Flooring Market

Flooring Market Predicted Double-Digit Growth Rate by 2024

Global Flooring Market: Overview

The flooring market is growing at a rapid rate. It is a buyer-oriented market. Flooring is a process of covering the floor by using the floor covering such as tiles, vinyl, carpet, laminate, and others. The flooring market faces critical issues such as the disposal or proper management of the waste. The most severe challenge that the flooring market deals with is the disposal of wastes.

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Global Flooring Market: Growth Factors

The major demand for flooring in the various regions has increased the growth in the global flooring market. The rising infrastructure expenditure in the sectors such as hospitals, transportation, retail, and healthcare boost the global flooring market. The towering rise in the construction industry and escalating rise in the urbanized population has helped in the substantial global market growth in the developing countries. The rise in the use of flooring in the residential infrastructures influences the growth of the global flooring market.

Global Flooring Market: Segmentation

The global flooring market is segmented on the basis of type, material, application, and region. The type segment is further segmented into resilient, non-resilient, soft covering and others. The material segment is bifurcated into woods, vinyl, tiles, carpets and rugs and others. The application segment is further categorized into residential and non-residential. The region segment is further divided into North America, Europe, Asia-Pacific and Rest of the World.

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Global Flooring Market: Regional Analysis

Asia Pacific dominates the global flooring market due to the rise in the number of construction projects in the developing regions. There is a high growth in the global market in North America and Europe. The UK, the U.S., Germany, India, China, Australia, Malaysia, Japan, Canada, Indonesia, Spain, Italy, and Brazil are investing a huge sum of money in the construction industry for the development of infrastructures such as hospitals, healthcare, and transportation in order to achieve rapid economic growth. The developing economies such as China and India play an important role in the global flooring market. The high growth rate in the construction industry due to increases in urbanization and high residential application is further expected to boost the global market.

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Global Flooring Market: Competitive Players

The competition among the small and big companies is rising due to the increased demand for the flooring throughout the globe. The competitors adopt various strategies such manufacturing and launching of advanced product in the market in order to ensure their growth. The major players include Amcor Limited, Rexam Plc, Ardagh Group, CPMC, Alcoa Incorporated, Crown Holdings, Silgan Holdings, Ball Corporation, Greif Incorporated and Ton Yi Industrial. The other players in the market include Karndean, Interface Global, Anderson Hardwood Floors, Fired Earth, Asian Granito, Forbo, and Milliken.

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Aircraft Oxygen System Market

Aircraft Oxygen System Market Surge Towards Solid Growth by 2024

Global Aircraft Oxygen System Market: Overview

An aircraft oxygen system supplies oxygen to the passengers and crew when aircraft is in operation state. Lavatory oxygen system supplies oxygen to passengers and occupies the aircraft lavatory during the cabin depressurization. Lavatory oxygen systems are designed in order to meet fresh profiles of oxygen generators those were formerly installed in aircraft lavatories. Chemical oxygen generators supply oxygen through a chemical reaction. They have the limited life and hence after expiry is needed to replace. They are installed in the overhead compartments above the passenger seats.

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Global Aircraft Oxygen System Market: Growth Factors

Easy availability of the robust oxygen system components and increased air traffic globally drives the global market for aircraft oxygen systems in future. Some existing aircraft fleet around the world has opened up new opportunities for growth in the global market. However, some leading manufacturers who are engaged in the aircraft oxygen system may also boost the global market for aircraft oxygen systems in the coming years.

