Non invasive Prenatal Testing Market Size, and Research Report 2018 by Regions, Industry Performance and Forecast to 2027

Research Nester released a report titled “U.S. Non-Invasive Prenatal Testing Market: Demand Analysis & Opportunity Outlook 2027” which delivers detailed overview of the U.S. non-invasive prenatal testing market in terms of market segmentation by product, by application, by end user and by region.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

Non-invasive prenatal testing is a screening method that involves determination of any chromosomal abnormalities in the fetus. The market for non-invasive prenatal testing in the United States is predicted to grow by a CAGR of 12.52% during the forecast period, i.e., 2020-2027. Further, the market is anticipated to reach USD 2,318.81 million by the end of this period. The substantial market growth can be attributed to the growing demand for prenatal testing, especially in the first and second trimester. The market is segmented by product, by application and by end user. The product segment is further segmented into Elisa kits, next generation sequencing systems and microarray analysis systems, out of which, the next generation sequencing systems segment is anticipated to hold the largest share in the market as a result of greater speed of sequencing and reduced cost of testing. By application, the market is segmented into aneuploidy, micro-deletion, trisomy and others, out of which, the trisomy segment is estimated to grow at the highest rate over the forecast period. This can be attributed to the growing use of non-invasive prenatal testing for detection of fetal trisomy. Further, on the basis of end user, the market is segmented into hospitals, diagnostic labs, clinics and others, out of which, the hospitals segment is estimated to hold the largest share in the market during this period on account of higher patient population and growing demand for improved treatments and diagnosis.

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Growing Cases Of Chromosomal Abnormalities To Propel The Market Growth

According to the United Nations, approximately 3,000 to 5,000 children are born with Down syndrome every year. The chromosome 21 disorder has affected around 250,000 families in the United States. The rising number of incidences of chromosomal disorders such as the Down syndrome is a major factor estimated to drive the market growth. However, the strict government policies and inaccuracy of NIPT methods are predicted to restrict the market growth in the upcoming years.

This report also provides the existing competitive scenario of some of the key players of the U.S. non-invasive prenatal testing market which includes company profiling of Natera Inc., F. Hoffmann La Roche Ltd., Yourgene Health plc., Illumina, Inc., Agilent Technologies, Inc., Laboratory Corporation of America Holdings, Quest Diagnostics and Myriad Genetics. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the U.S. non-invasive prenatal testing market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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About Research Nester

Research Nester is a one-stop service provider with a client base in more than 50 countries, leading in strategic market research and consulting with an unbiased and unparalleled approach towards helping global industrial players, conglomerates and executives for their future investment while avoiding forthcoming uncertainties. With an out-of-the-box mindset to produce statistical and analytical market research reports, we provide strategic consulting so that our clients can make wise business decisions with clarity while strategizing and planning for their forthcoming needs and succeed in achieving their future endeavors. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds.

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Industrial Control Systems (ICS) Security Market Size, Outlook, Trends, Segmentation Analysis, Share, and Forecast 2027

Research Nester has released a report titled “Industrial Control Systems (ICS) Security Market – Global Demand Analysis& Opportunity Outlook 2027″ which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, market attractiveness, year-on-year (Y-O-Y) growth comparisons, market share comparisons, BPS analysis, SWOT analysis, and Porter’s five force model.

Manufacturers around the globe are focusing on the adoption of Industry 4.0, which refers to the augmented wireless connectivity and sensors deployed in the machines. An investment of around USD 39 Billion by the end of 2020 is anticipated by manufacturers for the deployment of IoT in manufacturing processes. Manufacturers are harnessing the benefits available with the industrial internet of technology (IIoT), which focuses on automation and data exchange, enhanced visualization of the production line, decision-making capabilities, and others. The network infrastructure has also contributed to a complex ICS, thereby promoting threat surfaces for criminals. Such a factor is expected to drive the growth of the global ICS security market.

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Additionally, rise in the number of threats and attacks observed globally on critical infrastructure and the existing technological infrastructure in organizations is driving the demand for safeguarding the processes, which is anticipated to promote significantly the growth of the global ICS security market. The Internet Crime Complaint Center (IC3) of the Federal Bureau of Investigation (FBI) in one of its statistics stated that in the year 2018, cybercrime complaints registered in the year 2018 was 351937 numbers, which was an increase by 82515 numbers from that of 269422 numbers in the year 2014.

