Author: Renubresearch01

Electric Scooter Market, Size | Growth Forecast | 2028

Renub Research has recently published a report titled “Electric Scooter Market, Size, Global Forecast 2023-2028, Industry Trends, Growth, Impact of Inflation, Opportunity Company Analysis” providing a comprehensive analysis of the industry that includes market share insights. In addition, the report comprises competitor and regional research and contemporary extension in the Electric Scooters Market. Electric Scooters Market will grow a CAGR of 13% from 2023-2028. The electric scooters industry has experienced remarkable growth and innovation in modern world, revolutionizing urban transportation. Electric scooters offer a convenient, eco-friendly, and cost-effective solution for short-distance travel. With their compact size, ease of use, and zero emissions, electric scooters have gained popularity among commuters, students, and urban dwellers.

Expert Insights: Ask Analyst or Download Full Report with TOC & Figures: https://www.renub.com/electric-scooter-market-p.php

The increasing adoption of electric scooters is driven by factors such as rising environmental awareness, congestion in cities, and the need for alternative transportation options. Governments and regulatory bodies are also recognizing their potential benefits and implementing supportive policies to encourage their usage. Ensuring rider safety through education, dedicated infrastructure, and implementing clear guidelines is crucial for the sustainable growth of the industry.

Key players in the industry have introduced sleek and stylish designs, equipped with powerful motors, long-lasting batteries, and smart connectivity features. This technological advancement allows riders to track their rides, monitor battery life, and even lock/unlock their scooters via smartphone apps. As the electric scooters market continues to evolve, industry players are investing in research and development to enhance battery technology, improve range and performance, and address concerns related to sustainability. With ongoing advancements and increasing consumer demand, the electric scooters industry is poised for further expansion and widespread adoption in the years to come.

Despite technological advancements in battery technology, retro lead acid batteries continue to be the preferred choice in certain applications

Despite significant advancements in battery technology, retro lead acid batteries maintain their position as the preferred choice across numerous applications. Lead acid batteries have a proven track record of reliability, backed by a long history of successful utilization. Their affordability and widespread availability make them a cost-effective solution for various industries. Additionally, their sturdy construction and ability to deliver high current output make them well-suited for applications requiring sudden power surges. Although alternative battery technologies, such as lithium-ion, have emerged, the established performance, durability, and familiarity of retro lead acid batteries continue to make them a popular selection. This is especially true in sectors where prioritizing cost-effectiveness and reliability is paramount.

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Product – Electric Scooter Market breakup from 3 viewpoints

1.    Retro

2.    Standing/Self Balancing

3.    Folding

In the dynamic landscape of the global electric scooter market, the lithium-ion polymer segment is poised for significant growth during the forecast period.

Lithium-ion polymer batteries have gained traction as a preferred energy storage solution for electric scooters due to their numerous advantages, including higher energy density, lighter weight, and improved safety features. Lithium-ion polymer batteries offer a higher energy density compared to traditional lithium-ion batteries, enabling electric scooters to achieve greater range and longer battery life. The lightweight and compact nature of lithium-ion polymer batteries makes them an ideal choice for electric scooters. Safety is a critical consideration for electric scooter users, and lithium-ion polymer batteries excel in this aspect.Ongoing advancements in battery technology have contributed to the rapid growth of the lithium-ion polymer segment. These are key factors driving the growth of the lithium-ion polymer segment and highlight its potential to revolutionize the electric scooter industry.

Battery Type – Electric Scooter Market breakup from 2 viewpoints

1.   Lithium-ion (Li-Ion)

2.    Lead Acid

With a commanding presence, 36V battery-powered vehicles have secured a dominant share in the electric scooter market.

With their superior performance and optimal energy efficiency, 36V battery-powered vehicles have emerged as the frontrunners in the electric scooter market, holding a significant market share. The 36V battery system strikes a perfect balance, providing ample power for a robust performance while ensuring extended battery life and impressive range. Moreover, these vehicles benefit from the widespread availability and cost-effectiveness of the 36V battery packs, making them a preferred choice for both manufacturers and consumers. As urban commuters increasingly seek reliable and practical transportation options, the dominance of 36V battery-powered vehicles in the electric scooter market continues to grow.

By Battery Voltage – Electric Scooter Market breakup from 4 viewpoints

1.    24V

2.    36V

3.    48V

4.    Above 48V

Europe is poised to showcase the strongest growth potential in the electric scooter market.

Europe is poised to showcase the strongest growth potential in the electric scooter market. The region’s burgeoning demand for eco-friendly transportation, coupled with favourable government regulations promoting electric mobility, sets the stage for rapid market expansion. European countries prioritize sustainability and exhibit a strong inclination towards adopting clean transportation alternatives. With well-developed infrastructure, supportive charging networks, and a tech-savvy population, Europe provides an ideal environment for electric scooters to flourish. Rising consumer awareness regarding environmental concerns further fuels the growth potential. Europe emerges as a promising market, attracting significant investments and witnessing the accelerated adoption of electric scooters.

Electric Scooter Market – Regions have been covered from 4 viewpoints

1.    Asia Pacific

2.    North America

3.    Europe

4.    Rest of World

Key Players

Energica Motor Company, Niu Technologies, Vmoto Limited, Yadea Group Holdings Ltd, and KTM Group are key players that have established a strong presence in the electric scooter market. Each of these companies brings unique expertise and innovation to the industry.

All company have been covered from 3 viewpoints

•    Overview

•    Recent Development

•    Revenue

Company Analysis

1.    Energica Motor Company

2.    Niu Technologies

3.    Vmoto Limited

4.    Yadea Group Holdings Ltd

5.    KTM Group

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About the Company: 

Renub Research is a Market Research and Information Analysis company with more than 14 years of experience in Research, Survey, and Consulting. Our research helps companies to take business decisions: on strategy, organization, operations, technology, mergers & acquisitions, etc. Till now we have published more than 7000 syndicated reports and worked on more than 500 custom research projects. Currently, we are supplying data to EMIS, Bloomberg, Thomson Reuters, etc. We support many blue-chip companies by providing them with findings and perspectives across a wide range of markets.

Media Contact:

Company Name: Renub Research

Contact Person: Rajat Gupta, Marketing Manager

Phone No: +1-478-202-3244 | +91-120-421-9822 (IND)

Address: 225 Kristie Ln, Roswell, GA 30076

Email: info@renub.com LinkedIn: https://in.linkedin.com/company/renub-research

Digital Forensics Market, Size | Growth Forecast | 2028

Renub Research has recently published a report named “Digital Forensics Market, Size, Global Forecast 2023-2028, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis” providing a detailed industry analysis that consists of market share insights. Furthermore, the report studies competitors, regions, and recent Digital Forensics Market growth. Digital Forensics Market will grow at 13.50% CAGR from 2023-2028. The digital forensics industry plays a crucial role in today’s digital age, where digital devices and networks are integral parts of our lives. Digital forensics is a specialized field that encompasses the examination, analysis, and preservation of digital evidence for legal proceedings.It encompasses various activities, including data recovery, computer and network analysis, cybercrime investigation, and incident response.

Expert Insights: Ask Analyst or Download Full Report with TOC & Figures: https://www.renub.com/digital-forensics-market-p.php

The rapid growth of the digital forensics industry can be attributed to several factors.

The increasing prevalence of cybercrime and digital fraud has created a high demand for professionals who can effectively investigate and analyse digital evidence. As cybercriminals become more sophisticated, digital forensics experts are needed to combat these threats and gather evidence that can hold up in a court of law.

