Automated Passenger Counting System Market worth $245 million by 2025 | CAGR of 13.2%

Automated Passenger Counting System Market

[199 Pages] Automated Passenger Counting System Market categrizes the Global market by Technology (IR, ToF, Stereoscopic Vision), Passenger Information System Market by Type (Display System, Mobile Applications), Application and Region. COVID-19 Impact on Automated Passenger Counting System Industry.

The report "Automated Passenger Counting System Market with COVID-19 Impact, by Technology (IR, ToF, Stereoscopic Vision), Passenger Information System Market by Type (Display System, Mobile Applications), Application and Region - Global Forecast to 2025", was valued at USD 155 million in 2019 and is projected to reach USD 245 million by 2025; it is expected to grow at a CAGR of 13.2% from 2020 to 2025. The passenger information system market was valued at USD 7.0 billion in 2019 and is projected to reach USD 8.9 billion by 2025; it is expected to grow at a CAGR of 12.5% during the forecast period.

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iris-GmbH Infrared & Intelligent Sensors (Germany), HELLA Aglaia Mobile Vision GmbH (Germany), Eurotech (Italy), DILAX Intelcom GmbH (Germany), Infodev Electronic Designers International Inc. (Canada), Cisco Systems, Inc. (US), Siemens AG (Germany), Hitachi, Ltd. (Japan), Samsung Electronics Co., Ltd. (South Korea), Innovation in Traffic Systems SE (Germany), BOE Technology Group Co., Ltd. (China), Clever Devices Ltd. (US), Ermetris SRL (Italy), EyeRide (US), Giken Trastem Co., Ltd. (Japan), GMV Syncromatics (US), LG Electronics (South Korea), Passio Technologies (US), Postec Technology (Brazil), r2p GmbH (Germany), Wabtec Corp. (US), and Xovis AG (Switzerland) are some key players operating in the automated passenger counting and passenger information system market.

Browse 104 market data Tables and 48 Figures spread through 199 Pages and in-depth TOC on "Automated Passenger Counting System Market with COVID-19 Impact by Region - Global Forecast to 2025"

Government regulations regarding the requirement of transit data, surged demand for advanced solutions in the transportation sector, deployment of automated passenger counting systems to optimize operational costs of transit agencies, and increased demand for real-time transit information from passengers and proper fleet management by transit vehicle operators owing to COVID-19 are the key drivers for the growth of the automated passenger counting and information system market.

The automated passenger counting and information system market includes major Tier I and II players like iris-GmbH Infrared & Intelligent Sensors (Germany), HELLA Aglaia Mobile Vision GmbH (Germany), Eurotech (Italy), DILAX Intelcom GmbH (Germany), and Infodev Electronic Designers International Inc. (Canada). These players have their manufacturing facilities spread across various countries across Asia Pacific, Europe, North America, and RoW. COVID-19 has impacted their businesses as well. Multiple manufacturing facilities of players have shut down due to COVID-19. According to primary respondents, the impact of COVID-19 is expected to be for the short-term; hence, the pandemic is assumed to prevail maximum until the fourth quarter of 2020. Thus, the extension of lockdowns owing to the COVID-19 in various countries worldwide has not been factored in this study

Increased demand for real-time transit information from passengers and proper fleet management by transit vehicle operators owing to COVID-19

The outbreak of the COVID-19 has made automated passenger counting more important than ever. The ability of these systems to show live occupancy figures in vehicles helps passengers to follow the social distancing recommendations while using public transport. Regulations limiting the number of onboard passengers in public transport have been introduced in a number of countries to ensure the safety of passengers and drivers. Video counting systems are also used for the purpose. They show the number of passengers in real-time on meters, smartphones, web browsers, etc. Cameras/sensor installed over doors of buses are linked to counting unit software, which detects the number of entries and exits in buses. These counters store passenger numbers without their identification so that their privacy is protected.

The stereoscopic vision segment of the automated passenger counting system market is projected to grow at the highest CAGR during the forecast period.

The stereoscopic vision technology has been gaining traction in the market for the past few years as it gathers accurate information from the high-volume traffic data. Moreover, this technology can also easily detect the direction wherein passengers are moving. The stereoscopic vision technology also enables bus operators to determine the actual number of passengers at each stop or during each trip. It helps in increasing revenues of bus operators as automated passenger counting systems enable crosschecking of the number of passengers against the issued tickets.

With automated passenger counts, bus companies can easily generate reports and monitor ridership trends over time for external funding agencies and transit authorities such as the Federal Transit Administration (FTA). As a number of bus companies are using automated passenger counting systems in their vehicles as a standard, the stereoscopic vision technology segment of the automated passenger counting system market is projected to grow at a significant rate in the coming years.

The buses segment is projected to lead the automated passenger counting system market from 2020 to 2025

Buses are a primary mode of public transport used in various countries such as the US, Canada, Germany, the UK, China, India, and Australia. They are equipped with passenger counting systems for reliable and safe service offerings, as well as for enhancing their transit operations. With automated passenger counting systems installed in buses, the transporters can determine the cost of passengers per mile and the number of passengers per driver. This data helps operators in making decisions for optimized operations. Hence, it has become a standard for bus operators to deploy passenger counting systems. The increasing adoption of intelligent transportation systems provides opportunities for the manufacturers of automated passenger counting systems as these systems are often implemented as a part of the intelligent transportation systems.

Mobile applications segment of the passenger information system market to grow at the highest rate from 2020 to 2025

The use of mobile applications is expected to rise substantially with significant advancements in technologies and increased use of smartphones among passengers. These applications provide passengers access to information irrespective of their location, enable them to view maps, and guide them to station and stop layouts. These features encourage new passengers to use public transit services by providing them remote access to detailed information regarding schedules, fares, routes, etc. For instance, in July 2020, the MetroWest Regional Transit Authority (MWRTA) of the US launched a new mobile app to allow users to communicate with the bus dispatchers of the transit authority and alert commuting shuttle bus drivers about train delays.

