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Tuesday, August 15, 2023

Global Contactless Biometrics Market Price, Share, Size, Trends, Growth, Report And Forecast 2023-2028

Contactless Biometrics Market Outlook

According to the report by Expert Market Research (EMR), the global contactless biometrics market share reached a value of approximately USD 18.8 billion in 2022. Aided by the growing demand for seamless and secure identity verification methods and the rising applications of contactless biometrics in various sectors, the market is projected to further grow at a CAGR of 16.40% between 2023 and 2028 to reach a value of USD 21.88 billion by 2028.

Contactless biometrics technologies, such as facial recognition, iris recognition, voice recognition, and fingerprint recognition, among others, have established a solid place in modern identification practices. Offering a non-contact, efficient, and secure method for verifying identities, these technologies have rapidly become a staple in a host of sectors, such as security, healthcare, finance, and more.

Contactless Biometrics Market

A key driver for the global contactless biometrics market growth is the increasing consumer preference for secure and efficient identity verification solutions. With an escalating awareness of security threats associated with traditional identification methods, there has been a notable shift toward more secure, contactless biometric alternatives. The COVID-19 pandemic has further raised the need for non-contact solutions, leading to an accelerated adoption of contactless biometrics.

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https://www.expertmarketresearch.com/reports/contactless-biometrics-market/requestsample

Furthermore, the widening applications of contactless biometrics across various sectors serve as another vital propellant for the contactless biometrics market development. The security sector employs these technologies extensively for purposes such as access control, surveillance, and identification. In healthcare, contactless biometrics facilitate patient identification, thus ensuring accurate medical records and mitigating the risk of medical errors. The finance sector relies on these technologies for secure transactions, which aid in fraud prevention and enhance customer experiences, thus increasing the contactless biometrics market demand.

The pressing demand for advanced security solutions in the era of smart cities and the Internet of Things (IoT) has brought contactless biometrics to the forefront. As the rise of smart infrastructure and the increasing interconnectivity of devices continue to shape our digital landscape, the need for robust, secure, and efficient identification methods has surged. As a result, contactless biometrics have become increasingly important for securing access to devices, networks, and facilities, thus bolstering the contactless biometrics market expansion.

Read Full Report with Table of Contents@
https://www.expertmarketresearch.com/reports/contactless-biometrics-market

Additionally, the rising demand for secure, convenient, and rapid identity verification solutions, coupled with technological advancements in Artificial Intelligence (AI) and machine learning, are set to provide continued impetus to the global contactless biometrics market.

Contactless Biometrics Market Segmentation

The market can be divided based on component, technology, application, end user, and region.

Market Breakup by Component

  • Hardware
  • Software
  • Services

Market Breakup by Technology

  • Contactless Fingerprint Technology
  • Facial Recognition
  • Iris Recognition
  • Palm Vein Recognition
  • Voice Recognition
  • Contactless Cards

Market Breakup by Application

  • Face
  • Fingerprint
  • Hand Geometry
  • Iris
  • Voice
  • Others

Market Breakup by End User

  • Government
  • BFSI
  • Consumer Electronics
  • Healthcare
  • Transport and Logistics
  • Defence and Security
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global contactless biometrics companies. Some of the major key players explored in the report by Expert Market Research are as follows:

  • Touchless Biometric Systems AG
  • IDEMIA SAS
  • Fujitsu Limited
  • NEC Corporation
  • HID Global Corporation
  • Blue Biometrics
  • FEITIAN Technologies Co., Ltd.
  • GateKeeper Proximity (Untethered Labs, Inc.)
  • Aware Inc.
  • Gemalto N.V.
  • Others

Read More Reports:

About Us:

Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.

Our high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today’s competitive market.

Don’t miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation’s future success by acquiring one of our Expert Market Research reports today.

