Global Industrial Refrigeration market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD 30 Bn by 2028 – Ken Research

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What Is The Size Of Global Industrial Refrigeration Industry?

The Industrial Refrigeration Market is largely driven by increased use of natural refrigerant-based refrigeration as a result of stringent rules and regulations and the rising need for refrigerant for mass-produced cooling, frizzing, and chilling of food.

According to National Renewable Energy Laboratory (NREL), if a natural refrigerant system costs US$ $10,000 which is more than the baseline system, and the natural refrigerant system is expected to cost $2000 less per year to operate then it will pay back in 5 years.

Furthermore, a rise in the number of refrigerated warehouses with increased capacity propels the market growth.

It is majorly due to the constantly expanding population and rising demand for frozen and processed foods. According to American Frozen Food Institute, online frozen food dollar sales climbed 75% in 2020, with frozen dinners/entrees, beef, poultry, and seafood being the top online sellers.

During the ongoing COVID-19 pandemic, pharmaceutical, and the food and beverage sectors were operating at full capacity, raising the demand for industrial refrigerators and cold storage systems to store food products and vaccines. According to Pfizer, the COVID-19 vaccine should be kept in the refrigerator between 2 and 8 degrees Celsius for up to one month.

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Global Industrial Refrigeration Market By Component

The Global Industrial Refrigeration market is segmented by Component into Compressors, Condensers, Evaporators, Controls and Others.

The compressor segment held the largest market share of the global industrial refrigeration market in 2022, owing to high-pressure ranges of up to 30,000 PSI, energy efficiency, and the availability of oil-free and oil-flooded varieties.

Compressors play an important role by increasing refrigerant vapor pressure in a condenser which helps in maintaining temperature for storage of products and other preservatives.

In January 2020, Emerson Electric Co., an American manufacturing company launched a new product line of compressors, for industrial and commercial refrigeration.

Global Industrial Refrigeration Market By Refrigeration Type

The Global Industrial Refrigeration market is segmented by Refrigeration type into Ammonia. Carbon Dioxide, Hydrofluorocarbon and Others.

The ammonia segment held the largest market share of the global industrial refrigeration market by refrigerant type in 2022, due to the increase in the use of natural refrigeration which is less harmful to the environment.

The high critical temperature of ammonia (NH3) enables low-pressure production. Ammonia is widely utilized in industrial refrigeration owing to its cost-effectiveness and favorable thermodynamics. Both Ozone Layer Depletion Potential (ODP) and Global Warming Potential (GWP) of ammonia are zero. A refrigeration system driven by ammonia is 10%–20% less expensive than a typical refrigeration system.

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Global Industrial Refrigeration Market By Capacity

The Global Industrial Refrigeration market is segmented by Capacity into Less than 100kW, 100-500 kW, 500 kW -1,000 kW, 1,000 kW -5,000 kW and Above 5,000 kW.

The 500 kW-1,000 kW capacity segment held the highest market share in 2022, due to its extensive usage in the food and beverage industry for storing and preservation of products.

500 kW-1,000 kW capacity provides the cooling capacity which is important for industries such as food and beverage as it is used for storing and processing food. This capacity is also required for dairy products for increasing the shelf life and minimize the wastage of products.

Global Industrial Refrigeration Market By End-User

The Global Industrial Refrigeration market is segmented by End-User into Refrigerated Warehouse, Food & Beverage, Chemical & Petrochemical, Refrigerated Transportation, Pharmaceutical, Utility and Others.

The food & beverage segment accounted for the largest market share in 2022, owing to the rising popularity of frozen food.

The rise in the demand for packed and frozen food is one of the major factors for the growth of the food & beverage segment.

In March 2022, according to indiareailing, India's leading Retail Intelligence portal packed frozen food has been growing at a healthy rate of 20% which has attracted various companies such as ITC and Indian companies to start manufacturing packed and frozen foods.

Key Topics Covered in the Report

• Snapshot of the Global Industrial Refrigeration Market
• Industry Value Chain and Ecosystem Analysis
• Market size and Segmentation of the Global Industrial Refrigeration Market
• Historic Growth of the Overall Global Industrial Refrigeration Market and Segments
• Competition Scenario of the Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of the Global Industrial Refrigeration Industry
• Overview, Product Offerings, and Strength & Weakness of Key Competitors
• Covid 19 Impact on the Overall Global Industrial Refrigeration Market
• Future Market Forecast and Growth Rates of the Total Global Industrial Refrigeration Market and by Segments
• Market Size of Application / End User Segments with Historical CAGR and Future Forecasts
• Analysis of the Industrial Refrigeration Market in Major Global Countries
• Major Production/Supply and Consumption/Demand Hubs in Each Region
• Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
• Overview of Notable Emerging Competitor Companies within Each Major Country

