MNO’s With Advanced Technology to Govern Mobile Financial Services Market in Africa and Middle East: Ken Research

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Mobile financial services technology plays a significant role in building secured and robust technology solutions for an inclusive cashless society. Various technological applications such as FinTech solutions, API built architecture and blockchain technology have witnessed a drastic change within the financial sector. Majority of the banks in Africa and the Middle East are adopting mobile financial services which is a key solution to reinvent business. Few reasons that compelled banks in Africa and the Middle East to adopt digitalization are increasing adoption of smartphones, ease of online banking operations, banks adopting hybrid business strategies, blockchain technology, Fintech, and API.

According to the study “Mobile Financial Services Market Opportunities for Telcos in Africa and the Middle East”, the most excellent element is that banks in Africa and the Middle East do not need to develop any of the latest technologies by themselves. They can simply partner with any of the mobile financial service technology providers which help in connecting their bank to the customers on a mobile phone. To compete with Africa’s diverse mobile money markets, all the banks offer mobile digitalization across the financial services spectrum. The leading players in mobile financial services market opportunities for Telcos in Africa and the Middle East are Orange, Safaricom, and M-Pesa.

Fintechs are well established either individually or with a partnership with various services to withstand the battle within the financial market in Africa and the Middle East. Mobile financial services include a spectrum of financial services starting from payments, current accounts, savings, loans, investments, and insurance. All the mobile services initiate the customers to send, receive, and store money using their mobile smartphone. Mobile financial services market has expanded drastically to include a broad array of financial services such as credit, insurance, and cross-border remittances. Mobile money or mobile financial services extends vast opportunities, which enabled consumers and small businesses where many of them had little or no access to a bank. These services send and receive money quickly and securely across great distances.

Although banks are adopting various advanced technologies, software and services; mobile network operators (MNO’s) play an important role in dominating the financial landscape. With the number of active mobile money users, the margins within the payment sector are large and highest in the world, at approximately two percent of the transaction value. Introduction of banking apps for smartphones and text-based money transfer services is increasing using basic Smartphone handsets.  FNB’s banking app is utilized by approximately two million active customers in South Africa.

The merging of successful mobile network operators and mobile money services has witnessed an increase in clients and reduced bank-centric approaches in Africa and the Middle East. Mobile financial services witnessed drastic growth and momentum in mobile payments based on networks, customer concentration, and client experience. Africa is the global leader in mobile money and showcases its advanced financial services landscape. It was estimated that one individual out of ten individuals has adopted the mobile money accounts. These newer trends have generated ample room for growth in mobile financial services in Africa and Middle East countries.

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Strategic Market Intelligence: Reinsurance in Algeria Research Report : Ken Research

The Report Strategic Market Intelligence: Reinsurance in Algeria -2017 gives a comprehensive analysis of the Algerian reinsurance market in review period of 2012-2016 and also on forecast period of 2016-2021. The report offers detailed analysis various segments of Algeria’s reinsurance market and compares it with its counterparts. The report provides analysis on various distribution channels, risk governance and its impact on reinsurance in the country. This report will help in making strategic decisions based on forecasted data and helps in identifying competitive dynamics in the reinsurance market. The key competitors in the reinsurance market segment of the country are CIAR (Compagnie Internationale D'assurance ET De Reassurance), CAAR (Compagnie Algerienne d'Assurance et de Reassurance) and CCR (Compagnie Centrale de Reassurance). The products offered by the reinsurers in Algeria that are discussed in this report are Reinsurance, Economy and Demographics, Premium Ceded, Premium Retained, Cession Rates, Distribution channels, Reinsurance brokers, Competitive Landscape Legislation, Compulsory insurance, Supervision and control, Non-admitted insurance.

The insurance market in Algeria is one of the fastest growing markets in the country. When compared to the size of the economy, it is relatively small. The insurance market has low penetration and density coverage. The premiums are most collected from non – life insurance, though the life insurance market has higher growth rates. After a major legal change in 2011, the insurance market was differentiated into life and non – life insurance markets.

