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Non-Small Cell Lung Cancer Treatment Market Is Projected to Grow at a Substantial Rate by 2027

Global non-small cell lung cancer treatment market is anticipated to experience a rapid growth during the forecast period primarily owing to the rising awareness amongst people regarding the disease. By treatment type, the surgery segment is expected to witness a dominant growth in the global industry by 2026. The North America region is projected to dominate the global market in the estimated period.

According to a latest report published by Research Dive, the global non-small cell lung cancer treatment market is anticipated to grow at a CAGR of 13.2% and reach up to $48,028.1 million in the forecast period from 2019 to 2026.

The North America region is projected to dominate the global industry throughout the forecast period. The dominance of the region is majorly attributed to the existence of key players and developed healthcare infrastructure in the region.

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• Market Dynamics

The growing awareness among people regarding the disease and the stringent regulations by government bodies across the globe to control the causes of cancer occurrences, such as smoking control regulations & others, are the significant factors predicted to foster the growth of the global non-small cell lung cancer treatment market over the forecast period. In addition, the rapid authorizations of a variety of drugs such as Fluorouracil, Carboplatin, and others for the treatment of non-small cell lung cancer is estimated to foster the market growth by 2026. Furthermore, the increase in number of R&D activities and drug approvals for the treatment of lung cancer are expected to create massive opportunities for the growth of the global market in the upcoming years. However, the limited options for treatment of non-small cell lung cancer is likely to hinder the market growth in the projected timeframe.

• Key Segment Takeaways of the Global Industry:

The report segments the global non-small cell lung cancer treatment market into Treatment Type, Drug, and Region.

– Based on treatment type, the global market is segmented into radiation therapy, chemotherapy, and surgery. Of these, the surgery segment is predicted to subjugate the global industry by 2026 mainly because surgery is primarily chosen for the treatment of patients in the first two phases of non-small cell lung cancer.

– Based on drug, the global industry is categorized into fluorouracil, carboplatin, cyclophosphamide, doxorubicin, and cisplatin.

– Based on region, the global market for non-small cell lung cancer treatment is divided into Asia Pacific, LAMEA, Europe, and North America. Of these, the Asia Pacific market is expected to grow at a significant rate during the forecast period owing to the highly unmet medical needs and growing prevalence of numerous cancers in the region.

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• Key Players of the Market

The major players of the global non-small cell lung cancer treatment industry include Astra Zeneca PLC, GlaxoSmithKline PLC, Genentech Inc., Bristol-Myers Squibb, Pfizer Inc., Boehringer Ingelheim, Celgene Corp., Sun Pharmaceutical Industries Ltd., and Eli Lilly & Co. Further, the report outlines several aspects of all these industry players such as SWOT analysis, recent strategic moves & developments, financial performance, and product portfolio.

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Monogenetic Disease therapy Market 2020 to Witness Excellent Long-Term Growth Outlook

Global monogenetic disease therapy market is projected to observe a strong growth during the forecast period primarily owing to the increase in prevalence of monogenetic disease across the globe. By therapy type, the gene therapy segment is expected to witness rapid growth in the global industry by 2026. The North America region is anticipated to dominate the market during the estimated period.

As per a Research Dive latest report, the global monogenetic disease therapy market is estimated to witness a significant growth during the forecast period from 2019 to 2026.

The North America monogenetic disease therapy market is projected to have dominant position throughout the forecast period mainly due to the presence of large number of players and increasing clinical trials in the region.

• Market Dynamics

The growing incidence of monogenetic diseases all around the world is the significant factor projected to bolster the growth of the global monogenetic disease therapy market over the forecast period. In addition, the growing increasing awareness among people regarding genetic disease and the increasing investments by key market players globally such as Sanofi, Bayer AG, and Pfizer Inc. in developing advanced therapies, innovative bio-instruments, and vaccines to treat the people with monogenetic diseases are others factors anticipated to propel the market growth by 2026. Moreover, the rise in number of R&D activities and clinical trials along with its therapeutic treatments are likely to provide lucrative opportunities for the global market growth in the near future. Conversely, the less success rates of treatments and the high costs related with the monogenetic disease therapy are predicted to hamper the market growth in the projected period.

