UAE Diagnostic and Medical Testing Market Is Predicted to Boost with The Growth in Lifestyle Diseases: Ken Research

Chances are, anytime you have gone to the doctor’s office presenting the symptoms of an illness or injury, your healthcare provider has demanded that you undergo diagnostic testing of some sort. Diagnostic and medical testing incorporates a broad variety of physical examinations-both invasive and non-invasive-provided by the medical professionals to endure the existence or absence of illness/syndrome in patients.

According to the report analysis, ‘UAE Diagnostic and Medical Testing Market Current Analysis and Forecast (2017-2026)’ states that with the growth in lifestyle diseases, shift in care models and innovative healthcare delivery approaches worldwide comprising the aim on preventative rather than restorative care, the diagnostics & medical testing industry around the UAE is well poised to augment. Clinical laboratory services are a critical component of the healthcare sphere provided their impact and effectiveness to convey reliable and high-quality healthcare to patients. Laboratory tests support determine the presence, magnitude or non-existence of disease and monitor the usefulness of treatment. Clinical Laboratory services are categorized into 2 broad categories: pathology testing and imaging laboratory services. As per Frost & Sullivan’s research during 2019, Abu Dhabi & Dubai collectively underwritten up to significant percentage of the test volumes of the overall laboratory market around UAE. Both Emirates have improved healthcare infrastructure in the form of hospitals, clinics and laboratory centres along with higher penetration in the private healthcare segment.

In addition, the UAE diagnostic and medical testing market proposes proficient growth potential for the prevalent as well as emerging product producers. Technological improvements in POC devices, increasing incidence syndromes, and augment in the investments by the foremost players are the foremost aspects propelling the growth of the diagnostic and medical testing market.

Based on the end user, the market is segmented into B2B End-users, B2C End-users, Lab Management & COVID. The B2B End-users sector grabbed the foremost market and registered the market. The segment created revenue of USD xx million during 2020. For a better understanding of the market implementation of the UAE Diagnostics and Medical Testing, the market is analysed based on its regional requirement in the regions such as Dubai, Abu Dhabi & Rest of UAE. Abu Dhabi dominated the market and created xx million in terms of volume during 2020 due to greater number of laboratories, augmented the spending in health infrastructure & government aim & favourable policies on healthcare around the country.

Increasing medical spending by the government and regulatory bodies is predicted to propel the market throughout the review duration. Government and foremost organizations are constantly employed in motivating patients to undergo regular diagnostic examinations.

In UAE, the multinational healthcare organization aid in the discovery of the novel approaches and encourage the awareness the eradication and diagnosis of primary as well as chronic syndromes. Speedy external funding to the clinical studies conducted for the improvement of the novel innovative diagnostics tests is projected to boom the market.

In addition, NRL, Al Borg Lab, Medsol, MENA Labs, Purehealth, Unilabs, Cleveland Clinic Abu Dhabi, SRL Diagnostics, Thumbay Labs, Life Diagnostics, Yok Labs are some of the prevalents players operating around the UAE Diagnostics and Medical Testing market. Countless M&As along with partnerships have been undertaken by such players to facilitate consumers with hi-tech and ground-breaking products/technologies.

A continuous augment observed in the prevalence of the chronic syndromes along with the great requirement for the speedy products for assessment of the health situations is projected to propose the market a proficient momentum during the near future. This is projected to deliver the lucrative choices to functional entities as blood testing is fundamental for the regular observing the syndromes. Not only has this, the convey swift services, hospital, clinics and several other healthcare amenities are delivering the advanced tests. An exponential augment in the number of COVID-19 cases around the UAE is booming the requirement for large-capacity diagnostic and medical testing.

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UAE Diagnostic and Medical Testing Market

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COVID 19 Impact Global Digital Advertising Market: Ken Research

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Traditional media communication medium was once considered an imperative form of advertising a few years ago, however, in recent years the digital media is prospering considerably and it has become one of the pivotal modes of communication in marketing and advertising for building brand sustainability. Digital Marketing has become more famous after the involvement of the latest technologies in businesses.

Moreover, advertising plays an important role in determining the image of the product thereby helping the consumers in their buying decision of the product. The pressure of advertising has been growing each day with the rising influence of social media, increasing smartphone and internet penetration, and surging level of awareness. A significant amount of money is spent on advertising campaigns bringing to the companies multi-billion profits. Similarly, it is a "product of the first necessity" for any enterprise, aimed at commercial success, and its spending is further becoming more and more expensive.