Media Contact:

Company Name: Claight Corporation
Contact Person: George buttler, Corporate Sales Specialist – U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gloud Street, Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com

Thursday, February 2, 2023

Global Fraud Detection and Prevention Market Size to Grow at a CAGR of 23.30% in the Forecast Period of 2023-2028

The ‘Global Fraud Detection and Prevention Market Size, Share, Trends, Growth, Analysis, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global fraud detection and prevention market, assessing the market on the basis of its segments like solution, scale of end user, type of fraud, end user industry, and major regions.

The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.

The key highlights of the report include:

Market Overview (2018-2028)

• Historical Market Size (2022): USD 34.15 billion
• Forecast CAGR (2023-2028): 23.30%
• Forecast Market Size (2028): USD 120.01 billion

The increasing prevalence of fraudulent activities including money laundering, tax evasion, identity theft, internet frauds, merchant frauds, and cheating in insurance claims, among others, are propelling the demand for fraud detection and prevention services. In addition to this, the increasing awareness pertaining to frauds in enterprises, is further fuelling the global fraud detection and prevention market.

Get a Free Sample Report with Table of Contents@ https://www.expertmarketresearch.com/reports/fraud-detection-and-prevention-market/requestsample

Fraud detection and prevention services are witnessing a heightened demand in the BFSI sector, owing to the emergence of online transactions and e-banking services. The growing use of mobile banking applications is increasing the risk of high-end credit card and mobile fraud, loan fraud, SMS spoofing, and money mules, among others. Over the forecast period, the rapid digitalisation across the emerging economic nations is likely to fuel the chances of financial frauds, which are surging the demand for cloud-based fraud detection and prevention software.

Fraud Detection and Prevention Industry Definition and Major Segments

Fraud detection and prevention refers to a technique of preventing cheating or fraudulent transactions, through different tools and software. Fraud detection and prevention encompass a wide range of solutions including analytics, authentication, visualisation, and reporting. The increasing use of fraud detection and prevention services across industries such as healthcare and BFSI is driving the global fraud detection and prevention market.

Based on solution, the market is segmented into:

• Fraud Analytics
• Authentication
• Reporting
• Visualisation
• Governance, Risk, and Compliance (GRC) Solutions

On the basis of scale of end user, the market is classified into:

• Small Scale
• Medium Scale
• Large Scale

By type of fraud, the market is bifurcated into:

• Internal
• External

Based on major end use industry, the market is divided into:

• BFSI
• Retail
• IT and Telecom
• Healthcare
• Energy and Power
• Manufacturing
• Others

On the basis of region, the market can be categorised into:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Read Full Report with Table of Contents@ https://www.expertmarketresearch.com/reports/fraud-detection-and-prevention-market

Fraud Detection and Prevention Market Trends

The key trends in the global fraud detection and prevention market include technological advancements in the healthcare sector leading to an escalation of frauds such as double billing, identity theft of healthcare staff or patients, and phantom billing. The surging usage of the internet and increasing adoption of smart gadgets, such as smartphones and laptops, is likely to be a major market propelling trend which is escalating the risk of fraudulent practices. As more business activities use internet for critical operations, there is a greater risk of fraud, increasing the need for adequate fraud detection and prevention.

Incorporation of new technologies such as artificial intelligence (AI) and machine learning (ML) are key trends in the fraud detection and prevention market. AI and ML are increasingly used to setup smart systems for fraud detection and prevention that are tailored to the specific company, its industry, and the risks the company faces. Through AI and ML, the fraud detection and prevention solutions improve over time, increasing the effectiveness of the solutions.

In geographical terms, North America is anticipated to witness a strong hold in the fraud detection and prevention market which is being driven by the presence of major technology providers in this region. The widespread usage of internet services and affordability of fraud detection and prevention services are further providing impetus to the regional market.

Key Market Players

The major players in the fraud detection and prevention market report are SAP SE, IBM Corporation, SAS Institute Inc., Oracle Corporation, and ACI Worldwide Inc., among others.

