Global Instrument Transformers Market Report 2024: Growth Rate, Major Segments And Regions

 

The Instrument Transformers Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Instrument Transformers Global Market Report 2024, The instrument transformers market size has grown strongly in recent years. It will grow from $8.65  billion in 2023 to $9.1  billion in 2024 at a compound annual growth rate (CAGR) of 5.3%.  The  growth in the historic period can be attributed to electrical grid expansion, grid reliability, renewable energy integration, digitization, industrial and commercial infrastructure.

The instrument transformers market size is expected to see strong growth in the next few years. It will grow to $12.11  billion in 2028 at a compound annual growth rate (CAGR) of 7.4%.  The growth in the forecast period can be attributed to electric vehicle charging infrastructure, environmental sustainability, energy efficiency, diagnostics and condition monitoring, rapid urbanization. Major trends in the forecast period include digital instrument transformers, compact and lightweight design, wideband and high-frequency transformers, renewable energy integration, iot and connectivity
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The increasing electricity demand is expected to fuel the growth of the instrument transformers market in the coming years. Electricity is a form of energy that can be transmitted through wires and is used for heating, lighting, and machine power. As a result of increased household incomes, electrification of transportation and heat, surging demand for digitally connected devices and air conditioning, the electricity demand is expected to propel even further. Instrument transformers are specialized transformers that are used to test current and voltage while keeping measurement and control equipment isolated from the primary circuit. For instance, according to the World Energy Outlook, global electricity demand is expected to increase at 2.1% per year until 2040, double the rate of primary energy growth. The share of electricity in the overall final energy demand is expected to rise by 24% in 2040 as a result of this. Therefore, the increasing electricity demand propels the growth of the instrument transformers market.

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The instrument transformers market covered in this report is segmented –
1) By Type: Current Transformers, Potential Transformers, Combined Instrument Transformers
2) By Enclosure Type: Indoor, Outdoor
3) By Voltage: Distribution Voltage, Sub-Transmission Voltage, High Voltage Transmission, Extra High Voltage transmission, Ultra-High Voltage Transmission
4) By Application: Relaying, Switchgear Assemblies, Metering And Protection, Other Applications
5) By End-User: Power Utilities, Power Generation, Industries and OEMs, Other End-Users

Major companies operating in the instrument transformers market are focusing on innovating products, such as transformers, to provide reliable services to customers. Transformers are used as instruments for floating offshore wind power. For instance, in June 2021, Hitachi Energy Ltd, a Switzerland-based Energy industry company launched transformers. Transformers are designed to overcome the challenging offshore environment and withstand the physically demanding conditions of floating wind turbines and substations. This transformers include collector step-up transformers, earthing transformers, and shunt reactors for floating substations.

The instrument transformers market report table of contents includes:
1. Executive Summary

2. Instrument Transformers Market Characteristics

3. Instrument Transformers Market Trends And Strategies

4. Instrument Transformers Market - Macro Economic Scenario

5. Global Instrument Transformers Market Size and Growth
.
31. Global Instrument Transformers Market Competitive Benchmarking

32. Global Instrument Transformers Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Instrument Transformers Market

34. Instrument Transformers Market Future Outlook and Potential Analysis

35. Appendix

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Global Ink Resin Market Analysis 2024 – Estimated Market Size And Key Drivers

 The Ink Resin Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Ink Resin Global Market Report 2024, The ink resin market size has grown rapidly in recent years. It will grow from $4.13  billion in 2023 to $4.58  billion in 2024 at a compound annual growth rate (CAGR) of 11.1%.  The  growth in the historic period can be attributed to printing industry growth, increased demand in the packaging industry, rise in environmental regulations, expansion of inkjet printing, increased demand in flexographic printing sector.

The ink resin market size is expected to see rapid growth in the next few years. It will grow to $7.05  billion in 2028 at a compound annual growth rate (CAGR) of 11.4%.  The growth in the forecast period can be attributed to increasing regulatory changes, rising demand for e-commerce packaging, growing healthcare and pharmaceutical packaging sectors, rising specialty inks use, adoption of 3d printing inks. Major trends in the forecast period include water-based ink resins, uv-curable inks, low-voc formulations, hybrid ink technologies, bio-based resins:.

