Global Rolling Mill and Other Networking Machinery Market Research Report

 Rolling mill & metalworking machinery market comprises of the sales of rolling mill and metalworking machinery & related services by several entities that produce the rolling mill and other metalworking machinery. Rolling mill is a specific machine or device used to roll the metals into sheets or bars in different shapes. Rolling mill is generally used to increase the hardness of metal by decreasing the width. They are typically used in steel industry to shape various products like angle stock, rails, bar stock, channel stock and I-beams. They are also be used to impose the patterns on metals. Additionally, rolling mills are also used in the creation of furniture for bending the straight metal sheets into curved formats. Rolling mills increase the speed of production and therefore are cost effective in the long-run.

As per analysis, “Rolling Mill And Other Metalworking Machinery Global Market Report 2020-30: Covid 19 Impact and Recovery” some of the renowned companies that are currently operating in the global rolling mill & other metalworking machinery market are Amada Co Ltd; TRUMPF Group; Mitsubishi Electric; Mazak; LST GmbH and among others. These renowned players focus on mergers & acquisition (M&A) and business alliances. Moreover, players are also focusing on innovative technologies.

Based on type, rolling mill and other metalworking machinery market is segmented as coil winding & cutting machinery, wire drawing & fabricating machinery, rolling mill machines and others. In addition, based on application, market is segmented as machinery & equipment, metal, automotive and others.

Rise in demand for manufactured industrial products with high precision finish in end-use industries, followed by rapid industrialization & technological advancements in the mill manufacturing technologies & processing equipment are some major factors, which are responsible for growth of rolling mill and metalworking machinery market. Additionally, environment friendly nature of roller mills machine in terms of the recyclability & low waste generation is another driving factor for the adoption of roller mills. Apart from this, fluctuations in prices of raw materials and increase in competition from substitutes may impact the market. Moreover, rise in advancements in ongoing research & development (R&D) activities to develop effective, innovative, and cheaper roller mills machines is a leading opportunity for market. Furthermore, rise in demand for superior quality products & computer numerical control (CNC) machines are major trend for market.

Based on geography, the Asia-Pacific is a leading region in global rolling mill and other metalworking machinery market owing to rapid urbanization, increase in income of people living in urban areas and significant rise in industrial applications across the region. The North-America and Europe regions are estimated to witness higher growth rate due to growth in construction industry coupled with significant growth in automotive & transportation industry over the forecast period. It is predicted that future of the global rolling mill and other metalworking machinery market will be bright as a result of growth in the infrastructure development with developing economies during the forecast period.

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Global Rolling Mill and Other Networking Machinery Market

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Global Commercial Fan and Air Purification Market Research Report

 Commercial fan & air purification equipment industry comprises of the sales of commercial fan and air purification equipment & related services by numerous entities that produce a variety of industrial & commercial fan and air purification equipment including electrostatic precipitation equipment, air washers, industrial dust & fume collection equipment, warm air furnace filters, and other dust collection equipment, attic fans and industrial & commercial fans and blowers, for instance commercial exhaust fans & commercial ventilating fans.

As per analysis, “Commercial Fan And Air Purification Equipment Global Market Report 2020-30: Covid 19 Impact and Recovery” the key companies operating in the global commercial fan and air purification market include Panasonic Corporation; Sharp Corporation; Daikin Industries; Philips Electronics N V; Honeywell International and among others. The focus area for many manufacturers in the commercial fan & air purification equipment market has shifted to increasing the mergers & acquisitions to acquire more production capabilities. Large prime manufacturers are forming the joint ventures or buying small & midsized companies to obtain new capabilities or gain access to modern markets. Apart from this, theses leading manufacturers are increasingly producing various energy-efficient products to reduce their environmental footprint and enable the energy savings for clients. Rise of energy-efficient appliances can be attributed to the strict government regulations on the electric appliances & advances in technology. These energy-efficient appliances are designed to exploit the minimum energy to complete the requisite task. This results in considerable cost savings for consumers.