Automated passenger counting and information system market in APAC to grow at the highest rate from 2020 to 2025

The growth of the market in the APAC region can be attributed to the developing transportation sector, increasing number of buses and rails equipped with automated passenger counting and information systems. Moreover, the rising number of government initiatives to improve transportation services in APAC and surging investments in the transport sector transportation sector will drive growth. China and India are highly populated countries in the world. Thus, transit operators in these countries are adopting automated passenger counting and information systems to schedule routes and timing of public transport according to the requirements of passengers for the optimum utilization of their resources. The deployment of these systems enables the development of reliable and timely transportation services to a large population. The passenger information systems are used to convey schedules, route changes, and other real-time information such as arrival and departure time of vehicles, as well as delays, if any, to passengers.

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Vegan Cheese Market Size Projected To Reach $2.66 Billion By 2027 | Grand View Research, Inc

Grand View Research, Inc. - Market Research And Consulting.

According to report published by Grand View Research, the global vegan cheese market size was valued at USD 1.01 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 12.8% from 2020 to 2027.

The global vegan cheese market is expected to reach at USD 2.66 billion by 2027, at a CAGR of 12.8%, according to the new report by Grand View Research, Inc. Growing acceptance of vegan food products in the millennials is likely to encourage a huge market growth. Growing emphasis upon production of dairy and dairy related food products is expected to impel a huge market growth in the coming years.

Growth in population of lactose intolerant population is likely to attract a huge demand for vegan cheese. It is expected that this demand would grow around 7-8% in the next 2 to three years as the vegan population is growing in favor of environment sustainability and health awareness. The demand for fermented vegan cheese has gained a huge momentum in the backdrop of consumer preference for nutritious dairy food products.

Mozzarella dominated the market with more than 30.0% share of the global revenue in 2019. Extensive application of the product in various Italian foods, including pizzas, pasta, croquettes, risotto, lasagna, and Caprese, has surged the demand for the product. The ricotta product category is projected to expand at the fastest CAGR over the forecast period due to the increasing use of the product in various recipes.

In terms of end-use, the household segment led the market and held over 50.0% share of the global revenue in 2019. Rising purchasing power and willingness to spend on quality food products have expanded the demand for the product in the household sector. The foodservice segment is anticipated to witness the fastest growth during the forecast period. An increasing number of restaurants, fast-food chains, and cafes, are including plant-based items in their menus, which is fueling the demand for the product in the foodservice sector. Increasing use of the product in several pizza chains, such as Pizza Express and Koti Pizza, has boosted the segment growth across the globe.

New players have been entering the market to tap the growing demand for the product. For instance, in 2019, Pleese Foods, a U.S.-based plant-based cheese producer, entered the industry with a range of products available in various forms and flavors.

Browse Details of Report, Please Visit @ https://www.grandviewresearch.com/industry-analysis/vegan-cheese-market 

Covid-19 Effect:

Amid the covid-19 effect on global economy, the demand for snacks and junk food has reduced owing to the inception of social distancing norms and safety protocols. Governments in various countries have implemented flexible regulations on the movement of people and goods to prevent the pandemic and therefore many householders are coming up with innovative practice of producing home-made cheese that is rich in nutrients.

 Further Key Findings From The Report Suggest:

• In terms of end-use, household accounted for a significant share attributing to the rise in disposable income and preference for plant-based cheese products. Easy availability and demand for organic products in the supermarkets is one of the major drivers.
• Ricotta vegan cheese is anticipated to entail a huge market growth in the forecast period attributing to the rising application in multi-cuisine dish. For instance, vegan cheese is deliberately used in multi-flavored pizza, lasagna, and manicotti.
• MEA is a growing market for vegan cheese attributing to the shift in lifestyle and consumer awareness. Presence of retail markets with a huge consumer base is likely to encourage a significant market growth in the coming years.
• Europe accounted for a significant share in the 2019 and is expected to retain a dominant position in the following years. Asia Pacific has maintained a dominant position attributing to the sale of organic products and a high demand for dairy oriented products.

Request For Free Sample Report @ https://www.grandviewresearch.com/industry-analysis/vegan-cheese-market/request/rs1 

Major Players:

• Tofutti Brands, Inc.
• Dr-Cow Tree Nut Cheese
• Kite Hill
• VTOPIAN ARTISAN CHEESES
• Parmela Creamery
• Miyoko’s Creamery
• Gardener Cheese Company

Have Inquiry before buying about this report, our team of analyst will be glad to help!

Grand View Research has segmented the global vegan cheese market on the basis of product, source, end-use, and region:

Vegan Cheese Product Outlook (Revenue, USD Million, 2016 - 2027)

• Mozzarella
• Cheddar
• Parmesan
• Ricotta
• Cream
• Others

Vegan Cheese Source Outlook (Revenue, USD Million, 2016 - 2027)

• Soy
• Almond
• Coconut
• Cashew
• Others

Vegan Cheese End-use Outlook (Revenue, USD Million, 2016 - 2027)

• Household
• Food Processing
• Foodservice

Vegan Cheese Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America

  • The U.S.

• Europe

  • Germany

  • The U.K.

  • France

• Asia Pacific

  • China

  • Japan

• Central & South America

  • Brazil

• Middle East & Africa

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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Avenue Theaters Launches Custom and Budget-Friendly Home Theater Designs to Meet Growing Demand in the Market

Avenue Theaters is a leading home theater design firm that serves both luxury and budget-conscious clients.

Avenue Theaters has announced that it is now offering new custom home theater designs and plans, all of which will come at budget-friendly prices. The firm aims to tap into the growing demand for home theater plans in the market in the coming months.

For years now, the company has distinguished itself as a top-rated home theater design firm. Avenue Theaters is revamping its website in order to facilitate bringing this new service to the public. 

Its home theater plans are designed for all sorts of people, including customers who don’t mind paying extra for luxurious theater spaces. But the company feels that there is a huge market of budget-conscious people who would love to add a home theater in their homes without spending a fortune in the process. 

The new custom service is created for this type of client. Ultimately, the firm wants to make it as easy as possible for anyone to get a well-designed, high-end home theater. 

The company feels that many people are always looking to add additional living spaces into their homes. Whether it’s building a new patio, a shed outside, or transforming the attic into a little hideaway, more living space is always a great advantage. 

However, in recent years, the demand for expanding entertainment options at home seems to be driving growth in home theaters. Avenue Theaters believes that we are living in a golden age of video content. 

