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Global Stem Cells Market Is Expected To Reach US$ 13,731.5 Mn By 2025

Stem Cells Market 2018 - Global Market Size, Industry Share, Market Trends, Growth and Forecast to 2026

The latest market report published by Credence Research, Inc. “Global Stem Cells Market - Market Growth, Future Prospects, Competitive Analysis, 2017 - 2025,” the global stem cells market was valued at US$ 5,231.7 Mn in 2016, and is expected to reach US$ 13,731.5 Mn by 2025 expanding at a CAGR of 10.50 % from 2017 to 2025.

Browse the full report Global Stem Cells Market - Market Growth, Future Prospects, Competitive Analysis, 2017 – 2025 report at https://www.credenceresearch.com/report/stem-cells-market

Market Insights

Stem cells therapy will be transforming the medical treatment in the coming decades with a few factors yet to be addressed which surfaced during clinical trials studies such as intersection of cGMP guidelines with GCPs, and temperature control factors where it is easy to transport the cells within research centre but challenge arises when it is transferred to different countries.

Additionally once the stem cells are administered to volunteers enrolled under clinical trials the monitoring of safety is huge concern. The ICH guidelines regarding the stem cells therapy needs to be revised as they are 20 years old. In 2016, adult stem cells segment dominated the market due to key market drivers such as its high compatibility with human body, low contamination during the sub culturing protocols and has advantages of avoiding ethical issues associated with the use of other human cells. Induced pluripotent stem cells segment will be the fastest growing market throughout the forecast period 2017-2025, as it possess application in regenerative medicines, drug screening, disease modelling, and organoid generation.

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In 2016, regenerative medicine dominated the application segment due to factors such as rising prevalence of chronic diseases requiring immediate medical intervention, and it provides novel opportunities to the pharmaceutical companies by identifying the lead candidate and development of novel drugs. Drug discovery and development segment will be the fastest growing market throughout the forecast period 2017-2025, due to the factors such as increasing demand for stem cell technology from pharmaceutical giants to reduce the high attrition rate of late stage drug candidates and build innovative cellular models.

In base year 2016, autologous stem cell therapy held the largest market primarily due to factors such as no immunological rejection and no requirement of anesthesia during stem cells transfer to patient. Allogenic stem cell therapy will be the fastest growing segment throughout the forecast period 2017-2025, due to factors such as rising demand in oncology as it gives the graft versus cancer effect in the host and donor can donate more white blood cells whenever required.

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In 2016, North America held the largest revenue share mainly due to factors such as rising prevalence of chronic diseases, enhanced government spending in the research and development facilities studying stem cells therapy and affordable reimbursement scenario.

Asia Pacific will be the fastest growing market throughout the forecast period 2017-2025, majorly due to factors such as technological advancement in the extraction and harvesting of stem cells for therapeutic applications and supportive regulatory environment for stem cells product.

Key Market Movements:

  • Rising prevalence of chronic diseases requiring immediate medical intervention
  • Technological advancement in the stem cells isolation and harvesting procedures
  • Supportive regulatory environment for stem cells products
  • Merger and acquisition between healthcare insurance providers and specialty clinics has made it possible for patients to procure stem cell therapy reimbursement

Ophthalmic Drugs Market to Reach Worth USD 27.6 Bn by 2022

Ophthalmic Drugs Market 2018 - Global Market Size, Industry Share, Market Trends, Growth and Forecast to 2026

Global Ophthalmic Drugs Market to Reach Worth USD 27.6 Bn by 2022: Increasing Ocular Diseases Globally to Drive the Market

According to the latest report published by Credence Research, Inc. “Ophthalmic Drugs Market – (Prescription Type – Prescription Ophthalmic Drugs and Over the Counter (OTC) Drugs; Therapeutic Type: Glaucoma Ophthalmic Drugs, Retinal Disorder Ophthalmic Drugs, Dry Eye Ophthalmic Drugs and Allergic Conjunctivitis): Market Growth, Future Prospects and Competitive Analysis, 2016-2022,” the  market was valued at USD 17.2 Bn in 2015, and is expected to reach USD 27.6 Bn by 2022, expanding at a CAGR of 7.0% from 2016 to 2022.