An increase in consumer spending and online shopping is expected to propel the growth of the ink resins market going forward. Online shopping is a type of electronic commerce that enables customers to place direct orders for goods or services from sellers using a computer browser. High-quality packaging is seen as an additional expenditure by the majority of e-commerce enterprises since it protects the item from damage during shipping, lowering the likelihood that buyers will return it. Flexible packaging inks improve the graphic appearance and help the package work better by maintaining the quality of the pictures during the product’s production, packaging, transportation, and use. For instance, in June 2021, according to an article published by Oberlo, a Germany-based online store where business owners can look for and purchase products to sell, the number of digital purchasers accounted for 2.14 billion in 2021. That amounts to 27.6% of the 7.74 billion people in the world. Digital consumers increased by 900 million more people in 2021, or 4.4%, year over year. Furthermore, in 2022, the number of digital buyers is expected to be 266.7 million in the United States. Therefore, the increase in consumer spending and online shopping is driving the growth of the ink resins market.

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The ink resin market covered in this report is segmented –
1) By Resin Type: Modified Rosin, Hydrocarbon, Modified Cellulose, Acrylic, Polyamide, Polyurethane, Other Resin Types,
2) By Technology: Oil-Based, Solvent-Based, Water-Based, UV-curable-Based,
3) By Printing Process: Lithography, Gravure, Flexography, Other Printing Processes,
4) By Application: Printing And Publication, Flexible Packaging, Corrugated Cardboard And Cartons, Other Applications,

Product innovations are the key trend gaining popularity in the ink resins market. Major companies operating in the market are developing innovative products such as improvements in 3D printing, and the introduction of new technologies such as inkjet, offset, and others to sustain their position in the market. For instance, in March 2022, ALTANA, a Germany-based developer and manufacturer of high-quality, innovative specialty chemical products, is adding new high-performance resins to its already released Cubic Ink 3D printing material families. In this material category, the two new resin-based Cubic Ink 3D printing material series 'High Performance' and 'Prototyping' provide high levels of flexibility, toughness, and heat resistance. The Cubic Ink printing materials combine properties that allow them to be used as final components with properties that are process-friendly, like low viscosity and resin stability.

The ink resin market report table of contents includes:
1. Executive Summary

2. Ink Resin Market Characteristics

3. Ink Resin Market Trends And Strategies

4. Ink Resin Market - Macro Economic Scenario

5. Global Ink Resin Market Size and Growth
.
31. Global Ink Resin Market Competitive Benchmarking

32. Global Ink Resin Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Ink Resin Market

34. Ink Resin Market Future Outlook and Potential Analysis

35. Appendix

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Utilizing The Global Market Model, Evaluate And Analyze The Factors Influencing Various Markets Across Diverse Geographic Regions

 

The flagship product of The Business Research Company, the Global Market Model, stands as the most comprehensive database of integrated market information available to corporations, consultancies, and various entities worldwide. This market intelligence platform assists users in understanding crucial global market landscapes, facilitating faster and well-informed strategic decisions. Furthermore, it explores diverse market opportunities within specific industries. This online portal provides access to an extensive array of resources, including 1,500,000 datasets, covering over 7,000 global markets and a multitude of metrics across 27 industries and 58 geographical regions. It encompasses historical and forecast data, with continuous updates, analytical tools, a comprehensive taxonomy, and more.

 

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Global Gas Insulated Transformer Market Report 2024: Growth Rate, Major Segments And Regions

The Gas Insulated Transformer Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Gas Insulated Transformer Global Market Report 2024, The gas insulated transformer market size has grown strongly in recent years. It will grow from $2.58 billion in 2023 to $2.74 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%.  The  growth in the historic period can be attributed to grid modernization, increased urbanization, aging infrastructure, renewable energy integration, electrical loss reduction.

The gas insulated transformer market size is expected to see strong growth in the next few years. It will grow to $3.54 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%.  The growth in the forecast period can be attributed to compact substations, electrification of transportation, resilience and grid reliability, energy storage integration, decentralized energy generation. Major trends in the forecast period include eco-friendly insulating gases, smart grid technologies, integration of voltage source converters, high-voltage direct current (hvdc), biodegradable insulating materials, flexible and smart transformers.

An increase in government initiatives is expected to propel the growth of the gas-insulated transformer market going forward. In order to meet the high energy demand, governments across the globe are investing in different energy plant initiatives. For instance, according to the Power Transformer News Report, in January 2022, the government of India constructed a new gas-insulated substation in Maharashtra, India. The substation has 300MW of capacity, which may be further expanded to 700MW, and it is supported by three separate sources and pathways. Therefore, the increasing initiatives in the construction of gas and power plants are driving the gas-insulated transformer market.