Streaming sites like Netflix, Hulu, Prime, and others have completely changed how people consume content. They are offering more diversity and provide viewers with massive collections of movie and TV catalogues to watch on demand. 

Designing the perfect place in the house to enjoy this content has become a priority for many homeowners. Avenue Theaters believes that its home theater design plans cater to this need. 

It has seemed that for years, custom home theaters were only an option for the rich. But this is not the case anymore. Even an average basement can be transformed into a state of the art entertainment center with the right home theater design and equipment.

Avenue Theaters is opening up its service and expertise to more and more clients. Top designers at the company bring on board decades of experience in home theater plans and will work hand in hand with any client to deliver exactly what they are looking for. 

Avenue Theaters is also inviting interested clients to look at the portfolio of plans already available on its website to see what its team is capable of. 

About Avenue Theaters

Avenue Theaters is a leading home theater design firm that serves both luxury and budget-conscious clients. 

The firm offers customized home theater plans and designs. Its top tier designers have been doing this for decades and bring invaluable experience in home theater planning to the table. 

Feel free to visit avenuetheaters.com for more information.

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New children’s book "Go Away Monster Spray" by Jennifer Giorno-Brennan is released, a story of overcoming fear and the power of a loving family

“Go Away Monster Spray” by Jennifer Giorno-Brennan has been released worldwide. This 30-page children’s book tells the story of young Brittany, who overcomes her fear of monsters with the help of a special spray her mommy makes. 

Go Away Monster Spray (ISBN: 9781735478524) can be purchased through retailers worldwide, including barnesandnoble.com and Amazon. The hardcover retails for $16.99. Wholesale orders are available through Ingram. 

From the back cover:

What’s a mother to do when Monsters invade her child’s room? This is a true story of how one Mommy remembers what it’s like to be a child and to not dismiss her child’s fears. This is how one child overcomes her fear of Monsters empowering her to become her little brother’s hero. 

About the author: 

Jennifer Giorno-Brennan began her thirty-two year elementary school teaching career in 1985 after graduating from Temple University with a Bachelor of Science in Education. She is a second generation educator and retired in 2019. Reading to her students was her favorite part of her teaching career. She is a wife and proud mother of two grown children, who are the inspirations for her writing. Jennifer is a member of NJREA and SCBWI. 

About MindStir Media:

MindStir Media LLC is an award-winning book publisher. To learn more about publishing a book with MindStir Media, visit http://mindstirmedia.com or call 800-767-0531.

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Women and Manufacturing Host Frances Brunelle Interviews Theresa Santiago of COUNTERPART ETO ERP

Frances Brunelle, President of Accelerated Manufacturing Brokers and one of the hosts of the WAM (Women and Manufacturing) podcast, recently interviewed Theresa Santiago, Account Executive at COUNTERPART ETO ERP, a full business operating software solution for engineer-to-order (ETO) manufacturers. Listen here for the full interview.

Santiago has spent more than 20 years in the ERP software space. Her experience spans support, implementation, and software sales into job shop manufacturers. She shared, “My role allows me to partner with engineer-to-order/custom build manufacturers. I am excited about this because these manufacturers fell by the wayside in the ERP software space until now. With COUNTERPART, we help speed up the engineering to manufacturing hand-off, increase efficiencies in engineering and through shipping up to 30% while reducing errors, costs, resulting in increased customization capacity without adding resources, better communication and overall increased profitability.” 

COUNTERPART enables manufacturing teams to access the information needed to do the job. By offering a bi-directional software solution integrated with SOLIDWORKS® to share real-time information with those who need it, engineers and purchasing have a non-stop and instantaneous job progress status report. These COUNTERPART elements allow ETO manufacturers to leverage the information to improve engineering efficiency.

WAM is one of several podcasts from Jacket Media Co that address the manufacturing industry in more depth and breadth than any mainstream media outlet.

Brunelle is the founder of Accelerated Manufacturing Brokers, Inc., specializing in the sale of lower middle market manufacturing companies nationally. Brunelle was recently named as a 2020 Most Influential Women in Mid-Market M&A by Mergers & Acquisitions publication. 

About Accelerated Manufacturing Brokers, Inc.: 

Accelerated Manufacturing Brokers, Inc., specializes in the sale of manufacturing companies nationwide, with generally $2 - $20 million in revenue, and a minimum of $500K in net income. The firm is exclusively dedicated to helping manufacturers sell their businesses and transition into retirement. The firm’s mission ensures the continuity of U.S. manufacturing by connecting a new generation of entrepreneurial owners. The upfront guidance is offered without a fee; the assessment and how to optimize the manufacturing enterprise for sale is a unique hallmark of the Accelerated Manufacturing Brokers’ value proposition. 

Passion about the manufacturing sector is personal; it represents the best and backbone of the U.S. economy. Clients are quintessentially great small American manufacturers. These savvy entrepreneurs are the nation’s renegades and rebels who have worked hard and built great companies. Like the clients served, the Accelerated Manufacturing Brokers’ team is highly entrepreneurial and manufactures their destiny while helping clients realize how to best position their company for prospective buyers. 

Brunelle recently shared a new two minute video: “Exiting My Manufacturing Business in the Second Half of 2020” which explains why this is the perfect time for buyers and sellers.

Follow on Twitter at @MfgBrokers

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Amoovars Design Studio Gets Positive Feedback with Brand New Smart Strip Lighting

September 30, 2020 - Amoovars Design Studio has today launched a customized piece of RGB lighting on Kickstarter called the IRIS Smart LightStrip. The device is a technology-driven LED Light strip that can create any type of atmosphere wherever it is installed, including homes and offices. With this product, the team at Amoovars Design Studio hopes to create a new niche in aesthetic lighting that can be fully customized to suit the ambiance of an event, mood, or room.

The IRS Smart LightStrip by Amoovars Design Studio was invented to satisfy the growing demand for tech-driven interior design. The new product aims to transform interior lighting into a customizable and flexible option that can instantly adapt to the atmosphere of a room. With a display containing more colors than the rainbow, the IRIS Smart LightStrip is up there with the most innovative products of the decade. The product allows users to enjoy up to 16 million colors and can be controlled using a smartphone, a simple touch, or Amazon Alexa.

