How COVID-19 Pandemic Will Impact on Computer Aided Drug Discovery Market Growth in 2020 and Coming Future?

 The Covid-19 pandemic is anticipated to affect the worldwide computer aided drug discovery market positively. The respiratory disease therapeutic segment will generate a considerable amount of the global market share. The pharmaceutical end-user segment is anticipated to reach newer heights. The structure-based drug design segment is foreseen to overwhelm the global market share. The Asia-Pacific region will generate huge investment opportunities in the conjecturetime frame. The key players of the market are concentrating on various strategies to sustain in these trying times.

The sudden eruption of COVID-19 pandemic has imposed positive impact on the computer aided drug discovery market. Widespread coronavirus has influenced numerous medical organizations for the advancement of vaccines to treat infected persons around the world. According to a recent publication by Pharmaceutical Science and Computational Chemical Genomics Screening Centre, distinguishing proof of antibody or medication treatment for COVID-19 is studied using the computational drug repurposing method. This study has contributed to the development of vaccine for COVID-19 infection. Also besides, it stated that computer-aided drug design is an efficient procedure to contemplate the 3-dimensional structure of virus protein. Likewise, chloroquine phosphate is utilized for the treatment of COVID-19 infected persons. But according to publication made by Dr. Talluri Sekhar, this chloroquine is used to treat a few patients. Thus several studies are carried out to study the genomic structure and develop chloroquine with the help of computer-aided technology to utilize it on severely ill patients.

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In addition, a team of Chinese scientists stated that the high-resolution crystal structure of the COVID-19 virus has been studied and developed an antiviral drug that can combat the virus. This protease structure was studied using virtual drug screening and structure-assist drug design. Thus these factors are driving the demand of the global computer aided drug discovery market in the forecast period of time. During this unique situation, our analysts are helping our clients in understanding the impact of COVID19 on the Computer aided drug discovery Market by providing them with an in-depth analysis.

Our report includes:

• Technological Impact
• Social Impact
• Investment Opportunity Analysis
• Pre- & Post-COVID Market Scenario
• Infrastructure Analysis
• Supply Side & Demand Side Impact

as per a recent report published by research dive, the global computer aided drug discovery market is set to generate a revenue of $5,427.2 billion by 2026, at a cagr of 16.9% during the forecast period from 2019 to 2026.

The global CADD market has been fragmented on the basis of type, therapeutic area, end-user and region. The computer aided drug discovery report provides in-depth insights on drivers, vital segments, opportunities, restraints, and key players of the market. As per our analysts, increased utilization of CADD method for various phase of drug development is expected to drive the global computer aided drug discovery market. However,it is difficult to copy and simulate the complete biological system on a computer system and flexibility are the factors restraining the market growth.

• Structure-Based Drug Design Type to Have Dominant Share

Based on type, the global computer aided drug discovery market is classified into structure-based drug design (SBDD), ligand-based drug design (LBDD), and sequence-based approaches. The structure-based drug design segment represented $489.8 billion income in 2018 and is anticipated to develop at 17.3% CAGR by the end of 2026. This design is the developing iterative and ground-breaking approach for auxiliary assessment of drug discovery process and it is cost-effective method as compared to other design type.

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• Respiratory Disease Therapeutic Area to be Most Lucrative

In view oftherapeutic area, the global market for the computer aided drug discovery is segmented into oncology, neurology, cardiovascular disease, respiratory disease, diabetes and others. The market size for the respiratory disease accounted for $243.4 billion in 2018 and is estimated to grow with the highest CAGR of 17.3% CAGR by 2026. This development is attributed to the fast ascent in the respiratory issues due to growing prevalence for smoking and COVID-19 patients.

• Pharmaceutical Companies to be Most Lucrative

On the basis of end-user, the computer aided drug discovery market is divided into pharmaceutical companies, biotechnology companies, research institutes and others. Pharmaceutical company segment is anticipated to dominate the global computer aided drug discovery market. Pharmaceutical company vertical accounted for $452.9 billion in 2018 and is projected to grow with a CAGR of 17.2% during the projected time frame. The growth is attributed due to the increasing demand for development of appropriate vaccine to treat COVID-19 patients around the world.

