U.S. Flat Glass Market reached 28 billion US$ in 2022, lets explore the factors behind this growth: Ken Research

 Buy Now

The US Flat Glass Market is expecting steered growth through increased Urbanization, technological advancement, rise in Internet Penetration, increased E-Commerce Electronics expenditure, Infrastructural Development, Automotive industry Growth, and Solar installations.

Story Outline

• Increased Building Permits and Residential Construction leading to the evolution of the US Flat Glass Market.
• Solar Panel installations were at its peak during 2022, and even the start of 2023 has witnessed around 2 gigawatts of solar capacity being installed leading to increased production of Solar Panels Which directly benefits US Flat Glass Market.
• Increased Urbanization is leading to a rise in demand of light commercial vehicles for transportation of goods which is helping US Glass Market to grow.
• With an Internet Penetration rate of around 91%, high E-Commerce Electronics spending is noted among the US population leading to increased use of Flat Glass.

The US Flat Glass Market which is expected to grow at a CAGR of 6% in the forecast period 2023-2028, is being driven by increased Urbanization, rise in residential construction permits, high Internet Penetration rate, and growing awareness about Solar Energy

1.Urbanization leading to increased Infrastructural development and construction sites helping US Flat Glass Market achieve excellence.

Interested to Know More about this Report, Request for a sample report

The stats show the total construction done in US from the year 2005-2022. As of May 2022, total Residential construction done was around 935.15 billion USD, Non-Residential approx. 490.20 billion USD, and Public around 345.45 billion USD. US Construction is a major contributor to US economy. The industry creates approx. 1.7 trillion USD worth of structures every year.

Flat glass is mainly used for construction, architecture, and infrastructural development due to its features and many other options it offers. A notable rise in US building permits is also seen at a rate of around 5.7% in May 2023 leading to more construction sites and an increased need for architectural glass in the construction of those buildings.

An increased Urbanization rate of around 18% is seen in US from 2010 to 2021, leading to enhanced infrastructural development and residential construction which is helping US Glass market grow at an expected CAGR of 6% in the forecast period of 2023-2028.

2.Growing awareness of Solar energy utilization, becoming the reason for the growth of the US Flat Glass Market.

Visit this Link :- Request for custom report

The number of solar installations was at its peak in 2022. The cumulative Solar Photovoltaic PV capacity of Us in 2002 was approximately 111.5 gigawatts (GW). It is seen that solar panels installations in the first few months of 2023 have been commendable with around 6.2 gigawatts of solar capacity being installed. This number is enough to power more than 4 million homes.

Solar Panels are made of toughened glass also called tempered glass. The specific qualities of this glass make it suitable for manufacturing solar panels.

Solar energy is one of those power that is renewable, generated from clean source, doesn’t produce carbon emissions, and is available each and every day, even on cloudy days. The unlimited benefits like Solar Investment Tax credit, low cost, and increased demand across Private and Public sectors is helping US Flat Glass Market to grow at a considerate level.

According to the report released by Solar Energy Industries Association (SEIA) and Wood Mackenzie, the solar market is expected to total installed capacity of 379 gigawatts by 2028. The increased awareness and demand for solar panels is directly benefitting the US Flat Glass Market in its growth.

3.Automotive industry growth, increased vehicle manufacturing giving US glass market a promised growth.

The stats show the total vehicle sale in US from July 2022 to April 2023. The total sales were approx. 15 million in April 2023.

Automotive glass is useful in the manufacturing of Windscreens, and windows, it protects cars from UV rays, rain, fog, dust, and wind. With an increased rate of urbanization of around 18% from 2010-2021; the demand for light commercial vehicles also increased for transporting goods.

As a result, the US automotive industry produced approximately 10.05 million vehicles including passenger cars, light commercial vehicles, heavy trucks, buses, and coaches in 2022. The increased production and growing demand for vehicles are helping US Glass Market to grow at an expected CAGR of 6% in the forecast period 2023-2028.

4.High Internet penetration rate increasing E-Commerce Electronics spending of consumers leading to high revenue of US Smart Glass Market.

Request a Call with Expert to know more about Latest Trends

The stats show the percentage of the population using internet. The active internet users in US as on January 2023 were approx. 311.3 million. The internet Penetration rate stood at around 91% of the total population at the start of 2023.