• Key Segment Takeaways of the Market:

The report segments the global the monogenetic disease therapy market into Inheritance Pattern, Therapy Type, Application, and Region.

– By inheritance pattern, the global market is bifurcated into autosomal and chromosomal. Of these, the chromosomal segment is predicted to be most lucrative over the forecast period majorly due to the increasing incidence of hemophilia, hunter disease, and others.

– By therapy type, the overall market is categorized into ERBT, surgical, blood transfusion, gene therapies, and pharmacological. Among these, the gene therapy segment is expected to observe a rapid growth by the end of 2026 owing to its effectiveness in for the treatment of people affected with monogenetic diseases.

– By application the global market is segmented into SCID, phenylketonuria, sickle cell anemia, and cystic fibrosis. Of these, the cystic fibrosis segment is projected to account for majority of share in the market by 2026 mainly due rising research & development activities for cystic fibrosis treatment.

– By region, the overall industry is divided into Asia Pacific, North America, LAMEA, and Europe. The Asia Pacific and Europe regions are expected to grow at a considerable rate in the forecast period owing to the increasing healthcare expenditure and growing prevalence of monogenetic diseases.

• Major Market Players

The prominent players of the global monogenetic disease therapy market include UniQure, Bayer AG, Bristol-Myers Squibb, Abbott Laboratories, BAG Healthcare Gmbh, Novartis, Pfizer Inc., Vertex Pharmaceuticals, F. Hoffmann-La Roche Limited, Grifols S.A, Bluebird Bio, and Sanofi S.A. Further, the report outlines several aspects of all these industry players such as SWOT analysis, recent strategic moves & developments, financial performance, and product portfolio.

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Laparoscopic Tumor Ablation Market Is Expected To Grow with a Healthy CAGR During 2020-2027

Global laparoscopic tumor ablation market is expected to witness a positive growth during the forecast period. Microwave ablation technology will be the most profitable. Liver application will become the most lucrative. Asia-Pacific will dominate the market. Leading players of the market are focusing on developing new strategies such as merger and acquisition, product launches, partnership, and collaboration to sustain the growth of the industry.

According to a latest report published by Research Dive, the global laparoscopic tumor ablation market is expected to garner a revenue of $2490 million at a CAGR of 11.10% during the forecast period.

The comprehensive report delivers a brief overview of the current scenario of the market including significant aspects of the market from growth factors, challenges, other market dynamics, restraints and various opportunities during the forecast period. The report also provides all the market figures making it easier and helpful for the new participants to understand the market.

Rising number of cancer patients across the globe, expansion of ablation centers, hospitals and clinics are the major attributors of the market growth. Another driving factor of this growth is the increasing investments in healthcare industry for the adoption of advanced treatment and diagnosis methods in hospitals and clinics.

Technological innovations and increase in the minimally invasive procedures in healthcare sector are anticipated to create significant investment opportunities for the growth of laparoscopic tumor ablation market.

The report has divided the market based on technology type, application, and regional analysis.

• Microwave ablation technology will be the most lucrative

Radiofrequency (RF) ablation accounted for a significant market share in 2018 and is further anticipated to continue its growth during the projected time. The main reason behind this growth is the extensive application of RF ablation in the hospitals and ablation centers. RF ablation has various advantages which include less risk to the patient, efficiency, minimally invasive procedure with no skin incision and others.

• Liver application will register the highest market size

Liver application generated the highest revenue in 2018 and is further predicted to maintain the growth during the forecast period. The extensive usage of laparoscopic ablation systems for the treatment of the liver cancer is another reason behind the growth of the industry.

• Asia-Pacific will lead the industry

Asia-Pacific is anticipated to generate a significant revenue in the market during the forecast period. This growth owes mainly to the growing cancer cases and rise in the geriatric population in the Asia-Pacific region.

• Key players of the market

The report has included the leading market players of the global laparoscopic tumor ablation market. They include Medtronic, Boston Scientific Corporation, BTG International Ltd, EDAP TMS, Misonix, AngioDynamics, Sonacare Medical, HealthTronics, Inc., NeuWave Medical, Inc., and Mermaid Medical, Inc., among many others. The report also recapitulates many important aspects including financial performance of the key players, SWOT analysis, product portfolio, and latest strategic developments.