According to the report analysis, ‘Global Digital Advertisement Market: Current Analysis and Forecast (2020-2026)’ states that Alibaba, Amazon, Facebook Inc, Alphabet, Microsoft Corporation, Sina, Nokia Corporation, Tencent, Twitter and Apple Inc are some of the key players operating in the Global Digital Advertisement market. Several M&A's along with partnerships have been undertaken by these players to facilitate costumers with hi-tech and innovative products. Several established players have already earmarked their presence in the respective market while new players have also forayed into the digital advertisement market. Digital media has been the harbinger of growth for the advertising industry across the globe in the last few years. Every year a sustainable proportion of advertising budget is being spent on digital media and it is growing every year.

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The research report covers a descriptive and insightful analysis of the advertising trend; detailed regional level analysis has been conducted including North America, Europe, Asia-Pacific, and the Rest of the World. North America occupied the maximum share in the digital advertising market. As per the report, the United States witnessed the marked shift in dynamics over the last decade due to surge in digital advertising accredited to significant growth in mobile internet advertising along with digital ad spending in the country exceeding has catalysed the regional performance in the respective market.

Additionally, based on Ad format, the report is further segments the Global Digital Advertising market into search advertising, banner advertising, social media advertising, video advertising and classifieds. However, the search advertising segment dominated the market and is expected to remain dominant throughout the forecast period 2020-2026. Search advertising allows the user to directly display paid advertisements among the search results on various search engines, like Google, Bing, and Yahoo.

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On the other hand, based on the programming type, the market is segmented into programmatic and non-programmatic type. The programmatic segment held the lead share in the Global Digital Advertisement market as they represent the greatest penetration and user accessibility in the respective market. Whereas, based on the platform, the market is segmented into desktop and mobile platforms. The Mobile platform generated significant revenue in the Global Digital Advertising market. This is majorly due to the prominence of smartphones and internet penetration; it has been observed that in the United States online advertising market, mobile internet advertising revenue showcased significant growth due to the growing adoption of mobile devices.

Lastly, based on the industry, the market is further divided into retail, automotive, financial services, telecom, consumer products, travel, and others. Out of which the retail sector occupied the largest share and the omnichannel approach adopted by the retail sector in digital marketing as it helps to map the customer's journey and results in inconsistency in every turn along with widespread applications of customer service chat bots being embraced by retailers has led to the major contribution of the sector.

The sudden outbreak of COVID-19 has negatively impacted the global digital advertising market. However, in the near future, it is predicted that the global digital advertisement market will increase at a single digit CAGR during the forecast period 2021 – 2026. This is majorly due to companies and among others tends to implement a dynamic digital marketing strategy that will increase the company’s ROI and added value to customers, these factors will widen the scope for the market.

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Global Digital Advertisement Spending 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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Future Growth of Global Digital Payment Market: Ken Research

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Digital payment is referred to as those payments that take place using the various types of electronic medium. These methods do not require payment to be made in the form of cash or providing cheque. At present, there are multiple modes and types of digital payments that are prevalent across the globe such as Banking Cards, USSD (Unstructured Supplementary Service Data), UPI (United Payment Interface), Mobile wallets, Point of Sale Machines (PoS), Mobile Banking, Internet Banking, and many more.

According to the report analysis, ‘Global Digital Payment Market: Current Analysis and Forecast (2020-2026)’ states that ACI Worldwide, WEX, Adyen, Dwolla, Fiserv, Novatti, PayPal, Paysafe, Worldpay and Wirecard are some of the prominent players operating in the Global Digital Payment market. Several M&A's along with partnerships have been undertaken by these players to facilitate costumers with more efficient and innovative payment solution.

Payment services are a foundation of every economy. With digitization and continued technological development, they can increasingly offer consumers and businesses ways of paying that are tailored, convenient and flexible. Digital payments can also aid financial inclusion, facilitate budgeting, and enable action to prevent and tackle economic crime. Therefore, global digital payment market was valued to be in USD billion in the year 2019, owing to the sudden COVID-19 outbreak demand for the contactless payment. The government recognises that the growth in the use of digital payments has been swift, and it wants to ensure that everyone has the option to be able to pay for goods and services digitally. That is why the government has undertaken a significant program of work that, by supporting innovation and competition, has already helped make digital payments simpler, quicker, and cheaper.

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Moreover, the report covers a deep-dive analysis of the Digital Payment, detailed regional-level analysis of North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Singapore and Rest of Asia-Pacific) and Rest of the World has been conducted. United States generated significant revenue in 2019. However, APAC is expected to witness the highest CAGR growth during the forecast period 2021-2026.

