India’s Data Centre & Cloud services Market is expected to grow at a CAGR of 11% by 2024. Will the Projections justify the growth rate? Ken Research

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India’s Data Center & Cloud services Market is expected to grow at a CAGR of 11% by 2024. Will the Projections justify the growth rate? Ken Research

A massive market opportunity of $2000 Mn is present for the Data Center & Cloud service market in India owing to government initiatives, increasing investment & cloud adoption, says a report by Ken Research

1. Government Initiatives to Bridge Gaps in Data Center Industry via heavy investment for development of DC & Cloud Services in India

Click to Read Full Article: India Data Center and Cloud Services Market

The GOI is currently focused on improving the data center & cloud services infrastructure. Agencies such as NITI Aayog have been participating actively & drafting appropriate policies for market development. NITI Aayog has drawn up a plan for creating an institutional framework for artificial intelligence (AI) in the country in the year 2019. It has circulated a cabinet note to provide INR 7,500 Cr in funding for creation of cloud computing platform called AIRAWAT and research institutes. The INR 7,500 Cr investment is for a period of 3 years to boost the research & adoption. Other such initiatives include ‘National Digital Communication Policy’.

2. “Investment scenario getting a boost:’ India Data Center & Cloud services Market is getting massive investment boost & emergence of new startups”

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Various companies operating in the India Data Center & Cloud Services market are getting massive investment influx owing to government regulations & the infrastructure development. For instance, Amazon has recently decided to invest $3 Bn to build its second data center region in India. Moreover, Alibaba Cloud is also building its first data center in India. All in all, the market is currently growing at a robust rate with startups & companies showing interest in entering the India market owing to vast opportunities.

3. India is expected to be the hub for data Center market growth in the upcoming years owing to massive investment flow.

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India is witnessing an increased investments from the co-location providers such as CtrlS, Netmagic, Siffy, STT GDC India, Nxtra and Others. The country is to witness a surge in the demand for the data center services owing to the rising data in the country with a higher adoption of digitalization by various industries in next few years. Moreover, the emergence of 5G technology in India is likely to grow the adoption of IoT-enabled products in the Indian market further contributing to the development of data center industry. All in all, a robust growth is expected in the upcoming years.

Netherlands EV Equipment Market generated over USD 500 Mn in 2022. Will Netherland support the EV Equipment Market growth trajectory? Ken Research

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1.  The Netherlands is among the leaders in electric mobility in Europe

Click to know: Trends and Developments in Netherlands Electric Vehicle Equipment Market

The Netherlands is among the leaders in electric mobility in Europe. After Norway, Iceland, and Sweden, the Netherlands has 4th highest electric vehicle share in its passenger car fleet. 8.2 percent of the country's car fleet was electric hybrid in 2021, and 2.8 percent was fully electric.

The Netherlands has one of the lowest numbers of EVs per public EV charge point in the world while having the highest number of public chargers installed per capita and per square Kilometer also the cheapest country to charge an EV in Europe the Netherlands, averaging only €2.74 a charge and just over €1 to drive 100kms.

2. Netherlands international electric transport partnerships

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A joint international research and knowledge exchange of 18 member countries. Its goal is to advance electric transport. Countries collaborate on shared projects to better understand and address EV deployment challenges and provide guidance to policy makers. A partnership between countries, cities/regions, and companies. Its goal is to speed up the shift towards a net-zero emission transport system before 2050. Currently it has 32 members and the Netherlands is an active member of the TDA.

3. Charge Point Operators are responsible for setting up, managing and operating a network of EV charging points for public or private use

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• CPO’s may own the EV chargers or may operate the chargers on behalf of the charge point owners.
• The tasks of a charge point operator can be broken down into two categories:-
  • Operational – purchasing charge stations, installing hardware and maintaining the network connection.
  • Commercial – setting prices for charging infrastructure use and managing the connection to e-mobility service providers.