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The gas insulated transformer market covered in this report is segmented –
1) By Type: Instrument Transformers, Power Transformers, Other Types
2) By Voltage: Medium Voltage (Up to 72.5 kV), High Voltage (72.5 kV to 220 kV), Extra High Voltage (Above 220 kV)
3) By Installation: Indoor, Outdoor
4) By End User: Industrial, Commercial, Other End Users

Technological advancements have emerged as the key trend gaining popularity in the gas-insulated transformer market. Organizations operating in the gas insulated transformer market are focused on technological innovations to strengthen their position in the market. For instance, China Southern Power Grid Co., Ltd. (CSG) and State Grid Corporation of China (SGCC), Chinese state-owned enterprises, announced the development of ultra-high voltage electrical grids in 2020 using High Voltage Alternating Current (HVAC) and High Voltage Direct Current (HVDC) technologies. China's government gave USD 26.8 billion dollars for the development of these projects.

The gas insulated transformer market report table of contents includes:
1. Executive Summary

2. Gas Insulated Transformer Market Characteristics

3. Gas Insulated Transformer Market Trends And Strategies

4. Gas Insulated Transformer Market - Macro Economic Scenario

5. Global Gas Insulated Transformer Market Size and Growth
.
31. Global Gas Insulated Transformer Market Competitive Benchmarking

32. Global Gas Insulated Transformer Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Gas Insulated Transformer Market

34. Gas Insulated Transformer Market Future Outlook and Potential Analysis

35. Appendix

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Global Gas Generator Sets Market Analysis 2024 – Estimated Market Size And Key Drivers

The Gas Generator Sets Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Gas Generator Sets Global Market Report 2024, The gas generator sets market size has grown strongly in recent years. It will grow from $8.58  billion in 2023 to $9.01  billion in 2024 at a compound annual growth rate (CAGR) of 5.0%.  The  growth in the historic period can be attributed to increased in demand for reliable backup power solutions, growth in emphasis on energy security and grid resilience, expansion of industrial and commercial infrastructure, rise in natural gas production and availability, need for continuous power supply in critical applications.

The gas generator sets market size is expected to see steady growth in the next few years. It will grow to $10.88  billion in 2028 at a compound annual growth rate (CAGR) of 4.8%.  The growth in the forecast period can be attributed to integration of gas generator sets in hybrid and microgrid systems, demand for combined heat and power (chp) systems for energy efficiency, adoption of low-emission and renewable natural gas sources, customization of generator sets for specific industrial applications, focus on decentralized power generation and distributed energy resources. Major trends in the forecast period include hybrid and multi-energy systems, smart and remote monitoring capabilities, high-efficiency combined heat and power (chp) applications, low-emission and emission-neutral technologies, advanced control and synchronization systems.

The increasing energy consumption across the globe is expected to propel the growth of the gas generator sets market going forward. Rapid growth in socio-economic factors such as population, urbanization, net capital income, and industrial activities in both developed and developing economies have contributed to a rapid surge in consumption of electricity across the globe. The increase in consumption of electricity is expected to boost demand for gas generator sets, as industries, commercial and residential units are investing in portable power units such as gas generators to counter the regular power outages. For instance, according to the International Energy Agency (IEA) Electricity Market Report July 2021, global electricity demand is estimated to grow by 5% during 2020-21, and 4% during 2021-22. China and India alone are estimated to account for 9% of global growth. Therefore, the increase in energy consumption across the globe is driving the gas generator sets market.

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The gas generator sets market covered in this report is segmented –
1) By Fuel Type: Natural Gas, Biogas, Other Fuel Types
2) By Power Rating: Less Than 50 kVA, 51 kVA - 125 kVA, 126 kVA - 200 kVA, 201 kVA - 330 kVA, 331 kVA - 750 kVA, Above 750 kVA
3) By Application: Standby, Peak Shaving, Prime/Continuous
4) By End-User: Residential, Industrial, Commercial, Power and Energy, Other End-Users

Product innovation is a key trend gaining popularity in the gas generator sets market. Many companies operating in the gas generator sets market are developing innovative products with advanced technologies to strengthen their position in the market. For instance, in August 2022, Kirloskar Oil Engines Limited, an India-based sustainable and customer-centric solution provider operating in the gas generator sets market launched a gas-powered generator range. These IoT-enabled gas generators run efficiently even in extremely cold conditions on PNG and also offer a digital monitoring system that enables users to remotely monitor important parameters and the generator’s performance in real-time from anywhere, and the noise and emission levels are much lower than in a conventional generating set.