Browse the full report Ophthalmic Drugs Market Growth, Future Prospects and Competitive Analysis, 2016-2022 at https://www.credenceresearch.com/report/ophthalmic-drugs-market

Market Insights                                                  

Globally, average life expectancy has been increasing and it’s posturing medical issues within the ophthalmology field. Among the elderly population, vision loss is a major healthcare problem. The growing prevalence of eye–related disorders has created huge scope for ophthalmic drugs. Moreover, new technologies combining drugs and device therapies are contributing significantly towards the development of ophthalmic drugs market.

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North America accounted for the largest market in the ophthalmic drugs market due to the rising number of patient population suffering from ocular diseases in the region. The prevalence of blindness and vision impairment and other eye related disorders is expected to increase rapidly among all age group, gender and racial group in North America.

Asia Pacific ophthalmic drug market holds high growth potential in near future due to factors such as rising geriatric population, rising investments in healthcare infrastructure and increasing prevalence of ocular diseases.

The ophthalmic drug industry can be classified into prescription ophthalmic drugs and over the counter (OTC) drugs. OTC drugs held the largest market share in the global ophthalmic drugs market. However, prescription ophthalmic drugs segment is anticipated to grow at highest CAGR during the forecast period due to the increasing rate of success for newly launched drugs which can only be bought by prescriptions assisting the market growth.

Among the therapeutic areas, glaucoma ophthalmic drugs held the largest share in global ophthalmic drugs market. It is estimated that over three million Americans are suffering from glaucoma, being the leading cause of blindness in people of 60 years of age. 

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However, the retinal disorder ophthalmic drug is anticipated to grow at highest CAGR due higher prevalence rate among people in the world. Thus the treatment for retinal disorders has the highest growth.


Switchgears Market to Reach US$ 197.5 Bn by 2025 from 2017 to 2025

Switchgears Market 2018 - Global Market Size, Industry Share, Market Trends, Growth and Forecast to 2026

According to a new market research report published by Credence Research “Switchgear Market (By Voltage: Low Voltage (Less than 1KV), Medium Voltage (1KV to 75KV) and High Voltage (Above 75KV); By End-use Industry: Transmission & Distribution Utilities, Manufacturing & Process Industries, Commercial & Residential Infrastructure) - Growth, Future Prospects, and Competitive Landscape, 2017-2025”, switchgear market was valued at US$ 89.4 Bn in 2016 and is expected to grow at a CAGR of 9.2 % during the forecast period from 2017 to 2025.

The complete report is available at https://www.credenceresearch.com/report/switchgears-market

Market Insights:

Switchgear is an assembly of electrical devices which are incorporated into the electrical circuits to protect other electrical equipment and appliances from the undesirable electrical occurring. Such occurring includes short-circuits, overloads, voltage fluctuations and overheating, among others. Switchgears have been used from past several years in order to safeguard electrical devices in power plants, transmission and distribution utilities, manufacturing and processing industries, and commercial and residential infrastructures.

Switchgears provides superior protection when compared to the normal protection offered by the fuse and other protection devices individually. Consequently, owing to the aforementioned merits the demand for the switchgears is expected to rise consistently in the following years.

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Growing demand for electric energy boosted the establishment of new power plants across the world. Switchgears are used to ensure the safety of heavy and expensive equipment and machinery in the power plants. Switchgears are also used to safeguard the electrical devices used in set-up and re-establishment of transmission and distribution utilities. With consistently growing power plants and renovations and up-gradation of power system networks, the demand for the switchgears is expected to escalate throughout the forecast period.

