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Switchgear Market Is Seeing Explosive Growth By Future Industry Winners: Global Forecast

The switchgear market is expected to grow from an estimated USD 88.71 Billion in 2017 to USD 125.10 Billion by 2022, at a CAGR of 7.12%, from 2017 to 2022. The global market is set to witness a significant growth due to the continued growth of construction and developmental activities, increasing access to electricity, and growth of renewable power generation projects.

Market Ecosystem:

The switchgear ecosystem comprises equipment manufacturers, such as, ABB, Ltd. (Switzerland), General Electric Company (US), Schneider Electric SE (France), EATON CORPORATION plc (Ireland), Siemens AG (Germany), Larsen & Toubro, Ltd. (India), Alstom SA (France), Hitachi, Ltd. (Japan), CG Power and Industrial Solutions Limited (India), Efacec Power Solutions – S.G.P.S. S.A. (Portugal), ELEKTROBUDOWA SA GROUP (Poland), Hawker Siddeley Switchgear Ltd. (UK), Hyosung Corporation (South Korea), Mitsubishi Electric Corporation (Japan), and Toshiba Corporation (Japan) among others.

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The transmission and distribution utilities segment is expected to hold the largest share of the switchgear market, by end-user, during the forecast period.

The transmission and distribution utilities sub-segment of the end-user segment led the switchgear market in 2016 and is projected to dominate the market during the forecast period. The transmission and distribution utilities segment is also expected to grow at the fastest rate during the forecast period.

The growth of the transmission and distribution utilities segment is primarily driven by increasing investments in sub-station automation, modernization of electric grid, and smart utilities which includes smart grids and smart meters. This would enhance the protection by decreasing energy losses, due to poor operational efficiency of traditional equipment. This would ultimately create new revenue pockets for the switchgear market during the forecast period.

The gas insulated switchgear is expected to hold the largest share of the switchgear market, by equipment, during the forecast period.

The gas insulated switchgear sub-segment of the equipment segment led the switchgear market in 2016 and is projected to dominate the market during the forecast period. Rising energy demand and extension/replacement of old switchgear at sub-stations can drive the gas insulated switchgear equipment in the switchgear market. However, the circuit breaker sub-segment accounted for the second largest share in 2016 in the switchgear market, based on the equipment segment.

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North America: The leading market for switchgear

In this report, the switchgear market has been analyzed with respect to five regions, namely, Asia Pacific, Europe, North America, the Middle-East and Africa, and South America. The market in Asia Pacific led the global switchgear market in 2016. Increasing grid investments especially in developing economies, such as China and India and plans for electrification in remote areas in countries, such as Vietnam, Indonesia, and the Philippines are expected to drive the switchgear market in Asia Pacific. Indonesia aims to achieve 90% electrification rate by 2025 and the countries, such as the Philippines and Malaysia have similar plans. Rise in investments in smart grid technologies including distribution grid automation, smart meters, and demand response systems in countries, such as Japan, South Korea, and Australia would create opportunities for the switchgear market in the Asia Pacific region.

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Dental Prosthetics Market Will be Worth US$5.88 bn by 2023

Global Dental Prosthetics Market: Snapshot

The geriatric population exhibits potentially the highest demand for dental prosthetics. It is therefore much likely for the global dental prosthetics market to gain increased traction as the geriatric population grows worldwide. Additionally, the rising number of dental procedures conducted around the world has tipped scales in favor of the global dental prosthetics market. This however, is triggered by the rising incidence of dental disorders. Besides this, on back of rising disposable income, consumers are willing to spend on advanced dental care procedures, which has aided in the market’s expansion in the last few years. With the steadily growing reimbursement facilities for dental procedures, in the near future the demand for dental prosthetics is expected to scale higher than expected.

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It is noted that consumption rate of dental prosthetics is comparatively higher in developing nations. This however is achieved on the back of rising medical tourism. These nations provide advanced healthcare facilities, which is available at a lower price tag hence gaining traction from people around the world. Already a multi-billion dollar industry, the medical tourism sector in developing regions is witnessing a surging demand for dental procedures, which has created an environment conducive to the growth of the dental prosthetics market.

Overall, the global dental prosthetics market, which stood at US$3.5 bn in 2016 is expected to reach US$5.88 bn by the end of 2023, exhibiting a CAGR of 7.6% during the time. On the downside, excessive price competitiveness witnessed in the last couple of years has hindered the market’s trajectory to an extent. Given the scenario players are compelled to offer services at a lower price and provide updated solution. This however creates opportunities for research and development, which could act in favor of the market.

