US Breast Pumps Market Expected to Reach 2.5 Billion USD by 2028

 The US Breast Pumps Market is poised for a steered growth due to rise in birth rate, increased employment opportunities for women, growing awareness about breastfeeding benefits, and increasing online retail and e-commerce spending.

Story Outline

• Constant increase in birth rate in US, raising the demand for breastfeeding products and accessories such as breast pumps, thus leading to market growth.
• With 57% of labor force participation and an increased employment rate of 55% among women, breast pump is emerging as a boon for working mothers to manage their personal as well as professional life together.
• The increasing knowledge, awareness, and acceptance regarding breastfeeding, are pivotal factors that are driving growth of US Breast Pumps Market. Many new mothers are prioritizing breastfeeding their child rather than opting for powdered milk after knowing the nutritional benefits of breastfeeding for the child as well as the mother too.
• Increasing online retail and e-commerce spending has been seen as an important factor for the Growth of US Breast Pumps Market. As online platforms provide customers with a wide variety and easy accessibility of breastfeeding products.

US Breast Pump Market is expected to grow at a CAGR of 10% in the forecast period (2022-2028) and is being driven due to rise in birth rate, increased employment opportunities for women, growing awareness about breastfeeding benefits, and increasing online retail and e-commerce spending. This article will provide information about the growth drivers of the US Breast Pumps Market in detail.

1.  Constantly increasing birth rate in US increasing the need for breast pumps for new mothers.

A constant increase in the birth rate of US has directly benefitted the breast pump market by expanding the need and potential customer base of the US Breast Pump Market. As more babies are born the demand for breastfeeding-related products, such as breast pumps also increases. This surge in childbirth creates a larger audience of new mothers who requires breastfeeding solutions to make their life easier and more convenient.

In 2021, the number of births and general fertility rate in the United States increased for the first time in the last seven years. The total number of births in 2021 was reported around 3.65 million which is a 1% increase from that of 2020. The general fertility rate in 2021 was approx. 56.6 births per 1,000 women ages 15-44. In 2022, the estimated number of babies born across US was 3.66 million according to provisional data gathered from more than 99% of birth certificates issued that year.

The modest increase in birth rates in 2021 as well as 2022, has given rise to the use of breast pumps by new mothers leading to increased sales and for retailers and manufacturers. The increased demand also prompts manufacturers to innovate and launch new and improved breast pumps to cater to the evolving needs of the expanding customer segment.

Considering the rising birth rates, product innovation and increasing demand for breast pumps the US Breast Pumps Market is expected to grow at an expected CAGR of 10% in the forecast period 2022-2028.

2. Rise in labor force participation and employment rate, increasing the demand for breast pumps among working mothers.

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The increased employment rate in US for women has shown a major impact on US Breast Pump Market. As more women are inclined towards joining workforce, the demand for breast pumps is rising. When a woman is working, she needs to balance breastfeeding her child along with fulfilling the professional commitments at the workplace. Working women often feel the need to use breast pumps to express and store breast milk, as this provides nourishment to their infants while they are away from home for work.

The labor workforce participation rate of women in 2022, was around 57%. The age groups 25 to 34 years, 35 to 44 years, and 45 to 54 years all had participation rates above 75%, with 25 to 34 years having the highest participation rate of around 77.6%. Women with ages 16 to 19 had participation rate of around 37.2%, while women 65 years and older had a participation rate of around 15.5%. The involvement of women in the labor market has changed majorly in the past several years. Women received much more level of higher education from 1970 to 2021.

The proportion of women between the age group of 25 to 64 who held a college degree quadrupled. In 2022, the employment rate of women stands around 55%. The above data, increased women labor workforce, and employment rate fosters greater reliance of women on breast pumps. Employment-related laws such as provisions in the Affordable Care Act assures that workplace accommodations for new and nursing mothers, which increases the demand for breast pumps. All these factors influence women to use breast pumps while pursuing their professional careers, thus fueling the Breast Pump Market of US.

3. Does increasing knowledge, awareness, and acceptance about breastfeeding benefits, affecting the growth of US Breast Pumps Market?

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The increasing knowledge, awareness, and acceptance regarding breastfeeding, are pivotal factors that are driving growth of US Breast Pumps Market. As new mothers get to know about the dietary and immunological benefits of breast milk, they prefer to breastfeed their child for at least 6 months after the birth of the child. This growing awareness has a direct relation to the demand for breast pumps in the US market.

According to the data in 2022, around 83.2% of infants initiate breastfeeding at the time of birth with around 24.9% of the babies are exclusively breastfed till 6 months of age. From 2007 to 2022 there is a steady increase in breastfeeding rates over time. According to the Centers for Disease Control and Prevention, three out of four women (75%) in US breastfeed their child.

Breastfeeding not only protects babies from infections and diseases but also decreases the risk for mothers to have breast and ovarian cancers. The studies published in the journal Pediatrics estimated that almost 90% of the families in US follow guidelines related to breastfeeding exclusively for six months. By doing this those families saved approximately $13 billion annually from reduced medical and other costs.

This shows that the acceptance of breastfeeding by new mothers as a healthier choice enhances the outcomes of using breast pumps. The increasing acceptance and awareness regarding breast pumps create a symbiotic relationship with the breast pump market, hence helping the breast pump market of US to grow.

4.  Online retail and e-commerce making breast pumps easily accessible to the new mothers.

 

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Online e-commerce plays a significant role in increasing the growth of breast pump market in US. Online platforms provide convenience and accessibility to a vast variety of products to consumers who shop for breast pumps and related products. The online accessibility of such products allows customers to compare prices, customer reviews, etc. to make informed purchasing decisions while shopping online.

The e-commerce sales grew around 7.7% in 2022, year over year there is a dramatic drop from the double-digit e-commerce growth in each of the past five years, but the growth in 2022 is still enough to set a record high. The noticeable growth in sales comes with a slight bump in e-commerce penetration from 21.0% in 2021 to 21.2% in 2022. E-commerce share of total retail growth in 2022 was 23.8% year over year. That’s a slight down from 25.2% share of total retail growth in 2021.