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Cruise Tourism Market Anticipated for Progressive CAGR Growth During 2020-2027

Global cruise tourism market is predicted to earn a huge revenue during the forecast period. Ocean cruise ship segment will become the most lucrative. Small size cruises will be the most profitable. North America will generate the highest revenue. Leading players of the market are focusing on developing new strategies such as merger and acquisition, product launches, partnership, and collaboration to sustain the growth of the industry.

According to a recent report published by Research Dive, the global cruise tourism market is expected to garner a significant revenue during the forecast period. The comprehensive report delivers a brief overview of the current scenario of the market including significant aspects of the market from growth factors, challenges, other market dynamics, restraints and various opportunities during the forecast period. The report also provides all the market figures making it easier and helpful for the new participants to understand the market.

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The increasing disposal income in the urban population and the interest in luxury travel are the major factors driving the growth of the market. The new and advanced tech-equipped cruises offer relaxation and pleasant travel which have increased the popularity of cruise travel.

The major restraint behind the growth of the cruise tourism market is the large amount of waste generated by the cruise ship which affects the marine environment.

• Ocean cruise segment will become the most lucrative

Ocean cruise ship segment is expected to generate the highest profit in the upcoming years. The large ships have the capacity of carrying a maximum of 4000 people. The facilities offered by the cruise give its passengers an exotic experience. Ocean cruise also provides the passengers with ultra-luxury cruise lines with multiple travel destinations and secure ship environment. These factors are fueling the growth of the segment.

• Small size cruises will have the highest market share

Small size cruises segment will generate the highest revenue during the forecast period. The main reason behind this growth is that the small size cruises offer the travelers with comfortable beds, lounges, television and many more amenities at an affordable price.

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• North America will continue to dominate the market

The high amount of disposal income is expected to be the growth driver of North American cruise industry. In addition, the presence of global players in the North America region such as Royal Caribbean Cruises Limited, Carnival Corporation will be another reason influencing the growth of the regional market.

• Key Players and Business Strategies

According to the report, the leading players of the global cruise tourism market include Royal Caribbean Cruises Limited, Silversea Cruises, Norwegian Cruise Line Holdings Limited, Oceania Cruises, MSC Cruises, Ponant, Star Cruises, Seabourn Cruise Line, Carnival Corporation & Plc., and Chandris Group among others. The report also recapitulates many important aspects including financial performance of the key players, SWOT analysis, product portfolio, and latest strategic developments.

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Carbon Monoxide Detector Market Expected to Witness Rapid Expansion by the End of 2027

Global carbon monoxide detector market is going to experience a positive growth during the forecast period. Biomimetic segment will earn the highest profit. Digital functionality will become the most lucrative. Gas water heater will be the most beneficial. Automotive segment will garner the highest revenue. North America will dominate the market. Leading players of the market are focusing on developing new strategies such as merger and acquisition, product launches, partnership, and collaboration to sustain the growth of the industry.

According to a recent report published by Research Dive, the global carbon monoxide detector market is anticipated to grow at a CAGR of 5.80% during the projected period.

The comprehensive report delivers a brief overview of the current scenario of the market including significant aspects of the market from growth factors, challenges, other market dynamics, restraints and various opportunities during the forecast period. The report also provides all the market figures making it easier and helpful for the new participants to understand the market.

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Carbon monoxide gas has some harmful and damaging effect on human health particularly blood circulation system and the brain. According to the Centers for Diseases Control and prevention (CDC), carbon monoxide is the second most common reason behind the lung cancer fatalities. In order to curb the carbon monoxide gas level in the air, governments are taking various measures. This is going to work as the main attributor of growth of the carbon monoxide detector market during the forecast period.

Higher cost and maintenance of carbon monoxide detectors are going to restrain the market growth in the upcoming years.

The report has segmented the market based on type, functionality, application, end-use, and regional outlook.

