Author: admin

Plasma Fractionation Market Applications, Growth, Size, Opportunities, Top Players, Share, Trends, Segmentations, Regional Insights, Graph and Forecast

“Key players in the plasma fractionation market include CSL (Australia), Takeda Pharmaceutical company limited (Japan), Grifols, S.A. (Spain), Octapharma AG (Switzerland), Kedrion S.P.A (Italy), LFB (France), ADMA Biologics (US)”
The plasma fractionation industry is poised for remarkable growth in the near future, driven by several factors including advancements in biotechnology, increasing demand for plasma-derived therapies, and the global focus on healthcare infrastructure.

Plasma Fractionation Market in terms of revenue was estimated to be worth $29.0 billion in 2023 and is poised to reach $40.4 billion by 2028, growing at a CAGR of 6.9 % from 2023 to 2028 according to a new report by MarketsandMarkets™. The increasing use of immunoglobulins in a variety of therapeutic fields, as well as the market’s players’ strategic expansion of plasma collection centers and inventories, along with the rising incidence of respiratory diseases like alpha-1-antitrypsin deficiency (AATD) and Chronic obstructive pulmonary disease (COPD), are the main factors driving the market’s expansion.

Download an Illustrative overview: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=93798284

The immunoglobins segment accounted for the largest share by-product in the plasma fractionation market in 2022.

Based on product, the plasma fractionation market is segmented into protease inhibitors, coagulation factor concentrates, immunoglobulins, albumins, and other products. Immunoglobulins accounted for the largest share of the global plasma fractionation market in 2022. The dominance of this segment is mainly attributed to the rise in the cases of neurological and immunological diseases, the increase in off-label utilization of immunoglobulins, especially IVIg, and the increased usage of these immunoglobulins in the treatment of a variety of diseases and conditions that are linked to humoral immune deficiency or immune system dysfunction, including immune thrombocytopenic purpura, Kawasaki syndrome, Guillain-Barré syndrome, and graft-versus-host diseases after bone marrow transplantation.

The pulmonology segment is expected to grow at the highest CAGR during the forecast period.

Based on application, the plasma fractionation market is segmented into pulmonology, hemato-oncology neurology, immunology, hematology, critical care, rheumatology, and other applications. In 2022, the pulmonology segment is expected to register the highest CAGR during the forecast period. The increasing demand for immunoglobulins to prevent and treat upper and lower respiratory tract infections due to their efficiency is a major factor driving growth in this market segment. Additionally, the use of protease inhibitors such as alpha-1-antitrypsin has also increased substantially over the past few years.

North America was the largest regional market for plasma fractionation market in 2022

The global plasma fractionation market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. In 2022, North America accounted for the largest share of the plasma fractionation market, followed by Europe and the Asia Pacific. The significant market share held by North America is supported by the region’s rising hemophilic population as well as the rising demand for immunoglobulins for conditions like PID, idiopathic thrombocytopenic purpura, chronic inflammatory demyelinating polyneuropathy (CIDP), allogenic bone marrow transplantation, pediatric HIV, and B-cell chronic lymphocytic leukemia. The market in Asia Pacific, on the other hand, is projected to grow at the greatest CAGR throughout the forecast period. This can be attributed to the expansion of the healthcare sector, the increasing incidence of hemophilia, the increase in the number of organ transplants, the increased emphasis on early diagnosis and prophylactic care, the increased awareness of technologically advanced products, and the rising standards of living in many countries in APAC.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=93798284

Plasma Fractionation Market Dynamics:

Drivers:

  1. Growing use of immunoglobulins in various therapeutic areas
  2. Rapidly growing geriatric population
  3. Growing prevalence of respiratory diseases and AATD
  4. New indications for plasma products

Restraints:

  1. High costs and limited reimbursements
  2. Market disruption caused by recombinant alternatives

Opportunities:

  1. Increased risk of communicable diseases
  2. Rising prevalence of bleeding disorders

Challenges:

  1. Reduced supply of plasma due to low donor turnout
  2. Stringent government regulations

Key Market Players:

Key players in the plasma fractionation market include CSL (Australia), Takeda Pharmaceutical company limited (Japan), Grifols, S.A. (Spain), Octapharma AG (Switzerland), Kedrion S.P.A (Italy), LFB (France), ADMA Biologics (US), Sanquin (Netherlands), China Biologic Products Holdings Inc. (China), GC Pharma (Korea), Hualan Bioengineering Co., Ltd. (China), Japan Blood Products Organization (Japan), Emergent BioSolutions (US), Shanghai Raas Blood Products Co., Ltd. (China), Intas Pharmaceuticals Ltd. (India), Bharat Serum Vaccines Limited (India), SK Plasma (Korea), Sichuan Yuanda Shuyang Pharmaceutical Co., Ltd. (China), Kamada (Israel), Centurion Pharma (Istanbul), Prothya Biosolutions (Netherlands), PlasmaGen BioSciences Pvt. Ltd. (India), Virchow Biotech Private Limited (India), Fusion Healthcare (India), and Hemarus Therapeutics Limited (India).

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=93798284

Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/plasma-fractionation-market-93798284.html

 

Press Release Distributed by ABNewswire.com

To view the original version on ABNewswire visit: Plasma Fractionation Market Applications, Growth, Size, Opportunities, Top Players, Share, Trends, Segmentations, Regional Insights, Graph and Forecast

Microfluidics Market Growth, Global Size, Opportunities, Key Producers, Share, Trends, Segmentations, Regional Graph and Forecast to 2028

“North America has various advantages—an advanced healthcare system, high public and private healthcare spending rise in the geriatric population, rising prevalence of chronic and lifestyle diseases, and the significant presence of prominent players in the region are the major factors contributing to the growth of North America and the largest share of the microfluidics market APAC is known to grow at the highest rate.”
Browse 300 market data Tables and 66 Figures spread through 335 Pages and in-depth TOC on “Microfluidics Market by Product (Device, Component (Chip, Sensor, Microneedle, Pump, Valve), Application (IVD (POC, Clinical, Vet), Research (Proteomic, Genomic, Cell-based, Capillary), Manufacturing), End User (Pharma, Hospital) – Global Forecast to 2028

Microfluidics Market in terms of revenue was estimated to be worth $22.3 billion in 2023 and is poised to reach $41.1 billion by 2028, growing at a CAGR of 13.0% from 2023 to 2028 according to a new report by MarketsandMarkets™. Microfluidics technologies help lower the overall cost of the drug development process by offering quick analysis, reduced reagent consumption, as well as accurate outcomes from tests. Besides all of these factors, the demand for microfluidics technology is rising as a result of the growing usage and adoption of point-of-care diagnostics tools like glucose monitors and pregnancy test kits.

Download an Illustrative overview: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1305

The microfluidics market is further segmented based on the product, application, end-user, and region.

The microfluidic-based devices segment holds the largest market share during the forecast period.

The microfluidics market can be generally divided into components and devices that use microfluidic technology. The microfluidics market by product will be significantly dominated by the segment of microfluidic-based devices in 2022. The highest rate in this market can be largely attributed to the growing use of technologically advanced microfluidic-based devices in pharmaceutical and life science research, the growing demand for laboratory equipment miniaturization, the rising demand for microfluidic-based PoC testing, and the growing use of microfluidic technology for drug discovery.

