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Prateek G

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Its impact on global economy and businesses is considerably high, entailing deep economic and negative social impacts, which, in turn, leads to geopolitical repercussions.The nanotechnology market before COVID-19 pandemic was expected to witness a steady growth with increase in research and developments for the application of nanotechnology in various fields of science & technology such as manufacturing, 3D printing, medicine, and advanced materials.Moreover, the nanotechnology market is expected to prosper by the end of the year 2021, and is anticipated to be accelerating at an exponential growth rate in the coming future.Impact of COVID-19 on several industries associated nanotechnology marketNanotechnology offers potential opportunities for the medical & healthcare sector.Medical professionals are taking advantage of these features to develop and treat the COVID-19-infected patients.In addition, the pharmaceutical nanotechnology market emphasizes on the development of nanostructures that promote innovative drug delivery systems as therapeutic alternatives to different pathologies.In addition, the United States Federal Government leads the world in nanotechnology R funding.NNI has already made valuable contributions to the development of nanotechnology.
Introduction of a new exchange technology, and offering incentives to banks drive the growth of the Armenia stock market.Whereas, immature capital markets and lack of private equity, and decline in public stock market impede the market growth.On the other hand, cooperation in the Armenia market is expected to offer new opportunities to the market.As per the report published by Allied Market Research, the Armenia stock market generated $5,601,849,231.9 in 2017, and is anticipated to reach $11,497,532,470.0 by 2026, registering at a CAGR of 8.0% from 2019 to 2026.The report offers a comprehensive analysis of the Industry dynamics, key market segments, market trends and estimations, top investment pockets, and competitive landscape.Read Full Article: https://bit.ly/33glikT The Armenia stock market segmentation includes type and issuer type.Based on type, the market is divided into equity, corporate bonds, government bonds, REPO, foreign exchange, and auctions.The auctions segment held the largest market share in the Armenia stock market, accounting for nearly 97.3% of the total market share in 2018, and is expected to maintain its lead position throughout the forecast period.
Surge in demand for products manufactured using smart glass in the construction sector and its influence on the automobile industry coupled with rigorous government regulations to control risk-oriented incidents have boosted the growth of the global smart windows market.However, lack of awareness on long-term benefits hampers the market growth.On the contrary, lowing prices of advance materials is expected to create lucrative opportunities in the near future.According to the report, the global smart windows industry was pegged at $4.22 billion in 2019, and is projected to reach $8.97 billion by 2026, growing at a CAGR of 11.4% from 2019 to 2026.OLED glass segment dominated the marketBy type, the OLED glass segment held the largest share in 2019, accounting for more than two-thirds of the market, owing to its various advantages over conventional display technologies such as being light in weight and its flexibility.However, the self-repairing segment is expected to register the highest CAGR of 14.7% during the forecast period, due to its application in harsh environments such as industrial, automotive, construction, and manufacturing.Read Full Article: https://bit.ly/3cUSf9T Commercial segment to portray the fastest CAGR through 2026The commercial segment is expected to manifest the fastest CAGR of 14.0% from 2019 to 2026, due to the high adoption of intelligent solutions in the commercial sector to operate automatically and conserve energy and reducing human efforts.However, the transport segment held the largest share in 2019, contributing to nearly half of the market.This is due to increase in demand for smart windows in commercial vehicles, trains, passenger vehicles.North America region held the lion's shareThe market across North America accounted for the largest share in 2019, holding nearly one-third of the total revenue.