An increase in internet activity of people in US has led to a rise in e-commerce spending power of people; the E-Commerce sale of US was around 88 million USD in 2022. As a result, the E-commerce electronic market has seen a visible rise in its market size. Shopping for electronic products has become easier and more convenient for customers due to rising internet penetration.

As a result the US Flat Glass Market is directly benefitted because of increased internet penetration and technological advancement.

Conclusion

The US Flat Glass Market is growing at a considerate level with the help of its end-user industries (Construction, Automotive, Solar, Electronics, Furniture, and others). Expecting growth with a CAGR of 6% the US Flat Glass Market is ready to gain more benefits from increasing Urbanization, a high Internet penetration rate, and increase in the E-Commerce spending capacity of customers.

5 Major Investment in KSA Seafood and Fish Feed Market: Ken Research

 Buy Now

Story Outline

• Government funds fuel KSA's seafood market growth with Vision 2030's 600,000-ton seafood production target.
• Foreign investments surge, like Marine Harvest's USD 120M fish farming project and Skretting's USD 200M fish feed factory.
• Private sector actively invests in KSA's seafood industry, with NAQUA and Saudi Fisheries leading the way.
• Investment funds, including SALIC, boost seafood projects for food security and domestic production.
• VC firms like Impact46 back innovative seafood startups, like "Fish Farm," advancing aquaculture and fish feed solutions.
• According to Ken Research, The KSA Seafood and Fish Feed Market is expected to reach $900 Mn by 2027, currently the market is growing at a CAGR of ~11% in 2022.

The Kingdom of Saudi Arabia (KSA) has been an attractive investment destination for decades, thanks to its abundant natural resources, growing economy, and favorable business environment.  Recently, the seafood and fish feed market in the Kingdom has emerged as a potential magnet for both local and foreign investments.

This rising trend is fueled by various factors such as a burgeoning population, increasing per capita income, government-led initiatives, and a growing preference for healthier diets. To fully grasp the potential and depth of this market, it is crucial to understand the investment landscape. This comprehensive analysis uncovers the major investments in the KSA seafood and fish feed market and the entities driving them.

1.Government Investments towards Self-Sufficiency

Interested to Know More about this Report, Request for a sample report

The Saudi government has been a leading investor in the country's seafood and fish feed market. As part of its Vision 2030, the government aims to produce 600,000 tons of seafood annually by 2030 to achieve significant self-sufficiency. This ambitious plan has attracted significant government investments in the aquaculture sector. The National Industrial Development and Logistics Program (NIDLP), under Vision 2030, has allocated a staggering SAR 5.3 billion (~ USD 1.41 billion) to the fisheries sector, including aquaculture and fish feed production. This initiative is expected to create 100,000 direct and indirect jobs in the sector, further demonstrating the government's commitment to developing a robust seafood and fish feed market.

2.Increasing Foreign Direct Investment in Seafood Sector

Visit this Link :- Request for custom report

The KSA seafood and fish feed market's potential hasn't gone unnoticed by foreign investors. In 2018, the Norwegian seafood company, Marine Harvest, announced an investment of USD 120 million to set up a fish farming operation in Saudi Arabia.  The investment includes a hatchery, fish farms, and a processing plant to cater to the rising demand for seafood in KSA and the broader Middle East.

Furthermore, in 2021, Skretting, a leading fish feed manufacturer from Norway, announced plans to invest USD 200 million in constructing a state-of-the-art fish feed factory in the Kingdom. Skretting's entry into the Saudi market is a strong testament to the lucrative prospects of the fish feed market, which is closely tied to the seafood industry's growth.

According to Ken Research, The KSA Seafood and Fish Feed Market is expected to reach $900 Mn by 2027, currently the market is growing at a CAGR of ~11% in 2022 owning to influx of major investment, government vision 2030 and change in consumers preferences.

3.Private Sector Participation in KSA Seafood Sector

The private sector in Saudi Arabia has also recognized the growth potential in the seafood and fish feed market. Several private companies have invested heavily in various segments of this market, contributing to its rapid development.

For instance, the Jazan-based National Aquaculture Group (NAQUA), one of the largest aquaculture companies in KSA, has invested extensively in creating an integrated aquaculture system. This includes hatcheries, fish farms, and a feed mill with an annual production capacity of 50,000 metric tons of fish feed.

Moreover, the Saudi Fisheries Company, a public company listed on Tadawul (the Saudi Stock Exchange), has also invested significantly in expanding its seafood processing capacity and developing a high-quality fish feed portfolio.