What makes the IRIS Smart LightStrip so appealing is its complex technology housed by the simplest of designs. The Smart LED strips come with 3M adhesive and can be easily installed in any interior space and programmed to create lighting options for different atmospheres and moods suited to any occasion.

Amoovars Design Studio, creators of the Iris Smart LightStrip is one of the market leaders in aesthetic lighting and electronic devices. The company is backed by a talented team of researchers who specialize in inventing relevant products that enhance the living condition of customers. Apart from building their business to turn in profits, Amoovars Design Studio hopes to bring more cheers and happiness to the world with its range of products. The company invites the public to be a part of their movement by supporting its launch on Kickstarter. Supporters will receive many gifts in return, including attractive early bird discounts and deals.

For more information: https://www.moovars.com/

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New novel, "Eye of the Star" by R.H. Kohno is released, a psychic thriller of Cold War mind control and espionage as two heroes pursue a KGB spy

“Eye of the Star” by R.H. Kohno has been released worldwide. This 227-page thriller novel follows a detective and a small city psychic in pursuit of a notorious KGB terrorist at the height of the Cold War. The pair is forced to play their enemy’s mind games as they try to avoid falling into his sinister traps.

Eye of the Star (ISBN: 9781735271026) can be purchased through retailers worldwide, including barnesandnoble.com and Amazon. The paperback retails for $14.99. Wholesale orders are available through Ingram.

From the back cover:

A story of Cold War paranormal psychological warfare between the United States and the Soviet Union, Eye of the Star follows Detective Jim Sato, a dedicated cop, and Gilda Dobrowski, a small city psychic, in their attempt to find and destroy a super psychic KGB terrorist, Sergei Verenich, who has chosen Jim and Gilda to find him. He treats them as playthings in a cat-andmouse game, tantalizing them with clues which are calculated to confuse, entice and lead them on a chase ending up in a hotel room in Washington, D.C. where Jim and Gilda find out what he meant by the Final Solution.

About the author:

Born in 1932, R.H. Kohno grew up in the Los Angeles area until World War II broke out. He and his mother were evacuated to the inland concentration camps without his father who was arrested by the FBI on the night of the Pearl Harbor attack. He was a fisherman who had access to a boat, and he was suspected of potentially contacting enemy submarines.

After the war, he repatriated with his mother and father to war-torn, postwar Japan in 1946. His mother was an American, a Nisei, and she couldn’t speak or read the language and had a very difficult time. As a Sansei, third generation Japanese American, R.H. Kohno couldn’t speak or read the language, either. He entered Japanese school as a thirteen-year old fourth grader, survived a grueling schedule of studies and went on to go to St. Joseph College, a Marianist high school in Yokohama where he excelled in his studies. He was later recruited by a U.S. intelligence agency to be an interpreter/translator.

Returning to the United States in 1959 to get married and complete his education, he entered the University of Washington to major in English, the Advanced Writing Curriculum, and Far Eastern Studies, and was elected to Phi Beta Kappa. He was editor-in-chief of the campus literary magazine, Assay. He taught briefly at the University of Oregon.

He is the author of a number of works which include The Last Fox, A novel of the 100th/442nd RCT; The River of Time, A Collection of Short Stories, and Westward Lies The Sun written under his real name, Robert H. Kono. R.H. Kohno is a pen name which he has adopted to differentiate from his other works namely, Eye of the Star and The StarMind Alert, both psychic thrillers. He has two sons, David and Kevin, living in Utah and Oregon.

About MindStir Media:

MindStir Media LLC is an award-winning book publisher. To learn more about publishing a book with MindStir Media, visit http://mindstirmedia.com or call 800-767-0531.

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Big Hit prices IPO at top of range in blockbuster offering

Leading Korean Entertainment Company managing popular K-pop idol band, BTS, Big Hit Entertainment, prices its upcoming Initial Public Offering (IPO) at the top of its anticipated range amid swamping by investor demand

Big Hit Entertainment is the agency behind South Korean boyband BTS. The entertainment company recently priced its upcoming initial public offering (IPO) at the top of its anticipated range, with prospective investors flooding the offering.

Headed by Bang Si Hyuk the CEO, the company priced its upcoming initial public offering (IPO) at the highest band of its indicative range between 105,000 and 135,000 won ($115) a share. This is according to a regulatory filing of the company.

Big Hit remains one of the biggest entertainment companies in Asia, managing a plethora of popular K-pop names, with BTS being the most successful of the lot. The seven-member group has become a global music brand, making history by becoming the first band from South Korea to storm to the top of the US Billboard Hot 100 singles chart with their English-language hit "Dynamite".

In addition to the success recorded by BTS in the world of music, the initial public offering by Big Hit Entertainment will make the members of the band multimillionaires in their own right. Bang is a lyricist and composer who also doubles as the largest shareholder of Bit Hit Entertainment and recently gave 478,695 common shares to the seven band members, or 68,385 apiece, according to sources from Reuters.

The filing revealed that the stock was oversubscribed more than 1,000 times by institutional investors.

The announcement by Big Hit Entertainment also affected the shares of other entertainment companies, with their prices shooting higher after the announcement was made. One of the biggest beneficiaries of the announcement is YG Entertainment, closing about 12% higher on the day. JYP Entertainment, which is the management company for Stray Kids, BTS’ rival band, also rose by close to 10% on the day. The broader KOSPI 50 index ended 1.3% higher as the Big Hit effect hit the capital market.

Big Hit Entertainment has also announced plans to raise more than 962 billion Korean wonthrough the offering. In a similar vein, the company plans to join Seoul's KOSPI index next month, a move that should lead to capital gains for shareholders.

The IPO will be jointly managed by JPMorgan, Korea Investments & Securities, and NH Investment & Securities.

For more information about initial public offerings and other news updates, please visit - https://whiteoakcapital.asia.

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Kioxia ditches plans of $3.2 billion IPO amid tensions

Leading Japanese chipmaker, Kioxia, shelves $3.2 billion IPO plan as U.S.-China tensions continue to loom

Kioxia Holdings Corp currently ranks as the second-largest maker of flash memory chips in the world. According to sources, the company has shelved plans for its IPO that was to raise about $3.2 billion. The IPO would have been the largest initial public offering (IPO) in Japan this year, with the move to shelve the IPO attributed to the current US-China tensions.

