Month: September 2023

According to IMARC Group’s latest report, titled Electric Kick Scooter Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global electric kick scooter market size reached US$ 3.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.0 Billion by 2028, exhibiting a growth rate (CAGR) of 10.8% during 2023-2028.

An electric kick scooter is a lightweight motorized vehicle powered by an integrated electric motor or rechargeable battery. It is portable, versatile, durable, cost-effective, and environment-friendly compared to other modes of transportation. Presently, electric kick scooter is gaining immense traction worldwide as it enables users to avoid traffic jams and commute short distances easily.

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Market Trends

The escalating demand for fuel-efficient, cost-effective, and environment-friendly commute options is positively influencing the sales of electric kick scooters worldwide. Additionally, inflating disposable incomes and the rising awareness among individuals about the greenhouse gas (GHG) emissions from fuel-operated automobiles are contributing to the market growth. Besides this, governments of various countries are encouraging the uptake of electric scooters, which is propelling the market growth. Furthermore, increasing investments by leading players in research and development (R&D) activities to introduce high-performance scooters with low maintenance costs are projected to drive the market.

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The report has segmented on the basis of product type, battery type, voltage, application, end user and geography

List of Key Companies Covered in this Market Report:

• AKTIVO Scoot
• Globber
• GOVECS AG
• Hiboy
• IconBIT GmbH
• Jetsons
• Micro Mobility Systems AG
• Niu Technologies
• Razor USA LLC
• Segway Inc.
• Swagtron
• Yadea Technology Group Co. Ltd.
• Xiaomi Inc

Report Segmentation:

The report has segmented the market into the following categories

Breakup by Product Type:

• Two Wheeled
• Three Wheeled

Breakup by Battery Type:

• Sealed Lead Acid (SLA)
• Lithium Ion (Li-Ion)
• Others

Breakup by Voltage:

• Less than 25V
• 25V to 50V
• More than 50V

Breakup by Application:

• Personal
• Rental

Breakup by End User:

• Kids
• Adults

Breakup by Geography:

• North America (U.S. & Canada)
• Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
• Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
• Latin America (Brazil, Mexico)
• Middle East & Africa

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

IMARC Group
Email: sales@imarcgroup.com
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 134 N 4th St. Brooklyn, NY 11249, USA
Website: https://www.imarcgroup.com/
Follow us on Twitter: @imarcglobal
Linkedin: https://www.linkedin.com/company/imarc-group

IMARC Group, a leading market research company, has recently releases report titled “Essential Oils Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global essential oils market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the essential oils market?

The global essential oils market size reached US$ 11.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 18.8 Billion by 2028, exhibiting a growth rate (CAGR) of 8.7% during 2023-2028

What is essential oils?

Essential oils represent aromatic liquids that are generally obtained from the fruits, seeds, roots, stems, leaves, wood, barks, and flowers of a single plant species by using the expression, steam distillation, and carbon dioxide extraction. They have characteristic fragrances and are widely utilized in the manufacturing of soaps, perfumes, shampoos, cleaning gels, etc. Essential oils also exhibit several therapeutic properties. Consequently, they are commonly used in medications for aromatherapy or as carriers for drug delivery. In line with this, essential oils find extensive applications to improve the sensory properties of agricultural items, including animal feeds and food commodities

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What are the growth prospects and trends in the essential oils industry?

The growing number of individuals who are diagnosed with respiratory, dermatological, and dental disorders is primarily driving the essential oils market. Additionally, the widespread adoption of these liquids in various forms, such as decongestants, expectorants, carminative and antibacterial agents, etc., to treat bronchitis and cough is further catalyzing the market growth. Besides this, the inflating popularity of essential oils as natural additives in the conservation and preservation of food products, such as confections, candies, meat, pickles, soft drinks, etc., is acting as another significant growth-inducing factor. Moreover, they include the synthesis of repellents and edible film coatings and as odorants in detergents and paints, which is positively influencing the global market. Apart from this, the rising utilization of essential oils for promoting the safety and quality of seafood, cereal-based items, minimally processed fruit and vegetables, etc., is also propelling the market growth. Furthermore, the introduction of active packaging systems to protect food products from microbial contamination and the escalating demand for extended shelf-life and minimal addition of preservatives are anticipated to fuel the essential oils market over the forecasted period.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Product:

• Cedarwood Oil
• Eucalyptus Oil
• Lavender Oil
• Lemongrass Oil
• Rosemary Oil
• Tea Tree Oil
• Ylang Ylang Oil
• Others

Breakup by Application:

• Medical
  • Pharmaceutical
  • Nutraceuticals
• Food and Beverages
  • Bakery and Confectionery
  • Beverages
  • Meat, Poultry and Seafood
  • Others
• Spa and Relaxation
  • Aromatherapy
  • Personal Care
  • Cosmetics
  • Toiletries
  • Others
• Cleaning and Home
  • Kitchen Cleaners
  • Floor Cleaners
  • Bathroom Cleaner
  • Others
• Others

Breakup by Sales Channel:

• Offline Stores
• Online Stores

Breakup by Geography:

• North America (U.S. & Canada)
• Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
• Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
• Latin America (Brazil, Mexico)
• Middle East & Africa

Who are the key players operating in the industry?

The report covers the major market players including:

• Biolandes
• doTerra
• Essential Oils of New Zealand Ltd.
• Falcon Essential Oils
• Farotti S.R.L.
• FLAVEX Naturextrakte GmbH
• Reynaud & Fils
• India Essential Oils
• Moksha Lifestyle Products
• Rocky Mountain Oils LLC
• Sydney Essential Oil Co. (SEOC)
• The Lebermuth Company
• Ungerer Limited
• Young Living Essential Oils.

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If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Email: sales@imarcgroup.com

Follow us on Twitter: @imarcglobal

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IMARC Group, a leading market research company, has recently releases report titled “Protein Supplements Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global protein supplements market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the protein supplements market?

The global protein supplements market size reached US$ 22.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 36.3 Billion by 2028, exhibiting a growth rate (CAGR) of 7.8% during 2023-2028.

What is protein supplements?

Protein supplements refer to the essential macronutrient dietary additives, which are derived from various animal and plant-based sources, such as poultry, pea, wheat, dairy, and soybean. They are widely available in bars, powder, and ready-to-drink (RTD) beverage formats. Protein supplements are a rich source of carbohydrates, fiber, and sodium, which assist in recovering from injury, fueling energy, improving metabolism, and promoting muscle growth. As a result, these additives are extensively consumed by bodybuilders and sports athletes to meet specific nutritional goals.

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What are the growth prospects and trends in the protein supplements industry?

The elevating product utilization in sports nutrition and the rising demand for weight management solutions are among the primary factors driving the protein supplements market. Besides this, the growing popularity of gym culture, expanding enrollments, or participation in several fitness activities, including aerobics and yoga, owing to the desire to lead an active and healthy lifestyle, is further augmenting the market growth. Moreover, the shifting inclination of consumers toward clean-label, plant-based protein supplements, on account of the escalating concerns toward animal welfare and the emerging trend of veganism, is also catalyzing the global market. Apart from this, the launch of innovative product variants in various flavors and formats, such as ready-to-drink (RTD), powder, bars, etc., is acting as another significant growth-inducing factor. Additionally, the inflating disposable incomes and the rising consumer expenditure on health and wellness are also stimulating the market growth. Furthermore, aggressive marketing tactics, including the increasing number of celebrity and sports personality endorsements by brands, are expected to bolster the protein supplements market in the coming years.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Type:

• Casein
• Whey Protein
• Egg Protein
• Soy Protein
• Others

Breakup by Form:

• Protein Powder
• Protein Bars
• Ready to Drink
• Others

Breakup by Source:

• Animal-Based
• Plant-Based

Breakup by Application:

• Sports Nutrition
• Functional Food

Breakup by Distribution Channel:

• Supermarkets and Hypermarkets
• Online Stores
• Direct to Customers (DTC)
• Others

Breakup by Region:

• North America (U.S. & Canada)
• Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
• Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
• Latin America (Brazil, Mexico)
• Middle East & Africa

Who are the key players operating in the industry?