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skillful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

Media Contact :

Company Name: Claight Corporation
Contact Person: James Williams, Corporate Sales Specialist – U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gloud Street, Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com

Wednesday, February 1, 2023

Global Automatic Tube Cleaning System Market Size To Grow At A CAGR Of 4.5% In The Forecast Period Of 2023-2028

The ‘Global Automatic Tube Cleaning System Market Price, Size, Share, Trends, Growth, Analysis, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global automatic tube cleaning system market, assessing the market on the basis of its segments like type, application, industry, and major regions.

The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.


Automatic Tube Cleaning System Market Share, Size, Trends, Industry Report, Key Player, Major Segments, and Forecast

The key highlights of the report include:

Market Overview (2018-2028)

• Forecast CAGR (2023-2028): 4.5%

The increasing installation of automatic tube cleaning systems across industrial facilities, to increase the annual power generation, bolster efficiency, and increase the availability period of the plant, is driving the market numbers. In addition, an automatic tube cleaning system is eco-friendly, cost-effective, and capable of oxidising and removing corrosive elements, which is heightening their demand across industrial facilities, leading to a greater growth of the automatic tube cleaning system market.

Get a Free Sample Report with Table of Contents@ https://www.expertmarketresearch.com/reports/automatic-tube-cleaning-system-market/requestsample

The increasing application of HVAC systems, across commercial and residential sectors, is further escalating the demand for automatic tube cleaning systems to facilitate energy savings. In addition, automatic tube cleaning systems restore the efficiency of chillers which may become decreased because of fouling. Over the forecast period, the anticipated increase in living standards and rapid urbanisation across the emerging economies are expected to fuel the installation of automatic tube cleaning systems.

The rising application of automatic tube cleaning systems in oil refineries to keep heat exchangers from scaling or fouling is further accelerating the automatic tube cleaning system market growth. Moreover, the heightened deployment of automatic tube cleaning systems in pharmaceutical plants, hotel chains, hospitals, and various commercial units, are another crucial market bolstering factor.

Automatic Tube Cleaning System Industry Definition and Major Segments

An automatic tube cleaning system is defined as a system which is designed to clean, sanitise, and maintain pipes, condensers, and heat exchangers, deployed across various end use sectors. This system runs softballs on pre-set time cycles and eradicates toxic contaminants and residues. It makes the tube components efficient at the time of full capacity working.

Read Full Report with Table of Contents@ https://www.expertmarketresearch.com/reports/automatic-tube-cleaning-system-market

Based on type, the market is bifurcated into:

• Automatic Ball Tube Cleaning System
• Automatic Brush Tube Cleaning System

On the basis of application, the market is divided into:

• Condenser
• Chiller
• Boiler
• Others

By industry, the market is segmented into:

• Power Generation
• Oil and Gas
• Commercial Space
• Hospitality
• Others

On the basis of region, the market is categorised into:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Automatic Tube Cleaning System Market Trends

The key trends in the global automatic tube cleaning system market include the increasing product innovations and advancements being carried out by the major market players. Modern automatic tube cleaning systems are incorporated with automatic on-line cleaning systems, eliminated condenser downtime, customisable cleaning periods, and excellent accuracy during the cleaning process.

Growing demand for power across developing economic nations is leading to a heightened deployment of automatic tube cleaning systems in power generation plants in order to boost efficiency and increase the operational flow, which is another crucial automatic tube cleaning system market propelling factor.

In geographical terms, Asia Pacific is expected to witness a steady growth, which is being driven by the growing collaborations and partnerships between HVAC and automatic tube cleaning system manufacturing companies, in emerging economies such as India. The large number of conventional power generation plants across both China and India are further fuelling the demand for automatic tube cleaning systems in the region.