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Demand for Bridges and Crowns to Remain High Through Forecast Period

By type, bridges, veneers, crowns, dentures, and others (including inlays and onlays) constitute the key segments in the global dental prosthetics market. Before 2023 ends, the dental crowns segment is likely to reach US$2.9 bn. As per studies, crowns and bridges are the most commonly used dental prosthetics as they are easy to use and offer a high degree of aesthetics. Moreover, considering the latest development, patients today can choose crowns made from ceramics, plastics, zirconium, and metal ceramics.

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Biomass Boiler Market Share, Size Is Poised To Witness Significant Gains Of Over Percentage

The report, titled “Biomass Boiler Market – Global & U.K. Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2022”, states that the market’s valuation of US$1.80 bn in 2013 will increase to US$8.90 bn by 2022.

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The report states that economic development in China, Brazil, and India has led to the surging demand for energy. This will open opportunities for alternate fuel sources such as biomass boilers for energy needs. Typically, a biomass boiler comprises a wood-fueled heating unit for heating and power generation applications.In addition, the enforcement of standard specifications for boilers has encouraged investments in this market in many parts of the world. Government support in the form of tax incentives and feed-in-tariffs and favorable regulations are bolstering the growth of the global biomass boiler market.

However, factors such as biomass fuel supply, handling, and storage are detrimental to the growth of this market. Nevertheless, various schemes offered by national agencies of countries hold promise for the development of the biomass boiler market during the forecast period. For example, in the U.K., the renewable heat incentive (RHI) offered by the government provides subsidies for renewable heat technologies, biomass being one of them.The report divides the global biomass boiler market on the basis of feedstock type, end user, product type, application, and geography. Agriculture and forest residues, woody biomass, biogas and energy crops, urban residues, and others are the feedstock type segments of this market. Amongst all, in 2013, woody biomass held the largest share of 78% in the global market due to its uses for power and heat generation.

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By product type, bubbling fluidized bed boilers, circulating fluidized bed boilers, and stoker boilers are the segments of the global biomass boiler market. It is the biomass stoker boilers segment that dominated the global market in 2013 and is expected to retain its dominance through the forecast period.Industrial, commercial, and residential are the segments that divide the global biomass boiler market on the basis of end-use; of these, it was the commercial sector that was ahead of all other end-use segments in 2013.

Power generation and heating are the two segments that divide this market on the basis of application. Of the two, heating holds the largest share accounting for almost 80% of the global market in 2013.North America, Asia Pacific, Middle East and Africa, Europe, and Latin America are the regional segments of the global biomass boiler market. In the developing countries of China, India, and Brazil, regional strategies that are framed towards the utilization of secure, affordable, and reliable energy sources have contributed to the growth of the Asia Pacific regional market.About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

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Dental Electrosurgical Units Market to Perceive Substantial Growth During 2018 – 2026

Electrosurgery involves passing high-frequency waveforms through the soft tissues of the body to achieve controllable clinical effects. Passage of radio frequency energy through dental tissues converts the electromagnetic energy generated in the cells to thermal energy which achieves tissue cutting or coagulation. An electrosurgical unit is a device that comprises various electrodes and other accessories to generate electric current. It is most commonly used in periodontal therapy. Electrosurgical units are routinely used by dentists and are preferred over traditional laser therapy for tissue cutting owing to speed and efficiency. The waveforms produce remarkable tissue separation in the dental area, with little or no hemostasis.

Low cost of dental electrosurgical units as compared to lasers, rapid mode of action, and availability of various electrodes and waveforms for a number of oral surgical procedures are projected to propel the growth of the global dental electrosurgical units market from 2018 to 2026. However, loss of implant osseointegration occurring in patients with dental implants and possibility of overcutting of tissues are projected to restrain the global dental electrosurgical units market during the forecast period.

The global dental electrosurgical units market can be segmented based on technology, product type, waveform type, end-user, and application. In terms of technology, the global market can be bifurcated into unipolar and bipolar systems. The bipolar systems segment accounted for the largest market share in terms of revenue in 2017. This is attributed to the lower voltage and lesser energy required for bipolar systems, and reduced risk of patient burns associated with its use. However, effectiveness and versatility of unipolar electrosurgical instruments are expected to propel the segment at a higher CAGR during the forecast period.