The report covers the major market players including:

• Abbott Laboratories
• Amway
• Dymatize Enterprises LLC (BellRing Brands)
• Glanbia PLC
• GNC Holdings Inc. (Harbin Pharmaceutical Group)
• Herbalife International of America Inc.
• Iovate Health Sciences Inc.
• Makers Nutrition LLC
• Melaleuca Inc.
• Nestlé S.A
• Quest Nutrition LLC (Atkins Nutritionals Holdings Inc.)
• Weider Global Nutrition LLC

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If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Email: sales@imarcgroup.com

Follow us on Twitter: @imarcglobal

LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/

IMARC Group, a leading market research company, has recently releases report titled “Data Center Cooling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global data center cooling market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the data center cooling market market?

The global data center cooling market size reached US$ 13.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 30.3 Billion by 2028, exhibiting a growth rate (CAGR) of 14% during 2023-2028.

What is data center cooling?

Data center cooling represents equipment used for maintaining an optimal operating temperature within a data center facility. They mainly consist of air conditioning, cooling towers, economizer systems, chilling units, liquid cooling systems, control systems, etc. Data center cooling solutions help to transfer heat energy into the external atmosphere and enhance the overall performance of these facilities by decreasing downtime caused by overheating. They are even extremely cost-effective, environment-friendly, and energy-efficient. As a result, data center cooling devices find widespread applications across several sectors, such as banking, information technology (IT), telecommunication, education, defense, retail, energy, healthcare, etc.

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What are the growth prospects and trends in the data center cooling industry?

The growing data center density and the introduction of innovative ways by numerous organizations to cool computer systems for improving efficiency and maximizing uptime are among the key factors driving the data center cooling market. In addition to this, the implementation of stringent environmental safety regulations by government bodies aimed at reducing the emission and power consumption of data centers is acting as another significant growth-inducing factor. In line with this, the development of eco-friendly data center cooling solutions by leading market players and the rising adoption of green energy solutions and renewable energy sources by various data center facilities to ensure sustainability and reduce their carbon footprint are also positively influencing the global market. Additionally, the elevating improvements in IT infrastructure and the shifting preferences toward cloud computing and internet of things (IoT) technologies across multiple industry verticals and the expanding number of data centers within organizations for more comprehensive and efficient operations are expected to bolster the data center cooling market over the forecasted period.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Solution:

• Air Conditioning
• Chilling Units
• Cooling Towers
• Economizer Systems
• Liquid Cooling Systems
• Control Systems
• Others

Breakup by Services:

• Consulting
• Installation and Deployment
• Maintenance and Support

Breakup by Type of Cooling:

• Room-Based Cooling
• Row-Based Cooling
• Rack-Based Cooling

Breakup by Cooling Technology:

• Liquid-Based Cooling
• Air-Based Cooling

Breakup by Type of Data Center:

• Mid-Sized Data Centers
• Enterprise Data Centers
• Large Data Centers

Breakup by Vertical:

• BFSI
• IT and Telecom
• Research and Education Institutions
• Government and Defense
• Retail
• Energy
• Healthcare
• Others

Breakup by Region:

• North America (U.S. & Canada)
• Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
• Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
• Latin America (Brazil, Mexico)
• Middle East & Africa

Who are the key players operating in the industry?

The report covers the major market players including:

• Airedale International Air Conditioning
• Asetek
• Black Box Corporation
• Climaveneta Climate Technologies
• Coolcentric
• Emerson Electric
• Fujitsu
• Hitachi
• Netmagic
• Nortek Air Solutions
• Rittal
• Schneider Electric
• STULZ GmbH
• Vertiv

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If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact US

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Email: sales@imarcgroup.com

Follow us on Twitter: @imarcglobal

LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/

IMARC Group, a leading market research company, has recently releases report titled “Smart Textiles Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global smart textiles market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the smart textiles?

The global smart textiles market size reached US$ 3.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 15.9 Billion by 2028, exhibiting a growth rate CAGR of 24.6% during 2023-2028.

What is smart textiles?

