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mack
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According to TechSci Research report, “Global Agricultural Microbials Market By Type (Straight v/s Complex), By Origin (Organic, Synthetic, Bio-fertilizer), By Form (Solid v/s Liquid), By Mode of Application (Foliar Spraying, Fertigation, Sowing, Broadcasting, Spraying, Drip Method, Others), By Crop Type (Grains & Cereals, Pulses & Oilseeds, Commercial Crops, Fruits & Vegetables, Other), By Region, Forecast & Opportunities, 2025â€, the global agricultural microbials market is expected to grow at a formidable rate during the forecast period on account of the growing need to maintain food safety and security to fulfil the needs of the growing global population. Additionally, increasing cases of pest attacks, locust attacks, among others have led to the widespread destruction of the crops. Furthermore, these days insects and pests have also developed resistance towards the pesticides used for their control. This in turn has increased the demand for agricultural microbials, which can be used to protect the crop, while maintaining the soil health & fertility without causing any harm to the environment. Besides, agricultural microbials help in preventing loss of nutrients such as nitrogen, phosphorous, potassium, sulphur and other micro and macro nutrients, thereby help to maintain soil fertility. Also, they are highly stable, ecofriendly and target specific. These factors are further expected to fuel the market growth through 2025. Furthermore, strict government policies and schemes pertaining to the use of chemical pesticides and fertilizers with governments imposing ban on few of them is further expected to create lucrative opportunities for the market growth over the next few years. However, lack of awareness pertaining to the use of agricultural microbials, especially in the emerging countries might hamper the market growth through 2025. Also, these agricultural microbials have short shelf life and need to be protected from various environmental conditions such as temperature, climatic changes, among others. This in turn might further hinder the market growth over the next few years. Also, availability of cheaper alternatives in the form of chemical fertilizers and pesticides might further restrict the market growth over the next few years. Moreover, regulatory barriers might also pose a challenge to the market growth during the forecast period.
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The global agricultural microbials market is segmented based on type, function, formulation, mode of application, crop type, company and region. Based on function, the market can be split into soil amendments and crop protection. Among these, the crop protection segment is expected to dominate the market during the forecast period since the use of microbes for crop protection provides target specificity along with ecological safety. These can be used in a standalone way or in combination with other pest control techniques, hence are being extensively used in agricultural practices. Based on formulation, the market can be split into dry and liquid. Here, the solid segment is expected to grow significantly since they are easily available, inexpensive and can are also easy to store. Based on crop type, the market can be fragmented into cereals & grains, oilseeds & pulses, fruits & vegetables and others. Out of these, the fruits & vegetables segment is expected to hold the largest market share on account of increasing health consciousness among the global population. This has drastically increased the demand and consumption of fruits & vegetables. Furthermore, rising disposable income and purchasing power of consumers globally is expected to drive the segmental growth.
BASF SE, Bayer (Monsanto) Crop Science (Joyn Bion), Corteva, Syngenta AG, Certis USA LLC, Marrone Bio Innovations, Isagro S.p.A, Verdesian Life Sciences LLC, Valent Biosciences LLC, Lallemand Plant Care, Agrilife Biosolutions Ltd., Novozymes A/S, Wilbur-Ellis Holdings Inc and others are some of the leading players operating in global agricultural microbials market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share. For instance, in January 2020, BASF SE, for its Agricultural Solutions business in Singapore, developed a multipurpose facility designed to handle six different formulation technologies and supply the company’s patented crop protection products to farmers across the fast-growing Asia-Pacific region.
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“North America is expected to dominate the global agricultural microbials market during the forecast period, owing to the increasing awareness among the farmers pertaining to the use of microbial solutions for crop protection and enhancing plant growth. Additionally, increasing adoption of modern farming techniques is further expected to fuel the market growth during the forecast period. Furthermore, increasing health consciousness among the population has increased the demand for organic food and is leading to the conversion of conventional agricultural lands into organic farms. This in turn is expected to create lucrative opportunities for the market growth. Also, the presence of major market players such as Bayer CropScience, BASF, Corteva, Novozymes, among others in the region is expected to fuel the market growth through 2025.†said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Agricultural Microbials Market By Type (Bacterial, Fungi, Virus, Protozoa), By Function (Soil Amendments v/s Crop Protection), By Formulation (Dry v/s Liquid), By Mode of Application (Foliar Spray, Soil Treatment, Seed Treatment, Others), By Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Others), By Region, Forecast & Opportunities, 2025â€, has evaluated the future growth potential of global agricultural microbials market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global agricultural microbials market.
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mack
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Increasing focus on the research and development activities and the efforts to make space tourism an affordable activity is expected to drive the global space tourism market in the forecast period.
