Author: georgebuttler

Smart Parking Market Trends, Share, Size, Report 2023-2028

Smart Parking Market Outlook

According to a new report by Expert Market Research titled, “Global Smart Parking Market Size, Share, Growth, Analysis, Report and Forecast 2023-2028″, the smart parking market reached a value of approximately USD 6.4 billion in 2022. Aided by the growing need for efficient vehicle management solutions in densely populated cities and the rising levels of environmental pollution, the market is projected to further grow at a CAGR of 15.1% between 2023 and 2028 to reach a value of USD 14.8 billion by 2028.

Smart parking refers to an intelligent parking system that employs embedded sensors, real-time data collection, high-speed video, and other innovative technologies to help drivers find parking spaces quickly. It plays a crucial role in alleviating congestion, reducing driver frustration, and enhancing the overall parking experience. Apart from aiding vehicle management, smart parking solutions also significantly contribute to reducing carbon emissions, thereby promoting environmental sustainability.

The rise in urban population and vehicle ownership has led to an increased demand for smart parking market. Growing city populations, particularly in emerging economies, and a subsequent surge in vehicle purchases, have stressed conventional parking systems. As a result, there has been a significant shift towards smart parking solutions, leading to a heightened demand in the market.

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Further, the increasing adoption of Internet of Things (IoT) in the transportation sector has facilitated the smart parking market growth. The integration of IoT with parking systems enables real-time information sharing about available parking spaces, helping drivers save time and fuel.

Moreover, advancements in vehicle automation and the rise of smart cities have enhanced the application scope of smart parking solutions, thus boosting the smart parking market expansion. As urban regions worldwide evolve into smart cities, smart parking becomes a critical component of urban planning. With this ongoing transformation, the adoption of smart parking systems in public facilities, airports, shopping centres, and corporate institutions is set to rise.

Additionally, favourable government policies and initiatives supporting the implementation of smart parking solutions further propel the smart parking market development. Various local governments have embraced the technology to optimise parking space utilisation, reduce congestion, and decrease CO2 emissions.

Also, advancements in artificial intelligence and machine learning technologies present lucrative opportunities for the smart parking market development. AI-enabled parking systems can offer predictive analysis and personalised services, making parking hassle-free and more efficient for users.

Smart Parking Market Segmentation

The market can be divided based on solution, system type, component, sensor technology, vertical, and region.

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Market Breakup by Solution

  • Security and Surveillance
  • Parking Reservation Management
  • Valet Parking Management
  • License Plate Recognition

Market Breakup by System Type

  • Guided Park Assist
  • Smart Park Assist
  • On-Street
  • Off-Street

Market Breakup by Component

  • Parking Sensors
  • Steering Angle Sensors
  • ECU
  • Display Unit

Market Breakup by Sensor Technology

  • Ultrasonic Sensor
  • Radar Sensor
  • Image Sensor

Market Breakup by Vertical

  • Government
  • Commercial

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global smart parking companies. Some of the major key players explored in the report by Expert Market Research are as follows:

  • T2 Systems
  • Flowbird Group
  • Amano Corporation
  • IBM Corporation
  • Robotic Parking Systems, Inc.
  • SKIDATA GmbH
  • Streetline
  • Continental AG
  • Valeo Park4U
  • Amano McGann, Inc.
  • Others

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Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.

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Stacker Crane Market Growth, Share, Size, Trends, Forecast 2023-28

Stacker Crane Market Outlook

According to a new report by Expert Market Research titled, “Global Stacker Crane Market Trends, Share, Size, Analysis, Report and Forecast 2023-2028″, the stacker crane market reached a value of USD 1061 million in 2022. Aided by incorporation of internet of things in stacker crane and growing demand for automated storage and retrieval solutions, the market is projected to further grow at a CAGR of 7.10% between 2023 and 2028 to reach a value of USD 1601.22 million by 2028.

Stacker cranes, also known as automated storage and retrieval systems (AS/RS), are computer-controlled systems designed for automated storage and retrieval of products in manufacturing facilities, warehouses, and distribution centres. These systems significantly enhance efficiency, accuracy, and productivity in material handling processes, ensuring timely delivery and inventory accuracy. As industries worldwide emphasise the ‘Industry 4.0’ revolution, integrating digitalisation and automation in their operations, the stacker crane emerges as a pivotal component.

A notable driver impacting the global stacker crane market outlook is the exponential growth of the e-commerce sector. With consumers increasingly turning to online platforms for a diverse range of products, companies are pressed to ensure timely deliveries and inventory accuracy. Here, stacker cranes come into play, offering efficient storage solutions, ensuring the swift dispatch of products, and reducing manual labour costs.