The global ICS security market is anticipated to record a significant CAGR during the forecast period, i.e. 2019-2027. The market is segmented by application into manufacturing, power and energy, mining, water utility, transportation, and others. Among these segments, the manufacturing segment is anticipated to hold the largest market share on account of a large number of manufacturers being targeted for cyber attacks by cyber attack criminals. Manufacturers have opted for ICS so as to enhance their production processes. These systems lack strong security measures and thereby provide a great opportunity for cyberattack criminals to target these organizations for financial gain and industrial espionage.

Geographically, the global ICS security market is segmented by five major regions into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa region, out of which, North America is anticipated to hold the largest market share owing to rising reliance on the industrial internet of things (IIoT), increased instances of cyber-attacks, presence of numerous key players of ICS security solutions and rising norms which promotes the need for ICS security. Internet Crime Complaint Center in one of its statistics stated that California recorded 49031 numbers of cybercrime victims in the year 2018, which is the highest amongst all other nations in the region.

However, concerns for not being able to take down systems for security update, which remains vulnerable from cyberattack is estimated to act as a barrier to the growth of the global ICS security market.

This report also studies the existing competitive scenario of some of the key players of the global ICS security market, which includes profiling ofABB (NYSE: ABB), Check Point Software Technologies Ltd. (NASDAQ: CHKP), Cisco (NASDAQ: CSCO), Honeywell (NYSE: HON), McAfee, LLC, FireEye, Inc. (NASDAQ: FEYE), AO Kaspersky Lab, Airbus (EPA: AIR), Schneider Electric (EPA: SU), and Tripwire, Inc.

The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Industrial Control Systems (ICS) Security Market – Global Demand Analysis & Opportunity Outlook 2027”, analyses the overall global ICS security industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the global ICS security market in the near future.

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Research Nester is a one-stop service provider, leading in strategic market research and consulting with an unbiased and unparalleled approach towards helping global industrial players, conglomerates and executives to make wise decisions for their future investment and expansion by providing them qualitative market insights and strategies while avoiding future uncertainties. We believe in honesty and sheer hard work that we trust is reflected in our work ethics. Our vision is not just limited to gain the trust of our clients but also to be equally respected by our employees and being appreciated by the competitors.

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Electronic Design Automation Tools Market Size and Overview Analysis 2020 by Industry Dynamics, Emerging Trends, Opportunities and Forecast to 2028

A recent report titled published by research nester “Electronic Design Automation Tools Market: Global Demand Analysis & Opportunity Outlook 2028″delivers detailed overview of the global electronic design automation tools market in terms of market segmentation by product type, by end-users, by application, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis, and Porter’s five force model.

Electronic design automation tools consist of all the systems that use electronic devices and embedded technology to enhance safety measures and protect human life and physical assets. electronic design automation tools systems could perform security operations like surveillance, access control, alarming, or intrusion control to a facility or an area.

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The global electronic design automation tools market is expected to register a CAGR over the forecast period. The market is expected to expand on the back of the surging adoption of safety and surveillance systems by commercial establishments and government agencies.

The commercial segment by application is estimated to register an exponential CAGR during the forecast period. Moreover, the commercial segment is expected to account for the largest share of revenue across the globe. Factors such as increasing crimes at commercial places have triggered the demand for electronic design automation tools systems at public places such as city centers, educational institutes, and others. Further, growth in terrorism activities at public places is anticipated to substantially grow the market of commercial electronic design automation tools.

Factors such as the construction of new buildings across the globe are anticipated to drive the growth of the electronic design automation tools market. Further, increasing crimes such as robberies, burglaries, and other such crimes at public places are expected to significantly impact the growth of the electronic design automation tools market. Moreover, the construction of smart cities in developing nations is expected to uplift the demand for electronic design automation tools

Rising safety-conscious societies are likely to intensify the growth of the global electronic design automation tools market. Additionally, the growing urban population coupled with increasing demand for better safety & security systems is expected to swell the demand for electronic design automation tools products over the forecast period.