Major Players Mentioned in the Report:-

Vattenfall

Total Energies

Alfen

Allego

Fastned

New Motion

Tritium

EVIT

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report:-

Electricity Supplier

EV Manufacturers

EV Charging Equipment Manufacturers

EV Charging System Operator

Demand side Transport Operators

Government Bodies

Time Period Captured in the Report:-

Historical Period: 2017-2022

Base Period: 2022

Forecast Period: 2022-2027

For more insights on market intelligence, refer to the link below: –

Netherlands EV Charging Equipment Market

Related Reports by Ken Research: –

UK EV Charging Equipment Market Outlook to 2027

USA EV & EV Charging Equipment Market Outlook to 2027

KSA EV Charging Equipment Market Outlook to 2027F

Global Fiber Glass Market is expected to reach ~USD 20 Bn by 2028F: Ken Research

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Global Fiber Glass Market By Application

The Global Fiber Glass market is segmented by Application into Composites and Insulation.

The composites segment held the largest market share in the global fiber glass market in 2022, due to the rising automotive and construction industries.

The fiber glass composite materials help make automotive structures lighter in weight and exhibit high strength. With the rising environmental concerns, there is an increasing demand for lightweight composite materials across numerous industries for reducing carbon footprints.

Growing focus on the production of lightweight vehicles is driving the usage of fiberglass composites in the automotive industry.

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Global Fiber Glass Market By Geography

The Global Fiber Glass market is segmented by geography into North America, Europe, Asia- pacific and LAMEA.

Asia Pacific held the largest market share among all other regions within the global fiber glass market in 2022, due to the growing demand for eco-friendly products that have led to technological advancements to augment the growth of the region.

The Asia Pacific is the largest consumer and producer of fiberglass owing to the presence of rapidly growing economies in the region such as China and India. Factors, such as the rising population, are likely to be the major drivers for the market in this region.

The rising disposable income coupled with the presence of key players in the Asia Pacific is likely to drive the regional market over the forecast period.

Competition Scenario in Global Fiber Glass Market

The Global Fiber Glass Market is highly competitive with ~150 players, including globally diversified players, regional players, and many country-niche players. Most of the regional players are the developers of Fiber Glass used in various end-user industries.

Country-niche players constitute ~35% of the total number of competitors, while regional players dominate representing ~50% of total competitors. Some of the major players in the market include ASAHI FIBER GLASS Co., Ltd., 3B - the fiberglass company, China Jushi Co., Ltd., Johns Manville, Knauf Insulation, Nippon Electric Glass Co. Ltd., Owens Corning, Saint-Gobain, xingtai jinniu fb glass, Taiwan Glass Industry Corporation, among others.

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What is the Expected Future Outlook for the Overall Global FIBER GLASS Market Across the globe?

The Global Fiber Glass market was valued at USD ~billion in 2022 and is anticipated to reach USD ~20 billion by the end of 2028, witnessing a CAGR of ~% during the forecast period 2022-2028. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The Global Fiber Glass market is driven by the expansion of the construction sector. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

With the increasing collaboration and emergence of new products, the Global Fiber Glass market is changing rapidly. For instance, In January 2022, Therma-Tru, a renowned name in the door industry, announced the launch of its new sustainability-driven social initiative. Therma-Tru is known for its fiberglass door offerings that are made from 95% recycled content, and these sustainable offerings account for nearly half of its total fiberglass product portfolio.

In November 2021, Taishan Fiberglass Inc. invested US$ 250 million in the establishment of a Greenfield fiber manufacturing plant in Gujarat, India. With this plant, the company served the markets of India and the Middle East.

In July 2021, Owens Corning acquired Vliepa GmbH to broaden its non-woven product catalogue aimed to serve the building and construction sector in the European region.

The Global Fiber Glass Market witnessed a negative impact due to COVID-19 owing to the strict regulations in several countries that temporarily halted all types of processes and shut down all the major industries. E-Glass type is the most common type of fiber glass among other types such as S-glass, ECR-glass, H-glass, and AR-glass. Majorly, the fiber glass is used in composites that can further be utilized in various end-use industries such as automotive, building & construction, aerospace & defense, marine, sports & leisure, pipe & tank, and others. Though the market is competitive with over ~150 participants, regional players control the dominant share in the market and country-niche players also hold a significant share.