The proliferation of digital devices and the exponential growth of digital data have necessitated the need for advanced tools and technologies to handle and analyze this vast amount of information. Digital forensics tools and software have evolved to keep pace with these developments, providing investigators with powerful capabilities to extract, analyse, and interpret digital evidence from various sources.

The growing reliance on digital evidence in legal proceedings, such as criminal investigations and civil litigation, has further fuelled the demand for digital forensics services. Courts and law enforcement agencies increasingly recognize the importance of digital evidence in building strong cases and establishing the guilt or innocence of individuals.

The digital forensics industry is experiencing significant growth due to the increasing prevalence of cybercrime, the proliferation of digital devices, and the reliance on digital evidence in legal proceedings. However, professionals in this field must continuously adapt to technological advancements and address the challenges posed by the ever-evolving digital landscape.

Digital forensics market is witnessing the rapid growth of its computer forensics segment, fuelled by the escalating occurrence of cyber threats and data breaches

The digital forensics market is witnessing growth in the computer forensics segment due to the escalating occurrence of cyber threats and data breaches. As organizations face sophisticated cyber-attacks, the need for professionals skilled in computer forensics has become paramount. Computer forensics involves the identification, extraction, analysis, and preservation of digital evidence from computer systems, networks, and storage devices. This critical process helps in investigating cybercrimes and mitigating the impact of data breaches. With the rising awareness of the importance of digital evidence in cybersecurity investigations, the demand for computer forensics services is expected to continue its upward trajectory in the digital forensics market.

Type – Global Digital Forensics Market has been covered from 4 viewpoints

1.    Computer Forensics

2.    Network Forensics

3.    Mobile Device Forensics

4.    Cloud Forensics

Software category is set to experience significant growth in the digital forensics market during the forecast period.

During the forecast period, the software category in the digital forensics market is set to experience significant growth. This can be attributed to several factors, including the increasing complexity of digital crimes and the need for advanced tools to extract and analyse digital evidence. Digital forensics software offers a wide range of capabilities, such as data recovery, file analysis, and keyword searching, enabling investigators to uncover valuable insights and solve complex cases efficiently. Additionally, advancements in technology, such as artificial intelligence and machine learning, are being incorporated into digital forensics software, further enhancing its capabilities and driving its growth in the market.

Component – Global Digital Forensics Market has been covered from 3 viewpoints

1.    Software

2.    Hardware

3.    Service

Defence forensics market is witnessing an increased government usage due to the rising cyber threats targeting government entities and national security.

The increasing cyber threats targeting government entities and national security have significantly propelled the adoption of digital forensics in the defence sector. The need to investigate and mitigate cyberattacks on critical infrastructure, sensitive data, and national security systems has led governments to prioritize the deployment of advanced forensic technologies. Defence forensics plays a crucial role in identifying the origin, nature, and extent of cyber threats, enabling governments to strengthen their cybersecurity measures and safeguard their assets. The defence sector is investing in cutting-edge forensic solutions and expertise to counter the evolving cyber threats and ensure the integrity of their sensitive information and critical infrastructure.

End User – Global Digital Forensics Market has been covered from 6 viewpoints

1.    BFSI

2.    Healthcare & life Science

3.    Govt. & law Enforcement

4.    Defence& Aerospace

5.    IT &Tc

6.    Others

North America is well-positioned to drive advancements and maintain its dominance in the digital forensics market

North America is poised to maintain its success in the digital forensics market due to several key factors. The region benefits from advanced technological infrastructure, a strong regulatory framework, and a highly skilled workforce. The presence of major technology companies and government agencies focused on cybersecurity further contributes to North America leadership in digital forensics. Additionally, the region experiences a high number of cyber incidents and data breaches, driving the demand for robust digital forensic solutions. With continuous advancements in technology and a proactive approach towards cybersecurity, North America is expected to remain at the forefront of the digital forensics industry.

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Region –Global Digital Forensics Market has been covered from 5 viewpoints

1.    North America

2.    Europe

3.    Asia-Pacific (APAC)

4.    Middle East and Africa (MEA)

5.    Latin America

Competitive Landscape

IBM, Micro Systemation AB, Nuix Pty Ltd, OpenText Corporation, KLDiscovery Inc., Trend Micro Incorporated, ., Secureworks Inc. (Dell Technologies, Inc.) andCisco Systems, Incare key players in the digital forensics market. These companies offer a wide range of innovative solutions and services tailored to meet the evolving needs of digital forensic investigations. Their expertise in data recovery, incident response, and forensic analysis has earned them a strong reputation in the industry. With a focus on technological advancements, partnerships, and strategic acquisitions, these players continue to shape the digital forensics landscape, providing organizations with effective tools to identify, investigate, and mitigate cyber threats and data breaches. Their contributions play a crucial role in ensuring digital security and preserving the integrity of digital evidence in today’s increasingly complex digital landscape.

Company Insights: Digital Forensics Market has been covered from 3 viewpoints

•    Overview

•    Company Initiatives

•    Sales Analysis

Company Analysis:

1.    IBM

2.    Micro Systemation AB

3.    OpenText Corporation

4.    Nuix Pty Ltd

5.    KLDiscovery Inc.

6.    Cisco Systems, Inc.

7.    Trend Micro Incorporated

8.    Secureworks Inc. (Dell Technologies, Inc

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About the Company: 

Renub Research is a Market Research and Information Analysis company with more than 14 years of experience in Research, Survey, and Consulting. Our research helps companies to take business decisions: on strategy, organization, operations, technology, mergers & acquisitions, etc. Till now we have published more than 7000 syndicated reports and worked on more than 500 custom research projects. Currently, we are supplying data to EMIS, Bloomberg, Thomson Reuters, etc. We support many blue-chip companies by providing them with findings and perspectives across a wide range of markets.

Media Contact:

Company Name: Renub Research

Contact Person: Rajat Gupta, Marketing Manager

Phone No: +1-478-202-3244 | +91-120-421-9822 (IND)

Address: 225 Kristie Ln, Roswell, GA 30076

Email: info@renub.com LinkedIn: https://in.linkedin.com/company/renub-research

Smart Lock Market, Size | Growth Forecast | 2030

According to Renub Research latest report, “Smart Lock Market, Size, Global Forecast 2023-2030, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis” Global Smart Lock Market is estimated to reach US$ 6.68 Billion by 2030. A smart lock is a type of locking mechanism that combines electronics and mechanics to enable remote access and entry into a building or property. It is utilized in a variety of industries and can be controlled through smartphones and other smart devices using communication technologies such as Wi-Fi, Bluetooth, Zigbee, or Z-Wave. The smart lock permits remote authentication of verified and authorized users, allowing them to unlock the lock and gain entry.

 

Expert Insights: Ask Analyst or Download Full Report with TOC & Figures: https://www.renub.com/smart-lock-market-p.php

 

Recent advancements in wireless technology, the growth of the Internet of Things (IoT), and the escalating demand for secure and convenient access control solutions have fuelled the rapid growth of the smart lock industry. These electronic locks can be remotely controlled via a smartphone or other connected device, enabling users to lock and unlock doors without the need for a physical key.

Smart Lock Market was US$ 2.19 Billion in 2022

 

Compared to traditional locks, smart locks provide several benefits such as enhanced convenience, improved security, and greater control over property access. Additionally, they can be integrated with other smart home devices like security cameras and smart thermostats, resulting in a comprehensive home automation system. As technology advances, the smart lock industry is expected to continue expanding and developing even more advanced access control solutions.