Based on type, commercial fan and air purification market is segmented as attic & exhaust fans, air purification equipment and others. Based on capacity type, market is segregated as small capacity, medium capacity and large capacity. Ina addition, based on technology type, market is segregated as activated carbon, High Efficiency Particulate Absorption/Absorber (HEPA), Ultra Violet (UV) light air purifier, electrostatic precipitator, ionic air purifier and others. HEPA filters are very efficient in trapping the airborne particles such as pollen, smoke, dust, and bio-contaminants.

The commercial fan and air purification market is driven by increase in concerns of workers on poor quality of air at work places, followed by growth in technological advances. Additionally, Covid-19 impact, changing climate conditions, and stringent regulation on industrial & commercial sector air pollution are estimated to drive the market. However, increase in environmental concerns and counterfeit products may impact the market. Moreover, growth in popularity of smart air purifiers is a key trend for market. These smart air purifiers are specific devices which are connected to various other devices via the internet, and other technologies like near field communication (NFC), Bluetooth and Wi-Fi.

Based on geography, the Asia-Pacific is a leading region in global commercial fan and air purification market because of rapid urbanization & industrialization, rise in smog & air pollution cases and growth in population with increased disposable income across the region. The North-America and Europe regions are estimated to witness higher growth rate due to growth in installation of comprehensive ambient air quality monitoring systems over the forecast period. It is estimated that future of the global commercial fan and air purification market will be bright as a result of rise in awareness about health hazards & diseases caused owing to exposure to harmful particulates at workplaces or homes during the forecast period.

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Global Commercial Fan and Air Purification Market

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Global Mechanical Power Transmission Equipment Market Research Report

 Mechanical power transmission equipment market comprises of the sales of mechanical power transmission equipment & related services by numerous entities (sole traders & partnerships and organizations) that produce mechanical power transmission equipment (except aircraft and motor vehicle), such as clutches, couplings, joints, plain bearings and drive chains. Mechanical power transmission equipment converts or transfers the rotational movement into linear reciprocating motion or circular movement. Mechanical power & movements are transmitted by a range of components including belts, couplings, chains, gears, brakes & clutches, and power screws. These products are commonly small and compact in size.

Mechanical power transmission equipment or machines are generally lightweight, suitable for short distance transmission and possess a compact structure. The rate of transmission of power is stable, accurate, and efficient. These machine’s components have a long life, therefore maintain low operating costs. These types of machines or equipment can be easily installed in any system that requires transfer of mechanical energy to keep the machinery in motion. All machinery components maintain the industry standards and appropriate most installations in systems. All these factors have enhanced the sales of mechanical power transmission equipment. The main use of mechanical power transmission equipment is seen in the transportation and automotive sector. Components including clutches provide fuel economy, increased engine performance, quicker engine warm-up, and reduced noise to heavy transport vehicles like buses and trucks.

As per analysis, “Mechanical Power Transmission Equipment Global Market Report 2020-30: Covid 19 Impact and Recovery” the key companies operating in the global mechanical power transmission equipment market include Timken; SKF; ABB; Altra; Gardner Denver and among others. The major companies are focusing on manufacturing equipment that can control greater speed, require fewer lubricants, slowdown the motion of a running vehicle immediately, and function for a longer span of time.

Based on type, mechanical power transmission equipment market is segmented as joints, pulleys, couplings, clutches, plain bearings, chains & sprockets and others. Based on sales channel, market is categorized as aftermarket and original equipment manufacturer (OEM). In addition, based on end-user industry, market is segmented as aerospace & defense, automotive industry, power industry and others.

The mechanical power transmission equipment market is driven by rise in demand for electric vehicles, followed by increase in the production of green vehicles supported by governments' initiatives. However, increase of the production cost and tariffs may impact the market.