The gas generator sets market report table of contents includes:
1. Executive Summary

2. Gas Generator Sets Market Characteristics

3. Gas Generator Sets Market Trends And Strategies

4. Gas Generator Sets Market - Macro Economic Scenario

5. Global Gas Generator Sets Market Size and Growth
.
31. Global Gas Generator Sets Market Competitive Benchmarking

32. Global Gas Generator Sets Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Gas Generator Sets Market

34. Gas Generator Sets Market Future Outlook and Potential Analysis

35. Appendix

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Global Fuel Cell Market Report 2024: Growth Rate, Major Segments And Regions

The Fuel Cell Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Fuel Cell Global Market Report 2024, The fuel cell market size has grown exponentially in recent years. It will grow from $5.11  billion in 2023 to $6.6  billion in 2024 at a compound annual growth rate (CAGR) of 29.2%.  The  growth in the historic period can be attributed to government subsidies and incentives, environmental regulations, global energy demand, grid modernization, economic growth.

The fuel cell market size is expected to see exponential growth in the next few years. It will grow to $17.32  billion in 2028 at a compound annual growth rate (CAGR) of 27.3%.  The growth in the forecast period can be attributed to rising demand for low-emission vehicles, rising electrification of transport, hydrogen infrastructure development, rising data centers. Major trends in the forecast period include advancements in material science, energy storage integration, microgrid integration, innovation in fuel cell technologies, partnership and collaboration.

An increasing focus on reducing greenhouse gas emissions is expected to propel the growth of the fuel cell market going forward. Greenhouse gas refers to any gas that has the property of absorbing infrared radiation that is emitted from Earth’s surface and reradiating it back to Earth’s surface. Like electric vehicles, fuel cell vehicles (FCVs) are zero-emission vehicles that will have no smog-related or greenhouse gas tailpipe emissions. For instance, according to the data released by the government of the Netherlands, the Climate Act calls for a 49% reduction in greenhouse gas emissions by 2030 and a 95% reduction by 2050. Therefore, the increasing focus on reducing greenhouse gas emissions will drive the growth of the fuel cell market.

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The fuel cell market covered in this report is segmented –
1) By Type: Polymer Electrolyte Membrane Fuel Cells (PEM), Molten Carbonate Fuel Cells (MCFC), Phosphoric Acid Fuel Cells (PAFC), Solid Oxide Fuel Cells (SOFC), Direct Methanol Fuel Cells (DMFC), Other Types
2) By Application: Portable, Stationary, Transport
3) By End User: Commercial and Industrial, Data Centres, Transportation, Military and Defense, Utiilities and Government, Other End Users

Strategic partnerships and collaborations have emerged as a key trend gaining popularity in the fuel cell market. Major companies operating in the fuel cell industry are searching for strategic alliances to help them strengthen their position. For instance, in September 2021, Eaton’s Vehicle Group, an Ireland based power management company, partnered with Ballard Fuel Cell Systems and the National Renewable Energy Laboratory for an undisclosed amount. Through this partnership, Eaton's Vehicle Group obtained funding from the US Department of Energy to create highly efficient hydrogen fuel cells capable of powering heavy-duty machinery. Ballard Fuel Cell Systems is a Canada- based developer and manufacturer of proton exchange membrane (PEM) fuel cell products. Moreover, in April 2022, Alstom, a France-based transport system marketer and developer partnered with Engie SA to establish renewable hydrogen logistics and refueling solutions for a fuel cell system capable of powering electric locomotives on non-electrified sections of the railway network. Engie SA is a France-based electric utility company.