By Type: Deadbolts have largest market share in Global Smart Lock Market

 

Based on type, there are four divisions- Deadbolts, Lever Handles, Padlock, and Others. The largest market share in the smart lock industry is held by the deadbolts segment. This can be attributed to the growing use of deadbolts in residential and commercial settings. Deadbolts are favoured for their low installation cost, high durability, and ability to provide effective security against intrusion or attacks, making them popular in various applications, including residential and commercial. These benefits have contributed to the growth of the deadbolts segment in the smart lock industry.

The lever handles segment is expected to demonstrate the fastest revenue growth rate in the smart lock industry during the forecast period. This is primarily due to the increasing use of lever handles, which are particularly beneficial for older individuals, children, and those with disabilities due to their ease of use. Moreover, the growing demand for seamless integration with other smart devices and the surging popularity of smart home technology are further expected to propel the revenue growth of this segment.

On the other hand, the padlocks segment is projected to account for a significantly large revenue share during the forecast period. This is due to the increasing use of padlocks for securing outdoor storage areas such as sheds and storage units. Padlocks are particularly helpful for organizations that require secure lockers for staff or clients.

By Technology: Biometrics will drive future Smart Lock Market

 

Keypads, RFID cards, Biometrics, and Wireless, are the different types of technologies used in smart locks. Advanced technologies such as biometrics, multi-factor authentication, and encryption are expected to be incorporated into smart locks in the future to enhance their security features. This will result in improved protection against unauthorized access and provide users with greater peace of mind. 

Biometric authentication smart locks offer several advantages over traditional locks and even other types of smart locks. They provide enhanced security as biometric data is unique to each individual and cannot be easily replicated or stolen. They also eliminate the need for physical keys, which can be lost or stolen, and passwords, which can be easily forgotten or hacked.

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By Application: Residential segment holds the largest Revenue Share

 

The application of smart locks is prevalent in Residential, Commercial, Critical infrastructure, and other sectors. The residential segment holds the largest revenue share, driven by the growing popularity of smart home technology and increasing demand for home security systems. Homeowners are increasingly turning to smart locks due to their ease of use, convenience, and ability to integrate with other smart devices.

Furthermore, the ability to remotely manage multiple entry points and track premises security has driven the adoption of smart locks in spaces like schools and churches. As a result, stakeholders are investing significant amounts in this technology to meet the increasing demand. These statistics underscore the importance for organizations in these spaces to prioritize the highest levels of security, particularly in light of the prevalence of mass shootings in public areas.

By Distribution Channel: Online channels are driving the sales of Smart Lock Market

 

Distribution of smart locks is possible through online channels and offline channels. The online smart locks market is expected to continue to grow in the coming years as more consumers seek out smart home solutions and the convenience of online shopping. The growing demand for home automation and smart home technology has led to an increase in the availability of smart locks through online channels. Many consumers are looking for ways to improve the security of their homes while also enjoying the convenience of remote access and monitoring, which smart locks can provide.

Region: North America, Europe & Asia-Pacific will lead the Smart Lock Market

 

North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa are the regions that comprise the smart lock market. The North American region is home to numerous manufacturing and technology companies. In recent years, the deployment of smart locks has increased in this region due to the growing number of smartphone users, who value the easy user interface and convenience offered by these devices. Other factors driving the growth of the smart locks market in North America include the increasing awareness of secure home solutions, the constant development of smart devices such as smartphones, the rising disposable income of consumers, and the booming availability of internet services.

Key Company

 

The market is highly competitive with major players such as Allegionplc, Avent, AssaAbloy, DormaKaba Holding AG, Samsung, Zhejiang Dahua Technology Co. Ltd., Spectrum Brands Holdings, Inc., and Panasonic Corporation vying for a share.

Type – Smart Lock Market breakup from 4 Viewpoints: (Deadbolts, Lever Handles, Padlock and Others)

Technology – Smart Lock Market breakup from 4 Viewpoints: (Keypads, RFID cards, Biometrics and Wireless)

Application – Smart Lock Market breakup from 4 Viewpoints: (Residential, Commercial, Critical infrastructure and others)

Distribution Channel – Smart Lock Market breakup from 2 Viewpoints: (Online and Offline)

Region – Smart Lock Market breakup from 5 Viewpoints:

  1. North America
  2. Latin America
  3. Europe
  4. Asia-Pacific
  5. M.E.A

Company has been covered from 3 Viewpoints:

  1. Overview
  2. Recent Development
  3. Revenue

Company Analysis:

  1. Allegion plc.,
  2. Avent
  3. AssaAbloy
  4. DormaKaba Holding AG
  5. Samsung
  6. Zhejiang Dahua Technology Co. Ltd.,
  7. Spectrum Brands Holdings, Inc.,
  8. Panasonic Corporation

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 14 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food Beverages, Power Energy, Information Technology, Telecom Internet, Chemical, Logistics Automotive, Consumer Goods Retail, Building, and Construction, Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more.

Contact Us:

Renub Research

Phone No: +1-478-202-3244 | +91-120-421-9822 (IND)

Email: info@renub.com

LinkedIn: https://in.linkedin.com/company/renub-researchWeb: www.renub.com

Global Salmon Market, Size | Growth Forecast | 2027

Renub Research has recently released a report titled “Global Salmon Market, Volume, Size, Forecast 2023-2027, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis” providing a detailed industry analysis that includes market share insights. The report also includes competitor and regional research and contemporary advancements in the market. The Global Salmon market shall grow with a CAGR of nearly 3.9% from 2023 to 2027. In the realm of luxury, there is a clear preference for wild salmon over farmed varieties, particularly for specific species like Chinook, which is also referred to as king salmon.

Expert Insights: Ask Analyst or Download Full Report with TOC & Figures : https://www.renub.com/global-salmon-market-p.php

Salmon is a fish variety renowned for its unique pink colour and delectable taste. It is a well-liked food item in several regions globally, and the preparation is by grilling, baking, or smoking. Salmon is an abundant source of heart-healthy omega-3 fatty acids, essential vitamins B12 and D, protein, and minerals like selenium and potassium. Moreover, it is classified as a low-mercury fish, rendering it a safer option for frequent consumption than various other types of seafood.

Most of the salmon consumed today comes from aquaculture or fish farming, and this industry has experienced significant growth on a global scale. Technological advancements have made salmon farming more efficient and sustainable, with improvements in areas such as feed production, breeding techniques, and water quality management making it easier and more cost-effective to produce salmon, contributing to the Salmon market growth.

Salmon Popularity is growing due to Frozen and Canned salmon-based Products

Salmon is a popular ingredient in commercial dishes like pizza, pasta, burgers, salads, and mac and cheese commonly served in restaurants and food outlets; this, combined with the rapid expansion of the food and beverage (F&B) industry, is a significant driver of Salmon market growth.

Furthermore, the acceleration in demand for frozen and canned salmon-based products is due to the increasing consumption of ready-to-eat (RTE) food products because of hectic lifestyles, swift urbanization, and the rising purchasing power of individuals. Additionally, the Salmon market shall experience growth by introducing value-added products like smoked salmon, salmon jerky, salmon oil, salmon lox, and salmon spreads. These factors contribute to a positive outlook for the global salmon market.