The in-vitro diagnostic segment is expected to grow at the highest rate during the forecast period.

In vitro diagnostics, pharmaceuticals, life science research and manufacturing, and therapeutics are the three major application segments in which the microfluidics market is widely categorized in this study. The market for microfluidics in 2022 was dominated by the in vitro diagnostics segment. The significant share of this market can be largely attributed to the increase in target disease prevalence and the demand for PoC testing. The implementation of these devices in IVD applications has also been influenced by the advantages of microfluidics devices over conventional devices (such as portability, compact size, increased testing frequency, and accurate & rapid analysis).

In the end-user segment, hospitals & diagnostic centers are expected to grow at the highest share in the microfluidics market.

According to end users, the microfluidics market can be classified into three categories: academic & research institutes, pharmaceutical & biotechnology companies, and hospitals & diagnostic centers. The end users market in 2022 was dominated by the hospitals and diagnostic centers sector. The growing implementation of microfluidics technology for rapid identification of a wide range of chronic diseases, in addition to rising technological improvements, are factors contributing to the significant share of the market.

North America will continue to dominate the adhesion barriers market in 2028.

On the basis of region, the microfluidics market is segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. North America has various advantages—an advanced healthcare system, high public and private healthcare spending rise in the geriatric population, rising prevalence of chronic and lifestyle diseases, and the significant presence of prominent players in the region are the major factors contributing to the growth of North America and the largest share of the microfluidics market APAC is known to grow at the highest rate. The growth in the market can be attributed to increasing R&D activities, rising government funding for drug discovery research, and high growth in the pharmaceutical and biotechnological industries.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=1305

Microfluidics Market Dynamics:

Drivers:

  1. Rising technological advancement

Restraints:

  1. Incorporation of microfluidics into existing workflows

Opportunities:

  1. Expanding applications of drug delivery technologies using microfluidics

Challenge:

  1. Standardization/ commercialization of microfluidic devices

Key Market Players:

The microfluidics market is a highly fragmented market with the presence of several multinational and local market players. Some of the prominent players include The prominent players in the global microfluidic components market include Parker-Hannifin Corporation (US), Danaher Corporation (US), Thermo Fisher Scientific (US), Fluigent SA (France), Agilent Technologies (US), Bio-Rad Laboratories, Inc. (US), Becton, Dickinson and Company (US), F. Hoffmann-La Roche (Switzerland), IDEX Corporation (US), Dolomite Microfluidics (UK), Cellix Ltd. (Ireland), Elveflow (France), PerkinElmer Inc. (US), Camozzi Automation Spa Società Unipersonale (Italy), Fortive Corporation (US), Aignep S.P.A. (Italy), SMC Corporation (Japan), Illumina, Inc. (US), Micronit Microtechnologies (Netherlands), and MicroLiquid (Spain).

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=1305

Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/microfluidics-market-1305.html

 

Press Release Distributed by ABNewswire.com

To view the original version on ABNewswire visit: Microfluidics Market Growth, Global Size, Opportunities, Key Producers, Share, Trends, Segmentations, Regional Graph and Forecast to 2028

Application Modernization Services Market Growth, Opportunities Business Scenario, Share, Growth Size, Scope, Key Segments and Forecast to 2027

“IBM (US), Accenture (Ireland), HCL Technologies (India), Atos (France), Capgemini (France), Cognizant (US), TCS (India), Bell Integrators (US), Innova Solutions (US), Oracle (US), Microsoft (US), EPAM Systems (US), Aspire Systems (India), NTT Data (Japan), Dell Technologies (US), DXC Technology (US), Infosys (India), Wipro (India), Micro Focus (UK), and MongoDB (US).”
Application Modernization Services Market by Service Type (Application Portfolio Assessment, Cloud application Migration, Application Re-platforming), Cloud Deployment Mode, Organization Size, Vertical and Region – Global Forecast to 2027

The application modernization services market size is expected to grow from USD 15.2 billion in 2022 to USD 32.8 billion by 2027 at a Compound Annual Growth Rate (CAGR) of 16.7% during the forecast period. Application modernization services deal with the transfer of legacy applications to new platforms or applications, as well as the integration of new functionality to give the business the newest features. Numerous modernization alternatives are offered by vendors for re-platforming, re-hosting, recoding, rearchitecting, re-engineering, interoperability, replacement, and retirement. The application architecture may also be modified to help choose the best course of action. 

Download PDF Brochure@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=149625724

Legacy modernization extends the lifespan of an organization’s applications while simultaneously utilizing technological advancements instead of completely replacing or retiring an existing system. Many businesses discover that a sizable portion of legacy workloads, underlying platforms, technologies, and conventional development methods are impeding company agility and innovation. This is because many legacy systems were created prior to the emergence of cloud computing, cloud-native development methodologies, Linux containers, and other recent innovations. Many of these workloads, though, continue to be crucial to the business and represent substantial, long-term investments that are difficult to replace or retire.

As per vertical, IT and ITeS segment to grow at the highest CAGR during the forecast period

The application modernization services market, by vertical, BFSI, healthcare and life sciences, telecommunication, IT & ITeS, retail & consumer goods, government and public sector, energy & utilities, manufacturing, and other verticals. As per vertical, IT and ITeS industry is expected to grow at the highest CAGR of 17.8% during the forecast period. Application modernization services are designed to lower the ongoing expenses associated with maintaining old apps, enhance their functionality, performance, and security, and ensure that the improved solutions are long-term scalable and simple to manage. Vendors provide end-to-end app modernization services to assist businesses in deriving new value from their old applications while adhering to established software modernization and risk management procedures in IT and ITeS industry. Various software systems are utilized by a lot of software companies to manage resources and improve output. IT and ITeS organizations must stay current with the newest applications in this industry since they operate in highly competitive environments. There are many SMEs and a small number of very large businesses in the IT and ITeS area. Depending on an organization’s size and the complexity of its business processes, application modernization services may be required. This industry is constantly keen to seize digital opportunities. It is updating its old software to support digital client experience. The rising subscriber count and rising usage of various media and digital content technologies are driving the demand for application modernization services throughout this vertical. Compared to conventional, capital-intensive, and cloud-based services, these more agile and adaptable application modernization services are provided through scalable, cost-effective methods. Since the IT and ITeS sector employs a sizable workforce, particularly in North America and Asia Pacific, it requires strong inter-organizational communication to boost organizational agility and efficiency.

Request Sample Pages@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=149625724

As per organization size, SMEs are to grow at the highest CAGR during the forecast period

The application modernization services market has been segmented by organization size into large enterprises and SMEs. As per organization size, SMEs is expected to grow at the highest CAGR of 18.8% during the forecast period. With the increasing number of SMEs worldwide, the requirement for application modernization services is also increasing. These organizations frequently employ aggressive strategic planning to back up and grow their business. They must apply cutting-edge technology solutions and the most recent fashions in their business. Application modernization enables these companies to develop and grow their operations affordably. SME development affects the development of developing economies since they have a large impact on Gross Domestic Product (GDP). SMEs now hold a reduced market share as they lack the proper decision-making structures and resources to choose the best framework and strategy for adopting modernization services. Furthermore, due to considerations including insufficient funding, difficulties maintaining company continuity due to supply chain and travel limitations, a drop in regular demand, and an increase in debts, the current state of the global recession is also anticipated to influence their growth in the future. Therefore, it is anticipated that these firms will use application modernization services to improve agility and substantially lower TCO. In the SMEs category, this is anticipated to accelerate the development of application modernization.