Notable Key Players Mentioned in the Report

• Emerson Electric Co.
• Baltimore Aircoil Company
• Bitzer
• Daikin Industries Ltd.
• Danfoss
• GEA Group AG
• Güntner GmbH & Co. KG
• Ingersoll Rand
• Johnson Controls
• Lennox International Inc.
• LU-VE Group
• Mayekawa

Notable Emerging Companies Mentioned in the Report

• Dynamic Air Cooling Technology
• Barocal Ltd
• CACHE DNA
• Ubiblue
• V-Chiller

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

• Industrial Refrigeration Companies
• Component Manufacturing Companies for Refrigeration Equipment
• Industrial Refrigerator Distributors
• Industrial Refrigeration Association
• Government And Research Organizations
• Investment Banks and PE Firms focused on Industrial Refrigeration Sector
• Refrigeration Compressor Manufacturers
• Providers of Industrial Refrigerant
• Government Ministries and Departments of Heavy Industries
• Environment Regulatory Authorities
• Industrial Equipment Regulatory Authorities

Period Captured in the Report

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

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Industrial Refrigeration Market

The US Data Center Market is poised to reach a value of $28 Bn by 2027 owing to inclusion of green energy alongside an integration of innovative technology like Emergence of 5G Networks. Is Technology the way forward? Ken Research

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1. “Government induced new entrants:” The US Government has already shown a keen interest in the Data center market but the market will witness more policies, new entries & growth.

The U.S. government will promote data center investments through various initiatives, such as increasing the availability of land for development, reducing electricity tariffs, and enabling the procurement of renewable energy. Thus, such initiatives will drive the growth of the U.S. data center construction market during the forecast period. Moreover, The U.S. data center market will likely witness new players' entry. In 2022, some new entrants included AUBix, Edge Centers, Corscale Data Centers, Yondr, Quantum Loophole, and others. However, these new players will face competition from local and established global players.

Government Initiatives in US Data Center Market

2. “Green initiatives alongside innovative technology:” The US Data Centre market is poised to witness an innovative influx alongside green energy initiatives.

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Digitalization across businesses will contribute to a surge in data center investments by colocation, cloud, Internet, and telecommunication providers. Telecom companies such as AT&T, T-Mobile, CenturyLink, and Qualcomm are responsible for deploying and introducing 5G services in the U.S. The trend of procuring renewable energy to power the facilities will likely continue during the forecast period. Several operators are signing power purchase agreements with renewable energy companies.

Time Period Captured in the Report:

• Historical Period:2017- 2022
• Base Year: 2022
• Forecast Period: 2022-2027

Key Target Audience:

• Hospital
• ASC
• Consulting service Providers
• Government
• IT Service providers

Companies Covered:

• Amazon Web Services
• Google Clouds
• Cyrus One
• NTT
• IBM
• Verizon
• Flexential
• Switch
• Microsoft Corporation

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

US Data Center Market

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Thailand Data Center & Cloud Services Market Outlook 2027

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Indonesia automotive aftermarket is anticipated to Record a CAGR of 4% approx. by 2026- Multi Brand workshops will help the market achieve its targeted growth

 The Indonesian market is anticipated to witness the expansion of multi brand  car service centers in Tier I cities to give a tough competition to the authorized workshops in 2020, as per a report by Ken Research

1. Companies expanding presence in digital to cope up with covid losses- Trends in Indonesia automotive aftermarket Industry

                 

Car Servicing Alternatives in Indonesia

E-Commerce has become the new normal in Indonesia due to COVID-19. The automotive aftermarket service and spare parts companies are expanding their presence in the digital retail as the market looks far from recovery with the current rate of rising cases in the country. The companies are taking online booking so as to reduce avoid rush at the workshops. Few companies has started sending mechanics for home service for the customers.

Indonesia’s developing used car market is gradually becoming more structured due to the greater availability of flexible financing terms, standardized and authorized dealership channels and better transparency of information.

2. Multi Brand workshops dominated the Aftermarket Service Industry in Indonesia.

                  

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• 10-20% lower service cost as compared with that in authorized centres.
• Advantage of bundling small services together without charging extra for the same.
• High level of customization and personal service. Owners can request a particular mechanic to work on car and supervise the operation.
• Buyers opting to utilize low price point of garages for post-warranty cars.

