Market Overview

The US Solar (PV) Inverter market is expected to grow at a CAGR of 5.67% over the forecast duration of 2022-2030. The U.S. Solar (PV) Inverter market is beginning to boom, particularly in Florida, Texas, and the Midwest, with the scheduled reduction of the Investment Tax Credit for solar pushing developers and off-takers to get projects online within the next few years. The need for various renewables, such as solar energy and equipment, has increased year over year because of the rising energy demand. Alternative energy, particularly wind, and solar, have been put on the back burner since the drop in gas prices in 2014, and the trend has spread to a variety of businesses. One of the biggest markets in 2021 is the U.S. There is a sizable market for several kinds of PV inverters in the country. The scale of central inverters (1.5 MW or more) and three-phase string inverters are two recent inverter trends in the United States (60 kW). Despite consistent growth for string inverters in the U.S., central inverters are predicted to cling to their market share.
The US Solar (PV) Inverter market was valued at USD 2,076.56 million in 2021 and is expected to reach USD 3,396.72 million by 2030, registering a CAGR of 5.67% over the forecast duration. Across the United States, there is rapid development in the sector of renewable energy and solar energy is the most popularly used renewable energy. Solar inverters are easy to install. All these factors will drive the steady growth of the solar inverter market in the United States during the forecast period. However, the high installation cost, huge heat loss in large solar inverters, and absence of monitoring of panels are the main factors that could restrain the Solar Inverter Industry from having a consistent growth.

Market Segmentation

By type, the market is segmented into string inverter, central inverters, micro inverter, inverters with optimizers, and hybrid inverter. Of them, the central inverter segment accounted for the largest share (49.4%) in the market in 2021. By phase, the market is segmented into a single phase and three phases. Of them, three-phase held 56% market share in 2021. By coupling, the market is segmented into AC coupled and DC coupled. AC coupled was the major segment accounting for 56.07% market share in 2021. By power rating, the market is segmented into 10 kW, 10–50 kW, 50–100 kW, and Above 100 kW. Among them, the 50-100 KW segment accounted for 40.78% of the market share in 2021. By system type, the market is segmented into on-grid and off-grid. On-grid was the largest segment accounting for 55.19% share in the market.

Major Players

General Electric, Yaskawa Solectria Solar, Siemens Energy, FIMER, and Eaton Corporation are among few of the players offering a wide range of solar inverters.

