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Updated by Technavio on May 29, 2020
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Global In-vitro Diagnostics Market 2019-2023

Global In-vitro Diagnostics Market 2019-2023

This market research report on the global in-vitro diagnostics market 2019-2023 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

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Global Commercial Vehicle Blind Spot Detection System Market 2018-2022

Global Commercial Vehicle Blind Spot Detection System Market 2018-2022

Technavio market research analysts forecast the global commercial vehicle blind spot detection system (BSD) market to grow at a CAGR of above 12% during the period 2018-2022, according to their latest report.

This market research report segments the global commercial vehicle blind spot detection system market into the following applications, including LCVs and M&HCVs and key regions, including the Americas, APAC, and EMEA.

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In this report, Technavio analysts highlight the growing demand for safety solutions in vehicles as a key factor contributing to the growth of the global commercial vehicle blind spot detection system market:

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Global Powder Coatings Market 2019-2023 | Analysis

Global Powder Coatings Market 2019-2023 | Analysis

The global powder coatings market is expected to post a CAGR of nearly 8% during the period 2019-2023, according to the latest market research report by Technavio.

A key factor driving the growth of the market is the extensive use of powder coatings in consumer appliances. At present, the consumer appliances segment emerged is the largest end-user segment of the global powder coatings market. Powder coatings offer strength, durability, and high-quality finish and are applied to most of the household and kitchen appliances. They can be easily applied to metals, glass, wood, and plastic. They are resistant to water, acids, solvents, chemicals, and weathering. Powder coatings prevent corrosion and are regularly applied to kitchen and household appliances.

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Beer Market in US | Size, Share, Trends | Industry Analysis | Forecast 2022 | Technavio

The beer market in the US is expected to post a CAGR of over 2% during the period 2018-2022, according to the latest market research report by Technavio.

A key factor driving the growth of the market is the rapidly increasing number of craft breweries. Over the years, the demand for craft beer has grown significantly in the US. The segment covered an estimated 23.34% of the overall beer market in the US. The growth of the craft beer market in the US has also increased the number of craft brewers in the US in various states. The increasing and rising rapid expansion of breweries in the US has contributed to an increase in the availability of beer in the market. Most of the breweries have introduced their own and unique beers. This has given customers increased opportunity to try new beer flavors. Thus, the demand for craft beer has led to the growth of the beer market in the US.

This market research report on the beer market in the US 2018-2022 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

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Tea Market | Size, Share, Industry Analysis & Forecast- 2023 | Technavio

A key factor driving the growth of the market is the rising consumption of tea. The global consumption of tea is increasing. By volume, the consumption of tea increased by around 30 to 36 billion liters from 2013 to 2018. Globally, tea was the second most consumed liquid after packaged water in 2017. According to the FAO, the production of tea witnessed an annual increase of 4.4% between 2007 and 2016. The growth trend in the production and consumption of tea is expected to continue during the forecast period. For instance, the per capita consumption of tea was around 35% in 2017, and it is expected to increase by around 3% by 2021. Major consumers of tea in terms of per capita consumption include Turkey, Ireland, Paraguay, Argentina, Kuwait, and the UK. Countries such as China, Sri Lanka, India, Kenya, and Indonesia are the largest producers and consumers of tea. Exports of tea are also increasing to cater to the globally increasing demand for tea. Therefore, the growing consumption of tea is expected to be a key volume driver for the market during the forecast period.

Automotive Maps Market Size & Share |Industry Analysis 2022 | Technavio

Technavio’s latest market research report on the global automotive maps market provides an analysis of the most important trends expected to impact the market outlook from 2018-2022. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.

According to Technavio market research analysts, the global automotive maps market will grow at a CAGR of close to 10% during the forecast period. The integration of navigation-supported safety features is a major factor driving the market’s growth.

The rise in the number of vehicles on the road has increased accident rates globally, with fatalities reaching 1.3 million in 2017. This has created demand for more safety systems and technology for drivers, passengers, and pedestrians. Apart from the mandates by regulatory agencies that have forced OEMs to include safety systems such as airbags, the automakers are also voluntarily equipping safety systems and related applications through intelligent controls in the navigation system.

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Textile Market Size & Share | Industry Research Report, 2019-2023 | Technavio

Global textile market size is forecast to grow by USD 526.1 billion during 2019-2023 at a CAGR of over 6%, with natural fibers segment having the largest share. Textile market growth will be mainly driven by the increasing demand for natural fibers.