Smart textiles, or e-textiles, represent the fabrics that are embedded with conductive threads and electronic components. They are of two kinds, including passive and active. Smart textiles can sense or detect the environmental changes and automatically respond to the thermal, mechanical, and chemical manipulations. They can also communicate with additional devices, conduct energy, and modify the physical properties of other materials to protect the wearer from environmental hazards. Certain smart textiles are used for design and fashion purposes, while some are used to enable human functioning. As a result, these materials find widespread applications across various sectors, such as healthcare, transportation, military, entertainment, sports and fitness, etc.

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What are the growth prospects and trends in the smart textiles industry?

The emerging trend of miniaturization of electronics and the increasing integration of these materials with wearable devices are among the primary factors driving the smart textiles market. Besides this, the escalating product demand in the sports and healthcare industries to monitor muscle vibrations, regulate body temperatures, and provide protection from several hazards is further augmenting the market growth. Moreover, various innovations in the electronics sector have facilitated the incorporation of smart textiles with compact electronic components, including sensors, batteries, and control consoles, in wearable devices, which is also catalyzing the global market. Apart from this, the extensive research and development (R&D) activities by the leading players to launch advanced product variants are acting as significant growth-inducing factors. Furthermore, the growing popularity of these materials in the defense sector for health monitoring, wired and wireless communications, superior mobility, sensing of heat and cold stresses, and camouflage is anticipated to propel the smart textiles market over the forecasted period.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Type:

• Passive Smart Textile
• Active Smart Textile

Breakup by Functionality:

• Sensing
• Energy Harvesting
• Luminescence and Aesthetics
• Thermoelectricity
• Others

Breakup by End-Use Sector:

• Military and Protection
• Healthcare
• Sports and Fitness
• Fashion and Entertainment
• Transportation
• Architecture
• Others

Breakup by Region:

• North America (U.S. & Canada)
• Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
• Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
• Latin America (Brazil, Mexico)
• Middle East & Africa

Who are the key players operating in the industry?

The report covers the major market players including:

•  Adidas AG
• AiQ Smart Clothing Inc.
• Clothing+
• Dupont De Nemours Inc.
• Gentherm Incorporated
• Google LLC
• Interactive Wear AG
• Ohmatex A/S
• Schoeller Textil AG
• Sensoria Inc.
• Texas Instruments Incorporated
• Textronics
• Vista Medical Ltd.

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If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Email: sales@imarcgroup.com

Follow us on Twitter: @imarcglobal

LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/

According to IMARC Group’s latest report, titled “Factoring Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global factoring market size reached US$ 3,626.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5,179.3 Billion by 2028, exhibiting a growth rate (CAGR) of 6.36% during 2023-2028.

Factoring, also known as debtor financing, refers to the process of purchasing debt from the company at discounted prices to allow profits to the buyer upon settlement. It assists in smoother cash flow and financial planning in a cost-effective way. It also provides helpful information credit that aids businesses in trading better with suppliers. Moreover, as it does not create any liability on the balance sheet, factoring is preferred for trade financing receivables across the globe. At present, the commonly adopted forms of factoring include recourse, non-recourse, disclosed, discourse, import, export, advance, domestic, and maturity factoring.

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Market Trends

The rising open account trading opportunities and the increasing need for an alternate source of financing for small and medium enterprises (SMEs) to meet business goals currently represent one of the key factors catalyzing the demand for factoring. In addition, rising technological advancements like automated invoices and the increasing adoption of artificial intelligence (AI) and machine learning (ML) algorithms to enhance automation in banking, financial services and insurance (BFSI) for offering streamlined and personal customer experience is creating a positive market outlook. Furthermore, the increasing application of blockchain technology in factoring to accelerate the process of verifying contractors, granting limits, liability, and analyzing documentation is propelling the market growth.

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List of Key Companies Covered in this Market Report:

• Advanon AG
• Aldermore Bank PLC (FirstRand Group)
• Bluevine Capital Inc.
• BNP Paribas S.A. (OTCMKTS: BNPQY)
• Deutsche Leasing AG
• Eurobank Ergasias SA (OTCMKTS: EGFEY)
• HSBC Holdings Plc (NYSE: HSBC)
• Mizuho Financial Group Inc. (NYSE: MFG)
• Société Générale S.A.
• The Southern Banc Company Inc. (OTCMKTS: SRNN)

The report has segmented the market on the basis of type, organization size, application and geography.