• Biomimetic detectors will generate the highest revenue

Biometric detectors are expected to generate the highest revenue during the forecast period. These detectors are mostly used in larger facilities like hotels, apartments and hospitals which have other features like air fresheners and cleaning of other disinfectants.

• Digital functionality segment will become the most lucrative

The digital functionality can display both the current reading and the highest reading ever done by the memory over a period of time to keep a track on the amount of the carbon monoxide gas present in the respective area. This factor will enhance the growth of the segment during the forecast period.

• Gas water heaters will be the most profitable

The increased usage of gas heaters for residential and commercial purposes will boost the growth of this segment in the coming years.

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• Automotive segment will earn a significant share

Carbon monoxide gas is released when fuel is not burnt completely. The typical internal combustion engines in trucks and cars produce a high concentration of carbon monoxide. With the changes done in the fuel, design and emission, controlled devices have drastically reduced the emission of carbon monoxide. With the use of the detectors one can keep a track of the carbon monoxide percentage in the area.

• North America will continue its dominance

Carbon monoxide has increased the risk of health in North American states in recent years. The cold climate and fuel burning processes have increased the level of carbon monoxide. This is a major factor contributing to the growth of the industry in the forecast period.

• Key players of the Market

According to the report, the leading players of the global carbon monoxide detector include United Technologies Corporation, Nest Labs, Siemens AG, BRK Brands Inc., Leeo, Yondwin, ABB Ltd., Robert Bosch GmbH, Trolex Ltd, Aeroqual Ltd., and many others. The report also recapitulates many important aspects including financial performance of the key players, SWOT analysis, product portfolio, and latest strategic developments.

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Pharmaceutical Excipients Market Is Projected to Grow at a Substantial Rate by 2027 – Report by ResearchDive

Global pharmaceutical excipients market is projected to experience a robust growth during the forecast period mainly owing to the various advantages of pharmaceutical excipients and its promotion by several pharmaceutical administrative across the globe. By application, the oral formulations segment is expected to hold majority of share in the global industry by 2027. The Asia Pacific region is anticipated to create lucrative growth opportunities for the global market during the projected timeframe.

According to a latest report published by Research Dive, the global pharmaceutical excipients market is anticipated to surpass $10,600.0 million and rise at a CAGR of 5.8% over the forecast period from 2020 to 2027. The Asia Pacific pharmaceutical excipients market is projected to grow at a healthy rate during the forecast period mainly owing to the innovation & advancements in social insurance and the high pace of interest in the clinical field.

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• Key Segment Findings of the Global Market:

The report segments the global pharmaceutical excipients market by Types, Functions, Application, and Region.

– By product, the global market is classified into organic chemicals and inorganic chemicals. Among these, the organic chemicals segment is expected to grow at a significant rate over the forecast period owing to the ongoing interest for herbal or excipients in the market.

– By functions, the global industry is categorized into binders, fillers & diluents, coatings, colorants, disintegrates, flavoring agents, and others. Of these, the fillers & diluents segment are predicted to witness considerable growth by 2027 mainly due to its enormously increasing demand & production for solid oral drugs in the industry.

– By application, the global market is segmented into parenteral formulations, topical formulations, oral formulations, and others. Among these, the oral formulations segment is predicted to hold the largest share in the market mainly because it’s the most extensively recognized medication conveyance course.

– By region, the global industry is divided into Asia Pacific, North America, LAMEA, and Europe. Europe pharmaceutical excipients market is projected to have a dominant position during the forecast period.

• Market Dynamics

Pharmaceutical excipients provides various advantages to the pharmaceutical business, such as preservation of medicines for extended period and affixing the assembling procedure. In addition, a non-benefit pharmaceutical administrative, Federation of International Pharmaceutical Excipients Council (IPEC) promotes the usage of pharmaceutical excipients. These are the significant factors predicted to impel the growth of the global pharmaceutical excipients market over the forecast period.

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Moreover, the increasing development and rapidly growing pharmaceutical industry across the globe is estimated to provide lucrative growth opportunities for the global market in the coming future. Conversely, the stringent government regulations for drug approvals and higher production cost associated with pharmaceutical excipients are anticipated to hinder the market growth in the projected timeframe.