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Moreover, the manufacturing sector’s ongoing evolution, transitioning from traditional practices to ‘smart manufacturing,’ offers a fertile ground for stacker crane market growth. As industries pivot towards optimising their supply chains and reducing lead times, the demand for automated storage solutions like stacker cranes has seen an uptick. The automotive and electronics industries, in particular, with their stringent requirements for precision and timely production, heavily rely on these systems.

The pharmaceutical industry, too, given its emphasis on traceability, safety, and rapid response times, is incorporating stacker crane systems resulting in fuelled stacker crane market demand. The need for efficient storage and swift retrieval of drugs, especially in times of unprecedented demands like global health crises, underscores the significance of such advanced systems.

The integration of AI and machine learning in stacker crane systems, ensuring predictive maintenance and real-time inventory management, is one such avenue being explored. Furthermore, as businesses globally recognise the long-term ROI of these systems in terms of efficiency, reduced labour costs, and enhanced customer satisfaction, robust stacker crane market expansion is expected.

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Stacker Crane Market Segmentation

The market can be divided based on type, operation type, end use industry, and region.

Market Breakup by Type

  • Single Column
  • Double Column

Market Breakup by Operation Type

  • Semi-Automatic
  • Automatic

Market Breakup by End Use Industry

  • E-commerce/Retail and Wholesale
  • Consumer Goods
  • Pharmaceutical
  • Automotive
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global stacker crane companies. Some of the major key players explored in the report by Expert Market Research are as follows:

  • SSI SCHAEFER Group
  • American Crane & Equipment Corporation
  • Daifuku Co., Ltd.
  • Kion Group AG
  • KNAPP AG
  • Vanderlande Industries B.V.
  • Doosan Logistics Solutions Co. Ltd.
  • Interroll Group
  • Others

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Stacker Crane Market: https://www.expertmarketresearch.com/reports/stacker-crane-market

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Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.

Our high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today’s competitive market.

Don’t miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation’s future success by acquiring one of our Expert Market Research reports today.

Media Contact:

Company Name: Claight Corporation
Contact Person: George buttler, Corporate Sales Specialist – U.S.A.
Email: sales@expertmarketresearch.com
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Address: 30 North Gloud Street, Sheridan, WY 82801, USA
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Optoelectronics Market Growth, Share, Size, Trends, Report 2023-28

Optoelectronics Market Outlook

According to a new report by Expert Market Research titled, “Global Optoelectronics Market Price, Size, Share, Analysis, Report and Forecast 2023-2028″, the optoelectronics market reached a value of USD 6.36 billion in 2022. Aided by rising investment in research and development of optoelectronics and increasing development of autonomous vehicles, the market is projected to further grow at a CAGR of 14.90% between 2023 and 2028 to reach a value of USD 14.52 billion by 2028.

Optoelectronics encompasses electronic devices that interact with light or use light for their operation. Devices like photodiodes, LEDs, and solar cells epitomise optoelectronics, merging the principles of electronics and photonics. These components find extensive applications, especially in display screens, sensors, and communication devices, while serving an instrumental purpose in industries such as telecommunications, healthcare, automotive, and more.

The global optoelectronics market expansion is being boosted by the massive surge in demand for energy-efficient LED lighting solutions, given the worldwide shift towards sustainable and green technologies. LEDs, being highly energy-efficient and having a prolonged lifespan compared to traditional lighting solutions, have found broad acceptance, particularly in urban landscapes.

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Moreover, the widespread use of optoelectronics in consumer electronics, like smartphones, tablets, and smart televisions, has substantially boosted the optoelectronics market demand. With the increasing consumer demand for devices with better visual displays and advanced sensors, optoelectronic components have become indispensable.

Telecommunications is another sector heavily dependent on optoelectronics. Fiber optic communications leverage optoelectronic devices for the transmission and reception of data, offering faster speeds and larger bandwidth. Given the insatiable global demand for high-speed internet and the need for enhanced data communication systems, the optoelectronics market stands to gain significantly.

Advancements in the automotive industry, particularly the development of autonomous vehicles and smart transportation systems, are further underpinning the optoelectronics market growth trajectory. Components like infrared LEDs and optocouplers play crucial roles in vehicle safety systems, lane departure warning systems, and traffic light sensors, emphasising the industry’s shift towards smarter and safer transportation modes.

Furthermore, the healthcare sector’s evolution, characterised by the adoption of sophisticated medical devices and equipment, has necessitated the use of optoelectronic components. From laser surgeries to advanced imaging systems, optoelectronics has revolutionised medical procedures, ensuring more precision and efficiency.