Global Aircraft Oxygen System Market: Segmentation

The global aircraft oxygen systems market is fragmented on the basis of the component as oxygen delivery system, oxygen mask, and oxygen storage system. Based on the mechanism, the global market is bifurcated as a chemical oxygen generator and compressed oxygen system. Moreover, the global aircraft oxygen systems market is segmented based on the system as crew oxygen system and passenger oxygen system. Geographically, the global market is segregated as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

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Global Aircraft Oxygen System Market: Regional Analysis

Europe is considered as leading regions for aircraft oxygen systems owing to development made in the civil aviation sector. In addition, retrofit market is experiencing the new growth opportunities in the in this region, which in turn is boosting the global market growth. In addition, it is considered major manufacturing base for ATR and Airbus aircraft; this is projected to propel the growth in the global aircraft oxygen systems market. North America is anticipated to follow the same trend owing to increasing demand in the aircraft oxygen system. Asia Pacific is the restricted market for the line fit assembly market, whereas the Middle East is a limited market for the nonexistence of aircraft manufacturers. The oxygen delivery systems comprise insignificant market share in these regions. However, these systems are installed during the aircraft manufacturing process. Asia Pacific shows a significant market growth in the global aircraft oxygen systems market as these systems are installed throughout the aircraft manufacturing process.

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Global Aircraft Oxygen System Market: Competitive Players

Major players operating in the global aircraft oxygen system market are Cobham Plc, ATR, B/E Aerospace, Inc., Technodinamika, Airbus, and Zodiac Aerospace S.A. Many major players in the global aircraft oxygen system market are opting for new strategies, mergers, and acquisitions in order to expand their market share. For example, the company Oakenhurst Aircraft Services launched workshop for oxygen system repair and for overhaul service. It has promised its customers that company will reduce turnaround times and cost required.

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Air Purification Systems Market

Air Purification Systems Market to Witness Double Digit CAGR by 2024

Global Air Purification Systems Market: Overview

Air purification systems are electronic devices that are used for the commercial, industrial, and residential purpose to purify the air by removing impurities and contaminants. There is a large difference between air cleaner and air purification system. The air cleaner is equipped with the fan, which is operated at high speed and creates noise. In addition, maintenance associated with air purification systems is high. Whereas the air purifier works silently and maintenance required is relatively low. Poor indoor air quality is the major concern for the health; hence is used in hospitals, schools, residential and commercial buildings, and so on. It improves comfort, health, and productivity.

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Global Air Purification Systems Market: Growth Factors

Increasing industrial and infrastructure activities are the major driving factors of the global air purification systems market. However, higher spending on research activities related to air purification system has opened gateways for new growth opportunities; this is projected to propel the global air purification systems market growth in the near future. The increase in research activities related to air purification systems is estimated to offer major opportunities to the air purification systems market in the next few years. However, rising side effects of the poor indoor air quality may propel the global market growth in the near future.

Global Air Purification Systems Market: Segmentation

The global air purification systems market is divided based on technology, end-use applications, products, and geography. The technology segment includes activated carbon, HEPA, ionic filters, electrostatic precipitator, and others. Of these, high-efficiency particulate air (HEPA) purifier segment is the largest technology segment in the global market. However, activated carbon is the second largest technology segment and electrostatic precipitator comes after it. The end-user applications comprise healthcare & medical, automotive, manufacturing, construction, energy & utilities, and others. Of these, the construction is the most lucrative end-user application segment for air purification systems market. Further, the product segment includes fume & smoke collectors, fire and emergency exhaust, vehicle exhaust, dust collectors, mist eliminators, and others.

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Global Air Purification Systems Market: Regional Analysis

Asia Pacific is the dominating region for air purification systems market. However, consumer demand for air purification systems may enhance the global air purification systems market. In addition, developing countries such as South Korea and China are anticipated to foster the global market growth owing to rising air pollutions. Moreover, Japan and India are key consumers of the purification systems. Conversely, the higher cost involved with air purification systems and release of byproducts may hinder the global air purification systems market to some extent.

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Global Air Purification Systems Market: Competitive Players

Major players in the global air purification systems market are Air Products and Chemicals, Inc., LG Electronics, Panasonic Corporation, Fumex Inc., Honeywell International Inc., Electrocorp, Sharp Corporation, SPX Flow, Mann+Hummel, Daikin Industries, Ltd., Camfil Group, Clarcor Inc., Eureka Forbes, Philips Electronics N.V., and 3M Company.