Based on geography, the Asia-Pacific region holds major share in global market owing to increase in government initiatives for increased power transmission in industries for instance transportation, food & beverages and factory automation in emerging countries such as China, India, Japan, South Korea, and other countries in Southeast Asia. The North-America and Europe regions are estimated to witness higher growth rate due to rise in usage of mechanical power transmission equipment in material handling, heavy-duty industry, and water & wastewater treatment applications over the forecast period. It is anticipated that future of the global market will be optimistic as a result of growth in number of manufacturers producing mechanical power transmission equipment during the forecast period.

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Global Mechanical Power Transmission Equipment Market

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Rise in Demand for Fuel Cell-Powered Electric Vehicles Expected to Drive Global Fuel Cell Gas Diffusion Layer Market: Ken Research

Gas diffusion layer or GDL is a key part of any fuel cell. It is generally made of woven carbon cloth and non-woven carbon fiber paper. The main objective of fuel cell GDL is to support the catalyst layer that provides good mechanical strength, enhance the electrical conductivity and easy gas access to catalyst. GDL is main supporting material in the membrane electrode assembly (MEA). Numerous standard gas diffusion layers come with hydrophobic treatment (PTFE) and micro porous layer (MPL). The micro porous layer & hydrophobic treatment supports with the contact to membrane & water management. The micro porous layer provides smooth layer with sufficient surface area, for good contact with the membrane & catalyst. The fuel cell GDL acts as an electrode that enables the diffusion of reactant over the catalyst layered membrane. The porosity & surface area of the GDL enables the reactants in the path of bi-polar plate to diffuse along the dynamic area of the membrane.

As per analysis, “Global Fuel Cell Gas Diffusion Layer (GDL) Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” the key companies operating in the global fuel cell gas diffusion layer market include Ballard, NuVant Systems, Toray, SGL and among others.

Based on type, fuel cell gas diffusion layer market is segmented as carbon fiber woven cloth substrate, carbon fiber paper substrate and metal substrate. Carbon cloth substrates are created to cater to the necessities in hydrogen & direct methanol fuel cells. These layers are made through proprietary woven technology. Additionally, carbon fiber paper substrates are basically designed to meet the requirements in direct methanol fuel cells and & methanol fuel cell by proprietary non-woven technology. Carbon fiber paper substrate segment holds major share in global market owing to its excellent features such as high gas permeability, high conductivity, smooth surface and corrosion resistance.

Furthermore, carbon fiber paper substrate have various features like corrosion resistance, low cost, high conductivity, high gas permeability and smooth surface, therefore they are extensively used in different end-use industries. In addition, based on application, market is categorized as hydrogen / oxygen air fuel cells, polymer electrolyte fuel cells, direct methanol fuel cells and others. In polymer electrolyte fuel cell operation, gas diffusion layer plays an important role. GDL helps in transporting the reactants to active phase of the electro catalysts and enabling the water removal apart from the active sites for preventing the flooding. GDL provides electron pathways from the catalyst layer back to the rigid flow fields in hydrogen and oxygen air fuel cells. GDL is used to attain the better cell performance to achieve better water management for system in direct methanol fuel cells.

Based on geography, the North-America holds major share in global fuel cell gas diffusion layer market owing to rise in demand for fuel cell-powered electric vehicles across the region. The Europe and Asia-pacific regions are estimated to exhibit higher growth rate due to increase in investments by government for cleaner energy source over the forecast period. It is predicted that future of the global market will be bright as a result of rapid expansion of various industries during the forecast period.

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Global Fuel Cell Gas Diffusion Layer (GDL) Market

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COVID 19 Impact on Future of Indonesia Automotive Aftermarket Service Sector| Ken Research

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How Indonesia Automotive Aftermarket Service Market Is Positioned?

Indonesia automotive aftermarket service industry revenue stood at USD ~ Bn in 2021 and recorded a CAGR of 5.4% during 2015-2021. The multi-brand workshops dominate the Indonesian automotive aftermarket service industry due to their cheaper service fee and generalized service offerings. ~% of the after-sales car service market is captured by the multi-brand service centers owing to its low Service & Spare parts cost and high preference by post-warranty car owners.