A key factor driving the growth of the market is the increasing demand for natural fibers. Natural fibers obtained from plants and animals include cotton, silk, linen, wool, hemp, jute, and cashmere. These fibers are widely used to manufacture garments, apparel, construction materials, medical dressings, and interiors of automobiles among others. The abundance of natural fibers, especially cotton in China, India, and the US is contributing significantly to the growth of the global textile market. Silk is used in upholstery and apparels, as it is available in both variations fine as well as coarse. Wool and jute are used as textile materials for their resilience, elasticity, and softness. Therefore, the increasing consumption of natural fibers such as cotton, silk, wool, and jute will drive the global textile market during the forecast period.

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Automotive Wheel Accessories Market - Increasing Demand for Fuel-Efficient Cars Drives Growth

Automotive Wheel Accessories Market - Increasing Demand for Fuel-Efficient Cars Drives Growth

The global automotive wheel accessories market is expected to grow at a CAGR of over 6% during the period 2018-2022, according to a new market research study by Technavio.

The report presents a comprehensive research of the global automotive wheel accessories market by application that includes passenger car and commercial vehicle. The report also determines the geographic breakdown of the market in terms of detailed analysis and impact, which includes key geographies such as APAC, the Americas, and EMEA.

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9

Big Growth Expected in Advanced Energy Storage System Market

Big Growth Expected in Advanced Energy Storage System Market

The global advanced energy storage systems market size as per the recent report it will grow by 2,796.10 MW during 2018-2022. The pattern towards building efficiency and growing sales of plug-in electric vehicles and hybrid vehicles are responsible for the mounting interest in advanced energy materials.

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Global advanced energy storage systems industry overview
The government initiatives to promote advanced energy storage is the major driving factor for the growth of the advanced energy storage systems market. The need for switching to more effective, trusted, and less polluting energy sources has grown to achieve a cleaner economy. As the cost of adoption of renewable resources is high, several countries are providing purchase bonus and subsidies to ease the adoption of renewable sources of energy. Also, electricity grids need constant adjustments to the supply for estimated changes due to equipment overloads or force majeure activities. These factors make it important for energy storage systems to create a balanced and reliable grid system. Thus, the government initiatives to promote advanced energy storage is driving the market growth at a CAGR of more than 8% during the forecast period.

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The following lists the top 3 USA companies in the global advanced energy market that are responsible for big advancements in advanced energy storage systems and technologies.

1) Silver Spring Networks | USA

Customers: Baltimore Gas and Electric Company, CitiPower and Powercor, ComEd, Consolidated Edison, CPS Energy, and Singapore Power.
This company offers critical infrastructure for smart utilities and connected industries in public and private network environments. Silver Spring Networks’ contribution to the global advanced energy market has been in the form of smart-grid systems for meter data management, distribution automation, GIS, and demand-side management.

2) Brammo | USA

Subsidiary: BrammoParx
Brammo is a leading electric vehicle technology organization that is also pioneering the growth of advanced energy. Their Energy of Things methodology helps in the efficient utilization of energy, bringing down the levels of carbon emissions. When it comes to advancement and influencing changes in set protocols, Brammo is seen as a heavy hitter.

3) Clean Energy Fuels | USA

Subsidiaries: Clean Energy Renewables, NG Advantage, Clean Energy Cryogenics.
Clean Energy Fuels designs, builds, operates and maintains fueling stations. A major provider of natural gas as an alternative fuel for vehicle fleets in the United States and Canada, the company’s advanced energy solutions include the sale of tradable credits generated by selling natural gas and RNG as a vehicle fuel.

Automotive Valves Market Analysis Report to give you Great Insights

Automotive Valves Market Analysis Report to give you Great Insights Global automotive valves industry overview The developing penetration of advanced steel alloys for valves is the primary factor that...

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Top 3 Logistics Trends Transforming the Global Logistics Market in 2019

Top 3 Logistics Trends Transforming the Global Logistics Market in 2019

With the emergence of e-commerce and rising digital literacy among the consumers, the global logistics industry has been changing significantly in the recent years. Factors such as rising disposable incomes, dual-income households, and constant urbanization have encouraged consumers across both developed and emerging economies to follow upcoming logistics trends. This has further resulted in the rapid development of retail channels requiring efficient inventory management and warehousing solutions for helping the customers to make informed purchase decisions. Various companies have started engaging with logistics service providers for catering the customized demands of the consumers, in turn, resulting the global logistics market to register a CAGR of over 7% by the end of 2022.