• Geographical Analysis and Major Market Players

Based on the region, the global computer aided drug discovery market is segmented into North America, Europe, Asia Pacific, and LAMEA. The Asia-Pacific computer aided drug discovery market accounted for $411.3 billion in 2018 and is anticipated to rise at 17.6% CAGR throughout the forecast period. The growth is majorly attributed to the presence of major key-players in this region and their increasing investments for research & development activities to widen the utilization of CADD.

The major players of the global computer aided drug discovery market include BOC Sciences, BioDuro, Schrödinger, Aris Pharmaceuticals, Aragen Bioscience, Albany Molecular Research Inc. (AMRI), Charles River, AstraZeneca, Evotec A.G., and Bayers AG.

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Potential Impact of COVID-19 on Chromatography System Market: What to Expect from Industry in 2020?

 The COVID-19 crisis is expected to impact global chromatography systems market in an affirmative way. Liquid chromatography type will harvest highest revenue of the global market shares. Pharmaceutical and biotechnology end-user segment will produce peak revenue in the global market share. The Asia-Pacific region will take over the global market share in the forecast period. The key players are concentrating on various strategies to sustain in these tough times.

The world is facing an unpredicted change and many of the industries are experiencing thought aggravating situation due to the COVID-19 pandemic. The COVID-19 outbreak has positively impacted the chromatography system market. Upsurge in the utilization of chromatography systems for separation of complex mixtures and identification of cancer cells in the human body is a major growth driver. Moreover, it is also utilized for testing drinking water, plasma fractionation and insulin purification. During this coronavirus crisis situation, we are helping our clients in understanding the impact of COVID-19 on the chromatography system market.

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Our report includes:

• Technological Impact
• Social Impact
• Investment Opportunity Analysis
• Pre- & Post-COVID Market Scenario
• Infrastructure Analysis
• Supply Side & Demand Side Impact

According to a new report by Research Dive, the global chromatography system market is estimated to generate revenue of $16,304.0 million by 2026, at a CAGR of 6.9% in the forecast time from 2019 to 2026. The global chromatography systems market is bifurcated on the basis of type, end use and region. The report provides detailed information about drivers, opportunities, restraints, segmental analysis and competitive players of the market. As per our analysts, growing demand for chromatography techniques in various end-use industries such as hospitals, agriculture, food industry, and pharmaceuticals is significantly increasing the demand of the chromatography systems. However, requirement of highly skilled persons to operate the system, increased cost of the equipments and complexity involved in the chromatography systems are expected to hamper the chromatography system market growth.

• Liquid Chromatography Segment has Dominant Market Share

In light to type, the overall market is segmented into liquid chromatography, gas chromatography, and others. Among these, liquid chromatography technique subjugated the market in the year 2018 and is expected to register for $6,567.9million in 2026. HPLC is widely used liquid chromatography techniques owing to its beneficial properties such as use of slid adsorbent material, rapid separation rate, and use of pump rather than gravity for separation of solvents. In addition, it is also utilized in the analysis of various applications such as polymers, clinical fields, plastics, and environmental monitoring will accelerate the growth of the market in the projected time.

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• Pharmaceutical and Biotechnology End Use Will Grow at a Significant Rate throughout the Forecast Years

On the basis of end use, the chromatography system market is classified into hospital & research, pharmaceutical & biotechnology, and agriculture & food industry. The market for pharmaceutical & biotechnology will witness to mount at a faster rate of 7.3% CAGR and is predicted to register for $5,651.4 million till the end of 2026. Chromatography technique has gained importance in the pharmaceutical industry owing to the ability to identify and quantify drugs that may be in both forms i.e., formulation or active pharmaceutical ingredient. In addition, chromatography technique in pharmaceutical and biotechnology end-user is utilized for content uniformity, drug development, and validation of drugs; these factors will fuel the market size in the forecast time. Hospital & Research Industry end use segment accounted for an evident market size and is projected to experience considerable growth during the forecast time.