COVID 19 Impacts

We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY 12
1.1 MARKET ATTRACTIVENESS ANALYSIS 14
1.1.1 US SOLAR (PV) INVERTER MARKET, BY TYPE 14
1.1.2 US SOLAR (PV) INVERTER MARKET, BY SYSTEM 15
1.1.3 US SOLAR (PV) INVERTER MARKET, BY PHASE 16
1.1.4 US SOLAR (PV) INVERTER MARKET, BY COUPLING 17
1.1.5 US SOLAR (PV) INVERTER MARKET, BY POWER RATING 18
2 MARKET INTRODUCTION 19
2.1 DEFINITION 19
2.2 SCOPE OF THE STUDY 19
2.3 MARKET STRUCTURE 19
3 RESEARCH METHODOLOGY 20
3.1 RESEARCH PROCESS 20
3.2 PRIMARY RESEARCH 21
3.3 SECONDARY RESEARCH 22
3.4 MARKET SIZE ESTIMATION 22
3.5 TOP DOWN & BOTTOM UP APPROACH 23
3.6 FORECAST MODEL 24
3.7 LIST OF ASSUMPTIONS 25
4 MARKET DYNAMICS 26
4.1 INTRODUCTION 26
4.2 DRIVERS 27
4.2.1 RISING NUMBER OF SOLAR INSTALLATIONS ATTRIBUTED TO GOVERNMENT-LED INCENTIVES AND SCHEMES 27
4.2.2 INCREASING DEMAND FOR STEADY POWER SUPPLY COUPLED WITH PRICE REDUCTION OF RENEWABLE POWER GENERATION 27
4.2.3 DRIVERS IMPACT ANALYSIS 28
4.3 RESTRAINTS 28
4.3.1 SAFETY RISKS ASSOCIATED WITH HIGH DC VOLTAGES 28
4.3.2 RESTRAINTS IMPACT ANALYSIS 29
4.4 OPPORTUNITIES 29
4.4.1 GROWING DEMAND FOR ELECTRIC VEHICLES 29
4.5 IMPACT OF COVID-19 ON GLOBAL ECONOMY 30
4.6 IMPACT OF COVID-19 ON THE US SOLAR (PV) INVERTER MARKET 30
4.7 SUPPLY CHAIN IMPACT 30
4.7.1 IMPACT ON MANUFACTURER/DEVELOPER 30
4.7.2 IMPACT ON COMPONENT/SERVICES SUPPLIER 30
4.7.3 IMPACT ON DISTRIBUTION/LOGISTICS 31
5 MARKET FACTOR ANALYSIS 32
5.1 SUPPLY/VALUE CHAIN ANALYSIS 32
5.1.1 R&D 32
5.1.2 MANUFACTURING & ASSEMBLY 33
5.1.3 DISTRIBUTION & SALES 33
5.1.4 POST-SALES MONITORING 33
5.2 PORTER’S FIVE FORCES MODEL 34
5.2.1 THREAT OF NEW ENTRANTS 34
5.2.2 BARGAINING POWER OF SUPPLIERS 34
5.2.3 BARGAINING POWER OF BUYERS 35
5.2.4 THREAT OF SUBSTITUTES 35
5.2.5 INTENSITY OF RIVALRY 35
6 US SOLAR (PV) INVERTER MARKET, BY TYPE 36
6.1 OVERVIEW 36
6.2 STRING INVERTER 37
6.2.1 STRING INVERTER: MARKET ESTIMATES & FORECAST,2020-2030 37
6.3 CENTRAL INVERTER 37
6.3.1 CENTRAL INVERTER: MARKET ESTIMATES & FORECAST, 2020-2030 37
6.4 MICRO INVERTER 38
6.4.1 MICRO INVERTER: MARKET ESTIMATES & FORECAST, 2020-2030 38
6.5 HYBRID INVERTER 38
6.5.1 HYBRID INVERTER: MARKET ESTIMATES & FORECAST, 2020-2030 38
6.6 INVERTER WITH OPTIMIZER 38
6.6.1 INVERTER WITH OPTIMIZER: MARKET ESTIMATES & FORECAST,2020-2030 38
7 US SOLAR (PV) INVERTER MARKET, BY SYSTEM 39
7.1 OVERVIEW 39
7.2 ON-GRID 40
7.2.1 ON-GRID: MARKET ESTIMATES & FORECAST BY REGION/COUNTRY, 2020-2030 40
7.3 OFF-GRID 40
7.3.1 OFF-GRID: MARKET ESTIMATES & FORECAST BY REGION/COUNTRY, 2020-2030 40
8 US SOLAR (PV) INVERTER MARKET, BY PHASE 41
8.1 OVERVIEW 41
8.2 SINGLE-PHASE 42
8.2.1 SINGLE-PHASE: MARKET ESTIMATES & FORECAST BY REGION/COUNTRY, 2020-2030 42
8.3 THREE-PHASE 42
8.3.1 THREE-PHASE: MARKET ESTIMATES & FORECAST BY REGION/COUNTRY, 2020-2030 42
9 US SOLAR (PV) INVERTER MARKET, BY COUPLING 43
9.1 OVERVIEW 43
9.2 AC COUPLED 44
9.2.1 AC COUPLED: MARKET ESTIMATES & FORECAST BY REGION/COUNTRY, 2022-2030 44
9.3 DC COUPLED 44
9.3.1 DC COUPLED: MARKET ESTIMATES & FORECAST BY REGION/COUNTRY, 2022-2030 44
10 US SOLAR (PV) INVERTER MARKET, BY POWER RATING 45
10.1 OVERVIEW 45
10.2 BELOW 10 KW 46
10.2.1 BELOW 10 KW: MARKET ESTIMATES & FORECAST BY REGION/COUNTRY, 2020-2030 46
10.3 10–50 KW 47
10.3.1 10–50 KW: MARKET ESTIMATES & FORECAST BY REGION/COUNTRY, 2020-2030 47
10.4 50–100 KW 47
10.4.1 50–100 KW: MARKET ESTIMATES & FORECAST BY REGION/COUNTRY, 2020-2030 47
10.5 ABOVE 100 KW 47
10.5.1 ABOVE 100 KW: MARKET ESTIMATES & FORECAST BY REGION/COUNTRY, 2020-2030 47
11 COMPETITIVE LANDSCAPE 48
11.1 COMPETITIVE OVERVIEW 48
11.2 COMPETITIVE BENCHMARKING 49
11.3 COMPANY MARKET SHARE ANALYSIS 50
11.4 KEY DEVELOPMENTS & GROWTH STRATEGIES 51
11.4.1 COLLABORATIONS /ACQUISTIONS AND PRODUCT LAUNCHES 51
12 COMPANY PROFILES 53
12.1 SIEMENS ENERGY AG 53
12.1.1 COMPANY OVERVIEW 53
12.1.2 FINANCIAL OVERVIEW 54
12.1.3 PRODUCTS OFFERED 54
12.1.4 KEY DEVELOPMENTS 55
12.1.5 SWOT ANALYSIS 56
12.1.6 KEY STRATEGIES 56
12.2 SUNPOWER 57
12.2.1 COMPANY OVERVIEW 57
12.2.2 FINANCIAL OVERVIEW 57
12.2.3 PRODUCTS/SERVICES OFFERED 58
12.2.4 SWOT ANALYSIS 59
12.2.5 KEY DEVELOPMENTS 59
12.2.6 KEY STRATEGIES 60
12.2.7 . DISTRIBUTOR NETWORK 60
12.3 GENERAL ELECTRIC 62
12.3.1 COMPANY OVERVIEW 62
12.3.2 FINANCIAL OVERVIEW 62
12.3.3 PRODUCTS/SERVICES OFFERED 63
12.3.4 SWOT ANALYSIS 64
12.3.5 KEY DEVELOPMENTS 64
12.3.6 KEY STRATEGIES 64
12.4 EATON CORPORATION 65
12.4.1 COMPANY OVERVIEW 65
12.4.2 FINANCIAL OVERVIEW 65
12.4.3 PRODUCTS OFFERED 66
12.4.4 KEY DEVELOPMENTS 66
12.4.5 SWOT ANALYSIS 67
12.4.6 DISTRIBUTOR NETWORK 67
12.5 YASKAWA ELECTRIC CORPORATION (YASKAWA SOLECTRIA SOLAR) 68
12.5.1 COMPANY OVERVIEW 68
12.5.2 FINANCIAL OVERVIEW 68
12.5.3 PRODUCTS/SERVICES OFFERED 69
12.5.4 KEY DEVELOPMENTS 69
12.5.5 SWOT ANALYSIS 70
12.5.6 DISTRIBUTOR NETWORK 70
12.6 SMA SOLAR TECHNOLOGY 72
12.6.1 COMPANY OVERVIEW 72
12.6.2 FINANCIAL OVERVIEW 72
12.6.3 PRODUCTS/SERVICES OFFERED 73
12.6.4 SWOT ANALYSIS 73
12.6.5 DISTRIBUTOR NETWORK 74
12.7 FIMER GROUP 75
12.7.1 COMPANY OVERVIEW 75
12.7.2 PRODUCTS/SERVICES OFFERED 75
12.7.3 SWOT ANALYSIS 76
12.7.4 KEY DEVELOPMENTS 76
12.7.5 DISTRIBUTOR NETWORK 77
12.8 FRONIUS INTERNATIONAL 78
12.8.1 COMPANY OVERVIEW 78
12.8.2 PRODUCTS/SERVICES OFFERED 78
12.8.3 KEY DEVELOPMENTS 80
12.8.4 SWOT ANALYSIS 81
12.8.5 DISTRIBUTOR NETWORK 82
12.9 GENERAC POWER SYSTEMS, INC. 83
12.9.1 COMPANY OVERVIEW 83
12.9.2 FINANCIAL OVERVIEW 83
12.9.3 PRODUCTS/SERVICES OFFERED 84
12.9.4 KEY DEVELOPMENTS 84
12.9.5 SWOT ANALYSIS 85
12.9.6 DISTRIBUTOR NETWORK 85
12.10 POWER ELECTRONICS S.L. 87
12.10.1 COMPANY OVERVIEW 87
12.10.2 PRODUCTS OFFERED 87
12.10.3 SWOT ANALYSIS 88
12.10.4 KEY DEVELOPMENTS 88
 