Key Market Players

The major players in the automatic tube cleaning system market report are

  • Trane Technologies plc
  • Innovas Technologies, LLC
  • Ovivo, Inc.
  • AHI Carrier FZC (AHIC)
  • WSA Engineered Systems
  • CET Enviro Pvt Ltd
  • Others

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

Read more:

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About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

Media Contact

Company Name: Claight Corporation
Contact Person: Ana John, Business Consultant
Email: sales@expertmarketresearch.com
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com

Global Customer Data Platform Market Size To Grow At A CAGR Of 21.6% In The Forecast Period Of 2023-2028

The ‘Global Customer Data Platform Market Size, Share, Price, Trends, Growth, Analysis, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global customer data platform market, assessing the market on the basis of its segments like component, deployment mode, organisation size, application, vertical, and major regions.

The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.



Customer Data Platform Market Share, Size, Price, Growth, Trends, Industry Report, Key Player, Major Segments and Forecast

The key highlights of the report include:

Market Overview (2018-2028)

• Forecast CAGR (2023-2028): 21.6% 

Increasing investments and expenditure by enterprises on marketing and advertisements is expected to drive the customer data platform market growth. Heightening demand for understanding buying behaviour of the consumers across various industries is expected to fuel market growth. Real time data analysis and personalised data analysis offered by customer data platforms are further increasing their demand and usefulness for end users.

Get a Free Sample Report with Table of Contents: https://www.expertmarketresearch.com/reports/customer-data-platform-market/requestsample

Customer data platforms are witnessing a significant demand because of their ability to provide insights on customers and their preferences based on collected data, ultimately helping organisations engage customers and create improved customer experience strategies. Account-based marketing among various enterprises is also gaining popularity and is being widely adopted by a large number of people.

Organisations are becoming more aware about the need to offer customers a positive shopping experience and the importance of customer satisfaction. In achieving this, many turn to customer data platforms, leading to a growing demand for the customer data platform market. COVID-19 played an important role in propelling the demand for customer data platforms by encouraging various sectors from retail and eCommerce to healthcare and BFSI to optimise their online presence in order to continue increasing sales and customer volumes.

Customer Data Platform Industry Definition and Major Segments

A customer data platform is a type of a software platform that collects and unifies comprehensive customer data from various sources in order to manage, analyse, and track customer behaviour and interactions. This data helps organisations in creating personalised and targeted marketing campaigns and improve customer relationships, helping in their long-term growth.

Read Full Report with Table of Contents: https://www.expertmarketresearch.com/reports/customer-data-platform-market

Based on component, the market is bifurcated into:

• Platform
• Services

On the basis of deployment mode, the market is classified into:

• On Premises
• Cloud

Based on organisation size, the market is classified into:

• Large Enterprises
• Small and Medium Enterprises (SMEs)

On the basis of application, the market is divided into:

• Personalised Recommendations
• Predictive Analytics
• Marketing Data Segmentation
• Customer Retention and Engagement
• Security Management
• Others

Based on vertical, the market is categorised into:

• BFSI
• Retail and eCommerce
• Media and Entertainment
• Travel and Hospitality
• Telecom and IT
• Healthcare
• Others

On the basis of region, the market is segmented into:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Customer Data Platform Market Trends

The key trends in the global customer data platform market include the changing landscape of customer preferences, development of automated smart machines, and proliferation of customer data. Development of new products, customers, competitors, and services is influencing the preferences and behaviour of consumers. Thus, to keep up with changes in customers and their buying patterns, organisations are rethinking their customer ecosystems.

The growing eCommerce market worldwide is also assessed to support the customer data platform market. As opening eCommerce websites becomes easier and more consumers shop online, greater competition is likely to be witnessed. When shopping on online modes, order processing is mostly completed by automated systems rather than individuals.

With massive volumes of customers, it can be difficult for organisations to understand and remember individual consumers. In such situations, customer data platform are increasingly used for people-based marketing, cross channel real time engagement capability, data unification, and identification of consumer trends.

North America is expected to account for a large share in the customer data platform market because of rising technological advancements in the region and greater acceptance of new platforms. Presence of a large number of market players and increasing investments towards improved customer data platforms are also fuelling the growth of the market.

