India EV Charging Equipment Market expected to generate USD 120 Mn owing to surge in government initiatives for development of EV charging infrastructure: Ken Research

Key Findings

• Electric Vehicles (EVs) in India could represent $1.9 Bn opportunity by 2025.
• Surge in government initiatives for development of electric vehicle charging infrastructure through FAME II Initiative to increase the charging points in India in various states.
• Further, limited number of EV charging stations, lack of standardization of EV charging, rise in demand for luxury and feature enabled vehicles, and wireless charging for EVs to have strong impact on the market.

Strong Government Push: The government has increased the budget allocation for FAME II by eight times compared to FAME I. As of January 2020, 2,636 EV chargers have been allotted the incentive in 24 states and union territories, out of which 1633 fast chargers and 1003 slow chargers have been sanctioned. The government is planning to set up at least one EV charging kiosk at around 69,000 petrol pumps across the country to induce people to go for electric mobility.

Electric Vehicle Battery Swapping Market: Battery swapping or battery-as-a-service allows customers to lease batteries as a separate component of the car. The customer can take out the discharged battery and change it with a fully charged one. Battery swapping could address some of the key challenges in electric vehicles, such as the high battery replacement cost, long charging duration, and insufficient charging infrastructure.

EaaS (Energy-as-a-service) as an opportunity for utilities: EaaS companies are buying installing LEDs and solar arrays to EV charging stations for a monthly fee or at a fixed rate per unit of energy consumed.  Ahome charging EaaS subscription service can give customers access to a home charger at an affordable monthly rate & cost savings benefit provided by smart software.

Scaling EV charging infrastructure with focus on interoperability: Interoperability is the open communication and exchange of data between and among devices and/or software systems. It can be a big boon to the EV charging infrastructure. The open exchange of operational data between EV charging stations, network operators, and back-end payment systems is critical to public and private charging infrastructure.

The report titled “India EV Charging Equipment Market Outlook to 2026– Driven by Increasing Adoption of Electric Vehicles along with Implementation of FAME II Policy by Government” provides a comprehensive analysis of the potential of Electric Vehicle Charging Equipment industry in India. The report covers various aspects including the current EV Scenario and charging infrastructure status in India, revenue generated from EV Charging equipment, its segmentations viz Type of Charger – Fast (DC) vs. Slow (AC), Type of Charging Stations, Application (4W vs. 3W vs. 2W), Geographic Distribution, Distribution Channel and By Organized and Unorganized Sector, major trends and development, issues and challenges, government regulations and product analysis. The report concludes with market projections for future of the industry including forecasted industry size by revenue along with analyst recommendations and key market opportunities.

Key Segments Covered in India Electric Vehicle Charging Equipment Market:-

By Type of Charger

Fast (DC Chargers)

Slow (AC Chargers)

By Type of Charging Stations

Portable Chargers

Private Charging

Public Charging

By Distribution Channel

Direct Sales

Indirect Sales

By Organized and Unorganized Sector

Organized

Unorganized

Key Target Audience:-

EV Manufacturers

EV Dealers/Distributors

Fleet Aggregators

Government Agencies

Automobile Consultants

Multiple Unit Dwellings and Transport Infrastructure

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Time Period Captured in the Report:-

Historical Period: FY’2016-FY’2021

Forecast Period: FY’2021-FY’2026

Companies Covered:-

AEIDTH Technologies

Amplify Mobility

ChargeMOD

LUBI EV Solutions

Magenta Power

PlugNGo

ChargeMyGaadi

Delta Electronics

Key Topics Covered in the Report:-

·         Overview of India EV Market

·         Genesis and Overview of India EV Charging Equipment Market

·         Charging Infrastructure for India EV Market

·         India EV Charging Equipment Market Segmentations

·         Overview of Charge Point Operators in India

·         Competition Analysis : Market Share of Charge Point Operators in India, FY’2021

·         Product Landscape of Key Manufacturers (ChargeMOD, AEIDTH Technologies , ABB, Lubi EV Solution, Mass Tech, P2 Power Solution , RRT Electro Power)

·         Government Initiatives and Regulations in India EV Charging Equipment Market

·         SWOT Analysis of EV Charging Equipment Market

·         Key Trends in India EV Charging Equipment Market

·         Issues and Challenges in India EV Charging Equipment Market

·         Impact of COVID 19 on EV sales

·         Outlook and Future Projections for India EV Charging Equipment Market

·         Future Plans on Establishment of Charging Stations in India

·         Recommendations / Success Factors

·         Research Methodology

·         Appendix

For More Information on the research report, refer to below link:-

India EV Charging Equipment Market

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Future Growth of India Steel Wire Rope Market: Ken Research