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Market Overview

Automation and control involve the use of control systems and logical programming commands to handle machines and industrial processes, therefore, minimizing human interference. It also enables manufacturing facilities to increase product quality, quantity, and reliability while reducing the costs incurred in the production and designing of the product. Over the past few decades, the demand for automation by manufacturing facilities and similar industries has been anticipated to drive the growth of the Germany automation and control market.
The Germany automation and control market is estimated to reach USD 23,317.1 million by the end of 2030 at a compound annual growth rate (CAGR) of 7.4% during the forecast period 2022–2030. Automation and control utilize various devices such as control systems, robots, computers, technology sets, and programmable controllers to carry out industrial operations without human intervention. Automation is conducted at four levels—structure, automation control, supervision, and enterprise. At the structure level, sensors and actuators are used to obtain process variable values in a continuous or periodic manner. At the automation control level, devices such as PCs, programmable logic controllers (PLCs), and distributed control systems (DCS) provide industrial process control. The supervisory control and data acquisition (SCADA) or supervision level is when data is acquired from various control devices and displayed through human-machine interfaces (HMIs) which interact with field devices. At the enterprise level, various tasks such as scheduling, sales, ordering, and product planning are carried out. Automation and control allow enterprises to manufacture large volumes of quality products at a faster rate. Also, with the adoption of automation, companies can remain competitive in the manufacturing industry.

Market Segmentation

The market has been segmented based on product, and application. Based on product, the market has been bifurcated into the programmable logic controller (PLC), supervisory control & data acquisition (SCADA), distributed control system (DCS) and remote terminal unit (RTU), programmable automation controller (PAC), human-machine interface (HMI), and manufacturing execution system (MES). Among these, the distributed control system (DCS) and RTU segment dominated the Germany market in 2021 and is estimated to witness the highest CAGR of 6.2% during the forecast period. Based on application, the Germany market has been segmented into automotive and transportation, machine manufacturing, electrical & electronics, aerospace & defense, oil & gas, mining & metals, and others. Among these, the automotive and transportation segment dominated the Germany market in 2021 and is estimated to grow at a CAGR of 6.6%. However, the other segment is expected to witness the highest CAGR of 9.4% during the forecast period.

Major Players

ABB Ltd, Emerson Electric Co, Rockwell Automation, Honeywell International, and Siemens AG, General Electric, Mitsubishi Electric Corporation, KUKA AG, and Endress+Hauser Management AG.