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Top 3 Logistics Trends:

Blockchain Technology

The emergence of blockchain technology has enabled logistic companies to failsafe digital contracts. The use of this upcoming technology allows the different stakeholders of the logistics industry such as manufacturers, suppliers, customers, auditors, warehouse managers, and others to create a transparent and efficient system for recording transactions, tracking assets, and managing all documents involved in the logistics process. The implementation of the blockchain technology is one of the most prominent logistics trends gaining traction in the global blockchain technology market in transportation and logistics industry as it can increase the efficiency and transparency of supply chains and is expected to impact everything from warehousing to delivery top payment positively during the next few years.

Digitalization of the Logistics Industry

With digitalization shaping almost all the industries across the globe, logistics industry is no exception. Rising digital literacy and consumer awareness about the usage of different online platforms for making customized purchasing decisions, the digitalization of the logistics industry has emerged as the key trend gaining utmost traction. The use of digitization in the logistics industry is further expected to bring about significant reduction in procurement and supply chain costs while giving a considerable boost to the overall revenues. The integration of digital channels in the logistics industry is another critical logistics trends further allowing the logistics service providers to lend transparency to the customers while optimizing solutions for increased safety and efficiency.

Emergence of 3PL and 5PL

The proliferation of third-party logistics (3PL) and fifth-party logistics (5PL) is expected to accelerate the global logistics market during the predicted period. During 2017, the 3PL was able to contribute the highest to the global logistics market share. 3PL is responsible for encompassing a broad range of end-to-end transport and logistics needs including transporting goods, maintaining inventory logs and travel insurance, and offering a shield against property loss. Furthermore, according to Technavio’s express delivery market in Brazil, 3PL is one of those advancements in supply chain outsourcing, which provides decreased procurement expenses as well as reduced delivery times. The rising complexities in the global supply chain market are further ensuring the adoption of 5PL, wherein, providers of 5PL solutions often link e-businesses to achieve minimum cost targets.

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Global Backend as a Service Market 2018-2022 | 30% CAGR Projection Over the Next

The global backend as a service market is expected to post a CAGR of over 30% during the period 2018-2022, according to the latest market research rep

The global backend as a service market is expected to grow at a CAGR of over 30% during the period 2018-2022, according to the recent market research report publishes by Technavio.

Global Private Security Services Market 2018-2022| Increasing Global Economic Activity to Boost Demand| Technavio – P...

Technavio analysts forecast the global private security services market to grow at a CAGR of over 6% during the forecast period, according to their latest market research report.

The global mechanical seals market is expected to grow at a CAGR of close to 5% during the period 2018-2022, according to a new market research study by Technavio.
The report categorizes the global mechanical seals market based on the end-user segments such as oil and gas, GI, C&P, WWI, power, and others. The report also determines the geographic breakdown of the market in terms of detailed analysis and impact, which includes key geographies such as APAC, the Americas, and EMEA.

The Laundry Care Market: Emerging Trends and Opportunities

Technavio analysts forecast the global laundry care market to grow at a CAGR of nearly 5% during the forecast period, according to their latest market research report. The emergence of eco-friendly…

Aircraft Hangar Market | Size, Share, Growth, Trends | Industry Analysis | Forecast 2022 | Technavio

Global aircraft hangar market size will grow by USD 920 million during 2018-2022 at a CAGR of over 3%. The aircraft hangar market analysis indicates the growing airport construction will drive growth. Technological advancements will also impact the aircraft hangar industry growth.

Smart Lock Market | Size, Share, Growth, Trends | Industry Analysis | Forecast 2022 | Technavio

Global smart lock market 2018-2022: Info on smart lock market worth, smart door lock market share of various companies, and factors driving smart door lock market growth are available from Technavio. The report also offers info on smart lock market trends that will provide new growth opportunities.

Global Police and Military Simulation Training Market 2018-2022 | Demand for Cost-optimization to Boost Growth | Tech...

The global police and military simulation training market is expected to post a CAGR of over 4% during the period 2018-2022, according to the latest market research report by Technavio.A key factor driving the growth of the market is cost-effective virtual training. Realtime training is expensive and involves many additional costs, whereas virtual training is highly cost-effective. This feature of virtual or synthetic training is the primary driver for the growth of the global police and military...

Global Physical Security Market 2018-2022| Integration of IoT in Physical Securi

According to the latest market research report released by Technavio, the global physical security market is expected to accelerate at a CAGR of over

Electroencephalography Devices Market | Size, Share, Growth, Trends | Industry Analysis | Forecast 2022 | Technavio

Global Electroencephalography (EEG) Devices Market 2018-2022 : Global electroencephalography (EEG) devices market segmentation, industry reports, market trends, and market outlook are now available from Technavio. We also offer market forecast and industry overview on various industries.