3. There is high competitive rivalry in indonesia’s aftermarket service industry according to porters 5 force analysis

                        

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Players have wide presence across the country. Competitive pricing is present in market. The demand for high expertise mechanics is growing. Authorized service centers face high competition from multi-brand centers owing to shorter warranty period of cars. Authorized service centers pose stiff competition to multi-brands in terms of service quality, OEM-quality spares and expertise over vehicle brand.

Global Eyewear Market expected to record a CAGR of ~8% during the forecast period (2017-2028): Ken Research

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What Is The Size Of Global Eyewear Industry?

Global Eyewear market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2028F.

The Eyewear Market is largely driven by increasing adoption of luxurious accessories among millennials, surge in visual impairment among children, and increasing geriatric population.

It is predicted that the rise in the geriatric population would accelerate the expansion of the eyewear market over the forecast period. Risks of eye issues and diseases are increasing among the elderly population as individuals live longer which is evident in both developed and developing countries. Like, myopia and hypermetropia in older adults are expected to rise, which will propel market expansion. In low and low-middle-income countries, demand for eyeglasses is an underfunded zone as a smaller number of individuals are aware of their poor vision and seek treatment. In actuality, despite a firmly established supply in a region, the demand for glasses is still low since there is less knowledge of vision problems, the therapies that are accessible, and the level of acceptability of the eyeglasses on the market.

The COVID-19 pandemic's emergence has also had a favorable effect on the market. People spent more time on cell phones, laptops, and desktop computers as a result of the adoption of remote working models and online learning because of the lockdown constraints. Longer screen time encouraged consumers to purchase anti-fatigue and vision correction eyewear, which helped the Eyewear Market boost sales of anti-fatigue and blue light-canceling lenses.

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Global Eyewear Market By Product

The Global Eyewear market is segmented by Product into Spectacles, Sunglasses and Contact Lenses.

The spectacles product segment held the largest market share in the Global Eyewear Market in 2022.

The expansion of the spectacles segment can be attributed to higher consumer demand for the products brought on by the rising incidence of computer vision syndrome (CVS). This is mostly because more people use mobile phones and digital devices worldwide.

The use of anti-glare and anti-fatigue glasses has been prompted by the rise in cases of CVS among youngsters due to the growing trend of online learning, particularly during the pandemic. Additionally, the demand for spectacles has increased as clear and colorful translucent glasses gain in popularity.

Global Eyewear Market By End-User

The Global Eyewear market is segmented by End-user into Men, Women and Children. The women end user segment held the largest share of the Global Eyewear Market in 2022.

According to the Vision Council of America, 64% of women worldwide who are adults wear vision correction items, from about 75% of the adult population.

There has been an increase in the proportion of people who wear glasses occasionally or always. According to the college of optometrists, more women than men wear glasses (72% versus 66%) and contact lenses (16% versus 11%), and they also place higher importance on eye exams, with 59% of women rating them as "very important," compared to 45% of men.

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Global Eyewear Market By Distribution Channel

The Global Eyewear market is segmented by Distribution Channel into Retail Store, Online Store and Ophthalmic Clinics. The online store distribution channel segment held the largest share of the Global Eyewear Market in 2022.

As a result of people being obliged to practice social seclusion during the pandemic, online services experienced tremendous growth. The increased use of smart devices, the generous discounts provided by online marketplaces, and the ability to compare features and pricing are all contributing to the e-commerce market's expansion. Additionally, e-commerce websites enable users to write product reviews, which enhances the user experience and aids businesses in understanding consumer preferences, which in turn encourages sector growth.

Key Topics Covered in the Report

• Snapshot of the Global Eyewear Market
• Industry Value Chain and Ecosystem Analysis
• Market size and Segmentation of the Global Eyewear Market
• Historic Growth of the Overall Global Eyewear Market and Segments
• Competition Scenario of the Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of the Global Eyewear Market
• Overview, Product Offerings, and SWOT Analysis of Key Competitors
• COVID-19 Impact on the Overall Global Eyewear Market
• Future Market Forecast and Growth Rates of the Total Global Eyewear Market and by Segments
• Market Size of Product/ End User Segments with Historical CAGR and Future Forecasts
• Analysis of the Eyewear Market in Major Regions
• Major Production / Consumption Hubs in the Major Regions
• Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
• Overview of Notable Emerging Competitor Companies within Each Major Country

Major Players Mentioned in the report

• Johnson & Johnson Vision Care, Inc.
• EssilorLuxottica
• Bausch & Lomb Inc.
• CooperVision
• Carl Zeiss AG.
• CIBA VISION
• Safilo Group S.p.A.
• De Rigo Vision S.p.A
• Fielmann AG
• Marcolin SpA.
• HOYA Corporation.

