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  • Halal Food and Beverages Market Trends, Segmentation, Regional Demand and Forecast by 2028

    The global halal food and beverages market size was USD 1.96 trillion in 2020. The market is projected to grow from USD 2.09 trillion in 2021 to USD 3.27 trillion by 2028, exhibiting a CAGR of 6.56% during the forecast period of 2021-2028.

    Fortune Business Insights™ provides this information in its report, titled, “Halal Food and Beverages Market, 2021-2028.” According to our researchers, the growing Islamic population across the globe coupled with the rising consumer worries concerning food safety, superiority, and animal brutality have substantially upsurged the demand for halal food & beverages. Moreover, the constantly extending distribution network and the assessment in customer buying configurations are projected to further power the global market in the forthcoming years.

    Commotion in Supply Chain to Hinder Market Growth amid COVID-19 Crisis

    The preliminary months of the COVID-19 pandemic had disturbed all stages in the supply chain cycle of the halal food and beverage industry. The prominent manufacturers in Islamic and non-Islamic nations registered a decline in the workforce which considerably impacted the production ability. Additionally, the strike in demand for retail products such as pre-cooked and ready-to-eat meat products too adversely influenced the industry.

    The affirmative progression in the customer's preferences for halal products owing to their welfare and superiority is estimated to drive the halal food and beverages market growth in the foreseeable future.

    Report Coverage

    We have implemented a unique research approach comprising statistics triangulation based on the famous bottom-up and top-down approaches. Our researchers have led thorough primary research to verify the estimated size of the halal food and beverages industry. The data utilized to portray the shares for multiple national, regional, and global segments is extracted from comprehensive interviews with various stakeholders. Our analysts have also derived information from paid databases, industry journals, SEC filings, and many other similar resources.

    Segmentation

    By Product, the global market is segregated into meat, poultry & seafood, dairy products, cereal & grain-based products, non-dairy beverages, fruits, vegetables & nuts. By distribution channel, the market is divided into traditional retailers, supermarkets/hypermarkets, online retail, and others. Geographically, the market is classified into North America, Europe, Asia Pacific, South America, and the Middle East & Africa

    Drivers and Restraints

    Increasing Islamic Population & Moving Customer Responsiveness to Fuel Market Growth

    Islam is the quickest-growing religion globally, which affirmatively impacts the global demand for halal food & beverage products. As per the latest record declared by the Government of Saudi Arabia, the global Muslim population signifies about 28.26% of the total world population.

    Additionally, the rising consciousness among the Muslim population concerning the requirement and inevitability to ingest only halal food predominantly powers the growth of the global market. Moreover, the growing dispensable revenue levels of the Islamic population are further anticipated to thrust the market growth during the upcoming years.

    Regional Insights

    Asia Pacific held the maximum halal food and beverages market share and was valued USD 1.20 trillion in 2020. The largest Islamic population is focused in the Asia Pacific region as the four biggest nations in terms of the Muslim population are situated on this continent, comprising India, Indonesia, Pakistan, and Bangladesh.

    The Middle East and Africa have huge latent for the market growth as the customers in this region are principally Muslim with increasing per capita revenues.

    Europe is observing significant growth in the market. Surging flexible incomes coupled with a rising Muslim population is estimated to elevate the demand for halal products.

    Competitive Landscape

    The major players such as Cargill, Inc., Nestle S.A., and Unilever are fixated on novel product improvements, collaborations, and procurements to associate the market. The advent of small-scale companies in this market expressively donates to the competition occurring within the market, which has an optmistic influence on the market's growth.

    Browse In-depth Summary of This Research Insight:

    https://www.fortunebusinessinsights.com/halal-food-and-beverages-market-106186
    Halal Food and Beverages Market Trends, Segmentation, Regional Demand and Forecast by 2028 The global halal food and beverages market size was USD 1.96 trillion in 2020. The market is projected to grow from USD 2.09 trillion in 2021 to USD 3.27 trillion by 2028, exhibiting a CAGR of 6.56% during the forecast period of 2021-2028. Fortune Business Insights™ provides this information in its report, titled, “Halal Food and Beverages Market, 2021-2028.” According to our researchers, the growing Islamic population across the globe coupled with the rising consumer worries concerning food safety, superiority, and animal brutality have substantially upsurged the demand for halal food & beverages. Moreover, the constantly extending distribution network and the assessment in customer buying configurations are projected to further power the global market in the forthcoming years. Commotion in Supply Chain to Hinder Market Growth amid COVID-19 Crisis The preliminary months of the COVID-19 pandemic had disturbed all stages in the supply chain cycle of the halal food and beverage industry. The prominent manufacturers in Islamic and non-Islamic nations registered a decline in the workforce which considerably impacted the production ability. Additionally, the strike in demand for retail products such as pre-cooked and ready-to-eat meat products too adversely influenced the industry. The affirmative progression in the customer's preferences for halal products owing to their welfare and superiority is estimated to drive the halal food and beverages market growth in the foreseeable future. Report Coverage We have implemented a unique research approach comprising statistics triangulation based on the famous bottom-up and top-down approaches. Our researchers have led thorough primary research to verify the estimated size of the halal food and beverages industry. The data utilized to portray the shares for multiple national, regional, and global segments is extracted from comprehensive interviews with various stakeholders. Our analysts have also derived information from paid databases, industry journals, SEC filings, and many other similar resources. Segmentation By Product, the global market is segregated into meat, poultry & seafood, dairy products, cereal & grain-based products, non-dairy beverages, fruits, vegetables & nuts. By distribution channel, the market is divided into traditional retailers, supermarkets/hypermarkets, online retail, and others. Geographically, the market is classified into North America, Europe, Asia Pacific, South America, and the Middle East & Africa Drivers and Restraints Increasing Islamic Population & Moving Customer Responsiveness to Fuel Market Growth Islam is the quickest-growing religion globally, which affirmatively impacts the global demand for halal food & beverage products. As per the latest record declared by the Government of Saudi Arabia, the global Muslim population signifies about 28.26% of the total world population. Additionally, the rising consciousness among the Muslim population concerning the requirement and inevitability to ingest only halal food predominantly powers the growth of the global market. Moreover, the growing dispensable revenue levels of the Islamic population are further anticipated to thrust the market growth during the upcoming years. Regional Insights Asia Pacific held the maximum halal food and beverages market share and was valued USD 1.20 trillion in 2020. The largest Islamic population is focused in the Asia Pacific region as the four biggest nations in terms of the Muslim population are situated on this continent, comprising India, Indonesia, Pakistan, and Bangladesh. The Middle East and Africa have huge latent for the market growth as the customers in this region are principally Muslim with increasing per capita revenues. Europe is observing significant growth in the market. Surging flexible incomes coupled with a rising Muslim population is estimated to elevate the demand for halal products. Competitive Landscape The major players such as Cargill, Inc., Nestle S.A., and Unilever are fixated on novel product improvements, collaborations, and procurements to associate the market. The advent of small-scale companies in this market expressively donates to the competition occurring within the market, which has an optmistic influence on the market's growth. Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/halal-food-and-beverages-market-106186
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Halal Food and Beverages Market Size, Growth | Report [2028]
    The global halal food and beverages market is projected to grow from $2.09 trillion in 2021 to $3.27 trillion by 2028, exhibiting a CAGR of 6.56%
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  • Halal Food and Beverages Market Growth, Trends, Demand and Regional Forecast by 2028

    The global halal food and beverages market size was USD 1.96 trillion in 2020. The market is projected to grow from USD 2.09 trillion in 2021 to USD 3.27 trillion by 2028, exhibiting a CAGR of 6.56% during the forecast period of 2021-2028.

    Fortune Business Insights™ provides this information in its report, titled, “Halal Food and Beverages Market, 2021-2028.” According to our researchers, the growing Islamic population across the globe coupled with the rising consumer worries concerning food safety, superiority, and animal brutality have substantially upsurged the demand for halal food & beverages. Moreover, the constantly extending distribution network and the assessment in customer buying configurations are projected to further power the global market in the forthcoming years.

    Drivers and Restraints

    Increasing Islamic Population & Moving Customer Responsiveness to Fuel Market Growth

    Islam is the quickest-growing religion globally, which affirmatively impacts the global demand for halal food & beverage products. As per the latest record declared by the Government of Saudi Arabia, the global Muslim population signifies about 28.26% of the total world population.

    Additionally, the rising consciousness among the Muslim population concerning the requirement and inevitability to ingest only halal food predominantly powers the growth of the global market. Moreover, the growing dispensable revenue levels of the Islamic population are further anticipated to thrust the market growth during the upcoming years.