The demand for digital payment has increased globally as developed economies have implemented a cashless payment infrastructure based primarily on credit cards several decades ago, but in recent years, the legacy structures have suddenly become a burden. The "Western" markets are now much slower to adopt new payment solutions than growing economies such as China, India, or Eastern Europe. A large share of the population in the developing economies of Asia, Africa, and Latin America has also been under banked until the rise of mobile payment and wallet innovations that completely rely on accessible mobile technology.

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The report covers various qualitative sections namely market overview and genesis, trends and developments, issues and challenges, SWOT Analysis, Value chain analysis, company profiles, analyst recommendation along with the market segmentations at both global and regional level.  Therefore, the Global digital payments market has been further segmented by Type (Solution and Services), by Deployment (On-Premises, and Cloud), by Payment Mode (POS Payments, and Digital Commerce), by Payment Enterprises (Large Enterprises, SMEs), and by End Users (BSFI, healthcare, IT & Telecom, Media and Entertainment, Retail and E-commerce and others). All the sectors are deploying these solution and services as they make payment more convenient and safer. Nowadays, people prefer online shopping as it is quick and easy. Moreover, the lockdown in the COVID-19 times have encouraged contactless shopping and payment to avoid the contact with infected people. In 2019, BSFI dominated the global digital payment market.

In the near future, it is further forecasted that the Global Digital Payment market will increase at a double digit CAGR during the period 2021 – 2026. Moreover, it is also expected that the market will witness high growth Post 2020 as the shift in trends from making cash payment towards online payment have been observed during covid-19 period.

Related Report: -

Digital Payment Market: Market Segments: By Component [Solutions (Payment Gateway Solutions, Payment Processing Solutions, Wallet Solutions, Payment Security and Fraud Management Solutions, Point of Sale Solutions), Services (professional services (Consulting, Implementation, Support and Maintenance), Managed Services)]; By Deployment Mode (On-Premises and Cloud); By Organization Size (Large Enterprises, and Small and Medium-sized Enterprises (SMEs)); By Product Type (Standalone and Integrated); By Vertical (Banking, Financial Services, and Insuranc

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Future Growth of Global Smart Home Technology Market: Ken Research

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The proliferation and smartening of IoT devices have remarkably scaled up the potential for the industry and significant amount of data or information can be stored, collected, analysed and transmitted, helping the companies save substantial amount of money. However, concerns regarding privacy and hacking, high cost involved in complex installation and high prices of smart home devices needs to be addressed globally to experience the never-ending growth of smart home market.

According to the report analysis, ‘Smart Homes Technology Market: Current Analysis and Forecast (2021-2027)’ states that some of the major players profiled in the report includes Haier Electronics, Cisco Systems, Inc., Google, Amazon, Honeywell International, Crestron Electronics Inc., General Electric Company, IBM Corporation, LG Electronics Inc., Schneider Electric S.E., and Siemens AG among others. Looking at the growth prospect and consumer growing concern over home security various companies have forayed in the global smart home technology market, offering smart devices such as smart speaker, security systems, smart TVs, LEDs and switches, kitchen ware appliances and other devices. With an objective to enhance their product portfolio, the key market players have entered into various acquisitions and collaborations to expand their market reach and share.

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The global smart home market is segmented based on product, technology and end users. Therefore, the report is further being categorized by Product (security and safety, smart appliances, home entertainment, lighting and control, HVAC, energy management), by Technology (wired and wireless technology) and by End Users (residential & commercial), are some of the major focus areas considered while analysing and defining the penetration of smart home technology in different geographies. Currently, smart appliances dominated the global smart home market with a maximum share in terms of revenue. Based on estimation, the segment occupied a healthy share. Also, increasing demand for consumer electronics will further help the respective segment to grow at a higher rate of during the forecast period (2021-27).

In addition to this, the industry report also provides the penetration of smart home devices in different geographies and countries including North America, Europe, Asia-Pacific Latin America and Middle East and North Africa (MENA). As per the report, it estimates that the North America dominates the global smart home market followed by Europe and Asia Pacific at present. Moreover, positive impact on businesses of smart device manufactures and booming concept of Internet of Things has bolstered the growth of global smart home technology market.

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https://www.kenresearch.com/technology-and-telecom/it-and-ites/smart-homes-technology/433873-105.html

Furthermore, Wi-Fi technology application in smart home accounted a significant share in the market, while Ethernet wired connection occupied largest share in the respective technology. On the other hand, end-users, global smart home market are segmented into residential and commercial end-users and the smart home technology was more applicable among residential end-users. The segment dominated the market and is expected to maintain its dominance throughout the analysed period. Furthermore, depending on residential end-users, type, the market is further classified into luxury homes, mid-range apartments, assisted homes and low energy homes. Therefore, mid-range apartments occupied the largest share, followed by luxury apartments and luxury villas in the global smart home residential end-user segment market. This is majorly due to surging investments by major tech giants and venture capitalists to bring in innovation within smart home domain along with flourishing real estate sector and US recovery from subprime crisis has tremendously contributed towards the growth prospects of smart home technology worldwide.