Unique Features in the Application Modernization Services Market

In order to identify out-of-date technology, dependencies, and areas for improvement and to build the groundwork for modernization initiatives, providers provide thorough assessments and analysis of legacy systems.

Application modernization services provide tailored roadmaps that outline modernization strategies in phases while taking budgetary restrictions, technological stacks, and business requirements into account.

Providers are experts at transferring old apps to cloud settings, utilising cloud-native services and architectures to increase affordability, scalability, and dependability.

Services concentrate on disassembling monolithic programmes into microservices architectures, which allow for quick feature development and deployment in addition to agility, scalability, and ease of maintenance.

Using tools like Docker and Kubernetes, providers help containerise older apps, making it easier to scale, manage, and deploy apps in hybrid and multi-cloud settings.

Major Highlights of the Application Modernization Services Market

In order to meet changing client wants and industry trends, suppliers continuously innovate in the market by introducing new tools, processes, and best practices, while also consolidating the market through vendor mergers and acquisitions.

In order to expedite application modernization initiatives, promote teamwork, and facilitate continuous integration and deployment (CI/CD) for a quicker time to market and better software quality, providers are using agile development approaches and DevOps practices.

To preserve data privacy, defend against cyber attacks, and guarantee regulatory compliance, there is a considerable emphasis on integrating contemporary security practices and compliance controls into application modernization activities.

Modernising data infrastructure and analytics capabilities, transferring to cloud-based data warehouses, putting advanced analytics tools into practice, and using data-driven insights to make well-informed decisions are the main service areas.

In order to satisfy the demands of modern consumers across platforms and devices, providers prioritise improving user experience through rethinking application interfaces, enhancing usability, and implementing responsive design concepts.

Inquire Before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=149625724

Top Companies in the Application Modernization Services Market

Some of the major application modernization services market vendors are IBM (US), Accenture (Ireland), HCL Technologies (India), Atos (France), Capgemini (France), Cognizant (US), TCS (India), Bell Integrators (US), Innova Solutions (US), Oracle (US), Microsoft (US), EPAM Systems (US),  Aspire Systems (India), NTT Data (Japan), Dell Technologies  (US), DXC Technology (US), Infosys (India), LTI (India), Wipro (India), Micro Focus (UK), Fujitsu (Japan), Softura (US), Hexaware Technologies (India), Virtusa (US), and MongoDB (US).

MongoDB is a globally acclaimed NoSQL solution provider. The company offers application modernization to various enterprises by enabling the modernization of their legacy technology infrastructure. Using technologies such as Agile and DevOps, MongoDB provides modernization services to large-scale organizations. MongoDB enables the building of the Application Modernization Factory for its customers by providing advisory, consulting, application governance, and life cycle monitoring. It caters to these services with the help of processes, such as application portfolio assessment, architecture designing, application re-platforming, and application optimization, for legacy systems and mainframes. Further, the fully managed MongoDB database at the core of the MongoDB Atlas developer data platform is accessible in over 95 locations on AWS, Google Cloud, and Microsoft Azure. Atlas is a user-friendly, reasonably priced modern service with features such as serverless instances, auto-scaling, and data dissemination across many clouds. Due to these features, development teams may concentrate on their apps rather than dealing with the hassle of managing their own databases. The company caters to various industry verticals such as public sector, retail, healthcare, manufacturing, and BFSI.

Geomotiv was founded in 2010 and is headquartered in Virginia, US. Geomotiv is an international bespoke software development company with a team of specialists proficient in a wide range of modern technologies. Businesses may accelerate their digital transformation processes and lay the groundwork for future innovation by using Geomotiv to streamline the modernization of their old applications and the migration of their legacy code. By upgrading business applications and implementing Agile methodology, integration-ready APIs, DevOps techniques, Microservices architecture, and Cloud technologies, Geomotiv revitalize any heavy legacy software. Technology experts at Geomotiv present opportunities to package the current legacy software and make it accessible for adaptable open-system platforms via API. They offer low-cost, low-risk legacy system modernization to match user’s needs based on wrapping technology, which keeps the code in the current environment. The company offers various benefits with the help of application modernization services such as encapsulation, re-platforming, rehosting, rearchitecting, reengineering, refactoring, redesigning, and replacing.

Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/application-modernization-services-market-149625724.html

 

Press Release Distributed by ABNewswire.com

To view the original version on ABNewswire visit: Application Modernization Services Market Growth, Opportunities Business Scenario, Share, Growth Size, Scope, Key Segments and Forecast to 2027

Corporate Lending Platform Market Analysis And Trends By Segmentations, Top Key Players, Geographical Expansion, Future Development & Forecast – 2030

“FIS (US), Fiserv (US), Oracle (US), ICE Mortgage Technology (US), TCS (India), Finastra (UK), Newgen Software (India), Nucleus Software (India), Intellect Design Arena (India), Wipro (India), Comarch (Poland), JurisTech (Malaysia), Servosys solutions (India), Sigma Infosolutions (US), HES FinTech (India), Temenos (Switzerland), Nelito (India), and Tavant (US).”
Corporate Lending Platform Market by Offering (Solutions (Loan Origination, Loan Monitoring & Management) and Services), Deployment Mode, Organization Size, Lending Type, End User (Banks, Credit Unions, NBFCs) and Region – Global Forecast to 2030

The corporate lending platform market is expected to grow from USD 3.0  billion in 2024 to USD 11.0 billion in 2030, at a CAGR of 24.5%  during the forecast period. The corporate lending platform market is driven by various factors, such as digital transformation streamlines corporate lending through rapid tech adoption, customer demand drives seamless corporate lending platform development, and complex financial markets demand robust risk management in lending platforms.

Download PDF Brochure@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=92893599

By offering the services segment to account for higher CAGR during the forecast period.

The services segment includes professional and managed services that assist financial institutions throughout their journey of implementing, optimizing, and maintaining lending platforms. Professional services encompass a range of offerings such as consulting, system integration, customization, and training, tailored to meet the specific needs of lenders. These services provide expertise and support to financial institutions in designing, deploying, and integrating lending platforms into their existing infrastructure, ensuring seamless implementation and alignment with business objectives. On the other hand, managed services offer ongoing support and maintenance, including platform monitoring, upgrades, security management, and user support, allowing lenders to focus on core business activities while leveraging the expertise of external service providers.

By Lending Type, Commercial Lending is expected to hold the largest market size for the year 2023.

The commercial lending sector within the corporate lending platform market encompasses a diverse range of financial services provided to businesses and corporations. This segment caters to enterprises seeking funding for various purposes, such as expansion, working capital, acquisitions, or real estate investments. Commercial lending platforms offer comprehensive solutions to streamline loan origination, underwriting, servicing, and management processes. Examples of leading solutions in this space include Finastra’s Commercial Lending Solution and FIS Commercial Lending Suite. Finastra’s offering provides robust support throughout the commercial loan lifecycle, incorporating built-in workflow and analytics tools for enhanced efficiency and decision-making.