    Regional Insights

    Asia Pacific held the maximum halal food and beverages market share and was valued USD 1.20 trillion in 2020. The largest Islamic population is focused in the Asia Pacific region as the four biggest nations in terms of the Muslim population are situated on this continent, comprising India, Indonesia, Pakistan, and Bangladesh.

    The Middle East and Africa have huge latent for the market growth as the customers in this region are principally Muslim with increasing per capita revenues.

    Europe is observing significant growth in the market. Surging flexible incomes coupled with a rising Muslim population is estimated to elevate the demand for halal products.

    Competitive Landscape

    The major players such as Cargill, Inc., Nestle S.A., and Unilever are fixated on novel product improvements, collaborations, and procurements to associate the market. The advent of small-scale companies in this market expressively donates to the competition occurring within the market, which has an optmistic influence on the market's growth.

    Browse In-depth Summary of This Research Insight:

    https://www.fortunebusinessinsights.com/halal-food-and-beverages-market-106186
    Halal Food and Beverages Market Growth, Trends, Demand and Regional Forecast by 2028 The global halal food and beverages market size was USD 1.96 trillion in 2020. The market is projected to grow from USD 2.09 trillion in 2021 to USD 3.27 trillion by 2028, exhibiting a CAGR of 6.56% during the forecast period of 2021-2028. Fortune Business Insights™ provides this information in its report, titled, “Halal Food and Beverages Market, 2021-2028.” According to our researchers, the growing Islamic population across the globe coupled with the rising consumer worries concerning food safety, superiority, and animal brutality have substantially upsurged the demand for halal food & beverages. Moreover, the constantly extending distribution network and the assessment in customer buying configurations are projected to further power the global market in the forthcoming years. Drivers and Restraints Increasing Islamic Population & Moving Customer Responsiveness to Fuel Market Growth Islam is the quickest-growing religion globally, which affirmatively impacts the global demand for halal food & beverage products. As per the latest record declared by the Government of Saudi Arabia, the global Muslim population signifies about 28.26% of the total world population. Additionally, the rising consciousness among the Muslim population concerning the requirement and inevitability to ingest only halal food predominantly powers the growth of the global market. Moreover, the growing dispensable revenue levels of the Islamic population are further anticipated to thrust the market growth during the upcoming years. Regional Insights Asia Pacific held the maximum halal food and beverages market share and was valued USD 1.20 trillion in 2020. The largest Islamic population is focused in the Asia Pacific region as the four biggest nations in terms of the Muslim population are situated on this continent, comprising India, Indonesia, Pakistan, and Bangladesh. The Middle East and Africa have huge latent for the market growth as the customers in this region are principally Muslim with increasing per capita revenues. Europe is observing significant growth in the market. Surging flexible incomes coupled with a rising Muslim population is estimated to elevate the demand for halal products. Competitive Landscape The major players such as Cargill, Inc., Nestle S.A., and Unilever are fixated on novel product improvements, collaborations, and procurements to associate the market. The advent of small-scale companies in this market expressively donates to the competition occurring within the market, which has an optmistic influence on the market's growth. Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/halal-food-and-beverages-market-106186
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Halal Food and Beverages Market Size, Growth | Report [2028]
    The global halal food and beverages market is projected to grow from $2.09 trillion in 2021 to $3.27 trillion by 2028, exhibiting a CAGR of 6.56%
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  • What’s more is that AI algorithms can even detect fraud risk before it happens, increasing public confidence in the procurement process.

    #ArtificialIntelligence #AI #Government #AIalgorithms
    What’s more is that AI algorithms can even detect fraud risk before it happens, increasing public confidence in the procurement process. #ArtificialIntelligence #AI #Government #AIalgorithms
    WWW.KADVACORP.COM
    How Can Artificial Intelligence Revolutionize Government Procurement? - Kadva Corp
    Government procurement can be a pain. It’s often a complex labyrinth to navigate, even more so with the added challenges of bureaucratic processes, fraud
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  • Factors Affecting Material Procurement in House Construction

    Building a house is not just the erection of four walls and a roof, but a complete process starting from planning and ending with appropriate execution. The basic structure of the house is built in accordance with the architectural design requirement, and each facet of this structure is forged using a variety of raw as well as man-made building materials.

    https://www.makemyhouse.com/blogs/factors-affecting-material-procurement-in-house-construction/