In addition, switchgears are also used to prevent electrical damage to the equipment and devices used for manufacturing and processing industries as well as residential and commercial complexes. With the growth in the aforementioned sectors, the market for switchgears is also expected to demonstrate a substantial growth in the following years. 

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Competitive Insights:

Switchgears market is highly fragmented and comprises several international manufacturers, as of 2016. With consistent up-gradation of electrical infrastructure and network, switchgear manufacturers are extensively striving to expand their sales and distribution network. Companies are concentrating on new and emerging markets in the Asia-Pacific, Middle East and Africa (MEA) and Latin America regions.

Major players in the market include ABB Ltd., Eaton Corporation PLC, General Electric Company, Mitsubishi Electric Corporation, TE Connectivity Ltd., Toshiba Corporation, Schneider Electric SA, Siemens AG, Hitachi Ltd, Crompton Greaves Ltd., Alstom SA, and Hyundai Heavy Industries Co. Ltd.

Key Trends:

  • High investments in up-gradation of transmission and distribution infrastructure
  • Growing awareness of energy efficiency measures and renewable energy projects
  • Expansion of sales and distribution network in new and emerging markets

Printing Inks Market 2018 - 2025

Printing Inks Market 2018 - Global Market Size, Industry Share, Market Trends, Growth and Forecast to 2026

Global Printing Inks Market Is Expected To Reach Over US$ 25 Bn By 2025

According to a new market report published by Credence Research “Global Printing Inks Market Growth, Future Prospects and Competitive Analysis, 2017 – 2025,” the global printing inks market is expected to reach over US$ 25 Bn by 2025, expanding at a CAGR of 4.6% from 2017 to 2025. 

Browse the full Global Printing inks Market by product type, solvent-based printing inks, water-based printing inks, oil-based printing inks and other printing inks; by process type, lithographic printing, gravure printing, flexographic printing, digital printing and other printing; by application, packaging, publication and commercial printing and other applications; by geography North America, Europe, Asia Pacific, Latin America and Middle East & Africa - Market Growth, Future Prospects and Competitive Analysis, 2017 – 2025 report at https://www.credenceresearch.com/report/printing-inks-market

Market Insights:

Printing is widely used on many different surfaces ranging from aluminum cans and plastic bottles through to paper. The basic raw materials for ink production are pigments, binders, solvents and additives. Demand for printing inks is growing rapidly owing to increasing array of end-use application and industries.

On the basis of product type, global printing inks market is segmented into solvent-based printing inks, water-based printing inks, oil-based printing inks and other printing inks. In 2016, oil based printing inks dominated the global printing inks market followed by solvent based printing inks. However, water-based printing inks and bio based printing inks are expected to grow at a faster rate.

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On the basis of application, the printing inks market is categorized into packaging, publication and commercial printing and other applications. In 2016, packaging segment accounted for the largest share of global printing inks market. It accounted for more than 35% revenue share in the global printing inks market. Printing inks is widely used in various sectors such as; automotive sector, sport, toys, promotional items, electronic, household appliances, plastic cups, pots, plastic bottles, plastic cartridges, plastic tubes, glass, labels, optical media, bottle caps, furniture industry, flexible packaging, wallpapers, cigarettes, bottle caps for wine and sparkling wine, aluminum covers, films. Rising demand from publication and commercial printing across the globe is expected to boost the demand for printing inks in upcoming years.  

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For the purpose of this study, the global printing inks market is categorized into regional markets viz., North America, Europe, Asia Pacific and Latin America and Middle East and Africa. In 2016, North America was observed as the largest market for printing inks followed by Asia Pacific and Europe. The overall growth of the Asia Pacific market will be above the global average during the forecast period. Asia Pacific is expected to achieve highest growth rate compared to other regions due to presence of countries such as China, India and Japan are observing significant growth in packaging and commercial printing industries. 