Request Sample Pages@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=92893599

Unique Features in the Corporate Lending Platform Market

These platforms provide sophisticated methods for assessing credit risk that use machine learning and data analytics to precisely determine the creditworthiness of business borrowers.

Corporate lending platforms use automation to speed up loan origination and reduce manual intervention during the underwriting process, all while maintaining regulatory compliance.

These platforms offer customisable loan packages with flexible terms, repayment plans, and financing choices to suit various business requirements. They are specifically designed to cater to the demands of corporate borrowers.

Corporate lending platforms facilitate smooth data flow and improve operational efficiency by integrating with other elements of the financial ecosystem, including credit bureaus, ERP systems, and accounting software.

These platforms provide proactive risk management and decision-making by giving lenders visibility into loan performance, compliance status, and portfolio risk in real-time through monitoring and reporting features.

Major Highlights of the Corporate Lending Platform Market

In order to satisfy changing consumer wants and market demands, vendors continuously innovate and consolidate the market through mergers and acquisitions of other vendors as well as by providing new features and capabilities.

These platforms place a high priority on security and data privacy, putting strong security measures in place to safeguard sensitive borrower data and guarantee regulatory compliance. These measures include encryption, access controls, and data privacy standards.

A smooth and effective loan application and servicing experience can be achieved by concentrating on developing an intuitive and user-friendly interface for lenders, borrowers, and other stakeholders.

Corporate lending platforms give lenders the freedom to expand operations while staying in compliance because they are flexible and scalable enough to handle expanding loan portfolios and shifting regulatory requirements.

With the help of these platforms’ real-time monitoring and reporting features, lenders can keep tabs on loan performance, compliance status, and portfolio risk while also taking proactive steps to reduce risks.

Inquire Before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=92893599

Top Companies in the Corporate Lending Platform Market

Key players operating in the corporate lending platform market across the globe are Fidelity National Information Services, Inc. (FIS), Fiserv, Inc. (Fiserv), Oracle Corporation (Oracle), ICE Mortgage Technology, Inc. (ICE Mortgage Technology), Tata Consultancy Services Limited (TCS), Finastra (Finastra), Newgen Software Technologies Limited (Newgen Software), Nucleus Software Exports Limited (Nucleus Software), Intellect Design Arena Ltd (Intellect Design Arena), Wipro Limited (Wipro), Comarch SA (Comarch), Juris Technologies (JurisTech), Servosys Solutions (Servosys Solutions), Sigma Infosolutions (Sigma Infosolutions), HES FinTech (HES FinTech), Temenos Headquarters SA (Temenos), Nelito Systems Pvt Ltd. (Nelito), Tavant (Tavant), Tietoevry (Tietoevry), Moody’s Analytics, Inc. (Moody’s Analytics), AllCloud Enterprise Solutions Private Limited (AllCloud), Relational S.A. (Relational FS), Origence (Origence), RupeePower (RupeePower), Decimal Technologies (Decimal Technologies), LenderKit (Lenderkit), Biz2x (Biz2Credit), Fundigo (Fundigo), Novac Technology Solutions (Novac Technology Solutions) and Banxware GmbH (Banxwareh). These companies employ various approaches, both organic and inorganic, including introducing new products, forming strategic partnerships and collaborations, and engaging in mergers and acquisitions, to expand their presence and offerings within the corporate lending platform market.

Fidelity National Information Services (FIS) was founded in 2005 and is headquartered in Florida, US. The company is a global technology leader in financial services in the US and offers its solutions to retail banks, wealth managers, and consulting and outsourcing organizations. FIS is a Fortune 500 company and member of Standard and Poor’s 500 Index. The company has its physical presence in North America, Europe, Middle East & Africa and Asia Pacific, and caters to more than 20,000 clients in more than 130 countries. The company employs around 62,000 personnel across the globe. Their offerings include digital lending solutions under their Integrated Financial Solutions (IFS) segment. The company primarily focuses on the North American regional and community bank and savings institutions bank. FIS is a major player in the Corporate Lending Platform market, offering a robust suite of solutions under the FIS Commercial Lending Suite. This suite provides versatile support for the entire commercial loan process, offering built-in workflow and analytics or specific modules tailored to individual needs. Key components include FIS Commercial Loan Servicing (formerly ACBS), FIS Credit Assessment (formerly Ambit Optimist), FIS Commercial Loan Origination, FIS LendAmend, FIS Loan Trading (formerly LoanTrak), and FIS SyndTrak.

Newgen Software is a prominent player in the digital transformation domain, offering a comprehensive suite of solutions to streamline business processes and enhance customer experiences. As a leading provider of a unified digital transformation platform, Newgen combines process automation, content services, communication management, and AI/ML capabilities to empower enterprises worldwide. Renowned for its industry-recognized low code application platform, Newgen enables successful enterprises to develop and deploy complex, content-driven, and customer-engaging business applications on the cloud. From onboarding to service requests, lending to underwriting, and across various industries, Newgen facilitates simplicity with speed and agility. The company is expanding in North America, Europe and Asia Pacific regions. In the corporate lending platform market, Newgen offers tailored solutions to meet the evolving needs of financial institutions. Leveraging its unified digital transformation platform, Newgen provides comprehensive solutions for corporate lending processes.

Finastra is a prominent player in the corporate lending platform market, offering comprehensive solutions to financial institutions worldwide. As a global provider of financial software applications and marketplaces, Finastra has established itself as a trusted partner for banks, credit unions, and other financial organizations seeking to optimize their lending operations. With a focus on innovation and digital transformation, Finastra empowers its clients to streamline lending processes, mitigate risks, and enhance customer experiences.

Finastra’s corporate lending platform encompasses a range of products designed to meet the diverse needs of financial institutions. From loan origination to risk management and loan servicing, Finastra offers end-to-end solutions that enable efficient and effective lending operations. Key offerings include Fusion Loan IQ, a comprehensive platform for managing syndicated and bilateral loans, and Fusion Digital Banking platform offers corporate customers a seamless digital experience for managing their lending activities. With a commitment to innovation and customer success, Finastra continues to drive advancements in the corporate lending space, helping financial institutions thrive in today’s dynamic market landscape.

Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/corporate-lending-platform-market-92893599.html

 

Press Release Distributed by ABNewswire.com

To view the original version on ABNewswire visit: Corporate Lending Platform Market Analysis And Trends By Segmentations, Top Key Players, Geographical Expansion, Future Development & Forecast – 2030

Inverter Market Size to Grow $39.6 billion by 2028 | Huawei Technologies Co., Ltd., SUNGROW, SMA Solar Technology AG, Power Electronics S.L., Fimer Group

“Huawei Technologies Co., Ltd. (China), SUNGROW (China), SMA Solar Technology AG (Germany), Power Electronics S.L. (Spain), and Fimer Group (Italy) are the market leaders in the Inverter market.”
The Inverter market is projected to reach USD 39.6 billion by 2028 from an estimated USD 18.9 billion in 2023, at a CAGR of 16.0% during the forecast period.