    #homesweethome #housedesign #sketch #realestatephotography #layout #modern #newbuild #architect #architecture #architecturestudent #architecturedesign #realestateagent #houseplans #arch #homeplan #luxury #spaceplanning #MakeMyHouse #floorplans
    Factors Affecting Material Procurement in House Construction Building a house is not just the erection of four walls and a roof, but a complete process starting from planning and ending with appropriate execution. The basic structure of the house is built in accordance with the architectural design requirement, and each facet of this structure is forged using a variety of raw as well as man-made building materials. https://www.makemyhouse.com/blogs/factors-affecting-material-procurement-in-house-construction/ #homesweethome #housedesign #sketch #realestatephotography #layout #modern #newbuild #architect #architecture #architecturestudent #architecturedesign #realestateagent #houseplans #arch #homeplan #luxury #spaceplanning #MakeMyHouse #floorplans
    WWW.MAKEMYHOUSE.COM
    Factors Affecting Material Procurement in House Construction
    Material Procurement: Construction of your dream home starts with selecting and procuring materials that form the building blocks of the process.
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  • Factors Affecting Material Procurement in House Construction

    Building a house is not just the erection of four walls and a roof, but a complete process starting from planning and ending with appropriate execution. The basic structure of the house is built in accordance with the architectural design requirement, and each facet of this structure is forged using a variety of raw as well as man-made building materials.


    https://www.makemyhouse.com/blogs/factors-affecting-material-procurement-in-house-construction/


    #livingroomdesign #interiordesign #makemyhouse #homeplan #houseplan #interiordesigner #livinghouse #dreamhouse #livingroom #livingroomdecor #livingroomdecoration #interiors
    Factors Affecting Material Procurement in House Construction Building a house is not just the erection of four walls and a roof, but a complete process starting from planning and ending with appropriate execution. The basic structure of the house is built in accordance with the architectural design requirement, and each facet of this structure is forged using a variety of raw as well as man-made building materials. https://www.makemyhouse.com/blogs/factors-affecting-material-procurement-in-house-construction/ #livingroomdesign #interiordesign #makemyhouse #homeplan #houseplan #interiordesigner #livinghouse #dreamhouse #livingroom #livingroomdecor #livingroomdecoration #interiors
    WWW.MAKEMYHOUSE.COM
    Factors Affecting Material Procurement in House Construction
    Material Procurement: Construction of your dream home starts with selecting and procuring materials that form the building blocks of the process.
    0 Comments 0 Shares
  • Factors Affecting Material Procurement in House Construction

    Building a house is not just the erection of four walls and a roof, but a complete process starting from planning and ending with appropriate execution. The basic structure of the house is built in accordance with the architectural design requirement, and each facet of this structure is forged using a variety of raw as well as man-made building materials.

    https://www.makemyhouse.com/blogs/factors-affecting-material-procurement-in-house-construction/

    #housedesign #homeplan #interiordesign #homedesign #floorPlan #elevationdesign
    Factors Affecting Material Procurement in House Construction Building a house is not just the erection of four walls and a roof, but a complete process starting from planning and ending with appropriate execution. The basic structure of the house is built in accordance with the architectural design requirement, and each facet of this structure is forged using a variety of raw as well as man-made building materials. https://www.makemyhouse.com/blogs/factors-affecting-material-procurement-in-house-construction/ #housedesign #homeplan #interiordesign #homedesign #floorPlan #elevationdesign
    WWW.MAKEMYHOUSE.COM
    Factors Affecting Material Procurement in House Construction
    Material Procurement: Construction of your dream home starts with selecting and procuring materials that form the building blocks of the process.
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  • The global airborne fire control radar market size is expected to showcase exponential growth by reaching USD 3,866.4 million by 2028 while exhibiting a CAGR of 4.73% between 2023 and 2028. According to Fortune Business Insights' recent report titled "Airborne Fire Control Radar Market, 2021-2028," the market reached a value of USD 2,655.4 million in 2020. The report highlights that the market is expected to witness significant growth due to factors such as the rising demand for target detection equipment and the increasing adoption of advanced technologies like active electronically scanning arrays (AESA). These factors are projected to drive the global adoption of airborne fire control radar systems.


    The airborne fire control radar market refers to the industry involved in the development, production, and sale of radar systems specifically designed for airborne platforms, primarily used for fire control applications. These radar systems are used in military aircraft, such as fighter jets and attack helicopters, to detect, track, and engage targets effectively.