COVID 19 Impacts

We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY 9
1.1 MARKET ATTRACTIVENESS ANALYSIS 9
2 MARKET INTRODUCTION 11
2.1 DEFINITION 11
2.2 SCOPE OF THE STUDY 11
2.3 RESEARCH OBJECTIVE 11
2.4 MARKET STRUCTURE 12
3 RESEARCH METHODOLOGY 13
4 MARKET DYNAMICS 19
4.1 MARKET DYNAMICS SNAPSHOT 19
4.2 DRIVERS 20
4.2.1 GOVERNMENT POLICIES SUPPORTING THE ADOPTION OF INDUSTRIAL AUTOMATION 20
4.2.2 INCREASING DEMAND FOR INDUSTRIAL AUTOMATION IN MANUFACTURING INDUSTRIES 20
4.2.3 ORGANIZATIONS FOCUSED ON WORKER SAFETY 20
4.2.4 DRIVER IMPACT ANALYSIS 21
4.3 RESTRAINT 22
4.3.1 HIGH IMPLEMENTATION COST 22
4.3.2 RESTRAINTS IMPACT ANALYSIS 22
4.4 OPPORTUNITIES 23
4.4.1 GROWTH IN INDUSTRIAL ROBOTICS 23
4.4.2 ADOPTION OF INDUSTRIAL 4.0 ACROSS VARIOUS INDUSTRIES 23
4.5 CHALLENGES 23
4.5.1 RAPIDLY CHANGING TECHNOLOGICAL TRENDS IN THE MANUFACTURING INDUSTRY 23
4.6 IMPACT ANALYSIS OF COVID-19 24
4.6.1 IMPACT ON SEMICONDUCTOR MANUFACTURERS 24
4.6.2 IMPACT ON COMPONENT MANUFACTURERS 24
4.6.3 IMPACT ON DEVICE MANUFACTURERS 24
4.6.4 IMPACT ON SUPPLY CHAIN DELAYS 24
5 MARKET FACTOR ANALYSIS 25
5.1 VALUE CHAIN ANALYSIS 25
5.2 PORTER’S FIVE FORCES MODEL 27
5.2.1 THREAT OF NEW ENTRANTS 28
5.2.2 BARGAINING POWER OF SUPPLIERS 28
5.2.3 BARGAINING POWER OF BUYERS 28
5.2.4 THREAT OF SUBSTITUTES 28
5.2.5 INTENSITY OF RIVALRY 28
6 GERMANY AUTOMATION AND CONTROL MARKET, BY PRODUCT 29
6.1 OVERVIEW 29
6.1.1 MARKET ESTIMATE & FORECAST, BY PRODUCT 2021 (% SHARE) 29
6.1.2 MARKET ESTIMATE & FORECAST, BY PRODUCT 2021 VS 2030 (USD MILLION) 30
6.2 PLC 31
6.3 SCADA 31
6.4 PAC 31
6.5 DCS AND RTU 31
6.6 MI 32
6.7 MES 32
7 GERMANY AUTOMATION AND CONTROL MARKET, BY APPLICATION 33
7.1 OVERVIEW 33
7.1.1 MARKET ESTIMATE & FORECAST, BY APPLICATION, 2021(% SHARE) 33
7.1.2 MARKET ESTIMATE & FORECAST, BY APPLICATION, 2021 VS 2030(USD MILLION) 34
7.2 OIL & GAS 35
7.3 MINING & METALS 35
7.4 AUTOMOTIVE & TRANSPORTATION 35
7.5 MACHINE MANUFACTURING 35
7.6 ELECTRICAL & ELECTRONICS 36
7.7 AEROSPACE & DEFENSE 36
7.8 OTHERS 36
8 COMPETITIVE LANDSCAPE 37
8.1 OVERVIEW 37
8.2 MARKET SHARE ANALYSIS, 2021 (%) 38
8.3 COMPETITIVE BENCHMARKING 39
8.4 KEY DEVELOPMENTS & GROWTH STRATEGIES 40
8.4.1 PRODUCT LAUNCHES/PRODUCT DEVELOPMENT/SERVICE DEPLOYMENTS 40
8.4.2 MERGERS & ACQUISITION / JOINT VENTURE 42
8.4.3 PARTNERSHIPS & COLLABORATIONS 42
8.4.4 BUSINESS/PRODUCT EXPANSION 44
8.4.5 INVESTMENT 45
 
9 COMPANY PROFILE 46
9.1 ENDRESS+HAUSER MANAGEMENT AG 46
9.1.1 COMPANY OVERVIEW 46
9.1.2 FINANCIAL OVERVIEW 47
9.1.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 47
9.1.4 KEY DEVELOPMENTS 50
9.1.5 SWOT ANALYSIS 51
9.1.6 KEY STRATEGIES 51
9.2 BOSCH REXROTH AG 52
9.2.1 COMPANY OVERVIEW 52
9.2.2 FINANCIAL OVERVIEW 53
9.2.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 54
9.2.4 KEY DEVELOPMENTS 54
9.2.5 SWOT ANALYSIS 55
9.2.6 KEY STRATEGIES 55
9.3 SIEMENS AG 56
9.3.1 COMPANY OVERVIEW 56
9.3.2 FINANCIAL OVERVIEW 57
9.3.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 57
9.3.4 KEY DEVELOPMENTS 58
9.3.5 SWOT ANALYSIS 59
9.3.6 KEY STRATEGIES 59
9.4 EMERSON ELECTRIC CO. 60
9.4.1 COMPANY OVERVIEW 60
9.4.2 FINANCIAL OVERVIEW 61
9.4.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 61
9.4.4 KEY DEVELOPMENTS 62
9.4.5 SWOT ANALYSIS 63
9.4.6 KEY STRATEGIES 63
9.5 ABB LIMITED 64
9.5.1 COMPANY OVERVIEW 64
9.5.2 FINANCIAL OVERVIEW 65
9.5.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 65
9.5.4 KEY DEVELOPMENTS 66
9.5.5 SWOT ANALYSIS 67
9.5.6 KEY STRATEGIES 67
 