The limited domestic supply of salmon market, particularly during the off-season, has created a demand for imported salmon to meet year-round demand in the United States. Imports from countries like Chile, Norway, and Canada are often priced competitively compared to domestic salmon, making them an attractive option. In addition, salmon’s versatility finds its usage in various dishes, and its convenience, as frozen and canned salmon products are widely available, has made it a popular choice for restaurants and other food outlets.

Norway is the leading Exporter in Global Salmon Market

Norway’s leadership in salmon fish export can be due to multiple factors, including favorable farming conditions due to its long coastline and fjords, strict regulations ensuring high standards, and reliable supply. Investment in salmon farming technology and government support has also contributed to developing a robust and competitive export for the global salmon market.

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Pink salmon’s abundance makes it more cost-effective to farm, increasing availability and accessibility for consumers. Its mild taste and firm texture have made it a versatile ingredient, increasing demand from restaurants and food service companies. Technological advancements in salmon farming, such as improved feed formulations, water quality management, and disease prevention measures, have made it easier to produce pink salmon in larger quantities. Additionally, pink salmon is a more sustainable option, increasing awareness and demand among environmentally conscious consumers. These factors have all contributed to the growth in the production of pink salmon.

Market Summary:

  • Import– By import in the Global salmon Market division in 10 viewpoints (Norway, Sweden, Denmark, Poland, Chile, United Kingdom, Germany, Canada, United States, and Australia).
  • Export– The market for Global Salmon Market by export is broken up into ten viewpoints (Denmark, United States, Germany, France, Spain, Poland, Italy, Brazil, Portugal, and Finland).   
  • Production Species– The break-up of the Global Salmon Market into 5 viewpoints based on production species (Atlantic Salmon, Pink Salmon, Sockeye Salmon, Coho Salmon, and other species).

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Korea Seafood Market is projected to reach US$ 13.6 Billion by 2027

Global Tilapia Market is expected to reach US$ 9.2 Billion by 2027

About the Company: 

Renub Research is a Market Research and Information Analysis company with more than 14 years of experience in Research, Survey, and Consulting. Our research helps companies to take business decisions: on strategy, organization, operations, technology, mergers & acquisitions, etc. Till now we have published more than 7000 syndicated reports and worked on more than 500 custom research projects. Currently, we are supplying data to EMIS, Bloomberg, Thomson Reuters, etc. We support many blue-chip companies by providing them with findings and perspectives across a wide range of markets.

Media Contact:

Company Name: Renub Research

Contact Person: Rajat Gupta, Marketing Manager

Phone No: +1-478-202-3244 | +91-120-421-9822 (IND)

Address: 225 Kristie Ln, Roswell, GA 30076

Email: info@renub.com

LinkedIn: https://in.linkedin.com/company/renub-research

Web: www.renub.com

Medical Robotics Market, Size | Growth Forecast | 2030

Renub Research has recently released a report titled “Medical Robotics Market, Size, Global Forecast 2023-2030, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis” providing a detailed industry analysis that includes market share insights. The report also includes competitor and regional research and contemporary advancements in the medical robots market. Medical Robotics Market shall expand at a CAGR of about 25.80% from 2023 to 2030. The medical robotics industry is experiencing significant growth and revolutionizing healthcare practices. Medical robotics refers to the application of robots and automation in various medical procedures and tasks, ranging from surgical interventions to rehabilitation and diagnostics. This emerging field offers numerous benefits, including enhanced precision, improved surgical outcomes, reduced invasiveness, and shorter recovery times.

Expert Insights: Ask Analyst or Download Full Report with TOC & Figures: https://www.renub.com/medical-robotics-market-p.php

Advancements in technology, such as artificial intelligence, machine learning, and image-guided systems, have propelled the global medical robots marketforward. These technologies enable robots to perform complex tasks with a higher level of accuracy and efficiency than human counterparts. Surgical robots, for instance, assist surgeons during intricate procedures, providing greater control and minimally invasive options. The medical robotics market share is expanding due to several factors. Increasing demand for minimally invasive surgeries, rising geriatric population, and the need for precision in medical interventions are key drivers. Moreover, the integration of robotics in telemedicine and remote surgeries allows for improved access to quality healthcare, especially in remote areas. The potential for medical robotics to revolutionize healthcare delivery, improve patient outcomes, and enhance the overall efficiency of medical procedures makes it a dynamic and promising field with a bright future.

Positive impact of pharmacy robotics on medication management and patient care outcomes makes it a promising segment within the Global Medical Robotics Market.

The global medical robotics market is experiencing growth, and the application of robotics in pharmacy settings is contributing to this expansion. The integration of robotics in medication management systems has significantly improved the accuracy, efficiency, and safety of medication dispensing and administration processes.

Pharmacy robots are designed to automate various tasks, including medication storage, retrieval, counting, labeling, and packaging. These robots utilize advanced technologies like barcode scanning and image recognition to ensure precise identification and dispensing of medications. By automating these processes, pharmacy robots minimize the risk of errors, such as incorrect dosages or medication mix-ups, ultimately enhancing patient safety.

The adoption of pharmacy robotics is driven by several factors. The growing demand for improved medication management, the need to streamline pharmacy operations, and the increasing complexity of medication regimens in healthcare facilities all contribute to the medical robotics market growth. Additionally, the integration of robotics in pharmacies helps healthcare providers reduce costs, enhance efficiency, and optimize workflow.

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Application – Medical Robotic Market breakup from 7 Viewpoints:

1.    Neurology

2.    Cardiology

3.    Orthopaedic

4.    Laparoscopic

5.    Physical

6.    Pharmacy

7.    Others

Hospitals continue to maintain their dominant preference as users in the global medical robots market

Hospitals continue to maintain their dominant preference as users in themedical robotic systems market. Their prominence stems from various factors that make hospitals ideal environments for the adoption and utilization of medical robots. With their extensive infrastructure, resources, and expertise, hospitals have the capacity to integrate and deploy robotic systems across different departments and specialties. The versatility of medical robots enables hospitals to leverage their capabilities in surgical procedures, diagnostics, rehabilitation, and patient care.

Furthermore, hospitals have larger patient populations, allowing for a higher volume of robot-assisted procedures, thereby justifying the investment in such technology. The direct access to skilled medical professionals and the ability to seamlessly integrate medical robots into existing workflows solidify hospitals position as the dominant users in the global medical robots market. 

End-Users – Medical Robotic Market breakup from 3 Viewpoints:

1.    Hospitals & Clinics

2.    Specialty Centres

3.    Rehabilitation Centres

North America combination of advanced infrastructure, industry expertise, supportive policies, and a culture of technological innovation places it in a dominant position in the global medical robotics market

North America’s hegemony in the global medical robotics market is driven by a combination of key factors. The region’s advanced healthcare infrastructure, including state-of-the-art hospitals and research facilities, provides a strong foundation for the adoption and utilization of medical robotics. Additionally, the presence of prominent medical robotics companies in North America, known for their continuous innovation and development of cutting-edge technologies, further solidifies the region’s leadership.

Government initiatives and robust reimbursement policies in North America create a favorable environment for the integration of medical robotics into healthcare systems. The region’s high healthcare expenditure and willingness to invest in advanced technologies also contribute to its dominant position. Moreover, North America emphasis on technological advancements and early adoption of innovative medical solutions ensures that it remains at the forefront of the medical robotics industry. This proactive approach to embracing cutting-edge technologies strengthens North America’s hegemony in the global market.