In Algeria, like many other African insurers, the capital bases are very small that disables them to cover oil platforms, airline fleets or power plants. Many local reinsurers do not necessarily have the funds to pay when the catastrophe strikes. Thus, the lack of adequate capital is an impediment of growth for reinsurers in Algeria. In 2017, though the world market saw a moderate decline in reinsurance prices, Algerian reinsurers saw an increase in their reinsurance capacities.

State – owned reinsurers benefit from compulsory cessions on any line of business of operations. Algeria’s improved reinsurance performance is also due to technical performance.

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North America Humanoid Robots Market Research Report: Ken Research

Humanoids are something that resembles humans and have characteristics like opposable thumb, perform routine human functions like walking, cooking to performing laborious tasks like lifting weights. The concept of humanoids has been widely implemented in the area of robotics and they are called as humanoid robots. Generally, humanoids have a head, two arms and two legs but a few humanoids represent just a part of the body like from just the waist up. Androids are humanoid robots that resemble men and gynoids resemble women.

In North America, humanoids have seen increasing entry into educational, banking and retail industries. By 2023, humanoids are expected to have presence in all retail segments to improve customer support and experience. Healthcare and logistics are increasingly integrating artificial intelligence by robots do increase efficiency in operations. The American market is early adopters of humanoid technology. They have adapted and exploited the benefits of humanoids in various fields of public relations, personal assistance, education, caregiving and entertainment. Thus, this area generally generates maximum demand for robots. Humanoids are used in the defence and military as well and recently the US military introduced in addition to the quadruped models, bipedal robots to replace human troops and create a small army.

The report “North America Humanoid Robots Market by Component, Product, Application and Region 2014-2025: Segment Analysis, Trend Forecast and Business Strategy” gives a detailed analysis of the North American humanoid market for the forecast period of 2014-2025.  The report provides a breakdown of all regional markets by country and split of key national markets by system component, product type and application vertical over the forecast years are also included. Specifically, potential risks associated with investing in North American humanoid robots market and industry is assayed quantitatively and qualitatively through GMD's Risk Assessment System. According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions. The top players in the humanoids market of North American DST Robot Co., Ltd., Engineered Arts, Hajime Research Institute, Hanson Robotics, Honda Motor Co., Ltd., Istituto Italiano Di Tecnologia, Kawada Robotics 135, National Aeronautics and Space Administration (NASA), Pal Robotics, Qihan Technology Co., Robo Garage Co., Samsung Electronics, Softbank Robotics, Toyota Motor Corporation, Ubtech Robotics and WowWee Group Limited.

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Increase in Technological Advancement and Automation to Drive Educational Robotics Market : Ken Research

Referring to study, “Global Educational Robotics Market by Component, Product, Vertical and Region 2014-2025: Segment Analysis, Trend Forecast and Business Strategy” some of the major companies that are currently working in the global educational robotics market are Ozobot & Evollve, Inc., Cytron Technologies, Fischertechnik GmbH, Lego System A/S, Bossa Nova Robotics, Innovation First International, Honda Motor, Robobuilder, Romotive, Robotshop, Toshiba Machines, Yujin RObo, Wowwee, Makeblock Co. Ltd., Softbank, Modular Robotics Incorporated, PAL Robotics, QIHAN Technology Co., Hanson Robotics, DST Robot Co., Robothink, Aisoy Robotics, Sphero, BLUE FROG ROBOTICS, Advanced Robotics Artificial Intelligence, Parallax Inc., Tetrix Robotics, Probotics America, PitscoInc., Wonder Workshop. These key players offer product innovation, technological advancement and maintaining quality standards.