According to a new market research report, the Inverter Market is projected to reach USD 39.6 billion by 2028 from an estimated USD 18.9 billion in 2023, at a CAGR of 16.0% during the forecast period. The inverter market is experiencing rapid growth driven by several factors. Increased adoption of renewable energy sources, such as solar and wind power, necessitates inverters to convert generated direct current (DC) into usable alternating current (AC). Technological advancements have enhanced inverter efficiency and affordability, making them integral in diverse applications like residential solar installations, electric vehicles, and industrial machinery. Additionally, the growing demand for uninterrupted power supply and the expansion of smart grids contribute to the market surge. As energy needs evolve towards sustainability and efficiency, the inverter market continues to expand, meeting the demands of a changing energy landscape.

Key Market Players:

Some of the major players in the Inverter market are Huawei Technologies Co., Ltd. (China), SUNGROW (China), SMA Solar Technology AG (Germany), Power Electronics S.L. (Spain), and Fimer Group (Italy).The major strategies adopted by these players include sales contracts and agreements.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=263171818

Some key trends in the inverter market include increased adoption of renewable energy, technological advancements that improve efficiency, integration into energy storage systems, the emergence of smart features, the popularity of string inverters and microinverters, the development of hybrid inverter systems, contributions to grid modernization, and increased demand for electric vehicles. Manufacturers are also focusing on efficiency improvements and cost reductions to help with the overall transition to sustainable energy solutions.

This report segments the Inverter market based on inverter type into: solar inverter, vehicle inverter and others. The vehicle inverter segment is expected to be the largest segment in Inverter market in the forecast period. The global need for vehicle inverters is increasing due to the growing popularity of electric cars (EVs). EVs are gaining popularity as the automobile industry swings towards electrification in order to address environmental concerns and lessen reliance on traditional fossil fuels. Vehicle inverters are critical components in electric propulsion systems, converting direct current (DC) from the battery to alternating current (AC) for the electric motor. The growing global demand for EVs is creating a corresponding surge in demand for car inverters to facilitate the move to cleaner, more sustainable transportation.

This report segments the Inverter market by output voltage, has been segmented into 100–300 V, 300–500 V, and Above 500 V. 100-300V is expected to be the fastest growing segment in the market expanding rapidly due to its versatility in covering a wide range of energy requirements. This voltage range is ideal for a variety of applications, including domestic solar installations, where inverters with this output range efficiently convert the generated direct current (DC) from solar panels to usable alternating current (AC). As global demand for distributed energy generation and residential solar systems grows, the 100-300V category meets the needs of these applications, contributing to its position as the fastest-growing market segment in the inverter industry.

Request Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=263171818

Numerous interrelated reasons are driving the market for inverters, which is expanding significantly. As renewable energy sources like solar and wind power become more widely used, inverters become more and more necessary to convert DC energy into AC. Increased use of electric vehicles and other forms of electrification accelerates the need for inverters in powertrains and charging infrastructure. Continuous technical developments extend the functionality and efficiency of inverters, increasing their use in a variety of industries. Furthermore, the need for inverters in the residential, commercial, and industrial sectors is driven by the growing emphasis on energy efficiency as well as the necessity for a steady supply of electricity. The inverter market is expanding as sustainability and the energy transition become more and more important worldwide.

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space.We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

Contact:

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Email: newsletter@marketsandmarkets.com

Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/inverter-market-263171818.html

 

Press Release Distributed by ABNewswire.com

To view the original version on ABNewswire visit: Inverter Market Size to Grow $39.6 billion by 2028 | Huawei Technologies Co., Ltd., SUNGROW, SMA Solar Technology AG, Power Electronics S.L., Fimer Group

Li-Fi / Free Space Optics (FSO) and Visible Light Communication (VLC) Market Poised for Rapid Growth, Estimated to Reach USD 18.2 Billion by 2028, at a CAGR of 40.3%

“Li-Fi / Free Space Optics (FSO) and Visible Light Communication (VLC) Market”
The global Li-Fi Market size is projected to grow from USD 3.3 billion in 2023 to USD 18.2 billion by 2028, registering a CAGR of 40.3% during the forecast period.

The Global Li-Fi / Free Space Optics (FSO) and Visible Light Communication (VLC) Market, is anticipated to experience robust growth, with an estimated value of USD 3.3 billion in 2023 and a projected surge to USD 18.2 billion by 2028, reflecting a remarkable Compound Annual Growth Rate (CAGR) of 40.3% during the forecast period. These insights are derived from a comprehensive report by MarketsandMarkets, a prominent provider of market research and consulting services.

Download PDF Brochure @ 
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=946

FSO & VLC/Li-Fi Market

Key Segments:

Technology Segmentation:

  • Free Space Optics (FSO): Utilizes optical wireless communication using beams of light to provide high-speed communication in free space.
  • Visible Light Communication (VLC): Employs visible light between 400 and 800 terahertz for communication and illumination.

 

Component Segmentation:

  • Light Emitting Diodes (LEDs): Plays a key role in Li-Fi technology, providing both illumination and data communication.
  • Photodetectors: Receives and interprets signals from LEDs, converting light signals into data.

 

Inquire Before Buying @
https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=946

Growth Drivers:

High Data Transfer Speeds: Li-Fi technology offers significantly higher data transfer speeds compared to traditional Wi-Fi, catering to the increasing demand for faster and more reliable communication.

Low Interference: Li-Fi operates on the visible light spectrum, reducing interference and congestion, making it a promising solution for crowded wireless environments.

Rising Demand for Secure Communication: Li-Fi provides a secure communication option, as light signals do not pass through walls, enhancing data security.

Challenges:

Limited Range: Li-Fi technology has a relatively limited range compared to traditional Wi-Fi, making it more suitable for specific use cases and environments.

Line-of-Sight Requirement: Effective communication in Li-Fi relies on a direct line of sight between the transmitter (LED) and the receiver (photodetector), posing challenges in certain scenarios.

View detailed Table of Content here –
https://www.marketsandmarkets.com/Market-Reports/visible-light-communication-market-946.html

Opportunities:

Integration with 5G Technology: Li-Fi technology can be integrated with 5G networks, providing enhanced connectivity and communication capabilities.

Adoption in Emerging Applications: Li-Fi is expected to find applications in emerging technologies such as the Internet of Things (IoT) and smart cities, presenting new growth opportunities.

Key Players:

The report identifies key players in the Global Li-Fi Market, including:

Signify N.V. (formerly Philips Lighting): A leading player offering Li-Fi technology solutions for various applications, including lighting and communication.

Acuity Brands, Inc.: A prominent provider of lighting and building management solutions, incorporating Li-Fi technology into its portfolio.

PureLiFi Ltd.: A pioneer in Li-Fi technology, PureLiFi specializes in the development of Li-Fi components and solutions.

Oledcomm S.A.S.: A key player focused on Li-Fi technology, providing solutions for high-speed and secure wireless communication through visible light.

Lucibel S.A.: Engaged in the design and manufacture of innovative lighting solutions, Lucibel incorporates Li-Fi technology for advanced communication.

The Global Li-Fi Market is on a trajectory of substantial growth, driven by the increasing demand for high-speed, secure, and interference-free communication solutions. As Li-Fi technology continues to evolve, it is expected to witness widespread adoption in various industries and applications.

Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/visible-light-communication-market-946.html

 

Press Release Distributed by ABNewswire.com

To view the original version on ABNewswire visit: Li-Fi / Free Space Optics (FSO) and Visible Light Communication (VLC) Market Poised for Rapid Growth, Estimated to Reach USD 18.2 Billion by 2028, at a CAGR of 40.3%

Construction Films Market Growth, Global Size, Opportunities, Key Producers, Share, Trends, Segmentations, Regional Graph and Forecast to 2026

“Browse 276 market data Tables and 44 Figures spread through 235 Pages and in-depth TOC on “Construction Films Market””
Construction Films Market by Type (LDPE &LLDPE, HDPE, PP, PVC, PVB, PET/BOPET, PA/BOPA, PVC, PVB), Application(Protective & Barrier, Decorative), End-Use Industry (Residential, Commercial, Industrial, Civil Engineering) & Region – Global Forecast to 2026

Construction films are thin continuous polymeric material and are used in applications such as vapor barriers, UV resistance, acoustic properties, antiglare, durability, and high strength. Variou films types used in the construction industry include LLDPE, LDPE, HDPE, PET.BOPET, PP/BOPP, PVB, PVC, polyamide, and others. The global construction films industry is expected to be driven by civil engineering industry during the forecast period. The global Construction film market size is projected to grow from USD 9.9 billion in 2020 to USD 12.9 billion by 2026, at a CAGR of 4.0%.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=221903376 

Companies operating in the construction films market have strengthened their position by adopting expansions and new product/technology launches from 2013-2020. Expansions, joint ventures, acquisitions, and new product launches were among the key growth strategies adopted by the market players between January 2015 and November 2020. Saint-Gobain (France), Berry Global Group Inc. (US), Eastman Chemical Company (Switzerland), Raven (US), RKW SE (Germany), Polyplex Corporation (Thailand), Climax Synthetic Pvt. Ltd. (India), Tech Folien (UK), Dupont De Numors  (US), Qingdao Kf Plastics Co., Ltd. (China), and Polifilm Extrusion GmbH (Germany) are some of the key players in the construction films market.

Berry Global acquired AEP Industries in 2017. This acquisition has provided Berry Plastics with the opportunity to enhance its product offerings as well as capacity expansion of its engineered materials segment that caters to the construction industry.

SKC introduced new window films in May 2020 that are easy to install and to work on. These window films act as barrier to solar heat and UV rays. SKC also had enetered into agreement with Sichuan Vinylon Works to foray in the PVB film market. The joint venture company will produce resin for PVB films. The manufacturing operations for PVB films is undertaken at SKCs Nantong film plant.

During the forecast period, the LDPE & LLDPE segment is projected to experience the most rapid growth within the construction films market in terms of both value and volume. This surge is attributed to the widespread application of LLDPE & LDPE films in construction, owing to their exceptional properties such as high tensile strength, resistance to moisture and chemicals, UV protection, and flexibility. These films are in high demand across residential and commercial sectors, particularly for applications such as cladding, roofing, doors and windows, furniture, and other uses.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=221903376 

The Asia-Pacific (APAC) region emerged as the largest market for construction films both in terms of value and volume. This growth can be primarily attributed to several factors including the expansion of industrial activities, the presence of established manufacturers, and technological advancements in the construction sector within the region.

Read Our Trending Press Release Below:

Water Storage Systems Companies

Chlor-Alkali Manufacturers

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/construction-films-market-221903376.html

 

Press Release Distributed by ABNewswire.com

To view the original version on ABNewswire visit: Construction Films Market Growth, Global Size, Opportunities, Key Producers, Share, Trends, Segmentations, Regional Graph and Forecast to 2026

Digital Oilfield Market worth $43.0 Billion by 2029 | SLB, Weatherford, Baker Hughes, Halliburton, NOV.

The global digital oilfield market is expected to grow from an estimated USD 30.1 billion in 2023 to USD 43.0 billion by 2029, at a CAGR of 6.3% during the forecast period.

The global Digital Oilfield Market is expected to reach USD 43.0 billion by 2029 from USD 30.1 billion in 2023 at a CAGR of 6.3% during the forecast period according to a new report by MarketsandMarkets™.  Digital oilfields play a crucial role in improving operational efficiency, reducing costs, and addressing industry challenges by integrating advanced technologies and data-driven solutions. It leverages a combination of hardware, software, and data storage solutions, including sensors, automation systems, and advanced data analytics, to capture, process, and interpret real-time data from diverse oilfield activities such as exploration, drilling, production, and reservoir management.

Moreover, the seamless integration of technology-driven solutions enhances productivity, minimizes downtime, and contributes to proactive maintenance, all while providing actionable insights for maximizing hydrocarbon recovery. Digital oilfield integrates digital solutions not only to addresses operational challenges but also to navigate the complexities of a rapidly evolving energy landscape. 

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=904

The Production Optimization is expected to grow at the second highest CAGR during the forecast period.

Based on process, the Digital Oilfield Market has been split into production optimization, drilling optimization, reservoir optimization, safety management, and asset management. Production optimization is expected to grow at the second highest CAGR during the forecasted period. Production optimization process continuously monitoring and analyse real-time data from various processes, including drilling, reservoir management, exploration and production. Also, Production optimization in digital oilfields contributes to increased hydrocarbon recovery rates, extended asset lifespan. Hence, it is expected to hold the largest share in the process segment of Digital Oilfield Market.

The Onshore is expected to be the largest segment during the forecast period.

This report segments the Digital Oilfield Market based on application into two segments: Onshore, and Offshore. The onshore is expected to be the largest segment during the forecast period. Onshore field operations are less complex compared to offshore oilfields. The straightforward accessibility of onshore fields facilitates the seamless adoption of digital solutions, as operations are inherently more manageable in these environments. Moreover, regions rich in onshore reserves, such as North America and the Middle East, are key drivers of market growth.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=904

Europe is expected to be the second largest region in the Digital Oilfield Industry.

Europe is expected to be the second largest Digital Oilfield Market during the forecast period. Europe places a strong emphasis on environmental sustainability and compliance with stringent regulatory standards. Digital oilfields offer tools for real-time monitoring, data analytics, and automation, contributing to environmentally responsible practices and adherence to regulatory requirements. Moreover, Europe’s oil and gas fields, especially in the North Sea, often involve complex and mature reservoirs, necessitating innovative technologies for efficient extraction and production optimization.

Key Players

Some of the major players in the Digital Oilfield Market are SLB (US), Weatherford (US), Baker Hughes Company (US), Halliburton (US), NOV Inc. (US). The major strategies adopted by these players include new product launches, contracts, agreements, partnerships, and expansions.

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:

Mr. Aashish Mehra

MarketsandMarkets™ INC.         

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Email: newsletter@marketsandmarkets.com

Content Source: https://www.marketsandmarkets.com/PressReleases/digital-oilfield.asp

Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/digital-oilfield-market-904.html

 

Press Release Distributed by ABNewswire.com

To view the original version on ABNewswire visit: Digital Oilfield Market worth $43.0 Billion by 2029 | SLB, Weatherford, Baker Hughes, Halliburton, NOV.

Sodium Ion Battery Market Revenues to Reach USD 236.65 Million by 2029- Market Size, Share, Forecasts, & Trends Analysis Report by Mordor Intelligence

According to the latest research report titled, “Sodium Ion Battery Market (2024 – 2029)” by Mordor Intelligence, the Sodium Ion Battery Market is estimated at USD 166.54 million in 2024 and growing at a CAGR of 7.28% during the forecast period. 