Breakup by Type:

• International
• Domestic

Breakup by Organization Size:

• Small and Medium Enterprises
• Large Enterprises

Breakup by Application:

• Transportation
• Healthcare
• Construction
• Manufacturing
• Others

Breakup by Geography:

• North America (U.S. & Canada)
• Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
• Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
• Latin America (Brazil, Mexico)
• Middle East & Africa

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

IMARC Group
Email: sales@imarcgroup.com
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 134 N 4th St. Brooklyn, NY 11249, USA
Website: https://www.imarcgroup.com/
Follow us on Twitter: @imarcglobal
Linkedin: https://www.linkedin.com/company/imarc-group

IMARC Group, a leading market research company, has recently releases report titled “Lead Acid Battery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global lead acid battery market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the lead acid battery market?

The global lead acid battery market size reached US$ 33.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 41.5 Billion by 2028, exhibiting a growth rate (CAGR) of 4% during 2023-2028.

What is lead acid battery?

Lead acid batteries are rechargeable batteries that use sponge lead and lead peroxide to convert chemical energy into electrical energy. They comprise negative electrodes attached to a grid of metallic lead and positive electrodes of lead oxides of various compositions. They also contain doping agents, such as selenium, cadmium, and arsenic, to lower the concentrations of impurities. They are maintained by applying a saturated charge for some hours to retain the lead acid properly. They are easy to manufacture, capable of high discharge rates, and highly reliable. They provide stable power backup to electronic devices and are cost-efficient and easily available. Lead acid batteries can efficiently function in both high and low temperatures by retaining their charge. They provide starting, lighting, and ignition (SLI) power sources to electric vehicles (EVs), motorcycles, and micro-hybrid cars. They are also used to offer continuous power supply in golf carts and wheelchairs. Lead acid batteries assist in providing power backups to cellular repeater towers, internet hubs, and various marine vessels. As lead acid batteries are highly durable, they are widely utilized in hospitality, healthcare, data center, telecommunications, oil and gas, mining, chemical, pharmaceutical, and food and beverage (F&B) industries.

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What are the growth prospects and trends in the lead acid battery industry?

The growing adoption of enhanced connectivity systems to increase functionality, reliability, and safety of devices, along with the burgeoning telecommunications industry, represents one of the key factors driving the market. Besides this, there is a rise in the utilization of battery-operated cars and electric bikes worldwide as they are durable, energy-efficient, and eco-friendly. This, coupled with the rising environmental awareness among the masses, is propelling the growth of the market. In addition, the increasing demand for lead acid batteries in railways for lighting and air-conditioning the coaches is contributing to the growth of the market. Apart from this, the growing number of data centers to overcome data complexities, along with the increasing need for uninterruptible power supply (UPS) systems in data centers around the world, is offering a favorable market outlook. Additionally, the rising demand for lead acid batteries for running diesel-electric and nuclear submarines and marine vessels is positively influencing the market. Furthermore, key market players are extensively investing in research and development (R&D) activities to introduce enhanced quality lead acid batteries with increased charging capacity. They are also focusing on mergers and acquisitions (M&A) to build new production plants and boost their product sales, which is expected to bolster the growth of the market.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Product:

• SLI
• Stationary
• Motive

Breakup by Construction Method:

• Flooded
• Valve Regulated Sealed Lead–acid Battery (VRLA)

Breakup by Sales Channel:

• OEM
• Aftermarket

Breakup by Application:

• Automotive
• UPS
• Telecom
• Others

Breakup by Geography:

• North America (U.S. & Canada)
• Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
• Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
• Latin America (Brazil, Mexico)
• Middle East & Africa

Who are the key players operating in the industry?

The report covers the major market players including:

• C&D Technologies Inc.
• Clarios International Inc.
• East Penn Manufacturing Co.
• EnerSys (NYSE: ENS)
• Exide Industries Limited (NSE: EXIDEIND)
• GS Yuasa Corporation (TYO: 6674)
• HBL Power Systems Limited
• HOPPECKE Batterien GmbH & Co. KG
• Leoch International Technology Limited
• Panasonic Holdings Corporation
• Teledyne Technologies Incorporated

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About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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IMARC Group, a leading market research company, has recently releases report titled “Telehealth Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global telehealth market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the telehealth market?