Educational robotics is a wide term that refers to instructional programs, collection of activities, educational resources, physical platforms and instructive philosophy. It uses programming software, robotics kits and computer as hands-on learning tools. It permits design, explore, model, program features and it also test unitary knowledge concepts such as force, motion and traction etc. Educational robotics operates with microphones and supports collaborative and individual learning activities. Moreover it can be associated with different program objectives and skills. It recognizes voices and cameras to avoiding obstacles and identifies faces.

Some resources are included Robokits, Lego NXT and Beebots. Lego NXT involves Robolab, NXT-G, NXC, NXJ-Java-leJos and RobotC. Some equipment is included storage, allocation & sharing, charging v/s batteries and part lists or sandwich trays.

On the basis of component type, the market is segmented into software, hardware and system services. Hardware component is sub-segmented into actuator, sensor, control system or controller and power source. In addition, some other components include body material and other electrical, electronic and mechanical components. On the basis of product type, the global market is segmented into reconfigurable robotics, wheeled robotics, humanoid robotics and non-humanoid robotics. On the basis of application vertical, the global market is segmented into colleges & institutes, K-12 schools and other domains.

The market of educational robotics is mainly driven by growing demand for humanoid robots. Increasing technological advancements, production capacity, supply chain management, distribution channel, product application, huge potential in developing countries, favorable demographics, growing youth, use of robots for educational purposes are increasing significantly which led to the growth of the market.

In near future, humanoid educational robots expected to grow significantly due to growth in use software techniques. Humanoid robots contain the ability to support and even replace teachers in classrooms. Therefore schools are looking ahead to deploy humanoids in their classrooms to attract the attention of parents by modernizing the teaching pattern.

In 2017,The America was the largest region of educational robot market in world. In 2018, the global market is valued at USD 778.6 million. Nowadays new developing technologies include artificial intelligence, inter device connectivity and autonomous operations responsible for higher growth opportunities in the forecast period. It is expected that the market will be reach USD 1,689.2 million by 2023, primarily due to growing adoption of smart education tools and robots in various school levels across the globe.

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Global Humanoid Robots Market Research Report: Ken Research

Humanoids are something that resembles humans and have characteristics like opposable thumb, perform routine human functions like walking, cooking to performing laborious tasks like lifting weights. The concept of humanoids has been widely implemented in the area of robotics and they are called as humanoid robots. Generally, humanoids have a head, two arms and two legs but a few humanoids represent just a part of the body like from just the waist up. Androids are humanoid robots that resemble men and gynoids resemble women.

In the global level, the retail industry for humanoids is likely to emerge as a profitable area for humanoid robots. This is because humanoids can be efficiently designed to suit the purpose of customers. In the shopping segment, humanoids have been employed to process card payments. In academics, educational robots are blooming to improve learning experience. These technologies have been employed to suit the needs of children with special needs and to meet the growing STEM segments. Other segments like healthcare and food are using the benefits of customisation in their fields. Private players have ventured into defence and disaster management to use humanoids. This will result in faster collection and procession of data. These partnerships are encouraged by legislative bodies to boost political motivation and innovation.

The report “Global Humanoid Robots Market by Component, Product, Application and Region 2014-2025: Segment Analysis, Trend Forecast and Business Strategy” gives a detailed analysis of the global humanoid market for the forecast period of 2014-2025.  The report provides a breakdown of all regional markets by country and split of key national markets by system component, product type and application vertical over the forecast years are also included.Specifically, potential risks associated with investing in global humanoid robots market and industry are assayed quantitatively and qualitatively through GMD's Risk Assessment System.

According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions. The top global players in the humanoids market are DST Robot Co., Ltd., Engineered Arts, Hajime Research Institute, Hanson Robotics, Honda Motor Co., Ltd., Istituto Italiano Di Tecnologia, Kawada Robotics 135, National Aeronautics and Space Administration (NASA), Pal Robotics, Qihan Technology Co., Robo Garage Co., Samsung Electronics, Softbank Robotics, Toyota Motor Corporation, Ubtech Robotics and WowWee Group Limited.

