Wide-Ranging Advancement in Global Industrial Refrigeration Market Outlook: Ken Research

The Industrial refrigeration raises to the procedure of cooling utilizing the refrigeration and cooling systems to eradicate the heat from a low-temperature medium and transporting it to a high-temperature medium. Industrial refrigeration systems are positioned at great level freezing and refrigeration plants for usage in several industrial applications such as food & beverage processing, cold storage, and several others.

According to the report analysis, ‘Industrial Refrigeration Market by Offering (Industrial Refrigerator and Component), Component (Compressor, Condenser, Evaporator, Control, and Others), Refrigerant Type (Ammonia, Carbon Dioxide, Hydrofluorocarbon (HFC), and Others), Application (Fresh Fruits & Vegetables; Meat, Poultry, & Fish; Dairy & Ice Cream; Beverages; Chemicals; Pharmaceuticals; and Others), and Type (Stationary Refrigeration and Transport Refrigeration): Global Opportunity Analysis and Industry Forecast, 2019-2026’ states that in the global industrial refrigeration market there are several companies which recently operating more actively for leading the fastest market growth and registering the handsome value of market share around the globe in the upcoming years while decreasing the bed effects on the food, advancing the features and specifications of the industrial refrigeration, delivering the better consumer satisfaction, decreasing the associated cost, employing the young workforce, spreading the awareness related to the industrial refrigeration, studying the strategies of the competitors and implementing the profitable strategies includes Daikin Industries, Ltd., Emerson Electric Co., Evapco, Inc., GEA Group AG, Johnson Controls, Inc., Ingersoll Rand Plc, LU-VE Group, Mayekawa Mfg. Co. Ltd., The Danfoss Group, and United Technologies Corporation and several others.

In addition, the significant increase in the demand for industrial refrigeration systems in the FMCG industry majorly propels the growth of the market, due to the augmented usage of the packaged & processed foods and beverages in underdeveloped regions and safeguarding the spoilage of semi-processed foods and drinks. Furthermore, the positive growth in the trend of upgrading cold storage infrastructures around the emerging economies propels the growth of the market. However, the great energy consumption for the functions and high investment in maintenance of the industrial refrigeration systems restrict the growth of industrial refrigeration market.

Whereas, the introduction of advanced technologies such as advanced IoT-enabled refrigeration observing solutions can fuel the requirement for the industrial refrigeration systems. In March 2018, Carrier Transicold cooperated with Singamas Container Holdings Ltd. to advance Prime LINE ONE, a fresh refrigerated shipping container.

Moreover, the foremost growth in the requirement for the industrial refrigeration systems in the FMCG industry majorly propel the growth of the market, due to the augmented usage of the packaged & processed food & beverages in the underdeveloped countries and preclusion of the spoilage of semi-processed food & drinks. The establishment of advanced technologies such as innovative IoT-enabled refrigeration witnessing solutions delivers the growth opportunities for the worldwide industrial refrigeration market growth. Furthermore, the foremost growth in the trend of upgrading cold storage infrastructures around emerging economies propels the growth of the market. Therefore, in the upcoming years, it is predicted that the market of industrial refrigeration will increase around the globe more effectively over the forthcoming years.

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Global Industrial Refrigeration Market

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Increasing Trends In Landscape Of Vietnam Coal Market Outlook: Ken Research

The Vietnam's coal industry is scrappy and has convoluted geological situation. Despite the developed technology, the conditions to smear and arrange the technology are restricted by the scale. Vietnam's coal industry is facing several problems such as declining business efficiency owing to falling domestic coal cost, augmenting the production costs when open-cast coal reserves are progressively exhausted, along with the augment in the increase of taxes and fees. Vietnamese coal is problematic to compete with the imported coal.

According to the report analysis, ‘Vietnam Coal Comprehensive Reports Q1/2020’ states that in the Vietnam coal market there are several companies which presently working more actively for leading the highest market growth and registering the handsome value of market share around the region throughout the upcoming years while delivering the better consumer satisfaction, increasing the applications and specifications of the production technologies, employing the young workforce, decreasing the linked prices, implementing the profit making strategies and studying the analyzing the competitor’s strategies includes Ha Lam Coal JSC, Mong Duong Coal JSC, Nui Beo Coal JSC, Cao Son Coal JSC, Ha Tu Coal JSC, DeoNai Coal JSC, VangDanh Coal JSC, Coc Sau JSC and several others.