The global telehealth market size reached US$ 15.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 49.8 Billion by 2028, exhibiting a growth rate (CAGR) of 21.6% during 2023-2028.

What is telehealth?

Telehealth refers to the process of delivering various clinical and non-clinical healthcare services through electronic information and telecommunication technologies. It uses several technologies, including videoconferencing, mobile health (mHealth) applications, streaming media, storing and forwarding imaging, and enabling wireless and terrestrial communications. It is also employed for remotely monitoring health, educating medical personnel, and digitally transferring patient data through mobile devices and computers. In addition, it provides convenience, minimized financial burdens, flexibility, remote patient monitoring, and improved compliance with follow-up visits. Owing to these benefits, telehealth is gaining traction among healthcare providers and patients across the globe.

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What are the growth prospects and trends in the telehealth industry?

The market is primarily driven by the increasing incidences of chronic diseases, including diabetes, cancer, and gastrointestinal and neurological disorders. In addition, the growing working population, sedentary lifestyles, and unhealthy dietary patterns are leading to cardiovascular diseases, obesity, and diabetes, is contributing to the market growth. Moreover, the recent onset of the coronavirus disease (COVID-19) pandemic escalated the demand for telehealth to avoid physical contact, curb the spread of the virus, and manage patients remotely, which represents another major growth-inducing factor. Besides this, the emergence of health-tracking mobile applications that allow individuals to monitor and follow a healthy regime is providing a positive thrust to market growth. Along with this, the widespread adoption of wearable devices that help monitor blood pressure, sleep patterns, blood glucose levels, and chronic pain are influencing the market growth. Furthermore, growing health awareness, rising healthcare expenditure, and extensive research and development (R&D) activities in the fields of medical sciences and telecommunication technologies are creating a favorable market outlook.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Component:

• Software
• Hardware
• Services

Breakup by Communication Technology:

• Video Conferencing
• mHealth Solutions
• Others

Breakup by Hosting Type:

• Cloud-Based and Web-based
• On-Premises

Breakup by Application:

• Teleconsultation and Telementoring
• Medical Education and Training
• Teleradiology
• Telecardiology
• Tele-ICU
• Tele-Psychiatry
• Tele-Dermatology
• Others

Breakup by End-User:

• Providers
• Patients
• Payers
• Others

Breakup by Region:

• North America (U.S. & Canada)
• Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
• Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
• Latin America (Brazil, Mexico)
• Middle East & Africa

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Who are the key players operating in the industry?

The report covers the major market players including:

• Aerotel Medical Systems
• Allscripts Healthcare LLC
• AMD Global Telemedicine Inc.
• American Well Corporation
• Biotelemetry Inc.
• Cerner Corporation
• Cisco Systems Inc.
• GE Healthcare Inc. (General Electric),
• Honeywell Life Care Solutions
• Medtronic Inc.
• Philips Healthcare
• Teladoc Health Inc.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Email: sales@imarcgroup.com

Follow us on Twitter: @imarcglobal

LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/

IMARC Group, a leading market research company, has released a report titled “United States Cigarette Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. According to the report, The United States cigarette market size reached US$ 82.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 81.8 Billion by 2028.

Cigarettes refer to narrow cylindrical tobacco products that are lighted on one end to inhale the resulting smoke. They are available in various shapes, colors, intensities and flavors in the United States. Currently, the increasing number of adult smokers is positively influencing the demand for cigarettes in the country.

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United States Cigarette Market Trends and Drivers:

Hectic schedules and stressful lives of individuals, along with the easy availability of distinctive and innovative cigarette flavors, such as clove, anise, citrus, spearmint and wintergreen, are bolstering the growth of the cigarette market in the United States. Furthermore, these products are economically feasible as they are available from extremely low to high range. Moreover, several manufacturers are offering the products at discounted rates to retailers to reduce the overall costs of cigarettes. They are also launching sophisticated packaging to build brand image and expand their customer base. Additionally, several market players are adopting various advertising strategies, such as public hoardings and sponsoring various public events to reach out to a broader audience in the country. All the factors mentioned above are anticipated to further drive the market for cigarettes in the coming years.