Overall, the e-commerce spending in the past year shows that online retail and e-commerce spending has revolutionized the breast pumps market. By providing choice, convenience, and information to the new mothers the US Breast Pumps market is achieving record breaking growth along with the emerging players in the industry.

Conclusion

The growth of the US breast pump market is being driven by a combination of factors. The rising birth rate, increased employment of women, growing awareness about breastfeeding benefits, and the role of online e-commerce are collectively shaping the market's expansion. As birth rates increase, demand for breastfeeding solutions such as breast pumps rises. More women entering the workforce further fuels the need for convenient breastfeeding options. Increased awareness of breastfeeding benefits positively impacts demand. Additionally, the accessibility and convenience provided by online e-commerce platforms have transformed how products reach consumers. These factors synergistically contribute to the remarkable growth of the US breast pump market.

On the Path of Innovation and Safety: Middle East Automotive Tire Pressure Management System Market is shining: Ken Research

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The Middle East Automotive Tire Pressure Management System Market is estimated to grow at a CAGR of 10% between 2022-2028. The primary growth drivers of the market are rising consumer awareness about road safety, crucial advancements in TPMS technology, luxury and premium vehicle segments, government regulations and safety standards.

STORY OUTLINE

• In 2019 alone, around 2 Mn commercial and passenger vehicles were sold in the Middle East region where Saudi Arabia dominated the market.
• In Saudi Arabia and Qatar, a combined 70% of passenger cars with TPMS systems employ the recently introduced REDI-sensor line.
• In May 2022, Continental AG revealed an advanced combine-tire monitoring framework for its Combine Master and Combine Master VF tires called

According to Ken Research, The Middle East TPMS market is increasing significantly and is forecasted to grow more in the forecasted period. Saudi Arabia is the biggest region for the TPMS market in the Middle East market with a market share of 23%. In 2021, Saudi Arabia recorded 22 Mn units of tire sales, the highest in the whole Middle East region. In January 2019, UAE (United Arab Emirates) announced the construction of its first tire plant in the region which will be spread over 275000 square meters. The plant costs $600 Mn and can produce 3 Mn passenger car Radial (PCR0 tires annually.

1. Influence of COVID-19 on Middle East TPMS Market

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• Before the pandemic, the market of TPMS was growing at rapid speed as the market for automobile (Passenger and Commercial Cars) were increasing significantly. In 2019 alone, around 2 Mn commercial and passenger vehicles were sold in the Middle East region where Saudi Arabia dominated the market.
• The ban on travel and public lockdowns amid the global lockdowns affected the TPMS market in the Middle East heavily as the production of vehicles was stopped. Subsequently, the demand for the automotive industry decreased by 30% in the Middle East region which resulted in the downfall of the TPMS market.

Post-pandemic the automotive sector bounced back and showed significant growth in terms of sales and revenue. The industry resumed its operations and witnessed remarkable growth. The market is further expected to reach a value of $84 Mn by the end of 2026. This will help the TPMS market grow immensely as the growth of the automobile industry will automatically increase the sales and revenue of TPMS in the region.

2. Current Scenario ofthe Middle East TPMS Market

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• The Middle East Automotive Tire Pressure Management System Market is expected to witness remarkable development as the market is projected to increase at a CAGR of 10 %. The direct TPMS segment is dominating the market as these are adequately inflated tires that experience less tire wear and rolling resistance.
• Most of the countries in the Middle East region have made it mandatory for car manufacturers to use TPMS (Tire Pressure Monitor Management System) systems in the manufacturing of vehicles (Both Commercial and Passenger). Saudi Arabia and UAE are the two countries that have strict rules regarding road safety in their respective kingdoms.

The demand for the In-built sensor systems in TPMS is enhancing owing to different factors. The government and customers both are finding this sensor more accurate and effective. An industry leader in production and distribution, Continental, recently introduced a third multi-application TPMS sensor. In Saudi Arabia and Qatar, a combined 70% of passenger cars with TPMS systems employ the recently introduced REDI-sensor line.

3. Growth drivers of the Middle East TPMS Market

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• The market is influenced by a number of factors, some of which are crucial advancements in TPMS technology, rising consumer awareness of road safety, luxury and premium vehicle segments, government regulations and safety standards, concerns about fuel efficiency and the environment, and most importantly, the ongoing growth of the automotive industry.
• Middle Eastern countries always pay attention to road safety that’s the reason that the Middle Eastern countries have one of the lowest accident rates in the world. The strict rules and regulations in the majority of these countries made TPMS systems compulsory for all vehicles. Thus, Israel, a country in the Middle East ranks 8th in the lowest number of road accidents worldwide.
• Another factor impacting the growth of TPMS in the region is the growing luxury and premium vehicle segment in the region. UAE is leading the region in this region, the luxury car segment in UAE is estimated around $450 Mn in 2022.
• Legitimately inflated tires improve fuel proficiency by decreasing rolling resistance. With expanding concerns about fuel costs and environmental sustainability, customers and fleet operators are likely to show interest in innovations that help them save fuel and decrease their carbon impression, making TPMS an appealing choice.

4. Major Players in the Middle East TPMS Market

• Schrader Electronics, ZF Friedrichshafen AG, Pacific Industrial, PressurePro Enterprises Inc, Sensata Technologies, DENSO Corporation, Robert Bosch GmbH, Hella KGaA Hueck and Co are some of the key players in Middle East Automotive TPMS Market.
• One of the industry leaders in the Middle East for TPMS, Schrader Electronics, said in 2018 that it would invest $14 Mn in new vehicle product research. The Parent Company of Sensata also announced the opening of a new $16.5 million Research & Development facility.
• In May 2022, Continental AG revealed an advanced combine-tire monitoring framework for its Combine Master and Combine Master VF tires called Conti Pressure Check, planned to monitor tire pressure & temperature.

