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Opportunity for Artificial Lift Market to Reach $9.69 Billion by 2021

An increase in deep and ultra-deep offshore exploration, along with the growing demand in enhanced productivity requirement, is driving the artificial lift market. Reserves that were earlier considered uneconomical and abandoned, are now getting productive with the use of artificial lift technology. The three-fold rise in subsea production since 2000 has resulted in an unprecedented growth of this market in deep and ultra-deep waters in countries such as Brazil, Gulf of Mexico, Angola, and Nigeria.

The lifts can be broadly categorized as Rod lift, Electric Submersible Pump (ESP), Progressive Cavity Pump (PCP), and Gas lift; each of these are employed for specific wells depending upon the well characteristics and are suitable for specific lifting requirement. Thus, the dominance of a particular lift type changes from region-to-region. Canadian wells are characterized by heavy oil and bitumen production which is driving the PCP market at a growth rate of 10.4%. It has also been observed that the leading players in this market have core competencies in particular lifts and are focused in that technology in specific regions.

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The most common form of artificial lift is the Rod lift that has the maximum penetration by installations. U.S. has the highest potential of Rod lift business and is expected to grow by 6.6%. This will also boost the revenues of component manufacturers such as sucker rods. ESP is mostly used in secondary recovery fields and has the maximum market share by revenue. Russia has the largest market for Electric submersible pumps and is expected to have a modest demand; however, Latin American countries are anticipated to witness the maximum growth. Heavy oil reserves in Canada, Venezuela, and Nigeria drives the demand for PCP in this market. The highest growth is observed in Gas lifts, with high potential in the U.S.; however, it is limited by its requirement of natural gas source at its vicinity.

About 91% of the wells globally, are equipped with the artificial lift system. The penetration of lift systems varies across regions depending on the well maturity. The Middle East and the African regions presently have the least penetration, though, over the passage of time as the wells continue to reach their enhanced recovery stage, it will provide a gigantic opportunity in countries such as UAE, Saudi Arabia, Oman, Kuwait, Nigeria, Angola, etc. This could be a major focus area for equipment manufacturers.

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The Capex analysis of oil producing companies is a critical factor to estimate the demand for equipment. The global Capex is expected to grow at about 9.5% till 2018. Perhaps, it will be allocated to subsea operations in Africa and Latin America. This will provide a high scope to the players in this market.

The ecosystem of the artificial lift market is undergoing a major transformation, marked by mergers & acquisitions, new products development, and alliances. The oil producing companies are developing next generation equipment to recover high pressure and high temperature hydrocarbon resources. Equipment companies are embarking on a horizontal integration. The various factors coupled with technological innovations are expected to drive this market at a CAGR of 9.5% till 2018.

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Power Transformer Market

About MarketsandMarkets

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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MarketsandMarkets™ INC. 
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Ring Main Unit Market Explores New Growth Opportunities by Leading Manufactures

The global ring main unit market is projected to grow at a CAGR of 8.35% from 2017 to 2022. In 2016, Asia-Pacific was estimated to be the largest market for ring main unit, followed by Europe and North America. This trend is expected to continue till 2022. The growth of the ring main unit market is driven by modernization of existing power infrastructure and smart distribution networks.

The ring main unit market is dominated by a few global players which includes ABB, Ltd. (Switzerland), Schneider Electric SE (France), Eaton Corporation PLC (Ireland), Siemens AG (Germany), and General Electric Company (U.S.).

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Major strategies adopted by players in the ring main unit market include contracts & agreements, expansions, new product developments, and mergers & acquisitions. Contracts & agreements were the most commonly adopted strategy from 2013 to 2017 and accounted for more than 58.1% of the total market share. Industry players also adopted expansions, which was the second most widely followed strategy from 2013 to 2017.

ABB, Ltd. is a technological leader in electrical products, which caters to a wide range of industries such as transmission, distribution, renewable generation, utilities, industry, marine, and oil & gas among others. It conducts its business through four segments, namely, power grids, industrial automation, robotics & motion, and electrification products.

The report segments the ring main unit market on the basis of application into distribution utilities, industries, and infrastructure & transportation. The distribution utilities sub-segment accounted for the largest market share in 2016. This segment is also expected to witness the highest CAGR during the forecast period, due to increasing investments in the power sector in Asia-Pacific to augment generation capacities to meet the growing power demand in the region.

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Eaton is a diversified power management company that is driven by five business groups, namely, electrical products, electrical systems & services, hydraulics, aerospace, and vehicle segments. The company provides ring main units under its medium voltage switchgear segment of its electrical products and electrical systems & services division. 