Stem Cell Therapy Market Size Will Grow by USD 820 Million During 2018-2022 | Technavio

Global stem cell therapy market size will grow by USD 820 million during 2018-2022 at a CAGR of close to 11%, with allogeneic transplant segment having the largest market share. Stem cell therapy market analysis indicates growth will be driven by the increase in awareness of stem cell therapy. stem cell therapy industry growth will also be impacted by the potential curative option for chronic diseases.

Oral Hygiene Market | Size, Share, Growth, Trends | Industry Analysis | Forecast 2022 | Technavio

Global oral hygiene market size is forecast to grow by USD 8.43 billion during 2018-2022 at a CAGR of 3%, with primary oral hygiene products segment having the largest market share. Oral hygiene market analysis indicates growth will be driven by the innovation in technology and product line extension leading to premiumization. Oral hygiene industry growth will also be impacted by the increase in demand for natural and organic oral hygiene products.

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Offshore Drilling Market – Top 5 Leading Companies in the World 2019

Offshore Drilling Market – Top 5 Leading Companies in the World 2019

Here are 2019’s top 18 offshore drilling companies on the global stage:

Technavio's analysts forecast the global offshore drilling market to grow at a CAGR of 9.25% in terms of revenue over the period 2014-2019. Offshore drilling is a type of oil extraction in which wellbores are drilled through the seabed. It is typically carried out for the extraction of petroleum that lies in the rock formation beneath the seabed. Offshore drilling is categorized into shallow water drilling and deep-water drilling. Offshore drilling activity that takes place in a range of 0-650 feet falls under shallow water drilling, and drilling activity beyond 650 feet is categorized as deep-water drilling. The total drilling depth depends on the location of the reservoirs and the type of drilling facilities used.
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1. Schlumberger: Schlumberger is currently topping the list of the world’s top offshore drilling companies. It is the biggest offshore drilling contractor (in terms of revenue) not just in the US but across the world has a history of science and technology innovation, backed by strategic mergers and acquisitions. From conventional to application-specific systems for geothermal wells, rigs, jack-ups, unconventional plays and more, Schlumberger’s drilling services are designed to trim down the installation time and enhance safety.

Schlumberger supplies the industry’s most comprehensive range of products and services, from exploration through production and integrated pore-to-pipeline solutions for hydrocarbon recovery that optimize reservoir performance.
2. Halliburton : Halliburton serves the upstream oil and gas sector throughout the lifecycle of the reservoir, from locating reserves and managing geological data, to drilling evaluation, well construction, completion and production optimization through the life of the field. Offshore drilling services offered by Halliburton include horizontal and directional drilling, measurement-while-drilling, logging-while-drilling, multilateral systems, underbalanced applications and rig site information systems.

  1. Fluor Corporation: Fluor Corporation is a MNC engineering and construction firm, the largest such entity in the ‘Fortune 500’ rankings, with a listing of 149. The company specializes in engineering, procurement, and construction management services for drilling and production resources at offshore fields and other energy assets. Fluor was involved in the development of some major offshore areas such as the Enfield oil field in Australia, Nasr/Al-Nasr field development in Abu Dhabi, UAE, the Ku-Maloob-Zaap field in Mexico, and the Bohai Bay field in China.

  2. Baker Hughes: Baker Hughes specializes in drilling, production, and completion services for oil, gas and other energy industries. Offshore drilling systems offered by Baker Hughes include directional drilling services, measurement-while-drilling, coiled tubing and re-entry, logging-while-drilling, casing/liner drilling systems, drilling optimization, and remote drilling. Who Dat field in the Gulf of Mexico and the Skuld offshore field in the Norwegian Sea are some of the major offshore oil fields wherein the company offers its deep-water drilling services.

  3. Transocean Ltd. : Transocean is the world’s largest provider of offshore contract drilling services across the globe. With 140 mobile offshore drilling units, four ultra-deepwater new build units, and five high-specification jack-ups, the company’s fleet is considered one of the most versatile and modern in the world owing to its significant emphasis on technically demanding sections of the offshore drilling business.

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Global Identity and Access Management Market 2018-2022 to Post a CAGR of 13%

Technavio analysts forecast the global identity and access management market to grow at a CAGR of over 13% during the period 2018-2022, according to t