Conclusion

The Middle East TPMS market's trajectory reflects a motivating journey of resilience and development. The pandemic may have momentarily slowed its pace, but the recuperation has been nothing short of exceptional. With Saudi Arabia and UAE driving the pack, the region's commitment to street security and advancing technology has cleared the way for TPMS adoption. A strong car industry rebound further impels this development, underscoring the advantageous relationship between security and progress. As the market gears up for an anticipated 10% CAGR, collaborations among industry pioneers and continuous technological progressions guarantee an energizing road ahead. With the wheels set in motion, the Middle East TPMS market races toward more secure, more productive, and innovatively progressed roads.

USA Molecular Weight Marker is expected to reach $350 Mn in 2028: Ken Research

 Creating innovative products in the domain of life sciences & increasing use of personalized medicine ensures the increasing market for molecular weight markers.

In the realm of biotech breakthroughs, CRISPR gene editing & precision medicine markers stand as game-changers. These innovations allow us to re-write genetic instructions & unlock medical possibilities. Simultaneously, the demand for molecular weight marker surges, serve as the essential tools in characterizing DNA, RNA & proteins. These markers are pivotal in shaping the future of tailored medical approaches.

Story Outline

• CRISPR gene editing revolutionizes biotech by allowing gene manipulation, impacting medicine & fueling demand for biomolecule markers.
• Molecular weight marker demand rises in research, academia & pharmaceuticals, driven by accurate DNA, RNA and protein sizing needs.
• Integrating molecular weight markers with Software-as-a-Medical Device pioneers personalized medicine, optimizing treatment through real time patient feedback & monitored strategies.
• According to Ken Research, the USA Molecular Weight Marker market is expected to reach $350 million in 2028, due to the increasing advancement in molecular weight marking technology & varied applications across research & medical domains, which will help in speeding the growth of the market.

1. Revolutionizing Biotech: From CRISPR Gene-Editing to Precision Medicine Markers

Strengths & Weaknesses of CRISPR Gene-Editing

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There have been many ongoing innovations in biotechnology. This includes Gene Editing Technology where the biochemists worked on a technique for editing genes which is called CRISPR (clustered regularly interspaced short palindromic repeats), which enables scientists to enable to change & turn on & off a cell’s hereditary instructions.

Discoveries like these have a wide- ranging impact on medicine. Such researches are likely to drive the demand for biological molecule markers. These markers are essential for accurately determining the size of DNA, RNA & protein molecules.

2. Meeting the Rising Demand for Molecular Weight Markers in Life Sciences

Protein Molecular Weight Marker in Life Sciences

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As researches in life sciences & medical fields continues to expand, the demand for molecular weight markers in laboratories, academic institutions & pharmaceutical companies are expected to grow. For instance, Perkin Lemer offers research & development solutions for every step- from basic research through the development of new drugs.

They do this through cellular imaging & analysis, in vivo pre-clinical imaging solutions, drug reagents solutions, radiometric solutions, to name a few.

According to Ken Research, the USA Molecular Weight Marker market is expected to reach $352 million in 2028, due to the increasing advancement in molecular weight marking technology & varied applications across research & medical domains, which will help in speeding the growth of the market.

3. Elevating Molecular Weight Analysis with ThermoRule’s Innovative Solutions

Pierce Protein-Stained Molecular Weight Marker by Thermo Scientific Inc.

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Thermo Rule Scientific Inc. in United States offers innovative products to check the molecular weight. Some of these include Thermo Scientific PageRuler Plus & Protein Ladder, which is a mixture of nine blue, orange & red stained proteins. The protein is available in a ready-to-use format for direct loading onto gels, with no need to heat, reduce or add sample buffer prior to use.

Innovations that make molecular weight markers easy to use, more compatible & reliable with various techniques are likely to attract researchers & laboratories.

4. SaMD & Molecular Weight Markers: Pioneering Personalized Medicine

Personalized medicine in hypertension

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The trend towards personalized medicine requires a deeper understanding of genetic variations & protein profiles. Taking a patient-centric approach to treat hypertension, a study published in Journal of the American College of Cardiology demonstrated how a drug plus software-as-a-medical-device (SaMD) combination product can facilitate personalized drug optimization by integrating real-time patient feedback & closed loop model of care with traditional therapeutics.

Molecular weight markers are essential to characterize biomolecules, which is critical in developing personalized treatment strategies.

Conclusion

In the rapidly evolving technology landscape of biotechnology, innovations like CRISPR gene editing & precision medicine markers are re-shaping possibilities. These advances hold immense potential, allowing scientists to manipulate genetic instructions & characterize breakthroughs about medicine. Integrating software-as-a-medical device (SaMD) with molecular markers paves the way for personalized medicine, enhancing patient care through tailored drug optimization. These collective strides underscore the role of molecular weight markers in propelling medical progress.

The US Functional Flour market is projected to reach USD 30 Bn. by 2028

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The United States Functional Flour market which currently has a market size of USD 20 Bn. is anticipated to grow at a CAGR of ~7% in between 2022-2028 as per the findings of Ken Research.

STORY OUTLINE

• Food allergies are on rise in the United States which often results into dietary restrictions. Other alternative for high nutritious diets usually use functional flours. Thus, allergies are linked to causing demand for functional flours.
• Increasing customers’ demands for Gluten Free (GF) products due to the prevalence of Celiac Disease, Gluten Intolerance, Wheat Allergy, Thyroid problems and various other autoimmune conditions. GF products are known to be a huge user of functional flours.
• Rapid urbanization makes people aware about the benefits of using functional flours. Moreover, it is much easier to access functional flours in urban areas than rural areas. Thus, urbanization also contribute to the US Functional Flour market.
• Various technological advancements such as Extrusion Cooking, Micronization, Enzyme Treatment, Cryogenic Milling, and Fractionation make the process of manufacturing functional flours efficient and quick which ultimately helps in accelerating the US Functional Flour market.