OEM car service centers in Indonesia witness a higher share of pre-warranty cars visiting their centers. High-quality service, genuine spare parts, and higher reliability offered by OEM service centers are some reasons why customers prefer the OEM service centers in Indonesia.

Automotive slowdown & the COVID-19 pandemic brought a sustained downward trend in new passenger car sales and used car sales in 2020 in Indonesia, showing a negative impact on the after-sale market.

The growing car population (parc) and penetration of unorganized aftermarket players in Tier II & III cities are expected to gain high traction in the future. The competition structure in Indonesia's automotive aftermarket Service industry is fragmented in nature, with the presence of a large number of OEM Service companies, organized and unorganized multi-brand Service companies.

Major companies in the multi-brand car service market include Vertue Concept, Brum Indonesia, Garden Speed, Autoglaze Indonesia, CARfix Karang Tengah, Bosch Auto Care Service, and others. Major companies in OEM/Authorized car service market include Toyota, Daihatsu, Honda, Mitsubishi, Nissan, Suzuki & others.

Indonesia Automotive Aftermarket Service Market Segmentation

By Type of Workshop (OEM & Multi Brand)

The Multi-brand workshop segment was observed to dominate the car service market in Indonesia. A higher number of post-warranty cars in the market is majorly contributing to the higher demand for multi-brand car service centers.

By Type of Multi Brand (Unorganized and Organized)

The unorganized multi-brand car service center dominates the multi-brand car service market in Indonesia.  Unorganized car service workshops have a significantly higher presence in the Tier II & III cities of Indonesia.

By Type of Vehicles (MPV, Sedan, SUV, LCGC & Hatchback)

The Indonesia automotive aftermarket service industry was observed to be dominated by MPV cars followed by sedans, SUVs & others. MPV has the majority share owing to the high demand for Toyota MPV cars in Indonesia.

By Age of Car (0-3 Years, 3-8 years and 8 & above years)

Cars in the age group of 8 and above years contribute the highest in the car servicing market in Indonesia, followed by 3-8 years and 0-3 years. The majority of cars in the car parc in Indonesia are in the age above 4 years.

By Region (West, Central & East)

The western region dominated the car service market in Indonesia. The large population and the presence of the capital city Jakarta in the western region are contributing factors for the highest number of car sales, leading to the region’s high contribution in the car servicing market.

By Car Brand (Toyota, Daihatsu, Honda, Mitsubishi, Suzuki, Nissan and Others)

Toyota dominated the car servicing market in Indonesia, as is the highest-selling car brand in the country. In general, Japanese car brands dominate the Indonesian automotive market.

By Booking Mode (Online and Offline)

Majority of the car service bookings are made offline in Indonesia. A majority of the OEM car service companies have started providing online car service booking facilities, but only a few multi-brand centers have this service for their customers in Indonesia.

By Service (Repair & Replacement, Maintenance, and Body Care)

The repair & replacement car service segment dominated the car service market in Indonesia. This segment includes Car Denting, Car Painting, Collision Repair, Spare part replacement, Bumper damage repair, Interior Damage, and others.

Key Segments Covered in Indonesia Automotive Aftermarket Service Market 

By Type of Workshop

Multi Brand

OEM/Authorized

By Type of Multi Brand

Organized

Unorganized

By Type of Vehicle

MPV

Sedan

SUV

LCGC

Hatchback

By Age of Car

0-3 Years

3-8 Years

8 and above years

By Region

West

Central

East

By Car Brand

Toyota

Daihatsu

Honda

Mitsubishi

Nissan

Suzuki

Others

By Booking Mode

Online

Offline

By Service Split

Repair and Replacement

Maintenance

Body Care

Indonesia Spare Parts After-Market Segmentation

By Type of Spare Parts

Lubricants and Oils

Suspension & Braking

Electrical Components

Engine Components

Consumables

Others

Key Target Audience

Automotive companies

OEM Car Service companies

Multi brand Car Service companies

Automotive Spare Parts Companies

Time Period Captured in the Report:

Historical Period: 2015-2021

Forecast Period: 2021-2026

OEM Car Dealers/Service Providers:

Wuling Motors

Auto 2000

Asco Automotive

Honda Indonesia Mobil

PT Nissan Motor Indonesia

Prima motor

NUSANTARA JAYA SENTOSA

United Motors Centre

Multi Brand Car Dealers/Service Providers:

Bosch Auto Care Service

Vertue Concept

Brum Indonesia

Garden Speed

Autoglaze Indonesia

CARfix Karang Tengah

Key Topics Covered in the Report

Indonesia Automotive Aftermarket Service Industry Overview

Ecosystem of Entities in Car Servicing in Indonesia

Trends and Development in Indonesia Automotive After Market Service Industry

Issues and Challenges in Indonesia Automotive After Market Service Industry

Porters Five Forces Analysis: Automotive Aftermarket Service in Indonesia

Government Regulation in Indonesia Automotive After Market Service Industry

Market Size of Indonesia after Market Service Industry

Indonesia Automotive Aftermarket Service Industry Segmentation

Competition in Indonesia OEM Aftermarket Industry

Strength and Weakness of Major Players in Indonesia OEM Automotive Aftermarket Industry

Competition in Indonesia Multi Brand Aftermarket Industry

Pricing Comparison of Major OEM Car Service Companies

Pricing Comparison of Major Multi Brand Car Service Companies

Operating Model of Organized and Unorganized Workshops

Operating Model of OEM Workshops

Indonesia Spare Parts Aftermarket Industry Overview

Sourcing Spare Parts for Automobile Service Centers (OEM/Authorized Service Centers & Multi-Brand Service Centers)

Indonesia Automotive Aftermarket Car Service Market Future Market Size

Future Outlook and Projections for Indonesia Automotive Service Market

Case Study: Car fix

Analyst Recommendation

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Indonesia Automotive Aftermarket Service Market Future

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Growth in Automation in the Industrial Sector Expected to Drive Global Foot Switches Market: Ken Research

Foot switches are specific type of equipment or devices, which are used to operate industrial applications & equipment. These switches are necessary for easy operation of equipment and for ensuring the optimal performance of equipment & processes. Foot switches are generally used to operate machinery when they can’t be operated by hand and instead the similar is done by applying foot pressure. These switches are useful when the use of hand operated switches is unsafe to the worker. These switches are usually used in various industrial applications and in the medical industry to start & stop applications. These machines are used in sand blasting machines, construction machines, ironing machinery, bending machines, and machine tools. Demand for these foot switches is contingent on the growth route of these end user industries. Foot switches guarantee that the machine operator’s hands are free for performing other tasks and therefore ensure a good level of productivity, eventually resulting in a higher rate of production.

As per analysis, “Global Foot Switches Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” the key companies operating in the global foot switches market include Steute Schaltgerate, AMETEK Factory, Ojiden, Jaibalaji Control Gears, Fiessler Elektronik, Linemaster, BERNSTEIN, Craig & Derricott, Brisk, Fiessler Elektronik, Marquardt Mechatronik, Gasparini Industries, Tapeswitch, Makersan, Purex International, Vaishno Switchgear, SSC Controls, Suns International, LLC and among others. With the rise in industrialization, players are expected to invest massively for product development by research & development (R&D) programs that present a growth opportunity in the novel product space. Furthermore, industrialization leads to diversifying requirements in the end-user industries and potential market for foot switches is projected to witness a rise. They adopt a variety of strategies for instance launch of new & innovative products and targeted marketing activities to capture novel markets and consolidate their position in the accessible markets. The players engage in innovative product development & partnerships to gain market share.