• Major Market Players

The prominent players of the global pharmaceutical excipients industry include BASF SE, Ashland Global Holdings, Inc., Evonik Industries AG, Archer Daniels Midland Company, Associated British Foods plc, Lubrizol Corporation, Capitasol, Daicel, Croda International, and Dupont Pharma Solutions. The report outlines & includes several aspects of all these industry players such as SWOT analysis, recent strategic moves & developments, financial performance, and product portfolio.

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HLA Typing for Transplant Market 2020 to Witness Excellent Long-Term Growth Outlook – Report by ResearchDive

Global HLA typing for transplant market is projected to observe a strong growth over the forecast period primarily owing to the growing number of R&D activities in pharmaceutical & biotechnology industry. By technology, the molecular assay segment is expected to account for largest share in the global industry by 2027. The North America region is anticipated to dominate the global market and create lucrative opportunities for the market in the estimated period.

According to a latest research report published by Research Dive, the global HLA typing for transplant market is anticipated to $1,070.5 million and rise at a CAGR of 6.6% over the forecast period from 2020 to 2027.

The North America HLA typing for transplant cast polymer market is projected to dominate the global industry in the forecast period mainly due to the rise in number of organ transplant procedures and increasing life expectancy rates in the region.

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• Market Dynamics

The increase in number of R&D activities in the pharma & biotech industry is the significant factor projected to propel the growth of the global HLA typing for transplant market over the forecast period. Moreover, the advancements in technology and continuous development in healthcare facilities are likely to create lucrative opportunities for the HLA typing for transplant market growth by 2027. However, stringent government regulations related to organ donations & transplantation are expected to hamper the market growth in the near future.

• Key Segment Takeaways of the Industry:

The report segments the global HLA typing for transplant market into Technology, Product & Service, Application, End-Users, and Region.

– On the basis of technology, the global market is categorized into molecular assay, non-molecular assay, sanger’s sequencing, and next-generation sequencing. Of these, the molecular assay segment is estimated to hold the largest share in the market over the forecast period majorly due to its various benefits such as small processing time, multi-sample test, high procedural efficiency, and real-time data interpretation.

– Based on product & service, the global industry is classified into software & services, reagents & consumables, & instruments. Of these, the instrument segment is expected to account for considerable share in the market owing to the growing usage of developed instruments that assists in providing better & accurate results.

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– On the basis of application, the overall market is bifurcated into research and diagnostics. Of these, the diagnostic application segment is predicted to witness a significant growth by 2027 as it is the most commonly used technique and rising number of organ donations & transplants.

– Based on end-users, the overall industry is categorized into commercial service providers, academic & research institutes, and hospitals. Of these, the hospital segment is likely to dominate global market throughout the forecast period owing to the availability of skilled personnel and advanced medical equipment.

– By region, the global industry is divided into Asia Pacific, North America, LAMEA, and Europe. Of these, the Asia-Pacific market is projected to grow at the fastest rate in the forecast period owing to the growing adoption of medical devices and advanced technology.

• Key Market Players

The major players functioning in the global HLA typing for transplant market include Qiagen, Thermo Fisher Scientific, Illumina Inc., Immucor Inc, CareDx Inc., Bio-Rad Laboratories Inc., Hologic Inc., F. Hoffmann-La Roche AG, Biofortuna, and Luminex Co. Further, the report outlines several aspects of all these industry players such as SWOT analysis, recent strategic moves & developments, financial performance, and product portfolio.

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Low Frequency Vector Network Analyzer Market Is Expected To Grow with a Healthy CAGR During 2020-2027

Global low frequency vector network analyzer market is projected to observe a strong growth during the forecast period primarily owing to the huge growth in construction activities across the globe. By type, the engineered stones segment is expected to witness the fastest growth in the global industry by 2026. The Asia Pacific region is anticipated to dominate the market and create massive growth opportunities during the estimated period.

As per a Research Dive latest published report, the global low frequency vector network analyzer market is projected to witness a considerable growth during the forecast period from 2020 to 2027.