Regions – Medical Robotic Market breakup from 4 Viewpoints:

1.    North America

2.    Europe

3.    Asia-Pacific

4.    Middle East & Africa

Competitive Landscape Analysis

The global medical robotics market is driven by several major companies that play a significant role in shaping the industry. These companies include industry leaders such as IRobot, Intuitive Surgical, Stryker, Accuray, Medtronic, Smith & Nephew, McKesson, and Ekso Bionics Holdings.

Company has been covered from 3 Viewpoints in Medical Robotic market

•    Overview

•    Recent Development

•    Revenue

Company Analysis: Medical Robotic market

1.    IRobot

2.    Intuitive Surgical

3.    Stryker

4.    Accuray

5.    Medtronic

6.    Smith & Nephew

7.    McKesson

8.    Ekso Bionics Holdings

About the Company: 

Renub Research is a Market Research and Information Analysis company with more than 14 years of experience in Research, Survey, and Consulting. Our research helps companies to take business decisions: on strategy, organization, operations, technology, mergers & acquisitions, etc. Till now we have published more than 7000 syndicated reports and worked on more than 500 custom research projects. Currently, we are supplying data to EMIS, Bloomberg, Thomson Reuters, etc. We support many blue-chip companies by providing them with findings and perspectives across a wide range of markets.

Media Contact:

Company Name: Renub Research

Contact Person: Rajat Gupta, Marketing Manager

Phone No: +1-478-202-3244 | +91-120-421-9822 (IND)

Address: 225 Kristie Ln, Roswell, GA 30076

Email: info@renub.com

LinkedIn: https://in.linkedin.com/company/renub-research

Web: www.renub.com

Diagnostic Imaging Market, Size | Growth Forecast | 2028

Industry Trends, Share, Growth, Company Analysis,” Diagnostic Imaging Market valued at US$ 35.11 Billion in 2022. Medical imaging uses technology to produce internal body images for clinical analysis or medical intervention in a non-invasive manner. As medical technology advances, the market for Diagnostic Imaging continues to evolve, fuelling the growing demand for patient-centric healthcare. As a result, the industry must focus on critical R&D investments to adapt the constant changes while fulfilling customer needs.

Expert Insights: Ask Analyst or Download Full Report with TOC & Figures: https://www.renub.com/diagnostic-imaging-market-p.php

Global Diagnostic Imaging Market is anticipated to with a CAGR of 5.82% from 2022 to 2028

With the advent of novel technologies and rapid digitalization, the global medical devices industry is jumping leaps and bounds in growth and development. From new and emerging business models to accelerated innovation in many areas of diagnostics, care delivery, connected health, data security, supply chain, process automation, etc., the healthcare landscape is hovering around the idea of disruptive possibilities owing to several trends.

For example, there is a significant shift in R&D spending patterns and talent trends, collaborations with start emphasis on ups, tech giants, service providers, and overall digital and connected health. Medical imaging is one such segment of the MedTech industry that has significantly benefited from the trends mentioned above. 

X-Ray is primarily used in the Diagnostic Imaging Market

The primary need for early diagnosis is the cause of the upsurge in X-ray demand. However, along with the need for early diagnosis, factors such as technological advancements in various applications, massive spending in product R&D, growing investments in healthcare infrastructure, and the need for visible improvements in population health technologies are driving the growth in medical imaging.

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Orthopaedic application segment captured most of the Market Share

The ever-growing incidence of chronic diseases worldwide, an aging population, rising awareness, and priority for health are increasing the demand for early diagnosis. An additional factor relevant in a scenario is the predominant use of X systems to diagnose COVID ray and CT-19 cases worldwide. As a result, the burden of chronic diseases is rising globally, and medical imaging procedures are crucial in accurately diagnosing chronic diseases.

Furthermore, the aging population and socioeconomic changes are leading to a continuous rise in these prevalent and costly long-term health conditions. Cancer, cardiovascular disease, obesity, and diabetes account for the majority of chronic illness mortality. According to GLOBOCAN, around 19.3 million new cancer cases were recorded worldwide in 2020, with this figure anticipated to rise to 30.2 million by 2040. The emerging markets would be the most affected, as population growth is expected to be greatest in developing nations.

Hospitals lead the Global Diagnostic Imaging Market

Currently, hospitals comprise the most significant share; however, the adoption of imaging systems by diagnostic centers is expected to capture the highest CAGR during the upcoming years. The growing number of private imaging centers, fueled by rising demand for diagnostic imaging treatments, is likely to boost hospital segment growth. Companies strive to attain market equilibrium by investing in technology to meet rising demand. From a macroeconomic standpoint, suitable investments bear fruit for all stakeholders in such ecosystems.

Furthermore, for instance, in November 2021, Canon Medical Systems USA, Inc., a leading manufacturer of diagnostic devices, announced the launch of Vantage Fortran, an innovative remote tablet and in-room camera solutions for monitoring and positioning patients to enhance workflow.

North American region will lead in the Global Diagnostic Imaging Market

North America is owing to the higher demand for medical imaging modalities such as Ultrasound, MRI, X-rays, and CT scans in hospital settings for accurate diagnosis during treatment. In addition, the availability of advanced medical imaging devices in hospitals and sound infrastructure leads to the segmental growth of hospitals. Similarly, the presence of skilled healthcare professionals in hospitals to accurately treat and diagnose patients surge the demand for medical imaging in hospitals. Additionally, rising cases of chronic diseases and an increasing number of hospital admissions will further accelerate the medical imaging market progression.

Key Players

The worldwide imaging industry is at a crossroads and will profoundly change during the next decade with novel technologies and new players entering and redefining the competitive landscape. The incumbent equipment manufacturers face increasing competition from new entrants such as Samsung Electronics, Neusoft Medical Systems, or Mindray Medical in emerging and developed markets. In addition, the leading contrast media companies will see increasing generic competition as the remaining contrast agent patents expire within the following years. 

Market Summary:

  • Product- the Report Covers Diagnostic Imaging Market by type in 6 viewpoints (X-Ray, CT, Ultrasound, MRI, Nuclear Imaging, and Others).
  • Application – Diagnostic Imaging Market by treatment breakup in 5 viewpoints (Orthopedics, Cardiovascular, Neurology, Pelvic & Abdomen, Oncology).
  • End-Users – The Diagnostic Imaging Market breakup into three viewpoints (Hospitals, Diagnostic Centres, and Others).
  • Region- Renub Research Report covers by Diagnostic Imaging Market region in 5 viewpoints (North America, Europe, Asia Pacific, South America, and Middle East & Africa).
  • Key Players: All the major players have been covered from 3 Viewpoints (Overview, Recent Development, and Financial Insights) FUJIFILM VisualSonics Inc., Canon Medical Systems Corporation, Bruker, PerkinElmer Inc., Hitachi, Hologic, Radnet and Koninklijke Philips.

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About the Company: 

Renub Research is a Market Research and Information Analysis company with more than 14 years of experience in Research, Survey, and Consulting. Our research helps companies to take business decisions: on strategy, organization, operations, technology, mergers & acquisitions, etc. Till now we have published more than 7000 syndicated reports and worked on more than 500 custom research projects. Currently, we are supplying data to EMIS, Bloomberg, Thomson Reuters, etc. We support many blue-chip companies by providing them with findings and perspectives across a wide range of markets.