 4.Investment Funds eyeing on KSA Fish Feed Industry\

Request a Call with Expert to know more about Latest Trends

Investment funds are playing a significant role in shaping the KSA seafood and fish feed market. In 2020, the Saudi Agricultural and Livestock Investment Company (SALIC), a subsidiary of the Public Investment Fund (PIF), invested USD 100 million in an offshore shrimp farming project in the Red Sea. This investment is part of a larger strategy to enhance domestic seafood production and promote food security in the Kingdom.

Furthermore, in 2021, the Saudi Investment Bank (SAIB) and the Arab Investment Company (TAIC) jointly launched a USD 400 million fund dedicated to investments in the food and agriculture sector, including the seafood and fish feed market. This initiative further underscores the significant investment potential of the market.

5.Venture Capitalists are backing Innovative Seafood Startups in KSA

Venture capital (VC) has emerged as a vital source of investment in the KSA seafood and fish feed market. Several startups in this sector have caught the attention of VC firms with their innovative solutions. One such example is Jeddah-based startup “Fish Farm,” which secured USD 1.5 million in seed funding in 2022 from the Riyadh-based VC firm, Impact46.

Fish Farm leverages advanced aquaculture technologies to produce high-quality seafood and has plans to develop a proprietary line of fish feed.

Conclusion

The Kingdom of Saudi Arabia's seafood and fish feed market is witnessing a surge of investments from various sources, reflecting the sector's lucrative potential. Government initiatives, foreign direct investments, private sector participation, investment funds, and venture capital have all contributed significantly to this growth narrative. This infusion of capital has not only helped the market evolve but also positioned it for sustained future growth.

For More Insights On Market Intelligence, Refer to the Link Below: –

KSA Seafood and Fish Feed Market Outlook to 2027

Related Reports by Ken Research: –

India Aquaculture Feed Market Outlook to 2027

Future Outlook of UK Metaverse Market: Ken Research

 Buy Now

What is the market Size of UK Metaverse Industry?

UK Metaverse market is growing at a double digit CAGR in 2017-2022 and is expected to reach USD ~ Bn by 2028.

The UK Metaverse Market is largely driven by One of the significant growth drivers of the metaverse market is the increasing demand for immersive and interactive virtual experiences across various industries, including gaming, entertainment, education, and commerce.

UK Metaverse Market is at a growing stage. It is a fragmented market with the presence of many metaverse companies. The market has seen emergence of abundant players in the past 5 years and the industry will further boost owing to the needs and wants of consumers for a more customized virtual reality platform.

Few major UK Metaverse players are Lilith Games, Roblox Corporation., Tencent Holdings, Byte Dance., Nvidia Corporation. Europe continues to dominate the UK Metaverse market. Depending on technology, the virtual reality and augmented reality segment dominated the metaverse market share in 2020, and is expected to continue this trend during the forecast period, owing to growing demand for virtual reality (VR) / augmented reality (AR) based services.

An increase in awareness and lifestyle changes is the fundamental driver of metaverse market growth. Customers are more likely to remain loyal when their needs are customized.

Interested to Know More about this Report, Request for a sample report

UK Metaverse Market segmentation by component

The UK Metaverse market is segmented by component into Software, Hardware and Professional Services. Software was the dominant form.

UK Metaverse Market segmentation by vertical

The UK Metaverse market is segmented by vertical into Consumer, Commercial, Industrial Manufacturing, Healthcare and Others. Consumer was the most dominant in 2022.

UK Metaverse Market by Region

The UK Metaverse market is segmented by region into England, Wales, Northern Ireland, Scotland and other Regions. England is the most dominant market.

Competition Scenario in UK metaverse Market

The UK metaverse market is fragmented. The report covers the major players operating in the United Kingdom virtual reality market. Some of the prominent players in the industry are Lilith Games, Roblox Corporation., Tencent Holdings, Byte Dance., Nvidia Corporation. Competition in the metaverse is intensifying as more companies enter the market, offering a variety of virtual reality, augmented reality, and extended reality experiences. Established tech giants, startups, and gaming companies are vying to capture a significant share of the growing metaverse industry, leading to innovative developments and unique offerings to attract users.

What is the Expected Future Outlook for the Overall UK metaverse Market?