• Regional Outlook and Major Market Players

Asia-Pacific market has dominated the global market share, and is estimated to reach up to $3,283.9 million till 2026. Asia-Pacific region has gained increased importance of chromatography techniques due to widen utilization of this techniques for various purposes such as evaluation of heavy metal pollution materials, chemical composition analysis of Toona Sinensis bark by using gas chromatography, and filtration of municipal waste water. For example, Waste Water Treatment Plant based in Tianjin successfully used chromatography technique for separation of waste from municipal water. Asia-Pacific RO water treatment system component market will experience a noteworthy growth and projected to generate revenue of $3,283.9 million by the end of 2026, at a CAGR of 7.5%.

The most prominent players in the global chromatography system market include Agilent Technologies, Perkin Elmer, APIX, Thermo Fisher Scientific Inc., Xylem (OI Analytical), CDS Analytical, Shimadzu Corporation, Waters Corporation, Jasco Inc, Bio-Rad Laboratories and others.

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Regional Outlook: Ozone Generation Market by Key Vendors, Challenges and Opportunities 2027

 ozone generation market is projected to reach $1,624.6 million by 2026 growing at a cagr of 5.2% in the projected timeframe.

Ozone is produced by electricity passing through an air tube as in a lightning strike. Ozone generators are mostly used to deodorize air, purify water, and treat industrial waste. These generators are sold as air cleaners, which produce ozone gas used for the further purification processes.

The novel coronavirus is predicted to have a negative impact on the global ozone generation market. Most organizations have shut down due to the pandemic. Ozone generators are majorly used for purifying water. As people are focusing more on keeping themselves protected by taking precautionary measure due to the corona virus outbreak the demand for safe water has increased. This is predicted to drive the market at the time of the pandemic. When the unlock procedure starts the demand for ozone generators is predicted to increase, which will give rise to the global ozone generators market in the forecast period.

An ozone purifier is an air purifier that produces ozone. Ozone generators are used to purify and disinfect water from various germs and other contaminants. Ozone generators are excellent disinfectants and have oxidation qualities, which is why ozone is widely used in treating drinking water. Increasing demand for drinking water with the rise in the population is predicted to be the major driving factor for the global ozone generator market in the estimated period. Moreover, with the rise in urbanization, the demand for water is also expected to increase across the globe which is predicted to boost the global market in the estimated period.

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Lack of awareness among the population about ozone generators is predicted to be the biggest restraint for the market in the estimated period. There is a high demand of ozone generators in various end use industries but the lack of awareness and high installation cost of these generators is predicted to hinder the market growth in the forecast period.

Corona discharge sub-segment is predicted to have the highest market share in the estimated period. The corona discharge sub-segment is projected to reach $624.4 million by 2026, growing at a CAGR of 5.9% in the estimated time frame. Corona discharge is considered to be the most durable and reliable ozone generators. Moreover, the corona discharge rays generators have the highest frequency as compared to UV rays generators, which is predicted to drive the corona discharge sub-segment market in the estimated period.

Potable water treatment sub-segment is predicted to have the maximum growth rate in the estimated period. The Potable water treatment sub-segment is projected to reach $517.4 million by 2026, growing at a CAGR of 7.5% in the estimated time frame. Potable water treatment helps in removing contaminants such as soil sediments, rust and others, which ensures the safety of water for drinking and is predicted to drive the sub-segment market in the estimated period.

Asia-Pacific region market is predicted to have the highest growth rate in the forecast period. The Asia-Pacific region market is projected to reach $670.3 million by 2026, growing at a CAGR of 7.3% in the estimated time frame. Rise in the population with the rise in the urbanization and industrialization alongside the regulatory bodies taking various initiatives for treating wastewater across the region is predicted to drive the region market in the forecast period. In addition, rise in the disposable income among the middle-class population in countries, such as China and India, is predicted to drive the region market in the forecast period.

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Some of the significant ozone generation market players include Absolute Systems Inc., Chemtronics Co. Ltd, Custom Molded Products LLC, Dayton Water Systems, Ebara Technologies Inc., Esco International Limited, International Ozone Technologies Group, Inc., Mitsubishi Electric Corp., Toshiba Infrastructure Systems & Solutions Corporation and Suez Water Technologies & Solutions among others.

Porter’s Five Forces Analysis for Ozone Generation Market:

• Bargaining Power of Suppliers: The switching cost from one supplier to another is projected to be high.
The bargaining power of suppliers is very high.