Although, high cost of newly developed and advanced electronic design automation tools products and lack of awareness in various undeveloped countries across the globe are some of the factors that are likely to inhibit the growth of the electronic design automation tools market in the near future.

This report also provides the existing competitive scenario of some of the key players of the global electronic design automation tools market which includes company profiling of Cadence Design Systems, Inc., Siemens Industry Software Inc., Keysight Technologies, Aldec, Inc., ANSYS, Inc., Xilinx, Taiwan Semiconductor Manufacturing

The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the global electronic design automation tools market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities, and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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Research Nester is a one-stop service provider, leading in strategic market research and consulting with an unbiased and unparalleled approach towards helping global industrial players, conglomerates and executives to make wise decisions for their future investment and expansion by providing them qualitative market insights and strategies while avoiding future uncertainties. We believe in honesty and sheer hard work that we trust is reflected in our work ethics. Our vision is not just limited to gain the trust of our clients but also to be equally respected by our employees and being appreciated by the competitors.

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Depth Filtration Market 2020 Current Status and Future Prospects, Segmentation, Strategy, and Forecast to 2028

Research Nester published a report titled “Depth Filtration Market: Global Demand Analysis & Opportunity Outlook 2028″ which delivers a detailed overview of the depth filtration market in terms of market segmentation by media type, product, application, operation scale and by region.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis, and Porter’s five force model.

Depth filtration is termed as a process of separating suspended particle or liquid droplet from its carrying fluid within the depth (thickness) of the filter medium and widely applied in downstream bioprocessing to separate cells, cell debris, and other colloidal matter. They are broadly used across different industries such as food and beverages, healthcare, pharmaceutical, and biotechnology, owing to its capability of extracting solid materials from the liquids. The market is segmented by product segment into cartridge filters, capsule filters, filter modules, filter sheets, out of which, the cartridge filters segment is anticipated to hold the leading market share on the back of the high dirt-holding capacity and long service life of the cartridge filters.

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The global depth filtration market is anticipated to record a notable CAGR over the forecast period i.e. 2020-2028. Growth in production of biologics & large molecules, rise in research & development expenditure in biopharmaceuticals & biotechnology companies, rising demand for depth filters in the food and beverage industry and the bioprocessing industry, especially in single-use technology, coupled with the numerous benefits associated with depth filtration filters, such as low cost and user-friendly characteristics are some of the factors anticipated to promote towards the growth of the global depth filtration market.

Based on regions, the depth filtration market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. Among these regions, the market in North America is anticipated to hold the largest share on the back of presence of a well-established healthcare infrastructure, along with the presence of numerous players in the pharmaceutical and biotechnology industry in the region.

Proliferating Adoption of Single-Use Filtration Technology To Fuel the Growth of the Global Market

Factors such as the increasing utilization of depth filtration for the extraction of large molecules amongst several companies in the pharmaceutical , healthcare and chemical industries, followed by the rising investments in the research and development by pioneer companies for the development of large molecules, coupled with the characteristics of depth filtration, such as low-budget, separation of high-denseness of pre-heated steams and others, and the convenience of depth filtration in the healthcare industry for emitting and microfiltration towards medical devices are estimated to drive the global market over the forecast period.

However, stringent rules & regulations by government bodies and lack of knowledge over depth filtration are expected to operate as a key restraint factor for the growth of depth filtration market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global depth filtration market which includes company profiling of Filtrox AG, Merck KGaA (ETR: MRK), Danaher Corporation (NYSE: DHR), Sartorius AG (ETR: SRT), Parker Hannifin Corporation (NYSE: PH), Porvair Filtration Group, ErtelAlsop, Amazon Filters Ltd., Meissner Filtration Products, Inc., Donaldson Comany, Inc. (NYSE: DCI), Eaton Corporation (I NYSE: ETN) and Saint-Gobain Performance Plastics (EPA: SGO).