Global printing inks market is highly consolidated. Major players includes DIC Corporation, Flint Group, Royal Dutch Printing Ink, Sakata Inx., Siegwerk Druckfarben AG & Co. KGaA, Sun Chemical, T&K Toka, Toyo Ink S.C. Holdings, Wikoff Color etc. Existing players are facing intense competition from the small/ regional players as the market is highly price sensitive. The manufactures are investing in research and development to develop high quality, differentiated and cost effective products to increase their market penetration especially in key consuming economies.

Key Trends:

  • Traditional Oil Based and Solvent Base Printing Inks are Rapidly Replaced by Environment Friendly Printing Inks
  • Water Based Printing Inks is Expected to Register Highest CAGR
  • Flexography Printing Process Gains Prominence
  • Asia Pacific is likely to Drive the Printing Inks Market
  • Steady demand from the Packaging Industry

Acoustic Insulation Market 2018 - 2026

Acoustic Insulation Market 2018 - Global Market Size, Industry Share, Market Trends, Growth and Forecast to 2026

Global Acoustic Insulation Market Is Expected To Reach US$ 16.84 Bn By 2025: Increasing Government Norms Against Noise Pollution, Rising Standard Of Living, And Increasing Health Awareness To Facilitate Market Growth

The latest market report published by Credence Research, Inc. “Acoustic Insulation Market - Growth, Future Prospects and Competitive Analysis, 2017 - 2025,” the global acoustic insulation market was valued at US$ 10.39 Bn in 2016, and is expected to each US$ 16.84 Bn by 2025, expanding at a CAGR of 6.1% from 2017 to 2025.

Browse the full Acoustic Insulation Market - Growth, Future Prospects and Competitive Analysis, 2017 – 2025 report at https://www.credenceresearch.com/report/acoustic-insulation-market

Market Insights

Rising demand for sound quality auditoriums, music studios, and corporate workplaces are the key factors driving the global acoustic insulation market. The product not only curbs the ill effects of noise but also boosts sound quality of the enclosed surroundings. Over 47 million homes in the U.S. were under-insulated in 2016, which represent a strong market potential for the U.S. acoustic insulation market. Therefore, consistent strong sales growth is observed in North America.

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Polystyrene, glass wool, and rock wool are majorly used insulation materials for better noise pollution control. Rising noise pollution owing to a change in lifestyle together with regulatory norms for sustainable infrastructure are the major factors driving in acoustic insulation demand in commercial and residential spaces.

Manufacturing, construction, oil platforms, and electronics are some of the industries employing sound proofing materials and are witnessing considerable market growth. As per the analysis, transportation and construction and building segments are expected to register the highest gains over the forecast.

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Population growth combined with high urbanization and industrialization rates in the emerging markets, such as Brazil, China, India, South Africa, Mexico, and Russia, has generated the necessity for better residential and industrial infrastructure.

APAC registered for over 43% of the construction spending market in 2016 in terms of revenue the region generated close to US$ 4.5 Bn business. China was the largest market in APAC.

About Us:

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.


Pepper Market to Reach US$ 6,104.7 Mn by 2023

Pepper Market 2018 - Global Market Size, Industry Share, Market Trends, Growth and Forecast to 2026

Pepper Market to Reach US$ 6,104.7 Mn by 2023

According to a new market report published by Credence Research Inc., “Pepper Market (By Product Type (Black, White and Green), By Application (Food & Beverages, Health Care, Personal Care & Cosmetics and others)) - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023”, the worldwide pepper market was valued at US$ 3,676.3 Mn in 2015. In terms of volume the global market stood at 410.1 kilo tons in 2015.

Browse the full report at https://www.credenceresearch.com/report/pepper-market

Market Insights:

The global pepper market is driven by factors such as rising demand for convenient foods, bakery products and processed foods. In addition, rise in disposable income, changing food consumption patterns, rapid urbanization and rise in meat consumption is escalating the demand of spices and particularly for pepper. Pepper due to its antibacterial and antioxidant properties is also extensively used in health care and personal care & cosmetics industries.