Based on type, foot switches market is segmented as single pedal, double pedal, triple pedal and others. In addition, based on application, market is segmented as commercial market, industrial market, residential market, medical market and others. Industrial segment include construction machines, bending machines, ironing machinery, sand blasting machines, and machine tools.

The foot switches market is driven by growth in automation in the industrial sector, followed by increase in evaluation in modern manufacturing technology and rise in demand for multi-functionality in the industrial sector. However, high integration of automation and need of highly skilled labor to operate these switches may impact the market. Moreover, high extent automation in the industrial & manufacturing sector is a leading opportunity for market.

Based on geography, the Asia-Pacific is a leading region in global foot switches market owing to growth in industrial Gross Value Added (GVA) across the region. The North-America and Europe regions are expected to witness higher growth rate due to growth in advancements in technologies over the forecast period. It is anticipated that future of the global foot switches market will be bright as a result of economic up-liftment of the developing economies during the forecast period.

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Global Foot Switches Market

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Global Neo And Challenger Bank Market Outlook: Ken Research

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Neobanks is a new form in the financial world. They are a type of direct bank that is entirely online with no physical branches which deliver complete banking solutions to its consumers. Neobanking suggests everything a traditional bank has to offer from opening a bank account to money lending, money transfers, and many more. There are two kinds of Neobanks, first which have no banking license and partner up with the traditional bank such as Up bank around Australia which is combined with Bendigo Bank, and second are neobanks with a full banking license of their own such as Xinja and Volt. Challenger banks are well-established businesses that have a full banking license to function in the market. Lending, deposits & savings accounts, checking & merchant accounts, telephone banking, credit cards, mobile banking, and other services are delivered by these banks. By revolutionizing and incorporating several innovations into their product offerings, such banks are constantly challenging well-known conventional banks.

According to the report analysis, ‘Neo and Challenger Bank Market Segments: By Type (Neo Banks And Challenger Banks); By Application (Personal and Enterprises Sector) and Region – Global Analysis of Market Size, Share & Trends for 2019 – 2020 and Forecasts to 2030’ states that growth is projected due to growing mergers and acquisitions across several sectors which will generate a worldwide requirement for Neo and Challenger Bank. The growth of online stores is also influencing the selling of high-end products. E-commerce enables the simple buying of goods manufactured in remote locations. This, in turn, has made a foremost contribution to the improvement of the global Neo and Challenger Bank industry.

In addition, the Neo and challenger banks Market have amalgamated to enter the banking industry with the advanced features, real-time applications, and client-centric products and services, bestowing a threat to the market's established conventional banks. The market is being propelled by higher interest rates accessible to consumers over conventional banks, government and regulatory assistance for banking operations, and better convenience delivered by mobile apps.

Not only has this, the neo and challenger bank Market segment is projected to deliver lucrative opportunities for enlargement, such as strengthening online services to the unbanked populace in emerging economies. In addition, such Fintech banks will continue to concentrate on enlarging their established banking portfolios, enlarging their market, bundling product offerings, and delivering the personalized solutions in the coming years.

Although, the Latin America is likely to register the European market in the near future. The APAC neo banking market is predicted to grow over the review period due to the growing investments in the fintech sector. The Asia is seen, in addition to Europe and Latin America, as one of the world’s foremost regions that show an upcoming growth in this sector. Therefore, in the near years, it is predicted that the market of neo and challenger bank will increase around the globe more effectively over the incoming years along the effective amount of investment by the prevailing as well as coming investors.

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Global Neo And Challenger Bank Market Growth Rate

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Global Neo and Challenger Bank Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread)

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Rise in Demand for Eco-Friendly Lighting Devices Expected to Drive Global Fluorescent Bulbs Market: Ken Research

Fluorescent bulbs are highly versatile types of bulbs that use fluorescence to produce visible light. Fluorescent bulbs produce an invisible Ultra-Violet (UV) light by performing many chemical reactions between gases and mercury vapors that are present inside of the glass lamp or tube. Fluorescent lighting is a specific technology that depends on the chemical reactions inside the glass tube to create light. This chemical reaction involves mercury vapors & gases, thus producing an invisible light. In other words, the fluorescent bulb is more efficient & cooler than incandescent lamps that produce fluorescence of the phosphor coating.