Previously known as Toshiba Memory, Kioxia initially planned to list on the Tokyo Stock Exchange on October 6, 2020, a move that would offer up to 334.3 billion yen ($3.2 billion) in shares. The postponement news literally shook the capital market, with shares in top shareholder Toshiba Corp, which had planned to sell an 8% stake, falling as much as 8.6%before paring the losses to 3%.

The postponement of the IPO further highlights the impact of the disputes over trade and technology between Washington and Beijing on the global chip industry and its effect on companies across the supply chain.

The global memory chip market is already bracing for the effect of tighter U.S. restrictions on Huawei Technologies Co Ltd that became effective on September 15. The curbs include the ban ofglobal suppliers from selling chips made using U.S. technology to the Chinese telecoms giant without a special licence. Kioxia has issued a warning that the curbs could lead to memory chip oversupply and lower prices.

The company cited “market volatility and ongoing concerns about a second wave of the (COVID-19) pandemic” as reasons for putting off the IPO.

“While we received significant interest from many investors, the lead underwriters and Kioxia do not believe it is in the best interest of current or prospective shareholders to proceed with the IPO at this time,” Kioxia CEO Nobuo Hayasaka said in a statement. “We are not in a rush.”

Earlier in the month, Kioxiaannounced a tentative IPO price range that put the market value lower than the 2 trillion yen paid by a Bain Capital-led group for the company a couple years ago. The consortium’s stake was to drop from 56.2% to 47.8%.

According to Toshiba, the intention was to return most of the IPO proceeds to shareholders and the company expressed its disappointment at Kioxia’s decision. Bain Capital has, however, declined to comment on the recent developments.

For more information about initial public offerings across the globe and other news updates, please visit - https://whiteoakcapital.asia.

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Chinese Investors Target Ant IPO as they flood newly-launched funds

It looks like investors in China have a new goldmine as they continue to pour into newly-launched mutual funds as they target the upcoming initial public offering from Ant Group. This further underscores the strong demand for technology shares in a period when Chinese tech firms face increasing scrutiny by the United States.

The fintech arm of the Alibaba Group, Ant Group, has announced plans to raise up to $35 billion in a dual listing in Hong Kong and Shanghai's STAR Market. The listing is expected to take place in October and could easily become the world's largest IPO.

Two of the newly launched funds on Friday have also given Chinese retail investors access to strategic stakes in Ant's IPO, having already reached their fundraising target and putting a stop to the acceptance of new investments. The five funds targeta combined 60 billion Yuan, approximately $8.80 billion, with each fund set to raise up to 12 billion Yuan over a two-week subscription period.

Early interests have shown that the appetite for Chinese tech shares remains strong, even with the corrections in the stock market. The signs are also coming amidst the crackdown by the United States on Chinese tech firms on national security grounds.

According to the E Fund Management Co, its fund reached its target on the day of the launch. Penghua Fund Management Co on the other hand said that investor subscription exceeded its target on Saturday.

The other three funds that were launched on Friday, to be managed by China Asset Management Co (ChinaAMC), China Universal Asset Management, and ZhongOu Asset Management Co are expected to be sold out in the new week.

Retail investors could also buy into the five funds directly or through Ant's online payment platform Alipay. The funds will subsequently utilize about 10% of the money to purchase Ant shares. A recent advertisement on Alipay promoting the new funds attracted the attention of more than six million retail investors, according to data from Alipay.

But some were reluctant to become strategic investors in Ant due to the 18-month commitment entailed.

“It's ok to subscribe to new shares of Ant, but we dare not hold the stock for 18 months given the uncertainties brought by a second wave of coronavirus infections globally," said Zhang Chengyu, vice general manager of Beijing-based ShijiHongfan Asset Management Co.

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China’s construction binge good for the global economy

The COVID-19 pandemic forced China and other countries across the globe to bring industrial activities to a halt earlier in the year. However, the Asian giant looks ready to revive its engine, with global prices of metals reflecting a renewed growth appetite.

China consumes about 50% of the world’s industrial metals and the country’s government recently unleashed a robust fiscal stimulus program to build bridges, roads, utilities, broadband and railroads across the nation. This has led to a surge in the prices of iron ore, nickel, copper, zinc and other metals used for building infrastructure.

“China, as usual, went the investment route and is massively investing in metals-intensive infrastructure,” said Caroline Bain, a commodities market analyst with Capital Economics in London. “So there’s been a very strong pick up in China’s demand for metals,” she continued.

In a similar vein, China’s state railway operator announced plans in August to double the size of its high-speed rail network over the next 15 years. According to Standard & Poor’s analystsChina’s state-owned enterprises, including the likes of China National Offshore Oil Corporation and China Mobile increased their investment by 14% in July compared with the prior year.

The COVID-19-induced cut in demand from China has affected other countries of the world. A recent report revealed that Australia’s exports to China, which is mostly iron ore and coal, reduced by about 20%, with the country falling into its first recession in nearly 3 decades. The case was not particularly different for Brazil, Chile, and Peru.

The response of the Chinese government has been phenomenal, helping the country to post one of the fastest recoveries of any of the world’s largest economies in recent months.

According to economists at the Organization for Economic Cooperation and Development (OECD), China’s GDP is expected to grow by 1.8% in 2020. This makes it the only member of the Group of 20 nations not to suffer a recession in the year.

“The recovery in GDP is much faster and stronger than elsewhere,” said Bain of Capital Economics.

The numbers coming out of China is good news for the global economy.

“People’s perception of the economy is how weakened it is, yet all the industrial metals are telling you a very different story,” said Chris Verrone, an analyst and partner at Strategas Research in New York. “We think copper is the market trying to tell us that the economy is stronger than we expect.”

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SpaceX announces date for the next Starlink launch

A date has been confirmed for SpaceX’s next Starlink launch after a series of delay to its last attempt, placing the mission just two days before another crucial Falcon 9 launch and less than 48 hours after ULA’s third scheduled NROL-44 launch attempt.