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Notable Emerging Companies Mentioned in the Report

• Allure Eyewear L.L.C.
• Eyeking, LLC
• Optical Express Ltd.
• Norville Optical
• Pearle Vision
• Mister Spex

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

• Spectacles Manufacturers
• Lenses Manufacturers
• Sunglasses Manufacturers
• Spectacles Frame Manufacturers
• Spectacles Frame Designers
• Sunglasses Frame Designers
• Health and Medical Authorities
• Environmental Protection Authorities
• Investors interested in Healthcare Industry
• Eyewear Exporters
• Optical Engineering Companies
• Lens Designer Companies
• Eyewear Brands Distributors
• Eyecare Research Institutes
• Government Ministries and Departments of Healthcare

Time Period Captured in the Report

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

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

Global Eyewear market

Global Extended Reality Display Market expected to record a CAGR of ~25% during the forecast period (2017-2028): Ken Research

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What Is The Size Of Global Extended Reality Display Industry?

Global Extended Reality Display market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD 100 Bn by 2028.

The Extended Reality Display Market is largely driven by rising adoption of extended reality devices in the healthcare sector.

Extended reality devices are widely used in the healthcare sector by surgeons to detect every aspect of the human body, which helps them to see complex body structures easily during surgeries.

Extended reality technology also helps medical practitioners to memorize information regarding human body parts such as the brain and heart more easily.

The excessive use of extended reality devices has many health issues as many users have reported that they have experienced several issues like headaches, eyestrain, dizziness, and nausea after using extended reality devices.

Since Covid-19 Pandemic, the use of XR Technology is widely increasing such as for Learning, Training, and Treatment purposes as it encourages students, teachers, and professors to learn and educate using augmented reality, virtual reality, and mixed reality labs due to the lack of offline interaction due to government norms and lockdowns worldwide.

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Global Extended Reality Display Market By Solution

The Global Extended Reality Display market is segmented by Solution into Consumer Engagement and Business Engagement.

The consumer engagement segment by solution held the largest market share in 2022 in the global extended reality display market.

Customer engagement is the process of interacting with customers through different channels to develop and strengthen a relationship with them. It is a strategy used by companies to add value throughout every client encounter and boost loyalty.

In February 2019, Warby Parker, which is an American online retailer of prescription glasses, contact lenses, and sunglasses, offers an augmented reality (AR) try-on under which customers are able to test Glasses virtually using their mobile phones. Furthermore, there are going to be no delivery charges on multiple orders for new customers.

Global Extended Reality Display Market By Application

The Global Extended Reality Display market is segmented by Application into Virtual Reality (VR), Augmented Reality (AR) and Mixed Reality (MR).

The Virtual Reality (VR) segment by application held the largest market share in 2022 in the global extended reality display market.

Virtual Reality is creating a digital world using computer technology to access that digital world users use various VR devices such as VR headsets, haptic gloves, feedback controllers, and more.

In addition, teachers in a variety of educational centers are now focusing on virtual reality technology for providing better teaching such as 3D teaching models. VR, technology is less expensive, also more engaging, and visually appealing for students.

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Global Extended Reality Display Market By End-User

The Global Extended Reality Display market is segmented by End-user into Retail, Education, Industrial & Manufacturing, Healthcare, Media & Entertainment, Gaming, Aerospace & Defense and Others.

The Gaming segment is projected to be the fastest growing market during the forecast period owing to the increasing adoption of immersive technologies in the gaming industry, along with the rising investment by key players.

In January 2022, Microsoft acquired Activision Blizzard, which is the leader in gaming development and interactive entertainment content publisher. The acquisition will help the company to accelerate growth in the gaming business such as more games for the Microsoft Xbox series (Xbox is a gaming console launched by Microsoft).

Global Extended Reality Display Market By Geography

The Global Extended Reality Display market is segmented by geography into North America, Europe, Asia- pacific and LAMEA.

North America is estimated to be the dominant among all regions within the total global extended reality display market, however Asia Pacific is likely to be the fastest growing region during the forecast period.

The extended reality market in North America is expected to dominate for the forecast period, mostly because of the existence of several suppliers that have made considerable investments in market innovations. The marketplaces for augmented reality (AR), virtual reality (VR), and mixed reality (MR) have been among the most inventive in nations like the US.

In August 2022, Microsoft Inc. launched its wrist-mounted VR controller, which has haptic technology. The controller will be synced with the pointer in the screen thus the user is able to feel the actions on the screen.