Lastly, the benefits of smart home technology can also be witnessed among commercial end-users for instance hotels, hospitals and other commercial buildings. Technological breakthroughs have been successful in bringing about new shapes in the global smart home market. Smart home technology application was highly prominent among hospitals.

In the near future, it is anticipated that the smart homes technology market will increase at a double digit CAGR during the period 2021 – 2027 and this is largely due to strong competitiveness, flourishing IoT, spur in product development, R&D activities and dramatic uptake of technological advancements, investments by major peers, rising consumer awareness, spur in smartphone penetration have being significantly contributing in prospering the market size of smart home technology.

Related Report: -

Global Smart Homes Technology Market: Insights and Forecast, 2019-2025: Emphasis on Application (Safety and Security, Smart Appliances, Heating Ventilating, Air Conditioning (HVAC), Home Entertainment, Smart Lighting Systems, Smart Energy Management), Technology (Wireless and Wired Smart Home Technology), End-Users (Residential and Commercials End-Users)

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Global Automotive Molding Market Size and Growth 2021 By Future Trends, Investment Opportunities, Key Manufacturers, Prospects Research Report Till 2027: Ken Research

Automotive molding or car body molding refers to decorative and protective moldings on the car body. The term applies both to the detail and the material. Automotive stamping moulds are important technological equipment for automotive production. Automotive stamping dies have the characteristics of large size, complicated working surface and high technical standards, and belong to technically intensive products.

According to the report analysis, ‘Global Automotive Molding Industry Research Report 2021 Segmented by Major Market Players, Types, Applications and Countries Forecast to 2027’ states that Magna International (Canada), Aisin Seiki (Japan), Plastic Omnium (France), Toyoda Gosei (Japan), Flex-N-Gate (USA), CIE Automotive (Spain), Ningbo Huaxiang Electronic (China), Minth Group (China), TPR (Japan), Inoac (Japan), DURA Automotive Systems (USA), Hwaseung (Korea), SHIROKI (Japan), Nishikawa Rubber (Japan), FALTEC (Japan), Jiangnan Mould & Plastic Technology (China), Tata AutoComp Systems (India), Kinugawa Rubber Industrial (Japan), and many more are some of the major companies which are presently operating in the global automotive molding market.

The reports covers an in-depth analysis of major companies on the basis of various cross comparison and report also includes the company profiles of major players on the various parameters such as Product Specification, Production Capacity, Revenue, Price, Gross Margin and many more. Additionally, the report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Automotive Molding Market is further segmented by Types (Body Molding, Door Molding, Window Molding, and Others) and by Applications (Passenger Cars, Commercial Vehicles). Moreover, report also includes the Region wise market segmentation for the global automotive molding industry market into different regions such as North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America. On the other hand, the report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast with the detailed analysis by types and applications.

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The report provides an insightful analysis of the market and has comprehensive understanding of the global market and its commercial landscape. It also assesses the production processes, major issues, and solutions to mitigate the development risk. Additionally, report also provides the market strategies that are being adopted by leading respective organizations.

In the near future, it is anticipated that the global automotive molding industry market will increase at a double digit CAGR during the period 2020 to 2027 due to increase in the demand of cars and other commercial vehicles which will impact the demand of the molding industry positively. Also, the report will provide an insight on the post COVID-19 impact on the market which will help market players in this field evaluate their business approaches effectively.

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Global Automotive Molding Market Revenue

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International Remittance Industry in Saudi Arabia: Outlook to 2025

The publication titled ‘International Remittance Industry in Saudi Arabia’ covers the overview of industry by analyzing historical remittance statistics and corresponding change in social-demographic indicators in Qatar. With ~37% of expat population, the value of outbound remittance transactions were recorded at SAR xx Mn in 2020, up from SAR xx Mn in 2019.

Overview of Industry:

Saudi Arabia is one of the most economically prosperous country in Asia and hence is a prominent emigration destination to a many South Asian countries. Of the current population of 33 Million, more than 37% of population comprises of expats with India, Pakistan, Nepal, Philippines, Bangladesh, Sri Lanka and Egypt being key source countries.

During 2016-19, the international remittance industry in KSA declined from SAR xx Mn to SAR xx Mn, at a CAGR of xx%. However, during 2019-20, industry size increased by xx%.