According to launch photographer Ben Cooper and Spaceflight Now, SpaceX has rescheduled Starlink-12 to launch no earlier than (NET) 10:43 am EDT (UTC-4) on September 27th. The launch date was postponed due to the hurricanes until ocean conditions in the booster recovery zone improved. However, the September 30th launch target for SpaceX’s third US military GPS III mission (SV04) remains in place. As expected, Lockheed Martin, a popular satellite manufacturer, revealed that SpaceX and the US military have shifted the launch forward by 24 hours, with the GPS III SV04 now scheduled to lift off as early as 9:55 pm EDT (UTC-4) on September 29th.

SpaceX is scheduled to fly a new Falcon 9 booster on a GPS III mission, the third time this is happening in history. Sources have it that the Falcon 9 booster B1062 arrived in Cape Canaveral on September 11th. This marks the official end of a month or two of acceptance testing, which included a full static fire at SpaceX’s McGregor, Texas facilities.

Booster B1062 will be attempting to land after sending GPS III SV04 on its way to orbit. This follows in the footsteps of Falcon 9 B1060’s flawless June 30th GPS III SV03 launch. This will also be the second orbital-class booster to land after an operational US military launch, paving the way towards the military’s first operational launch on a flight-proven rocket.

SpaceX called off the launch and landing attempt as earlier scheduled due to the inability to best fast ocean currents in the remnants of Hurricane Sally, with forecasts predicting even worse conditions, especially as Hurricane Teddy was said to be only 36 hours away. The decision turned out to be a smart one, with NOAA’s Atlantic Ocean forecasting being fairly accurate. Everything looks set as calm seas and winds are expected to arrive on September 24th and last for several days.

Starlink-12 will be another milestone for SpaceX as the 12th operational v1.0 satellite launch and 13th mission overall. This potentially leaves the company just two missions away from the kicking off of the first public beta tests of Starlink internet. Two more Starlink missions are also purportedly scheduled to launch in October.

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London Suburbs predicted to lead the capital’s economic recovery

The UK economy suffered its biggest slump on record due to the COVID-19 pandemic. While central London's world-famous shopping district remains largely empty with normalcy not expected to return soon, green shoots of a recovery seem to be appearing on suburban high streets in other parts of the capital.

Reports have it that the number of unemployment benefits claimants in London more than doubled as of June compared to the beginning of 2020. The Centre for Economics and Business Research also recently stated that central London had missed out on £2.3bn of spending while people worked from home.

However, somewhere beneath this series of negative trends is evidence of a suburban recovery.

On the edge of London's border with Kent is a place called Bromley, which has come to life as many of itsover 320,000 residents have stayed closer to home.In the centre of the borough is a pedestrianised street hosting traditional market stalls and independent shops as well as large high street retailers.

Shops and restaurants gradually reopened from 1 June after an order in March to shutat the start of lockdown.While big retailers are looking to get back on track, suburban areas appear to be the major beneficiaries as people prefer to meet and shop closer to home.

A Centre for London report revealed that while card transactions in central London shops have dropped by as much as 60% since January, spending had shifted to smaller town centres.

The strongest performing high street was Southall in west London, popularly known as Little India, with a 50-year reputation as one of the premier Asian towns in the UK making the area a destination for shoppers that want traditional Indian food, jewellery and clothing.

“People who feel part of a community are more likely to want to preserve the area they live in, and so are more likely to invest,” said Dr. Maria Loroño-Leturiondo, an expert in high street spending.

DrLoroño-Leturiondo, who works on the government commissioned High Street taskforce, said suburban high streets "offer more than just retail".

"The shopping is more attuned to the local constituency needs but you can go there for leisure, enjoyment, employment.

"People are also valuing natural assets smaller towns provide, such as green spaces and beaches, more than before."

"The impact of the pandemic has been to accelerate some social and economic changes - such as remote working and online retail - that were already under way," said Mark Kleinman, Professor of Public Policy at Kings College London.

With new national restrictions put in the place due to the rising number of confirmed COVID-19 cases, the recovery pattern of the capital will be dependent on how it reacts to the next series of challenges.

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SpaceX set to roll out Starlink internet testing

SpaceX is known for juggling several projects at the same time. However, the Starlink program seems to be time and capital intensive. As the company plans for thousands of Starlink satellites in orbit at the same time, it is imperative to ensure a steady stream of launches to bolster the numbers. The company has been doing exactly that, recently sending another compliment of 60 Starlink satellites into Earth orbit to be used for providing high-speed data service for paying customers.

The launch took place from Kennedy Space Center in Florida, with the Falcon 9 booster that propelled the satellites into space making a safe landing on a SpaceX drone ship shortly after.

According to reports from Space.com, the recent launch has already been delayed twice due to poor weather and a decision by SpaceX to perform a data review ahead of the launch.

The company already flew more than 12 missions so far in 2020, many of them being Starlink satellite deployment missions. A Falcon 9 can carry up to 60 Starlink satellites at a time. However, the company is fond of using it for missions for other clients for the delivery of smaller numbers of its satellites into orbit. In most cases, SpaceX finds a way of filling the rest with its tiny Starlink machines if a client’s satellite does not need all the payload space.

SpaceX has come under strong criticisms in recent times for its Starlink program, especially the Starlink satellites. A number of astronomers have proven the difficulty in getting a clear image of the cosmos when there are dozens of satellites flying overhead. However, SpaceX is not even close to having its full horde of Starlink hardware in orbit.

Presently, SpaceX has about 700 Starlink satellites in orbit, a number that is enough to get early testing started, according to Elon Musk. However, this is not close to the company’s goal, with the US government already giving SpaceX the go ahead to send up to 12,000 of the tiny satellites into orbit.

SpaceX has come up with different initiatives to solve the astronomy problem. One of such ways includes painting the Starlink hardware matte black and installing visors that block the reflection from the Sun. However, the effectiveness of these measures in the long term is yet to be known.

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Heilmann’s New Book Home School Hell with Saint Corona Up to Bat is Exactly What Every Parent in this Country Needs Right Now

Heilmann's new book Home School Hell with Saint Corona Up to Bat is exactly what every parent in this country needs right now. With 70 days of remote school learning, this journey is shared through the eyes of a man who recently lost his 43-year-old wife, leaving him with four young children to raise. As if that were not enough, 4 children to homeschool.