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The report titled "India Steel Wire Rope Market Outlook to 2023 - by Coating (Plain Black, Galvanized and Others), by Industry Application (Construction and Engineering, Oil & Gas, Mining, Shipping and Others)" provides a comprehensive analysis on the India steel wire rope Market. The report covers various aspects including introduction and genesis to steel wire rope market, market size by value, market segmentation by Domestic and Exports Sales, by coating (Plain Black, Galvanized and Others), by Industry Application (Construction and Engineering, Oil & Gas, Mining, Shipping and Others), by Organized and Unorganized sector, by type of Lay (Regular Lay, Lang Lay and Others) and by Regional Demand (Western, Southern, Northern and Eastern Region). The report has covered major players in India steel wire rope market (Usha Martin Limited, Bharat Wire Ropes Limited, Bedmutha Industries Limited, Aradhya Ropes and Slings Private Limited, Asahi Ropes Private Limited, Orion Ropes Private Limited, Shree Steel Wire Ropes Limited and Mahadev Industries). The report also covers value chain analysis and inspection parameters in India steel wire rope market, government norms and regulations, order procedure of steel wire ropes in India, snapshot on smart city mission and influence on steel wire rope market, export and import trade scenario and analyst recommendation.

This report will help the readers to identify the ongoing trends in the industry and anticipated growth in future depending upon changing industry dynamics in coming years. The report is useful for investors, potential entrants and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.

India Steel Wire Rope Market Size and Overview

The market for steel wire rope is at a matured stage, with a limited number of players dominating the market. Steel Wire ropes are used dynamically for lifting and hosting in applications, and for transmission of mechanical power. Steel Wire Rope industry in India has prospered owing to growth in infrastructure activities and demand in industrial sector. This growth was witnessed majorly due to government initiatives such as Pradhan Mantri Awas Yojana, Atal Mission for Rejuvenation and Urban Transformation (AMRUT), Smart Cities Mission, Delhi Mumbai Industrial Corridor (DMIC) and others. The primary growth drivers for steel wire ropes in India have been infrastructure development, increased industrial activity, enhanced emphasis on shipping and port sector along with growth in the mining industry.

Market Segmentation:

By Domestic and Exports Sales

Domestic sales have contributed the maximum share to the steel wire ropes market in FY'2018. Domestic companies' incapability of meeting international standards has been the proximate reason for fewer sales in the exports market. Usha Martin Limited, Bharat Wire Ropes Limited and Bedmutha Industries Limited cater to the needs of foreign market.

By Industry Application

Engineering and Construction segment has contributed the largest share in terms of revenues in FY'2018 from sales of wire ropes due to increasing government allocation on infrastructure projects like “Housing for All”, AMRUT and Smart Cities Mission. This was followed by the Oil and Gas Industry which contributed second largest share in terms of revenues in FY'2018.

By Wire Coating

Plain Black Carbon Steel Wire Ropes segment has dominated the steel wire rope market in terms of production volume. The cost of black carbon ropes is more economical than galvanized wire ropes by 10-15% as they do not include the additional cost of zinc and associated production processes which appeals to Indian buyers. However, Galvanized steel wire ropes are more durable and hence they are exported to foreign countries or used in coastal areas domestically.

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By Rope Composition

Steel wire ropes use wire rods of black carbon steel, stainless steel or other steel alloys as raw material. There are various sub-segments of the steel types within these umbrella terms. Black carbon steel ropes dominate the market and account for highest production of the total in India steel wire rope market. The black carbon wire ropes are highly versatile and can be uncoated or galvanized. Stainless steel wire ropes are corrosion and rust resistant and are used majorly in marine applications.

By Organized and Unorganized Players

In FY'2018, unorganized players have dominated the market in terms of sales volume followed by organized players. Organized players have a production capacity of more than or equal to 500 tons per annum while un-organized players have a production capacity of less than 500 tons per annum.

By Type of Lay

Regular lay wire ropes dominate the steel wire rope industry due to their versatility and accounted for maximum production of total production of wire ropes in FY'2018. Lang lay wire ropes are used in elevator and mining industries and made up for second largest production, whereas Alternate lay wire ropes accounted for the remaining share of the production volume.