• Bargaining Power of Consumers: In this market, the concentration of buyers is low.
The bargaining power of consumers is low.

• The threat of New Entrants: Huge initial investments are essential to start a new manufacturing unit of ozone generators.
The threat of new entrants is high.

• The threat of Substitutes: This market has less number of products and the availability of products is also less due to which switching costs for clients is low.
The threat of substitutes is low.

• Competitive Rivalry in the Market: The ozone generators have numerous small, medium and large, scale players. Many major players are following several strategies, and product differentiation among them. The competitive rivalry in the industry is high.

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Why Dynamics of Contract Development And Manufacturing Organization Market Is Changing Drastically? What If History Is Any Guide?

 The outburst of Coronavirus pandemic is expected to create an optimistic impact on the global market for contract development and manufacturing organization. The contract manufacturing organization segment is projected to unlock lucrative opportunities for the growth of the market. The Asia Pacific region is anticipated to show substantial growth throughout the forecast period. The leading players of the market are implementing numerous business tactics to withstand their business during this disastrous situation.

The unexpected rise of COVID-19 disease has created a positive impact on the financial growth of numerous countries worldwide. A latest report by Research Dive divulges that the contract development and manufacturing organization market is projected to gather $315.7 billion by 2026, rising at a CAGR of 12.4% from 2019 to 2026. The report states that this market is expected to experience significant growth after the end of this pandemic. It offers a comprehensive analysis of the COVID-19 impact on the drivers & limitations, key segments, opportunities, and major players of the global industry.

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• Factors Driving the Market Growth amidst COVID-19 Crisis

Several organizations will be in an attempt to speed up their productivity to fulfill the growing demand, after the end of the covid-19 pandemic. Such bigger companies are therefore, expected to appoint contract development and manufacturing organizations to overcome the losses suffered in the course of the crisis. Furthermore, numerous government bodies are coming up with innovative plans to fuel the growth of contract development and manufacturing organizations; so that these organizations can support the other larger organizations to upsurge their productivity.

• Contract Manufacturing Organization Segment Anticipated to Unlock Lucrative Growth Opportunities

Based on service, the report categorizes the market into contract manufacturing organization and contract research organization. Among these, the contract manufacturing organization segment is expected to garner $224.1 billion by 2026, rising at a CAGR of 12.1% throughout the projected period. Contract development and manufacturing organizations are specifically beneficial in medical industries for manufacturing of medicines, trials of drugs, and commercial medications.

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• Regional Outlook of the Market

Based on region, the report assesses the market across Europe, North America, Asia-Pacific, and LAMEA. Among these, the Asia-Pacific market is expected to progress with a CAGR of 13.2% throughout the projected period. This is chiefly due to the presence of many major companies and accessibility of reasonably priced labor force in this region.

• Major Market Players

Some of the foremost market players in contract development and manufacturing organization industry are Thermo Fisher Scientific Inc, FAMAR Health Care Services, The Lubrizol Corp, Siegfried Holding AG, Lonza Group Ltd, Aenova Holding GmbH, Recipharm AB, FAREVA SA, Catalent Inc, Almac Group Ltd, and others. These players are applying various business tactics such as mergers and acquisitions, regional expansions, collaborations & partnerships, and novel developments to survive during this nerve-wracking period.

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COVID-19 Impact: What Challenges Airway Management Devices Market May See In Next 5 Years?

 The outburst of COVID-19 pandemic has impacted the global airway management devices market is a positive way. Top medical device companies are currently focusing on the development of advanced airway management devices to fulfill the growing demand.

The newest report on the global airway management devices market published by Research Dive divulges the effect of COVID-19 pandemic on the present and forthcoming growth of the market. This report is a useful document for stakeholders, investors, market players, and new players in search of comprehensive information on the current status of the market growth.

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• Key Highlights of the Report:

With the emergence of COVID-19 pandemic, there has been a significant rise in the growth rate of the global market for airway management devices. The report states that the global airway management devices market had generated a revenue of $1,230.8 million in 2018 and is projected to garner $2,350.7 million by rising at a growth rate of 8.6% by 2026. In the current year, the market size has reached nearly $1,450.5 million due to the growing usage of airway management devices in the cure of COVID-19 infected patients.