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Key Topics Covered in the Report

• Snapshot of Global Fiber Glass Market
• Industry Value Chain and Ecosystem Analysis
• Market size and Segmentation of the Global Fiber Glass Market
• Historic Growth of Overall Global Fiber Glass Market and Segments
• Competition Scenario of the Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of Global Fiber Glass Industry
• Overview, Product Offerings, Strengths, & Weaknesses of Key Competitors
• Covid-19 Impact on the Overall Global Fiber Glass Market
• Future Market Forecast and Growth Rates of the Total Global Fiber Glass Market and Segments
• Analysis of Global Fiber Glass Market
• Major Production/Supply and Consumption/Demand Hubs within Each Region
• Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
• Overview of Notable Emerging Competitor Companies within Each Region

Notable Key Players Mentioned in the Report

• Asahi Fiber Glass Co., Ltd.
• 3B - the fibreglass company
• China Jushi Co., Ltd.
• Johns Manville
• Knauf Insulation
• Nippon Electric Glass Co.,Ltd.
• Owens Corning
• Saint-Gobain
• xingtai jinniu fb glass
• Taiwan Glass Industry Corporation

Notable Emerging Companies Mentioned in the Report

• Fureho AB
• Spintex Engineering Ltd.
• Darshan Safety Zone
• Fibtex Products
• Smartshield Insulation

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

• Fiber Glass Manufacturers
• Fiber Glass Suppliers
• E-Glass Manufacturers
• ECR-Glass Manufacturers
• H-Glass Manufacturers
• AR-Glass Manufacturers
• S-Glass Manufacturers
• Fiber Glass Distributors
• Emerging and Startup Companies in Fiber Glass
• Government Departments of Polymers
• Ministries and Departments of Plastics
• Importers and Distributors of Fiber Glass

Period Captured in the Report

• Historical Period: 2017-2021
• Forecast Period: 2022E-2028F

For More Insights On Market Intelligence, Refer To The Link Below: –

Global Fiber Glass Market

Singapore Logistics Market is currently valued at 25 Bn SGD in 2022. Will Singapore continue this growth trajectory in future? : Ken Research

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1. Growing Demand in Singapore's E-Commerce Sector

Click to know: Major Players in Singapore Logistics Market

The demand in e-commerce sector in Singapore was exponential and the e commerce GMV grew from $2.5 Bn in 2019 to $6.2 Bn in 2022 this paved path for the growth of logistics market. E-commerce companies invested in new technologies and explored new ways to fulfilling the demand in the market.

Shopee was the most frequently visited e-commerce site in the fourth quarter of 2021, according to the Price group, with 16.15 Mn monthly online visitors. Shopee is followed by the Singapore-based online retailers Lazada and Amazon with 9.2 and 5.2 million visitors, respectively.

Singapore, which has a population of 5.87 million people, is a digitally literate nation with an internet penetration rate of 88.9% and a financial inclusion rate of 97.9%. Additionally, according to the Ministry of Trade and Industry, as of 2021, about 52.3% of all Singaporeans had made an online purchase, indicating an increase in the adoption of e-commerce businesses. The business services sector, which made up about 3.6% of all e-commerce trade in 2019, had the smallest share of the market.

2. Government Assistance to the Logistics Sector

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• Singapore’s announced the launch of an S$ 18 Mn Supply Chain 4.0 Initiative in 2021.
• Aims to integrate more technology to assist SMEs.
• Singapore launched the Singapore Trade Data Exchange (SGTraDex) in mid-2021 and facilitates the secure sharing of data between supply chain ecosystem partners through a common data highway.
• The ITM is a government-led initiative aimed at driving the transformation and growth of the logistics and supply chain industry in Singapore.
• The ITM aims to accelerate the adoption of digital technologies, such as automation and artificial intelligence, and to enhance the productivity and competitiveness of the sector.
• The Productivity Solutions Grant (PSG) supports companies keen on adopting IT solutions and equipment to enhance business processes.
• PSG covers sector-specific solutions including the retail, food, logistics, precision engineering, construction and landscaping industries.