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Key Topics Covered in the Report

• Snapshot of the Global Extended Reality Display Market
• Industry Value Chain and Ecosystem Analysis
• Market size and Segmentation of the Global Extended Reality Display Market
• Historic Growth of the Overall Global Extended Reality Display Market and Segments
• Competition Scenario of the Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of the Global Extended Reality Display Industry
• Overview, Solution Offerings, and Strengths & Weaknesses
• COVID-19 Impact on the Overall Global Extended Reality Display Market
• Future Market Forecast and Growth Rates of the Total Global Extended Reality Display Market and by Segments
• Market Size of End-user Segments with Historical CAGR and Future Forecasts
• Analysis of the Global Extended Reality Display Market
• Major Production/Supply and Consumption/Demand Hubs within Each Major Country
• Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
• Overview of Notable Emerging Competitor Companies within Each Region

Notable Key Players Mentioned in the Report

• Qualcomm Technologies Inc.
• Magic Leap
• Google
• Meta
• HP Development Company, L.P
• SoftServe Inc.
• Sony Interactive Entertainment LLC
• Accenture
• Apple Inc.
• Northern Digital Inc.

Notable Emerging Companies Mentioned in the Report

• QuaQua
• CXR
• TreeView
• Lucid Reality Labs
• FFFACE.ME

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

• Extended Reality Display Manufacturers
• Government Ministries of Health and Family Welfare
• Extended Reality Display Industry Association
• Extended Reality Display Companies
• Financial Institutions Targeting Extended Reality Display Industry
• Government Ministries and Departments of Information Technology
• Investors and financial community professionals
• PE and VC Firms focused on Information Technology Sector

Time Period Captured in the Report

• Historical Period: 2017-202
• Forecast Period: 2022E-2028F

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

Global Extended Reality Display Market

Global Hospital Bed market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD 6 Bn by 2028 – Ken Research

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What is the Size of Global Hospital Bed Industry?

The Hospital Bed Market is largely driven by surging chronic diseases such as cancer, diabetes, stroke, and other infectious viruses.

According to World Health Organization, nearly 10 million deaths in 2020 were caused by cancer worldwide, the most common cases of cancer were lung, prostate, skin, stomach, colon, and rectum. Globally, more than two third of all death are occurred due to one or more of these five chronic diseases including heart disease, cancer, stroke, diabetes, and chronic obstructive pulmonary diseases. The increasing number of cases and deaths due to chronic diseases worldwide is likely to fuel the growth of the hospital bed market.

Higher costs of advanced hospital beds are likely to hamper the growth of the market. GoodRx Health, an online health resource company stated that a new hospital bed can cost in the range of US$ 500 to more than US$ 5000, depending on the features. Manual hospital beds are less costly and have a hand crank to change their heights and angle.

COVID-19 has helped in the growth of the hospital bed market. Individuals diagnosed with COVID-19, required emergency care and receive medication at a hospital, thus creating the need for hospital beds.  More than half of the world’s intensive care units (ICUs) have been occupied by individuals diagnosed with COVID-19, which further prompted hospitals to add more hospital beds into their facilities to cater to the patients.

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Global Hospital Bed Market By Type

The Global Hospital Bed market is segmented by Type into Acute Care, Long Term Care, Bariatric Care and Others.

Acute care segment held the largest market share of the Global Hospital Bed Market in 2022, owing to the increasing number of regular doctor consultations, and checkups.

In acute care, the patient is treated for short-term or brief diseases, trauma, and recovery during the surgery. Acute care is provided by multiple clinical personnel using technical equipment, pharmaceuticals, and medical supplies.

According to the Connecticut Public Health Association, an affiliated association of the American Public Health Association, stated that an acute care hospital is defined as a short-term hospital that has facilities, medical staff, and all necessary equipment.

Global Hospital Bed Market By Power

The Global Hospital Bed market is segmented by Power into Electric, Semi Electric and Manual.

The electric power segment accounted for the largest market share in 2022, owing to the upgradation in hospital bed technology, and the rising prevalence of acute diseases.

A fully electric bed has specialized features both for the comfort and well-being of the patients and for the convenience of health caregivers.

Presence of leading companies operating in full electric hospital beds, like Hillroom, Paramount, Amico, and others, is expected to catalyze the expansion of this market.