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Adulteration is one of the major concerns for the spice industry. All spices whether, rare or common have their particular adulterants that they are mixed while preparation of the spices or entirely substitute the original spices. The black pepper is adulterated with dried seeds of papaya which look exactly like the real black pepper. It is almost next to impossible to detect this adulteration in large quantities of pepper. In the course of steaming process, whole pepper’s volatile oil is extracted and then its seeds are colored and mixed with unutilized pepper seeds in minute ratios.

The high growth potential in emerging markets and untapped regions which have started using more pepper in cooking, provide new growth opportunities for the market vendors.

Competitive Insights:

The global pepper market is highly competitive with presence of various international and regional players. The market players are adopting various strategies to increase their market position. Some of the key vendors present in this market are Baria Pepper, British Pepper and Spice, Everest Spices, MDH and Catch  among others.

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Key Trends:

  • Focus on enhancing new application area for pepper
  • Untapped and emerging regions provides huge market potential
  • Rising demand for health and wellness products

About Us:

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.


Printed Electronics Market 2018 to 2026

Global Printed Electronics Market To Grow At A CAGR Of 12.2% Between 2017 And 2025

According to a new market report published by Credence Research, Inc. “Global Printed Electronics Market (By Technology (Gravure, Screen Printing, Flexography, Off-set Lithography, Inkjet Printing, and Other Technologies), By Device (Smart Cards, RFID Tags, OLED, Photovoltaics, Sensors, Lighting, and Others), By Application (Consumer Electronics, Retail & Packaging, Automotive, Aerospace, Healthcare, and Other End-use Application) - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 - 2025”, the global printed electronics market is expected to reach US$ xx Bn, expanding at a CAGR of 12.2% from 2017 to 2025.

Browse the “Global Printed Electronics Market (By Technology (Gravure, Screen Printing, Flexography, Off-set Lithography, Inkjet Printing, and Other Technologies), By Device (Smart Cards, RFID Tags, OLED, Photovoltaics, Sensors, Lighting, and Others), By Application (Consumer Electronics, Retail & Packaging, Automotive, Aerospace, Healthcare, and Other End-use Application) - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2025 report at https://www.credenceresearch.com/report/printed-electronics-market

Printed electronics refers to a printing technique used to develop electronic devices by printing on different substrates. Printed electronics is one of the fastest growing fields and with technology advancements, printed electronics find applications across different products from different verticals including aerospace, healthcare, retail & packaging, and automotive among others. For instance, today, intelligent labels and packaging, flexible screens, and interactive advertisements and books are developed with printed electronics.

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As demand for thinner electronics expands, printed electronics would increasingly be used to form flexible keyboards, electronic skin patches, and antennas to be used in different products.  Another major reason for the growth of the printed electronics market is the advent of Internet of Things (IoT).

With the growth of IoT, need for low cost, light weight technology capable of sensing, securely storing, and transmitting information would drive demand for printed electronics like printed sensors, printed memory, etc. Despite being a fast growing market, one of the major challenges faced by printed electronics manufacturers is that the processes being new, trial-and-error and testing needs to be carried out efficiently.

 Printed Electronics Market

The advancements in flexible technologies have led to growing interest in wearable electronics. The market for wearable electronics, which is still in infancy, is expected to witness strong growth, evolving beyond its early adopter stage to reach mass market during the latter half of the forecast period. This, in turn is expected to benefit demand for printed electronics that are integrated into wearable electronics.

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In terms of device type, smart cards segment led the global printed electronics market. The growth in this segment can be credited to increased use of smart cards for packaging, unique identification verification, transactions (debit cards, credit cards, etc.)


Demand for managed security services in Asia-Pacific is increasing exponentially

The managed security services market is expected to witness significant growth in the near future. The increased number of sophisticated cyber attacks, lack of security expertise, stringent government regulations, and complexity of the IT environment are the main reasons for adoption of the managed security services. The embracement of advanced technologies such as IoT and increase in BYOD make organization data more vulnerable to attacks. The incidents influence the organization to adopt managed security services.