Major Players Mentioned in the Report:

• Poh Tiong Choon Logistics Limited
• CWT Pte Ltd.
• CEVA Logistics Singapore Pte Ltd
• Geodis Singapore Pte Ltd1
• DHL Express (Singapore) Pte Ltd
• DSV
• Yusen Logistics (Singapore) Pte Ltd.
• YCH Group Pte Ltd
• Yamato Transport (S) Pte Ltd
• Federal Express (Singapore) Pte Ltd
• ACW Logistics Pte Ltd
• Singapore Post Limited
• Richland Logistics Services Pte Ltd
• Storbest SSHK Cold Logistics
• Global Cold Chain Solutions1
• ST Logistics

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report:

• E-commerce Companies
• Third-Party Logistic Providers
• Potential Market Entrants
• Freight Forwarding Companies
• Warehousing Companies
• Cold Storage Companies
• Industry Associations
• Consulting Agencies
• Government Bodies & Regulating Authorities

Time Period Captured in the Report:

• Historical Period: 2019-2022
• Base Year: 2022
• Forecast Period: 2022-2028

For more insights on market intelligence, refer to the link below: –

Singapore Logistics Industry

Related Reports by Ken Research: –

USA Logistics Industry Outlook to 2026

Australia Logistics Market Outlook to 2025

India’s water Purifier Market has shown a robust growth rate of 12% since 2017 owing to schemes like JJJ. Will the growth sustain? Ken Research

 Rising urbanization levels & favorable infrastructure is expected to drive the market in the upcoming years growing at a CAGR of 15%, says a report by Ken Research

1. India Water Purifier Market is witnessing government regulations with the aim of increasing clean drinking water accessibility to every household.

Click to Read Full Article: India Water Purifier Market

The GOI, after seeing the need for clean drinking water in every Indian Household has implemented certain schemes to overlook the market growth. For instance, schemes such as The Ministry of Jal Shakti, Govt. of India has implemented National Rural Water Development Program (NRWDP) in order to improve the supply of quality drinking water in different parts of Rural India. Other such schemes include, Jal Jeevan Mission (JJJ) & The government’s rural e-governance initiative — Common Service Centers (CSCs) which will now launch a pilot project to provide clean and safe drinking water in 50 villages, following which it will rope in village-level entrepreneurs (VLEs) to set up water filtration plants in 1 lakh villages in the country.

2. “Investment scenario getting a boost:’ India’s Water Purifier Market is getting massive investment boost & emergence of new startups.

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Various companies operating in the India Water purifier market are getting massive investment influx owing to government regulations & the infrastructure development. For instance, Second nature $16 Mn for healthy home subscription products like air & water filter. All in all, the market is currently growing at a robust rate with startups & companies updating their operating policies & services being offered to customers.

3. UAE Car Rental Market to witness a robust growth owing to favorable government policies, rising health consciousness amongst people & rising investment scenario.

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India’s Water Purifier Market is expected to grow at a Robust rate owing to rising health consciousness amongst people, rising urbanization levels & rising investment. As the penetration is increasing the market is becoming attractive for new consumer durable companies for entering the market. Companies such as Blue Star, Havells and others entered the market during the review period. We can see more players entering the market and established players acquiring the small players.

 

Growing Green: Indonesia Government initiatives give an edge to the Agriculture Equipment Market to grow in Indonesia: Ken Research

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Agriculture has been the backbone of Indonesia’s economy and agriculture equipment is one of the important aspects of the farming industry. The agriculture equipment sector is growing at a CAGR of ~9 between 2014 and 2020, as per the Ken Research report. However, the market was impacted by the global pandemic.

Here is a glimpse of the Indonesian agriculture industry and a deep insight into the country’s government schemes to promote the growth of the sector.