9.6 MITSUBISHI ELECTRIC CORPORATION 68
9.6.1 COMPANY OVERVIEW 68
9.6.2 FINANCIAL OVERVIEW 69
9.6.3 PRODUCTS OFFERED 69
9.6.4 KEY DEVELOPMENTS 70
9.6.5 SWOT ANALYSIS 71
9.6.6 KEY STRATEGIES 71
9.7 KUKA AG 72
9.7.1 COMPANY OVERVIEW 72
9.7.2 FINANCIAL OVERVIEW 73
9.7.3 PRODUCTS OFFERED 73
9.7.4 KEY DEVELOPMENTS 74
9.7.5 SWOT ANALYSIS 75
9.7.6 KEY STRATEGIES 75
9.8 GENERAL ELECTRIC COMPANY 76
9.8.1 COMPANY OVERVIEW 76
9.8.2 FINANCIAL OVERVIEW 77
9.8.3 PRODUCTS OFFERED 78
9.8.4 KEY DEVELOPMENTS 78
9.8.5 SWOT ANALYSIS 79
9.8.6 KEY STRATEGIES 79
9.9 ROCKWELL AUTOMATION 80
9.9.1 COMPANY OVERVIEW 80
9.9.2 FINANCIAL OVERVIEW 81
9.9.3 PRODUCTS OFFERED 81
9.9.4 KEY DEVELOPMENTS 82
9.9.5 SWOT ANALYSIS 83
9.9.6 KEY STRATEGIES 83
9.10 HONEYWELL INTERNATIONAL, INC. 84
9.10.1 COMPANY OVERVIEW 84
9.10.2 FINANCIAL OVERVIEW 85
9.10.3 PRODUCTS OFFERED 86
9.10.4 KEY DEVELOPMENTS 86
9.10.5 SWOT ANALYSIS 86
9.10.6 KEY STRATEGIES 87
 

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The Europe CBD products market has witnessed substantial growth over the last few years and is projected to reach USD 880.56 million by the end of 2028, registering a CAGR of 9.74% during the forecast period, 2021–2028. Few significant reasons for the growth of the Europe CBD products market are growing incidences of chronic diseases and related health issues among consumers, followed by the gradual legalization of cannabinoid (CBD) across Europe. Moreover, megatrends and technological advancements in the production process and increasing R&D on cannabinoids have provided the market players an opportunity to flourish in the Europe CBD products market. However, adverse health effects associated with the consumption of cannabis are expected to hinder market growth in the next few years.
The Europe CBD products market is expected to record a CAGR of 9.74% during the forecast period. The rising prevalence of chronic diseases and related complications are the key factors driving the growth of the Europe CBD products market. The legalization of cannabinoid (CBD) in Europe is another factor contributing to the growth of the CBD products market. Moreover, megatrends and technological advancements and increasing R&D in cannabinoid Ayurveda are likely to create an opportunistic market for the players to grow and expand. However, adverse effects associated with cannabis among CBD products manufacturers create a challenging situation for the players in the Europe CBD products market.

Market Segmentation

Based on type, the Europe CBD products market has been segmented into CBD oil, CBD buds, and others. The CBD oil segment accounted for the largest market share of 81.17% in 2020.
Based on application, the Europe CBD products market has been segmented into cosmetics and medical purpose. The medical purpose segment accounted for a larger market share of 73.25% in 2020.

Regional Analysis

Europe CBD products market has been segmented, based on country, into UK, Germany, France, Spain, Italy, Switzerland, Austria, Poland, and the Rest of Europe.
Germany accounted for the largest market share of 25.07% in 2020, with a market value of USD 105.19 million; the market is expected to register a CAGR of 9.90%. The UK was the second-largest market in 2020, valued at USD 97.68 million; the market is projected to exhibit a CAGR of 9.49%. However, the market in Rest of Europe is expected to register the highest CAGR of 10.65% during the forecast period.

Major Players

The key players operating in the Europe CBD products market include CV Sciences, Inc. (US), Hempire Gardens (Spain), Essentia Pura d.o.o. (Slovenia), Cannactiva SCP (Spain), Ilesol Pharmaceuticals d.o.o. (Republic of Croatia), Hempifarm (Netherlands), Sequoia Cannabis Ltd. (Poland), Candropharm BV (Netherlands), Grünkraft AG (Switzerland) and Widora International Srl (Italy) and the market also comprises several local players.

COVID 19 Impacts

We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

The post Europe CBD Products Market Research Report Forecast to 2028 first appeared on CRI Report.

Market Overview

Aluminum flat-rolled products are typically manufactured by rolling thick aluminum between rolls that reduce thickness and lengthen it through hot and cold rolling processes. Plate, sheet, and foil are examples of flat-rolled aluminum products.