    Information Source :

    https://www.fortunebusinessinsights.com/airborne-fire-control-radar-market-104048

    Market Segmentation:

    The airborne fire control radar industry can be segmented based on:

    Platform Type: Fixed-wing Aircraft, Rotary-wing Aircraft.
    Frequency Band: X-Band, S-Band.
    Range Capability: Short-Range, Medium-Range, Long-Range.
    Application: Air-to-Air, Air-to-Ground, Multi-mode.
    Geography: North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.
    What does the Report Include?

    The market report offers a comprehensive analysis of the airborne fire control radar market, encompassing qualitative and quantitative insights. It covers crucial aspects such as materials, leading companies, applications, and products. The report provides a deep understanding of the market trends, highlighting significant industry developments. It includes historical data and forecasts the revenue growth globally, regionally, and at the country level. The report analyzes the latest dynamics and identifies opportunities that will influence market growth from 2023 to 2028.

    DRIVING FACTORS

    Increasing Demand for Reconnaissance and Targeting Activities to Promote Market Growth

    The rising intrusion activities and the growing focus on upgrading their militaries by countries worldwide will boost the demand for advanced technologies for reconnaissance and targeting activities. Moreover, the increasing focus on accurate target detection and handling crucial missions is leading to the development of advanced radar systems. For instance, Israel Aerospace Industries Ltd has developed reconnaissance and targeting ELM-20600 RTP POD that efficiently detects, classifies, and precisely tracks and selects ground targets. Moreover, it includes inflight SAR images recording capabilities that ensure real-time target assessment. The increasing adoption of active electronically scanning array (AESA) technology that provides high reliability and low interception rate is further expected to bode well for the global airborne fire control radar market growth in the forthcoming years.

    REGIONAL INSIGHTS

    North America – The region stood at USD 891.41 million in 2020 and is projected to hold the highest position in the market during the forecast period. This is attributable to the presence of established airborne fire control radar manufacturers such as Northrop Grumman Corporation, Raytheon Technologies Corporation, and Lockheed Martin Corporation in the region.

    Europe – The market in the region is expected to showcase exponential growth backed by the growing demand for advanced airborne fire control radar systems by the Air Force of countries such as the U.K. and Germany between 2021 and 2028.

    Asia-Pacific – The increasing focus on the procurement of advanced 5th Generation fighter jets by China is expected to propel the product’s adoption in the region. Moreover, the surging demand for innovative UAVs is likely to contribute to the regional growth in the forthcoming years.

    COMPETITIVE LANDSCAPE

    Contract Signing by Major Companies to Strengthen Their Market Positions

    The market is witnessing fierce competition amongst the major companies operating in it. These companies are focusing on signing lucrative contracts to expand their airborne fire control radar portfolio. Moreover, other key players are striving to maintain their presence by adopting strategies such as merger and acquisition, partnership, and collaboration that will favor the growth of the market in the forthcoming years.

    Industry Development:

    February 2021 - Hindustan Aeronautics Limited (HAL) announced the installation of the ELTA-sourced active electronically scanning radar in the Jaguar Darin III fighter jets. The company reports that the radar is primarily designed for air-to-air attack and provides solid-state active electronically scanning array technology.
    The global airborne fire control radar market size is expected to showcase exponential growth by reaching USD 3,866.4 million by 2028 while exhibiting a CAGR of 4.73% between 2023 and 2028. According to Fortune Business Insights' recent report titled "Airborne Fire Control Radar Market, 2021-2028," the market reached a value of USD 2,655.4 million in 2020. The report highlights that the market is expected to witness significant growth due to factors such as the rising demand for target detection equipment and the increasing adoption of advanced technologies like active electronically scanning arrays (AESA). These factors are projected to drive the global adoption of airborne fire control radar systems. The airborne fire control radar market refers to the industry involved in the development, production, and sale of radar systems specifically designed for airborne platforms, primarily used for fire control applications. These radar systems are used in military aircraft, such as fighter jets and attack helicopters, to detect, track, and engage targets effectively. Information Source : https://www.fortunebusinessinsights.com/airborne-fire-control-radar-market-104048 Market Segmentation: The airborne fire control radar industry can be segmented based on: Platform Type: Fixed-wing Aircraft, Rotary-wing Aircraft. Frequency Band: X-Band, S-Band. Range Capability: Short-Range, Medium-Range, Long-Range. Application: Air-to-Air, Air-to-Ground, Multi-mode. Geography: North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. What does the Report Include? The market report offers a comprehensive analysis of the airborne fire control radar market, encompassing qualitative and quantitative insights. It covers crucial aspects such as materials, leading companies, applications, and products. The report provides a deep understanding of the market trends, highlighting significant industry developments. It includes historical data and forecasts the revenue growth globally, regionally, and at the country level. The report analyzes the latest dynamics and identifies opportunities that will influence market growth from 2023 to 2028. DRIVING FACTORS Increasing Demand for Reconnaissance and Targeting Activities to Promote Market Growth The rising intrusion activities and the growing focus on upgrading their militaries by countries worldwide will boost the demand for advanced technologies for reconnaissance and targeting activities. Moreover, the increasing focus on accurate target detection and handling crucial missions is leading to the development of advanced radar systems. For instance, Israel Aerospace Industries Ltd has developed reconnaissance and targeting ELM-20600 RTP POD that efficiently detects, classifies, and precisely tracks and selects ground targets. Moreover, it includes inflight SAR images recording capabilities that ensure real-time target assessment. The increasing adoption of active electronically scanning array (AESA) technology that provides high reliability and low interception rate is further expected to bode well for the global airborne fire control radar market growth in the forthcoming years. REGIONAL INSIGHTS North America – The region stood at USD 891.41 million in 2020 and is projected to hold the highest position in the market during the forecast period. This is attributable to the presence of established airborne fire control radar manufacturers such as Northrop Grumman Corporation, Raytheon Technologies Corporation, and Lockheed Martin Corporation in the region. Europe – The market in the region is expected to showcase exponential growth backed by the growing demand for advanced airborne fire control radar systems by the Air Force of countries such as the U.K. and Germany between 2021 and 2028. Asia-Pacific – The increasing focus on the procurement of advanced 5th Generation fighter jets by China is expected to propel the product’s adoption in the region. Moreover, the surging demand for innovative UAVs is likely to contribute to the regional growth in the forthcoming years. COMPETITIVE LANDSCAPE Contract Signing by Major Companies to Strengthen Their Market Positions The market is witnessing fierce competition amongst the major companies operating in it. These companies are focusing on signing lucrative contracts to expand their airborne fire control radar portfolio. Moreover, other key players are striving to maintain their presence by adopting strategies such as merger and acquisition, partnership, and collaboration that will favor the growth of the market in the forthcoming years. Industry Development: February 2021 - Hindustan Aeronautics Limited (HAL) announced the installation of the ELTA-sourced active electronically scanning radar in the Jaguar Darin III fighter jets. The company reports that the radar is primarily designed for air-to-air attack and provides solid-state active electronically scanning array technology.
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Airborne Fire Control Radar Market Size, Growth & Report [2028]
    The global airborne fire control radar market is projected to grow from $2,797.3 million in 2021 to $3,866.4 million in 2028 at a CAGR of 4.73%
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  • The global marine battery market size was USD 583.4 million in 2020. The market is expected to grow from USD 676.2 million in 2021 to USD 2,055.8 million by 2028, exhibiting a CAGR of 17.05% during the forecast period. The rising focus on developing low emission solutions and increasing development of alternative energy resources is expected to propel market growth. Fortune Business Insights™ presents this information in its report titled “Marine Battery Market, 2021-2028.”

    The usage of marine batteries has become increasingly prevalent in marine applications as they help power vessels and reduce emissions. The growing emphasis on creating low-emission solutions and developing alternative energy sources is anticipated to drive the global adoption of marine batteries. The escalation of emissions worldwide has led to an uptake in alternative resources that reduce pollution. Additionally, the depletion of lithium-ion resources is expected to draw consumers towards marine battery solutions, which will further drive the industry's growth in the years to come.