Optimum usage of vertical space & energy utilization, ease in monitoring and harvesting of crops, and limited availability of arable land for carrying out traditional agriculture drive the growth of the global vertical farming market.On the other hand, rise in urban population and surge in prominence of organic foods create new opportunities in the industry.According to the report, the global vertical farming industry accounted for $2.23 billion in 2018, and is expected to garner $12.77 billion by 2026, registering a CAGR of 24.6% from 2019 to 2026.The building-based vertical farms segment to maintain its dominant position by 2026Based on structure, the building-based vertical farms segment contributed for the highest market share in the global vertical farming market in 2018, accounting for nearly three-fifths of the total share, and is expected to maintain its dominant position during the forecast period.This is due to rise in urban population, shortage of arable land, and rapid surge in the adoption of novel food production techniques.However, the shipping container based vertical farms segment is expected to grow at the highest rate with a CAGR of 28.1% from 2019 to 2026, owing to less cost and time required for construction as compared to conventional agriculture.Read Full Article: https://bit.ly/3kUqnFt The hydroponics segment to maintain its lead during the forecast periodBased on growth mechanism, the hydroponics segment held around two-fifths of the total market share of the global vertical farming market in 2018, and will maintain its leadership status during the forecast period.This is due to increase in prominence owing to its ability to manufacture more nutritious eatables in less space along with reduction of the cost associated with maintenance and labors.Moreover, it can avoid usage of animal excreta that makes this process cleaner.On the other hand, the aeroponics segment is estimated to register the highest CAGR of 25.6% from 2019 to 2026, owing to reduced waste generation, labor cost, and minimal water requirement for producing fruits and vegetables.
High speed and low latency of the cable, high reliability and low-security threats, and features like easy installation and connectivity have boosted the growth of the global ethernet cable market.However, high installation cost and limited physical availability of devices hamper the market.On the contrary, rise in demand for power over ethernet in industries is expected to create lucrative opportunities in the near future.According to the report, the global ethernet cable industry was pegged at $7.60 billion in 2018 and is projected to reach $21.36 billion by 2026, registering a CAGR of 13.5% from 2019 to 2026.The copper cable segment dominated the marketBased on type, the copper cable segment held the largest share in 2018, contributing to more than half of the global ethernet cable market, owing to its robust design, ease of availability, and economical deployment.However, the fiber optic cable segment is projected to register the fastest CAGR of 18.3% during the forecast period, due to its ability to fast transfer of data.Read Full Article: https://bit.ly/3mWLEA1 The industrial segment to manifest the fastest growth through 2026By application, the industrial segment is expected to portray the fastest CAGR of 13.1% during the forecast period, due to growth in industrial sector demands ethernet cable deployment at working sites.Moreover, the commercial segment held the largest share in 2018, accounting for nearly half of the global ethernet cable market, owing to the developed commercial sector among various countries around the globe.The report includes an in-depth analysis of the segments such as residential and commercial.North America region held the lion's shareThe global ethernet cable market across North America held the largest share in 2018, accounting for more than one-third of the total revenue, due to technologically developed infrastructure and construction of data centers in the region.
Rising demand for street lighting systems, increasing need for energy-efficient lighting systems, and high penetration of LED bulbs and lightning drive the growth of the global smart lighting market.However, high installation and maintenance cost in smart lightning system hampers the market growth.On the contrary, advent of IoT and AI technology for smart lightning and developments in smart city projects in Asia-Pacific region are expected to create lucrative opportunities in the near future.According to the report, the global smart lighting industry was pegged at $8.68 billion in 2018 and projected to $38.68 billion by 2026, registering a CAGR of 20.5% from 2019 to 2026.The hardware segment dominated the marketThe hardware segment held the largest share in 2018, contributing to nearly three-fourths of the global smart lighting market, owing to rise in use of multiple devices within a premise for automation of lighting control that demands the use of hardware.However, the software segment is projected to register the fastest CAGR of 23.5% during the forecast period, owing to advancements of software that control the hardware.The LED lighting technology segment to manifest fastest growth through 2026The LED lighting technology segment is expected to portray the fastest CAGR of 23.4% during the forecast period.Moreover, the segment held the largest share in 2018, contributing to more than two-fifths of the global smart lighting market, owing to rise in penetration of LEDs in residential, commercial, and industrial sectors coupled with advancement of LEDs.The report includes analysis of other segments such as Halogen, incandescent, fluorescent, and CFL.Read Full Article: https://www.alliedmarketresearch.com/smart-lighting-market The Indoor lighting segment held the largest shareThe indoor lighting segment accounted for the largest share in 2018, contributing to more than two-thirds of the global smart lighting market, owing to adoption of smart infrastructure in developed and developing countries within homes, retail stores, offices, and other premises.