The fuel cell market report table of contents includes:
1. Executive Summary

2. Fuel Cell Market Characteristics

3. Fuel Cell Market Trends And Strategies

4. Fuel Cell Market - Macro Economic Scenario

5. Global Fuel Cell Market Size and Growth
.
31. Global Fuel Cell Market Competitive Benchmarking

32. Global Fuel Cell Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Fuel Cell Market

34. Fuel Cell Market Future Outlook and Potential Analysis

35. Appendix

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ECG Devices Market Growth Trajectory Through 2024-2033

The ECG Devices Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s ECG Devices Global Market Report 2024, The ecg devices market size has grown rapidly in recent years. It will grow from $5.88 billion in 2023 to $6.73 billion in 2024 at a compound annual growth rate (CAGR) of 14.4%.  The  growth in the historic period can be attributed to cardiovascular disease prevalence, aging population, diagnostic and monitoring needs, healthcare infrastructure growth, telemedicine and remote monitoring, and home-based healthcare.

The ecg devices market size is expected to see rapid growth in the next few years. It will grow to $11.02 billion in 2028 at a compound annual growth rate (CAGR) of 13.1%.  The growth in the forecast period can be attributed to increasing early detection of cardiac arrhythmias, personalized medicine and treatment, growing need for connected health ecosystem, emerging market expansion, non-invasive cardiac monitoring, and post-pandemic healthcare focus. Major trends in the forecast period include portable and wearable ecg devices, ecg in telehealth and remote consultations, ai and machine learning integration, technological advancements, and healthcare iot adoption
.
The increase in incidence of cardiovascular diseases is expected to propel the growth of the ECG devices market going forward. Cardiovascular disease is one of the most common of all health problems and the leading cause of death globally. To check for various cardiac diseases, an electrocardiogram (ECG or EKG) measures the electrical signal from the heart. Electrodes are set on the chest to record the electrical signals sent by the heart, which cause it to beat. For instance, according to the Centers for Disease Control and Prevention, a US-based public health agency, heart disease is the leading cause of death for men, women, and people of most racial and ethnic groups in the United States. One person dies every 33 seconds in the United States from cardiovascular disease and about 695,000 people in the United States died from heart disease in 2021. Therefore, the increasing cardiovascular diseases such as hypertensive heart disease, stroke, peripheral artery diseases, and ischemic heart disease (IHD) drive the growth of the ECG devices market during forecast period.

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The ecg devices market covered in this report is segmented –
1) By Product: Monitoring ECG Systems, Diagnostic ECG Systems
2) By Technology: Portable ECG Systems, Wireless ECG Systems
3) By Lead Type: Single Lead ECG, 3-6 Lead ECG, 12-Lead ECG
4) By End User: Hospitals, Homecare Settings, Other End-Users

Technological advancements are a key trend gaining popularity in the ECG devices market. Major companies operating in the ECG devices sector are focused on developing technologically advanced solutions to sustain their market position. For instance, in January 2022, Royal Philips, a Netherlands-based conglomerate corporation, launched an at-home 12-lead electrocardiogram (ECG) solution for use in decentralized clinical trials. The at-home solution enables clinical trial participants to record data with quality comparable to site-based ECGs at home by utilizing PCA 500 ECG patch data recording technology. Without the need for frequent site visits, onsite technicians, or home nurses, the solution's novel body-worn patch enables compliant 12-lead ECG implantation and near real-time, highly secure data transfer.

The ecg devices market report table of contents includes:
1. Executive Summary

2. ECG Devices Market Characteristics

3. ECG Devices Market Trends And Strategies

4. ECG Devices Market - Macro Economic Scenario

5. Global ECG Devices Market Size and Growth
.
31. Global ECG Devices Market Competitive Benchmarking

32. Global ECG Devices Market Competitive Dashboard

33. Key Mergers And Acquisitions In The ECG Devices Market

34. ECG Devices Market Future Outlook and Potential Analysis

35. Appendix

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Global Ductless Heating And Cooling Systems Market Analysis 2024 – Estimated Market Size And Key Drivers

The Ductless Heating And Cooling Systems Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Ductless Heating And Cooling Systems Global Market Report 2024, The ductless heating and cooling systems market size has grown strongly in recent years. It will grow from $78.63 billion in 2023 to $86.34 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%.  The  growth in the historic period can be attributed to energy efficiency regulations, increasing awareness of environmental sustainability and energy conservation, increased construction industry, fluctuating energy prices, and government incentives.

The ductless heating and cooling systems market size is expected to see strong growth in the next few years. It will grow to $123.61 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%.  The growth in the forecast period can be attributed to climate change mitigation efforts and the need for energy-efficient buildings, adoption of green building certifications and standards, research and development sustainable materials, increasing demand for passive house and zero-energy building designs, and urbanization and population growth. Major trends in the forecast period include smart and wi-fi-enabled systems, sustainability and eco-friendly refrigerants, inverter technology, ductless mini-split systems, and heat pump technology.