In addition, this report offers a wide-ranging evaluation of the coal market. It does so via in-depth qualitative perceptions, historical data, and supportable projections about the market size. The projections highlighted in the report have been plagiaristic expending proven research methodologies and conventions. By doing so, the research report serves as a storehouse of the analysis and information for every feature of the market, comprising but not limited to: Provincial markets, technology, types, and applications.

Not only has this, during the third quarter of 2019, the country's coal output inclined to augment as compared to the preceding year. Coal output and export turnover deducted by 94.5% and 94.2% over the same duration, respectively, owing to a sharp deduction in inventories after 2018 of confident consumption. Vietnam imports augmented by 149.1% over the same duration, coal import turnover augmented by 88.4%.

The business results of coal enterprises during the past year had a lot of sudden sturdy growth compared to 2018 majorly owing to the impact of increasing prices of worldwide coal prices. However, the coal industry is still in a monopoly mechanism so these corporates are improbable to be proactive in their business schedules and still have to depend wholly on the TKV.

The developed regions across the Vietnam predicted to register the coal market throughout the review duration due to the existence of the great volume of power plants across the region, where coal is an essential part of energy mix. The Vietnam coal market across the developed region is probable to enlarge at a considerable pace throughout the review duration, commonly owing to the effective growth in the requirement for the power and effective augment in the construction activities in the region. Whereas, this, in turn, is predicted to boom the requirement for the cement, particularly across the underdeveloped regions. Therefore, in the upcoming years, it is predicted that the market of coal will increase around the region more actively over the coming decades.

For More Information, refer to below link:-

Vietnam Coal Market

Related Report:-

Global Coal Mining to 2022

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Ankur Gupta, Head Marketing & Communications

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+91-9015378249

Massive Advancement in Vietnam Telecommunication Market Outlook: Ken Research

According to the report analysis, ‘Vietnam Telecommunication Comprehensive Report Q1/2020’ states that in the Vietnam telecommunication market there are several corporates which recently operating more extensively for leading the fastest market growth and registering the handsome value of market share around the region throughout the short duration while delivering the better consumer satisfaction, decreasing the associated price, spreading the awareness related to the telecommunication, delivering the effective services, employing the young work force, developing the applications of the telecommunication services and studying the government’s rules includes VNPT Telecommunications Group, VNPT Vietnam Posts and Telecommunications Group-VinaPhone, Vietnam Military Telecoms Company-Viettel telecom, Vietnam Mobile Telecom Services Corporation-Mobifone and several others. However, Telecommunication corporates are forming strategic alliance with the small telecom service corporates for new product development and several others which benefitted for generating the handsome value revenue and ruling across the globe throughout the short span of time.

The telecommunication sector of the Vietnam endures to have prominent growth potential, particularly in the field of 3G for mobile phones and FTTH for wired systems. According to the estimates, the telecom service revenue in the first 9 months of 2019 positively augmented by more than 6% over the same duration in 2018. According to the impetus from 2018, the amount of the mobile subscribers in the first 9 months of 2019 across the market endures recorded a slight augment compared to the close of 2018.

According to the Foreign Investment Department, in the foremost 9 months of 2019, the information and communication segment ranked 9th amongst the largest invested segments with the entire registered investment capital accounting of handsome value.

In universal, the trend of utilizing the 2G services has deducted sharply over the years, while 3G has continuously augmented in present years. After a long provisional of 4G services at the close of 2016, in early Q2 / 2017, three foremost carriers VinaPhone, MobiFone and Viettel officially established 4G services. According to the Opensignal, Vietnam's popularity level is amongst the world's average with the rate of handsome value.