The North American region is estimated to hold the largest share in the global managed security services market. The top managed security services vendors are present in the region, such as IBM, SecureWorks, Verizon, Symantec, AT&T, and others. In addition, the organizations in this region are highly aware of cybersecurity and are early adopters of cybersecurity solutions and services. The USA holds the largest market share with the presence of key companies which generate most of their revenue from the clientele based in the country. Mexico is amongst the emerging market with the new national security strategy and increase in cyber-attacks.

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Europe is the second largest market for the managed security services. The market is driven by increasing adoption in countries, such as Germany, France, UK, and the Netherlands. Headquarters of prominent managed security services companies, such as BT Group, Accenture, Atos, and BAE Systems are located this region. In addition, the newly launched General Data Protection Regulation (GDPR) and number of other regulations in this region is enabling organizations to adopt managed security services.

The governments and businesses in the Asia-Pacific region faced multiple cyber attacks in the recent years. For instance, over USD 100.0 million was stolen from the bank in Bangladesh through a cyber attack in 2016. In the same year, frequent hacking of the Philippines Government’s sites was reported. The growth in the number of cyber attacks creates awareness and requirement to mitigate cyber threat in Asia-Pacific. The organizations in this region are going through digital transformation, which has given rise to new level of security threats. In addition, increase in adoption of cloud and IoT is expected to fuel targeted cyber attacks in the region.  Rise in such cyber crimes and new security challenges enabled the organizations to have holistic security approach, and adopt managed security services in this region.

 


Global Remote Vehicle Diagnostics Market Shares, Growth and Forecast Research 2018 to 2025

Remote Vehicle Diagnostics Market: Introduction
Remote vehicle diagnostics provide real time assistance/information of the vehicle to compare its performance against the benchmarks. The rising technology penetration in automobile such as the incorporation of internet of things (IoT) and telematics are helpful for the driver to communicate to original equipment manufacturer (OEM) to
have real time assistance in need. The telematics system is connected to the ECU and sensors which collects and sorts the data extracted from the vehicle which then communicates to remote server regarding any kind of failure occurred within the vehicles. It also suggests the type of action that needs to be taken.
The remote vehicle diagnostics market is anticipated to have significant growth over the forecast period majorly owing to the development of automated and electric vehicles, which have initiated the need for report vehicle diagnostic solutions for safer journey.
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Market Dynamics:
The rise in demand for electric, hybrid, and connected vehicles will proportionally increase the need for remote vehicle diagnostic systems, as they are embedded in them to ensure safe travel. These vehicles are equipped with connected sensors that provides the OEM real time assessment of the vehicles such as battery, door locking, health details and complaint statistics. By this real time data, manufacturers or service providers would able to provide accurate services required for the vehicles. For instance, Harman International offers ‘The Vehicle Health & Diagnostics Dashboard Solution’, a platform to determine the real time insights regarding the vehicle’s health and quality, which thereby renders the operational costs, accident liabilities and lesser response time to issues.
However, the connected vehicles have more threat to the cybercrimes which is at present a notable issue for the remote vehicle diagnostic market. This will further be attributed with the additional cost of services, thereby deterring the market growth.
By Vehicle Type:
Remote vehicle diagnostic market for commercial vehicles is anticipated to have a major share in the global market, majorly attributed by the benefits offered to fleet management providers coupled with increasing need for diagnostic services, along with the introduction of fleet management systems. For instance, Volvo offers Truck Diagnostic System which is PC based diagnostic software solution. It is designed for the fleets US07, US10 or US13 Volvo trucks models.
By Connectivity Type:
Bluetooth-based remote vehicle diagnostics market is projected to lead the global market over the projected period, primarily owing to the increasing number of in-car connections, between dashboard and various connectivity devices such as smartphones, tablets and laptops. According to a study by Insights and Reports, the total shipments of bluetooth systems in the year 2017 was nearly 760 million, which includes in-car systems, wireless headsets and wireless systems. The demand to embed the features such as navigation, infotainment and diagnostics inside the vehicle, has enhanced the demand for bluetooth-based remote vehicle diagnostic systems, which will further drive the market in the coming years.
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Regional Insights:
Asia Pacific remote vehicle diagnostic market is anticipated to grow over the fastest CAGR over the forecast period, owing to the up-surging sales of the electric vehicles, particularly in China and Japan. According to the International Energy Agency, China witnessed an approximate sale of over 5,80,000 electric cars in 2017. The rise in the electric car market would result in the emergence of the remote vehicle diagnostic
market, to have insights pertaining to the remote vehicle operations coupled with direct communication with owner and service providers.
Competitive Landscape:
Numerous companies in the market are competition with each other in order to provide better solutions and services for the remote vehicle diagnostics. In 2017, Bosch offered an innovative Predictive Diagnostics software solution which monitors, estimates and shares the results from the components and vehicle systems. The output data from the connected vehicles faults can be predicted and fixed on timely basis.
Key players in the market are Robert Bosch GmbH, Delphi automotive, Continental AG, Harman International, OnStar Operations, Mercedes Benz, Magneti Marelli and several others.