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Ease of Order and Convenience to Drive the Online Grocery Market in India: Ken Research

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Online grocery is a grocery store, which allows a standalone e-commerce service. It includes grocery items. This online ordering is done through e-commerce apps and websites such as Spencers, DMart, Kiranacart, and BazaarCart.com etc.

According to study, “Online Grocery Market in India 2017” some of the major companies that are currently working in the online grocery market in India are SoCoMo Technologies Pvt. Ltd., Grofers India Pvt. Ltd., Town Essentials Pvt Ltd., Nuvo Logistics Private Limited, MN&C Supply Links Retail Pvt Ltd., BigBasket India Pvt. Ltd., Aaram Shop Pvt. Ltd., Natures Basket Limited, Local Banya Pvt. Ltd., Supermarket Grocery Supplies Pvt. Ltd., Fiora Hypermarket Limited, Godrej Nature's Basket Ltd., Ekstop Pvt. Ltd., MyGrahak Shopping Online Limited, Jiffstore Software Labs Pvt. Ltd., PepperTap Ltd., SRS E-Retail Limited, Reliance Retail Pvt. Ltd., ZopNow Retail Pvt. Ltd.

The products of the online grocery market are classified by FMCG, breakfast & cereal, meat & poultry products, fruits & vegetables, dairy products & bakery, fresh produce, and grocery & staple. FMCG is segmented into home care, family care, packaged food, and beverages. On the basis of the business model, the market is segmented into the hyperlocal delivery business model, inventory-based business model, a mixed business model, and pure play business model. The hyperlocal model takes groceries from neighborhood shops and delivers it to customer’s doorstep. Pure play models have huge functional distribution centers and warehouses. On the basis of the type of shopper, the market is segmented into millennials, generation Z, baby boomers, generation X and silent generation etc.

The online grocery market is increasing its share due to a wide range of choice, Omni-channel experience, and convenience for the customers, cash on delivery and timely deliveries. Some of the weaknesses associated with the online grocery market are expanding, high logistics costs and lack of personal touch etc. In addition, some of the key opportunities include the size of the market, rising number of double income families, growing base of replicated customers and rising demand for imported food & gourmet products.

The market of online grocery is mainly driven by increasing E-Commerce industry. Rising penetration of high-speed internet service, rising income resulting in increasing purchasing power and rising smart-phones users are increasing significantly which led to the growth of the market. Apart from some of the major concerns is lack of proper infrastructure, domination of traditional stores and competition from top E-commerce firms. In addition, some new trends are smart shopping, attracting heavy investments and competitive delivery services & timing.

The online grocery based on the availability of branded and organic products at a click, increasing internet usage amongst Indians and followed by the convenience of availing a daily discount. Mumbai, Chennai, Bangalore, and Delhi NCR are major cities of the market. Customers in urban hubs driving substantial growth in India for online grocery market, a large portion of Indian customers, residing in remote cities and locations, still remain untapped due to lack of confidence, low awareness, and price-conscious behavior. The increase in competition in the market has led to an increasing number of e-grocers targeting remote and new markets to increase their presence in the country.

India is the second largest market of online grocery in the world. The market is growing increasingly, at a rate of 25 % to 30 %, annually. In near future, it is estimated that the online grocery market will be a big opportunity and turn into a multibillion-dollar category, due to high order volumes and repeat purchases of groceries.

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Growing Landscape Of The Global Amyotrophic Lateral Sclerosis Market Outlook: Ken Research

The amyotrophic lateral sclerosis is an unambiguous disease which terminates the nerve cells and causes disability. In other words, amyotrophic lateral sclerosis (ALS) causes the death of neurons controlling voluntary muscles. Moreover, ALS is characterized by the muscle twitching, stiff muscles and the progressively worsening weakness because of the muscles decreasing in size which further conclude in the difficulty swallowing, speaking and eventually breathing. Basically, there is no cure for ALS but a medication called riluzole may enlarge the life by about two to three months. Moreover, the disease can affect populace of any age, but frequently starts around the age of 60 and in inherited cases across the age of 50. The average survival from onset to death is two to four years and about 10% survive longer than 10 years while most of the patient dies due to the respiratory failure. For instance, the key players of this market is doing effective developments in the techniques of doing treatments which help in acquiring the huge market share which will further beneficial for the market growth in the coming years.