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Waste Paper Management Market

Waste Paper Management Market Set for Rapid Growth by 2024

Global Waste Paper Management Market: Overview

The paper is created from the cellulosic fiber that is extracted from the plants. Used paper can be temporarily utilized as sticky notes, used pamphlets or can be stored as a proof or evidence. The majority of the used paper is considered as trash and goes directly into trash bins. The paper that cannot be used post consumption is termed as waste paper. But the thrown away paper can be recycled again after some process of papermaking.

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Global Waste Paper Management Market: Segmentation

Waste paper management market is widely segmented based on various essential aspects, such as—based on processes used to manage the waste paper includes collection, transportation, incineration, disposal, segregation, and processing. Further, based on the sources from where the paper is collected, the global market is diversified as commercial, residential, educational institutes and many others. In addition, post-processing of the waste paper, the final products that can be created is segmented as facial tissue, paper towels, newspaper, paper plates, confetti and others.

Global Waste Paper Management Market: Growth Factors

Due to rising literacy rate and growing awareness among the people about the need of education, the demand for the paper manufacturing industry has raised, which in return also generates ample amount of waste paper that can be recycled. Stringent government rules to reduce deforestation is also encouraging the growth of the waste paper management industry. Key players adopt new technologies to extract maximum paper from recycling process in order to make various recyclable paper products and are a vital factor motivating the growth of the waste paper management market. Government organizations enthusiastically taking part in developing waste paper management facility is also fostering the growth of waste paper. People inclining towards recyclable paper products are also driving the global waste paper management market. On the other hand, rising digitalization of the technology and people strongly adopting paperless work culture is also a factor restraining the growth of the global waste paper management market to some extent.

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Global Waste Paper Management Market: Regional Analysis

Geographically, Asia Pacific region dominates the global waste paper management market due to rising industrialization relevant to waste management in the developing nations such as India and China. North America is expected to grow rapidly due to high efficient technology developed for waste paper management and a high number of the manufacturer, producer of paper pulp and waste paper. Europe may show a steady growth in coming further due to strict regulation enforced by the government related to deforestation.

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Global Waste Paper Management Market: Competitive Players

Some of the major players contributing to their efforts and development in global waste paper management market include Veolia Environment S.A., International Paper Company, Waste Management Inc, UPM-Kymmene, YJ, Westrock Company, Republic Services, Mondi Group, Georgia-Pacific LLC, Sappi Ltd, and DS Smith PLC.

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Road Safety Market

Road Safety Market: By Type, Application, Size, Growth, Analysis & Forecast 2024

Global Road Safety Market: Overview

Road safety is nothing but a systematic measure and method that is utilized to avoid road users from being seriously injured or killed. Normally, these road users contain cyclists, pedestrians, vehicle passengers, motorists, and passengers of public transport such as buses and trains.

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Global Road Safety Market: Growth Factors

The main factor for the growth of road safety market includes accidents, threats, fatalities, natural as well as unnatural disasters, and others. Other factors that boost the market include an increasing number of crimes, terrorist attacks, and disasters. This led to the towering growth of the global road safety market.

On the parallel end, an elevated number of traffic, passengers, and congestion on the roadways is considered to be influencing the global road safety market in a positive way. Advanced technologies such as red light enforcement, speed limit enforcement, bus lane enforcement, incident access control, and incident detection are been used and implemented for bridges, highways, tunnels, and urban roads. The growth rate of these technologies is estimated to speed up in the near future.

Factors such as technological drive, exceeding demand for automobiles, and highly secure infrastructure of the safety are said to be the main reasons behind the success of the global road safety market.

Global Road Safety Market: Segmentation

The global road safety market can be segmented based on products used for highways, bridges, urban roads, and tunnels. Systems are divided into red light enforcement system, speed limit enforcement, bus lane enforcement, access control/vehicle detection, incident communication systems, and incident detection systems. Moreover, based on services, the global road safety market has branches such as risk assessment & analysis, consulting & system integration, support &training, and maintenance services. Radar and sensor-based devices, analytics, and surveillance are the branches based on technologies.