Media Contact:

Company Name: Renub Research

Contact Person: Rajat Gupta, Marketing Manager

Phone No: +1-478-202-3244 | +91-120-421-9822 (IND)

Address: 225 Kristie Ln, Roswell, GA 30076

Email: info@renub.com LinkedIn: https://in.linkedin.com/company/renub-research

Age-Related Macular Degeneration Market | Growth Forecast | 2028

Renub Research has recently published a report titled” Age-Related Macular Degeneration Market Size, Forecast 2023-2028, Global Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis” providing a comprehensive analysis of the industry that includes market share insights. In addition, the report comprises competitor and regional research and contemporary extension in the Age-Related Macular Degeneration (AMD) Market. Age-Related Macular Degeneration (AMD) Market is estimated to reach US$ 14.06 Billion by 2028.

Expert Insights: Ask Analyst or Download Full Report with TOC & Figures: https://www.renub.com/age-related-macular-degeneration-market-p.php

The Age-Related Macular Degeneration market is experiencing notable expansion in recent decade. AMD, a chronic eye condition affecting the retina’s central region, progressively impairs vision. The surging prevalence of AMD, particularly among the elderly demographic, constitutes a key growth catalyst. As the global population ages, AMD incidence is projected to escalate, generating higher demand for efficacious treatment options. Technological advancements in diagnostics and therapies have also fueled the market’s growth. Advanced imaging techniques and innovative treatments like anti-vascular endothelial growth factor (VEGF) drugs have revolutionized AMD management, facilitating early detection, precise monitoring, and targeted interventions, ultimately enhancing patient outcomes. Increased awareness regarding AMD and the significance of routine eye examinations have led to higher diagnosis rates.

Educational campaigns and initiatives undertaken by healthcare organizations and advocacy groups have significantly raised awareness, enabling early intervention and timely management of AMD. Government support and favourable reimbursement policies for AMD treatments have further strengthened the market. Accessible insurance coverage for diagnostic tests and therapies has improved patient access to effective treatments, further propelling market growth. Given the rising AMD prevalence, technological advancements, growing awareness, and supportive healthcare policies, the Age-Related Macular Degeneration market is positioned for substantial expansion.

The introduction of new and effective treatment options for dry AMD is anticipated to drive market growth

The market growth of dry age-related macular degeneration (AMD) is expected to be supported by an increase in pipeline drugs targeting this condition. Dry AMD, a progressive eye disease that causes the deterioration of the macula, is the most common form of AMD. Currently, there are limited treatment options available for dry AMD, and the development of novel drugs holds significant potential for addressing this unmet medical need.

The emergence of pipeline drugs specifically designed to target dry AMD presents an encouraging outlook for the market. These drugs aim to address the underlying mechanisms and pathways involved in the progression of dry AMD, such as inflammation, oxidative stress, and the accumulation of drusen. By targeting these key factors, these pipeline drugs have the potential to slow down or halt the progression of the disease, preserving vision and improving patient outcomes.

Type – Age-Related Macular Degeneration Market breakup from 2 Viewpoints:

1.    Wet AMD

2.    Dry AMD

Patent protection offers a favourable environment for sustained growth in the forecast period, positioning Beovu as a key player in the market for wet AMD treatments.

Beovu is expected to exhibit the highest growth rate during the forecast period primarily due to its patent protection. Beovu is a medication used for the treatment of various retinal diseases, including wet age-related macular degeneration (AMD). Patent protection grants exclusivity to the manufacturer, preventing generic competitors from entering the market and offering alternative versions of the drug. With its patent protection, Beovu enjoys a competitive advantage, allowing it to maintain a strong market position and capture a significant share. This exclusivity provides the manufacturer with a certain level of market control, enabling them to set pricing strategies and maximize profitability.

The anticipated growth of Beovu can be attributed to the sustained demand for effective treatments for wet AMD and other retinal diseases. As Beovu demonstrates favourable clinical outcomes and gains recognition within the medical community, it is expected to witness increased adoption by healthcare professionals and patients alike.

Product – Age-Related Macular DegenerationMarket breakup from 4 Viewpoints

1.    Eylea

2.    Lucentis

3.    Beovu

4.    Others

Indispensability of hospitals in the AMD treatment market stems from their comprehensive services, strategic partnerships, and direct patient access, which are vital for achieving market success

Hospitals play a vital role as the primary and dominant channel for the distribution of healthcare products, including treatments for age-related macular degeneration. Their comprehensive infrastructure and facilities, along with established partnerships with pharmaceutical companies, enable hospitals to efficiently distribute specialized medications and therapies for AMD. Additionally, hospitals serve as referral centers for ophthalmologists and retina specialists, providing direct access to the target patient population. While hospitals dominate the distribution channel, other channels like specialty clinics and retail pharmacies may also contribute depending on regional market dynamics and healthcare infrastructure.

Distribution Chanel – Age-Related Macular Degeneration Market breakup from 3 viewpoints:

1.    Hospital Pharmacy

2.    Specialty Pharmacy

3.    Online Pharmacy

Growing elderly population and a robust healthcare ecosystem positions North America at the forefront of the AMD industry

North America has established itself as the industry leader, primarily due to the continuous growth of the geriatric population. With an aging demographic, the region faces a higher prevalence of age-related conditions and diseases, including age-related macular degeneration. This demographic trend creates a significant market demand for AMD treatments and related healthcare services. Additionally, North America boasts advanced healthcare infrastructure, research facilities, and a strong pharmaceutical industry, enabling it to drive innovation and develop cutting-edge therapies for AMD.

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Region – Age-Related Macular Degeneration Market breakup of 5 Regions

1.    North America

2.    Europe

3.    Asia Pacific

4.    Latin America

5.    Middle East and Africa

Competitive Landscape

The Age-related Macular Degeneration market is witnessing strong competition among prominent companies, including F. Hoffman – La Roche Ltd., Bayer AG, Abbvie, GSK Plc., Novartis AG, Regeneron Pharmaceuticals, Bausch Health Companies, and Alimera Sciences. These companies have established themselves as key players in the market, offering innovative treatments and therapies for AMD. Their research and development efforts, strategic collaborations, and extensive product portfolios contribute to their competitive advantage. By continuously striving to develop new and improved solutions, these companies aim to meet the growing demand for effective AMD treatments and enhance patient outcomes.

The company has been covered from 3 Viewpoints:

•    Overview

•    Recent Development

•    Revenue

Company Analysis:

1.    F.    Hoffman – La Roche Ltd.

2.    Bayer AG

3.    Abbvie

4.    GSK Plc.,

5.    Novartis AG,

6.    Regeneron Pharmaceuticals

7.    Bausch Health Companies

8.    Alimera Sciences Inc

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About the Company: 

Renub Research is a Market Research and Information Analysis company with more than 14 years of experience in Research, Survey, and Consulting. Our research helps companies to take business decisions: on strategy, organization, operations, technology, mergers & acquisitions, etc. Till now we have published more than 7000 syndicated reports and worked on more than 500 custom research projects. Currently, we are supplying data to EMIS, Bloomberg, Thomson Reuters, etc. We support many blue-chip companies by providing them with findings and perspectives across a wide range of markets.