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Key Topics Covered in the Report

• Snapshot of the Global Hospital Bed Market
• Industry Value Chain and Ecosystem Analysis
• Market size and Segmentation of the Global Hospital Bed Market
• Historic Growth of the Overall Global Hospital Bed Market and Segments
• Competition Scenario of the Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of the Global Hospital Bed Industry
• Overview, Product Offerings, and Strengths & Weaknesses of Key Competitors
• COVID-19 Impact on the Overall Global Hospital Bed Market
• Future Market Forecast and Growth Rates of the Total Global Hospital Bed Market and by Segments
• Market Size of Power / End-User Segments with Historical CAGR and Future Forecasts
• Analysis of the Global Hospital Bed Market
• Major Production/Supply and Consumption/Demand Hubs in Each Major Region
• Major Continent-wise Historic and Future Market Growth Rates of the Total Market and Segments
• Overview of Notable Emerging Competitor Companies within Each Major Continent

Major Players Mentioned in the Report

• Stryker
• Hill-Rom Holdings, Inc.
• Getinge AB
• Invacare Corporation
• Paramount Bed Co Ltd
• Medline Industries LP
• Linet spol s.r.o
• Stiegelmeyer GmbH & Co. KG
• Malvestio Spa
• Amico Corporation

Notable Emerging Companies Mentioned in the Report

• DiaMedical USA
• Vital Mobility Medical Supplies Inc.
• Westin Healthcare Inc
• Hengshui Hengzekang Medical Equipment Co., Ltd.
• Satcon Medical

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

• Hospital Bed Manufacturing Companies
• Electric Bed Component Suppliers
• Medical Bed Manufacturers
• Nursing Bed Manufacturers
• Clinics and Hospitals Bed Suppliers
• Consulting Companies in the Healthcare Market
• Investment Banks Targeting Healthcare Industry
• Iron, Steel and Wood Suppliers for Hospital Furniture Companies
• Plastics and Composites Manufacturers
• Industry Association & Regulatory
• PE and VC Firms focused on Healthcare Sector
• Banking and Financial Institutions focused on Healthcare Sector
• Environmental Regulatory Authorities
• Government Ministry of Health Department
• Research and Development Institutes
• Furniture Distributors & Resellers
• Healthcare Start-ups
• Potential Entrants into Hospital Furniture

Time Period Captured in the Report

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

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

Global Hospital Beds Market

KSA Health Tech Market Thrives with Over $50 Mn Investment in Healthcare IT Systems and Online Consultations, Serving over 660 Th Patients, What's Next?: Ken Research

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Online Consultation and Healthcare IT Systems Market (Segment of KSA Health Tech Market) are expected to growth at a robust CAGR of 22.5% and 9.0% respectively in next 5 years, says a report by Ken Research.

1. Exploring the Rapid Growth of Online Consultation Market in KSA: Pandemic and High Mobile Internet Penetration Driving Demand

KSA Online Consultation Market GMV and Revenue, 2017-2022: Click Here

Due to the pandemic, medical consultations shifted to online platforms as a replacement for face-to-face consultations. This trend has continued, with e-consultations being used to treat patients from a distance and reduce crowding in healthcare settings. The adoption of telehealth in KSA has been driven by the high penetration of smartphones and the internet among the population, which was 92.4% and 100% in 2022, respectively. Telehealth has also been mandated by the MoH to be covered by healthcare insurance provided by public and private bodies.

2. Recent Market Trends: Fundraising for Patient Journey Improvement, Diabetes Management, and Virtual Hospital Establishment

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3. The Robust Growth of Healthcare IT Solutions Market in KSA: Government Mandates and Benefits Drive Impressive CAGR During 2017-2022

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Global Hard Seltzer market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD 18 Bn by 2028 – Ken Research

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What Is The Size Of Global Hard Seltzer Industry?

The Hard Seltzer Market is largely driven by increasing adoption of western culture coupled with rising preference for flavored alcoholic beverages among young consumers.

 Rising consumption of carbonated beverages along with the increasing preference for hard seltzer beverages for their low-calorie and enhanced taste among millennials is likely to propel the growth of the Global Hard Seltzer Market.

The Global Hard Seltzer Market faces challenges due to the stringent regulations laid by governmental bodies on hard seltzer products.

The high custom duties and excise duties limit coupled with tax policies laid on the import and exports of seltzer beverages may hinder the growth of the market.

The COVID-19 pandemic drastically impacted the Hard Seltzer Market owing to the strict lockdown impacted the import and export, the manufacturing process of hard seltzer as well as the limitations on social gatherings in the initial stage have dropped the demand for hard seltzer. In the second stage, the demand for hard seltzer rose significantly as hard seltzer drinks were easily available on e-commerce channels like Drizly, Minibar, and others. Moreover, the outbreak impacted the consumption pattern of alcoholic beverages among consumers and increased the demand for low-calories, low-alcohol-content beverages among consumers, which has benefitted the growth of the Global Hard Seltzer Market.