High demand for cost-effective & energy-saving LED lighting, government campaign toward LED adoption, and surge in need to replace traditional lighting have boosted the growth of the global industrial LED market.However, voltage sensitivity & temperature dependence, and high initial cost of LEDs hamper the market growth.On the contrary, surge in adoption of smart lighting technology is expected to create lucrative opportunities in the near future.According to the report, the global industrial LED industry was pegged at $5.57 billion in 2018, and is projected to garner $20.16 billion by 2026, growing at a CAGR of 16.8% from 2019 – 2026.The LED lamps segment dominated the marketBased on product, the LED lamps segment held the largest share in 2018, accounting for more than half of the global industrial LED market, owing to the increased demand for LED lamps and rapid development of smart cities.However, the LED fixtures segment is projected to register the highest CAGR of 19.0% during the forecast period.This is due to features such as longest life rating, best visual lighting, and rise in demand for the LED fixture.Read Full Article: https://www.alliedmarketresearch.com/industrial-led-market-A06054 The outdoor lighting segment to manifest the fastest CAGR through 2026Based on application, the outdoor lighting segment is anticipated to portray the fastest CAGR of 18.2% during the forecast period, owing to surge in need for longer service life of light panel/bulbs along with brighter light in outdoor applications.However, the indoor lighting segment held the largest share in 2018, accounting for nearly three-fourths of the global industrial LED market, owing to the features such as flexible design, energy efficiency, and prolonged durability of LEDs.Asia-Pacific, followed by Europe and North America, held the lion's shareThe market across Asia-Pacific held the largest share in 2018, contributing to nearly two-fifths of the market.
Growing trend toward the Internet of Things, robust demand for smart sensors in the automobile sector, and growth in demand for smart sensors in the development of smart cities have boosted the growth of the global smart sensor market.However, incorporating smart sensors in devices reduces the life of the devices, which hampers the market growth.On the contrary, rise in adoption of wearable devices and innovative applications in the biomedical sector are expected to create lucrative opportunities in the near future.The global smart sensor market was pegged at $37.12 billion in 2019, and is projected to reach $143.65 billion by 2027, growing at a CAGR of 18.6% from 2020 to 2027.The report provides an extensive analysis of changing market dynamics, market size & projections, top investment pockets, major segments, and competitive landscape.The global smart sensor market is segmented on the basis of type, end use, and geography.Based on type, the market is categorized into touch sensor, image sensor, temperature sensor, motion sensor, position sensor, gas sensor, light sensor, pressure sensor, and others.The image sensor segment held the largest share in 2019, accounting for around one-fifth of the market.
Convenience & flexibility, higher interest rates offered as compared to traditional banks, and favorable regulatory scenario drive the growth of the global neo and challenger bank market.However, challenges related to profitability for digital banks hinder the market growth.On the other hand, rise in penetration of internet and smartphones along with untapped potential in developing nations create new opportunities in the coming years.According to the report published by Allied Market Research, the global neo and challenger bank market generated $20.4 billion in 2019, and is estimated to reach $471.0 billion by 2027, registering a CAGR of 48.1% from 2020 to 2027.The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenario.Covid-19 scenario:During the coronavirus pandemic, the revenue generated from interchange fees for neo and challenger banks will be reduced for few months, however, will rebound quickly.Depositors who seek more safety during the economic turbulence do no favor neo banks, and been transferring their deposits to traditional and major banks, according to the Federal Reserve.Neo and challenger banks have been rolling out contactless cards to curb the transmission of coronavirus.The report offers a detailed segmentation of the global neo and challenger bank market based on service type, end user, and region.Based on service type, the loans segment contributed to the largest share in 2019, accounting for nearly one-third of the total share, and is estimated to maintain its dominant position during the forecast period.However, the payment & money transfer segment is expected to register the highest CAGR of 49.7% from 2020 to 2027.Read Full Article: https://www.alliedmarketresearch.com/neo-and-challenger-bank-market Based on end user, the business segment accounted for the largest share in 2019, holding nearly three-fifths of the total share, and is expected to maintain the largest share throughout the forecast period.