CHICAGO - Chicago humorist and attorney Dave Heilmann’s new book Home School Hell with Saint Corona Up to Bat is exactly what every parent in this country needs right now: the time to laugh. 

It’s 70 days of remote school suffering, 30 more than Jesus spent in the desert.  But it’s also a poignant journey shared through the eyes of a man who recently lost his 43-year-old wife, leaving him with four young children to raise…and how they now face mandated home school (bliss?) in the time of Covid-19.   Amidst several humorous adventures, in between the laughs is a heartfelt letter to his wife Erica, telling her what’s happened here on Earth; how in 2020 when everything stopped, we were given a better chance to clearly see what matters most. Home School Hell is a must read for parents, but truly is an inspiring and heartening read for all. 

Dave speaks to the importance of seeing and using humor in the serious and anxious times in our lives. In a recent presentation on the Amazon Prime series SpeakUP called “Humor on Trial,” Dave notes that simultaneously as stress is at its highest ever in this country, there has been a convergence of medicine, business, education and science around the value of humor to our health, workplace culture, and ability to communicate effectively: that’s from experts at the Mayo Clinic, NASA, Oxford and Stanford Universities. 

Dave’s tremendous gift of humor shines throughout this new book. His ability to find humor even in challenging times largely contributes to carrying him and his children through their grief, which was greatly compounded greatly by the pandemic.  

In addition to his work as a labor and employment attorney, Dave is a founding member of the unique corporate organization The Headliners Consultants, who provide uniquely entertaining communications training through humor, music and education  He is also a former mayor of Oak Lawn, Illinois, has several years of theatre and professional improvisation experience, and is a former on-camera and voiceover actor.  

However, in the pages of Home School Hell, you’ll soon realize that Dave’s most treasured role in life is that of a father. The book will warm your heart and give you the courage to keep going, even in the face of your biggest challenges. Finding strength of character you may never have known you possessed until you’re in the thick of things is enhanced when we’re willing to see the humor, even in the hardest situations. Take it from Dave; he’s a shining example of doing exactly that.

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Automotive Adhesives Market worth $10.7 billion by 2024, at a CAGR of 5.7%

Browse 110 market data Tables and 43 Figures spread through 194 Pages and in-depth TOC on "Automotive Adhesives Market"

Automotive Adhesives Market by Resin (Polyurethane, Epoxy, Acrylic, Silicone, SMP, MMA), Application (Body in White, Paint Shop, Assembly, Powertrain), Vehicle Type (Passenger Car, LCV, Truck, Bus, Aftermarket), and Region

The automotive adhesives market size is projected to grow from USD 8.1 billion in 2019 to USD 10.7 billion by 2024, at a CAGR of 5.7%. Automotive adhesives are capable of producing load-bearing joints that can handle high stress, and provide excellent mechanical performance, enabling weight reduction at the same time. These also offer exceptional strength, durability, and resistance from impact, heat, fatigue, and solvents.

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Polyurethane resins are expected to lead the automotive adhesives market

Polyurethane adhesives have a high demand in the automotive adhesives market due to their excellent properties such as high elongation properties and stronger bonding. These are used in bonding windscreens, side and rear windows of passenger cars, trucks, and special vehicles. They are also used for bonding fiberglass reinforced plastic elements, such as roof, side, and front panels. These adhesives also have a competitive advantage over silicone products as they can be easily painted, and offer a fissure-free coated surface for an extended period.

Body in white is the largest application in the automotive adhesives market.

Objective to reduce vehicle weight is increasing the use of aluminum in the body in white stage. Due to the ability to join thinner and lighter - materials along with aluminum is boosting the use of adhesive at the body in white stage. Epoxy adhesives play a major role in joining dissimilar and default to bond substrates in the automotive body. With the increased usage of composites and plastics in the automotive body, the usage of adhesives has proportionally increased. These substrates cannot be welded or joined using nut bolts and rivets. Hence the demand for adhesives for the body in white is on the rise.

The APAC automotive adhesives market is expected to drive the global industry growth during the forecast period, 2019 to 2024, which can be attributed to the rising demand for the product from economies such as India, China, South Korea, Indonesia, and Thailand among others. Moreover, factors such as the improving standards of living and rising per capita incomes in these countries are also fueling the growth of the Asia Pacific; thus, automotives thus for automotive adhesives.

The key companies profiled in this report are the Henkel (Germany), Arkema (Bostik) (France), 3M (US), Dupont (US), H.B. Fuller (US), Sika (Switzerland), and Huntsman (US).

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Global Industrial 3D Printing Market Outlook 2020-2026 with Profiles of Key Players 3D Systems, ARC Group Worldwide, Arcam AB, Concept Laser, Cookson Precious Metals, and many more

The "GLOBAL INDUSTRIAL 3D PRINTING MARKET SIZE, SHARE, STATUS, OPPORTUNITY, AND FORECAST 2020-2026" report has been added to ReportOcean.com offering.

Global industrial 3D printing market deals with the additive process of creating 3D solid objects from a digital file. Industrial 3D printing allows to produce complex (functional) shapes by using less amount of material as compared to traditional manufacturing methods, such as injection moulding, plastic forming, CNC (Computer Numerical Control) machining, plastic joining, etc. The global industrial 3D printing market is expected to rise with a CAGR of 22% during forecast period 2020-2026.

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Industrial 3D printing offers several advantages over traditional manufacturing methods providing several opportunities for manufacturing industries, such as mass customization, manufacturing of outsourced spare parts, less time consumption, cost-effective low volume production process and increase in design freedom. Emerging applications of 3D printing in the manufacturing sector is expected to provide lucrative market opportunities for global industrial 3D printing market. 3D printing is being widely used as an advancement manufacturing, facilitating transition from centralized to distributed production and from mass production to full customization. Also, raw materials such as titanium, steel and aluminium are used for material development while earlier, only polymers were used as raw materials. In the manufacturing sector, 3D printing is widely used for rapid prototyping for the development of low-cost functional prototyping, spare parts testing and for making iterative designs. Hence, emerging applications of 3D printing in the manufacturing sector is expected to positively influence the growth of the global industrial 3D printing market during forecast period 2021-2026.