Key Market Players

The major players in the global customer data platform market report are

  • Oracle Corporation
  • SAP SE
  • Adobe Inc.
  • Microsoft Corporation
  • SAS Institute Inc
  • Others

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

Read more:

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About Us:


Expert Market Research (EMR)
 is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.


EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.


Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.


Media Contact

Company Name: Claight Corporation
Contact Person: Ana John, Business Consultant
Email: sales@expertmarketresearch.com
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com

Global Automated Sample Storage System Market Predicted To Increase At A CAGR Of 13.8% During The Forecast Period Of 2023-2028

The ‘Global Automated Sample Storage System Market Size, Share, Price, Trends, Growth, Analysis, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global automated sample storage system market, assessing the market based on its segments like product types, applications, end-uses, and major regions.

The report studies the latest updates in the market, along with their impact across the market. It also analyzes the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.


Automated Sample Storage Systems Market Share, Size, Price, Growth, Trends, Industry Report, Key Player, Major Segments and Forecast

The key highlights of the report include:

Market Overview (2018-2028)

• Forecast CAGR (2023-2027): 13.8%

The sample storage system is important for all types of laboratories, industrial facilities, and research institutions. However, manual storage frequently leads to haphazard sample storage and overcrowding, which causes deterioration of the sample and mismanagement.

Manual storage options can be time-consuming and costly because they need a lot of physical labour to handle a lot of samples. As a result, the use of automated sample storage systems surged due to their ability to store and collect samples quickly and efficiently. Additionally, automated systems enable users to increase their savings as they are more space-efficient compared to manual storage.

Get a Free Sample Report with Table of Contents: https://www.expertmarketresearch.com/reports/automated-sample-storage-systems-market/requestsample

Moreover, with technological advancements, such as automated barcode scanning and monitored environmental controls, the automatic sample storage solutions were able to decrease handling and placement mistakes while reducing the danger of sample deterioration and contamination.

Automated Sample Storage Systems Industry Definition and Major Segments

The automated sample storage system refers to an automation system that is utilised for the preservation and storage of biological and chemical compound samples, which are employed in multiple varieties of sectors and applications, including chemical, pharmaceutical, and biotechnology.

Read Full Report with Table of Contents: https://www.expertmarketresearch.com/reports/automated-sample-storage-systems-market

The exposure of samples to temperature change is reduced by automating the biospecimen storage and retrieval procedure.

The segments of the market, based on product type, include:

• System Units
• Reagents and Consumables

Based on application, the market segments include:

• Biological Sample
• Chemical Compound Sample
• Others

Based on the end-use, the market divisions include:

• Pharmaceutical and Biological Companies
• Academic and Research Institutions
• Private Biobanks
• Others

Based on region, the market for automated sample storage systems can be segmented into:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Automated Sample Storage Systems Market Trends

Research and development efforts have increased in the pharmaceutical industry as governments around the world increase their focus on the development of new drug compounds. The increasing emphasis on research and development to test and introduce new novel medication compounds is especially strong after the COVID-19 pandemic.

Region-wise, North America is expected to hold a leading position in the market owing to developed healthcare infrastructure, technologically advanced products, and a robust supply network.

The expansion of the automated sample storage market in North America is being supported by the presence of leading global biobanks and research facilities. The need for new systems is being fueled by ongoing research and development projects.

Moreover, due to the presence of major players in the pharmaceutical industry, the sector is growing rapidly which further propels the demand for advanced technologies to support the development.