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Based on waveform type, the global dental electrosurgical units market can be categorized into fully rectified waveform, partially rectified waveform, fulguration waveform, lateral heat, and others. In terms of product type, the global market can be classified into current generator unit, electrodes, and accessories. The electrodes segment can be divided into active electrodes and passive electrodes. Various active electrodes are available in the market including single-wired electrodes, loop electrodes, and heavy (bulky) electrodes.

In terms of revenue, the electrodes segment held the largest market share in 2017, owing to the emergence of local & regional manufacturers of electrodes. The active electrodes sub-segment dominated the electrodes segment in 2017, and is expected to continue its dominance in terms of revenue during the forecast period. In terms of end-user, the global market can be categorized into hospitals, ambulatory surgical centers, and specialized (dental) clinics. The hospitals segment accounted for the largest market share in terms of revenue in 2017, attributed to the availability of well-qualified dental professionals in multispecialty hospitals and improved reimbursement policies.

However, rise in surgical procedures for dental soft tissue owing to rise in prevalence of periodontal diseases across the globe is likely to boost the growth of the clinics segment from 2018 to 2026. Applications of dental electrosurgical units are tissue cutting, tissue coagulation, and others. The tissue cutting segment is expected to dominate the market from 2018 to 2026, due to painless therapy and introduction of electrodes with modified tips for precise and narrow cuts.

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Geographically, the global dental electrosurgical units market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounted for the largest market share in 2017, attributed to rise in adoption of technological advancements in dental care and strategic presence of key manufacturers in the U.S. and Canada. Europe is anticipated to be the second largest market in terms of revenue by 2026. However, improved distribution of dental electrosurgical units in the developing countries in Asia Pacific and rise in preference for cost-effective electrosurgical procedures over laser surgeries by price-sensitive population in India and China are expected to fuel the growth of the market in the region during the forecast period.

Key players operating in the global dental electrosurgical units market are Dentalaire International, Parkell, Inc., ALSA apparecchi medicali s.r.l., BonART Ltd., Stryker, BMS Dental, COLTENE Group, Ellman International, Inc., and Henry Schein, Inc., among others.

Secondary Hyperparathyroidism Treatment Market Developments, Growth and 2016 – 2024 Forecast Research Study

Secondary hyperparathyroidism is a disease that affects the parathyroid glands, leading to an increased production of parathyroid hormone (PTH) to maintain normal calcium levels in the blood. The disease is caused by an underlying chronic kidney disease in which the phosphorus in the blood is not cleaned by the kidneys. This excess phosphorus in the blood leads to a decline in calcium levels causing secondary hyperparathyroidism. In the early stages of secondary hyperparathyroidism, the PTH levels are high though the calcium levels are low or normal. The high levels of PTH lead to cardiovascular complications, low blood count, abnormal fat and sugar metabolism, weakening of bones, and calciphylaxis. The other causes of secondary hyperparathyroidism include vitamin D deficiency, vitamin D-resistant rickets, high abnormal levels of magnesium, malnutrition, and gastrointestinal malabsorption syndrome.

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Growth in prevalence of chronic kidney disease, which is a leading cause of secondary hyperparathyroidism, is one of the primary reasons for the growth of the secondary hyperparathyroidism treatment market. In addition, increase in research activities on the disease and rise in product approvals contribute to the growth of the market. For instance, in 2016, Amgen’s Parsabiv (etelcalcetide) was granted marketing authorization in Europe for the treatment of secondary hyperparathyroidism in adult patients with chronic kidney disease on hemodialysis. Furthermore, the growing number of products in the pipeline drives the market growth. However, the side effects associated with the secondary hyperparathyroidism treatment such as diarrhea, vomiting, muscle spasm, and decrease in serum calcium might have a negative impact on the market. Furthermore, decrease in the serum calcium levels as a result of the treatment leads to increased risk of heart failure owing to hypotension and decreased myocardial performance.

The secondary hyperparathyroidism treatment market can be segmented based on treatment type, distribution channel, and geography. On the basis of treatment type, the market can be segmented into surgery and drug class. The drug class can be further sub-segmented into vitamin D and derivatives, calcimimetics, and phosphate binders. Among the drug class, calcimimetics are anticipated to record a significant growth owing to their ability to bind to parathyroid cell receptors and decrease the level of calcium in blood serum. Furthermore, the increasing product approvals of calcimimetics contribute to the rapid growth of the segment. On the basis of distribution channel, the market can be segmented into hospital pharmacies and retail pharmacies. The hospital pharmacies segment is anticipated to dominate the market during the forecast period.