Because of their distinct characteristics, aluminum flat-rolled products are widely used in various industries, including transportation, packaging, building and construction, and electrical and electronics. Mexico’s aluminum flat-rolled products market was valued at USD 628.77 million in 2020 and is expected to register a CAGR of 4.95% to reach USD 890.43 million by the end of 2028.

Aluminum rolling is one of the prime methods of converting cast aluminum slabs from the smelters and wrought re-melts into a usable industrial form such as plates, sheets, strips, or foils. The flat-rolled products are produced by reducing a preheated aluminum slab via successive passes between paired, flat-surfaced steel rolls to attain the desired final thickness.

The lightweight, strength, and durability of aluminum make rolled aluminum one of the most versatile materials available for major industries such as packaging, transportation, and building and construction. Hot rolling and cold rolling are the methods used in the manufacturing of flat-rolled aluminum products.

The Mexico aluminum flat-rolled products market is expected to register a CAGR of 4.95% during the review period. The prominent factor driving the market’s growth is the growing demand for aluminum flat-rolled products in the automotive and packaging industry. Mexico is the seventh-largest automotive producer globally, and its production exceeded 3.1 million in 2020.

The established presence of major automotive producers and free-trade agreements with major countries will likely boost the Mexico aluminum flat-rolled products market. Aluminum is one of the major materials used in the automotive body owing to its lightweight and bio-degradable characteristics.

Mexico has also reported the growth in secondary aluminum production from the past few years, fueling the Mexico aluminum flat-rolled products market.

Market Overview

The Mexico aluminum flat-rolled products market has been segmented by product type and end-use industry. Based on product type, the market has been segmented into plates, sheets, standard GEQ, circles, foil stock, can stock, fin stock, and others.

Based on the end-use industry, the market has been segmented into building & construction, automotive & transportation, consumer goods, electrical & electronics, industrial, packaging, and others. Among these, the automotive & transportation segment accounted for the largest share of 40.18% in the Mexico aluminum flat-rolled products market and is anticipated to grow at a rate of 5.56% throughout the forecast period.

The key factor driving the growth of the Mexico aluminum flat-rolled products market is the growing demand from key end-users such as the automotive and packaging industry. The established presence of major automotive producers and free-trade agreements with major countries is likely to boost the Mexico aluminum flat-rolled products market.

The automotive industry exhibits a high consumption of aluminum due to its lightweight and bio-degradable characteristics. Further, growth in Mexico’s secondary aluminum production is fueling the Mexico aluminum flat-rolled products market.

Major Players

ALMEXA, Constellium SE, UACJ Corporation, NORSK Hydro ASA, Novelis, AMAG Austria Metall AG, Kaiser Aluminum, Granges, Olympic Steel, and FRACSA.

COVID 19 Impacts

We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries.

Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

The post Mexico Aluminium Flat-Rolled Products Market Research Forecast to 2028 first appeared on CRI Report.

The demand for returnable packaging solutions is growing significantly in the European market due to the surge in domestic & international trade volume and the growth of the logistics & e-commerce industry.

The Europe returnable packaging market is projected to grow at a 5.6% CAGR during the forecast period, 2021–2027. In 2020, the returnable packaging market was dominated by Germany with a 25.3% share, followed by UK with share of 24.1%. The Europe returnable packaging market has been segmented based on material, product type, end use, and country.

Based on material, the returnable packaging market has been segmented into plastic, metal, and wood. The plastic segment is expected to grow at the fastest rate during the forecast period. In 2020, the plastic segment held a share of 53.0% of the Europe returnable packaging market.

The Europe returnable packaging market is projected to register a significant CAGR during the assessment period. Rising demand for durable and reusable packaging from various end-use industries is driving the growth of the returnable packaging market. In addition, the fast-paced industrialization and the high optimization in pack size are some of the other factors contributing to the forecast period’s market growth.

However, the availability of cheap packaging non-returnable substitutes acts as a key challenge in the market. The key restraints faced by the players in this market are the fluctuating prices of raw materials and environmental concerns associated with plastic packaging. Nevertheless, the surging rise in international trade volume is likely to open new growth avenues for the players in this market.

Market Segmentation

Based on material, Europe returnable packaging market is segmented into plastic, metal, and wood. The increasing demand for sustainable packaging material is expected to create lucrative opportunities for the players operating in the returnable packaging market.
Based on product type, Europe returnable packaging market is segmented into pallets, crates, intermediate bulk containers (IBC), dunnage, drums & barrels, bottles, and others.
Based on end use, Europe returnable packaging market is segmented into automotive, food & beverage, pharmaceuticals & healthcare, consumer goods, and postal services.

Regional Analysis

Based on country, the report on Europe returnable packaging market has been segmented into Germany, UK, France, Spain, Italy, and Rest of Europe.

Germany is witnessing substantial growth in the market due to the increasing automotive & food & beverages industry. The gross capital investment of Germany in the automotive industry data was reported at USD 19,469.2 million in 2019, compared to USD 18,883.9 million for 2018.

Germany is Europe’s leading automotive market, accounting for around 25% of all passenger cars manufactured (3.5million) and approximately 20% of all new car registrations (2.9 million). Moreover, the rise in demand for convenience food and growing awareness of packaged food among consumers drive the growth of the returnable packaging market in the country.