The North America market for low frequency vector network analyzer in the estimated timeframe mainly due to the growing adoption of low frequency vector network analyzers in electronics industry for device testing.

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• Key Segment Takeaways of the Industry:

The report segments the global low frequency vector network analyzer market into Type, Application, and Region.

– By type, the global market is categorized into 8-20 GHz, 1.5-8 GHz, and 0-1.5 GHz. Among these, all types are expected to subjugate the global industry during the forecast period majorly because all these network analyzers that have the capability to record low frequency network are rare.

– By application, the global industry is classified into industrial automotive, aerospace & defense, communications, electronic manufacturing, and others. Of these, the electronic manufacturing segment is estimated to grow at the fastest rate by 2027 owing to the progression in innovation and extension in the electronic part.

– By region, the global market is divided into Asia Pacific, North America, LAMEA, and Europe. Of these, the Asia-Pacific region is predicted to grow at a significant rate over the forecast period mainly due to increasing advancements in electronic devices market.

• Market Dynamics

The increasing utilization of electronic gadgets in laboratories is the major factor estimated to propel the growth of the global low frequency vector network analyzer market in the forecast period from 2020 to 2027. Moreover, the recent innovations in power electronics is expected to create massive opportunities for the global market by the end of 2027. In addition, the recent advancements in power hardware, for instance, as a sustainable power source, savvy frameworks, electric vehicles, and AC/DC networks are other factors predicted to foster the market growth in the estimated timeframe. However, the availability of substitutes of low-end products are projected to hamper the market growth in the near future.

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• Key Players of the Market

Some of the significant low frequency vector network analyzer market players include Кеуѕіght Technologies, Rоhdе & Ѕсhwаrz, Аnrіtѕu, Аdvаntеѕt, Тhе 41ѕt Institute of
СЕТС, Тrаnѕсоm Instruments, Сорреr Mountain Technologies, National Instrument, GЅ Instrument, ОМІСRОN Lab, and others. These players are adopting several strategies such as mergers, acquisitions, technological advancements, and product developments to obtain a strong position in the global market. Further, the report outlines several aspects of all these industry players such as SWOT analysis, recent strategic moves & developments, financial performance, and product portfolio.

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Natural Gas Liquid Market Anticipated for Progressive CAGR Growth During 2020-2027

Global natural gas liquid market is projected to observe a tremendous growth in the forecast period primarily owing to the continual technological advancements coupled with increasing production of natural gas liquid. By product, the ethane segment is expected to witness the largest growth in the global industry by 2025. The North America region is anticipated to subjugate the market during the estimated timeframe.

According to a latest report published by Research Dive, the global natural gas liquid market is estimated to surpass $14,330.0 million and grow at a CAGR of 6.9% in the forecast period from 2019 to 2025.

The North America market is projected to dominate the global industry during the forecast period primarily due to the rapidly growing natural gas industry, increase in reliance on foreign countries, and cost-effectiveness of natural gas liquids.

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• Market Dynamics

The continuous progress in technologies such as hydraulic fracturing and horizontal drilling, which involve the use of high-pressure liquids or water to extract gas has resulted in the increase in production of natural gas liquid. This is the major factor expected to fuel the growth of the global natural gas liquid market during the forecast period. Moreover, the increasing investment in renewable energy sources and fluctuating regulatory policies for energy transformation are likely to create lucrative growth opportunities for the global market by 2025. However, the decline in prices of crude oil is expected to negatively impact the overall natural gas liquid market growth in the upcoming years.

• Key Segment Finding of the Market:

The report segments the global natural gas liquid market into product, applications, and end-users.

– On the basis of product, the global market is segmented into propane, ethane, pentane plus, and butane. Of these, the ethane natural gas segment is projected to hold the largest share in the market by 2025 owing to the increasing usage of ethylene by the petrochemical industry.

– Based on applications, the overall market is categorized into blend stock, space heating, and petrochemical feedstock. Of these, the petrochemical feedstock segment is predicted to witness a significant growth in the forecast period majorly due to the rising investment towards industrial sector development.

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– On the basis of end-users, the global industry is segmented into industries, petrochemical plants refineries, and residential sector. Of these, the petrochemical plants refineries segment is estimated to account for majority of share in the market by 2025 owing to the increasing demand for butane, propane, and ethane applications across petrochemical industries.