Government Investments in 3D Printing Projects- Growth Promoter

The key factor driving the growth of the global industrial 3D printing market is increasing government investments and initiatives to promote 3D printing. For instance, in 2017, South Korean Government had announced to invest $37 million for 3D printing development. This fund was provided by South Korea’s Ministry of Science, ICT and Future Planning (MSIP) in order to support the growth of additive manufacturing industry and assist the healthcare and military sectors in South Korea. In April 2017, the Industrial Development Corporation of South Korea had provided funding of $1.2 million to a start-up named Metal Heart to develop metal 3D printers for production. This investment was done to leverage competitive advantage in 3D printing, and to create employment opportunities in major industrial sectors including gas and energy, medical devices, fuel cells, and nanotechnology. In April 2018, Australian Federal Government had provided grant of $10 million for 3D printing BioPen project. The grant is a part of the $35 million BioMedTech Horizons program of Australian government, which aims to help Australian ideas and discoveries towards proof-of-concept and commercialization, as well as stimulation of collaboration between the technology, research and industry sectors. Hence, the government investments in 3D printing projects is expected to fuel the growth of the global industrial 3D printing market during the forecast period.

Asia Pacific- Lucrative market region

Asia Pacific is expected to emerge as the fastest growing region in the global industrial 3D printing market in terms of market revenue share over forecast period 2021-2026. Government initiatives in Asia Pacific countries such as India, China, Japan, and others to support 3D printing technology is driving the regional market growth. Factors such as technological advancements in 3D printing technology, growing industrialization and urbanization are expected to fuel the Asia Pacific industrial 3D printing market.

3D Systems, ARC Group Worldwide, Arcam AB, Concept Laser, Cookson Precious Metals, EnvisionTEC Inc., EOS GmbH, Groupe Gorge, Hoganas AB, Koninklijke DSM, Markforged, Materialise, Optomec Inc., Renishaw plc, Scuplteo, SLM Solutions Group, Stratasys Ltd., The ExOne Company and Voxeljet AG among others are some major key players profiled in the research study of the global industrial 3D printing market.

Segmentation Overview of the Global Industrial 3D Printing Market

By Type

• Printers
• Materials (Plastics, Metals, Ceramics, and Other Materials)
• Software (Printing, Design, Inspection, and Scanning)
• Services

By Application

• Automotive
• Aerospace & Defence
• Healthcare
• Printed Electronics
• Foundry & Forging
• Food & Culinary
• Jewellery
• Other Industries

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Global Switchgear Market: Expected to Post a CAGR of 7% over 2020-2027

The "SWITCHGEAR MARKET BY INSULATION (GAS, OIL, AIR, VACUUM); BY VOLTAGE (LOW, MEDIUM, HIGH); BY INSTALLATION (OUTDOOR, INDOOR); BY END-USER (COMMERCIAL & RESIDENTIAL, INDUSTRIAL, T&D UTILITY); BY REGION (NORTH AMERICA, EUROPE, ASIA-PACIFIC, SOUTH AMERICA, AND MIDDLE EAST & AFRICA) AND FORECAST, 2020-2027" report has been added to ReportOcean.com offering.

The global switchgear market is estimated to grow at a CAGR of 7% during the forecast period 2020-2027. The switchgear industry growth is driven by various growth factors such as increasing demand for electricity in rural areas of developing nations coupled with growth in investment in electricity infrastructure. Moreover, initiatives taken by government to upgrade ageing substations in Europe and North America further drives the demand of switchgear worldwide.

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Increasing investments towards development of renewable energy along with favourable government regulations and financial support in the form of subsidies and rebates support the technological advancements in electrical equipment. Increasing focus of government to eliminate overall carbon footprint along with rising awareness related to benefits of using renewable energy for electricity generation will boost the application of switching equipment. Expansion of new infrastructure to support power generation through renewable sources will propel the adoption rate of switching components across the globe. However, price volatility in raw materials such as steel, aluminium and copper may hamper the adoption rate of switchgear components.

India and China accounted for majority of the market share in the APAC switchgear market and acquire ~48% of the share in the global marketplace. The APAC switchgear market growth is also supported by rapid industrialization in Vietnam and Indonesia along with infrastructural development in India and China. While, Europe switchgear market is expected to grow at significant growth, owing to rising focus of regional authorities towards renewable energy to curb carbon emissions.

Medium and low voltage switchgears are being predominantly driven by demand for enhanced protection in power distribution equipment coupled with rapid urbanization and infrastructural development worldwide. Furthermore, the voltage segment includes high voltage category for the overall market study considering voltage segment.

Air-insulated switchgear (AIS) are majorly used in industrial & utility applications, while oil insulated equipment operates uses oil as a key insulating medium which can cause various health issues and combustibility nature of oil insulated switchgear confine its applications hence, allow a small chunk in pie of vacuum segment share. While, the vacuum segment is expected to dominate the market during the forecast period; along with gas insulated switchgear holds a significant share in the insulation segment.

The installation segment of the market is majorly depending upon impact of weather and ventilation conditions along with functional traits. The outdoor installation category is estimated to dominate the global switchgear market, due to its ability to sustain in harsh climatic conditions coupled with economical operations and reliable delivery. While, the indoor installation category is anticipated to grow substantially owing to its safe & secure working, easy maintenance, high durability, compact design and other operational advantages.

The end user segment is divided into Transmission and Distribution Utility, industrial and commercial & residential.

ABB, CG Power and Industrial Solutions Limited, E+I Engineering, Fuji Electric Co., Ltd., Hitachi, Hyosung Corporation, Hyundai Electric & Energy Systems Co., Ltd., Hubbell Incorporated, Kirloskar Electric Co. Ltd., L&T Electrical & Automation, Lucy Electric, Mitsubishi Electric, Powell, Siemens Energy, Schneider Electric and Toshiba International Corporation are some key companies profiled in the research study of the global switchgear market. The competitive landscape of the switchgear industry shows that domestic companies acquire key market share in the emerging economies such as China and India and are stiff competitors for foreign market players in terms of price and quality of switchgears.

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