In the foreseeable future, the market is set to be propelled primarily by the escalating demand for cleaner energy, driven by the global surge in greenhouse gas emissions. Sodium-ion batteries, utilized for storing electricity generated from solar or wind sources, are poised to become key drivers in this market.  

Despite this, wind and solar photovoltaic (PV) power are anticipated to spearhead robust growth in renewable energy, while hydroelectricity is expected to maintain its significance as a primary energy source. Projections suggest that by 2030, solar and wind energy will collectively contribute over 50% of total electricity generation in countries such as Australia, Germany, Mexico, and the United Kingdom. Looking ahead to 2050, solar PV, wind, and hydropower are forecasted to account for approximately 80% of global electricity generation. With their distinct advantages in energy storage for solar and wind power, sodium-ion batteries are poised to capitalize on the expanding solar and wind energy markets. 

Report Summary 

  • Market Size (2024): USD 166.54 million 
  • Market Size (2029): USD 236.65 million 
  • CAGR (2024 – 2029): 7.28% 
  • Study Period: (2020-2029) 
  • Forecast Units: Value (USD million)   
  • Report Scope: Market Dynamics, Revenue Forecast & Segmentation, Competitive Landscape & Recent Developments, Market Growth, Future Opportunities, and Trends    
  • Market Drivers: The Increasing Demand for Cleaner Energy and Increasing Adoption of Sodium-Ion Batteries for Energy Storage Systems 

Which are the Top Companies in the Sodium Ion Battery Market?     

The sodium-ion battery market is semi-consolidated. The key players in the market include Faradion Limited, Contemporary Amperex Technology Co. Limited, NGK Insulators Ltd, TIAMAT SAS, HiNa Battery Technology Co. Ltd, Altris AB, and Natron Energy Inc., among others.  

Prominent players in the Sodium Ion Battery Market: 

  • Faradion Limited  
  • AMTE Power PLC 
  • NGK Insulators Ltd 
  • HiNa Battery Technology Co. Ltd. 
  • TIAMAT SAS 
  • Contemporary Amperex Technology Co. Limited 
  • Altris AB 
  • Natron Energy Inc. 

Other Reports that Might be of Your Interest 

  • Next-Generation Advanced Battery Market Report: The Next Generation Advanced Battery Market size is estimated at USD 1.87 billion in 2024, and is expected to reach USD 2.64 billion by 2029, growing at a CAGR of 7.24% during the forecast period (2024-2029) 
  • North America Battery Market Report: The North America Battery Market size is estimated at USD 12.40 billion in 2024, and is expected to reach USD 26.79 billion by 2029, growing at a CAGR of 16.65% during the forecast period (2024-2029) 

Key Highlights from the Sodium Ion Battery Market Report 

 

1. Empowering Tomorrow: The Crucial Role of Stationary Energy Storage in Market Dynamics 

  • The Sodium-ion batteries are expected to have considerable potential in energy storage system applications by 2029. 
  • The amount of energy generated by renewable sources such as solar and wind is witnessing massive growth, and energy storage is essential to ensure the continuity of energy supply.  
  • According to the International Renewable Energy Agency (IRENA), the world’s total installed solar PV capacity reached around 1046.61 GW in 2022, witnessing a 22.38% growth compared to the previous year. 
  • Furthermore, renewable energy growth is likely to continue with the increasing support from the government and its ambitious renewable power targets. 
  • Moreover, according to the International Energy Agency (IEA), by 2050, solar PV, wind, and hydro are estimated to produce approximately 80% of the global electricity generation.  
  • As sodium-ion batteries are an essential energy storage technology with additional benefits, storing solar and wind energy is expected to provide a vital opportunity in the growing solar and wind energy market.  
  • On the other hand, the cycling efficiency of sodium-ion batteries is not well-known, mainly because the rate capability obtained from hard carbon anodes is poor.  

Hence, the surging growth in renewable energy generation, the rising number of ongoing research development activities, and investments in sodium-ion batteries for stationary energy storage are expected to drive the market during the forecast period (2024-2029) 

2. Europe Positioned to Lead Market Domination: Analysis and Insights 

In 2022, Europe emerged as the dominant force in the sodium-ion battery market, driven by extensive research efforts and the rapid adoption of battery energy storage systems and electric vehicles. This momentum was fueled by initiatives such as the EU-funded project NAIMA, which received a substantial Horizon2020 grant of nearly EUR 8 million. NAIMA, focusing on developing robust battery cells for non-automotive applications, commenced in France in December 2019 and concluded in December 2022. 

One notable participant in this burgeoning market is Faradion Ltd, a prominent sodium-ion battery manufacturer based in the United Kingdom. Benefiting from the UK government’s USD 338.42 million Faraday battery challenge, Faradion Ltd is poised to contribute significantly to the sodium-ion battery landscape. By 2024-25, the company aims to ramp up its production capacity to over 1 GWh annually, translating to a market value exceedingly approximately USD 100 million per year. 

With ongoing research, substantial investments, and a rising demand for electric vehicles, the European region is primed to capitalize on abundant opportunities in the sodium-ion battery sector in the foreseeable future. 

What are the Latest Developments in the Sodium Ion Battery Market Market?    

  • In June 2023: FinDreams, the battery division of Chinese automaker BYD, is forming a partnership with Huaihai Holding Group. Together, the two companies announced plans to supply sodium-ion batteries for compact electric vehicles. 
  • In May 2022: Natron Energy, Inc. and Clarios International, Inc. announced a strategic agreement to manufacture sodium-ion batteries. The Clarios International Inc. Meadowbrook facility was expected to become the world’s first mass-produced and largest sodium-ion battery plant when it begins its production in 2023. The plant was to have a production capacity of 600MW by next year.  

Mordor Intelligence Report on the Sodium Ion Battery Market segments the market based on product type, application, and geography: 

  • By Application (Market Size & Forecast based on Value (USD million), 2024-2029)   
  • Stationary Energy Storage 
  • Transportation 
  • By Geography (Market Size & Forecast based on Value (USD million), 2024-2029)   
  • North America 
  • United States 
  • Canada 
  • Rest of North America 
  • Europe 
  • United Kingdom 
  • Germany 
  • France 
  • Italy 
  • Rest of Europe 
  • Asia-pacific 
  • China 
  • Japan 
  • India 
  • Rest of Asia-Pacific 
  • South America 
  • Brazil 
  • Argentina 
  • Rest of South America 
  • Middle East & Africa 
  • Saudi Arabia 
  • United Arab Emirates 
  • South Africa 
  • Rest of Middle East and Africa 

In a nutshell, the Mordor Intelligence Market Research Report provides in-depth market insight to industry players, investors, researchers, consultants, and business strategists, looking for comprehensive details on the sodium ion battery industry. Get a glance at the Sodium Ion Battery Market Report (2024 – 2029) 

About Mordor Intelligence 

Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals.  

With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics.   