A fast growing industry, rising cases of food allergies, rapid urbanization and technological advancements along with the rising demands for gluten free products are the various reasons responsible for the growth of US Functional Flour market. As per Ken Research, this market is anticipated to grow at a CAGR of ~7% between 2022-2028.

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• Rising flood allergies in the US: increasing the demand for Functional Flour

Functional Flours can be best described as alternative flour options that are different from traditional flours. These flours are associated with having more health benefits as compared to traditional flours. The growing allergies in the United States is the primary factor that increases the demand for functional flours in the US.

In the United States, over 30 million people suffer from food allergies. Out of the 30 million people, almost 5.5 million happen to be children aged under 18; which means that almost 1 in every 13 children have some sort of food allergy.

Milk, Peanut, Eggs, Nuts, and Wheat are the top five allergy causing foods in the US. Over 6 million people are allergic to milk and over 6 million people are allergic to tree nuts in the United States.

Celiac Disease and Gluten Intolerance is also on rise in the United States. These conditions increase the demand for functional flours as most of the traditional flours have gluten in it. Almost 1 in every 100 people in the US have celiac disease. Moreover, almost 6% of the total US population has the prevalence of Gluten Intolerance.

Furthermore, at least 23% of the US population prefer buying Gluten Free products. Here it should be noted that this number comprises of people who are gluten intolerant as well as those who buy Gluten Free products due to their personal choices.

All of these high prevalence of allergies increase the demand for functional flours as most of the traditional flours have gluten along with the traces of milk, soy and nuts. The increase in the demand for functional flours ultimately contribute to the growth of US Functional Flour market.

• Rapid Urbanization: making people health conscious which makes them explore functional flours:

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Urbanization also impacts the demand for functional flours and contribute to the growth and expansion of US functional flours market. The rise in awareness about functional flours regarding its health benefits is a major factor that increases the demand for functional flours.

These days, people without any dietary restrictions are also shifting towards alternative or functional flours because of their proven health benefits. Some of the benefits of functional flours include low carbohydrates and high protein as well as fiber.

Generally, people get to know these flours and their health benefits better in urban areas as compared to rural areas primarily due to E-commerce growth, Internet, Educational Institutions and workplaces. Moreover, the availability of functional flours is also easier in urban areas than rural areas. Thus, urbanization has a lot to do in contributing to the growth of US functional flours market.

In 2000s, 79% of the total US population was living in urban areas. In 2010s, 81% of the total population was engaged in urban areas. This number rose to 83% in 2020s.

Furthermore, at least 85% of the total population is projected to live in urban areas in 2030s, 87% population in 2024s and 89% population in 2050s.

Thus, the latest trends show that urbanization is rapidly increasing in the United States and it will continue to increase the demand for functional flours thereby accelerating the US Functional flours market.

• Rise in the sales of Gluten Free products: a field which makes effective use of functional flour

Nowadays, people are shifting their focus towards gluten free (GF) products from traditional gluten containing products. The demands for GF products is constantly rising due to the high prevalence of celiac disease, gluten intolerance, thyroid problems and various other autoimmune diseases. Many people believe that they have benefitted from GF products.

GF products make use of functional flours greatly as these flours typically tend to be gluten free. Not only people with health conditions are preferring GF products but normal people are also going ahead with gluten free living due to many benefits.

And this trend can be understood by taking a look at the retail sales of gluten free products in the US. In 2016, almost 1.6 Bn. GF products were sold. In 2017, almost 1.7 Bn. GF were products. This number rose to 1.8 Bn. GF products sales in 2018. In 2019, almost 1.9 Bn. GF products were sold. This number rose to almost 2 Bn. GF products in 2020. Furthermore, this number is only projected to increase in the upcoming years.

Since, Functional flours are primarily used in making GF products; thus, as the demand for gluten free products rise, the demand for functional flours also rise thereby contributing to the growth of US Functional Flour market.

• Technological advancements in manufacturing functional flours:

There are various technologies used in the US Functional Flour market which makes the task of creating functional or specialized flours easier and quicker. Some of the most common technologies that are used include Extrusion Cooking, Micronization, Enzyme Treatment, Cryogenic Milling, and Fractionation.

Extrusion Cooking can be best described as a high pressure and temperature process that works by putting a dough through a small opening. This process then transforms the starch structures present in the flour to make their gelling and water absorption better.

Micronization is another technological advancement that works by decreasing the size of particles of the flour to a very fine level with the help of advanced equipment. This process results into an increased surface area which ultimately results into better absorption, dispersion and solubility.

Enzyme Treatment is another advancement which works by making use of enzymes to help in the breakdown of numerous compounds primarily protein, and starch. The successful treatment of flour often results in better nutrient component, and gelling ability.

Cryogenic Milling is a very useful technology that aims to preserve the nutrient properties of the flour. It works by following the process of grinding the flour but at very low temperatures. Through this process, the size of flour’s particles is decreased but the nutrient properties are sustained.

Fractionation is a very useful technology of making functional or specialized flours which works by dividing the flour into fractions in different segments such as proteins, starch, various nutrients etc. These fractions can later be combined together to form functional and specialized flours.

To make functional flours we have various technological advancements taking place. These technologies make process of making functional flours not only easier but also very quicker. The quicker the functional flours products are made, the quicker is the growth of the US Functional Flour market.

CONCLUSION

The United States Functional Flour market is primarily concerned with the manufacturing and use of alternative flours which are different from our traditional flours within the US.

There are various reasons behind the growth of this market. Some of the major reasons include rising food allergies, rapid urbanization and rising demands for gluten free products along with the technological advancements in the field of flour manufacturing.

As per Ken Research, this market is anticipated to become USD 30 Bn. market by growing at a CAGR of ~7% in between 2022-2028.

US Dry type transformers Market expected to grow with CAGR of ~2% by 2028

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Dry type transformers are the trending transformers, which are hyping in the market, as they do not require cooling since their windings are enclosed in epoxy resin, rendering them useful for indoor as well as outdoor applications.