• Factors Driving the Market Growth during COVID-19 Pandemic:

As per the report, growing adoption of airway management devices to treat COVID-19 patients is propelling the growth of the global airway management devices market . Furthermore, it has been evaluated that numerous top medical device companies in this sector are working on the development of advanced versions of these devices, and therefore, fueling the growth of the global market.

• Response of Market Players to the COVID-19 Disaster:

Some of the foremost companies in this market are hugely investing in the development and production of innovative airway management devices to cope with the demand and requirements for medical devices in the course of this crisis. For example, Israeli Medtech Company has manufactured devices to lessen the complications confronted in mechanical ventilators which help in guarding respiratory systems, reduce the ventilation complication in tubbed patients, and decrease the contact of medical professionals to infections.

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Apart from Israeli Medtech, the other leading players functioning in this market are Intersurgical, VBM Medizintechnik, Teleflex, KARL STORZ, Ambu A/S, Smiths Medical, Flexicare, SunMed, Vyaire Medical, Medtronic, and others.

• Future Scope of the Market:

As per the report, the global airway management devices market is projected to observe augmented growth after the end of COVID-19 pandemic owing to the rising requirement for airway management devices in the treatment for respiratory ailments. Furthermore, technical developments in such devices are expected to boost the growth of the market in the forthcoming years. Market players active in this market are projected to bring in pioneering developments and unlock lucrative opportunities for the progress of the market in the near future.

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Corona Impact: Is Portable Oxygen Kit Market will Propel at a Defining Pace 2020

 The sudden outburst of COVID-19 has positively impacted the growth of the global portable oxygen kit market. The rising demand for oxygen kits from several parts of the world is fueling the growth of the market. Government schemes are immensely promoting the production of portable oxygen kits and are expected to offer lucrative opportunities for market players during the pandemic.

The recent research report on the global portable oxygen kit market by Research Dive states the impact of COVID-19 pandemic on the current and future growth of the market. This report is an in-depth research formulated by analyzing major regional market conditions, key driving factors, and size & scope of the market.

• Highlights of the Report

The unexpected outbreak of COVID-19 disease has shown a positive impact on the global portable oxygen kit market.

According to the report, the global portable oxygen kit market had garnered a revenue of $1,372.6 million in 2018 and is expected to surpass $2,871.3 million by 2026, growing at a CAGR of 9.9% during the crisis period.

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The size of the market in the current scenario has reached $1,655.6 million due to the augmented use of high-grade portable oxygen kits in ambulances, hospitals, and home first-aid kits during this pandemic period.

• Factors Impacting the Market Growth during the Covid-19 Pandemic

The global market is expected to experience momentous growth during the coronavirus crisis owing to the rising requirement and demand for oxygen kits for treating patients all over the world. Furthermore, the usage of advanced technologies in the portable oxygen kits is likely to boost the market growth post-COVID pandemic.

• Current Market Transformation Due to Covid-19:

In the course of this pandemic, some of the key players in this market are offering portable oxygen kits at cheap prices for gaining customer’s trust and loyalty. For example, high-quality portable kits from renowned brands such as Devilbiss, Respironics (Philips), and Nidek are available at affordable prices ranging from $39.0 to $266.0 during this pandemic state. Such activities are anticipated to bring in rewarding opportunities for the market players after the end of the crisis period.

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Moreover, government bodies all over the world are supporting manufacturing companies for the production of oxygen kits. For instance, the Drug Controller General of India (DGCI) has legalized oxygen kit producers for the manufacturing of medical oxygen. Additionally, the UPPCB (Uttar Pradesh Pollution Control Board) has also relaxed the strict protocols for the manufactures of oxygen kits in the course of this pandemic period.

• Future Scope of the Market:

As per the report the global portable oxygen kit market is projected to undergo substantial growth post-coronavirus pandemic. New players and some of the major players including Nidek Medical Products, Inc., Teijin Aramid B.V, Invacare Corporation., Koninklijke Philips N.V., Inogen, Inc., DeVilbiss Healthcare LLC, Worthington Industries, O2 CONCEPTS, LLC., Inova Labs Inc., and Chart Industries, Inc. are expected to have lucrative opportunities for market growth in the upcoming years.