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Global Road Safety Market: Regional Analysis

North America is considered to rule the global road safety market due to the accessibility of infrastructures that are technologically advanced. Asia Pacific is estimated to tower in the near future due to the hike in vehicles and lack of road infrastructure. Multiple governments across the world are splurging hefty amount on infrastructures such as highways, bridges, urban roads, and tunnels to overcome the elevated incidents of a road crash. Additionally, the governments are rolling out modification in the implementation, enforcing, safety measures for the roadways infrastructure, and planning and strategizing of security.

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Global Road Safety Market: Competitive Players

The major contenders in the global road safety market are Huawei, FLIR Systems, Thales, Alcatel Lucent, Kapsch AG, Tyco, Saab, Raad Data Communication, and Siemens AG. These giants are offering real-time traffic flow systems, enforcement suites, and video surveillance solution. They also provide a system to communicate and handle traffic congestions. These systems are highly reliable and maximize road safety. Further, they are providing systems integrated with various technologies to reduce the overall cost and improve the efficiency. Development of fresh products, acquisitions, and mergers has now become a trend which has emerged some new players in the global road safety market.

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Scroll & Absorption Chillers Market

Scroll & Absorption Chillers Market by Type, Size, Share, Growth & Forecast 2024

Global Scroll & Absorption Chillers Market: Overview

In various air conditioning applications and cooling processes a mechanical equipment scroll and absorption, chillers are used. The energy in the commercial and industrial applications is used for ventilation, heating, and cooling of which the chillers consume half of the available energy. Thus, there came the requirement of energy-efficient chiller products owing to the growing awareness for the need of conserving energy. The absorption chillers help to perform better and ensure to control the high electricity costs. Industries such as printing, chemicals, and plastic are considering the use of scroll and absorption chillers to lower their electric energy use, maintenance cost and so on.

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Global Scroll & Absorption Chillers Market: Segmentation

The global scroll and absorption market is segmented on the basis of the product, capacity, vertical and regions. Based on the product type, the scroll and absorption market is divided into two categories: scroll chillers and absorption chillers. On the basis of the capacity, the global market is segregated into greater than 100 KW, ranges between 101 KW to 300 KW and 301 KW to 700 KW and less than 701 KW. The different verticals where the scroll and absorption chillers used are commercial, industrial and others. The global market is further diversified into different regions such as Asia-Pacific, North America, Europe and Rest of the World.

Global Scroll & Absorption Chillers Market: Growth Factors

One of the major reasons that are driving the scroll and absorption chillers market is the growing awareness regarding the need for energy conservation, thus making initiatives to develop energy-efficient scroll and absorption chillers. The increasing electricity costs and shortfalls of electricity are the major factors that are driving the market. By using appropriate scroll and absorption chillers, approximately 12 to 15% of electricity can be reduced in commercial and residential complexes. The demand for scroll and absorption chillers was high in the hospital application owing to the growing pharmaceutical and medical industry and the initiatives taken by the government to improve their health sector. The usage of scroll chillers has increased in low capacity commercial verticals thus driving the demand of the market.

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Global Scroll & Absorption Chillers Market: Regional Analysis

The Asia-Pacific region had the largest market share of the scroll and absorption chillers market. The Asia Pacific region has an increasing number of geothermal, nuclear and solar power plants, which is driving the demand of chillers in the market. Europe held the second position in the market and is expected to grow in the coming years. This growth is owing to the rising commercial and constructional industry.

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Global Scroll & Absorption Chillers Market: Competitive Players

The major companies in the scroll and absorption market include Johnson Controls Inc., Trane, Inc., Broad Air Conditioning Co., Ltd., Yazaki Energy Systems, Inc., Hitachi Appliances, Inc., Robur Group, Daikin Industries, Ltd., Thermax, Ltd., Carrier Corporation, Century Corporation, Shuangliang Eco-Energy Systems Co., Ltd., MIDEA Group Co., Ltd.