In present years, the mobile market share across the Vietnam has been in the hands of three immense players Viettel, VinaPhone and MobiFone preserved with more than 90% of mobile subscribers in the market. Owing to the stimulus from the Ministry of Information and Communications dispensed Circular 47 ordering the promotion level for mobile services, the revenue of the three foremost carriers VinaPhone, Viettel and MobiFone has not grown suddenly compared to 2017.

The telecommunication market is predicted to observe the substantial growth over the forecast duration owing to augmenting the requirement for the telecom services. Augmenting the deployment of 4G infrastructure is anticipated to propel market growth. Not only has this, the effective growth in the needs to deliver the telecom services in remote areas are projected to further propel the telecommunication market. Therefore, in the coming years, it is predicted that the market of telecommunication will increase around the region more actively over the coming years.

For More Information, Click on the Link Below:-

Vietnam Telecommunication Market

Related Report:-

Vietnam Telecommunication Standard Report Q1/2020

Vietnam Telecommunication Comprehensive Report Q4/2019

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Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Massive Increment In Landscape Of Vietnam Leather And Footwear Market Outlook: Ken Research

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According to the report analysis, ‘Vietnam Leather and Footwear Q1/2020 Comprehensive’ states that in the Vietnam leather and footwear market there are numerous entities which presently functioning more effectively for leading the fastest market growth and registering the handsome value of the market share around the globe throughout the coming years while delivering the better consumer satisfaction, decreasing the associated price, spreading the awareness related to the leather and footwear applications, increasing the benefits and applications of the leather and footwear, developing the specifications of the production technologies, employing the young workforce and analyzing and studying the strategies of the corporate’s includes Pou Yuen Vietnam Co., Ltd (HCMC), TaeKwang Vina Industrial JSC (Dong Nai), Chang Shin Vietnam Co., Ltd (Dong Nai), Pou Sung Vietnam Co., Ltd (Dong Nai), Pou Chen Vietnam Co., Ltd (Dong Nai), Dona Standard Vietnam Footwear Co., Ltd (Dong Nai), Thai Binh Footwear Investment and Production JSC (Binh Duong), Ty Xuan Co., Ltd, Phuong Dong Dong Nai Co., Ltd, Moc Bai, and several others.

However, 95% of the world's leather material comes majorly from the food industry and is directly pretentious by the meat and dairy ingestion. Over the years, China has become the principal leather manufacturer across the world, followed by India, Brazil, and the US.

During 2019, Vietnam imported USD 1.18 billion of leather with a trivial augment of 1.8% compared to the preceding year owing to the augmented footwear export orders, resulting in an augmented requirement for the leather. 70% of enterprises introducing the shoes and bags will follow the approach of utilizing the raw materials and designs delivered by the foreign consumers and branding products according to consumers’ requirements. Vietnam is positioned in the group of 4 largest footwear and footwear producing regions around the globe.

Furthermore, the growth is qualified to the increasing working-class population, augmenting the income among customers, bourgeoning retail e-commerce segment worldwide, increasing the fashion trends in commercial wear. However, the Leather shoes are durable and deliver an elegant look creating it popular amongst several consumers. The breathable features of the real leather which can calm down the feet and circumvent unwanted odors is also propelling the growth of the product in the market.

The leather and footwear market is thoroughly aligned with consumer spending on fashion accoutrements. Speedy growth in the spending on fashion accessories owing to the increasing influence of social media is influencing the market. Present transformations in customer shopping trends and augmenting the propensity toward purchasing the high-end and designer shoes are predicted to trigger the growth. The requirement for the trendy, fancy, and comfortable footwear and other accessories is effectively propelling the demand.

One of the foremost driving aspects projected to impact the leather footwear market positively is the increasing income amongst the consumers. Lifestyles are developing with augmenting consumer spending. With a surging functioning class populace, require for the formal shoes and bags particularly made of leather are predicted to grow at a steady rate. Therefore, in the upcoming years, it is anticipated that the market of leather and footwear will increase around the region more actively over the coming decades.