Competitive Landscape

The Indian steel wire rope market is an extremely competitive market due to a mixture of increasing production of manufacturers and declining demand from user industries. The competition is more pronounced in the domestic market, due to a drastic reduction in the number of mines during FY'2015. Usha Martin Ltd. is the leading company in terms of revenues and production volume in India steel wire rope market. Bharat wire is the second largest company followed by Bedmutha Ltd. The other major companies in India steel wire rope market are Aradhya Ropes and Slings Private Limited, Asahi Ropes Private Limited, Orion Ropes Private Limited, Shree Steel Wire Ropes Limited and Mahadev Industries. Majorly the companies are following the two strategies which include increasing premium product portfolio and competing on high volume-low-cost basis for base products.

Future Outlook to India Steel Wire Rope Market

Indian steel wire rope market, in terms of revenue is expected to increase at a single digit CAGR during FY'2018-FY'2023 owing to infrastructure projects like Housing Projects, AMRUT, Smart City Mission and DMIC, along with resurgence in demand due to growth in mining industry as well as Oil and Gas industry. The resurgence in the Oil and Gas industry is expected to increase the number of oil rigs which will further add impetus to the growth of steel wire rope industry. Steel Wire Rope market value majorly depends on growth of end user industries and CAPEX been laid by private and public participants in the market.

Key Topics Covered in the Report

India steel wire rope market introduction

Value chain analysis in India Steel Wire Rope market

India steel wire rope market size by value

India steel wire rope market segmentation by Sales (Domestic and Exports Sales), by coating (Plain Black, Galvanized and Others), by Industry Application (Construction and Engineering, Oil & Gas, Mining, Shipping and Others), by sector (Organized and Un-organized), by type of Lay (Regular Lay, Lang Lay and Others) and by Regional Demand (Western, Southern, Northern and Eastern Region).

Trends and Developments in India steel wire rope market

Issues and challenges in India steel wire rope market

Porter Five Forces for steel wire ropes in India

Order Procedure for steel wire ropes in India

Snapshot on Smart City Mission and influence on steel wire ropes market

Competitive landscape in India steel wire rope market

Company profiling for major players in India steel wire rope market

Government regulation in India steel wire rope market

Export and Import trade scenario

India steel wire rope market future outlook and projections

Analyst Recommendations

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India Steel Wire Rope Market Analysis

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Indian Crypto Exchange Market Research Report, Size, Share, Trends, Demand, Growth, Revenue, Future Outlook, Major Players, Competition, and Forecast 2021–2027: Ken Research

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Indian crypto exchange market is expected to expand with a CAGR of XX% in between FY’22 and FY’27 on the basis of revenue generated. It is anticipated that crypto exchange industry will grow at a substantial rate owing to factors such as transparency in financial payment which is expected to propel the growth of the cryptocurrencies market in the coming years. Digital currencies are created using blockchain technology, which allows multiple entities to keep copies of historic transactions, that means it is not controlled by one central source.  This blockchain technology makes the transaction process of cryptocurrencies a lot more transparent and secure. In the initial stages of the introduction of this technology in the country, the growth was a lot slower as the customers and the users weren’t aware of it. But in the coming years with the initiatives taken by Indian crypto exchange platforms to create awareness about cryptocurrency in the country residents via courses and sessions will lead to ever-increasing user base. With India on the path of proper crypto regulation in coming years ahead, the market will witness surplus funding from venture capitals and angel investors, with major players giving out services regarding the cryptocurrency. For example, Tata Consultancy services (TCS) launched a product called as Quartz Smart Solution for crypto for the banking institutions who are dealing in cryptocurrencies. The market is poised to gain significant traction from increasing women participation in the crypto world

Market Definitions and Assumptions:

• India Crypto Exchange Market : The Indian crypto exchange market is defined as the revenue generated from commissions and transaction fees by the centralized cryptocurrency exchange entities that operate in India and the decentralized cryptocurrency exchanges that have originated their business operations from India.
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• Centralized Exchanges (CEXs): These are the crypto exchanges that are controlled and regulated by the exchange.
• Decentralized Exchanges (DEXs): These are the crypto exchanges that offer a peer-to-peer marketplace that connect buyers and sellers directly without involving intermediaries.
• Non-Fungible Tokens (NFTs): These are the cryptographic assets on a blockchain with unique identification codes and metadata that distinguish them from each other. Unlike cryptocurrencies, they cannot be traded or exchanged at equivalency.
• Decentralized Finance (DeFi): Decentralized Finance is an emerging financial technology based on secure distributed ledgers similar to those used by cryptocurrencies. The system removes the control banks and institutions have on money, financial products, and financial services.
• Crypto Mining: Crypto mining refers to gaining cryptocurrencies by solving cryptographic equations through the use of computers. This process involves validating data blocks and adding transaction records to a public record (ledger) known as a blockchain.
• Blockchain: Blockchain refers to a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain. Each block in the chain contains a number of transactions, and every time a new transaction occurs on the blockchain, a record of that transaction is added to every participant’s ledger.
• Know-Your-Customer (KYC): KYC refers to establishing an individual's identity and address through relevant supporting documents, including photo IDs (for example, PAN card, Aadhar card), In-Person Verification (IPV) and proof of address.
• Anti-Money Laundering (AML): Anti money laundering refers to the web of laws, regulations, and procedures aimed at uncovering efforts to disguise illicit funds as legitimate income.