STORY OUTLINE

• According to Ken research, the US Dry type transformers market at a CAGR of ~2% during the forecast period (2023-2028).
• Factors driving the US Dry type transformers market are demand for Dry type transformers of smaller size and increased performance.
• Trends in US Dry type transformers market which are exaggerating the market by various key players.
• Competitive landscape of the US Dry type transformers market, which are making it, grow higher.

1.Growth of US Dry type transformers market is getting higher with ~2% CAGR.

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US Dry type transformers market is on a constant rise during the forecast years. They show a CAGR of ~2% during the forecast years 2022-2028 and will continue to grow exponentially. The basic reason for this growth is the compliance-driven need for the revamping of the already installed electrical systems.

 For the functioning of electrical infrastructure, Transformers have been and will continue to remain fundamental need and unlike the oil type transformers, they do not require cooling since their windings are enclosed in epoxy resin, rendering them useful for indoor as well as outdoor applications.

2.Which are the driving factors for the growth of US dry type transformer market?

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The driving factors of the market is the need compliance-driven need for the revamping of the already installed electrical systems and the need for reduction of greenhouse gas emission. The other factors are that they are cost-efficient and often come in a compact size which are ideal parameters for deployment of dry type transformers.

The driving factors are hyping the market to grow in positive direction. The market is extremely fragmented and locally variable with many players. Siemens AG, Schneider Electric SE, Hammond Power Solutions Inc., ABB Ltd. and Hyundai Electric & Energy Systems Co., Ltd. are the major companies operating in the Dry-Type Transformer Market.

Environmental degradation is not an issue with the dry type transformer technology. It also has much factors like possessing better impulse and short circuit strengths. Therefore, it provides a vast array of applications like mostly in residential buildings to small commercial complexes.

3.Trends which are hyping the growth of US Dry type transformers market

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The government has been promoting the utilization of dry type transformers with higher energy efficiency to minimize carbon emissions. The implementation of the US Department of Energy (DOE) energy efficiency standards can lead to a reduction of around 264.7 million MT of carbon emissions that are equivalent to the yearly greenhouse gas emissions of nearly 51.75% million automobiles.

The US amendment also predicts that from 2016, adherence to the rule can effectuate total cost reduction of about $12.9 billion to both residential and commercial consumers, triggering the North America dry type transformer market share over the upcoming years.

Many players are doing launches, acquisitions and ventures in the market resulting in its growth. Siemens Energy launched an innovative dry-type single-phase transformer for pole applications. Designed for the technological requirements of the American grid, the new cast-resin distribution transformer provides a reliable and sustainable alternative to oil-filled transformers. Hitachi Energy launched a plug-and-play dry-type traction transformer with an integrated cooling system which is designed to reduce CO2 emissions and total operating costs while increasing energy efficiency.

4.Outlook of US Dry type transformers market is expected to grow higher

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The driving factors are publicizing the market to grow in positive direction. The market is extremely fragmented and locally variable with many players. Siemens AG, Schneider Electric SE, Hammond Power Solutions Inc., ABB Ltd. and Hyundai Electric & Energy Systems Co., Ltd. are the major companies operating in the Dry-Type Transformer Market.

Distribution transformers are designed to offer maximum efficiency at lower loads. Moreover, the transformers' voltage regulation is kept to a minimum to improve efficiency. As a result, distribution transformers are designed to have a small leakage reactance.

These reasons are making sure that the market of Dry type transformers will grow in recent years in United States with a CAGR of ~2%.

US Sensors and Actuators Market expected to grow with CAGR of ~8% by 2028

 What is a sensor and what is actuator? Sensors generally work together actuators to automate and streamline industrial processes. This market is growing with a constant hike due to various trends and driving factors.

STORY OUTLINE

• According to Ken research, the US Sensors and actuators market at a CAGR of ~8% during the forecast period (2023-2028).
• Factors driving the US Sensors and actuators market are demand for sensors and actuators of smaller size and increased performance.
• Trends in actuators and sensors market which are exaggerating the market by various key players.
• Competitive landscape of the US sensors and actuators market, which are making it, grow higher.

1. Growth of US sensors and actuators market is getting higher with ~8% CAGR.

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US sensors and actuators market is on a constant rise during the forecast years. The market across the world is growing owing to the demand for factory automation applications. The COVID-19 pandemic has significantly accelerated the longstanding trend toward factory automation. Revenue is expected to show an annual growth rate (CAGR 2023-2027) of ~8%.  Revenue in the Sensors & Actuators market.

2. Which are the driving factors for the growth of US sensors and actuators?

Other driving factors of US sensors and actuators market

The segment of sensors and actuators is expected to continue to grow over the next five years driven by the demand for sensors and actuators of smaller size and increased performance in industrial automation, consumer electronics, Internet of Things (IoT), and implantable electronic applications. The growing demand for MEMS sensors used in advanced driver assistance systems (ADAS) which support increasing road safety would further drive this segment.

SCADA (supervisory control and data acquisition) components include sensors and actuators. SCADA systems include components deployed in the field to collect real-time data and related systems to allow data collection and enhance industrial automation.

The rise in automation of production systems in both discrete and process industries has increased the demand for components capable of providing critical data related to the production process. These sensors facilitate process control in factories by detecting the presence and position of metal objects.

3. Trends which are hyping the growth of US sensors and actuators market

• All over the globe there are various innovations taking place in the sensors and actuators markets. Different companies are using trending technologies resulting in hyping the market.
• In September 2021, TE Connectivity, a leading company in connectivity and sensors, acquired ERNI Group AG (ERNI), a leading player in electronic connectivity for factory automation and automotive. The acquisition of ERNI complements TE Connectivity's wide connectivity product portfolio, specifically in high-speed and fine-pitch connectors for automotive, factory automation, and other industrial applications.
• In August 2021, Parker Hannifin Corporation, a leading market player in motion and control technologies, announced the acquisition of Meggitt PLC, a company operating in aerospace and defence motion and control technologies. In Coventry, United Kingdom, Meggitt PLC had approximately USD 2.3 billion in annual revenue in annual revenue in 2020.