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On the horizon, the surge in demand for renewable energy solutions, especially solar energy systems, is amplifying focus on optoelectronic devices. Solar photovoltaic cells, which convert sunlight into electricity, rely heavily on optoelectronics. With the world gradually moving towards cleaner energy sources, the optoelectronics market stands to benefit considerably from this transition.

Optoelectronics Market Segmentation

The market can be divided based on component, end use, and region.

Market Breakup by Component

  • Image Sensors
  • Laser Diode
  • LED
  • Optocouplers
  • Photovoltaic Cells
  • Others

Market Breakup by End Use

  • Automotive
  • Aerospace and Defence
  • Consumer Electronics
  • Information Technology
  • Healthcare
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global optoelectronics companies. Some of the major key players explored in the report by Expert Market Research are as follows:

  • Samsung Electronics Co., Ltd.
  • Panasonic Corporation
  • Sony Corporation
  • ams-OSRAM International GmbH
  • OMNIVISION Technologies, Inc.
  • General Electric Company
  • Micropac Industries, Inc.
  • Mitsubishi Electric Corporation
  • Optoi Srl
  • Rohm Co., Ltd
  • Others

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Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.

Our high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today’s competitive market.

Don’t miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation’s future success by acquiring one of our Expert Market Research reports today.

Media Contact:

Company Name: Claight Corporation
Contact Person: George buttler, Corporate Sales Specialist – U.S.A.
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Freeze Drying Equipment Market Value, Size, Share, Report 2023-28

Freeze Drying Equipment Market Outlook

According to a new report by Expert Market Research titled, “Global Freeze Drying Equipment Market Price, Size, Share, Analysis, Report and Forecast 2023-2028″, the freeze drying equipment market reached a value of USD 2.25 billion in 2022. Aided by rising demand from pharmaceutical industry and growing demand for nutritious food options with extended shelf life, the market is projected to further grow at a CAGR of 9.40% between 2023 and 2028 to reach a value of USD 3.82 billion by 2028.

Freeze drying, also known as lyophilisation, is a dehydration process typically used to preserve perishable materials and make them more convenient for transport. Freeze drying equipment efficiently removes moisture from products, making them resistant to microbial growth and thereby enhancing shelf life. This equipment is quintessential in numerous applications, ranging from the preservation of food and beverages to the stability and longevity of pharmaceuticals and biotech products.

Increasing utilisation of freeze drying equipment in the pharmaceutical industry has contributed largely to the freeze drying equipment market growth. With a burgeoning need for preserving biological samples, vaccines, and other heat-sensitive materials, freeze drying offers a pivotal solution. It ensures the stability of these products, preventing any degradation and maintaining their efficacy and potency during storage and transportation.

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Parallelly, the food and beverage industry are experiencing a surge in the demand for freeze-dried products paving a way for freeze drying equipment market expansion. With consumers becoming increasingly health-conscious and seeking nutritious options that have an extended shelf life, freeze-dried fruits, vegetables, and ready-to-eat meals have gained immense popularity. The technique retains the original flavour, colour, and nutritional content, offering consumers high-quality products that are both convenient and healthful.

Technological innovations have further enhanced the efficiency and capacity of freeze drying equipment thereby creating a huge freeze drying equipment market demand. Modern machines come equipped with advanced features like smart sensors, automated shelf loading, and improved vacuum systems. These features not only optimise the freeze drying process but also ensure consistent product quality, driving many industries to invest in the latest equipment.

Furthermore, the burgeoning biotech sector, with its focus on research and development, relies heavily on freeze drying for the preservation of biological samples, peptides, proteins, and other cellular structures. Ensuring these components remain unaffected over time is paramount, and freeze drying equipment provides the precise conditions required for this delicate preservation.

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The global freeze drying equipment market is on an upward trajectory, underpinned by its extensive applications across diverse industries. The surge in demand for specialty products in the nutraceutical and cosmetic industries, where certain ingredients need preservation without the addition of preservatives, has brought freeze drying to the fore. The ability to maintain the integrity of natural ingredients, essential oils, and other compounds makes freeze drying equipment indispensable in these sectors.

Freeze Drying Equipment Market Segmentation

The market can be divided based on product, scale of operation, application, and region.