Rise in demand for high-tech vehicles, higher penetration rate of head-up displays in the aerospace and defense sector, demand for safety features in automobiles, and challenging driving conditions drive the growth of the global head-up display market.However, its high cost hampers the market.On the contrary, advancements in AR technology and emergence of new applications are expected to create lucrative opportunities for the market players.As per the report, the global head-up display (HUD) industry was pegged at $6.07 billion in 2019, and is expected to reach $19.11 billion by 2027, growing at a 20.1% CAGR from 2020 to 2027.COVID-19 scenario:As the majority of countries are still in lockdown, the demand for HUD and other display technologies is decreased.Most of the manufacturing companies are not working up to their full potential, which negatively impacts the market.Most of the raw materials and raw materials for HUD are manufactured in China.However, the ban on import-export with Chinaimposed by China have hampered the market.The combiner-based segment dominated the marketBy type, the combiner-based segment held the largest share in 2019, accounting for more than half of the global head-up display market, owing to higher penetration rate of head-up displays in the aerospace and defense sector.However, the windshield-based segment is expected to register the highest CAGR of 22.8% from 2020 to 2027, due to the development of augmented reality technology.Read Full News: https://www.alliedmarketresearch.com/head-up-display-market The aerospace segment to manifest the highest CAGR through 2027By end user, the aerospace segment is expected to portray the highest CAGR of 24.2% during the forecast period, owing to increasing adoption of head-up displays by commercial and business aircraft.However, the automotive segment held the largest share in 2019, contributing to around three-fourths of the global head-up display market, enhanced safety features of premium vehicles.Europe, followed by North America, held the lion's shareBy region, the global head-up display market across Europe, followed by North America, held the lion's share in 2019, accounting for nearly two-fifths of the market.
Increase in mobile applications across the globe and rise in the need to track & manage income of consumers drive the global personal finance software market.However, security and compliance issues in personal finance software and availability of open-source finance software hinder the market growth.On the contrary, rapid adoption of personal finance software across the developing countries is expected to create lucrative opportunities for the market players in the coming years.The global personal finance software market was pegged at $1.02 billion in 2019, and is expected to reach $1.57 billion by 2027, growing at a CAGR of 5.7% from 2020 to 2027.Covid-19 scenario:During such uncertain times, there is a significant increase in demand for personal finance software to manage bank accounts, investments, expenditure, and credit cards on a personal computer and smartphone.However, the spike in unemployment across the globe have negatively affected the market.The global personal finance software market is divided on the basis of product type, end user, and geography.Based on product type, the market is segmented into web-based software and mobile-based software.The web-based software segment held the largest share in 2019, accounting for more than half of the market.However, the mobile-based software segment is expected to manifest the highest CAGR of 6.4% during the forecast period.Read Full News: https://www.alliedmarketresearch.com/personal-finance-software-market On the basis of end user, the market is classified into small business and individual.
Growing demand for smart consumer electronics, emerging trends in automotive industry, and rise in popularity in IoT have boosted the growth of the global MEMS sensor market.However, lack of standardized fabrication process for MEMS and reduction in life of device after incorporating the sensor in devices hamper the market growth.On the contrary, the emerging trends toward autonomous vehicles, rise in adoption of wearable devices and innovative application in biomedical sectors are expected to create lucrative opportunities in the near future.According to the report, the global MEMS sensor industry accounted for $25.7 million in 2018 and is projected to reach $60.6 million by 2026, registering a CAGR of 10.4% from 2019 to 2026.The optical sensor segment held the lion's shareThe optical sensor segment held the largest share in 2018, contributing more than one-fourth of the global MEMS sensor market, owing to rising demand for advanced features in smartphones and smart accessories such as on-screen fingerprint scanner, medical devices that detect dengue and coherence tomography.However, the environment sensor segment is projected to register the fastest CAGR of 12.6% during the forecast period, owing to increase in environmental regulation in order to reduce air pollution and growing safety concerns.Read Full News: https://www.alliedmarketresearch.com/microelectromechanical-system-sensor-market The healthcare segment to portray the fastest growth through 2026The healthcare segment is expected to manifest the fastest CAGR of 13.5% during the study period, owing to surge in initiative by government in developed countries, rise in need for automated equipment to perform critical surgeries, and increase in trend of home-based digital healthcare equipment.However, the consumer electronics segment held the largest share in 2018, accounting nearly one-fourths of the global MEMS sensor market, as penetration of MEMS sensor is high in consumer electronics.Asia-Pacific dominated the market, followed by North AmericaThe global MEMS sensor market across Asia-Pacific region dominated the market in 2018, contributing around half of the market and is anticipated to maintain its dominance throughout the forecast period.Moreover, the region is expected to register the fastest CAGR of 11.4% through 2026, owing to an increase in population and rapid adoption of enhance technologies in various industries such as consumer electronics, manufacturing industry, infrastructure.Major market playersRobert Bosch GmbHPanasonic CorporationSTMicroelectronics N.V.Analog Devices Inc.Texas InstrumentsDenso CorporationHP Inc.BroadcomNXP SemiconductorsKnowles Corporation