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Screw Compressor Market

Screw Compressor Market Dynamics, Size, Share, Growth Factors & Forecast 2024

Global Screw Compressor Market: Overview

The screw compressor is a type of gas compressor. Features such as delivering high quality compressed air, low maintenance, and the low operational cost is the major drivers of the screw compressor market. Oil-injected or oil-free type of screw compressors is used in industries. There has been an increasing demand for global screw compressors market in chemicals and petrochemicals processing, metals and mining, food and beverages, automotive, oil and gas and power plants among others. Growth in these industries is anticipated to grow the screw compressor market significantly.

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Global Screw Compressor Market: Segmentation

The global screw compressor market is segmented into its type, stage, technology, end-user, and region. Based on the type, the division is seen as oil-free and oil-injected. On the basis of the stage, the segregation is seen as the single stage and multi-stage. Based on the technology, the global screw compressors market is divided into stationary screw compressors and portable screw compressors. Chemical and petrochemicals, oil and gas, mining and metals, automotive, power plants and food and beverage are the main end-users of the screw compressors. The screw compressor market is diversified into regions such as North America, Europe, Latin America, Asia-Pacific, and the Middle East and Africa.

Global Screw Compressor Market: Growth Factors

The features of screw compressor such as delivering high quality compressed air, higher efficiency and the quick and dynamic response would increase its application in air treatment and compressor applications. This will result in a significant growth in the screw compressor market. The screw compressors reduce energy costs and provide better efficiency due to which its users are increasing and demand is rising. Developments made in the sectors of pharma, food, and beverages, textile and automotive are among the various factors resulting in the increase of demand in the screw compressor market. Growing demand for eco-friendly screw compressors is a major factor that will offer sufficient growth opportunities to the screw compressor market. However, there are some restraining factors for the global market growth, which include high power consumption due to the fast-moving compressor, production of debris due to high-speed operation and resistance in the use of new technology. Other challenges faced by the market players include adherence to stringent quality requirements and environmental parameters and obtaining skilled labor.

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Global Screw Compressor Market: Regional Analysis

Asia Pacific is the largest screw compressor market globally and is expected to continue dominating the market in the coming years as well. Owing to industrial development, the key demand is visible from countries such as China, Japan, and India. Demand from Asia-Pacific is followed by regions such as North America, Europe, Latin America and the Middle East and Africa. Demand from countries such as Mexico, the U.S., Saudi Arabia, Brazil, and South Africa are the major drivers in the global screw compressor market. The Middle East and Africa is predicted to be the fastest-growing market in the coming future owing to developments in the metal and mining, and chemical and petrochemical industries.

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Global Screw Compressor Market: Competitive Players

Some of the major companies in the global screw compressors market are Ingersoll Rand Plc., Atlas Copco, Boge Kompressoren, Kaeser Kompressoren Se, Gardner Denver Inc., Howden Group Ltd., Kobe Steel Ltd., GE Oil & Gas, MAN Diesel & Turbo, Siemens AG, Sullair LLC, Hitachi Ltd. and Bauer Kompressoren.

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Temperature Transmitter and Humidity Transmitter Market

Temperature Transmitter and Humidity Transmitter Market Size & Share Outlook up to 2024

Global Temperature Transmitter and Humidity Transmitter Market: Overview

Temperature transmitter is an electrical device, which interfaces a temperature sensor. Usually, these devices are linearized, amplify, filter noise, isolate, and convert input from the sensor and transmit a standardized output signal to control devices. Humidity measurement may influence the safety and health of the personnel, also the total cost of the product. Humidity transmitters are used in various applications such as food & beverage, pharmaceutical, textile, HVAC & building automation, and pulp & paper.

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Global Temperature Transmitter and Humidity Transmitter Market: Growth Factors

Process industries highly adopting automation to improve security, cost, and safety is expected to enhance the global temperature transmitter and humidity transmitter market growth. The increasing acceptance of the temperature transmitters in the pharmaceutical, power, metal & mining and chemical industries may influence the global market growth in future. The market for temperature transmitter and humidity transmitter is anticipated to grow at higher rate owing to ruggedness, measurement speed, cost-effectiveness, and range of temperatures may positively enhance the global market.