Media Contact:

Company Name: Renub Research

Contact Person: Rajat Gupta, Marketing Manager

Phone No: +1-478-202-3244 | +91-120-421-9822 (IND)

Address: 225 Kristie Ln, Roswell, GA 30076

Email: info@renub.com

LinkedIn: https://in.linkedin.com/company/renub-research

Artificial Sweetener Market, Size | Growth Forecast | 2028

Renub Research has recently released a report named “Artificial Sweetener Market, Size, Global Forecast 2023-2028, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis” providing a detailed industry analysis that consists of market share insights. In addition, the report covers research on competitors and areas and current advancements in the Artificial Sweetener Market. The Artificial Sweetener Market shall expand at a CAGR of 3.47% by 2028. Artificial sweeteners are sugar substitutes added to food and drinks, offering low to no calories, and are commonly used by people who want to reduce their sugar intake.

Expert Insights: Ask Analyst or Download Full Report with TOC & Figures: https://www.renub.com/global-artificial-sweeteners-market-consumption-high-intensity-products-regions-applications-p.php

Examples include aspartame, sucralose, saccharin, and neotame, and are generally considered safe by regulatory bodies such as the FDA, though some may have concerns about their long-term health effects. Artificial sweeteners are widely used in food and beverages, such as soft drinks, yogurt, and candies, as well as in tabletop sweeteners for coffee and tea. They are also found in pharmaceutical and personal care products, like cough syrups, toothpaste, and mouthwash.

The artificial sweetener market shall continue growing due to several factors, including increasing health awareness among consumers, a growing number of individuals with obesity and diabetes, rising demand for sugar-free products, lifestyle diseases, weight loss trends, and advancements in food processing technology. However, consuming excessive amounts of artificial sweeteners may have potential disadvantages, such as an increased risk of metabolic disorders, disruption of gut bacteria, and the development of a preference for overly sweet foods, among others.

Aspartame products are projected to lead the global market for artificial sweeteners in the upcoming years

Aspartame products have high sweetness intensity, allowing a lower quantity to be used in food and beverage products, resulting in fewer calories consumed. Aspartame products have a taste profile similar to sugar and do not leave an aftertaste like other artificial sweeteners. Additionally, aspartame is stable under various temperatures and pH levels, making it suitable for use in different food and beverage products. Aspartame is also approved for consumption by regulatory bodies such as the FDA and the European Food Safety Authority (EFSA).

Products – Global Artificial Sweetener Market will be divided into six types:-

1.    Aspartame

2.    Neotame

3.    Sucralose

4.    Acesulfame k

5.    Saccharin

6.    Others

The increasing food and beverage industry trends add to their hegemony in the artificial sweetener market

The dominance of the food and beverage application in the artificial sweeteners market can be due to the widespread use of artificial sweeteners in numerous food and beverage products, including soft drinks, juices, yogurt, baked goods, candies, and chewing gum. As consumers become more health-conscious and seek low-calorie and sugar-free alternatives, the demand for artificial sweeteners in food and beverages continues to grow. Additionally, advancements in food processing technology have enabled the incorporation of artificial sweeteners into a broader range of food and beverage products without compromising taste or quality.

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Application – Global Artificial Sweetener Market will be divided into four types

1.    Food and Beverage

2.    Direct Sales

3.    Pharmaceuticals

4.    Others

Awareness among consumers in Asia regarding the adverse health effects of sugar consumption is the key driver of the artificial sweeteners market in the region

Several factors, including rising health awareness among consumers and growing demand for low-calorie and sugar-free food and beverage products, are expected to drive the growth of the artificial sweeteners market in the Asia-Pacific region. In addition, the growing prevalence of lifestyle diseases, such as obesity and diabetes, also drives the demand for artificial sweeteners as a substitute for sugar. Furthermore, the increasing urbanization and changing consumer lifestyles in the region have led to a shift in dietary preferences towards healthier and more convenient food and beverage options, boosting the demand for artificial sweeteners.

Region – Global Artificial Sweetener Market will be divided into five types

1.    North America

2.    Europe

3.    Asia Pacific

4.    Latin America

5.    Middle East & Africa

Competitive Landscape

Cargill, Ingredion, Archer Daniels Midland Company, Tate & Lyle, Celanese Corporation, Wilmar International Limited, and DuPont de Nemours, Inc. are among the major players in the artificial sweetener market.

Key Players – All the major players have been covered from 3 Viewpoints

1.    Overview

2.    Recent Developments

3.    Revenue

Company Analysis

1.    Cargill

2.    Ingredion

3.    Archer Daniels Midland Company

4.    Tate & Lyle

5.    Celanese Corporation

6.    Wilmar International Limited

7.    DuPont de Nemours, Inc.

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About the Company: 

Renub Research is a Market Research and Information Analysis company with more than 14 years of experience in Research, Survey, and Consulting. Our research helps companies to take business decisions: on strategy, organization, operations, technology, mergers & acquisitions, etc. Till now we have published more than 7000 syndicated reports and worked on more than 500 custom research projects. Currently, we are supplying data to EMIS, Bloomberg, Thomson Reuters, etc. We support many blue-chip companies by providing them with findings and perspectives across a wide range of markets.

Media Contact:

Company Name: Renub Research

Contact Person: Rajat Gupta, Marketing Manager

Phone No: +1-478-202-3244 | +91-120-421-9822 (IND)

Address: 225 Kristie Ln, Roswell, GA 30076

Email: info@renub.com

LinkedIn: https://in.linkedin.com/company/renub-researchWebsite: www.renub.com

China Online Gaming Market: Expected to Achieve a Valuation of US$ 90.52 Billion by 2028, Size, Share, Growth | Renub Research

Renub Research has recently released a report named “China Online Gaming Market Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2027,” providing a detailed industry analysis that consists of market share insights. In addition, the report covers research on competitors and areas and current advancements in the China Online Gaming Market. The China Online Gaming Market shall expand at a CAGR of 8.45% from 2022 to 2027.China is the ‘Gaming Industry Capital of the World,’ comprising about 25% of the global video game industry. Nearly half of China’s population is gamers, and online games are played using various devices such as video game consoles, personal computers, and mobile devices. In addition, providers offer multiplayer modes, downloadable content and in-game chat for free or through fee or subscription models.

China’s gaming market is highly lucrative, with international companies investing in Chinese gaming vendors or sponsoring professional players’ teams. The growing popularity of eSports is one of the primary reasons for the industry’s growth, with tournaments broadcast online. In addition, Chinese companies are embracing digital transformation to enhance production efficiency, as seen with Tencent Games’ announcement of seven projects. Furthermore, the adoption of mini-games within mobile apps like WeChat is driving growth, and the modernization of cable networks and cloud infrastructure provides abundant resources for gaming services, making it one of China’s fastest-growing sectors for cloud computing. 

Request a free sample copy of the report: https://www.renub.com/request-sample-page.php?gturl=china-online-gaming-market-p.php

However, the China online gaming market suffers from concerns over gaming addiction, regulation, and censorship of certain games by the government, and the rise of counterfeit and pirated games, which can lead to revenue loss for legitimate gaming companies.

Continuous growth of mobile gaming remains a critical factor in boosting the China online gaming market

Mobile gaming has been the main growth driver in the China online gaming market, as more users access games through their smartphones and tablets. This trend shall continue as mobile devices become more affordable and accessible, with the maximum revenue generated through the rapid increase in China’s internet access via Wi-Fi and the widespread adoption of 4G and 5G. In addition, the market has seen higher growth among the age ranges of 13-20 years, and turning mobile devices into powerful gaming platforms has significantly driven the market.