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Why Organ Care System Market Heart May Skyrocket: Study Revealed Which Players May Turn Game

 The outburst of COVID-19 pandemic has left a positive impact on the global organ care system for heart market growth. Growing cases of congestive heart failure (CHF) during Coronavirus pandemic is fueling the growth of the global market.

The latest report on the global organ care system for heart market published by Research Dive confers the effects of Coronavirus disease on the current and forthcoming growth of the market. This report is an exhaustive research presented by analysts by studying all the important aspects including current market conditions, key drivers and restraints, opportunities, and size & scope of the global market.

• Key Statistics of the Market

The COVID-19 pandemic has shown a positive impact on the global market for organ care system for heart market. The report states that the global organ care system for heart market was valued at $10.97 million in 2018 and is anticipated to collect a revenue of $44.02 million by rising at a CAGR 19.4% by 2026. In the current condition, the market has gathered a revenue of $15.6 million because of the effect of COVID-19 disease on heart, causing an increase in the number of heart failures all across the globe.

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• Factors Thriving the Market Growth during Covid-19 Crisis

The global market for organ care system for heart is estimated to witness incredible growth due to growing cases of congestive heart failure (CHF), in the course of the covid-19 pandemic. Furthermore, a senior surgeon employed at Beth Israel Deaconess Medical Centre stated that deaths of COVID-19 patients are generally due to the failure of organs, which is supplementing the progress of the market throughout this crisis period. However, dearth of ventilators, absence of healthy organs, and inadequate medical staff has caused a significant decline in the number of heart transplant operations, thus hindering the growth of the global market.

• Current Condition of the Market Owing to Coronavirus Outbreak:

Some of the leading medical firms in this market are coming forward and helping patients by offering advanced organ care systems in the course of this pandemic period. Increase in R&D activities in North America for enhancing the storage time of organ care system for heart is unlocking beneficial opportunities for the growth of the market.

The fatal COVID-19 virus is predictable to have an adverse effect on heart, resulting in a cardiac arrest. As per a latest article, several healthcare professionals from China and Italy stated that COVID-19 patients are also suffering from cardiac problems along with breathing issues. Therefore, there is an augmented demand for organ care system for heart during this catastrophic condition.

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• Future Scope of the Market:

As per the report, the global organ care system for heart market is expected to experience incessant development post-coronavirus pandemic. Some of the foremost players including Organ Assists BV, Transplant Biomedical, TransMedics Inc., XVIVO Perfusion AB, Bridge to Life Ltd., Organ Recover Systems Inc., Paragonix Technologies Inc., Water Medical Systems LLC, Organ Transport Systems Inc., OrganOx Limited., and others are likely to invent and unveil innovative developments and bring in lucrative opportunities for the market growth in the upcoming years.

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Driving Innovation: Flexible AC Transmission Market - Future Growth, & Forecast to 2027

 s per flexible ac transmission systems (facts) market analysis by research dive, the overall market forecast will be $1,229.6 million by 2027, at an 8.0% cagr, growing from $641.3 million in 2019.

• Flexible AC Transmission System Market, COVID-19 Effect:

The pandemic of the novel coronavirus is expected to impact the global flexible AC transmission system market growth in a negative direction. During the lockdown period, oil & gas industry has drastically declined across the globe, owing to dearth of workforces, resulting in decreased production capacity and demand for petroleum owing lockdown. Thereby, this factor has eventually impacted the global oil & gas industry and indirectly impacted the FACTS market growth in the pandemic time. Nevertheless, in recent times, UK government has announced new funds plan for energy sector to support during the pandemic. The government has released about $75 million to energy industry including oil & gas industry to help attract private investors into energy sector. This factor has had a positive impact on the global market growth in the crisis time.