Global Temperature Transmitter and Humidity Transmitter Market: Segmentation

The global temperature transmitter and humidity transmitter market are classified on the basis of communication protocol, sensing type, sensing technology, industry, mounting type, and geography. The communication protocol includes Foundation Fieldbus, Profibus, HART and Wireless HART, and others. On the basis of sensing type, the global market is bifurcated as multichannel, resistance temperature detector (RTD), universal, capacitive and thermocouple. Based on sensing technology, the global temperature transmitter and humidity transmitter market is segregated as thermal conductivity, capacitive, resistive, and others. Of these, the capacitive sensing technology segment contributed for the largest market share in the global temperature transmitter and humidity transmitter market. This technology is widely used in the meteorological, industrial, and commercial applications. Moreover, the global market is categorized as water & wastewater, chemical, oil & gas, metal & mining, food & beverage, pharmaceutical, power, and others. Furthermore, mounting type includes head, DIN-Rail, field, and others. The global temperature transmitter and humidity transmitter market are segmented based on geographical as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

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Global Temperature Transmitter and Humidity Transmitter Market: Regional Analysis

The Asia Pacific market is experiencing the highest growth in the global temperature transmitter and humidity transmitter market due to high demand for improving production energy capacity, industrial automation, commencing of new projects, and is expected to foster the global market growth in coming years. Exponential growth in the HVAC systems from commercial and residential projects in the Asia Pacific region drives the global market for humidity transmitters.

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Global Temperature Transmitter and Humidity Transmitter Market: Competitive Players

Key players in the global temperature transmitter and humidity transmitter market are Yokogawa Electric Corporation, WIKA Alexander Wiegand SE & Co. KG, Endress+Hauser AG, Emerson Electric Company, Siemens AG, Honeywell International Inc., and ABB Ltd. Other players include Schneider Electric SE, General Electric, Johnson Controls, Inc., Vaisala Oyj, Siemens AG,  Honeywell International Inc., and Schneider Electric SE (France).

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Advanced Persistent Threat Protection Market

Advanced Persistent Threat Protection Market Competitive Dynamics & Global Outlook 2024

Global Advanced Persistent Threat Protection Market: Overview

Advanced persistent threat (APT) is a type of network breach by which unauthorized access can be gained to highly confidential information. This information is under the constant threat of exploitation, and thus to protect them, advanced persistent threat protection system is used globally. These systems help to secure the network and protect the records from being misused. Advanced persistent threat protection solutions are mainly used in financial and government institutions. Owing to reasons such as cyber security and data protection, demand for advanced persistent threat protection system is witnessing a rapid escalation in the market.

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Global Advanced Persistent Threat Protection Market: Segmentation

The advanced persistent threat protection market is segmented into its service, solution, deployment, application, organization size, and region. Based on service, the advanced persistent threat protection market is divided into professional services and managed services. On the basis of the solution, the differentiation is seen as endpoint protection, security information, and event management (SIEM), intrusion detection system (IDS)/intrusion prevention system (IPS), next-generation firewall, sandboxing, forensics analysis and others. Based on deployment, the forms available are cloud and on-premise. Depending upon organization size, the global advanced persistent threat protection market is bifurcated into large enterprises and small and medium enterprises (SMB). On the basis of application, the categorization is seen into banking, financial services, and insurance, government and defense, IT and telecom, retail, healthcare, transportation, manufacturing, energy and utilities, education and others. The global advanced persistent threat protection market is further diversified into regions such as Europe, North America, Asia-Pacific, Latin America, and the Middle East and Africa.

Global Advanced Persistent Threat Protection Market: Growth Factors

The rapidly evolving threat landscape is the driving factor for the increase in the demand for advanced persistent threat protection systems in the market. Application of advanced persistent threat protection is visible in government and defense, banking, financial services and insurance, healthcare and others, which has resulted in the growth of advanced persistent threat protection market. Forensic analysis market is expected to grow at the highest rate. Major factors contributing towards the increasing demand for advanced persistent threat protection in the market are the advancements made in technology, stringent government regulations, rising adoption of cloud in the enterprises and increasing awareness towards securing confidential information. However, the diverse nature of security threats and lack of expertise in cyber security may cause act as a restraining factor for the advanced persistent threat protection market.