Geographically, the secondary hyperparathyroidism treatment market is distributed over North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. North America is anticipated to record a significant market share of the secondary hyperparathyroidism treatment. This can be attributed to the well-developed health care infrastructure, growth in awareness among people, and favorable reimbursement scenarios. Europe is anticipated to be the trailing next region in the market. However, the market growth in the region is anticipated to be affected owing to the sluggish economic growth. The Asia Pacific market is expected to record a robust CAGR during the forecast period. This growth can be attributed to the significant contribution from the emerging countries such as China and India. The high prevalence of chronic kidney disease in the region further drives the growth of the market.

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The leading players operating in the secondary hyperparathyroidism treatment market include Amgen Inc., OPKO Health, Inc., AbbVie Inc., Shire Plc, F. Hoffmann-La Roche AG, Sanofi S.A., Kyowa Hakko Kirin Co., Ltd., Astellas Pharma Inc, KAI Pharmaceuticals, Leo Pharma A/S, and Deltanoid Pharmaceuticals.

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Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Behavioral Health Market to Witness Steady Growth through 2025

Behavioral Health Market Insights

Behavioral Health deals with the emotions and behaviors related to the person’s mental wellbeing in the day to day activities. Behavioral health may not only contain ways of promoting the well-being of a human body by preventing or intervening in behavioral or mental illness such as depression, stress or anxiety. It also has as an objective to prevent or intervene in behavioral health issues like substance abuse or other addictions.

Increasing awareness and social acceptance of mental health issues are expected to fuel the market growth. For instance, in 2016, about 44.0 million people in the United States were diagnosed with a behavioral illness. Further, demand for behavioral health market is growing, globally, because of the increase in the prevalence rate of mental disorders and a rise in treatment-seeking rate. Moreover, with a growing understanding of the causes of some mental health disorders such as anxiety and bipolar disorders have given rise to innovative treatment for the patients. However, still, the behavioral health market is at the nascent stage in developing and underdeveloped countries due to social taboo associated with the behavioral health issues. Also, the lack of acceptance about the own’s behavioral health issues and less treatment-seeking rate in the emerging economies are hindering the market growth.

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Various notable players operating in the market, include, Acadia Healthcare, Universal Health Services Inc, Magellan Services Inc, National Mentor Holdings, Inc, Behavioral Health Services, Inc, Behavioral Health Network, Inc, North Range Behavioral Health, Seton Healthcare Family (Ascension Health), Ocean Mental Health Services, Beacon Health Strategies among others.

The Global Behavioral Health market has been segmented on the basis of services type, disorder, end-users, and key geographies. Based on services type, the market comprises of inpatient hospital treatment, outpatient counseling, home-based treatment services, emergency mental health services, and intensive care management. The research report “Global Behavioral Health Market” provides in-depth analysis of global Behavioral Health market based on service type, dosage, end-user and major geographies for the forecast period from 2018 to 2025. The report also highlights the major market drivers propelling the growth as well as challenges faced by market participants. The research report provides market size and forecast for the global Behavioral Health market. In addition, the report also analyses the competitive landscape, major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent developments in the market.

Key questions answered in this research report:
1. At what pace is Behavioral Health market growing? What will be the growth trend in the future?
2. What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
3. What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the Behavioral Health market?
4. What are the various application areas and how they are poised to grow?

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Market Segmentation
• By Service Type
• Inpatient Hospital Treatment
• Outpatient Counselling
• Home-Based Treatment Services
• Emergency Mental Health Services
• Intensive Care Management

• By Disorder Type
• Anxiety Disorder
• Bipolar Disorder
• Depression
• Eating Disorder
• Post-Traumatic Stress Disorder
• Substance Abuse Disorder
• Others

• By End-User
• Outpatient Clinics
• Rehabilitation Centers
• Hospitals (Emergency)
• Homecare Setting

By Geography
• North America
As a part of the customization
o By Service type
o By Disorder
o By End-users
o US
o Canada
o Mexico

• Europe
As a part of the customization
o By Service type
o By Disorder
o By End-users
o UK
o Germany
o Spain
o Rest of Europe

• Asia-Pacific
As a part of the customization
o By Service type
o By Disorder
o By End-users
o China
o Australia
o India
o Rest of APAC

• ROW
As a part of the customization
o By Service type
o By Disorder
o By End-users
o Brazil
o South Africa
o GCC countries
o Rest of world (remaining countries of the LAMEA region)