Key Market Players

The major players in the automated sample storage system market report are

  • Thermo Fisher Scientific Inc.
  • Hamilton Bonaduz AG
  • SPT Labtech Ltd
  • Angelantoni Life Science Srl
  • LiCONiC AG
  • Azenta Life Sciences
  • Others

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

Media Contact

Company Name: Claight Corporation
Contact Person: Ana John, Business Consultant
Email: sales@expertmarketresearch.com
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com

Thursday, November 24, 2022

Global Hydrostatic Transmission Market Size To Grow At A CAGR Of 4.8% In The Forecast Period Of 2022-2027

Hydrostatic Transmission Market

The ‘Global Hydrostatic Transmission Market Size, Report and Forecast 2022-2027’ by Expert Market Research gives an extensive outlook of the global hydrostatic transmission market, assessing the market on the basis of its segments like capacity type, operation, end use, and major regions.

Hydrostatic Transmission Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast

The key highlights of the report include:

Market Overview (2017-2027)

• Forecast CAGR (2022-2027): 4.8%

Report AttributeDetails
Historical Period2018-2022
Forecast Period2023-2028
Base Year2022
Growth Rate CAGR4.8%
Major PlayersParker Hannifin Corp, Dana Incorporated, Eaton Corporation plc, Komatsu America Corp.,
Kawasaki Heavy Industries, Ltd., and Tuff Torq Corporation, among others.

The global hydrostatic transmission market is expected to register growth during the forecast period on account of the growth of the agricultural, transportation, and construction industries. Hydrostatic transmission systems help in the operations of power generation systems, wind turbine generators, railway vehicles, engine generators, and ships, among others. Over the past few years, the demand for large-capacity hydrostatic transmission has been driving significant market growth across the globe.

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The surging demand for hydrostatic transmission across industries is expected to support the growth of the hydrostatic transmission market all over the world in the upcoming years. The growing adoption of mid-size heavy-duty machines and equipment with hydrostatic transmission is expected to gain momentum in the market growth of hydrostatic transmission.

The rising investments in tractors and agricultural mechanisation across various regions across the world are further expected to support the market growth of hydrostatic transmission. With the growing agricultural industry and emerging farms, the demand for upgraded and modern tractors is increasing.

Hydrostatic Transmission Industry Definition and Major Segments

A hydrostatic transmission is a hydraulic system where the hydraulic accumulator or pump drives the motor, using fluid that is passed through flexible hoses. Gears are not required to transform the rotating mechanical energy from one source to another, as the pump and motor are fixed, and hydrostatic transmission itself acts as a gearbox.

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Based on capacity type, the market is segmented into:

• Light Duty
• Medium Duty
• Heavy Duty

By operation, the market is classified into:

• VDM-CDP
• VDP-CDM
• VDM-VDP

On the basis of end use, the market is segmented into:

• Transportation
• Construction
• Mining
• Agriculture
• Others

Based on region, the market is divided into:

• North America
• Latin America
• Asia Pacific
• Europe
• Middle East and Africa

Hydrostatic Transmission Market Trends

The rapid infrastructural development as well as the growing urbanisation, especially in emerging economies, are enhancing the demand for innovative construction equipment, and machines integrated with advanced technology. Heavy equipment and machines, like excavators, forklifts, tractors, and wheel loaders, are on a rise, aiding the growth of the hydrostatic transmission market.

The growing usage of remote-control operations among heavy equipment is expected to fuel the demand for hydrostatic transmission systems. Hydrostatic transmission is beneficial for less-experienced staff drivers with a gear-free handling experience. The demand for the inclusion of hydrostatic transmission systems in agricultural machinery and equipment is likely to increase due to the surging application of heavy-powered attachments, like sprayers and aerators.

Geographically, the Asia Pacific region is anticipated to drive the hydrostatic transmission market growth over the coming years. This is due to the increase in the demand for heavy lifting equipment from several industries. Moreover, emerging economies like India and China are heavily investing in the expansion of new as well as improved infrastructure and roads requiring advanced and heavy equipment and machinery.

Key Market Players

The major players in the hydrostatic transmission market report are:

• Parker Hannifin Corp
• Dana Incorporated
• Eaton Corporation plc
• Komatsu America Corp.
• Kawasaki Heavy Industries, Ltd.
• Tuff Torq Corporation
• Others

The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.

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