For More Information on the Research Report, refer to below links: -

Vietnam Leather And Footwear Market

Related Report: –

Vietnam Leather and Footwear Comprehensive Report Q4/2019

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Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

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Best Employee Engagement Survey Company In India: Ken Research

The employee engagement survey is designed to measure the degree by which employees feel valued for an organization they work in. Furthermore, employee engagement surveys can serve several critical purposes. By a survey different employee can submit their feedback anonymously, allowing upset or uninspired team members to express their original opinions. The surveys provide a channel for letting the true communication, measurement of a team’s engagement, and many other things. Many companies these days started conducting annual surveys, often in association with performance reviews. This is said to be good practice; however, the annual surveys alone are not enough when it comes to measuring employee engagement. As employees switch jobs, and it is hard for the organization to wait for months and finding out overall department-wide concerns or satisfaction levels. The conducting of such surveys over a regular period lets employees knowing their exact concerns and keeping the workforce’s engaged at all levels. The surveys are quite easy to complete and confirm to develop a clear analysis in respect of department or employees. This further encourages more employees to provide better data in order to check engagement at all levels.

Surveys are the right tool designed for tracking employee engagement and determining whether employees are happy or how long they stay satisfied with the organization. In addition, the biggest concern is that the Employee Engagement Service Providers is always directed towards the organization’s employees for understanding the level of engagement at large, as happy customers are the result of happy employees. The engaged employees help in getting more customers as the disengaged employees further cost a lot.  Employee engagement surveys and analytics tools are significantly essential while creating an appropriate work culture that positively further cultivates employee behaviors and morale and thereby increasing overall workforce productivity for sustaining an overall winning and happy workplace.

An engaged employee survey may be further be customized by different employee engagement survey companies and considered as beneficial over different organizations, but it is important to prepare a standard employee engagement survey and thus maintaining the statistical integrity of the survey. Some of the custom questions that may be added to an existing template should statistically be validated or further benchmarked, making it difficult in knowing exactly the results are being measured. Engaged employees are key performers. They always work hard and create a positive atmosphere, and passionately express company values to clients. The feedback from the employee engagement surveys also gives an analysis related to the data needed for responding to the issues that may not even be aware of, supporting a healthy, happy work environment. In order to obtain the desired results over the workforce meaning that it can be identified in particular to certain roles, teams, or management groups, as well as issues that are endemic to the organization. They can also compare responses to the same questions and analysing how the overall metrics get changed maybe resulted in different actions. A combination of relatively brief and frequent surveys further helps to create an in-depth questionnaire and problems that can be identified and addressed before they affect the overall business.

Key Topics Covered: -

Employee Engagement Survey Companies

Employee Engagement Survey Best Practices

Open ended employee engagement survey

Employee Satisfaction Surveys Companies

Employee Engagement Survey Providers in India

Best Employee Engagement Solution Companies

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Ken Research Employee Engagement Survey

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Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Different Trends In Vietnam Fertilizer Market Outlook: Ken Research

According to the report analysis, ‘Vietnam Fertilizer Comprehensive Reports Q1/2020’ states that in the Vietnam fertilizer market there are several companies which presently working more progressively for leading the fastest market growth and registering the handsome value of market share around the globe during the forthcoming years while delivering the better consumer satisfaction, decreasing the linked prices, increasing the applications of the fertilizers, advancing the features of production technologies, employing the young workforce and implementing the profitable strategies includes Phu My Fertilizer Plant-Petro Vietnam Fertilizer and Chemicals Corporation, Ca Mau Petroleum Fertilizer Joint Stock Company, Binh Dien Fertilizer Joint Stock Company, Lam Thao Fertilizers and Chemicals Joint Stock Company, Ha Bac Nitrogenous Fertilizer & Chemicals Joint Stock Company, Quang Binh Import Export Company, Southeast Petrovietnam Fertilizer and Chemicals Corporation, Southwest Petrovietnam Fertilizer and Chemicals Corporation, Central Petrovietnam Fertilizer and Chemicals Corporation, North Petrovietnam Fertilizer and Chemicals Corporation and several others.

In addition, during the recent years, the export volume of urea has augmented continuously, majorly from regions in West Asia and East Asia. China and the USA are amongst the foremost import and export regions. China and some exporting economies of the Potassium in North America and Eastern Europe register the worldwide fertilizer trade. Fertilizer prices tend to fall in 2019.