The UK Metaverse market was valued at USD ~ billion in 2022 and is anticipated to exceed USD ~ billion 2028, witnessing a robust CAGR 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 UK Metaverse market is driven by demand for rising disposable income in developing economies. The continuous advancements in virtual reality (VR), augmented reality (AR), and extended reality (XR) technologies are fueling the development and adoption of metaverse platforms, creating new opportunities for businesses and users alike.

The government has set forth ambitious strategies to leverage digital technologies extensively in enhancing its services, processes, and decision-making capabilities. Rise in Demand in the media and entertainment, gaming and adjacent markets like virtual reality (VR), augmented reality (AR), mixed reality (MR), and digitalization in the fashion, retail, and art industries are the main factors for the metaverse industry growth.

The concept of sustainable packaging is proving to be a highly beneficial investment and a responsible choice for the environment when it comes to reality platforms. With the rising awareness regarding the environmental impact of virtual assets and digital content within the metaverse, there is a growing push for new policies and measures that hold businesses accountable for sustainable practices and responsible management of virtual resources.

AI and cognitive learning technologies have started to play a decisive role and are poised to be game-changers in several avenues.

During the forecast period of 2022-2028, it is anticipated that the UK Metaverse market will grow at a massive CAGR by 2028. Growing concerns about virtual avatar health and excessive virtual consumption habits are prompting various governments to adopt plain packaging strategies for metaverse products. By implementing plain packaging regulations, authorities aim to raise awareness about digital well-being and encourage responsible virtual choices among users within the metaverse.

Visit this Link :- Request for custom report

Market Maxomony

By component

• Software
• Hardware
• Professional Services

By vertical

• Consumer
• Commercial
• Industrial Manufacturing
• Healthcare
• Others

By Region

• England
• Wales
• Northern Ireland
• Scotland
• Other Regions

Major UK Metaverse Market Players

• Lilith Games
• Roblox Corporation
• Tencent Holdings Ltd.
• Byte Dance
• NetEase
• Facebook Inc

Time Period Captured

• Historical Period – 2017-2022
• Base Period – 2022
• Forecast Period – 2022 –2028

For More Insights On Market Intelligence, Refer to the Link Below: –

UK Metaverse Market Outlook to 2028

Related Reports by Ken Research: –

US Metaverse Market Outlook to 2028

The Next Startup Gold Rush: Look at what the investors have to say ?: Ken Research

 Buy Now

Story Outline

Some of the shine has come off the metaverse recently, with Elon Musk calling it little more than a marketing gimmick and the average price of non-fungible tokens (NFTs, seen as a key part of buying and selling things in the metaverse) dropping dramatically.

We think of the metaverse as partly AR and VR, partly massively multiplayer games and partly Web3 and crypto,” says Alvarez. He believes in a future with a “mad mishmash of overlapping metaverses” rather than one dominated by Meta or Microsoft.

1.Hiro Capital Dominates European Metaverse Investment with a Whopping €415 Million in Funds

Interested to Know More about this Report, Request for a sample report

Hiro Capital is the big beast of European metaverse investment, having recently launched its second fund — €300m — to accompany its first €115m fund launched in 2019. Hiro Capital has also launched a special purpose acquisition company and is looking to take a games company with an enterprise value of between €400m and €2bn onto the stock market.

Hiro has a solid games pedigree. It was founded by Ian Livingstone, the former chairman of Eidos, the publisher of the Tomb Raider games, who is sometimes referred to as the “father of Lara Croft”. And yes, it’s called Hiro Capital after the name of the main character in Neal Stephenson’s Snow Crash, the 1992 book which predicted the metaverse.

The first investments from the Hiro Capital 2 fund are expected to be announced next month, says Luke Alvarez, founder and general partner. Most of the fund will be targeted at European startups, with about 15% going to the US and a small handful to other markets (for example, Hiro Capital recently invested in an Indian real-time games company called Loco).

2.Alvarez is very bullish that European companies will take a large slice of the metaverse market

Visit this Link :- Request for custom report

Alvarez expresses strong optimism that European companies will have a significant presence in the metaverse market. He believes that the current opportunity in 2022 is as exciting as the mobile internet era in 2002, which led to the emergence of tech giants like Facebook, Google, Tencent, Alibaba, and Baidu. While European companies missed out on the mobile internet era, Alvarez sees great potential for Europe to play a major role in the metaverse era.