According to the report analysis, ‘Amyotrophic Lateral Sclerosis: Epidemiology Forecast to 2027’ states that some of the major key players which are recently functioning in this market in a more auspicious manner for attaining the huge market share by developing the business strategies by understanding the trends shaping and driving the global amyotrophic lateral sclerosis market. Moreover, the major key players of this market is quantifying the patients populations in the global market of amyotrophic lateral sclerosis for improving the product design, pricing and launch plans. Whereas, ALS is often denoted to as “Lou Gehrig’s Disease” after the renowned baseball player. ALS harshly influences physical functioning and originally available with the muscle twitching, weakness in an arm or leg, or sometimes with demeaning of speech. Eventually, populace with ALS lose their capability to resistor the muscles required to move, speak, eat and breathe, which eventually leads to death.

In 2017, the 7MM had 46,240 diagnosed predominant cases of ALS. This is anticipated that to grow to 52,712 diagnosed prevailing cases by 2027, at an Annual Growth Rate (AGR) of 1.4%. The rise is operated by the aging population in the 7MM. the 7MM has 53,024 total prevalent cases of ALS in 2017. This is forecasted to grow to 60,304 total dominant cases by 2027, at an AGR of 1.4%. The US had the highest number of diagnosed prevalent and total prevalent cases of ALS. The improvement of more significant therapies, particularly for elderly patients, would develop survival and rise disease pervasiveness.

On the basis of region, the developed countries across the globe is dominating the huge market share together while, the developing countries also showing their potential in attaining the handsome amount of share by doing significant developments in the technology and techniques of doing treatment. Therefore, it is expected that in the coming years the market will grow more actively of amyotrophic lateral sclerosis across the globe over the decades with the effective investments by the new entrants.

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Rise in Income and Internet Facilities to Drive Online Food Delivery Market in India: Ken Research

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Online food delivery is a service in which a store or restaurant delivers food to a customer through the restaurant’s website. Delivered items include drinks, food, and desserts etc. Payment mode may be online and cash on delivery. Some features for making successful online food delivery market are generating a code referral system, easy & user-friendly dashboard, social media integration, customer integration with push notification and cross-platform compatibility etc.

According to study, “Online Food Delivery Market in India 2017” some of the major companies that are currently working in the online food delivery market in India are Zomato Media Pvt. Ltd., Scootsy Pvt. Ltd., Food Panda Indian Pvt. Ltd., Foodista India Pvt. Ltd., Bundle Technologies Pvt. Ltd., UberEats Pvt. Ltd., Faaso’s Food Services Pvt. Ltd., Swiggy Pvt. Ltd., Pisces Services Pvt. Ltd.

On the basis of product type, the online food delivery market is segmented into fixed online food delivery and movable online food delivery. On the basis of cuisine-wise, the market is segmented into Indian food, fast food, Italian food, and others. On the basis of the business model, the market is segmented into logistics focused food delivery system, order focused food delivery system and full-service food delivery system. Full-service food service is useful for small-scale & independent restaurants. On the basis of food sources, the market is segmented into grocery stores, restaurants & food outlets and supermarkets etc. In addition, on the basis of the platform, the market is segmented into the application based and platform based.

The market for online food delivery is mainly driven by rising disposable income. Changing demographics, increasing penetration of internet & smart-phones, favorable lifestyle changes, young population, consumption levels, a greater share of women in the workforce, aggressive marketing strategies adopted by food startups and the convenience of ordering is increasing significantly which led to the growth of the market. Apart from the advantages some of the challenges include unpredictable demand patterns, inability to influence external circumstances (traffic, weather & changing demand on a daily basis), high delivery cost, highly concentrated peaks in ordering during meal-times, limited delivery times and kitchen operations etc.