Key questions

  • Which key players have strong advantage on price? Who are the key contenders in the unorganized market?
  • Which are the new opportunity areas and what are the best sales channels to gain a quick entry?
  • Which industry segments have simpler buying process, and which vertical are switching their existing switching solutions to RMUs?

About MarketsandMarkets

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA : 1-888-600-6441 
sales@marketsandmarkets.com

Witness the Excellent Long-Term Growth Outlook of Bioliquid Heat and Power Generation Market 2022 (2.29 Billion USD Market)

The global bioliquid heat and power generation market was valued at USD 1.57 Billion in 2016 and is projected to grow at a CAGR of 6.54%, during the forecast period, to reach USD 2.29 Billion by 2022. The increased recycling of waste products, reduction in carbon emissions, and availability of technology to convert feedstocks to liquid biofuels are the major factors driving the bioliquid heat and power generation market. Improving energy security is one of the major opportunities for this market.

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The report segments the bioliquid heat and power generation market, by application, into heat production and electricity generation. The heat production segment is estimated to lead the bioliquid heat and power generation market in 2017. The heat production segment is also projected to grow at the fastest rate during the forecast period due to the easy availability of feedstocks for heat production. In Europe, the major demand for heat production is from the residential sector. This will boost the overall heat production market.

Based on type, bioethanol segment accounted for the largest market size in 2016. Bioethanol is a type of bioliquid generated from feedstocks such as sugar, wheat, and maize. The bioethanol market accounted for more than half of the bioliquid heat and power generation market in 2016. These factors are expected to drive the bioethanol segment of the bioliquid heat and power generation market, by type.

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The bioliquid heat and power generation market has been analyzed with respect to 4 regions, namely, Europe, North America, Asia Pacific, and the rest of the world. The market in Europe is expected to lead the global bioliquid heat and power generation market by 2022. The market size in this region can be attributed to the increasing focus on the renewable energy sector, of which bioliquid is a part. Countries such as Germany, the UK, and France are the key markets for bioliquid heat and power generation in Europe. The stringent regulatory framework regarding bioliquids in the region is expected to drive the market in Europe.

Objectives of the Study

  • To define, describe, segment, and forecast the global bioliquid heat and power generation market based on application, type, and region
  • To provide detailed information regarding the major factors influencing the growth of the bioliquid heat and power generation market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze the bioliquid heat and power generation market with respect to individual growth trends and contributions of each segment to the market
  • To analyze market opportunities for stakeholders and provide details of the competitive landscape for companies in this industry
  • To strategically profile key players and comprehensively analyze their market shares.
  • To track and analyze competitive developments such as contracts & agreements, investments and expansions, new product developments, and mergers & acquisitions in the bioliquid heat and power generation market

Related Report:

Progressing Cavity Pump Market by Power Rating (Up to 50 hp, 51-150 hp, Above 150 hp), End User (Oil & Gas (Application, Well Type), Water & Wastewater, Food & Beverage, Chemical & Petrochemical, and Others), Region – Global Trends and Forecast to 2023″

About MarketsandMarkets

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA : 1-888-600-6441 
sales@marketsandmarkets.com

The Secret Weapon For 3.19 Billion USD Worth Shunt Reactor Market 2022: Trends and Hidden Insights

The global shunt reactor market is projected to grow at a CAGR of 4.56% from 2017 to 2022. The global shunt reactor market is estimated to reach USD 2.56 Billion, which is projected to reach USD 3.19 Billion by 2022. The market in Asia Pacific is estimated to be the largest for shunt reactors, followed by North America in 2017. This trend is expected to continue till 2022. The growth of the shunt reactor market is driven by increasing demand for electricity, upgradation of the aging technology, and augmentation and modernization of the T&D network.

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The shunt reactor market is dominated by a few major players that have a wide regional presence and are established brand names. Companies such as GE (US), Siemens (Germany), ABB (Switzerland), Crompton Greaves (India), and Fuji Electric (Japan) are the leading players in the shunt reactor market.

Major strategies adopted by the key players in shunt reactor market include contracts & agreements and expansions and investments. Contracts & agreements was the most commonly adopted strategy by these players from 2014 to February 2017. ABB (Switzerland) and Siemens (Germany) are among the leading players in the shunt reactor market.

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ABB is a technology leader which engages in the development and provision of power and automation technologies. The company operates through the following segments: electrification products, discrete automation and motion, process automation, power grids, corporate, and others. The electrification products division provides solutions for low- and medium-voltage switchgear, breakers, switches, control products, wiring accessories, and installation materials. Contracts & agreements is one of the main strategies adopted by the company.