• Smart Contract: A smart contract refers to a self-executing contract with the terms of the agreement between buyer and seller being directly written into lines of code. The code and the agreements contained therein exist across a distributed, decentralized blockchain network. The code controls the execution, and transactions are trackable and irreversible.
• Central Bank Digital Currency (CBDC): Central bank digital currencies refer to digital tokens, similar to cryptocurrency, issued by a central bank of a respective country. They are pegged to the value of that country's fiat currency.

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Market Sizing Approach:

• Hypothesis Creation: After analyzing the major industry factors a hypothesis is framed about the market size based on reports from magazines, journals, online articles, and government association, company reports, magazines, journals, online articles, industry sources, articles and other industry reports. We have used both public databases and interviews with market experts to define each market and collect data points about the same
• Hypothesis Testing: The research team conducted computer assisted telephonic interviews (CATIs) with several industry professionals such Co-founder, Chief Executive Officers, Partners and Others to collect their insight and industry pattern about Indian Crypto Exchange market.
• Future Forecasting Methodology: The outlook of industry estimated was further sanity checked with respect to the interviews conducted with industry veterans, gym managers and C-level executives regarding all the important parameters of the fitness industry

Market Assessment:

To derive the revenue of the Crypto Market in India, our team followed a streamlined approach which has been described below:

• Primary interviews via Computer Assisted Telephonic Interviews (CATI's) with the Crypto Exchanges professionals to understand their viewpoint on the status of market, new developments, end user perception, understanding the trends and challenges in the sector.
• In this method, interviews are carried out by telephone and are guided by a questionnaire displayed on the screen of a computer. The interviewer records answers via the keyboard to correspond with the pre-coded responses displayed on the screen. The advantage of this method is that, there would be high accuracy as participants can clear their queries related to any questions and we can probe them on answers within the interview on a real time basis which would eliminate any chance of incorrect responses or biasness.
• The interview comprised of both subjective as well as objective questions to understand the industry challenges, growth drivers, price points, overall market scenario and other relevant details.

Limitations and Future Conclusion:

• There might be a case that the chief executives/representatives might be bullish with the numbers. We have cross checked and revalidated the data, collected with our hypothesis and question them on the numbers. But in the end, justification provided by a primary might/might not be satisfactory on the numbers as there is no right mechanism to revalidate their numbers. Henceforth in this scenario, the team has to accept the numbers even though it looks bullish to our/your logical thought process.
• Future growth model has been built on the basis of future developments and opinions received from key industry veterans of the market. The analysts at Ken Research have run a sanity check and followed by subjective analysis.
• The analysts have obtained certain data points from official sources of government and related bodies. In case where the data is not updated, team has quoted the historical statistics wherever applicable.
• The conclusion regarding the expected value of Indian Crypto Exchange Market is determined by using weighted average of the output of subjective judgment, primary research and opinions polls. The weighted average method enables us to filter out the possible noise in each computation method and helps us to derive the best possible future projections.

For more information on the research report, refer to below link:

Indian Crypto Exchange Market Trends and Developments

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Future Growth of India Edible Oil Market: Ken Research

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The report titled "India Edible Oil Market Outlook to 2022 - Growth in Organized Sector and Out-of-Home Eating Trend to Drive Future Demand" provides a comprehensive analysis of edible oil market in India. The report focuses on various aspects such as India edible oil market size by revenue, sales and production volume and market segmentation by sector and geography. The report covers a detailed overview on trade scenario for edible oil with other countries. The report also describes about major trends and developments, issues and challenges and government role and initiatives that have influenced the market to a large extent. This publication helps the readers to understand the value chain analysis in the edible oil market as well as recent developments related to edible oil market. Competition prevailing in the sector along with detailed company profiles has been thoroughly covered in the section. The report concludes with market projections for future and analyst recommendation highlighting the major opportunities and cautions.