Category- China’s Online Gaming Market breakup into three types;

1.    Mobile Gaming

2.    Client Gaming

3.    Web Gaming

During the forecast period, males will dominate the China online gaming market

The sovereignty of males in China’s online gaming market is because of factors such as the historical perception of gaming as a male-dominated activity, marketing strategies of popular games towards male audiences such as multiplayer online battle arena (MOBA) games and first-person shooter (FPS) games, and cultural and societal factors in China that put pressure on men to engage in competitive activities and women to focus on academics add to their growth in China online gaming market. Nevertheless, the gender imbalance is decreasing due to increasing interest among women in gaming and game developers creating more inclusive content.

User- China’s Online Gaming Market breaks up into two types;

1.    Male

2.    Female

Young age group has ascendancy in China’s online gaming market due to increased Internet accessibility and smartphone usage

Younger generations are more likely to be tech-savvy and have grown up with technology, making them more comfortable using digital platforms for entertainment. Additionally, the increasing accessibility and affordability of the Internet and smartphones have made it easier for young people to access online games. Furthermore, younger age groups may have more free time and disposable income, which they can use to spend on gaming. Finally, the popularity of social media and the ability to connect with friends and strangers through online gaming may also be contributing factors to the young age group’s involvement in the China online gaming market.

Age Group- China’s Online Gaming Market breaks up into five types;

1.    18-24 years

2.    25-34 years

3.    35-44 years

4.    45-54 years

5.    55-64 years

Competitive Landscape

NetEase, Tencent, 37 Interactive Entertainment, Zhejiang Century Huatong, Net Dragon, King Net Network, Yoozoo Interactive, and Perfect World Entertainment are significant players in the China Online Gaming Market.

Key Players-All key players have been covered from 3 points such as

•    Overview

•    Recent Developments

•    Financial Insights

Company Analysis

1.    NetEase

2.    Tencent

3.    37 Interactive Entertainment

4.    Zhejiang Century Huatong

5.    Net Dragon

6.    King net Network

7.    Yoozoo Interactive

8.    Perfect World Entertainment

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Contact Us:

Renub Research         

Phone No: +1-478-202-3244 | +91-120-421-9822 (IND)

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Dishwasher Market, Size | Growth Forecast | 2028

Renub Research has recently published a report titled “Dishwasher Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” providing a detailed industry analysis that includes market share insights. In addition, the report covers research on competitors and regions and current advancements in the dishwasher market. The Dishwasher Industry shall experience a CAGR of nearly 6.76% from 2022 to 2028. Dishwashers are appliances that automate dishwashing by spraying hot water and detergent onto dirty dishes and then rinsing them with clean water. They sanitize and disinfect dishes by heating the water and detergent to a high temperature, eliminating bacteria and germs.

Most dishwashers have racks and compartments to hold plates and cutlery during the washing cycle, and they offer different programs based on the type and level of dirtiness. Dishwashers come in different sizes and styles to suit various kitchen designs and can be purchased with multiple features, including energy efficiency, noise reduction, and smart technology. The demand for space-saving appliances like dishwashers shall increase as more people move to cities and live in smaller apartments and homes.

Furthermore, developing new technologies such as sensors, artificial intelligence, and smart technology will drive demand for advanced and connected dishwashers. In addition, the aging population will rely more on appliances like dishwashers to help with household tasks. Therefore, the need for environment friendly and energy-efficient appliances will also increase, leading to the development of more sustainable dishwasher models. 

Moreover, with more people working and leading busy lives, the demand for time-saving and convenient appliances like dishwashers is expected to grow. Furthermore, with the current pandemic, hygiene and cleanliness have become even more critical. Hence more people are expected to invest in appliances like dishwashers that effectively clean and sanitize dishes.

Built-in dishwasher market is growing as they are becoming an increasingly popular choice for modern kitchens

Built-in dishwashers are becoming popular among homeowners and renters who desire modern and seamless kitchen designs, as they blend well with cabinetry and other appliances. In addition, they provide space-saving benefits, making them ideal for smaller kitchens. With the expanding market, more affordable models are now available, catering to a broader range of consumers. Built-in dishwashers offer advanced features such as innovative technology, touchless controls, and quiet operation, providing added convenience and comfort. Additionally, energy-efficient models are gaining popularity due to environmental concerns, reducing water and energy consumption, leading to cost savings and environmental benefits.

Dishwasher market for household applications has the highest share due to its efficiency and hygiene provision 

Dishwashers offer numerous benefits to households. They save time and effort by automating the dishwashing process and are a convenient way to wash dishes, eliminating manual washing and drying. In addition, they provide hygiene and sanitation benefits by sanitizing and disinfecting plates, which is particularly important in households with young children or older adults. Modern dishwashers are energy and water-efficient, leading to cost savings. They are also versatile and can accommodate a wide range of dish sizes and shapes.

Wholesalers have a significant share of the dishwasher market

Wholesalers are a vital part of the dishwasher market due to their efficient distribution of the large volume of units produced by manufacturers to a broader market. They have a vast network of warehouses and delivery trucks, providing extensive geographic coverage. Wholesalers can negotiate better pricing and terms with manufacturers due to their large purchase volumes, leading to cost savings for retailers and customers. They offer additional services such as inventory management, technical support, and marketing services to retailers. Furthermore, their expertise in market dynamics allows them to provide valuable insights and advice to manufacturers, retailers, and customers.

Meanwhile, online shopping for dishwashers has revolutionized the way customers purchase appliances. Online retailers offer a more comprehensive selection, competitive pricing, and customer reviews to make informed purchasing decisions. Delivery and installation services are also convenient options. In addition, the COVID-19 pandemic has further accelerated the surge of online shopping.

Dominance of Europe in the Dishwasher Market is due to high penetration rates, disposable income, and innovation

Europe dominates the dishwasher market with a high penetration rate of dishwashers in households, leading to significant demand. Urbanization has also driven demand for space-saving appliances like dishwashers. European consumers prioritize environmental awareness, resulting in strict regulations on energy and water efficiency standards and the development of energy-efficient dishwashers. High disposable income allows consumers to invest in feature-rich dishwashers. Additionally, European manufacturers are innovative, introducing advanced features such as drying systems, wash zones, and customizable racks.

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Competitive Landscape

As dishwashers become increasingly popular, competition in the market intensifies. Technological advancements and price competition are driving factors, with manufacturers introducing new features and offering discounts to capture market share. Brand loyalty is challenging for new entrants and established brands compete to retain market share. In addition, globalization of the market has led to increased competition among manufacturers from different countries. Electrolux AB, Panasonic, Whirlpool, Robert Bosch GmbH, Samsung, Siemens, LG Electronics, and Haier are prominent companies working in the dishwasher market.

Market Summary:

Product type – The Report covers the Dishwasher Market by product types from 2 viewpoints

  • Freestanding
  • Built-in

Application – The Dishwasher Market, by application, break up into 2 viewpoints

  • Household
  • Commercial

Distribution channel – By distribution channel, the Dishwasher Market is broken up into 4 viewpoints

  • multi-brand stores
  • wholesalers
  • specialty stores
  • online retailers

Regions – By regions, the Dishwasher Market breaks up into 4 viewpoints

  • North America,
  • Europe,
  • Asia-Pacific,
  • Middle East & Africa

Key Players- All the major players of the dishwasher market have been covered from 3 Viewpoints (Overview, Recent Developments, and Sales Analysis)

  • Electrolux AB
  • Panasonic
  • Whirlpool
  • Robert Bosch GmbH
  • Samsung, Siemens
  • LG Electronics
  • Haier

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