India remains the largest outbound remittance corridor, accounting to xx% of the total outbound remittance. There has been growth in outbound remittance to other South Asian countries as well, like Pakistan and Bangladesh along with Egypt, Philippines etc

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Drivers and Impediments to growth:

In line with the G20 National Remittance Plan 2019 of Saudi Arabia highlight the importance of opening the market to allow foreign MTO to set up business in KSA. This will encourage new players in the current market which is oligopoly in nature and dominated by XX players contributing to XX% market share.

The Saudi remittance market is undergoing digital transformation due to emergence of digital payment players and fintech start-ups. One of the fastest growing remittance player, STC Pay and few other firms gained the digital banking license which happened first time in the country.

The decline in the remittance value of remittance over the past 5 years in Saudi Arabia is a major risk for a new entrants. Due to the employment of only Saudi Nationals at higher level posts, more and more people are looking to move from Saudi Arabia, which poses a deterrent to growth.

A Vibrant Future Outlook:

Given the backdrop of increase in volume and value of outbound international remittance transactions, analysts at Ken Research expect a growth of XX% during 2020-21 and CAGR of XX% during 2020-25F.

During this period, value of transactions is expected to peak in 2025 which will be driven by the opening of the market for foreign MTOs and growing adoption of digital solutions.

Analysts at Ken Research further expect that digitalization of services and corresponding marketing campaigns are expected to drive the revenue of remittance industry at a CAGR of XX% during 2020-25F

Key Topics Covered in the Report

Overview of International Remittance Industry in Saudi Arabia (Statistics on Corridor wise Transaction volume and value)

Industry segmentation (By Type of Transfers, Corridor wise)

Cross Comparison of Major players on Operational and Financial Parameters (December 2020)

Company Profile of Major Players (Overview, Products and Services, USP, Business Strategies, Branch wise Operational Performance, Cumulative Financial Performance, Recent Developments)

Growth Drivers and Challenges to Saudi Arabia International Remittance Industry

Industry trends and developments

Risk factors in the industry

Rules and Regulations by Government Bodies

Impact of COVID-19 and Future Outlook of Industry

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International Remittance Market Size in Saudi Arabia

Related Reports

International Remittance Industry in Qatar: Outlook to 2025

Russia Remittance and Bill Payments Market Outlook to 2023 (Second Edition)- By Domestic Remittance Banking & Non-Banking Channels; International Remittance Flow Corridors and Channel; and Bill Payment Segment

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Asia Pacific Smart Homes Technology Market Is Predicted to Augment Owing to Growth In Research and Development Activities And Spur In Product Development: Ken Research

The smart home also well-known as the home automation comprises the utilization of internet-connected devices to maintain and witness countless home appliances and systems. It is an advanced technology that supports in making the functions of countless home appliances more appropriate and energy saver. This technology comprises manipulating all the electronic devices that are present at home utilizing the wireless technology. It suggests ease, security, energy efficiency, and convenience of the end-users by allowing them to control all the electronic appliances through a smart home app on their mobile phones or the other connected devices.

According to the report analysis, ‘Asia-Pacific Smart Homes Technology Market: Insights and Forecast, 2019-2025: Emphasis on Application (Safety and Security, Smart Appliances, Heating Ventilating, Air Conditioning (HVAC), Home Entertainment, Smart Lighting Systems, Smart Energy Management), Technology (Wireless and Wired Smart Home Technology), End-Users (Residential and Commercials End-Users)’ states that Haier Electronics, ABB Limited, ASSA ABLOY, Cisco Systems, Inc., Emerson Electric Co, General Electric Company, Samsung Electronics Ltd, IBM Corporation, LG Electronics Inc., Schneider Electric S.E., Siemens AG and United Technologies Corporation are the key companies which recently functioning in the Asia Pacific smart homes technology market more actively for generating the high percentage of profit, ruling around the globe, obtaining the competitive edge, and leading the highest market growth.

Moreover, the effective growth in the number of internet users and increasing implementation of smart devices along with increasing requirement for energy-saving and low carbon emission-oriented solutions are the foremost aspects propelling the market growth. Not only has this, aspects likewise growing importance of home monitoring in remote locations and augmenting disposable income of individuals in underdeveloped regions have underwritten to the growth of the smart home technology market.

Around the Asia Pacific, the growing importance of the requirement to counter security issues is anticipated to propel the requirement for smart homes technology over the forecast period. Moreover, advanced wireless technologies, comprising security and access regulators, entertainment controls, and HVAC controllers, are projected to foster market growth.

The significant acceptance of smartphones and increasing penetration of the internet across the Asia Pacific region are some of the proficient aspects impacting the growth of the secure mobile communication software market in the provided analysis duration. The internet has made life simpler in countless manners during the present years and is spreading ever more broadly. In areas likewise transport, banking, education, shopping, healthcare, home automation and personal data analysis, the usage of internet has augmented. In this foremost growth in internet usage, the mobile device players an essential role.