Market Breakup by Product

  • Dryer
  • Tray Style Freeze Dryers
  • Manifold Freeze Dryers
  • Rotary Freeze Dryers
  • Accessories
  • Drying Chamber
  • Vacuum System
  • CIP (Clean-in-Place) System
  • Others

Market Breakup by Scale of Operation

  • Industrial Scale Freeze Dryer
  • Laboratory Scale Freeze Dryer
  • Pilot Scale Freeze Dryer

Market Breakup by Application

  • Biotechnology
  • Food Processing
  • Pharmaceuticals
  • Surgical Procedures
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global freeze drying equipment companies. Some of the major key players explored in the report by Expert Market Research are as follows:

  • Thermo Fisher Scientific Inc.
  • GEA Group Aktiengesellschaft
  • Azbil Corporation
  • Tofflon Science and Technology Co., Ltd.
  • Labconco Corporation
  • Cuddon Freeze Dry
  • HOF Sonderanlagenbau GmbH
  • Martin Christ Gefriertrocknungsanlagen GmbH
  • Millrock Technology, Inc.,
  • Harvest Right, LLC.
  • OPTIMA packaging group GmbH
  • Others

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About Us:

Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.

Our high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today’s competitive market.

Don’t miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation’s future success by acquiring one of our Expert Market Research reports today.

Media Contact:

Company Name: Claight Corporation
Contact Person: George buttler, Corporate Sales Specialist – U.S.A.
Email: sales@expertmarketresearch.com
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CBD Oil Market Growth, Size, Share, Trends, Forecast 2023-2028

According to a new report by Expert Market Research titled, “Global CBD Oil Market Trends, Share, Size, Analysis, Report and Forecast 2023-2028″, the CBD oil market reached a value of USD 373.44 million in 2022. Aided by the rising trend of health and wellness and growing legalisation of cannabinoids, the market is projected to further grow at a CAGR of 28.60% between 2023 and 2028 to reach a value of USD 1,733.80 million by 2028.

CBD (Cannabidiol) oil is a naturally occurring compound extracted from the hemp plant, renowned for its therapeutic properties. Unlike THC (Tetrahydrocannabinol), CBD doesn’t possess psychoactive effects, which makes it a favoured choice for individuals looking to obtain the health benefits of cannabis without the “high”. Commonly consumed as a wellness supplement, CBD oil has been studied for its potential role in easing symptoms of ailments such as chronic pain, anxiety, depression, and even certain types of epileptic seizures.

A significant global factor driving the CBD oil market growth is the burgeoning consumer interest in health and wellness products. With a growing body of research underscoring the possible health benefits of CBD, consumers globally are becoming more receptive to including CBD oil in their daily routines. This shift is particularly noticeable among populations in North America and parts of Europe, where legal reforms have made accessing CBD products easier than ever.

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The global spotlight on mental health and well-being has particularly elevated the status of CBD oil, thus increasing the global CBD oil market demand. Its potential anxiolytic and antidepressant properties have made it a sought-after alternative to traditional pharmaceuticals. This is especially true among millennials and Gen Z populations, who are often more inclined towards natural remedies and are wary of the side effects associated with conventional medications.

On the industrial front, the beauty and cosmetics sector are unlocking new avenues for CBD oil. Praised for its potential anti-inflammatory and antioxidant properties, CBD is making its mark in skincare regimes, from moisturisers and serums to sunscreens. Additionally, the personal care segment, comprising balms, lotions, and ointments, is capitalising on CBD’s purported pain-relieving properties, further augmenting the CBD oil market growth.

The pet care industry is also spotlighting CBD as a potential remedy for ailments afflicting pets, notably dogs and cats. Ranging from treats to tinctures, the array of CBD-infused pet products on the market is growing, pointing towards an expanding demographic of consumers who are turning to CBD as a solution for their pet’s health concerns.

A major tailwind accelerating the CBD oil market expansion is the wave of legalisation and decriminalisation of cannabis products in various regions. With countries and states adopting a more lenient stance on cannabis, the stigma around products like CBD oil is diminishing. This regulatory relaxation is not just a boon for consumers but also for researchers and companies, enabling more comprehensive studies and facilitating product innovations.

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CBD Oil Market Segmentation

The market can be divided based on product, application, and region.

Market Breakup by Product

  • Hemp
  • Marijuana

Market Breakup by Application

  • Medical Use
  • Personal Use
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global CBD oil companies. Some of the major key players explored in the report by Expert Market Research are as follows:

  • ENDOCA BV
  • Isodiol International Inc.
  • Medical Marijuana Inc.
  • Aurora Cannabis Inc.
  • Elixinol
  • Medterra CBD LLC
  • NuLeaf Naturals, LLC
  • Hempstrol
  • Charlotte’s Web Inc.
  • CV Sciences Inc.
  • Others

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About Us:

Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.

Our high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today’s competitive market.

Don’t miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation’s future success by acquiring one of our Expert Market Research reports today.

Media Contact:

Company Name: Claight Corporation
Contact Person: George buttler, Corporate Sales Specialist – U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gloud Street, Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com