– Geographically, the global natural gas liquid market is divided into Asia Pacific, North America, LAMEA, and Europe. The Asia Pacific region is expected to witness a healthy growth during the forecast period.

• Prominent Players of the Industry

The key players functioning in the global natural gas liquid industry include Chesapeake Energy Corp., Exxon Mobil Corp., BP plc, Royal Dutch Shell PLC, SM Energy Co., Swift Energy Co., ConocoPhillips, Range Resources Corp., Linn Energy Inc., and Statoil ASA. The report summarizes and includes several aspects of all these industry players such as SWOT analysis, recent strategic moves & developments, financial performance, and product portfolio.

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Mr. Abhishek Paliwal
Research Dive
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Categories
News

Surge Protector Market Expected to Witness Rapid Expansion by the End of 2027

Global surge protector market is going to experience massive growth during the forecast period. Need of surge protectors to ensure safety from the lightning strikes is enhancing the growth of the market. Plug-in devices segment will be the most profitable. Residential segment will become the most beneficial. North America will lead. Leading players are focusing on new strategies such as merger and acquisition, product launches, partnership and collaboration to sustain the growth of the market.

Research Dive has recently published a report titled “Surge Protector Market, by Product (Power Control Center, Plug-in Devices, Line Cord Devices, and Hardwired Devices), Application (Industrial, Commercial, Residential), Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2019–2026”

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According to the report, the global surge protector market is expected to generate a revenue of $1880million at a CAGR of 5.70% during the forecast period.

• Regional Analysis

North America was accounted for the highest revenue share in 2018 and is further anticipated to continue its growth during the forecast period. The main attributor for this growth is the huge demand of surge protectors by the consumer electronic appliances in residential and industrial areas. In addition, Louisiana, Florida, Oklahoma, and Alabama are the states that record maximum lightning strikes in the U.S. This is another factor enhancing the demand as well as growth of the surge protector market in the North America region.

• Key Segments of the Market

The report has divided the market based on product, application, and regional analysis.

– Plug-in devices segment is expected to earn the highest revenue during the forecast period. Plug-in surge protectors help in protecting from lightning strikes and also provide surge protection. Moreover, these plug-in devices can be connected to multiple devices at a time. These are the reasons behind the growth of the surge protector market.

– Residential application is projected to be the most lucrative segment during the upcoming years. The main reason behind this growth is the need and importance of the safety products for home protection.

• Market Dynamics

The major growth factors of the surge protector market is the application of electronic devices in commercial and residential sectors and increasing demand for safety product and their derivatives. In addition, the necessity of stability in power supply has increased the demand of surge protectors. These are the driving factors of the surge protector market.

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Growing industrialization and rise in disposal income along with growing standard of livings are supporting the consumption of expensive electronic devices is rising demand for surge protectors. Growing adoption of technologically advanced electronic appliances such as LED, LCD, laptops and other devices in the developing countries is anticipated to create significant growth opportunities in the surge protector market in upcoming years.

• Key Players of the Market

The report enlists the significant players of the global surge protector market including GENERAL ELECTRIC, Emerson Electric Co., Eaton, Leviton Manufacturing Co., Inc., PHOENIX CONTACT, Raycap, Schneider Electric, Pentair plc, Tripp Lite, CG Power and Industrial Solutions Limited among others.

The report also summarizes other important aspects including financial performance, product portfolio, SWOT analysis, and recent strategic moves and developments of the leading players.

Contact Us:

Mr. Abhishek Paliwal
Research Dive
30 Wall St. 8th Floor, New York
NY 10005 (P)
+ 91 (788) 802-9103 (India)
+1 (917) 444-1262 (US) Toll
Free : +1 -888-961-4454
Email: [email protected]
LinkedIn: https://www.linkedin.com/company/research-dive
Twitter: https://twitter.com/ResearchDive
Facebook: https://www.facebook.com/Research-Dive
Blog: https://www.researchdive.com/blog
Follow us on: https://covid-19-market-insights.blogspot.com