The proliferation and smartening of IoT devices have extraordinarily scaled up the possibility for the industry. Considerable amount of data or information can be stored, accumulated, analysed and transmitted leading to the saving of substantial amount of money by countless companies. Hence, throughout 2018, wireless smart technology controlled a prominent share of xx%, followed by wired technology. Wireless smart home technology market around Asia-Pacific was valued at USD xx million during 2018 and is predicted to observe astonishing CAGR of xx% throughout the forecast period. In addition, Wi-Fi enabled smart home devices controlled maximum share and garnered a revenue of USD xx million during 2018. While Ethernet wired connection inhabited the greatest share in the wired technology. The segment is projected to showcase remarkable compound growth of xx% over the review period.

Moreover, advantages of smart home technology can also be observed among commercial end-users such as hotels, hospitals and several other commercial buildings. Technological breakthroughs have been profitable in bringing new shapes to the smart home technology industry. Smart home technology implementation was majorly renowned amongst hospitals. Moreover, strong competitiveness, prospering IoT, spur in product development, research & development activities and dramatic uptake of technological improvements have led to the thriving smart home technology market around countries such as China, India, Japan and Singapore. Apart from this, investments by foremost peers, increasing consumer awareness, and spur in smartphone penetration have also supported the market to blossom in such countries.

Not only this, increasing urbanization and growing incomes coupled with government initiatives in the form of Smart Cities Mission have proficiently contributed in flourishing the smart home technology market in such countries. Due to this, the Asia-Pacific smart home technology market was valued at USD xx million around 2018 and is predicted to display an exponential CAGR of xx% throughout the anticipated duration. However, concerns relate to privacy & hacking, high cost participating in complex installation and high prices of smart home devices require to be addressed to experience the never-ending growth of smart home technology market around the Asia-Pacific region.

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Asia Pacific Smart Homes Technology Market

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Decoding the landscape of Agricultural Cold Storage Industry in India: Ken Research

“Fueled by increasing agricultural production levels and support from Government, Indian Agricultural Cold Storage Industry promises a bright scope in the long term”.

Being an agrarian state, agriculture is a widely spoken subject in India. Around 58% of population is dependent on agriculture for its livelihood and agriculture contributes ~18-20% to annual GDP of the country. With ~60 soil types of the world, 1,284 mm of annual rainfall, 60+ agriculture export zones, India is poised as a leading producer of agriculture and horticulture produce among its global peers. Moreover, it is pertinent for an agrarian country to possess the right quantity and type of post-harvest management infrastructure to improve accessibility of produce to consumers and avoid wastages and economic losses.  An estimate shows that India incurs an annual loss of INR 90,000-100,000 crores every year in wastage of agricultural and horticulture produce owing to poor post-harvest management policies, with 35-50% such economic loss is incurred due to lack of required cold chain infrastructure at farm-gate and hub level.

Cold chain infrastructure includes integrated pack-houses (located near to farm-gate and used for sorting, grading, packing and pre-cooling of produce), cold storage units (for cooling produce as per scientifically recommended temperatures) and reefer transport (for transportation of produce to different distribution hubs). Not only cold chain infrastructure helps in increasing the shelf life of produce, it also minimizes post-harvest losses, ensure better price discovery to farmers and acts as an enabler to food processing sector by assuring streamlined supply in off-seasons of crops.

India had a total cold storage capacity of 32 Mn MT in 2015 (against the requirement of 35 Mn MT, as per study by NCCD and NABCON) and has augmented capacity considerably to 37.4 Mn MT in 2020 with further capacity addition of 6.5 Mn MT expected by 2025. The strong government support in the form of subsidies, financial grants of upto 50% capex coupled with growth in end-user industries of diary & food processing, surging exports of fruits and vegetables and prevalent inefficiencies at grass-root level has intrigued firms to enter this space.

Further, the past decade has also witnessed the entry of many Agri-tech startups focusing on solving industry problems including lack of irregular electricity supply, fixed structures of cold storages and some sector specific challenges as well. The below tables provide a snapshot of few start-ups working in this direction.

While the industry ecosystem is maturing with incumbents focusing on backward integration and augmented value chain ownership, industry also faces certain headwinds in form of high operational expenditure, fluctuations in all-round availability of electricity, unavailability of skilled labor in certain areas, outdated existing infrastructure, lack of controlled atmosphere technology equipped facilities and presence of small unorganized players unwilling to take expansion activities. Further, the impact of COVID-19 restrictions - temporary closure of Mandis, unavailability of labor during harvest, supply chain restrictions for inter-state movement of goods also took a toll on occupancy rates of cold chain units.