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Global Hard Seltzer Market By Abv Content

The Global Hard Seltzer market is segmented by ABV Content into ABV Less than 5% and ABV More than 5%. ABV more than 5% segment held the largest share of the Global Hard Seltzer Market by type in 2022, owing to the growing trend of moderation among consumers.

The change in drinking patterns and rising focus on health and wellness along with the increasing number of consumers wanting to cut down on alcohol has boosted the demand for low-alcohol content beverages like hard seltzer, which is anticipated to fuel the demand for the segment in the Global Hard Seltzer Market.

Global Hard Seltzer Market By Flavor

The Global Hard Seltzer market is segmented by Flavor into Lime, Berries, Pineapple, Grapefruit, Orange and Others.

The lime segment accounted for the largest share of the Global Hard Seltzer Market in 2022, attributed to increasing consumer preferences for sour and fruity flavors in alcoholic beverages.

The increasing company focus on the innovation of new flavors including lime flavor hard seltzer in the market to fulfill the demand of consumers coupled with the rising popularity of citrus-flavored hard seltzer like lime among the young population, is anticipated to aid the growth of the segment in the Global Hard Seltzer Market.

Global Hard Seltzer Market By Packaging Type

The Global Hard Seltzer market is segmented by Packaging type into Bottles, Cans and Others.

Cans segment accounted for the largest share of the Global Hard Seltzer Market in 2022, owing to its lightweight and easy-handling packaging?

The increasing preference for less bulky, lighter packaging, and readily recyclable packaging among manufacturers as well as packaging which also saves transportation costs and saves shelf space is anticipated to boost the demand for the segment in the market.

Global Hard Seltzer Market By End-User

The Global Hard Seltzer market is segmented by End-User into Consumers and Commercial.

Consumers segment accounted for the largest share of the Global Hard Seltzer Market in 2022, attributed to the increasing popularity of strong carbonated drinks with low-alcohol content and a variety of flavors.

Rapid urbanization and an upsurge in disposable income, adoption of western culture along with the change in lifestyle and drinking patterns, and rising demand for low-calorie, less sugar alcoholic beverages among consumers, is likely to boost the demand for the segment in the Global Hard Seltzer Market.

Global Hard Seltzer Market By Distribution Channel

The Global Hard Seltzer market is segmented by Distribution Channel into Hypermarkets/Supermarkets, Specialty Stores, Convenience Stores and Others.

Supermarkets/hypermarket segment accounted for the largest share of the Global Hard Seltzer Market in 2022, due to the high customer reach, wide availability of different brands in one place, a large consumer base, and the capacity to hold multiple users simultaneously.

The availability of different flavors and brands of hard seltzer in supermarkets or hypermarkets along with the increasing preference of consumers to shop for hard seltzer in supermarkets due to huge discounts and offers is likely to propel the growth of the segment in the market.

Global Hard Seltzer Market By Geography

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

North America region accounted for the largest share of the Global Hard Seltzer Market in 2022, owing to the rising consumer awareness regarding hard seltzer and the presence of major brands in the region.

Easy availability of international brands of hard seltzer in the region coupled with the increasing number of manufacturers promoting their products and introducing new products in the market, is expected to augment the growth of the region in the Hard Seltzer Market.

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Key Topics Covered in the Report

• Snapshot of the Global Hard Seltzer Market
• Industry Value Chain and Ecosystem Analysis of the Hard Seltzer Market
• Market size and Segmentation of the Global Hard Seltzer Market
• Historic Growth of the Overall Global Hard Seltzer Market and Segments
• Competition Scenario of the Hard Seltzer Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of the Global Hard Seltzer Industry
• Overview, Product Offerings, and Strategic Developments of Key Competitors
• COVID-19 Impact on the Overall Global Hard Seltzer Market
• Future Market Forecast and Growth Rates of the Global Hard Seltzer Market and by Segments
• Market Size of Application/End-User Segments with historical CAGR and Future Forecasts
• Analysis of the Hard Seltzer Market in Major Regions
• Major Production / Consumption Hubs in the Major Regions
• Major Production/Supply and Consumption/Demand Hubs in Each Region
• Major Country-wise Historic and Future Market Growth Rates of the Total Hard Seltzer Market and Segments
• Overview of Notable Emerging Competitor Companies within Each Major Region

Major Companies Mentioned in the Report

• Anheuser-Busch InBev
• White Claw Seltzer
• The Boston Beer Company
• San Juan Seltzer
• Hard Seltzer Beverage Company, LLC
• BON V!V
• THE SMIRNOFF CO.
• Blitz-Weinhard Brewing Company
• Molson Coors Beverage Company
• Corona Seltzer