Across Vietnam during 2019, the import output reached thousand tons and down as compared to the same duration in 2018. Although the additional domestic production meets domestic NPK requirement, shortage of great excellence NPK. In 2019, NPK imports plummeted steadily compared to 2018, Urea imports plummeted at a stable rate over the similar period owing to the unremitting cessation of imports in July and August owing to weak requirement and high inventories. DAP imports in Vietnam have been continuously deducting, a reduction as compared to the same duration in 2018. Potassium and SA are the most imported fertilizers owing to the Vietnam cannot introduce them, so it depends wholly on the imported sources.

Furthermore, the foremost technological innovations across the industry, along with growing requirement for the bio-based and micro nutrient fertilizers are expected to influence the market. However, the regulatory and environmental constraints and great production costs are probable to perform as the drawbacks in the industry. Whereas, the technology progress across the world, which functions with modern environmental issues, entices attention to the agriculture and makes the domain of fertilizers technology the cornerstone for the industrial advancement.

The worldwide populace is augmenting at a speedy rate. This increasing the population is adding to the food requirement. Supplying food to this increasing populace has become a threat. On the other hand, the arable land is decreasing, owing to the industrialization and urbanization. Fertilizers have been effectively utilized for a long time to augment the productivity of crops.

Not only has this, due to the effective growth in the concern over the present pattern of fertilizer usage, with the heavy reliance on nitrogenous fertilizer, coupled with the poor nutrition management, shortage of the complementary inputs, decreasing soil fertility, and feeble marketing and dissemination systems, have all appeared as foremost restraints to advance the fertilizer effectiveness across the region. These concerns have provided a method to bio fertilizers and micro nutrient fertilizers to increase and propel the fertilizer market in the region. Therefore, in the near years, it is predicted that the market of fertilizer will increase more actively across the region over the coming future.

For More Information, refer to below link:-

Vietnam Fertilizer Industry

Related Report:-

Thailand Complex (NPK) Fertilizer Market Outlook to 2022 - Highly Competitive and Import Based Market

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Ankur Gupta, Head Marketing & Communications

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We Deliver Right Fit Resource for Organisation: Ken Research

We are well-known for providing world class workforce solutions to various organizations and individuals with an objective of becoming best recruiting company India and one stop shop for providing entire range of high impactful HR services to organizations & candidates that are seeking growth, performance & satisfaction. Over the time, we have now built trustworthiness & have emerged as a key service provider by of choice with many multinationals & Indian companies. We have developed a substantial competitive advantage by using simple methods, we have also have in-house team of dedicated team of HR professionals that have significant industry experience. Our objective is to aim for providing a human edge to clients over competitive market globally.

We further strongly believe in delivering high quality and letting he robust processes to ensure quality with consistency in every assignment undertaken. We are an organization designed offer the right work force at the right time and enabling clients for doing profitable business every day. We have further built in enduring the relationships with our clients and candidates in view of partnership and continuously seeking insights for work to deliver value over the time.

The enterprise international is swiftly evolving with time. It is continuously converting the size and the views of the groups to their enterprise outlook. It is essential to notice on this regard that resume formatting offerings are rapid turning into one of the perennial wishes of the groups. Companies are searching for CV formatting offerings. We help them in the recruitment process. The best benefit that the enterprise international enjoys these days is a strong partnership with an organisation like us who're geared up and adapt to deal with your wishes of CV formatting on an everyday basis. We have disciplined manner in region for the employers to deal with their recruitment wishes efficiently.

Recruiting manpower on the proper time and in the price range has emerge as one in every of the most important demanding situations for each company in coping with growth & targets. Inability to on board proper sort of sources at best time frequently consequences in dropping the organization’s growth. This is a recruitment agency like us is required for company that desires to get manpower for getting advantage from their expertise. The first-class component is, our whole system of recruitment is extra obvious than others, a candidate can honestly place their resume and select the organization or the location they're eligible & fascinated for the precise publish or the vacancy.