Rise in demand for automation, availability of affordable and energy-efficient industrial cobots, and surge in investment in R activities augment the growth of the global industrial cobot market.On the other hand, growing robot installation in various industry verticals across the globe offers multiple opportunities to the market players.According to the report, the global industrial cobot industry garnered $0.65 billion in 2018, and is projected to garner $12.48 billion by 2026, witnessing a CAGR of 44.8% from 2019 to 2026.The material handling segment to dominate the market-Based on application, the material handling segment accounted for nearly one-third of the total share of the global industrial cobot market in 2018, and is estimated to witness its largest share in terms of revenue throughout the forecast period.The cobots are used to ease material handling for various processes including manufacturing, warehousing, distribution, consumption, and disposal, automate.However, the value-added processing segment is expected to portray the largest CAGR of 47.0% from 2019 to 2026.Value-added processing plays a vital role as it is helpful in handling high-volume operations and provides better quality, consistency, maximum productivity, safety, and reduced labor costs, which drive the growth of the segment.Read Full News: https://www.alliedmarketresearch.com/industrial-cobot-market-A06074 The automotive segment to maintain its leadership status until 2026-Based on end-user, the automotive segment accounted for the largest market share with nearly one-third of the total share in 2018, and is estimated to maintain its lead position throughout the forecast period.An increase in several automakers such as SMEs, as it is deploying industrial cobots to assist human workforce in their workshops as these robots are smaller, smarter, more affordable, user-friendly and provide flexible automatic solutions for vehicle manufacturer, drives the growth of the segment.
Rise in popularity of video game streaming devices and surge in demand for live streamed content drive the growth of the global streaming devices market.However, limitation of bandwidth restrains the growth to some extent.On the other hand, growing need for advanced technologies in video platforms to improve video quality would create new opportunities in the coming years.According to the report, the global streaming devices market size was valued at $8.00 billion in 2018 and is estimated to reach $18.97 billion by 2027, growing at CAGR of 13.2% from 2020 to 2027.COVID-19 scenario-COVID-19 has accelerated the growth of streaming services.Also, the supply chain disruption have caused a major impact.However, the market has witnessed an increase in the demand for devices.Furthermore, the government in various regions have issued relaxations on regulations, thereby allowing the companies to restart device manufacturing processes.The television (TV) segment to dominate the market throughout the forecast period-Based on application, the television (TV) segment contributed to the largest market share in 2019, holding for nearly half of the global streaming devices market, and is expected to continue to dominate in terms of revenue throughout the forecast period.In addition, the segment is estimated to maintain the highest CAGR of 14.20% from 2020 to 2027.
High demand for cost-effective & energy-saving OLED Lighting, surge in government initiatives for OLED adoption, and rise of display and large screen backlight industry drive the growth of the global organic LED market.However, high costs involved and limitations related to implementation of technology hinder the market growth.Contrarily, surge in demand for eco-friendly solutions and adoption of smart lighting system create new opportunities in coming years.The global organic LED market generated $32.46 billion in 2019, and is estimated to reach $203.06 billion by 2027, growing at a CAGR of 21.7% from 2020 to 2027.The report offers a detailed analysis of changing market trends, market size & estimations, top winning strategies, major segments, and business performance.Based on product type, the display segment accounted for more than 90% of the total share in 2019, and is expected to maintain its lion’s share based on revenue throughout the forecast period.However, the lighting segment is expected to portray the highest CAGR of 28.4% from 2020 to 2027.Read Full News: https://www.alliedmarketresearch.com/organic-oled-market Based on technology, the PMOLED segment contributed to the highest market share with nearly one-fourth of the total market share in 2019, and is projected to continue its leadership position throughout the forecast period.On the other hand, the foldable OLED segment is estimated to portray the highest CAGR of 27.0% from 2020 to 2027.