Some online food delivery apps are TastyKhana, JustEat, Uber Eats, Swiggy, FoodMingo, Pizza Hut, FoodPanda, Zomato Order, Fasso’s and Dominoes. Moreover, some food delivery startups in the country are Masala Box, 48 East, Box8, Brekkie, Fresh Menu, Chefkraft, Ready Bowl, Entree, Holachef, Pizza Express, iChef, Burgundy Box, FoodCloud, Frsh, and Tpot.  Hyderabad, Delhi NCR, Bangalore, Pune, and Mumbai are top five cities in India for online food ordering.

The role of mobile apps and also the web-based system of ordering food playing an important role as more and more people use smartphones, followed by increasing literacy and access to the Internet facilities. Online food delivery is moving towards self-delivery, causing the fall of delivery time. Players also have higher control over the delivery process are able to provide much better value to customers. In upcoming years, product’s 3D images or 360-degree view will be on websites, which will define more detailed menu information such as ingredients and portion size etc. In near future, it is expected that products will be delivered via drones, which will be helpful for delivery within minutes.

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Low Maintenance and Minimized Downtime Features Adding Significant Opportunity to Global Distributed Control Systems (DCS) Market : Ken Research

Refering to study, “Global Distributed Control Systems (DCS) Market by Architecture Type, Industry Vertical and Region 2014-2025: Segment Analysis, Trend Forecast and Business Strategy” some of the major companies that are currently working in the global distributed control systems market are ABB Ltd., Bharat Heavy Electrical Ltd, General Electric Co., Azbil Corporation, Emerson Electric Co., Nova Tech Process Solutions LLC, Hitachi, Ltd., Honeywell International Inc., Rockwell Automation Inc., Metso Corporation, Schneider Electric SE, Yokogawa Electric Corporation, Siemens AG.

A distributed control system (DCS) is a control system, which is used in many industries to control and monitor distributed equipment. It consists by many digital devices, which help to enhance the performance with reduced time consumption. It uses a set of configuration tools to manage the graphics, database, control logic and system security. It supports upgrade, modification and integration to the offered manner of any industry.

Some components of DCS are CPU, digital input module, controllers, analog input module, digital output module, analog output module, human interface system and communication system etc. It is connected with both personal computers and field devices through high speed communication networks. It provides many operations such as function block, adder and sequential etc. Some feature included single database, peer to peer, security, advanced math functions, open protocols, alarms and proprietary human machine interfaces.

Some types of DCS are conventional DCS, PLC based DCS and hybrid DCS. Conventional DCS is segmented into three categories: small (< USD 1,00,000), medium (1,00,000-5,00,000) and large (>5,00,000). PLC based DCS is used for performing the tasks of conventional DCS. Hybrid DCS performs both sequential control and process control.

On the basis of architecture or component type, the global distributed control systems market is segmented into software,hardware and system services. Software components provide a common platform, which is responsible for communicating of all devices and performing their actions. Hardware components include I/O interfaces, controller, power supply, remote workstations, server and relays etc. Moreover, system services components defines some operations and project management. On the basis of industry vertical, the global market is segmented into energy & power, oil & gas industry, chemical & petrochemical industry, paper & pulp, pharmaceutical industry, food & beverage, metals & mining, refining and water & waste water treatment etc.

Some benefits of DCS system included increase production capacity, expedite commissioning & start-up, decrease process & quality variability, optimize paperless operations, improve long-term stability & consistency, simplify configuration of continuous & batch control, reduce lifecycle costs, minimize downtime, streamline application development & verification, lower maintenance costs and expedite payback on investments. Apart from advantages, some disadvantages are difficult to maintain & programming, component cost and limited computing power.