Notable Emerging Companies Mentioned in the Report

• Heineken
• Pursue Hard Seltzer
• Sonic Hard Beverages
• The Coca-Cola Company
• Mode

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

• Hard Seltzer Producers
• Spiked Seltzer Producers
• Alcoholic Beverages Manufacturers
• Hard Sparkling Water Manufacturers
• Alcoholic Beverages Companies
• Carbonated Drinks Companies
• Suppliers of Packaging Materials (Suppliers of Bottles, Corks)
• Food Regulatory Authorities
• Alcoholic Beverages Regulatory Authorities
• Government Ministries and Departments of Alcoholic Beverages
• Investment Banks and PE Firms Focused on Alcoholic Beverages Industry
• Potential Entrants into Alcoholic Beverages Industry
• Beverages Research and Development Associations
• Investment Banking & Financial Institutes
• Research & Development Institutes for Alcoholic Beverages Sector
• Investors in Hard Seltzer Start-ups
• Investors in Alcoholic Beverages Start-ups
• Environmental Regulatory Bodies
• Packaging Equipment Manufacturers
• Government & Food Safety Regulations
• Caffeine Producers
• Sweetener Producers
• F&B Marketing Agencies
• Government Departments for Food Standards

Period Captured in the Report

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

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Global Hard Seltzer Market

How increasing labor costs is paving way for the Agricultural Equipment Market to flourish in Australia by 2026?: Ken Research

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The Australian agricultural equipment market is expected to grow at a steady rate during 2021 and 2026. The agricultural equipment industry in Australia is currently driven by the drastic decline in the population involved in farming and agriculture and increasing labor costs. This has led to an increase in mechanization across the agricultural industry, which in turn is anticipated to generate lucrative opportunities for sector growth by 2026.

Here is an overview of how increasing labor costs is paving way for the Agricultural Equipment Market to flourish in Australia in the coming years.

1. Australia is a self-sustainable country in food production with 239,000 workers employed in agriculture in 2021

2. Due to increasing labor costs in Australia, farmers and farm owners are looking for alternative options which are mechanization and automation in the production process

3. High cost of purchase and Warranty and Repair related concerns are the major challenges in the Australia Agriculture Equipment industry

4. To curb the issues, the Australian Government provides concessions and credit loans to farmers to assist them in the purchase and maintenance of agricultural equipment in Australia

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5. Also, the rise of online physical-digital channels of purchase and increasing mechanization will intact the growth story of the Australian equipment industry in the coming years

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Australia Agricultural Equipment Market

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Thailand Medical Devices Market is expected to generate a revenue of more than $ 7 Bn by 2026– IoMT Technology to act as a catalyst for market growth

 The Thailand market is dominated by imports of medical devices which make in-house production a key advantage for any local or international player, as per a report by Ken Research

1.Key Challenges for Local Manufacturers in Thailand Medical Device Market that needs to be addressed

Other Challenges in Medical Device Industry  

• Inadequate Ecosystem Support: A major challenge for players in most segments/sub-segments is that a large part of the component supply chain is imported.
• As the market has been majorly dependent upon imports, the scope for ‘local innovation’ has been limited.
• Absence of indigenous ‘quality certification’ authority.
• High cost of financing: The industry is capital intensive, thereby increasing the financial burden for players planning to set up manufacturing facilities in the Thailand.

2.Increasing Disease Burden of Chronic Diseases and Growing Medical Tourism are 2 of the strong growth drivers for the industry.

                                      

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The four main NCDs - cancer, cardiovascular diseases, diabetes and chronic obstructive pulmonary disease (COPD) - claim 400K lives annually or more than 1K lives every day, and are responsible for 74% of all deaths in the country.

The number of patients has been forecasted to rise around 1.5 times in 2030. These would increase demand for modern, hi-tech medical equipment, especially for diagnostic purposes.

Foreign tourism and was rising about 3.5% annually, serving clients largely from America, Europe and the Middle East. The increasing medical tourist flow will drive the demand for quality healthcare services, medical devices and technology.

3.Technology Trends in the Medical Device Market- Internet of Medical Things (IoMT) plays a cruicial role.

                                        

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Internet of Medical Things (IoMT) Ecosystem provides for

• Improved patient outcomes
• Improved diagnostic & treatment
• Decreased costs
• Remote monitoring of chronic diseases
• Improved disease management
• Enhanced patient experience

Robotics have been incorporated in the manufacturing of medical devices as it improves efficiency and quality of operations.

 Collaboration between healthcare providers and MedTech is key to the effective deployment of the connected ecosystem.

Predictive analytics models using ‘Big Data’ can improve the quality of care and patient outcomes, as well as help physicians gain useful insights.