4. Outlook of US sensors and actuators market is expected to grow higher

Outlook of US sensors and actuators is a growing market due to various factors, which are the growing demand for MEMS sensors used in advanced driver assistance systems, which support increasing road safety, would further drive this segment.

• Sustainable and eco-friendly manufacturing practices will gain importance in the production of sensors and actuators, as environmental concerns continue to grow.
• Standardization: Efforts to standardize protocols and interfaces for sensors and actuators will likely continue, improving interoperability and ease of integration.
• 5G Connectivity: The rollout of 5G networks will facilitate faster and more reliable data transmission between sensors, actuators, and central systems, enabling new applications and enhancing existing ones.
• Market Consolidation: The market may see consolidation as larger companies acquire smaller specialized firms to broaden their product portfolios and capabilities.

India's Part-Time MBA Arena: A Battle of Brilliance and Ambition

 The demand for part-time professional MBA programs in India had been consistently rising due to the aspirations of working professionals to enhance their skills, advance in their careers, and increase their earning potential while continuing to work.

STORY OUTLINE

• Part-time MBA sector boasts diverse players including top business schools, universities, and specialized institutes, driving a dynamic competitive environment with unique program offerings.
• Seamlessly integrating advanced technology, institutions redefine education, with hybrid programs generating significant revenue, emphasizing technology's impact.
• Renowned schools witness fierce competition, high applicant volume, while eligibility balances academics and experience, catering to professionals' demands.
• Specialized tracks and industry ties distinguish institutions, reflected in high post-MBA role changes, spotlighting competitiveness and program relevance.

The competition landscape in the India Part-Time Professional MBA Market involves various factors that influence how business schools and institutions position themselves. Established business schools hold an advantage through their long-standing reputation and credibility. Program specializations play a crucial role, with schools offering unique and relevant concentrations attracting students seeking specific industry expertise.

1.  India’s Part-Time MBA Arena Thrives with Diverse Players

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The market showcased a dynamic array of participants, encompassing prestigious business schools, established universities, and niche-focused specialized institutes. This rich diversity of institutions contributed to a competitive and vibrant ecosystem.

In their pursuit of attracting students, these diverse players harnessed their strengths to craft distinct program offerings. They introduced innovative features, specialized tracks, and cutting-edge curriculum designs tailored to cater to specific industry demands.

Recognizing the needs of working professionals, these institutions took on the challenge of providing flexible formats. They curated hybrid learning models, part-time scheduling options, and interactive online components to accommodate the diverse lifestyles and commitments of their prospective students.

IIM Bangalore’s EPGPM and Executive MBA by SOM, Mahindra University are offerings in 20-25 lakh price point.

2. Tech-Powered Learning

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Institutions seamlessly melded advanced technology into learning, enabling remote collaboration. This dynamic approach redefined education, offering convenience and innovation in tandem.

Modern learning investments empowered tech-savvy professionals. Interactive virtual classes, AI assessments, and immersive tools enhanced engagement, attracting digitally inclined learners.

Tech integration made institutions prime choices for tech enthusiasts. Virtual engagement, digital resources, and real-world application lured learners seeking cutting-edge education in the digital era.

Over ~80% of the revenue is generated via hybrid programs from three institutions. This financial dominance underscores hybrid learning's transformative impact on the part-time Professional MBA market.

3. Demand vs. Supply: The Admissions Competition in MBA

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India's part-time MBA admission involves strict criteria, with renowned schools witnessing thousands of applicants for limited spots. In 2020-2021, a top business school received ~3,000 applications for ~300 seats.

Eligibility balances academics and work experience, catering to professionals. 'ISB' saw a ~8% acceptance rate, reflecting the competitive demand for part-time MBA seats.

Differentiation thrives in specialized tracks and industry ties. A prominent institution recorded 90~% post-MBA role changes or promotions, showcasing competition's reflection in industry relevance.

In conclusion, the India part-time Professional MBA market thrives on dynamic competition. Diverse players vie for prominence, powered by innovative program offerings and technological integration. As demand surges, admissions intensify, reflecting the market's competitive nature. This ecosystem's evolution signifies the symbiotic relationship between education and industry, fostering transformative growth.

European Blockchain in the BFSI Soars: Pioneering Growth Amid the Digital Revolution: Ken Research

 Europe Blockchain in the BFSI market is anticipated to grow at a CAGR of 65% in the forecasted period of 2022-2028. The market is making significant growth owing to factors like growing demand for comprehensive security procedures, higher compatibility with the financial services sector ecosystem, and faster and less expensive cross-border payment systems.

Story Outline

• Europe Blockchain in the BFSI Market made significant growth post-pandemic. In 2022, the European Investment Fund signed a financing contract worth $72 Bn.
• The BFSI sector contributes around 8% of the total economic output of the United Kingdom, the largest market of blockchain in BFSI in Europe.
• A blockchain platform called CLS and one of the top leaders in European blockchain in the BFSI market, IBM, announced their alliance in July 2018.

According to Ken Research, European blockchain in the BFSI market has made remarkable growth in the last few years. The market consists of a total of 40 countries across Europe but a few countries such as the United Kingdom, Germany, Italy, and France are the most dominant regions in the whole market. Europe blockchain in the BFSI market is filled with tech-savvy, robust, and “think big” players running the market with innovative and disruptive blockchain solutions. London Stock Exchange is the biggest stock exchange in Europe's BFSI market.