Leading market players
• Acadia Healthcare Co
• Universal Health Services Inc
• Magellan Health Inc
• National Mentor Holdings Inc
• Behavioral Health Services Inc
• Behavioral Health Network Inc
• North Range Behavioral Health
• Seton Healthcare Family (Ascension Health)
• Ocean Mental Health Services
• Beacon Health Strategies

*Other prominent players in the market which can be profiled as a part of customization:
AdvoServ
CRC Health Group
Elements Behavioral Health
Aurora Behavioral Healthcare
Family Help & Wellness

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GMI Research is a market research and consulting firm which provides research-based solutions to business executives and investment professionals so that they can make right business & investment decisions faster based on real facts. We help business leaders through independent fact-based insight, ensuring their business achieve success by beating the competition.GMI Research leverages its industry expertise and experience to identify the industry trends, big opportunities and potential growth areas across industries. Our Syndicated reports provide actionable insights and covers industry trends, market drivers & restraints, macroeconomics factors, market estimates & forecasts, competitive landscape etc. which helps our clients to strengthen its market position by deploying specific strategies and actions that will lead to higher growth.

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Global Construction & Demolition Robots Market Outlook Report 2025

Bharat Book Bureau Provides the Trending Market Research Report on “Global Construction & Demolition Robots Market by Product Type, Automation Degree, Robot Function, Application Vertical and Region 2014-2025: Growth Opportunity and Business Strategy” under Heavy Industry Category. The report offers a collection of superior market research, market analysis, and competitive intelligence and industry reports.

Global Construction & Demolition Robots Market is expected to reach $386.6 million by 2025, growing by 12.09% annually during 2019-2025 owing to a rising adoption of all types of construction & demolition robots across the globe.

“Global Construction & Demolition Robots Market by Product Type, Automation Degree, Robot Function, Application Vertical and Region 2014-2025: Growth Opportunity and Business Strategy” is based on a comprehensive research of global construction & demolition robots market and its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report provides historical market data for 2014-2017, revenue estimates for 2018, and forecasts from 2019 till 2025. (Please note: Before delivery, the report will be updated so that the latest historical year is the base year and the forecast covers the next 5-10 years over the base year.)

In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces

The trend and outlook of global market is forecast in optimistic, balanced, and conservative view. The balanced (most likely) projection is used to quantify global construction & demolition robots market in every aspect of the classification from perspectives of Product Type, Automation Degree, Robot Function, Application Vertical and Region.

Based on product type, the global market is segmented into the following sub-markets with annual revenue for 2014-2025 (historical and forecast) included in each section.
• Traditional Robots
• Robotic ARMs
• Exoskeletons

On basis of robot automation, the global market is analyzed on the following segments with annual revenue for 2014-2025 (historical and forecast) provided in each section.
• Semi-Autonomous Robots
• Fully Autonomous Robots

On basis of robot function, the global market is analyzed on the following segments with annual revenue for 2014-2025 (historical and forecast) included in each segment.
• Demolition Robots
• Bricklaying Robots
• Concrete Structural Erection Robots
• 3D Printing Robots
• Others

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On basis of application, the global market is analyzed on the following segments with annual revenue for 2014-2025 (historical and forecast) included in each section.
• Public Infrastructure
• Commercial and Residential Buildings
• Nuclear Dismantling and Demolition
• Others

Geographically, the following regions together with the listed national markets are fully investigated:
• APAC (Japan, China, Australia, India, South Korea and Rest of APAC)
• Europe (Germany, France, UK, Italy, Russia, Rest of Europe)
• North America (U.S. and Canada)
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America)
• RoW (UAE, Saudi Arabia, Iran)

For each of the aforementioned regions and countries, detailed analysis and data for annual revenue are available for 2014-2025. The breakdown of all regional markets by country and split of key national markets by product type and robot function over the forecast years are also included.

The report also covers current competitive scenario and the predicted manufacture trend; and profiles key vendors including market leaders and important emerging players.

Specifically, potential risks associated with investing in global construction & demolition robots market and industry are assayed quantitatively and qualitatively through GMD’s Risk Assessment System. According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders identify emerging opportunities, manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions.