Edible Oil Market in India

India edible oil market increased from ~ MMT in FY'2012 to ~ MMT in FY'2017 registering a five-year CAGR of ~%. The market registered constant increase in demand in terms of volume between FY'2012 to FY'2016 before declining to ~ MMT in FY'2017. In terms of value, the market increased from INR ~ billion in FY'2012 to ~ billion in FY'2017 registering five-year CAGR of ~% during the period. Revenue generation fluctuated from year to year due to fluctuating prices in the international commodities market. Even though imports dominate the market, production of edible oil domestically has declined over the years from ~ MMT in FY'2012 to ~ MMT in FY'2017.

India Edible Oil Market Segmentation

Palm oil consumption leads the market with more than ~ consumption in FY'2017. Total consumption estimated at ~ million metric tons including import and domestic production excluding exports. Import constitutes more than ~% of the total consumption. Soybean is the second largest edible oil segment in demand with high dependence on import. Total consumption of soybean oil declined in FY'2017 to ~ million tons. Mustard oil managed to be the third most consumed oil as it is second oil in most of the houses especially in the northern, eastern and western India. Sunflower oil demand in India has shown rise in the demand in last few years increasing from ~% in FY'2012 to ~% in FY'2017. Cotton seed oil is mostly produced in the country with majority of the demand coming the northern part of the country. Gujarat is the key state where cotton seed oil is consumed. It shares has declined over the years from ~% in FY'2012 to ~% in FY'2017. Other oils which include rice bran, coconut, olive oil and many others constituted the remaining share.

Major Emerging Oils Category

Soybean Oil: Market for Soybean oil increased from INR ~ billion in FY'2015 to INR ~ billion in FY' 2017. Northern part of the country was the largest consumer of soybean oil in the country accounting for ~% of the total sales volume. Western part with ~% market share was second largest consumer followed by east (~%) and South (~%). Organized sector constituted for ~% of the total sales. Adani is the leading player in India soybean oil sector with a staggering ~% market share. In short term outlook, the Soybean oil industry is expected to grow at a moderate rate due to fluctuation in Soybean oil pricing in the international market registering a 5 year CAGR of ~% in FY'2017 to FY'2022.

Mustard Oil: Market for Mustard oil decreased from INR ~ billion in FY'2012 to INR ~ billion in FY' 2017. Its consumption has increased from ~ MMT in FY'2012 to ~ MMT in FY'2017. Domestic production during the same period declined from ~ thousand tons to ~ thousand tons. Eastern part of the country was the largest consumer of soybean oil in the country accounting for ~% of the total sales volume. Northern part with ~% market share was second largest consumer followed by west (~%) and South (~%). Organized sector constituted for ~% of the total sales. Adani is the leading player in India mustard oil sector with more than quarter (~%) of market share. In short term outlook, the mustard oil industry is expected to grow at a low rate due to fluctuation in sown area in domestic farm market registering a 5-year CAGR of ~% in FY'2017 to FY'2022.

Sunflower Oil: Market increased from INR ~ billion in FY'2012 to INR ~ billion in FY'2017 registering a five-year CAGR of ~%. In terms of volume, the sales increased from ~ thousand tons to ~ thousand tons in FY'2017. Southern part of the India was the major consumer of sunflower oil in India with ~% of the sales volume. Market share of unorganized sector is low accounting for ~%. Kaleesuwari was the leading player in sunflower oil in India constituting ~% of the total sales in organized sector. Cargill was the second largest player with sales volume of ~ thousand tons. Demand for sunflower oil is expected to increase from ~ MMT to ~ MMT during FY'2017-FY'2022 registering a five-year CAGR of ~%.

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Olive Oil: In FY'2017 it was estimated at INR ~ Million. In terms of sales volume, it has more than doubled between FY'2012 to FY'2017 increasing ~ thousand tons to ~ thousand tons. Northern and Western part of India was the major consumers of olive oil in India each region accounted for ~% (~ thousand tons) of the market share each. Delhi and Mumbai were the two key cities consuming most of the demand in the region. Smaller bottles of olive oil constitute an estimated ~% (~ tons) of the total demand for olive oil. Large packs generate maximum sales volume constituting ~% (~ Tons) of the total sales volume. In FY'2017, Borges was the leading company in India olive oil market with the market share of ~% (~thousand tons) across modern trade chains through which majority of the olive oil is distributed. Leonardo is the second most popular brand in the olive oil segment. Total estimated sales volume will increase from ~ thousand tons in FY'2018 to ~ thousand tons in FY'2022.