Siemens, the German multinational conglomerate is another leading global player in the shunt reactor market. The company’s focus is on positioning itself as a pioneer along the entire electrification value chain with its respective business units. For this, it has designed a comprehensive strategic framework and plans to follow it in order to improve its business, management, and customer focus in the near future. It has acquired two main companies which can help to strengthen its position in the shunt reactor market.

Asia Pacific is currently the largest market for shunt reactors, followed by North America and Europe. China accounted for a majority share in the Asia Pacific region and is projected to grow at the highest CAGR from 2017 to 2022. In developing countries such as China and India, factors such as strong growth in the demand for electricity fueled by high levels of urbanization, industrialization, infrastructural developments, and subsequent investments in developing T&D networks, would spur the demand for shunt reactors.

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Air Quality Control Systems Market

About MarketsandMarkets

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA : 1-888-600-6441 
sales@marketsandmarkets.com

Blockchain in Energy Market worth $7,110.1 Million by 2023

The blockchain in energy market is expected to grow from an estimated USD 394.3 million in 2018 to USD 7,110.1 million by 2023, at a CAGR of 78.32%. Increasing popularity of the blockchain technology in the energy sector and the rising security concerns across the globe are likely to drive the blockchain in energy market.

The services segment led the blockchain in energy market in 2017, as most of the companies are tying up with various blockchain startups to implement blockchain operations such as energy trading, grid management, and supply chain management. Energy trading includes peer-to-peer energy trading, smart contracts, and real-time pricing, which would help increase transparency between transactions, data management, data visibility, and inter-system communications.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=186846353

Europe: The leading market for blockchain in energy market

In this report, the blockchain in energy market has been analyzed with respect to 4 regions, namely, Asia Pacific, North America, Europe, and RoW. Europe led the global blockchain in energy market in 2017 owing to the maximum number of blockchain startups and implemented projects along with the incorporated regulatory support from the government. Germany and the UK are the largest markets for blockchain in energy market in the region. Moreover, most of the utility companies such as Enel (Italy), RWE (Germany), and Vattenfall (Sweden) are collaborating with Ponton’s (Germany). The collaboration revolves around for the Enerchain project that focuses on blockchain technology in the energy sector to bring peer-to-peer trading to the wholesale energy market. Therefore, factors such as increasing investments towards the adoption of blockchain platform are driving the blockchain in energy market in the region.

Some of the top players in the blockchain in energy market include Microsoft (US), Accenture (Ireland), IBM (US), Infosys (India), and SAP (Germany).

Witness the Excellent Long-Term Growth Outlook of Low Voltage Motor Control Centers Market 2022

The global low voltage motor control centers market is projected to grow at a CAGR of 5.62% from 2017 to 2022. In 2017, Asia-Pacific is estimated to be the largest market for low voltage motor control centers, followed by North America and Europe. This trend is expected to continue during the forecast period. The growth of the low voltage motor control centers market is driven by the increasing industrial automation, increased industrial plant uptime, and growth of the power sector globally.

The low voltage motor control centers market is dominated by both, global and regional players. The key players operating in the market include Eaton (Ireland), Siemens (Germany), ABB (Switzerland), Rockwell Automation (US), Schneider Electric (France), and General Electric (US).

Download PDF Brochure Here: https://www.marketsandmarkets.com/pdfdownload.asp?id=66267149

The major strategies adopted by the players in the low voltage motor control centers market include new product development, contracts & agreements, expansions, mergers & acquisitions, and others. Others include certifications, collaborations, partnerships, and joint ventures. New product development was the most commonly adopted strategy from 2013 to 2017. Industry players also adopted the strategy of contracts & agreements, which was the second-most widely followed strategy from 2013 to 2017.

Siemens is a manufacturing and engineering company. Its operations span the entire value chain, from power generation, transmission, and distribution to smart grid solutions. The company conducts its operations through nine segments, namely, power and gas, healthcare, energy management, digital factory, process industries and drives, mobility, building technologies, wind power and renewables, and financial services. It also offers factory support, maintenance, repair and replacements, modernization, and upgradation of services. Low voltage motor control center is a part of process industries and drives segment.

To speak to our analyst for a discussion on the above findings, click https://www.marketsandmarkets.com/speaktoanalyst.asp?id=66267149

Schneider Electric is engaged in electrical distribution and the manufacturing of industrial engineering equipment used to optimize energy for sectors such as energy and infrastructure, industries, datacenters, buildings, and residential. The company operates through four business segments, namely, buildings and partners, infrastructure, industry, and IT. 