The applications split in market on the basis of the demand for the DCS include environmental control systems, radio signals, electrical power grids & electrical generation plants, traffic signals, oil refining plants, water management systems, sensor networks, metallurgical process plants, pharmaceutical manufacturing, chemical plants and dry cargo & bulk oil carrier ships etc.

The market of DCS is mainly driven by increasing demand in power and energy sectors. Growing population, cost and time effectiveness, emergence of open source DCS solutions and government regulations are increasing significantly which led to the growth of the market. It is estimated that, the global DCS market revenue will be USD 23.37 billion by 2025, due to owing to continuous adoption of automation systems.

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Urban Development Projects Driving the Motors Market in India: Ken Research

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Motors are powered by electrical energy and convert this energy into mechanical energy. Some components are included commutator, end plates, cooling fan, stator, slip rings or carbon brushes, rotor or armature, and supply box etc. It includes electromagnets and permanent magnets.

Motors are classified into two categories: integral horsepower (IHP) motors and fractional horsepower (FHP) motors. IHP motors are segmented into AC motors and DC motors. AC motors use alternating current: it is sub-segmented into high tension motors and low tension motors, which is used in washers, fans, vacuum cleaners, dryers, air conditioners, and blowers etc. Some characteristics of AC motors are low cost, simple design easily found replacements and reliability. Whereas DC motors use direct-unidirectional current: its use is restricted to low to medium power machine tools, a few low-speed machine tools, and rolling mills. Some characteristics of DC motors are easy to control speed, easy to understand design and easy to control torque etc.

According to study, “Motors Market in India 2011” some of the major companies that are currently working in the motors market in India are Bharat Heavy Electricals Ltd., GE Power India Ltd., WEG Industries Pvt. Ltd., Bharat Bijlee Ltd., Siemens Ltd., Regal Beloit Corporation, Elgi Electric & Industries Ltd., Kirloskar Electric Company Ltd., ABB India Ltd. These key players are competing with each other to meet the growing demand amongst industries. These vendors offer product innovation, technological advancement.

The rating of IHP motors is 1 HP or more. IHP motors are built into a frame. It is defined by small motors (0.75-200 KW), medium motors (201-315 KW) and large motors (>315 KW). Moreover, FH is used in low voltage heating, cooling, automotive, and office machinery tools. Some factors influencing efficiency includes type, load, speed, capacity, temperature, age, and rewinding etc.

Some types of motor load are variable torque loads, constant torque loads and constant power loads. In variable torque loads, torque varies with the square of operation speed (rotary kilns). In constant torque loads, output power varies with constant torque (fans and centrifugal pumps).

On the basis of application, the motor market is segmented into HVAC equipment, motor vehicles, pumps, aerospace, compressors, food & beverage industry, fans, transportation, residential, agriculture, industrial machinery, home & commercial appliances and other transportation equipment. On the basis of the end user, the market is segmented into the cement sector, oil & gas sector, power sector, pharmaceutical sector, metals & mining sector and textile sectors.

The motor demand is largely driven by increasing opportunities in replacement segment, favorable demographics, growing attention on infrastructure, increasing urban development projects, growing in important sectors and government regulations are increasing significantly which led to the growth of the market. The market is further influenced by the growing raw material prices. In addition, some of the key challenges include competition from unorganized players and increase in raw material prices associated with the manufacturing of motors etc.

Moreover, the demand for energy-efficient motors for the oil & gas production sites apart from the residential and commercial sector has seen a considerable increase during the previous few years and is estimated to rise further during the forecast period. Furthermore, industries, such as fertilizers, automotive, chemical, and petrochemical are expected to witness steady growth for motors demand in India over the forecast period.

To know more, click on the link below:-

https://www.kenresearch.com/energy-and-utilities/power/motors-market-india-2011/172202-103.html

Related Report:-

https://www.kenresearch.com/manufacturing-and-construction/machinery-and-parts/plain-bearings-motors/169791-97.html

https://www.kenresearch.com/energy-and-utilities/power/global-electric-ac/170880-103.html

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