Ground Nut Oil: Market for ground nut oil declined between FY'2012 to FY'2013. It declined from INR ~ billion in FY'2012 to INR ~ billion in FY'2014. Revenue generation increased from INR ~ billion in FY'2015 to INR ~ billion FY'2017. Production of ground nut oil declined in FY'2016 and bounced back in FY'2017 to ~ MMT. Organized sector constitutes an estimated ~% of the ground nut oil market. Consumption of ground nut oil in India is expected to increase from ~ thousand tons to ~ thousand tons registering a CAGR of ~% during FY'2017-2022.

Rice Bran Oil: Market in terms of revenue increased from INR ~ billion in FY'2015 to INR ~ billion in FY'2017. During the same period the production of rice bran increased from ~ thousand tons to ~ thousand tons. Northern region consumed ~% of the total rice bran oil demand in India with Uttar Pradesh leading the consumption. Western part was the second highest consumer creating a demand of ~ thousand tons. Eastern part constituted only ~%. Sathi, Healthy heart, Nature Pure, Ricela, Fortune, Porna, Dhara, Orysa, Riso, Tandul, Priya were some key brands active in the market.

Future Outlook to Edible Oil Market in India

It is expected that future demand for edible oil will register a constant increase. The market will increase from ~ million metric tons in FY'2018 to ~ million metric tons in FY'2022. Growth will be mainly driven by increased demand for our home consumption and rising population especially in urban areas. Entry of new players such as Mahindra, Cofco, Patanjali will further boost the market.

Key Topics Covered in the Report

India Edible Oil Market Introduction, Market Size by Revenue, Sales Volume, Production Volume.

Value Chain Analysis

Growth Drivers, issues and Challenges, Government Rules and Regulations

Snapshot on Palm oil market including market size, market segmentation, external trade, future outlook.

Snapshot on Soybean oil market including market size, market segmentation, external trade, future outlook.

Snapshot on Mustard oil market including market size, market segmentation, external trade, future outlook.

Snapshot on Sunflower oil market including market size, market segmentation, external trade, future outlook.

Snapshot on Coconut oil market including market size, market segmentation, external trade, future outlook.

Snapshot on Cotton Seed oil market including market size, market segmentation, external trade, future outlook.

Snapshot on Rice Bran oil market including market size, market segmentation, external trade, future outlook.

Snapshot on Olive oil market including market size, market segmentation, external trade, future outlook.

Snapshot on Ground Nut oil market including market size, market segmentation, external trade, future outlook.

Snapshot on blended oil.

Future Outlook of India Edible oil market

Competitive Landscape of Major Players

Analyst Recommendation

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India Edible Oil Market Analysis

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Blockchain in the Supply Chain Market Driven By Rising Interest in Enhanced Security: Ken Research

 Market Overview

The global blockchain in the supply chain market is being driven by the developing interest for supply chain accountability and upgraded assurance of supply chain transactions. The advantages given by the blockchain in the supply chain, like cost reduction, provenance screening, and staying away from confounded record-keeping and stock tracking, are boosting market growth. Moreover, the rising need to remove mediators by automating supply chain operations and the surfacing of IoT is supposed to give rewarding learning experiences to the blockchain in the supply chain market.

The rising prominence of blockchain innovation in retail and SCM, the requirement for supply chain transparency, and the rising interest for upgraded assurance of supply chain transactions are the main consideration in driving the blockchain in the supply chain market.

Report Analysis

According to the research report, “Blockchain in Supply Chain Market By Providers (Application Providers, Middleware Providers, Infrastructure Providers), Applications (Provenance Tracking, Payment & Settlement, Smart Contracts, Inventory Management, Counterfeit Detection, Compliance Management), Verticals (Retail & e-Commerce, Manufacturing, Healthcare & Life Sciences, Logistics, Oil & Gas), and Regions (North America, Europe, APAC, and Row) - Global Forecast up to 2025” demonstrates that the Blockchain applications for the supply chain are based on consent records that are constrained by certain excavators, which improves security and recognizability. The market is supposed to grow as a few IT players, as well as start-ups, have started promising pilot projects.

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Segmentation

The blockchain in the supply chain market is categorized into three segments –

By Providers

On the basis of blockchain in supply chain market providers analysis, there are three major providers namely Application Providers, Middleware Providers, and Infrastructure Providers. Among these providers, the application providers segment is estimated to hold the largest market share and is expected to witness significant growth at the highest CAGR as application suppliers are the entities that are generally specialized in different protocol execution.