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Global Advanced Persistent Threat Protection Market: Regional Analysis

North America dominates the advanced persistent threat protection market globally and is anticipated to have the largest market share in the upcoming period. Developing business organizations in Europe and Asia-Pacific are gradually increasing the demand for advanced persistent threat protection system in these regions. Asia Pacific is expected to provide high growth opportunities for niche players in advanced persistent threat protection system market in the future.

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Global Advanced Persistent Threat Protection Market: Competitive Players

Some of the key companies in the advanced persistent threat protection market are Fortinet, FireEye, Symantec, Trend Micro, Blue Coat Systems, Intel Security, Webroot, Inc., Palo Alto Networks, Websense, Inc., and Dell SecureWorks.

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Sub-sea Thermal Insulation Materials Market

Sub-sea Thermal Insulation Materials Market Size & Share to See Modest Growth Through 2024

Global Subsea Thermal Insulation Materials Market: Overview

Sub-sea thermal insulation is a protective thermal insulation coating applied to components subjected to cold deep water immersion. This coating provides thermal stability to the components and facilitates smooth operation under deepwater. Several different components, systems, and sub-sea pipes are used in the oil & gas applications. In the absence of subsea thermal insulation, the oil flowing in these components gets cooled and starts to hydrate, resulting in waxy deposits and restricting the oil flow. Oil & gas exploration companies are venturing into deep-water regions and arctic environments due to ever-escalating demand for oil & gas. Thermal insulation is also used in some drilling applications. The primary components of the subsea thermal insulation are epoxy, polyurethane, and polypropylene. Some other components are also used in subsea thermal insulation such as silicone rubber and aerogels.

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Global Subsea Thermal Insulation Materials Market: Growth Factors

The major growth factor of the subsea thermal insulation materials market is the escalating demand from oil & gas industries. Oil exploration companies are required to drill under deep water and arctic region for oil and gas. This is anticipated to boost the global market in the coming years. However, no feasible alternative is available for the existing insulation techniques, thus boosting the growth of the global subsea thermal insulation materials market. Companies focus on launching new products or techniques in the global market to energize their existing production capacities; this is expected to boost the global market growth. In addition, better supply to the customers with growing applications in the subsea thermal insulation materials may fuel the global market in coming years. They are actively trying to cater major niche market and less explored markets in the different regions. This is anticipated to foster the global subsea thermal insulation materials market growth. Conversely, depleting oil & gas reserves and increase in the crude oil prices may hinder the global market growth.

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Global Subsea Thermal Insulation Materials Market: Segmentation

The global subsea thermal insulation materials market is classified based on the application, material, and geographical. The application segment includes equipment, pipe, pipe cover, joints, and others. The material segment includes polypropylene, silicone rubber, epoxy, polyurethane, aerogels, and others. Of these, polyurethane is widely preferred in the commercial insulation material owing to low flexibility and thermal conductivity properties. However, the installation of polyurethane foam is easier and cheaper. Syntactic polypropylene is the better alternative to polyurethane due to creep resistance and high melt strength. Geographically, the global market is fragmented as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

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Global Subsea Thermal Insulation Materials Market: Regional Analysis

Europe is one of the leading regions in the global subsea thermal insulation materials market, which accounted for the largest market share. North America is expected to grow abundantly. However, the Middle East & Africa show considerable growth in the global subsea thermal insulation materials market. This trend is followed by Latin America owing to expanding niche market in this region.

Global Subsea Thermal Insulation Materials Market: Competitive Players

Key players in the global subsea thermal insulation materials market include DOW Chemical Company, Advanced Insulation Plc, Trelleborg AB, Aspen Aerogels, Shawcor Ltd., Cabot Corporation, A global Corporation, DOW Corning, and BASF.

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