• Flexible AC Transmission System Market, Dynamics:

Increasing electrification and innovation in the transmission networks especially in developing economies are significantly driving the flexible AC transmission systems market growth in the forecast time. This expected growth is majorly owing to increasing investments by several economies in modernizing and expanding power grids across the globe. For instance, in China, the government has invested about $66 billion in modernization of energy generation systems since 2003. In addition, increasing demand for FACTS devices from renewable electricity generation systems such as solar plants and wind power plants is expected to generate massive growth prospects in the global market throughout the forecast time. This expected growth is attributed to FACTS devices playing an important role in ensuring reliable and stable energy grid operation in the electricity generation plants. These factors are predicted to accelerate the market growth in the analysis period. However, huge financial investments are needed for the installation and maintenance of advanced flexible AC transmission systems, which is significantly hampering the growth of the market.

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• Flexible AC Transmission System Market, Segmentation Overview:

Combined series-shunt compensation type accounted for second highest flexible AC transmission market size; it valued about $222.7 million in 2019 and is expected to rise at a notable rate of 9.7% CAGR during the forecast time. This compensation is a combination of series and shunt types that has ability to inject voltages in series part and injecting currents in shunt part to provide improved voltage controllability. This aspect is estimated to impel the demand for combined series-shunt compensation type, which is predicted to drive the market growth in the forecast timeframe.

STATCOM controller sub-segment will witness a remarkable growth during the forecast time and is predicted to reach up to $219.1 million by 2027, at an 11.3% CAGR. Increasing demand for STATCOM controller from energy utility sector for incorporation into existing energy transmission systems to support energy networks that have a poor power factor and voltage regulation is estimated to impel the market growth in the upcoming decades.

Electric utility industry vertical sub-segment was the highest revenue contributor of the FACTS market in 2019 and is estimated to account for $269.9 million till the end of 2027. FACTS has an important role in enhancing control in green-field and existing transmission networks as well as it has the capability to improve efficiency of longer distance power transfer in the electric utility sector, which is estimated to accelerate the market growth in the review period.

Asia-Pacific market generated $95.3 million in 2019; it is expected to witness a noteworthy growth and is estimated to grow at a faster rate of 9.4% CAGR throughout the projected time. This expected growth is attributed to increasing adoption of flexible AC transmission systems in the end use industries especially railway sector to modernize the network infrastructure across the Asia-Pacific. In addition, government favorable activities to build advanced energy grid systems and increasing investments for renewable energy generation networks are projected to increase demand for FACTS devices, which is estimated to fuel the market growth in the review time.

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• Flexible AC Transmission System Market, Significant Market Players:

The major players in the global flexible AC transmission system market are Adani Group, cgglobal.com, Eaton, General Electric, Mitsubishi Electric Corporation, Siemens ABB, NR Electric Co., Ltd., Alstom, and HYOSUNG.

Porter’s Five Forces Analysis for Flexible AC Transmission Systems Market:

• Bargaining Power of Suppliers: This market includes high number of dealers and high expenditure required for installation are delivering high costs of the systems. The bargaining power of dealers is MODERATE.

• Bargaining Power of consumers: This market has huge number of buyers that produce high demand for FACTS systems. However, the cost of these systems is high. The negotiating power of the consumer is MODERATE.

• Threat of New Entrants: Heavy initial expenditure is needed for the installation and maintenance of FACTS. Also, increasing demand from end use industries is projected to generate notable growth. These factors are resulting MODERATE threat of new entrants into the industry.

• Threat of Substitutes: Flexible AC transmission system market contains less alternatives and delivering LOW risk of substitutes.

• Competitive Rivalry in the Market: This market consists of huge number of leading manufacturers. These manufacturers are focusing on product advancements by investing in R&D to gain competitive edge. This factor is resulting in HIGH competitive rivalry in the industry.

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Industry Dynamics: Cellular Glass Market Revenue, Growth Rates, and Industry Challenges in 2020-2027

 the global cellular glass market forecast shall cross $724.8 million by 2027, growing at a cagr of 5.4%.

Cellular glass is a type of insulation composed of crushed glasses and a material like limestone or carbon. Cellular glass is used to produce insulation panels for various structures. These cellular glasses are very light weight and float in water. Cellular glass is moisture resistant, natural flame resistant, and is not affected by any chemicals and insects.