Increase in penetration of LED bulbs and lightings globally and rise in government initiatives toward energy saving measures fuel the growth of the global intelligent lighting controls market.However, emerging smart city projects in developing economies and growing inclination toward energy-efficient lighting solutions are expected to create multiple opportunities in the industry.According to the report, the global intelligent lighting controls industry was estimated at $7.49 billion in 2019, and is expected to hit $26.06 billion by 2027, registering a CAGR of 17.4% from 2020 to 2027.COVID-19 scenario-The outbreak of the pandemic has impacted the global intelligent lighting controls market badly.The global lockdown has led to significant decline in the demand for lighting strictures among the end-users.Many companies are reporting difficulties in obtaining raw materials due to a number of reasons such as late deliveries and shortage of shipping capacity.However, with several government bodies imposing relaxations on the existing regulations, the market is expected to gradually recoup its position in terms of revenue.The sensors segment to lead the trail by 2027-Based on type, the sensors segment contributed to around one-fifth of the global intelligent lighting controls market revenue in 2019, and is expected to lead the trail by the end of 2027.The same segment is also projected to register the fastest CAGR of 20.4% during the estimated period.Rapid development of smart sensors fuels the growth of the segment.Read Full News: https://www.alliedmarketresearch.com/intelligent-lighting-controls-market The wired segment to maintain the lion's share-Based on connectivity type, the wired segment accounted for around three-fourths of the global intelligent lighting controls market share in 2019, and is anticipated to rule the roost throughout the forecast period.
Rise in digital initiatives for crop insurance and supportive government initiatives such as subsidies drive the growth of the global crop insurance market.On the other hand, untapped potential in emerging countries and expansion of services create new opportunities in the coming years.According to the report, the global crop insurance industry generated $34.05 billion in 2019, and is estimated to generate $53.02 billion by 2027, registering a CAGR of 6.1% from 2020 to 2027.Covid-19 ScenarioThe demand for crop insurance has grown during the Covid-19 pandemic due to disrupted supply chain and impact on crop revenue in major countries such as India and Brazil.Owing to the scarcity of laborers for harvesting and other activities, the crop production activities have been hampered, which in turn, raised the need for crop insurance.The need for reformation of a regulatory framework to overcome challenges faced by insurers and policy adopters has arisen during the pandemic.Policymakers have focused their efforts on the reformations.Read Full News: https://www.alliedmarketresearch.com/crop-insurance-market-A06791 The multiple peril crop insurance (MPCI) segment to maintain its leadership status by 2027Based on coverage, the multiple peril crop insurance (MPCI) segment contributed to the largest share in 2019, accounting for more than two-thirds of the global crop insurance market, and is projected to maintain its leadership status during the forecast period.Moreover, this segment is estimated to witness the highest CAGR of 7.1% from 2020 to 2027.This is due to its offering of a combination product along with perils covered by the standard loss of yield coverage under the crop insurance policy.The report also analyzes the crop-hail insurance segment.Based on distribution channel, the insurance companies segment accounted for nearly half of the global crop insurance market in 2019, and is expected to maintain its dominance during the forecast period.