    List of Key Players Profiled in the Report:

    Akasol AG (Germany)
    EnerSys (U.S.)
    Exide Industries Ltd. (India)
    Furukawa Battery Solutions Co. Ltd. (Japan)
    S. Yuasa Corporation (Japan)
    HBL Power Systems Ltd. (India)
    Johnson Controls International (Ireland)
    Leclanché SA (Switzerland)
    Saft Groupe S.A. (France)
    Siemens AG (Germany)
    Systems Sunlight SA (Greece)
    Toshiba Corporation (Japan)
    Wärtsilä Oyj Abp (Finland)

    Browse Summary

    https://www.fortunebusinessinsights.com/marine-battery-market-106582

    Segments

    By battery, the market is segmented into lithium-ion, fuel cell, lead acid battery, nickel cadmium, and sodium-based. As per capacity, it is classified into less than 100Ah, 100-250 Ah, and greater than 250 Ah. On the basis of design, it is bifurcated into a solid-state battery and flow battery. Based on application, it is classified into defense and commercial. Regionally, it is clubbed into North America, Europe, Asia Pacific, and the Rest of the World.

    Report Coverage

    The market report presents a comprehensive analysis of the latest trends and top segments in the industry. It offers an in-depth discussion of the factors driving and hindering market growth, as well as the impact of COVID-19 on the market. Moreover, the report evaluates the regional advancements and the tactics implemented by major players in the market.

    Drivers and Restraints

    Strong Demand for Alternative Energy Resources and Maritime Infrastructure to Bolster Growth

    The marine battery market is anticipated to experience growth due to an increasing demand for alternative energy resources. According to a study by Maritime Supply Chain Optimization, maritime transport plays a significant role in global trade. In addition, the growth of sea trade, which accounts for almost 90% of goods, is expected to further drive the adoption of marine batteries. Moreover, the industry's progress is expected to be supported by a growing demand for improved maritime infrastructure and tourism. Additionally, the rising need for enhanced connectivity in the marine sector and increased adoption of marine batteries are likely to contribute to an increase in product sales. These factors are expected to propel the growth of the marine battery market.

    Regional Insights

    Presence of Several Marine Operators to Boost Market Growth in Europe

    Europe is projected to dominate the marine battery market share due to the presence of several marine operators. The market in Europe was valued at USD 195.5 million in 2020 and is expected to gain a significant market share in the upcoming years. Further, competitors' procurement of advanced electric propulsions for future marine vessels is expected to fuel industry development.

    In North America, the rising utilization of electric propulsion by NOAA, defense utilities, and other governmental and commercial applications is expected to foster industry growth. Further, the rising adoption of marine batteries for leisure boats is expected to boost market development during the pandemic.

    In Asia Pacific, there is presence of major manufacturers such as Furukawa Battery Solutions, Korea Special Battery, Exide Industries Ltd., and Toshiba Corporation. These factors may propel market development.