Major Players

Schoeller Allibert, Euro Pool System, Loadhog, Schütz GmbH & Co. KGaA, Georg Utz Holding AG, and GWP Group Limited are some of the key players operating in the Europe market.

The post Europe Returnable Packaging Market Research Report Forecast to 2027 first appeared on CRI Report.

Market Overview
The North America temporary power market is projected to grow at a 7.43% CAGR during the forecast period, 2020–2026. Temporary power is an independent source of electric power, supporting various sectors with the power supply in blackouts and power outages. A temporary power supply is most used on construction sites. The benefits of temporary power in North America include preventing data loss and providing emergency power supply and surge protection, among others.

The demand for temporary power is growing significantly in the North American market, primarily due to the rise in construction activities and increasing demand for continuous power. The North America temporary power market is expected to grow significantly during the forecast period owing to rising construction activities and increasing demand for reliable and continuous power. Moreover, the decreasing cost of power generation is expected to create an opportunity for the players operating in the market. However, payment issues are expected to restrain growth during the forecast period.

Market Segmentation
The North American temporary power market has been segmented based on fuel type, generator rating, end user, and region. Based on fuel type, the North America temporary power market has been segmented into diesel, gas, and others. The diesel segment is expected to grow at the fastest rate during the forecast period. In 2019, the diesel segment held a share of 57.0% of the North America temporary power market.

Based on generator rating, the North America temporary power market has been segmented into less than 80 kW, 81–280 kW, and above 280 kW.

Based on end-use, the North America temporary power market has been segmented into events, utilities, construction, oil & gas, mining, manufacturing, and others. The utilities segment is expected to grow at the fastest rate during the forecast period.

Regional Analysis
The North America Temporary market is spread across the US, Canada, and Mexico.
The US is anticipated to lead the temporary power market with the largest market contribution of 68.1% in 2029. The second and third-largest markets are Canada and Mexico with the respective market shares of 21.2% and 10.7%, in 2019.

Major Players
The key venders of the North America Temporary market are Cummins, caterpillar, Agreco Plc, United Rentals Inc, and APR Energy Inc.

The post North America Temporary Power Market Forecast till 2026 first appeared on CRI Report.

Impact of Covid-19
The pandemic and prolonged global lockdown severely impacted India’s financial market and liquidity position. A struggling economy in India, coupled with the outbreak of COVID-19, has led to an apprehensions in which capital market investments have become a challenge for investors. While the Indian economy has been experiencing massive pressure of the COVID-19 pandemic, the trading volumes in the domestic capital market started to recover after the lockdown was lifted. It reached an all-time high in July 2020.

Market segment insights
In FY 2020, full-service brokers held the highest market share (~58%) of the overall broking industry based on NSE active clients. The shift of the trading platform from offline to online-offline mode increased the revenues generated by full-service brokers. However, in India, full-service brokers have been experiencing unstable growth as leading companies are losing considerable market share to discount brokers.

Key growth drivers of the market
• Technological innovations is a significant driver for the increasing participation of investors in equity markets. The pandemic resulted in a significant meltdown in the stock market. Improved financial awareness led to a 130% growth in Demat account openings. About 6.3 Mn accounts were opened in the first half of FY 2021. Post demonetization, fintech companies have played a significant role in the growth of the brokerage market, backed by increased smartphone users and high internet speed with low data costs. Retail investors use mobile-based trading as they primarily invest in convenient and user-friendly apps with secure platforms
• In India, brokerage houses offer global investment services that permit their customers to own blue-chip stocks in the US. Investors’ demand for portfolio diversification is one of the key drivers that encourage firms to provide these services. Broking firms entered into international partnerships, indicating a good demand for such services. In September 2020, Kuvera, an online platform for investments in India’s mutual funds, partnered with the US Securities and Exchange Commission’s listed investment adviser, Vested Finance. This partnership permits investors to purchase stocks from the US on its online platform.

Key deterrents to the growth of the market
Lack of financial knowledge is a significant reason behind the under-penetration of the brokerage market. Several Indians are not aware of shares, stocks, and mutual funds. They do not know how to invest in them to reap high returns compared to traditional investment tools. Most people are also ignorant of the basic financial concepts such as reward (return) to variability (risk) ratio, asset allocation, and diversification benefits.
Companies covered
• Angel Broking Limited
• Geojit Financial Services Limited
• ICICI Securities Limited
• IIFL Finance Limited
• Kotak Securities Limited
• Motilal Oswal Financial Services Limited
• Reliance Capital Limited
• SMC Global Securities Limited
• HDFC Securities Limited
• Sharekhan Limited

The post Financial Brokerage Market in India 2021 first appeared on CRI Report.

The post MSME Financing Market in India 2020 first appeared on CRI Report.