1. Impact of COVID-19 on Europe Blockchain in the BFSI Market

• The transparency of financial activities has been considerably improved by this blockchain technology. Around 50% of clients engaged in the financial market throughout the pandemic using digital channels, which creates the need for customer protection in the BFSI markets.
• The majority of businesses in Europe have incorporated blockchain technology into their operations to strengthen their position in the industry and get a competitive edge. IBM, Microsoft, Intel, Oracle, Daimler, and other businesses exploited blockchain technology throughout the COVID-19 epidemic.
• After 2020, the financial market began to expand in tandem with the pandemic-related company growth, and the GDP increased once more. Europe Blockchain in the BFSI Market made significant growth post-pandemic. In 2022, the European Investment Fund signed a financing contract worth $72 Bn.

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2. Current Situation of Europe Blockchain in the BFSI Market

• Europe Blockchain in the BFSI Market is projected to grow at a CAGR of 65% in the forecasted period of 2022-2028 as the market is set to witness huge investments from customers and key players.
• Dominant countries of the Europe Blockchain in the BFSI Market are setting the benchmarks for themselves in the above-mentioned forecasted period. The BFSI sector contributes around 8% of the total economic output of the United Kingdom.
• The increasing influence of digital currency and digitalization in Europe Blockchain in the BFSI Market are contributing hugely to the growth of this particular market. The Digital Payment Market in Europe is expected to reach $22 Bn by the end of 2030.

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3. Growth drivers of Europe Blockchain in the BFSI Market

• The primary growth drivers of the market are the growing demand for comprehensive security procedures, higher compatibility with the financial services sector ecosystem, and faster and less expensive cross-border payment systems.
• Blockchain's decentralized and unchanging nature improves security within the BFSI division. Transactions are recorded in a tamper-resistant way, lessening the hazard of fraud and unauthorized access. This level of security is especially critical in financial services, where sensitive client data, transactions, and resources are involved.
• Blockchain technology offers a way to coordinate diverse components of the monetary services environment, streamlining processes, and decreasing friction. Its straightforward and decentralized nature permits different financial institutions, mediators, and partners to associate more effectively, moving forward transparency and diminishing the need for mediators in complex processes.
• Cross-border payments in traditional frameworks can be slow, expensive, and subject to mediator fees. Blockchain's capacity to encourage peer-to-peer transfers and settlements in near-real time can altogether improve the speed and cost-effectiveness of cross-border transactions. This addresses pain focuses within the BFSI segment and can lead to expanded adoption by financial institutions seeking to improve their payment frameworks.

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4. Major Players in Europe Blockchain in the BFSI Market

• Some of the prominent players in the market are Accenture, Amazon Web Services, Group Limited, Hewlett Packard Enterprise Development (HPE), IBM Corporation, Intel Corporation, Microsoft Corporation, Oracle Corporation, Ripple Labs Inc., and SAP SE.
• A blockchain platform called CLS and one of the top leaders in European blockchain in the BFSI market, IBM, announced their alliance in July 2018. Nine additional budgetary administration companies, including the banks Barclays and Citi, have joined this platform in addition to IBM.
• In May 2019, three Irish banks (Institution of Banking, Bank of Ireland, AIB, and Ulster Bank) and Deloitte, another significant player in the sector, tested data management on the Ethereum blockchain for staff credential verification.

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Conclusion

In the dynamic landscape of the European BFSI blockchain market, accelerated growth is clear as it grasps advancement and disruption. Ruled by tech-savvy frontrunners, including the UK, Germany, Italy, and France, the market flourishes on comprehensive security measures, consistent financial ecosystem integration, and quick cross-border payments. The pandemic catalyzed digital adoption, cultivating straightforwardness and customer safeguarding. With an anticipated CAGR of 65%, blockchain's transformative potential sparkles because it meets with digital currencies and payments. As behemoths like IBM and Amazon forge alliances, the market moves towards a decentralized, secure, and productive financial future.

Unveiling Vietnam's Corporate Training Revolution: From Digital Skills to Workforce Dynamics

 Anticipated to achieve a robust revenue by 2028, the Vietnam Corporate Training Market is poised for transformation, pivoting towards Virtual Classroom Training and an augmented focus on Digital Skills.

Story Outline

• Dynamic Evolution: Vietnam's corporate training advances at 6.4% CAGR, led by adaptable e-learning ecosystems.
• City Workforces: Ho Chi Minh, Hanoi, Da Nang exhibit distinct labor dynamics, calling for diverse training approaches.
• Tech-Fueled Growth: IT surge, government support, and emerging tech drive Vietnam's corporate training
• Digital Transformation: Vietnam's training landscape adapts to virtual classrooms and digital skills demand.
• As per Ken Research, the Vietnam Corporate Training Market holds substantial potential due to the continual increase in business registrations each year. Hanoi and Ho Chi Minh City stand out as exceptional startup hubs, specifically within the thriving fintech and digital sector.

1.  Educational Transformation: Navigating Vietnam's Dynamic Corporate Training Evolution.

The Vietnam Corporate Training Market registered an impressive 6.4% Compound Annual Growth Rate (CAGR) from 2017 to 2022, majorly by the quick evolution of e-learning ecosystems offering adaptable learning rhythms. This conspicuous shift boasts the rise of self-directed, technology-driven educational pathways that bridge the gap left by traditional pedagogies. The synergy between technology and education is building a fundamental recalibration of skill acquisition methods, finely related to the dynamic demands of contemporary workplaces. As the momentum behind self-guided learning builds up, Vietnam's professional advancement landscape undergoes a profound transformation, potentially rectifying existing workforce training deficits and providing a wider array of individuals with the critical proficiencies required for excelling in an ever-fluctuating job structure.

2. Vietnam's Workforce Landscape: Dynamics in Ho Chi Minh City, Hanoi, and Da Nang.

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In Vietnam, Ho Chi Minh City stands as the nation's economic heart, holding a multifaceted workforce that has witnessed quick expansion, specifically within professional services, IT, and the hospitality sector, marking major changes in recent years. On the other hand, Hanoi presents an abundance of labor resources, encompassing both skilled and unskilled individuals, making 46.1% of the city's population, making it a favorable locale for providers offering corporate training programs. Meanwhile, Da Nang showcases a training gap, with only 44.7% of employed individuals aged 15 and above having received adequate training, underscoring the need for enhanced upskilling initiatives in the region.