The desires of the businesses have now increased as requirement of resume processing with the help of outsourced service providers is now demanded. The CV formatting offerings which are been supplied through the agencies assist the enterprise entities deal with their recruitment demand. We may be perfect discern for presenting the proper resume shortlisting related to offerings as suggested by organisation. We cater to a massive phase of customers no matter industries. The agencies that demand for offerings to deal with plenty of factors with reference to make a powerful and objective driven recruitment. We will accelerate recruitment offerings if availed our offerings. Many redundant CVs could be removed. CV modelling will locate the right fit candidates.

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Best Recruiting Company India

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What Indonesia Online Aggregators can learn from Global Players: Ken Research

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A proportion of the population still relies on traditional sources of financing including banks, friends, relatives & other informal channels owing to reasons such as limited accessibility to banking services, lack of financial awareness, lack of collateral, etc. These reasons prompt individuals to look for alternative sources of financing options. With an internet penetration rate of ~40%, Indonesia lags behind by 2-3 years in digital adoption when compared to other emerging countries. The concept of online loan & insurance aggregation in Indonesia was introduced by CekAja in 2013 by providing price comparison across multiple loans & insurance products. Following a similar model, new players including Cermati, Aturduit, CekAja, etc entered the industry is currently placed in a growth phase recording a Y-o-Y growth rate of >15% (2018-2019). Leading players have been investing heavily in product & technology development. Yet, they still lag behind when compared to its global peers

Paisa Bazaar, one of the leading Online Loan Aggregators in India undertakes ~2Mn inquiries & ~27 Mn visitors per month. Witnessing similar demand patterns in Indonesia as in India, leading players can focus on certain key adoption areas. Firstly, the company has always aimed at becoming a one-stop solution provider. It has been working with a network of financial service providers to provide multiple financial solutions such as loans, insurance, Mutual funds, investments, etc. In the case of financial products, customers often prefer existing vendors instead of trying new ones thereby creating high cross-selling potential. This further helps the aggregator in marginally reducing its customer acquisition cost & increases per client ticket size for the firm. Once the database is maintained, the company can further use predictive analysis to suggest customized solutions to customers thereby attracting them again to the platform.

Aggregators players in Indonesia follow a commission/fee-based revenue model wherein commission is provided on the number of loans disbursed or policy sold. While the aggregator runs dedicated marketing campaigns for providers (lump sum amount paid for a certain number of leads), it is suggestive for them to follow a “Hybrid Revenue Model” for the same. This would enable the company to generate “Reward” for every lead supplied above the target provided thereby, creating an opportunity to earn higher revenue.

Lastly, Aggregator platform involves a major role play of technology. Aggregators around the world have been deploying highest of AI & Machine Learning modules to create advisory systems (in-house), reducing human role as much as possible thereby saving up on the majority of its operational cost (Telesales). Automated advisory services on these platforms are provided via chat-bot services using AI & predictive modeling to analyze the customer’s background & requirements, matching customer’s needs to options available thereby suggesting most suitable ones. This is observed to be a much-streamlined process, involves much less cost & enables usage of human advisory services (if required) to those in actual need of the product.

Following the approach to become a one-stop solution provider, aggregators must consider diversifying into segments of Wealth Management and P2P lending as this could enable them to undertake efficient utilization of customer data and generate higher returns.

Companies Covered: -

Cermati

CekAja

CekPremi

Futuready

Aturduit

KreditGogo

GoBear

Finder

Time Period Captured in the Report: -

Historical Period: 2015–2019

Forecast Period: 2020-2024

Key Topics Covered in the Report: -

Socio-Demographic, Economic, Banking & Fintech Scenario in Indonesia

Insurance Scenario in Indonesia with segmentation by Insurance type including Motor Insurance, Health Insurance & Life Insurance

Lending scenario in Indonesia with segmentation by Loan to Government, private (Individuals, NBFIs, NFIs) and Others

Household/Retail Lending Scenario with Segmentation by Multipurpose Loans, Mortgage loans, Credit Cards, Auto Loans, Loans to MSMEs, Home Appliance Loans & Others