Europe already holds a notable position in the gaming industry, with a third of the world's games content being developed in the region. Early proto metaverses, such as Minecraft and The Sandbox, were also created in Europe. Alvarez highlights the advantage of having a larger number of games developers in Europe compared to the US and the relatively lower development costs in the region.

Alvarez is particularly interested in deep tech companies, with plans to invest around 20% of the new fund into such ventures. These may include no-code games platforms that enable easier game creation for kids and in-game advertising that allows brands to integrate their logos into games. He is also keeping a close watch on hardware development for augmented reality and virtual reality, with the potential for innovative technologies like laser holography to create a super scaled AR experience for billions of people in the coming years.

Though many of the recent big deals have been in the US, European investors see the arrival of the metaverse as an opportunity for Europe to regain some of the tech dominance it lost during the last 15 years. “If the metaverse ends up being mainly games-based then Europe will have a chance — some of the world-leading games companies have come from Europe,” says Henry Gladwyn, partner at OMERS Ventures.

Are UK Based Players Dominating the Metaverse to Secure a $250 Bn Edge by 2028?: Ken Research

 Buy Now

Story Outline

• Rise in Demand in the media and entertainment, gaming and adjacent markets like virtual reality (VR), augmented reality (AR), mixed reality (MR), and digitalization in the fashion, retail, and art industries are the main factors for the metaverse industry growth.
• New product launches and contracts are expected to offer lucrative opportunities for the market players during the next five years.

1.Is the increasing demand in the entertainment and gaming industry becoming a significant growth driver for the metaverse market?

Interested to Know More about this Report, Request for a sample report

The media, entertainment and gaming industry has experienced rapid growth due to the rising popularity of AR, VR, and MR technologies. The widespread adoption of VR headsets, MR headsets, smart glasses, and other devices has enabled a first-person perspective, natural user interfaces, and 6-degree freedom, creating highly immersive virtual scenarios that enhance the gaming experience for users.

These technological advancements have significantly improved user experiences, providing realistic real-time interactions. The surging demand for extended reality devices has attracted substantial investments from major market players, driving the metaverse's integration and usage in the gaming and entertainment sectors.

2.High installation and maintenance costs of high-end metaverse components slightly restrains the market.

In the UK Metaverse market, the hardware components play a crucial role, including XR devices, semiconductor components, sensors, trackers, and cutting-edge equipment. For an authentic and captivating metaverse experience, fast networking, ample storage, and high-end hardware are essential, but these can be costly. Additionally, the devices used in the metaverse often incorporate 3D and other advanced technologies, further adding to their expenses.

Enterprise-grade metaverse software, including engines, 3D modeling tools, and rendering software, is also on the higher end of the cost spectrum. The installation of extended reality devices and solutions requires additional investments, and ongoing maintenance costs can further escalate the overall expenses associated with adopting metaverse technology in the UK. Consequently, these substantial upfront and recurring costs may pose challenges to the growth of the UK Metaverse market.

3.Based on vertical, the Consumer segment holds the largest market share among verticals during the forecast period

Visit this Link :- Request for custom report

The consumer segment in the metaverse market comprises two main sub-segments: Gaming and social media and live entertainment & other events. Within the realm of entertainment applications, metaverse technology is utilized in diverse settings such as museums, theme parks, art galleries, and exhibitions, offering captivating experiences.

Metaverse, in conjunction with XR technology, delivers impressive visual effects, particularly evident in gaming and sports broadcasts. The gaming industry has been quick to embrace innovative technologies like 3D, VR, and MR, elevating the gaming experience for players. These technologies enable the creation of virtual objects and characters seamlessly integrated into defined real-world locations. As a result, players can interact with and immerse themselves in these games, feeling as if they are part of a live gaming experience, thanks to meticulously designed engines and 3D modeling software.

The live entertainment and events category includes a wide range of activities, such as sports events, circus performances, music concerts, trade fairs, exhibitions, seminars, and more. Metaverse applications enrich the experience of these events, making them even more engaging and interactive for attendees.

The metaverse industry in Europe is experiencing a surge in consumer interest and willingness to explore its various applications, ranging from socializing to online shopping and attending entertainment events. This trend has prompted major brands to innovate and enhance customer experiences, driving the future growth of their businesses. Although the metaverse sector is still in its early stages of development, the outlook for robust growth over the next three to four years remains promising. As firms continue to invest in building the future of the internet, the metaverse is poised to become an integral part of people's lives and contribute significantly to the evolving digital landscape.