The growing number of smart homes is expected to propel the growth of the ductless heating and cooling systems market going forward. Smart homes give customers more control over home energy consumption by automating tasks such as regulating temperature, turning on/off lights, opening, and shutting window treatments, and adjusting watering based on weather. These facilities ensure electricity and reduce power and water bills.  For instance, according to a survey by Oberlo, a Lithuania-based software development company, in 2022, nearly 57.4 million households in the US are currently using smart home devices, which is a 6.7% increase from 2021 where the number was 53.8 million households using smart home devices.  Therefore, the growing number of smart homes will drive the ductless heating and cooling systems market during forecast period.

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The ductless heating and cooling systems market covered in this report is segmented –
1) By Type: Cooling Only Split System, Heat Pump, Chilled Water System, Window Air Conditioners
2) By Application: Residential, Commercial, Industrial

Technological innovation is a key trend gaining popularity in the ductless heating and cooling systems market. Major companies operating in the ductless heating and cooling systems market are focused on providing technologically advanced devices to strengthen their market position. These companies are implementing next-generation technologies into their devices and framework, such as automation, Internet of Things, advanced control algorithms, inverter-driven compressors, intelligent valves, and others to provide independent humidity and temperature control while eliminating the need for environmentally hazardous refrigerants. For instance, in March 2021, Carrier, a US-based home appliance company, introduced new ductless heating and cooling products that are fully communicative, providing versatility and energy efficiency. These products include the Performance Series high wall ductless system, which comprises the 40MAHB indoor unit and the 38MARB outdoor unit, and the multi-poise 40MBAA air handler.

The ductless heating and cooling systems market report table of contents includes:
1. Executive Summary

2. Ductless Heating And Cooling Systems Market Characteristics

3. Ductless Heating And Cooling Systems Market Trends And Strategies

4. Ductless Heating And Cooling Systems Market - Macro Economic Scenario

5. Global Ductless Heating And Cooling Systems Market Size and Growth
.
31. Global Ductless Heating And Cooling Systems Market Competitive Benchmarking

32. Global Ductless Heating And Cooling Systems Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Ductless Heating And Cooling Systems Market

34. Ductless Heating And Cooling Systems Market Future Outlook and Potential Analysis

35. Appendix

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Dry Milling Market Overview 2024-2033 – Competitive Landscape and Strategies

The Dry Milling Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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https://www.thebusinessresearchcompany.com/report/dry-milling-global-market-report

According to The Business Research Company’s Dry Milling Global Market Report 2024, The dry milling market size has grown strongly in recent years. It will grow from $104.19  billion in 2023 to $111.9  billion in 2024 at a compound annual growth rate (CAGR) of 7.4%.  The  growth in the historic period can be attributed to consumer preferences, regulatory changes, local and terroir focus, marketing and branding, cocktail culture.

The dry milling market size is expected to see strong growth in the next few years. It will grow to $155.63  billion in 2028 at a compound annual growth rate (CAGR) of 8.6%.  The growth in the forecast period can be attributed to continued growth of premium segment, health and wellness, digital marketing and e-commerce, aging population, whiskey aging and maturation. Major trends in the forecast period include low- and no-alcohol options, regional and terroir-driven offerings, ready-to-drink (rtd) cocktails, innovative aging techniques, digital marketing and e-commerce.

The rise in the consumption of corn flour-processed snacks across the globe is expected to propel the growth of the dry milling market going forward. Corn flour refers to flour made from dried whole corn kernels and is derived from the grinding of dried corn and is a common staple food. It is used in the preparation of various food items.  For instance, in November 2021, according to the Institute of Food Technologists (IFT) report, a US-based international, non-profit scientific association of professionals engaged in food science, food technology, and related fields, the number of snacks sold in the US increased by 5%, and the consumption of snacks by US adults is up to 2.7 snacks per day.  Therefore, the rise in the consumption of corn flour, processed snacks is driving the growth of the dry milling market during forecast period.