3. Fueling Vietnam's Corporate Training Surge: IT Growth, Government Initiatives, and Tech Landscape

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Amidst the IT sector's rise initiated by strategic government initiatives, Vietnam's corporate training market is experiencing rapid growth, further intensified by global competition. The country's appeal to multinational corporations for outsourcing and establishing branches has motivated local enterprises to prioritize workforce development to maintain competitiveness. Through comprehensive corporate training initiatives, employees are equipped with skills aligned with global client demands. The Vietnamese government's determination is represented by the Vocational Training Law of 2020, aimed at improving program quality and fostering a good environment for increased workforce training investments. The pressing need for skilled labor, acknowledged by approximately 30.0% of companies, underlines the imperative to enhance corporate training endeavors as a remedy. The technology sector's flourishing landscape and expanding startup ecosystem, notably in AI, e-commerce, and fintech, drive escalated investments in areas like digital skills, coding, data analytics, and cybersecurity. These strategic training initiatives serve the surging demand for adept professionals capable of harnessing the potential of emerging technologies.

4. Vietnam's Corporate Training Landscape and Digital Skills Demand

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Anticipated to achieve a robust revenue by 2028, the Vietnam Corporate Training Industry is poised for transformation, tilting towards Virtual Classroom Training and an imperative focus on Digital Skills.

 Technological innovations encompassing Augmented & Virtual Reality alongside the nascent Metaverse concept hold the potential to redefine learning dynamics, enabling the creation of virtual rooms that facilitate enhanced interaction between trainers and students, offering immersive simulations for real-world experiential learning.

In response to evolving needs, companies are poised to integrate employee well-being and mental health considerations into their training strategies, featuring workshops addressing stress management, resilience, work-life equilibrium, and fostering a wholesome professional environment. The imperative of continuous learning and upskilling is gaining attention, driving demand for corporate training programs catering to lifelong learning, career advancement, and upskilling endeavors. As industries increasingly digitize, a burgeoning requirement for corporate training Market initiatives centered on digital proficiencies, spanning data analytics, artificial intelligence, cybersecurity, digital marketing, and e-commerce, is projected to emerge.

                               Vietnam Corporate Training Market Future Trends

Conclusion

As per Ken Research, the Vietnam Corporate Training Market holds substantial potential due to the continual increase in business registrations each year. Hanoi and Ho Chi Minh City stand out as exceptional startup hubs, specifically within the thriving fintech and digital sectors. This landscape is underlined by major unicorn startups like VNG, VNPay, Momo, and Sky Mavis. Vietnam's position as the 15th most populous country globally, boasting a youthful median age of 32.5 years, contributes to a substantial and youthful workforce. Furthermore, the listing of 79 new companies in 2022 and the registration of 0.2 million newly established companies accentuate the nation's dynamic economic trajectory and growing business ecosystem. These factors collectively affirm Vietnam's potential to harness its burgeoning workforce and entrepreneurial spirit, propelling its corporate training landscape toward a pro

US Digital forensics Market expected to grow with CAGR of ~12% by 2028

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Digital forensics is a branch of forensic science focusing on identifying, acquiring, processing, analyzing, and reporting data stored electronically. Digital forensics involves collecting electronic evidence from various sources, such as computers, smartphones, remote storage, unmanned aerial systems, and shipborne equipment. Electronic evidence is a component of almost all criminal activities, and digital forensics support is crucial for law enforcement investigations.

STORY OUTLINE

• According to Ken research, the US digital forensics market at a CAGR of ~12% during the forecast period (2023-2028).
• Factors driving the US digital forensics market are laws by government for data protection and increase in online platforms.
• Integration of Internet of things and data analytics are the major reasons for digital forensics market
• Outlook of US Digital forensics market is expected to grow higher until 2028

1.   Growth of US Digital forensics market is getting higher with ~12% CAGR.

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Digital forensics has grown from addressing minor computer crimes to investigating complex international cases that significantly affect the world. Digital forensics includes recovering and investigating material found in digital devices, often concerning computer crimes. US Digital forensic market is growing at a CAGR of 12 % from 2021 to 2028.

Majorly due to increase in adoption of digital IOT penetration in corporate sectors and also rise in cyber-attacks. According to the Internet Crime Complaint Center (ICC) and Federal Bureau of Investigation (FBI), 43,300 cases of online identity theft were reported to the IC3. Phishing and similar fraud ranked first, with 2,41,342 complaints.

2.   Which are the driving factors for the growth of US digital forensics market?

Major driving factors in US Digital forensics market are use of modern technologies in digital forensics products, increasing cybercrime rates and stringent regulations and compliance requirements. The use of modern technologies such as variable rate technology (VRT), data management software, mapping software, yield mapping software, and other digital forensics products is one of the major factors driving the growth of the digital forensics market.

In addition, Organizations and law enforcement agencies are investing in advanced digital forensics technologies to investigate and prevent cybercrimes effectively.

The implementation of strict regulations and compliance standards related to data privacy and security, such as the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA), is fuelling the demand for digital forensics solutions in North America.

3.   Integration of IOT and data analytics are the reasons of

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With the widespread adoption of the internet, smartphones, social media platforms like Facebook, Internet of Things (IoT), GPS, fitness trackers, and even smart cars, it has become increasingly difficult for digital forensics investigators to retrieve digital data. The increase in cloud computing applications providing access to files and other data from anywhere has made collaboration for different teams from different locations simpler for companies. Therefore, if more devices were connected to an enterprise, more sources would be available for hackers to intrude into the enterprise networks.

Conclusion

US Digital forensics market is constantly increasing due to various factors, which are driving in the segment. IoT and data analytics are making the industry grow with ~12% CAGR during the forecast years 2022-2028. The market is expected to grow with this CAGR by 2028. Factors, which are driving, are showing significantly increase in various segments and are resulting in the growth of the market.