By Applications

In view of Application, the market is divided into Supply Chain Management, Payments, Identity Management, Smart Contracts, Governance, Risk, & Compliance Management, and Others. Smart contracts cut down the conceivable outcomes of events of risk by confirming, storing, and executing definitive norms utilizing blockchain technology that decentralizes the obligation and commitment of the agreements. Further, these agreements empower included gatherings to access and screen regulated agreements that end the possibilities of data setback & coercion and lessen the utilitarian cost & time, which prompts an extension in the dependability on the framework.

By Verticals

On the basis of blockchain in supply chain market verticals assessment, the verticals incorporate Retail & e-commerce, manufacturing, medical services & life sciences, logistics, oil & gas, and some others. As per analysis, the retail & e-commerce segment should hold the biggest market share, and the medical services & life sciences segment is anticipated to develop at the most elevated CAGR during the forecast time frame.

By Regions

As per the blockchain in supply chain industry analysis, North America represented the biggest share of the worldwide blockchain in the supply chain market. Key players, such as IBM and Microsoft, keep on putting resources into blockchain technology. Bumble Bee Foods, one of the popular seafood companies in North America, is utilizing blockchain technology for product discernibility. The Asia Pacific region is expected to observe the quickest growth rate because of expanded interest in blockchain-based corporations.

Future Outlook

In the upcoming years, it is predicted that the blockchain in the supply chain market will offer great market sizing and growth prospects for the forecast period as this industry provides many advantages, including greater extensibility, and enhanced lucidity & safety. This industry is adding more trust and straightforwardness among the members, bringing about better supply chain proficiency. The powerful idea of the business environment in the ongoing worldwide economy is raising the need among business experts to refresh themselves with current circumstances on the lookout.

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Global Blockchain in Supply Chain Market

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Global Blockchain Supply chain Market 2019 by Company, Regions, Type and Application, Forecast to 2024

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Asia Pacific Digital Advertising Market Growth is driven by Growth in Digital Ad Spending: Ken Research

 According to the report analysis, ‘Asia Pacific Digital Advertising Market 2021-2031 by Platform (Mobile, Desktop, Digital TV and Others), Format (Digital Display Ad, Internet Paid Search, Social Media, Online Video, Others), Industry Vertical, and Country: Growth Opportunity and Business Strategy’ states that Asia Pacific digital advertising market is estimated to rise during the near future due to the significant augment in the technological advancements, augment in the digital ad spending, increase in the number of internet users, and the developing prevalence of mobile phones and the digital media around region.

Alibaba, Amazon, Apple Inc., Applovin Corporation, Baidu, Facebook Inc., Google, Inc., Microsoft Corporation, Nokia, Sina, Tencent, Twitter, Verizon, Yahoo! Inc. and many more are the key companies which presently working in the Asia Pacific digital advertising market more efficiently for registering the great value of market share, leading the highest market growth, keep maintaining the governing position, generating the highest percentage of revenue and ruling around the globe by implementing the policies of profit making and strategies of expansion, delivering the better customer satisfaction, decreasing the associated prices of such, spreading the awareness connected to the applications and advantages of digital advertising, increasing the features and benefits of digital advertising, improving the qualitative and quantitative measures of such, analysing the strategies and policies of government as well as contenders, and establishing the several research and development programs.

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In addition, the augmented reality (AR) and virtual reality (VR) are often concerned as the two most imperative technology platforms around the globe for marketing enterprises. These platforms deliver the innovative manners for advertising approaches and enhance employees’ practical knowledge, enabling them to think creatively, as the result, they predicted to become an imperative market trend during the future.

Although, VR plays a proficient role in bridging the gap between experience and action while proposing the digital experience to encourage the products and services. VR transformations the relationship between brands and clients, as individuals seek VR brand experiences rather than utilizing the ad blockers, thus growing mobile advertisements accepting the VR in the international market.

The increasing implementation of location-based services is propelling the market growth. Location-based marketing utilizes the mobile device users’ past and present locations to show the relevant content. The effective growth in the advertisement spending around the world is the primary aspect assisting the market growth. Brands and business are making the huge investments in marketing and advertising to improve the customer base and their brand awareness.

The foremost players and brands in the Asia Pacific region are being propelled by the large target audience in the region to market and encourage their content, products and services online, which in turn is propelling the growth of the digital marketing industry. The effective growth in number of end-users in Asia Pacific for online shopping is also projected to open broader opportunities for advertisers to encourage their products online, thereby, augmenting the regional market growth.

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Asia Pacific Digital Advertising Market

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Asia Pacific Digital Advertising Market 2020-2026 by Platform, Ad Format, Industry Vertical, and Country: COVID-19 Impact and Growth Opportunity

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UAE 3D Printing Market Competition, Size and Research Report 2022 Under COVID-19, Top Key Players, Future Strategies, CAGR Status, Competitive Landscape and Forecast to 2026: Ken Research

How is the 3D Printing Market positioned in UAE?