Objectives of the Study

  • To define, describe, and forecast the global  market on the basis of type, component, end-user, and region
  • To provide detailed information regarding the major factors influencing the growth of this market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze the market of low voltage motor control centers with respect to individual growth trends, future prospects, and contributions of each segment to the market
  • To analyze market opportunities for stakeholders and provide details of the competitive landscape for market leaders
  • To strategically profile key players and comprehensively analyze their market shares and core competencies
  • To track and analyze competitive developments such as contracts & agreements, expansions, new product developments, and mergers & acquisitions in the this market

About MarketsandMarkets

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA : 1-888-600-6441 
sales@marketsandmarkets.com

The Secret Weapon For 7.04 Billion USD Worth Pneumatic Conveying Systems Market 2021: Trends and Hidden Insights

The report Pneumatic Conveying Systems Market by Type (Positive Pressure Conveying, Vacuum Pressure Conveying and Combined Conveying), Operation (Dense-phase conveying and Dilute-phase conveying), Industry and Region – Global Forecast to 2021″, is projected to grow from an estimated USD 5.16 Billion in 2016 to USD 7.04 Billion by 2021, at a CAGR of 6.4%. Rapid industrialization in emerging economies, rising demand for energy pneumatic conveying systems, and thriving recycling and waste treatment industries are the key driving factors for pneumatic conveying systems.

Download PDF Brochure Here: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=7630455

Positive pressure conveying systems to dominate the market during the forecast period

Positive pressure conveying systems are expected to hold a larger share of the market by technology in the pneumatic conveying systems market. Growing demand for high-efficiency systems is likely to be the major driving factor. The application of the system ranges from medium to high pressure. It’s used to transfer free flowing, granular, sticky or very fine material. The system is capable of transporting heavy materials over a longer distance. In vacuum conveying system, the material is transferred under low pressure and limited distances. When the material degradation is a concern, the vacuum or pressure dense phase system is mostly preferred over other modes of transportation. The market for the positive pressure conveying system is expected to grow at a promising rate during the forecast period due to their wide range of applications and high efficiency.

Food & beverage industry to hold the largest share in the pneumatic conveying systems market from 2016 to 2021

The food & beverage industry is the largest contributor to the pneumatic conveying systems market, and also acts as a key driver of the market. The rise in disposable income in emerging economies such as China, India, Brazil, Saudi Arabia, and Southeast Asia has led to high demand for food products. This has led to high growth of food industry in these economies, thereby leading to high demand for pneumatic conveying systems market. The pneumatic conveying systems market is driven by the rapid industrialization of emerging economies such as China, Saudi Arabia, India, South Africa, and other South Asian countries. Furthermore, the demand for advanced and energy efficient pneumatic system has boosted the demand for pneumatic conveying systems in several manufacturing industries.

To speak to our analyst for a discussion on the above findings, click https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=7630455

Asia-Pacific pneumatic conveying systems market to witness the highest growth from 2016 to 2021

The report covers five major regions—namely, Asia-Pacific, Europe, the Middle East and Africa, North America, and South America. The Asia-Pacific region is expected to witness high growth in the power generation, pharmaceuticals, and food & beverages industries from 2016 to 2021. Moreover, new government environmental norms are likely to boost demand for pneumatic systems.

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Intelligent Completion Market by Application (Onshore & Offshore), Component (Hardware & Software), Type (Complex & Simple), Function (Downhole Monitoring & Control System, Surface Control System, and Communication), and Region – Global Forecast to 2023″

About MarketsandMarkets

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA : 1-888-600-6441 
sales@marketsandmarkets.com

Distributed Generation Market worth $103.38 Billion by 2022

The distributed generation market is expected to grow from an estimated USD 60.04 Billion in 2017 to USD 103.38 Billion by 2022, at a CAGR of 11.48%. The market is set to witness growth, due to increasing mandates to reduce global greenhouse gas emissions and rising demand for electricity from the industrial, commercial, and residential sectors.

The on-grid segment is expected to hold the largest share of the distributed generation market, by application, during the forecast period

On-grid systems are cost-effective and convenient to install. The global market for distributed generation facilities that employ grid-tied arrangements has been the highest. Driven by the capability to provide perfect solutions for various end-users and contribution to reduce harmful emissions from fossil fuel power plants, the segment is expected to grow at a decent pace during the forecast period.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=67245289

Europe: Expected to be the leading market for distributed generation during the forecast period

In this report, the distributed generation market has been analyzed with respect to five regions, namely, North America, Europe, Asia Pacific, South America, and the Middle East and Africa. The European market is expected to lead the distributed generation market, by region. The increasing demand for electrical energy due to urbanization and industrialization, as well as rising government mandates to achieve sustainable goals, is likely to drive the market during the forecast period in the region.

Some of the top players in the distributed generation market include Siemens (Germany), GE (US), Schneider (France), Mitsubishi (Japan), Capstone (US), and Doosan (South Korea). 

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.
630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

Email: newsletter@marketsandmarkets.com

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