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The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the global depth filtration market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities, and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

Research Nester is a one-stop service provider, leading in strategic market research and consulting with an unbiased and unparalleled approach towards helping global industrial players, conglomerates and executives to make wise decisions for their future investment and expansion by providing them qualitative market insights and strategies while avoiding future uncertainties. We believe in honesty and sheer hard work that we trust is reflected in our work ethics. Our vision is not just limited to gain the trust of our clients but also to be equally respected by our employees and being appreciated by the competitors.

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AJ Daniel

Research Nester
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Tel: +1-6465869123

Non-Invasive Glucose-Monitoring Market Future Trends, On-going Demand, Opportunities, Segmentation and Forecast till 2029

Research Nester released a report titled “Non-Invasive Glucose-Monitoring Market: Global Demand Analysis & Opportunity Outlook 2029″ which delivers a detailed overview of the non-invasive glucose-monitoring market in terms of market segmentation by equipment type, application, and region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with a detailed discussion on current and future market trends that are associated with the growth of the market.

Increasing Ageing Population and Surge in Covid-19 Cases To Drive Market Growth

According to the United Nations, it is estimated that by 2050, every one in six people will be 65 years or older, i.e., 16% of the total world population. Along with this, the number of persons above 80 years or older is also projected to triple by the end of 2050.

Age is one of the most predominant risk factors for any kind of disease. It has been observed that persons 65 years of age or older are more vulnerable to getting severely affected by Covid-19. Additionally, the rising need to build a strong healthcare infrastructure by developing countries is also expected to boost the market growth in upcoming years. However, disruption of supply chain and logistics due to the rapid spread of Covid-19 and lack of government spending in healthcare in lower economic regions are some of the factors that are estimated to restrain market growth in the near future.

The non-invasive glucose-monitoring market is projected to grow with a high CAGR during the forecast period, i.e., 2020-2029 on account of the increasing elderly population and the rising incidence of Covid-19. As per World Health Organization, till 8th April 2021, there have been 132,730,691 confirmed cases of Covid-19, including 2,880,726 reported deaths.

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The market is segmented by equipment type into [beds (electric, semi-electric, low beds, manual, and others) and stretchers (four-fold stretcher, neck up cervical collar, self-loading stretcher, integrated pediatric and adult spine board, and others]. Among these segments, the Non-Invasive Glucose-Monitoring segment is anticipated to hold the largest share by the end of 2021 in the non-invasive glucose-monitoring. as a result of its high demand for non-invasive glucose

On the basis of region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa, out of which, the non-invasive glucose monitoring market in the Asia Pacific is projected to grow at the highest CAGR throughout the forecast period. Currently, the market in North America holds the largest share. This can be attributed to the presence of leading manufacturers in the region, especially in the United States, who are extensively involved in the research and development of innovative equipment.

This report also provides the existing competitive scenario of some of the key players of the non-invasive glucose-monitoring market which includes company profiling of Nemaura Medical, Metamaterial Inc., BOYDSense SAS, LifePlus, Inc., Integrity Applications, AerBetic, RSP Systems A/S, Cnoga Medical Ltd.

“The Final Report will cover the impact analysis of COVID-19 on this industry.”

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The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the non-invasive glucose-monitoring that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities, and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

Research Nester is a one-stop service provider, leading in strategic market research and consulting with an unbiased and unparalleled approach towards helping global industrial players, conglomerates and executives to make wise decisions for their future investment and expansion by providing them qualitative market insights and strategies while avoiding future uncertainties. We believe in honesty and sheer hard work that we trust is reflected in our work ethics. Our vision is not just limited to gain the trust of our clients but also to be equally respected by our employees and being appreciated by the competitors.

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Zero Trust Security Market Size, Key Competitors, Business opportunities, Trend Analysis 2030

The global zero trust security market is estimated to occupy a sizeable revenue and grow at a CAGR of ~18% during the forecast period, i.e., 2022 – 2030, owing to the rising number of target-based cybersecurity attacks, strict government protocols about information security and increasing digitization across developing nations. Along from these, escalating demand for zero trust security services as a result of growing IoT traffic is also expected to drive market growth.