Analysts at Ken Research believe that such challenges and risks are short-term in nature and a robust positioning focused on gaining value chain ownership emanating from strong partnerships within ecosystem could yield sound results for firms in the long-term.

Key Topics Covered in the Report: -

Snapshot of Agriculture in India (State wise Production statistics of Cereals, Horticulture, Meat, Livestock and Poultry)

Situation of Farmers in India (Profile of Farmer, Role in Value Chain, Problems and Issues faced in storage of produce)

Overview and Segmentation of Cold Storage Units (By Storage Temperature, Technology, Regional & State wise Distribution)

Demand side and Supply side Indicators of Cold Storage Solutions

Growth Drivers and Challenges to growth of Cold Storage Industry

Cold Storage Demand-Supply Profile of Key States – Uttar Pradesh, West Bengal, Gujarat, Punjab and Andhra Pradesh, Maharashtra, J&K and Himachal Pradesh

Trends and Developments

Union and State Government Support to Cold Storage Sector

Impact of COVID-19 and Future Outlook of Industry

Business Attractiveness at Farm gate level

Recommendations for operating Sustainable Business

For More Information, refer to below link: -

India Agricultural Cold Storage Industry

Related Reports:-

India Agritech Market Outlook to FY’2025-By Nature of Services (Input Market Linkage & Farming as a Service, Supply Chain, Post-Harvest Management & Output Market Linkage, Precision Farming, Advisory & Analytics and Agri Fintech)

Business Potential for Cold Storage Facility in JNPT Outlook to FY25 – Driven by increasing Trade of Food Products and Pharmaceuticals along with growth in QSR

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Global Slideway Oil Market Forecast, Recent Trends, Growth Rate, In-depth Analysis, Size, Analysis and Demand Forecast To 2027: Ken Research

 

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Slideway oil is a machine tool lubricant specifically structured for the table way lubrication, with the emphasis on the superior stick-slip belongings, suitable also for the hydraulic systems, gear boxes and spindles in most machine tools. In addition, slideway lubricating oils are utilized to lubricate machine tool slideways. Slideway oil should form a foremost lubricating film almost immediately. Slideway oils for hydrodynamic slideways and linear guides should display low static and dynamic friction coefficients, decent compatibility with neat cutting oils, good compatibility with cutting fluids, good demulsibility with the emulsions, no slideway gumming, escaping of stick-slip, brilliant

corrosion protection, compatibility with the central lubrication equipment, good slideway adhesion, brilliant wear-protection properties, good compatibility with the hydraulic oils and good compatibility with the slideway materials, accomplishing optimum accuracy.

According to the report analysis, ‘Global Slideway Oil Market, 2021-2027’ states that BP PLC, Castrol Limited, Chevron Corporation, ExxonMobil, Fuchs Group, Idemitsu Kosan Company, Ltd., Indian Oil Corporation, Royal Dutch Shell PLC, Sasol Limited, Sinopec, Total AG and many more are the key companies which recently operating in the global slideway oil market more actively for leading the highest market growth, obtaining the competitive edge, registering the great value of market share around the globe, ruling around the globe, generating the highest percentage of revenue and keep maintaining the governing position by increasing the applications and specifications of slideway oil, establishing the several research and development programs, improving the qualitative and quantitative measures of such, spreading the awareness connected to the specification and advantages of such, implementing the policies and strategies of enlargement and profit making, analysing the strategies and policies of government as well as similar entities, decreasing the associated prices of such and delivering the better consumer satisfaction.

Growing R&D expenditure for introduction of advanced product grades is predicted to encourage demand over the next coming years. Stringent regulations limiting product usage primarily in food & beverage manufacturing machinery is probable to hamper industry growth. Technological innovations pertaining to advancing the efficiency and anti-slip properties is projected to have a positive impact on the market over the next coming years.

Moreover, speedy industrialization around the globe, rising utilization of the product owing to properties such as corrosion, lubrication and anti-wear property, increasing applications from machine, hydraulic system, and automobile, growing shelf life of the machinery and proficiency are some of the foremost and important aspects which will probable to uplift he growth of the slideway oil market in the review period of 2021-2027. On the other hand, the growing number of technological improvements along with availability of regulation compliant product which will further generate abundant choices that will led to the growth of the slideway oil market in the above mentioned forecast duration.

Region wise, Asia-Pacific registers the Global Slideway Oil Market owing to the improvement in road as well as rail network along with surging levels of investment on infrastructural development and speedy industrialization. North America region is projected to hold the greatest growth rate owing to the increasing requirement of machinery in countless end-use industries such as automotive, construction, food and beverages.