Gaps in Traditional Loan Industry fulfilled by Online Loan Aggregators

Online Loan Aggregator Industry in Indonesia with Revenue Models followed

End-to-End Customer Journey followed

Technological & Organizational Structure followed

Regulatory Landscape

Competitive Landscape including Overview, Ecosystem & Cross Comparison among major players on basis of Operational, Loan/Insurance Providers, Product Portfolio and Website Features

Company Profiles- Cermati, CekAja, CekPremi, Aturduit, Futuready & KreditGogo

International Case Studies-PaisaBazaar& PolicyBazaar (India)

Future Outlook of Loans and Insurance & Online Aggregators

Impact of COVID 19

For More Information on the Research Report, refer to below links: -

Indonesia Online Loan Aggregator Industry

Related Reports by Ken Research: –

India Online Loans Market Outlook to 2019 - Industry Transformation by the Advent of Web Aggregators

UAE Online Loan Aggregator Industry Outlook to 2024 - Driven by Shifting to Contactless Services & Easy Online Loan Facilitation

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Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Rise in Demand of Automation to Drive Constructions & Demolition Robots Market: Ken Research

Construction and demolition robots are used over tasks associated to construction and civil engineering projects. These tasks also include concrete, building, drilling, tunneling, earthmoving, positioning, finishing, demolishing, and scaffolding. Construction robots further offers the various advantages such as rise in safety, quality, and productivity standards. Demolition robots are another type of construction robots which are gaining popularity in the mainstream applications for demolishing concrete and structural components of a building at the end of its life cycle.

According to study, “Global Constructions & Demolition Robots Market by Product Type, Automation Degree, Robot Function, Application Vertical and Region 2014-2025: Growth Opportunity and Business Strategy” some of the key companies operating in the global construction & demolition robots market are Advanced Construction Robotics, Construction Robotics, LLC, Apis Corp., Fastbrick Robotics Limited, Autonomous Solutions, Inc., Fujita Corporation, Brokk AB, Komatsu Limited, Conjet AB, Husqvarna Group, Cyberdyne, Inc., nLink Construction Robotics, Ekso Bionics, TopTec Spezialmaschinen GmbH, Lifco AB, Yingchuang Building Technique Co., MX3D, Sarcos Corporation, U.S. Bionics, Inc. (suitX). Some of the key companies are now focusing to leverage modern 3D printing technologies to enhance their overall product portfolio.

Based on product type, construction & demolition robots market is segmented into robotic ARMs, traditional robots and exoskeletons. The demand for exoskeletons further include the wearable mechanical suits that are worn outside the clothing by workers to assist in the lifting of heavy equipment, machinery, and supplies. Moreover, these suits are further designed to augment the human capacity overcoming any physical weaknesses and assisting workers over their tasks. Based on robot automation, market is segmented into semi-autonomous robots and fully autonomous robots. Based on robot function, market is segmented into 3D printing robots, concrete structural erection robots, bricklaying robots, demolition robots and others. The 3D-printing robots are also used over in designing the prototypes related to buildings and 3D models over the bridges that simplify the construction of complex design structure and allowing the construction companies to save time and costs associated. In addition, based on application, market is segmented into public infrastructure, nuclear dismantling & demolition, commercial & residential buildings and others.

The construction & demolition robots market is driven by lack of workforce in developed countries, followed by stringent government regulations for worker’s safety and rapid urbanization. Moreover, high equipment and setup costs may impact the market. Moreover, growth in skyscrapers and mixed-use building projects is a major trend for market.

Based on geography, the Asian-Pacific is a leading region in global construction & demolition robots market owing to growth in adoption of automation in mining and construction industries in countries like China, Australia, India, Malaysia, and Vietnam. Whereas, the European and North-American regions are estimated to exhibit considerable growth rate due to increase in number of government regulations, rise in demand for construction and demolition robots in various facilities, and growth in residential & non-residential construction projects over the forecast period. In near future, it is projected that the market will be reached at rapid pace on account of rise in need for cost and waste reduction coupled with increase in need for precision and efficiency in production during the forecast period.

For More Information, Click on the Link Below:-

Global Constructions & Demolition Robots Market

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Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249