Fluorescent bulbs further illuminates the phosphor powder coating inside of the glass tube that emits white fluorescent light. There are two mechanisms are used for fluorescent bulbs. In the first mechanism, starter switch & magnetic ballast are used to provide the flow of alternating current to the lamp. In a circuit, the ballast is utilized to convert the alternating current into a stable & direct stream of electricity.

As per analysis, “Global Fluorescent Bulbs Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” the key companies operating in the global fluorescent bulbs market include Crompton Greaves Ltd., Ajanta Manufacturing Limited, General Electric Company, Bajaj Electricals Limited, Feit Electric Company, Koninklijke Philips N.V., Havells India Limited, Osram GmbH, Havells USA, Litetronics International, Wipro Enterprises Limited, Surya Roshni Ltd. and among others. Based on type, fluorescent bulbs market is segmented as Linear Fluorescent Bulbs (LFL) and Compact Fluorescent Bulbs (CFL).  CFL segment holds major share in global market owing to large scale availability of CFLs in a variety of shapes & sizes as per the different applications. CFLs are generally found with screw bases & integral ballasts; these are popular and widely used in household fixtures. In addition, based on application, market is divided into commercial and residential.

The fluorescent bulbs market is driven by rise in disposable income in both developing & underdeveloped countries, followed by growth in population, increase in preference for long operational & shelf life of lighting lamps and rise in demand for eco-friendly lighting devices with reduced energy consumption. Apart from this, higher purchase price than substitute product may impact the market. Additionally, growth in product innovation & differentiation along with energy efficiency and increase in government support for energy efficiency lamps are leading opportunities for market. Moreover, advancements in lifestyle and high consumption of energy efficient lamps are key trends for market. Furthermore, availability of substitutes such as conventional lamps and incandescent lamps is a major challenge for global market.

Based on geography, the North-America is a leading region in global fluorescent bulbs market owing to rise in demand for electricity and growth in industrialization across the region. The Asia-Pacific and European regions are likely to witness higher growth rate due to growth in urbanization, rise in per capita income and rapid growth in the electronic component manufacturing, semiconductor industry, and wireless technologies over the forecast period. It is predicted that future of the global fluorescent bulbs market will be optimistic because of high electrification rate in developing economies, rapid development in the semiconductor industry and growth in population during the forecast period.

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Global Fluorescent Bulbs Market

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Global Paper And Plastic Straws Market Outlook: Ken Research

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Paper straws are straws made from paper and are utilized for drinking liquids. They are often introduced as a straight during a pipe shape or can be provided an adjustable angularity reckoning on the convenience of the user and therefore the kind of liquid which is served. Paper straws are obtainable in numerous sizes and shapes counting on the density of the drink served. As they're created from paper hence, they're painstaking environmentally friendly and thus proving to be a possible alternative to plastic straws. They are fully biodegradable and may even be recycled after usage, unlike plastic straws which take months to degrade. Since plastic goods are non-biodegradable, numerous governments have announced plans to phase out their usage, despite the fact that they appear to have augmented the emission rates during recent decades. Paper-based straws are likely to obtain new prospects as a result of this scenario. Furthermore, as customer understanding of the environmental effects of plastic products increases, paper straws are likely to obtain traction in a variety of end-use applications.

According to the report analysis, ‘Paper and Plastic Straws Market Segments: By Product Type (Plastic and Paper); By Application (hotels, restaurants & motels, bars & lounges, cafes and others.); and Region – Global Analysis of Market Size, Share & Trends for 2014 – 2020 and Forecasts to 2030’ states that growth is projected due to growing mergers and acquisitions across several sectors which will generate a worldwide requirement for Paper and Plastic Straws. The growth of online stores is also influencing the selling of high-end products. E-commerce enables the simple buying of goods manufactured in remote locations. This, in turn, has made a foremost contribution to the improvement of the global Paper and Plastic Straws industry.