    The global marine battery market size was USD 583.4 million in 2020. The market is expected to grow from USD 676.2 million in 2021 to USD 2,055.8 million by 2028, exhibiting a CAGR of 17.05% during the forecast period. The rising focus on developing low emission solutions and increasing development of alternative energy resources is expected to propel market growth. Fortune Business Insights™ presents this information in its report titled “Marine Battery Market, 2021-2028.” The usage of marine batteries has become increasingly prevalent in marine applications as they help power vessels and reduce emissions. The growing emphasis on creating low-emission solutions and developing alternative energy sources is anticipated to drive the global adoption of marine batteries. The escalation of emissions worldwide has led to an uptake in alternative resources that reduce pollution. Additionally, the depletion of lithium-ion resources is expected to draw consumers towards marine battery solutions, which will further drive the industry's growth in the years to come. List of Key Players Profiled in the Report: Akasol AG (Germany) EnerSys (U.S.) Exide Industries Ltd. (India) Furukawa Battery Solutions Co. Ltd. (Japan) S. Yuasa Corporation (Japan) HBL Power Systems Ltd. (India) Johnson Controls International (Ireland) Leclanché SA (Switzerland) Saft Groupe S.A. (France) Siemens AG (Germany) Systems Sunlight SA (Greece) Toshiba Corporation (Japan) Wärtsilä Oyj Abp (Finland) Browse Summary https://www.fortunebusinessinsights.com/marine-battery-market-106582 Segments By battery, the market is segmented into lithium-ion, fuel cell, lead acid battery, nickel cadmium, and sodium-based. As per capacity, it is classified into less than 100Ah, 100-250 Ah, and greater than 250 Ah. On the basis of design, it is bifurcated into a solid-state battery and flow battery. Based on application, it is classified into defense and commercial. Regionally, it is clubbed into North America, Europe, Asia Pacific, and the Rest of the World. Report Coverage The market report presents a comprehensive analysis of the latest trends and top segments in the industry. It offers an in-depth discussion of the factors driving and hindering market growth, as well as the impact of COVID-19 on the market. Moreover, the report evaluates the regional advancements and the tactics implemented by major players in the market. Drivers and Restraints Strong Demand for Alternative Energy Resources and Maritime Infrastructure to Bolster Growth The marine battery market is anticipated to experience growth due to an increasing demand for alternative energy resources. According to a study by Maritime Supply Chain Optimization, maritime transport plays a significant role in global trade. In addition, the growth of sea trade, which accounts for almost 90% of goods, is expected to further drive the adoption of marine batteries. Moreover, the industry's progress is expected to be supported by a growing demand for improved maritime infrastructure and tourism. Additionally, the rising need for enhanced connectivity in the marine sector and increased adoption of marine batteries are likely to contribute to an increase in product sales. These factors are expected to propel the growth of the marine battery market. Regional Insights Presence of Several Marine Operators to Boost Market Growth in Europe Europe is projected to dominate the marine battery market share due to the presence of several marine operators. The market in Europe was valued at USD 195.5 million in 2020 and is expected to gain a significant market share in the upcoming years. Further, competitors' procurement of advanced electric propulsions for future marine vessels is expected to fuel industry development. In North America, the rising utilization of electric propulsion by NOAA, defense utilities, and other governmental and commercial applications is expected to foster industry growth. Further, the rising adoption of marine batteries for leisure boats is expected to boost market development during the pandemic. In Asia Pacific, there is presence of major manufacturers such as Furukawa Battery Solutions, Korea Special Battery, Exide Industries Ltd., and Toshiba Corporation. These factors may propel market development.
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Marine Battery Market Size, Growth & Trends | Report [2028]
    The global marine battery market is projected to grow from $676.2 million in 2021 to $ 2,055.8 million in 2028 at a CAGR of 17.05% in forecast period
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  • Jettainer appoints Svenia Iriarte as its new CFO

    #Jettainer #aircargo #aviation #Procurement #HR #ITOperations #economist #SveniaIriarte #KPMG #airline #MergersAcquisitions #LufthansaCargo #NetworkPlanning #RoadFeederServices #cargoairline #finance #management #costoptimization #ThomasSonntag #IngeborgManzMaier #ULDmanagement #UnitLoadDevices #ULDfleet #LufthansaCargoAG
    Jettainer appoints Svenia Iriarte as its new CFO #Jettainer #aircargo #aviation #Procurement #HR #ITOperations #economist #SveniaIriarte #KPMG #airline #MergersAcquisitions #LufthansaCargo #NetworkPlanning #RoadFeederServices #cargoairline #finance #management #costoptimization #ThomasSonntag #IngeborgManzMaier #ULDmanagement #UnitLoadDevices #ULDfleet #LufthansaCargoAG
    WWW.LOGUPDATEAFRICA.COM
    Jettainer appoints Svenia Iriarte as its new CFO
    Iriarte replaces Ingeborg Manz-Maier, who will leave Jettainer after 14 successful years for early retirement effective July 1
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  • Iriarte replaces Ingeborg Manz-Maier, who will leave Jettainer after 14 successful years for early retirement effective July 1

    #Jettainer #aircargo #aviation #Procurement #HR #ITOperations #economist #SveniaIriarte #KPMG #airline #MergersAcquisitions #LufthansaCargo #NetworkPlanning #RoadFeederServices #cargoairline #finance #management #costoptimization #ThomasSonntag #IngeborgManzMaier #ULDmanagement #UnitLoadDevices #ULDfleet #LufthansaCargoAG
    Iriarte replaces Ingeborg Manz-Maier, who will leave Jettainer after 14 successful years for early retirement effective July 1 #Jettainer #aircargo #aviation #Procurement #HR #ITOperations #economist #SveniaIriarte #KPMG #airline #MergersAcquisitions #LufthansaCargo #NetworkPlanning #RoadFeederServices #cargoairline #finance #management #costoptimization #ThomasSonntag #IngeborgManzMaier #ULDmanagement #UnitLoadDevices #ULDfleet #LufthansaCargoAG
    WWW.STATTIMES.COM
    Jettainer appoints Svenia Iriarte as its new CFO
    Iriarte replaces Ingeborg Manz-Maier, who will leave Jettainer after 14 successful years for early retirement effective July 1
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