For More Information, refer to below link:-

Global Slideway Oil Market Growth Rate, 2021-2027

Related Reports

Slideway Oil Market Status and Trend Analysis 2017-2026 (COVID-19 Version)

Global Slideway Oil Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use

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Ken Research

Ankur Gupta, Head Marketing & Communications

support@kenresearch.com

+91-9015378249

India Agricultural Cold Storage Industry Outlook 2025: Ken Research

The publication titled ‘Agricultural Cold Storage Industry of India’ depicts the snapshot of agriculture in India with core focus on identifying problems at the post-harvest management processes which costs around INR XX Billion (in economic value losses) per annum. Analysts have mapped out the landscape of cold storage industry, skewness in capacity concentration at certain regions, growth drivers, opportunities and challenges restraining the growth till full potential.

Overview of Cold Storage Industry

While the capacity of cold storage solutions has improved considerably at an aggregate level (XX Mn MT in 2020), there is a lack of cold chain infrastructure at farm-gate and transportation level.  Snapshots on cold storage solutions of top 5 capacity states – Uttar Pradesh, West Bengal, Gujarat, Punjab and Andhra Pradesh and certain select states – Maharashtra, J&K & Himachal Pradesh, further indicate the inefficiencies as a single commodity storage unit and emphasize on lack of modern technology (controlled atmosphere, pre-conditioning rooms) of such units.

Drivers and Impediments to growth

While growing food processing industry, rising urbanization and shift in cropping patterns to horticulture are key growth drivers for uptake in demand for cold storage solutions; challenges such as inadequate capacity for multi-storage, high opex, long gestation period & small unorganized players hinder the growth of industry. At a generic level, it takes 5+ years for a cold storage operator to break even with an initial investment of INR XX Mn to set up a unit of XX MT capacity.

Active Participation by Union and State Government

Being a capital-intensive business directly impacting 100 Mn+ farming households, Government of India along with state governments have taken pertinent steps to improve the ‘capacity availability’ situation of cold storage units via various schemes. These schemes include PM Kisan Sampada Yojana, Mission for Integrated Development of Horticulture, establishment of NCDC, schemes by APEDA for registered exporters, Capital Investment Subsidy Scheme for Horticulture, Agricultural Marketing Infrastructure Scheme, and Agri-reform laws - The Farmers’ Produce Trade and Commerce (Promotion and Facilitation, Essential Commodities Act (Amendment) and The Farmers Agreement of Price Assurance and Farm Services Act. As on 31^st January 2021, XX cold storage projects (XX completed and XX on-going) were operational in various parts of India with Maharashtra having XX projects in pipeline.

A Promising Future Outlook

With maturing Agri-tech ecosystem, increasing traction from start-ups solving farm gate challenges and adoption of technological developments; analysts at Ken Research estimate an addition of XX Mn MT capacity in next five years with an aggregate capacity of XX Mn MT by 2025. The report concludes with highlighting attractiveness of opportunities at farm-gate level coupled with mitigation of short-term challenges which could result in a sound business model emanating from synergies in value chain ownership.

Key Topics Covered in the Report: -

Snapshot of Agriculture in India (State wise Production statistics of Cereals, Horticulture, Meat, Livestock and Poultry)

Situation of Farmers in India (Profile of Farmer, Role in Value Chain, Problems and Issues faced in storage of produce)

Overview and Segmentation of Cold Storage Units (By Storage Temperature, Technology, Regional & State wise Distribution)

Demand side and Supply side Indicators of Cold Storage Solutions

Growth Drivers and Challenges to growth of Cold Storage Industry

Cold Storage Demand-Supply Profile of Key States – Uttar Pradesh, West Bengal, Gujarat, Punjab and Andhra Pradesh, Maharashtra, J&K and Himachal Pradesh

Trends and Developments

Union and State Government Support to Cold Storage Sector

Impact of COVID-19 and Future Outlook of Industry

Business Attractiveness at Farm gate level

Recommendations for operating Sustainable Business

For More Information, refer to below link:-

India Agricultural Cold Storage Industry

Related Reports:-

India Agritech Market Outlook to FY’2025-By Nature of Services (Input Market Linkage & Farming as a Service, Supply Chain, Post-Harvest Management & Output Market Linkage, Precision Farming, Advisory & Analytics and Agri Fintech)

Business Potential for Cold Storage Facility in JNPT Outlook to FY25 – Driven by increasing Trade of Food Products and Pharmaceuticals along with growth in QSR

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Support@kenresearch.com

+91-9015378249