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The dry milling market covered in this report is segmented –
1) By Source: Yellow Corn, White Corn
2) By Product: Ethanol, Dried Distillers Grain With Soluble (DDGS), Corn Grits, Corn Meal, Corn Flour, Other End Products
3) By Application: Fuel, Feed, Food

Technological advancements have emerged as the key trend gaining popularity in the dry milling market. Major companies operating in the dry milling sector are focusing on developing new technologies to sustain their position in the market. For instance, in December 2021, Rieco Industries Limited, an India-based project engineering and machine manufacturing company, launched an innovative technological solution, RACAM, an air classifying action mill for dry powder grinding, which had the unique feature of air and dust separation. This machine provides various activities in dry milling such as classifying, conveying, integrated grinding, and collecting operations with the help of a single machine. It also provides an ultra-fine grinding powder. The equipment offers advantages such as larger capacity, higher efficiency, and less noise. The upgraded equipment is also more efficient and easier to clean and use.

The dry milling market report table of contents includes:
1. Executive Summary

2. Dry Milling Market Characteristics

3. Dry Milling Market Trends And Strategies

4. Dry Milling Market - Macro Economic Scenario

5. Global Dry Milling Market Size and Growth
.
31. Global Dry Milling Market Competitive Benchmarking

32. Global Dry Milling Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Dry Milling Market

34. Dry Milling Market Future Outlook and Potential Analysis

35. Appendix

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Bioplastics Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The Bioplastics  Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

Learn More On The Bioplastics  Market:

https://www.thebusinessresearchcompany.com/report/bioplastics-global-market-report

According to The Business Research Company’s Bioplastics  Global Market Report 2024, The bioplastics market size has grown rapidly in recent years. It will grow from $9.22  billion in 2023 to $10.91  billion in 2024 at a compound annual growth rate (CAGR) of 18.3%.  The  growth in the historic period can be attributed to environmental concerns, government regulations, rise in oil prices, changing consumer preferences for eco-friendly products, increased demand for sustainable packaging.

The bioplastics market size is expected to see rapid growth in the next few years. It will grow to $20.48  billion in 2028 at a compound annual growth rate (CAGR) of 17.1%.  The growth in the forecast period can be attributed to rising food and beverage insustry, growing automotive sector, global trade agreements, expansion in emerging markets. Major trends in the forecast period include advanced feedstock sourcing, bio-based materials for durables, industry collaboration, carbon neutrality focus.

Increasing awareness about the importance of bioplastics is expected to drive the market going forward. Globally, there has been increasing awareness regarding the adverse effects of pollution caused by plastics manufacturing and disposal. According to a study by Pew Charitable Trusts and SYSTEMIQ, Ltd., the amount of plastic trash that flows into the oceans every year is expected to nearly triple by 2040 to 29 million metric tons, if left unchecked.  All this contributes to the increasing pollution levels and making it necessary for customers to focus on sustainability. For instance, in 2022, according to the Ipsos Global Survey on Attitudes towards Single Use Plastics, at least 8 in 10 urban Indians accounting for 83% said they would like a complete ban on the usage of single use plastics (SUP).  Thus, increasing awareness will encourage customers towards bioplastics, and will drive the bioplastics market.

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The bioplastics market covered in this report is segmented –
1) By Type: Biodegradable, Non-Biodegradable
2) By Distribution Channel: Online, Offline
3) By Application: Rigid Packaging, Flexible Packaging, Textile, Agriculture And Horticulture, Consumer Goods, Automotive, Electronics, Building And Construction, Other Applications

Companies in the market are focusing on increasing investment in environment-friendly bioplastics.  Bioplastics are prepared from biodegradable and renewable resources such as proteins, starch, and polylactic acid (PLA). The number of available products and suppliers has increased in recent years leading to increase use of bioplastics in commercial markets across the globe. For example, in January 2022, Vikas Ecotech Limited plans to invest in the environment-friendly BioPlastics (PHA) technology and in the advance stage of finalizing a Technology Tie-Up/Joint Venture with Aurapha Private Ltd. (the 'AuraPHA') to produce Biodegradable Plastics.

The bioplastics  market report table of contents includes:
1. Executive Summary

2. Bioplastics Market Characteristics

3. Bioplastics Market Trends And Strategies

4. Bioplastics Market - Macro Economic Scenario

5. Global Bioplastics Market Size and Growth
.
31. Global Bioplastics Market Competitive Benchmarking

32. Global Bioplastics Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Bioplastics Market

34. Bioplastics Market Future Outlook and Potential Analysis

35. Appendix

Contact Us:
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