Petroleum Coke (Petcoke) Market 2018 to 2024

Petroleum Coke (Petcoke) Market 2018 Global Share, Trends, Challenges and Opportunities Research Report Forecast to 2024

Petroleum Coke (Petcoke) Market To Reach US$ 20,235.4 Mn By 2022

According to a new market research report published by Credence Research “ Petroleum Coke (Petcoke) Market (Aluminum and other metals, Cement Kilns, Power Generation, Steel Metal, Other Industry, and Storage) - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 - 2022”the global petcoke market was valued at US$ 11,520.0 Mn in 2014 and is estimated to expand at a CAGR of 7.8% from 2015 to 2022.

Browse the full report at https://www.credenceresearch.com/report/petroleum-coke-petcoke-market

Market Insights

Rising demand from cement and aluminum industries is driving the global market for petcoke. Growth in new residential homes, commercial and industrial sectors in emerging economies such as India, China and Middle East are projected to drive the petcoke market over the next few years. Furthermore, approval by EPA and CRS agencies will also boost the market demand for petcokeover the forecast period.

Petcoke market will witness growth in future due to rise in demand from various end user industry. The steel, storage and other industry, despite constituting only 5% to 9% of the global petcoke market, has huge potential in terms of application. Petcoke are used in a variety of other applications, such as paints & coatings, fertilizers and battery electrodes. Another industry which will drive growth in the market is the power generation industry. Petroleum coke (petcoke) is an economical and secure alternative fuel for power that can reduce the worldwide growing oil dependency. Usage of petcoke as a fuel for power and hydrogen would provide various strategic benefits. Increase awareness regarding the different applications scope of petcoke is projected to drive the overall market for petcoke over the coming years.

Besides the benefits of petroleum coke, there is a hindrance for petcoke that it has a hostile effect on the human health and environment, which in turn is limiting the growth of the market. Petcoke contain high sulfur and low volatile content, which causes environmental problems during combustion.

Competitive Insights:

Major companies operating in global petcoke market include ExxonMobil Corporation, BP Plc, Chevron Corporation, Royal Dutch Shell Plc, Essar Oil Ltd., HPCL – Mittal Energy Limited, Indian Oil Corporation Limited, Conco Philips, Reliance Industries Limited, Saudi Arabia Oil Company, and Valero Energy Corporation.

Key Trends:

  • Geographical expansion through organic as well as inorganic growth
  • Petcoke suitable for wide range of applications
  • Enhancing new applications area for petcoke

Browse the full report at https://www.credenceresearch.com/report/petroleum-coke-petcoke-market



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