Key Players:
* Advanced Construction Robotics
* Apis Cor
* Autonomous Solutions, Inc.
* Brokk AB
* Conjet AB
* Construction Robotics, LLC
* Cyberdyne, Inc.
* Ekso Bionics
* Fastbrick Robotics Limited
* Fujita Corporation
* Husqvarna Group
* Komatsu Limited
* Lifco AB
* MX3D
* Link Construction Robotics
* Sarcos Corporation
* Top Tec Spezialmaschinen GmbH
* Yingchuang Building Technique Co.
* U.S. Bionics, Inc. (suitX)

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Mining Trucks Market – Future Growth, Industry Verticals, Segmentation & Forecast to 2028

Recent research and the current scenario as well as future market potential of haul Trucks Market – Global Industry Trend Analysis 2013 to 2017 and Forecast 2018 – 2028

The global haul Trucks market, which is extensively assessed in the report contemplates the best need development angles and how they could affect the market over the figure residency under thought. The experts have taken careful endeavors to thoroughly evaluating every development factor of the haul Trucks market, other than indicating how certain market restrictions could represent a danger to players in the coming years. In addition, the report additionally gives data on top patterns and openings and how players could take advantage of them to take up the difficulties in the market.

In fast-growing economies and developing markets, the construction industry is expected to gain momentum in the coming years. Advancements in the construction and mining industries have led to the higher acceptance of off-road vehicles such as haul trucks, which are used for transporting loose materials (gravel, sand, etc.). Different types of haul trucks are available based on payload capacity. The highest payload capacity haul truck is generally known as ultra class trucks. Ultra class trucks can carry a payload capacity of above 300 tons.

The haul trucks market is currently in between the growth and mature stages, and the production of haul trucks is directly related to the expansion in the construction sector. Moreover, strong outlook of construction and mining industry in the coming years will create considerable opportunities for haul truck manufacturers.

Haul Trucks Market: Market Dynamics

Drivers:

The growth of end use industries such as the construction and mining industries, both, in developed and developing regions, is expected to be a major factor responsible for the growth of the global haul trucks market over the forecast period. Moreover, the increasing need for bigger off-road vehicles with high horsepower and greater capacity will also give traction to the growth of the haul trucks market in the near future. That apart, advancements in technology and the better fuel efficiency of haul trucks encourage construction firms to purchase new off-road vehicles, which will further add to the growth of the haul trucks market.

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Restraints:

Haul trucks require high capital investment as well as incur high maintenance costs, which is anticipated to be a prime factor hampering the growth of the haul trucks market in the near future. Moreover, haul trucks need qualified drivers to manage the vehicles, which will further act as a restraining factor for the growth of the haul trucks market over the forecast period.

Trends:

A major trend projected five years down the line includes market leaders focusing on strategic expansion to expand their presence across the globe. This is anticipated to act as a catalyst to maintain leadership. Moreover, the manufacturer of haul trucks are focused on maintaining long term partnership with customers for maintenance and services.

Haul Trucks Market: Segmentation

The global haul trucks market can be segmented on the basis of type, capacity, and sales channel.

Based on type, the global haul trucks market is segmented into:

  • Articulated Haul Trucks
  • Mechanical Haul Trucks
  • Electric Haul Trucks

Based on capacity, the global haul trucks market is segmented into:

  • Less than 200 Tons
  • 200 – 300 Tons
  • Above 300 Tons

Based on sales channel, the global haul trucks market is segmented into:

  • OEMs (Original Equipment Manufacturers)
  • Aftermarket

Haul Trucks Market: Regional Outlook

Over the forecast period, Asia Pacific is expected to be closely followed by North America. Both these markets are foreseen to witness massive growth in the haul trucks market, owing to the anticipated growth in the construction sector in emerging economies such as the China and India Western Europe is estimated to grow at a considerable CAGR during the forecast period, owing to increasing construction spending in the region. Germany is estimated to be the leading automobile and automotive market in Western Europe. Owing to the growing demand for haul trucks from the mining and construction industries in the region, North America is estimated to grow at a considerable CAGR during the forecast period. Latin America is anticipated to witness growth in the haul trucks market over the forecast period. The Middle East and Africa (MEA) is projected to grow at a significant rate over the forecast period, owing to growing construction activities in countries such as Saudi Arabia, UAE, etc.

Haul Trucks Market: Market Participants

Examples of some of the key participants identified across the value chain of the global haul trucks market include:

  • Komatsu Limited
  • Liebherr Group
  • Caterpillar
  • OJSC BELAZ
  • Hitachi Construction Machinery Co, Ltd
  • Deere & Company
  • XCMG Group
  • Volvo AB
  • Brown Inc.

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

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The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

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  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

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