UAE 3D Printing Market Overview:

3D printing as a technology has its roots dating back to 1981 however in UAE the market quickly picked up pace because of progressive policies by the UAE government. 3D printing has been majorly dominated by the rapid and functional prototyping and due to which, in near future it is anticipated that industries such as Automobile, Healthcare, Aerospace and others will be leading the development of the 3D printing industry.

The UAE 3D printing market has increased at a double-digit CAGR during the period 2016– 2021P. The growth is attributed to various policies suggested by the government since 2016 to support the growth of the 3D printing industry. Restrictions on free trade and imports in UAE due to Covid-19 contributed to the initiation of local manufacturing of the products using 3D printing technology. The intensification in the global research and development in 3D printing has led the technology to achieve new innovations, making it easier for use by a layman.

UAE 3D Printing Market Future Outlook:

By Component:

The current trend in the industry is towards the 3D Printing service providers, followed by the ownership of printers. Technology advancement in the future is inevitable, and with further advancement, the technology will become more efficient and widely used. This will lead to an increased ownership of 3D printers in the future, and hence reduce the reliability of individuals on 3D printing service providers.

By Application:

Prototyping is currently the most widely used application of 3D printing in UAE as majority of the products being created are still in the modelling phase. For example, 3D printing for construction purpose is still being tested majorly for research purposes at the moment, and have not been commercially been rolled out by companies.  However, in the coming years, it is anticipated that these prototypes may even shift to the manufacturing or the tooling processes

By End User:

The Covid-19 pandemic came in as a game-changer for UAE. From being totally reliant on imports for most of the products, they were left with no option but to manufacture amidst the international trade bans, and travel restrictions. UAE 3D Printing Companies started to produce masks, face shields, and more healthcare related equipment to support the increasing demands of such products during the pandemic, leading to healthcare segment utilizing 3D Printing technology the most, followed by Machinery, Consumer goods and aerospace industry.

By 3D Printing Technology:

FDM Technology is the most widely used technology in the 3D Printing space at the moment, in volume. However, when it comes to value, there is no clear winner. New and upcoming technologies like WASP, Color jet printers might overpower the existing FDM Technology.

By Material:

Currently, Polymers is the material that is primarily used for prototyping, hence, is the most common material being used for 3D Printing in UAE. Over the period of years, as the primary use of 3D Printing shifts from prototyping to manufacturing, materials like metals would become more prevalent for the 3D Printing technology.

By Region:

Over the period of years, Dubai has become the technological hub in UAE. Dubai has been the clear leader among the other Emirates, when it comes to 3D printing. Most of the regional companies, are based out in Dubai, providing easy access to the local population to such technologies.

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UAE 3D Printing Market Competitive Landscape:

The industry is currently highly fragmented with presence of ~250 global players and ~80 regional players operating in the 3D Printing space in UAE. The Global Players like 3D Systems Corporation, Stratasys Ltd, SLM Solutions Group, Materialise NV and others are currently leading the market as these companies have been able to establish themselves in the market due to their capability of introducing technological advancements to the 3D Printing Industry.

What is the future of UAE 3D Printing Market?

The UAE 3D printing market is expected to witness positive growth at a double-digit CAGR over the forecast period, 2021P-2026F. Technological Advancement will be seen in the industry such as, new and upcoming technologies like WASP & color jet printers might overpower the existing FDM Technology in the 3D Printing industry. Over the forecasted period, it is predicted that the application of 3D Printing will shift from prototyping to manufacturing, and there will be a significant change in the type of materials that are used for the 3D Printing Technology.

Key Factors Considered in the Report

·         Executive Summary

·         Jumbo 3D Printing Manufacturing company in UAE

·         UAE 3D Printing Market Flowchart

·         Difference between Traditional Manufacturing and Additive Manufacturing

·         Value Chain Analysis

·         Ecosystem for the 3D Printing Market

·         Business Cycle for the 3D Printing Market

·         Global Patent Analysis

·         3D printing Market Size, 2016 - 2021P

·         3D printing Market Size, 2021P- 2026F

·         UAE 3D Printing Market Segmentation, 2021 & 2026

·         Growth Drivers, Trends and Developments

·         SWOT Analysis

·         Government Regulations for the 3D Printing Market

·         Competitive Landscape – Cross Comparison of Major Players

·         Company Profiles

·         Analyst Recommendations

·         Research Methodology

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Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

support@kenresearch.com

+91-9015378249