In addition, surging requirement of Paper and Plastic Straws Market from numerous end-user industries is the foremost factor underwriting in the market growth. Over the next several years, an increasing number of multinational restaurant and café chains is estimated to drive sales growth in the global market. Other factors projected to drive requirement for paper and plastic straws include growing demand for on-the-go consumer drinks, higher disposable income levels, an increasingly increasing the food and beverage industry, and changing customer taste and preferences. In addition, the requirement for eco-friendly, natural & organic, and reusable straws, as well as consumers' preference for augmented the use of environmentally friendly goods, are projected to drive the market's growth to some extent.

In the last couple of years, there has been a marvellous increase and fast improvement in the beverages and food industries, serving thousands of consumers every minute. This has resulted in a worldwide outpouring in the application of paper and plastic straws. Technological developments have resulted in the advent of online food supply platforms that assist the paper and plastic straws market enlarge enormously. Therefore, in the near years, it is predicted that the market of paper and plastic straws will increase around the globe more effectively over the upcoming years.

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Global Paper And Plastic Straws Market Analysis

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Global Paper and Plastic Straws Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread)

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Global Industrial Mold Market Research Report

 The industrial mold market comprises of the sale of industrial molds over many entities including traders & partnerships & other organizations producing over a variety of industrial molds practicing the casting of metals or forming other materials including glass, plastics and rubber. The Industrial mold with a hollow-block over which a malleable liquid is flown, it then solidifies and takes a shape over form of the mold in which the liquid was poured. Over the industrial level, there have been various products that require an accurate shape & size; therefore such molds provide the required specification for the metal-based products. These molds also assist in producing various types of mechanical and polymer objects. The increase in sales of various industrial products is further expected to supplement the growth of industrial mold over the forecast period.

As per analysis, “Industrial Mold Global Market Report 2020-30: Covid 19 Impact and Recovery” some of the renowned companies that are presently operating in the global industrial mold market include TRUMPF; Amada; DMTG; U.S. Industrial Machinery; DMG Mori and among others. Various local & unorganized players are likely to contribute to the global industrial molds market during the forecast period.

Based on type, industrial mold market is segmented as metal molds and other metal molds. In addition, based on application, market is segmented as automotive and others. The automotive sector is expected to exhibit substantial growth rate due to rise in demand from automotive industries during the forecast period.

The industrial mold market is driven by rise in demand for customized mold products from consumers, followed by growth of end-use industries across the globe. However, fluctuating raw material prizes of metals and high cost associated with industrial molds may impact the market. Additionally, growth in industrialization in developing industries and increase in investments to develop the manufacturing industries in the emerging economies of India, China, and Brazil etc are leading opportunities for market. Moreover, increase in concern related to residence time that takes too long and issues related to high resin temperature of industrial molds are major challenges for market. Furthermore, adoption of hot runner technology to make industrial molds is a key trend for market. In addition, some industrial mold market trends are conformal cooling design, which are increasingly being utilized by manufacturing companies in the 3D-printed molds because it provides better cooling to the molded products. Conformal provides improved cooling molds with complicated geometric design & overcome issues including uneven cooling add warp, thin walls, intricate curves, and tight tolerances.

Based on geography, the North-America is a leading region in global industrial mold market owing to growth in automotive industries coupled with presence of key manufacturers across the region. The Asia-Pacific and Europe regions are estimated to witness higher growth rate due to growth in manufacturing industries, rise in disposable income and growth in end-use industries over the forecast period. It is projected that global market will be reached at rapid pace on account of growth in economy & industrialization during the forecast period.

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Global Industrial Mold Market

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Industrial Mold Manufacturing Global Market Report 2019

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