Increase in demand for cash alternatives and availability of affordable and energy-efficient prepaid cards drive the growth of the global prepaid card market.However, lack of standardization and possibility of fraudulent attacks hinder the market growth.On the other hand, increase in unbanked and under banked population create new opportunities in the coming years.The global prepaid card market generated $1,847.96 billion in 2019, and is estimated to reach $5,510.87 billion by 2027, registering a CAGR of 14.9% from 2020 to 2027.The report offers an extensive analysis of changing analyst opinion, porter’s five analysis, business performance, key market players’ profile, and competitive landscape.Covid-19 scenario:During the coronavirus pandemic, the prepaid cards are gaining traction as it helps in carrying out payments without any physical contact in most of the cases, which in turn, helps to control spread of coronavirus.Though the prepaid cards are helpful during the coronavirus pandemic, the manufacturing operations and supply of new prepaid cards have been stopped to avoid social gathering.The report offers a detailed segmentation of the global prepaid card market based on card type, usage, end user, and region.Read Full News: https://www.alliedmarketresearch.com/prepaid-card-market Based on card type, the closed loop prepaid card segment contributed to the largest share in 2019, accounting for nearly three-fifths of the total share, and is estimated to maintain its dominant position during the forecast period.However, the open loop prepaid card segment is expected to register the highest CAGR of 16.3% from 2020 to 2027.Based on usage, the general purpose reloadable card segment accounted for the largest share in 2019, holding more than two-fifths of the total share, and is expected to maintain the largest share throughout the forecast period.However, the government benefits/disbursement card segment is estimated to portray the highest CAGR of 16.7% during the forecast period.Based on region, North America contributed the highest share, accounting for more than two-fifths of the total market share in 2019, and will maintain its dominance throughout the forecast period.
Surge in need for power management devices and rise in incorporation of power electronics components in electric vehicles drive the growth of the global power electronics market.However, complex processes of incorporation in advanced electronics devices hinder the market growth.Furthermore, increase in demand for plug-in electric vehicles (PEVs) is expected to create new growth opportunities for the market players.According to the report published by Allied Market Research, the global power electronics market generated $23.25 billion in 2019, and is estimated to reach $36.64 billion by 2027, registering a CAGR of 5.7% from 2020 to 2027.The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios.Covid-19 scenario:Several major market players have halted the production of power electronics devices amidst lockdown due the Covid-19 pandemic.There has been the supply shortage of raw materials such as silicon carbide and gallium nitride.The demand for power electronics is likely to decrease from the power industry.This is due to closure of most of the industrial units in which there has been huge demand for power.The report offers a detailed segmentation of the global power electronics market based on device type, material, application, end-user, and region.Read Full News: https://www.alliedmarketresearch.com/power-electronics-market Based on device type, the power module segment contributed to the largest share in 2019, accounting for nearly half of the total share, and is estimated to maintain its dominant position during the forecast period.
Rise in demand in automotive applications, increase in demand for renewable energy systems, and supportive government regulations drive the growth of the global supercapacitor market.However, high costs of raw materials and low awareness hinder the market growth.On the other hand, increase in the demand for supercapacitor in solar and wind energy applications creates new opportunities in the coming years.According to the report published by Allied Market Research, the global supercapacitor market generated $3.27 billion in 2019, and is estimated to reach $16.95 billion by 2027, registering a CAGR of 23.3% from 2020 to 2027.The report offers an extensive analysis of current market dynamics, top winning strategies, business performance, major market player’s analysis, and competitive landscape.Covid-19 scenario:During the coronavirus pandemic, the operational restrictions on the manufacturing activities would take place due to shortage of raw materials.Moreover, the demand for supercapacitors has been decreased during the Covid-19 pandemic due to the restrictions on activities in the automotive, industrial, and consumer electronics sectors.The report offers a detailed segmentation of the global supercapacitor market based on product type, module type, material, application, and region.Read Full News: https://www.alliedmarketresearch.com/supercapacitor-market Based on product type, the pseudocapacitors segment contributed to the largest share in 2019, accounting for nearly two-fifths of the total share, and is estimated to maintain its dominant position during the forecast period.However, the hybrid capacitors segment is expected to register the highest CAGR of 25.0% from 2020 to 2027.Based on module type, the 10 volts to 25 volts modules segment accounted for the largest share in 2019, holding nearly one-third of the total share, and is expected to maintain the largest share throughout the forecast period.However, the above 100 volts modules segment is estimated to portray the highest CAGR of 27.2% during the forecast period.Based on region, Asia-Pacific contributed the highest share, accounting for nearly half of the total market share in 2019, and will maintain its dominance throughout the forecast period.
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