1) With ~57 Mn Ha of Agricultural Lands, farming has long been the backbone of Indonesia’s economy

2) Among APEC member economies, Indonesia has relatively high Contribution of Agriculture to its GDP

3) The digital disruption in the agriculture equipment market is opening new opportunities in the country

4) However, the pandemic Impacted the growth of the Indonesia Agriculture Equipment industry; Supply Chain and Farm Operations Disruption were the major impacts of Covid-19

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5) The market soon picked up pace owing to the Rising Population and Government push for Mechanization in the country

6) Government Initiatives, Support Schemes, and After-Sales Support Policies to Drive Market Value and Volume of the Indonesia Agriculture Equipment Market in the Future

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Indonesia Agriculture Equipment Market

Brazil medical device market is expected to register growth at CAGR of 6% in terms of revenue by 2025- What measures can be undertaken to drive the industry’s growth?

 In future, it is anticipated that Brazil’s overall healthcare expenditure will increase, supported by increased investments in the country’s universal and public healthcare system, says a report by Ken Research.

1. Rising demand for priority medical devices for the first level of care in Brazil medical device market.

                       

Global trends in Brazil medical device Industry

The medical device manufacturing companies in Brazil are largely focusing on high end technology driven products. Moreover, with the prevalence of lifestyle diseases such as diabetes, stroke and chronic diseases such as HIV, Tuberculosis, the hospitals and specialized clinics require advanced and priority medical devices. The demand of these devices is growing majorly in the cities of Southeast region such as Sao Paulo and Rio de Janeiro largely due to the strong infrastructure support for the installation and accessibility of these medical devices.

2. Artificial Intelligence is leading to developments in the Medical Devices Market of Brazil.

                            

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The Brazilian medical segment is focused on areas that include technological innovations such as the practice of telemedicine, the application of artificial intelligence in diagnosis and the digitization of the patient's health history.

The use of artificial intelligence is one of the major trends which have positively impacted the medical device industry of the country. World Bank study shows that the use of the application of Artificial Intelligence to the analysis of electronic medical records could save BRL 22 Bn by avoiding unnecessary repetition of tests and treatments in Brazil. In addition, such technology improves turnaround time for patient testing and using predictive analytics on the basis of historical patient data can improve clinical outcome.

3. Cross Comparison of Imports and Local Production on the Basis of Major Exporting and Importing Countries.

                

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Medical Devices Market in Brazil is an import driven market. The equipment imported are majorly high complex medical devices that are not manufactured in Brazil largely due to the unavailability of raw materials and lack of manufacturing facilities in the country. Local Production constitutes for a lower percentage share as it is highly marked by the production of simple, less complicated devices or devices with established technologies.

Major Exporting countries to Brazil are USA, China, Japan, Germany, Mexico, Australia, Sweden, Ireland, France and others. Major local production happens in Sao Paulo and Rio de Janeiro located in South east region.

 

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The Europe Road Freight Market stood at $34 Bn in 2021 owing to active participation of market players & government to improve the infrastructure. Will the factors induce further market growth: Ken Research

 1.“Focus on infrastructure & policies:” Governments all across the globe are focusing on improving the infrastructure & policies when it comes to logistics market.

Click to Read Full Article:  Recent Trends in Europe Road Freight Market

In Western Europe, the average return on equity (ROE) in the transport and logistics sector is 0.86%. As of January 2022, companies in the air transport industry in Western Europe saw average returns on equity of approximately -45%. Many countries are, however, improving their transportation infrastructure to improve trade flow in Europe. For instance, Germany and the United Kingdom are developing infrastructure through construction projects. Countries such as Germany are improving their road infrastructure, with total roads reaching 8,30,000 km in 2021 from 600,000 kilometers in the previous year, representing an increase of 28% YoY.

2. “Tech to the rescue:” Technology-enabled transformations such as FMS & autonomous vehiclesand digital trucking aggregators with online load board and automated brokerage are driving the market growth.

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Technology has significantly changed due to AI’s important role in supply chain management, including the development of predictive optimization, which is expected to become one of the biggest drivers in the logistics industry. Technologies such as Real Time Location and Temperature Monitoring and Data Sharing which enables real time monitoring of the temperature of a refrigerated unit & customer has changed the way fleet operators view the logistics market. Other such technologies operating in the market currently are warehouse automation, fleet management software & Advanced driver assistance system.