The novel coronavirus has impacted the cellular glass market in a positive manner in the estimated period. The cellular glass are mostly used in construction activities. With the rise in construction activities across the globe is predicted to drive the cellular glass market. As it has been noticed that most of the industries are closed and the operational flow within the organisaiton have stopped which have impacted the market negatively in 2020. As cellular glasses are used in the industrial and construction sites, once the unlock procedure begins the operational work for these industries will resume. As a result the demand for cellular glass will increase which will give rise to the global cellular glasss market in the estimated period.

Increase in the utilization of cellular glass in various construction and building applications is predicted to foster the demand of the global cellular glass in the estimated period. Cellular glass offers multiple benefits such as reduced risk of humidity for construction, being air and vapor tight, non-combustible, unaffected by rodents & ants and others, which may drive the global market in the estimated period. Moreover, with a rise in population, the construction activities have also increased, resulting in enhanced demand for cellular glass.

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The cost of cellular glass as compared to other insulation materials is very high, which is predicted to be the biggest restraint for the global cellular market in the estimated period. In addition, presence of alternative insulating material known as phenolic insulants that cost less than cellular glass is expected to hamper the market growth in the forecast period.

Foam glass gravels sub-segment is predicted to have the highest market growth in the estimated period. Foam glass gravels sub-segment is predicted to generate a revenue of $249.2 million by 2027 with a CAGR of 6.2% in the forecast period. The foam glass gravels are used in a wide range of applications as it is highly stable and a versatile product in building and infrastructure, which is predicted to boost the sub-segment market in the estimated period.

Open cell sub-segment is predicted to have maximum growth rate in the forecast period. Open cell sub-segment is predicted to generate a revenue of $277.6 million by 2027 with a CAGR of 5.8% in the forecast period. Open cell sub-segment is excellent for soundproofing where a single cellular glass can fill the area between any gaps in a construction. Moreover, the open cellular glass is affordable as compare to closed cellular foam, which is predicted to drive the sub-segment market in the estimated period.

Industrial sub-segment is predicted to have the highest market growth rate in the estimated period. Industrial sub-segment is predicted to generate a revenue of $239.1 million by 2027 with a CAGR of 6.2% in the forecast period. Increasing use of cellular glass in the industrial sector for various construction activities is predicted to boost the sub-segment market in the forecast period.

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Europe region market is predicted to generate a revenue of $75.5 million by 2027 with a CAGR of 5.8% in the forecast period. Presence of major test plans and various committees to ensure the quality production of cellular glass has increased with the use of material in on-shore and off-shore oil & gas industry owing to the explosion resistance and jet fire resistance. Asia-Pacific region market is predicted to generate a revenue of $404.3 million by 2027 with a CAGR of 5.6% in the forecast period. Using cellular glass for pavement insulation has reduced the occurrence of deterioration of road, asphalt concrete cracking, and pothole formation problems. Development of granular material known as foam glass aggregates (FGAs) that are manufactured using recycled glass has reduced the disposal problem of untreated glass materials. Due to these factors, the region market is predicted to grow in the estimated period.

The major key players in the global cellular glass market players are CNUD-EFCO Operations S.A., Owens Corning, Amity Insulation Group Inc., SZECO Insulation Technology Co. Ltd., Zhejiang Zhenshen Insulation Technology Corp., Ltd., Zhejiang Dehe Insulation Technology Co., Ltd., Benarx, Jahan Ayegh Pars Co., Pinosklo, Polydros Sociedad Anonima (S.A), and others.

Porter’s Five Forces Analysis for Cellular Glass Market:

• Bargaining Power of Suppliers: The switching barrier from one supplier to the other supplier is predicted to be high.
The bargaining power of suppliers is HIGH.

• Bargaining Power of Buyer: Due to the multiple benefits there are multiple choice for the buyers due to which the buyers have multiple option.
The bargaining power of the buyer is MEDIUM.

• Threat of New Entrants: Government regulatory policies coupled with higher cost associated with R&D offer low threat of entry from new competitors.
The threat of new entrants is LOW.

• Threat of Substitutes: The threat of the alternative product is low as there are less number of competitors in the market.
The threat of substitutes is LOW.

• Competitive Rivalry in the Market:. Market players are mainly following technological advancements, alternative business strategies such as strategic partnerships; this is also a key factor for high competitive rivalry in the global cellular glass market.
The competitive rivalry in the industry is HIGH.

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