Other Related Reports that Might be of Interest 

  • Egypt Renewable Energy Market Report: The Egypt Renewable Energy Market size is estimated at 13.23 gigawatt in 2024, and is expected to reach 19.23 gigawatt by 2029, growing at a CAGR of 7.80% during the forecast period (2024-2029) 
  • Microgrid Market Report: The Microgrid Market size is estimated at USD 15.92 billion in 2024, and is expected to reach USD 38.12 billion by 2029, growing at a CAGR of 19.08% during the forecast period (2024-2029) 

Media Contact
Company Name: Mordor Intelligence Private Limited
Contact Person: Prateeksha Rawat
Email: Send Email
Phone: +1 617-765-2493
Address:5th Floor, Rajapushpa Summit, Nanakramguda Rd, Financial District, Gachibowli
City: Hyderabad
State: Telangana 500008
Country: India
Website: https://www.mordorintelligence.com/

 

Press Release Distributed by ABNewswire.com

To view the original version on ABNewswire visit: Sodium Ion Battery Market Revenues to Reach USD 236.65 Million by 2029- Market Size, Share, Forecasts, & Trends Analysis Report by Mordor Intelligence

Automotive Oil Pump Market Forecast To 2032

Automotive Oil Pump Market By Application, By Lubrication System, By Displacement Type, By Vehicle Type, By Propulsion Type, By Discharge Type, By Sales Channel – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

The automotive oil pump market is anticipated to expand at a compound annual growth rate (CAGR) of 4.8% during the forecast period of 2024 to 2032. This growth will be propelled by the increasing demand for fuel-efficient vehicles, the expanding adoption of electrified vehicles, and the ongoing technological progress in lubrication systems. Nevertheless, the integration of electric oil pumps presents obstacles that require continuous endeavors to resolve technical intricacies. The segmentation analysis highlights the wide range of lubrication systems and applications present in the automotive oil pump market. Revenue and CAGR for these systems differ significantly across geographic regions, categories, and applications. With key industry participants remaining vigilant in the face of intense competition, the automotive oil pump sector is positioned to experience consistent expansion, capitalizing on the groundwork laid in 2023 and accommodating the ever-changing demands of the global automotive industry.

The escalating demand for fuel efficiency in vehicles serves as a driving force behind the automotive oil pump market. There is an increasing emphasis on sustainability and rigorous emission regulations that are compelling automotive manufacturers to implement fuel-efficient technologies. Electric oil pumps, manufactured by Aisin Seiki and Delphi Technologies, are experiencing heightened demand. These pumps enhance fuel efficiency through the optimization of oil flow and the mitigation of parasitic losses. The available evidence indicates that automotive original equipment manufacturers (OEMs) are placing a worldwide emphasis on fuel-efficient solutions; in this pursuit, electric oil pumps are emerging as a pivotal technology.

The market is currently witnessing substantial expansion as a result of the increasing adoption of electric vehicles (EVs). In the automotive oil pump industry, Robert Bosch and Magna International are leaders in the development of electric powertrain-specific solutions. Major automobile manufacturers’ commitments to the development and production of electric vehicles provide support for the worldwide transition to electric mobility. The increasing prevalence of electric vehicles (EVs) is anticipated to significantly stimulate the demand for electric oil pumps, which are essential for lubricating and cooling electric powertrains. This, in turn, will propel the automotive oil pump market as a whole.

Browse for the report at: https://www.acutemarketreports.com/report/automotive-oil-pump-market

Ongoing technological advancements in lubrication systems are feeding substantial growth into the automotive oil pump market. In wet sump lubrication systems, corporations such as Johnson Electric and Denso Corporation are investing in research and development to improve the efficacy of mechanical oil pumps. Based on the evidence, there appears to be a discernible inclination towards sophisticated lubrication solutions that provide enhanced lubricant distribution, diminished friction, and improved cooling. These improvements collectively contribute to internal combustion engines’ heightened efficiency and extended lifespan. The aforementioned technological developments establish lubrication systems as a pivotal factor influencing the trajectory of the automotive oil pump industry.

Difficulties in electric oil pump integration pose a substantial impediment to the expansion of the automotive oil pump market, despite the industry’s current state of expansion. The available evidence indicates that the incorporation of electric oil pumps into conventional internal combustion engines and hybrid propulsion systems presents certain technical obstacles. Prominent corporations such as ACDelco and Hitachi Automotive Systems are proactively engaged in efforts to surmount these obstacles, which encompass concerns about thermal dissipation, power consumption, and system intricacy. It is of utmost importance to tackle these obstacles to guarantee the smooth incorporation of electric oil pumps into an extensive array of vehicle platforms and propulsion systems.

Get a free sample copy https://www.acutemarketreports.com/request-free-sample/140175

Applications-based market segmentation for automotive oil pumps includes both mechanical and electric oil pumps. The mechanical oil pump segment recorded the maximum revenue in 2023, which is indicative of the continued prevalence of conventional internal combustion engines. Concurrently, the electric oil pump segment is anticipated to experience the maximum Compound Annual Growth Rate (CAGR) between 2024 and 2032, which signifies the expanding implementation of electric powertrains within the automotive sector.

According to lubrication systems, including dry sump lubrication and moist sump lubrication, the market is segmented. During the year 2023, the damp sump lubrication segment, which is frequently employed in conventional internal combustion engines, generated the most revenue. However, the dry sump lubrication segment is expected to experience the maximum CAGR over the forecast period, due to technological advancements in lubrication and its increased use in high-performance and sports vehicles.

The automotive oil pump market demonstrates heterogeneous trends in terms of revenue percentages and CAGR across different regions. As a result of the automotive industry’s brisk expansion, Asia-Pacific emerges as the region with the highest CAGR, primarily in emerging economies such as China and India. On the contrary, North America exhibits the most substantial revenue percentage in 2023, thereby emphasizing the market’s established stage in this geographical area. The aforementioned geographical patterns underscore the worldwide scope of the automotive oil pump industry and its capacity to accommodate distinct regional requirements.

Industry leaders include Aisin Seiki, Delphi Technologies, Robert Bosch, Magna International, Denso Corporation, Johnson Electric, ACDelco, Hitachi Automotive Systems, BorgWarner Inc., FTE automotive, HUSCO Automotive, LLC,  Mahle Group, Mikuni American Corporation, Mitsubishi Electric, Nidec Corporation, Rheinmetall Automotive AG, ZF Friedrichshafen AG, Ixetic, Jatco, KYB, Nachi-Fujikoshi, RBAS (PTS), SHW Germany, Stackpole, Wanliyang China, and ZF-TRW. The automotive oil pump market is characterized by intense competition. These corporations implement a wide range of tactics, such as ongoing product development, strategic alliances, and international market penetration. These major participants dominated the market collectively in 2023, generating substantial revenues. As a result of their dedication to technological advancement and meeting the changing demands of the automotive industry, they are anticipated to maintain their market leadership from 2024 to 2032.

Media Contact
Company Name: Acute Market Reports, Inc.
Contact Person: Chris Paul
Email: Send Email
Phone: US/Canada: +1-855-455-8662, India: +91 7755981103
Address:90 Church St, FL 1 #3514, New York, NY 10008, USA
City: New York
State: New York
Country: United States
Website: www.acutemarketreports.com

 

Press Release Distributed by ABNewswire.com

To view the original version on ABNewswire visit: Automotive Oil Pump Market Forecast To 2032