Research Nester published a report titled “Zero Trust Security Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global zero trust security market in terms of market segmentation by solution type, deployment, enterprise size, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

The global zero trust security market is segmented by solution type, deployment and enterprise size. Based on solution type, the data security segment is anticipated to grab the largest market share during the forecast period on the back of increasing amount of data among organizations and the growing need to ensure its safety. Additionally, by deployment, the cloud segment is projected to observe the highest growth in the future ascribing to the high speed, scalability and IT security offered by cloud services.

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Geographically, the market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. North America region is evaluated to grab the largest share in the market during the forecast period attributing to the growing investments and partnerships by the key players in the region. Moreover, the market in Asia Pacific is assessed to grow by the highest rate in the coming years owing to the high adoption of digital banking services and increasing internet usage in the region.

Increasing Number of Target-Based Cyberattacks to Expand Market

The world has observed a surge in the number of attacks that target networks, endpoints, cloud-based applications, on-premise devices and several other IT infrastructures to steal critical information worth considerable amount of money. Organizations are willing to implement any security measure that prevent losses of finances, property and information, now more than ever. This in turn is anticipated to be a crucial factor driving the market growth in the near future.

“The Final Report will cover the impact analysis of COVID-19 on this industry.”

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However, absence of appropriate budget in startups to implement zero trust security services is expected to operate as key restraint to the growth of the global zero trust security market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global zero trust security market which includes company profiling of Cisco Systems Inc., Palo Alto Networks, Trend Micro Inc., Akamai Technologies, IBM Corporation, Symantec Corporation, Microsoft Corporation, McAfee Corporation, RSA Security, Okta Inc., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global zero trust security market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.     

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Research Nester is a one-stop service provider, leading in strategic market research and consulting with an unbiased and unparalleled approach towards helping global industrial players, conglomerates and executives to make wise decisions for their future investment and expansion by providing them qualitative market insights and strategies while avoiding future uncertainties. We believe in honesty and sheer hard work that we trust is reflected in our work ethics. Our vision is not just limited to gain the trust of our clients but also to be equally respected by our employees and being appreciated by the competitors.

For more information, please contact:

AJ Daniel

Research Nester
Email: info@researchnester.com
Tel: +1-6465869123

Mining Lubricants Market Size, Share, Value, CAGR, Outlook, Analysis, Latest Updates, Data, and News 2017 to 2027

Recent report published by research nester titled “Mining Lubricants Market: Global Demand Analysis & Opportunity Outlook 2027″ delivers detailed overview of the global mining lubricants market in terms of market segmentation by application type and by region.          

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

The global mining lubricants market can be segmented on the basis of product type, equipment, mining technique and end use industry. On the basis of product type, it is segmented into Bio-based mining lubricant, Synthetic Lubricant and Mineral Oil. Mineral oil lubricants are cheaper than synthetic and bio-based lubricants and they provide a greater working benefit through supplying a stable structure to equipment.

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On the basis of equipment, it is segmented into Engine, hydraulic, transmission and gear. On the basis of mining technique, it is segmented into surface mining and underground mining. On the basis of end-use industry, it is segmented into Iron ore mining, Coal mining, Bauxite mining, Rare-earth mineral mining and Precious metal mining.

The CAGR of global mining lubricants market is anticipated to grow at a CAGR of 4.8% during the year 2017-2027 it will reach around USD 3.2 Bn by 2027. The rise in demand of mining lubrication helps in reducing the downtime that is due to frequent oil changes, maintenance and components failures will help in fostering industry expansion during the forecast period.

Asia Pacific is expected to show high volume gains at a CAGR of 5.4% from 2017 to 2027. Mining is an important economic activity for Asian countries such as India, China, Australia and Indonesia. 

Asia Pacific is expected to grow at substantial rate on the account of rapid industrialization and changing lifestyle. Iron and coal are the most extensively extracted resources in Asia-Pacific region, wherein the most involved countries including Australia, India and China are expected to propel the demand for the related market. Furthermore, Iron is the most consumed metal in developing nations such as India and China, such factor is expected to fuel the demand for iron ore mining, which in turn is anticipated to boost the demand for mining lubricants in Asia-Pacific region.

Increasing use of mineral oil lubricants will bolster global Mining Lubricants market growth

Rising demand for better efficiency and growing demand from numerous end-use industries such as coal mining, iron ore and bauxite will increase the market size of the global mining lubricants market. Additionally, the rapid urbanization and industrialization in the APAC region is expected to generate significant market opportunities for the lubricants marketers for mining applications.