Market insights:
The healthcare market in India was valued at INR 14.32 Tn in 2019 and is expected to expand at a compound annual growth rate (CAGR) of ~34.04% during the 2020-2025 period, to reach INR 65.51 Tn by 2025. The growth of the market can be attributed to the surge in demand for home healthcare devices, digital healthcare solutions and pharmaceutical products. Rise in the prevalence of chronic diseases, growing investments from public and private investors, and the emergence of advanced technologies like telehealth and telemedicine solutions are some of the major factors propelling the growth of the Indian healthcare market. Relaxation of FDI and increased government expenditure are some of the key factors to drive the healthcare market during the 2016-2020 period. However, inadequate healthcare infrastructure in India and low penetration of health insurance are impeding market growth.

Segment Insights:
The healthcare market in India is segmented into outpatient care centers, hospitals, pharmaceuticals, medical equipment and supplies, diagnostic services, digital healthcare, research and development, medical insurance and medical tourism. As of 2019, the healthcare market was dominated by the hospitals segment, which accounted for about 38.50% of the total market revenue. By 2025, the market share of the hospitals segment is expected to decline by ~10.55% to hold around 27.95% of the overall healthcare market revenue. During the 2020-2025 period, the digital healthcare segment is anticipated to become the fastest growing segment in the market as a result of the self-isolation norms imposed to restrain the spread of COVID-19 and the cost-benefit obtained from using digital healthcare solutions. Other segments of the market which are expected to witness high growth rate during the forecast period are the pharmaceuticals, and medical equipment and supplies segments.

COVID-19 impact analysis:
The outbreak of the contagion, followed by a long-term nationwide lockdown has had a severe impact on the overall healthcare market in India. The market segments that are likely to be positively impacted during the pandemic and the period thereafter are the digital healthcare segment, pharmaceuticals, medical equipment and supplies segment. The medical research and development (R&D) segment and the medical insurance segments are expected to experience a relatively short-term benefit during this crisis period. The medical R&D segment and the insurance segment are some of the least prioritized segments of the Indian healthcare industry and hence, the impact of COVID-19 on these segments are expected plunge with the diminishing effect of the pandemic. Other healthcare segments such as hospitals, medical tourism, and outpatient care centers are witnessing severe downfall in their markets due to the risk of virus transmission from social gatherings and the imposition of the social distancing norms.

Companies covered
• Apollo Hospitals Enterprise Limited
• Aster DM Healthcare Limited
• Cipla Limited
• Dr. Lal PathLabs Limited
• Fortis Healthcare Limited
• Healthcare Global Enterprises Limited
• Narayana Hrudayalaya Limited
• Sun Pharmaceuticals Industries Limited
• Columbia Asia Hospitals Private Limited
• Max Healthcare Private Limited

The post Healthcare Market in India 2020 first appeared on CRI Report.

The Indian financial services sector is a highly volatile sector, influenced by fiscal and monetary policies, government regulations, trade rules, tax changes, and technology changes. The insurance industry in India is regulated by the Insurance Regulatory and Development Authority of India (IRDAI), which is an autonomous body established in 1999.

Market segment insights
In India, currently there are 24 life insurance players, which comprise 1 public sector and 23 private sector players. The Indian life insurance market is exhibiting immense growth, next to banks for mobilized savings, and is a formidable part of the Indian capital market. In FY 2019, the life insurance sector accounted for approximately 2.68% to India’s gross domestic product (GDP).

LIC is the sole public sector life insurance company in India. However, private life insurance companies have been penetrating the market since 2000, mainly through unique customer services.

In terms of the number of new policies issued, shares of both LIC and private insurers have increased during the FY 2017-FY 2018 period. In FY 2018, LIC held a share of ~75.67% in terms of the number of new policies issued, the rest being acquired by private insurers. The demand for LIC policies is usually high, owing to the handsome maturity value offered by the company at the end of the policy terms.

Considering the amount of premium collected in FY 2018, LIC alone held a share of ~69.36%. However, the share of private insurers, in terms of premium collected, had increased during the FY 2017-FY 2018 period at a rate of ~19.17%, mainly due to innovative product mixes offered by the companies. In FY 2018, out of the top private insurers operating in India, ICICI Prudential had the highest market share (~5.9%), followed by SBI Life (~5.53%) and HDFC Standard (~5.14%).

Key growth drivers of the market
On the macroeconomic front, the Indian economy has been gaining momentum since FY 2018. Moreover, India’s young population with increased purchasing power and greater inclination towards security products is growing.

However, the penetration of life insurance in India is shallow, compared to the advanced and emerging economies of the world. In a way, life insurance companies are utilizing the opportunity of penetrating the Indian market, thereby taking advantage of its expanding economy and rising individual income level.

Key deterrents to the growth of the market
High lapse ratio, due to low persistency, is having a detrimental impact on the overall business of insurers. This is because lapsation of insurance policies result in a negative impact on customer retention, product performance, pricing factors, product image and workforce planning.

Companies covered
• Life Insurance Corporation of India
• HDFC Life Insurance Company Limited
• ICICI Prudential Life Insurance Company Limited
• SBI Life Insurance Company Limited
• Aditya Birla Sun Life Insurance Company Limited
• Bajaj Allianz Life Insurance Company Limited
• Max Life Insurance Company Limited
• PNB Metlife India Insurance Company Limited
• Reliance Nippon Life Insurance Company Limited
• Tata AIA Life Insurance Company Limited

Life Insurance Market in India 2020

The post Life Insurance Market in India 2019 first appeared on CRI Report.