Report Segmentation:

The report has segmented the market into the following categories:

Market Breakup by Type:

• Light
• Medium
• Others

Market Breakup by Distribution Channel:

• Tobacco Shops
• Supermarket and Hypermarkets
• Convenience Stores
• Online Stores
• Others

Market Breakup by Region:

• Northeast
• Midwest
• South
• West

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If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

IMARC Group

Email: sales@imarcgroup.com

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Address: 134 N 4th St. Brooklyn, NY 11249, USA

Follow us on Twitter: @imarcglobal

IMARC Group, a leading market research company, has released a report titled “Digital Gift Card Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. According to the report, The global digital gift card market size reached US$ 343.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 827 Billion by 2028, exhibiting a growth rate (CAGR) of 15.23% during 2023-2028.

A digital gift card is a modern and electronic version of the traditional gift voucher, crafted to be used as an alternative to physical gift cards. It provides a versatile and secure means to gift a monetary value that can be redeemed through online platforms or at physical retail locations. It includes technology such as QR codes and secured digital credentials and can be delivered instantly via email or mobile applications, thus minimizing the waiting time and the potential loss or damage associated with physical cards. They cater to the rapidly growing preference for digital and cashless transactions and offer a tailored gifting solution that meets the expectations of the modern consumer. Digital gift cards have increasingly become an essential part of modern consumer behavior, appealing to a wide range of demographics and satisfying diverse purchasing needs. They eliminate the necessity for physical handling or shipping, thus saving time and reducing environmental impact. These cards can often be customized with personalized messages or themes, making them an attractive and thoughtful gift option. As a reflection of the growing technological trends and consumer preference for online shopping, digital gift cards are seamlessly fitting into the global shift towards digitalized retail and e-commerce practices.

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Digital Gift Card Market Trends and Drivers:

The global digital gift card market is witnessing remarkable growth, propelled by a convergence of factors that tap into technological advancements, changing consumer preferences, and strategic business interests. Firstly, the proliferation of smartphones and increased internet connectivity has made digital gift cards more accessible to a broader audience. these cards cater to the convenience-driven consumer behavior prevalent today due to the ease of purchase and instant delivery.  In addition, businesses are leveraging digital gift cards to enhance customer engagement and retention strategies. They serve as a flexible tool for promotional activities, enabling businesses to attract new customers and incentivize repeat purchases. The introduction of secure and user-friendly payment options further builds consumer trust and promotes adoption. Additionally, the trend toward personalized and customized gift options is accelerating the attractiveness of digital gift cards. Furthermore, the rise in e-commerce platforms and the acceptance of digital payments across various industry sectors is contributing to the market’s steady expansion. These market dynamics, along with innovations in technology and increasing awareness of eco-friendly practices, are paving the way for continued growth in the global digital gift card market. The strategic alignment of these factors with business goals and consumer demands solidifies the position of digital gift cards as an integral component of the modern retail landscape.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Card Type:

• Open Loop Gift Card
• Closed Loop Gift Card

Breakup by Business Type:

• Business to Business (B2B)
• Business to Consumer (B2C)

Breakup by Application:

• Food and Beverage
• Health, Wellness and Beauty
• Apparel, Footwear and Accessories
• Books and Media Products
• Consumer Electronics
• Restaurants and Bars
• Kids Products
• Others

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Competitive Landscape with Key Player:

• Amazon.com Inc.
• American Express Company
• Apple Inc.
• Blackhawk Network Holdings Inc.
• First Data Corporation
• Fiserv Inc.
• Givex Corporation
• InComm Inc.
• Paytronix Systems, Inc.
• Qwikcilver Solutions Pvt Ltd (Pine Labs)

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If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

IMARC Group

Email: sales@imarcgroup.com

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Address: 134 N 4th St. Brooklyn, NY 11249, USA

Follow us on Twitter: @imarcglobal