The increasing need for mining equipment from coal mining industry and the rising demand of coal for power generation applications in countries such as China, India and Indonesia are likely to shoot the demand for lubricants during the forecast period. Furthermore, rising demand for minerals and metal commodities and rising consumption of natural produced resources such as uranium, diamond and coal is one the primary factor, which is anticipated to further bolster the growth for mining equipment during the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global mining lubricants market which includes company profiling of key companies:

Royal Dutch Shell Plc, ExxonMobil Corporation, BP Plc., Chevron Corporation, Total S.A., LUKOIL, Idemitsu Kosan Co., Ltd. Fuchs Petrolub SE, and PetroChina Company Limited.

The outlining enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global mining lubricants market that is expected to help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.     

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Research Nester is a one-stop service provider, leading in strategic market research and consulting with an unbiased and unparalleled approach towards helping global industrial players, conglomerates and executives to make wise decisions for their future investment and expansion by providing them qualitative market insights and strategies while avoiding future uncertainties. We believe in honesty and sheer hard work that we trust is reflected in our work ethics. Our vision is not just limited to gain the trust of our clients but also to be equally respected by our employees and being appreciated by the competitors.

For more information, please contact:

AJ Daniel

Research Nester
Email: info@researchnester.com
Tel: +1-6465869123

Artificial Lift Systems Market Size, Overview, Top Industry Players, Growth, Share and Forecast 2027

Recent report published by research nester titled “Global Artificial Lift Systems Market Analysis & Opportunity Outlook 2027″delivers detailed overview of the global artificial lift systems market in terms of market segmentation by mechanism, by types, by components and by region.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

The global artificial lift systems market is segmented by types including rod lift, electrical submersible pump (ESP), progressive cavity pump (PCP), gas lift and others. Among these segments, electrical submersible pump segment is expected to showcase great potential during the forecast period.

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These pumps are electrically powered and good for high rate wells. Moreover, advantages of electrical submersible pumps such as electricity operated, low noise, good obtrusiveness and others are fuelling the growth of this segment during the forecast period.

The global artificial lift systems market will register a CAGR of 10% by 2027. The market was valued at USD 13 Billion market in the year 2017. The increasing demand from oil and natural gas industry will be one of the key factors that will determine the growth of this market in the upcoming years. Rising demand and consumption for natural gas and crude oils are increasing the need to maximize production in high pressure oil & gas wells as well as low pressure oil & gas wells. Moreover, lack of natural pressure at some of the natural reservoirs is fuelling the demand for artificial lift systems to augment production.

The North America captured around 70% share of overall artificial lift system market in 2014. According to U.S. department of energy, U.S. was the leading producer and consumer of petroleum and natural gas in 2016. Moreover, U.S. accounted for 15% share of world total oil production (14.85 Million barrels per day) in 2016.

Rising Offshore and Ultra-Deep Offshore Oil Production

According to U.S. Energy Information Administration, global offshore oil production from deep water reached 9.3 Million barrels per day. Further, increasing deep water offshore oil production (including lease condensate and hydrocarbon gas liquids) due to increasing consumption and demand of energy is anticipated to increase the demand for artificial lift systems in near future.

Growing Need to Improve Production Efficiency

Increasing consumption of energy is a major concern which is fuelling the need to increase the production of natural resources. Further, demand for artificial lift systems is anticipated to rise in near future due to growing need to increase the natural pressure at oil & gas wells in order to increase the production.

Although, limited resources availability to put more efforts to extract oil and gas from existing wells and shortage of skilled labor force are likely to inhibit the growth of the artificial lift systems market in the near future.

This report also provides the existing competitive scenario of some of the key players of the global artificial lift systems market which includes company profiling of Baker Hughes Incorporated, Cameron International Corporation, Flotek Industries, Inc., Halliburton Company, J&J Technical Services LLC, Dover Corporation, General Electric Company, John Crane Group, Kudu Industries, Inc., Borets Company LLC.

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The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global artificial lift systems market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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