3. “Growth is the way ahead:” With increasing investment, technological innovation & government focus, the road freight market in Europe is expected to witness a surge in terms of development.

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The Europe Freight Market is expected to grow at a steady pace owing to improvement in infrastructure & favourable government policies. The logistics investments in Europe reached approximately USD 34 Bn in H1 2022, witnessing a YoY increase of 13% in take-up driven by growth in e-commerce, which witnessed a rise by 13% YoY in 2021, amounting to approximately EUR 88.1 Bn (USD 94 Bn).

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From Plows to High-Tech Machinery: Will Myanmar's Agriculture Market sustain positive growth in the future?: Ken Research

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Myanmar Agriculture equipment has been growing with a growth rate of 25% between 2014 and 2020. The growth is attributed to rising labor wages in the country and increasing government initiatives toward the development of the agriculture equipment industry. However, the market has several growth restraints that hold back its growth.

So, what does the future hold for the Myanmar Agriculture machinery sector? Find out here!

1. Farm Wages Grew rapidly initially due to labour scarcity which led to an increase in Agriculture mechanization in Myanmar

2. Presently, Government Initiatives, Growth In Machinery Supply, and Labour Migration have been driving the growth of the market

3. However, Changing Farmer Interests, Lack of Financing / Credit are posing as challenges in the Agriculture Equipment Sector

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4. But Regulatory bodies are framing policies in order to curb the issues and develop Agricultural Mechanization in Myanmar

4.1 Government of Myanmar has formulated various strategies to improve food security, agricultural growth, and improve farmers’ welfare

5. With Government Initiatives and Public-Private Partnerships, the industry has high potential to grow more in the future

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Myanmar Agriculture Machinery Market

The Global Soda Ash Market stood at $19 Bn in 2022 owing to active participation of market players & growing EV market. Will the factors induce further market growth: Ken Research

 A steady market growth is anticipated in the upcoming years for the Global Soda Ash market, given increasing investment & market growth of partner industries, says a report by Ken Research

1. “Active involvement of various players:” Major players across the world are indicating interest in the Global Soda Ash Market

Click to Read Full Article: Global and Indonesia Soda Ash Industry

Rising Demand for container glass from food & beverage industry is projected to provide lucrative market growth opportunities in the upcoming years. Key players are investing heavily in production of container glass. For instance, in 2018, the Glass container company (GCC) announced to expand its production by 60% via a $17 Mn project backed by EBRD, Society General & European Union. As the investment in developing countries increases, the demand for soda ash will grow. As a result, several key players are increasing production capacity & expanding their business in developing regions. They’re also investing in R&D in developing regions.

2. “Soda Ash but in an electric way:” Extensive usage of Soda Ash in EVs is boosting the market with demand expected to witness an upsurge in the upcoming years.

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Increasing sale of Global electric passenger vehicle due to growing disposable income of individuals is a major trend for Global Soda Ash market given that soda ash is used extensively in EVs. According to International Energy Agency (IEA), in 2030, Global Electric Vehicle sales are expected to reach 23 Mn as per the new policy scenario. In the EV30@30 scenario, around 70% of the vehicle sold in Europe are EV’s, 37% in Japan, 30% in Canada & US & 29% in India.

3. “A steady way to go forward:” The market is expected to grow at a CAGR of 2% in the near future with growth picking up pace with time.

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The Global Soda Ash Market is expected to witness a robust growth in the near future owing to increase in sale of EVs & Personal care industry, emerging end user of Soda Ash, is expected to grow at a CAGR of 7% (2020-2024) with increased penetration rate of 32% (‘24) from 22% (‘20). The production capacity is also expected to increase Ash up to 15,000 MMT by existing players. When it comes to region, India and Australia in APAC and South-East Asian countries Including Indonesia, Thailand, Vietnam are expected to witness new Soda Ash Manufacturing Plants. For Instance: In June’19, Tata Chemicals (India) received approval to expand their production capacities from 1 MT to 11 MT.