According to TechSci Research report, “Global Space Tourism Market By Type (Suborbital and Orbital) By Product Type (High Altitude Jet Fighter Flights, Atmospheric Zero-Gravity Flights, Aircraft Replacement Flights and Others) By Destination (Mars, Earth Orbit, Venus, Moon, Ceres and Others) By Customer (Civilians, Enterprise and Others) By Service Provider (Government, Commercial Institutions and Others), By Region, Company Forecast & Opportunities, 2026â€, The global Space Tourism Market is expected to witness steady growth in the forecast period. Space tourism is human space travel that tends to provide tourists with the ability to become astronauts and experience space travel for recreational or business purposes. There are several kinds of space tourism including orbital tourism, suborbital tourism, and lunar tourism. Space tourism is considered expensive so now only the people with high expenditure capacity can afford it. Commercial space tourism operators are offering sub-orbital tourism to tourists as a means of delivering the experience of weightlessness to tourists who are willing to pay the premium fees. The ability to see the earth from outer space and to satisfy the curiosity of the consumer is influencing the demand for the space tourism market. The experience of traveling at high speed and having unusual experience is the driving factor for the growth of the space tourism market in the next five years.
The COVID-19 outbreak across the world which has been declared as a pandemic by World Health Organization has affected several countries adversely. Leading authorities around the globe imposed lockdown restrictions and released a set of precautionary measures to contain the spread of novel coronavirus. The non-essential activities were temporarily suspended, and the full focus and resources were devoted to curing the coronavirus. Import and export activities were restricted which disrupted the supply chain involved in the process of space tourism. Therefore, the COVID-19 adversely impacted the space tourism market. However, the market is expected to properly function again after the lifting of lockdown restrictions and is expected to pick up the pace eventually.
The presence of uncertainty in the regulatory framework and issuance of human space-flight regulations may restrain the growth of the global space tourism market in the forecast period.
Browse XX Figures spread through XX Pages and an in-depth TOC on "Global Space Tourism Marketâ€.
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Global space tourism market is segmented into type, product type, destination, customer, service provider, regional distribution, and company. Based on the service provider, the market can be divided into government, commercial institutions, and others. The commercial institutions segment is expected to witness growth in the forecast period, 2022-2026 as a large number of commercial intuitions are offering space tourism services and the rise in the number of start-ups offering the sub-orbital tourism facility to the consumers. Based on the customer, the market can be divided into civilians, enterprise, and others. The civilians segment is expected to dominate the space tourism market in the next five years. The increase in the expenditure capacity of the consumers and the huge number of individuals interested in space travel is expected to fuel the growth of this segment.
Blue Origin, Virgin Galactic, SpaceX, Space Adventures Inc., EADS Astrium, Armadillo Aerospace, Excalibur Almaz, Space Island Group, Boeing, Zero 2 Infinity, Starchaser Industries are the leading players operating in global space tourism market. Manufacturers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several space tourism manufacturers are coming up with their technologically advanced offerings.
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“Currently, the space tourism activities are based on the extensions of the current rocket launch and rocket plane development activities and to create opportunities in the future the market players have to invest in technologies for the development of safer ways to lift humans into the earth orbit and the space for tourism activities. Advanced methods including the use of tethers, advanced ion engine thrusters, solar electric propulsion, solar sail technology are expected to create lucrative opportunities for the space tourism market growth. Investments and efforts made by the market players to make space tourism a commercially profitable market is expected to propel market growth till 2026†said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Space Tourism Market By Type (Suborbital and Orbital) By Product Type (High Altitude Jet Fighter Flights, Atmospheric Zero-Gravity Flights, Aircraft Replacement Flights and Others) By Destination (Mars, Earth Orbit, Venus, Moon, Ceres and Others) By Customer (Civilians, Enterprise and Others) By Service Provider (Government, Commercial Institutions and Others), By Region, Company Forecast & Opportunities, 2026†has evaluated the future growth potential of global space tourism market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of global space tourism market.
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mack
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India electric car market was valued at USD10,107.18 million in FY2021 and it is projected to grow at a CAGR of 41.02% during the forecast period, to be valued at USD78,190.10 million by FY2027. Continuous advancements in technology to upgrade the existing infrastructure and new inventions in automotive industry are fueling the demand for electric car market. Government initiatives to push the improvement of electric charging infrastructure coupled with government’s approval for production linked incentive (PLI) scheme for manufacturing advanced chemistry cell (ACC) battery for an estimated budget of Rs.18,100 crore is expected to accelerate the growth of the market. To promote the Make in India initiative, the National Programme on Advanced Chemistry Cell is expected to attract high foreign and domestic investments. Increase in number of manufacturing hubs for electric cars and rising environmental concerns are aiding the growth in demand for electric cars. Burden of oil imports and rising prices of conventional sources of energy are aiding in changing the preference of consumers to adopt green energy fuels. High demand for automobiles due to rising population and depleting energy sources are creating lucrative opportunities for electric cars market growth. Owing to the production of battery by domestic manufacturers as well as import of batteries from global manufacturers, the demand for electric car market is expected to witness positive growth.
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India electric car market is segmented into vehicle type, drivetrain, battery capacity, regional distribution, and company. Based on vehicle type, the market is further segmented into hatchback, sedan and SUV & MPV. Among all, the hatchback segment is expected to witness the fastest growth due to growing affordability of consumers. Also, the presence of battery manufacturing companies is reducing the cost of batteries used in electric cars thereby lowering the cost to buy automobiles.
Backed by huge population, better employment opportunities and high standard of living, demand for electric cars is extremely high in the south region of the country and is the major contributor to the overall demand for electric cars in the country. Moreover, with the rising infrastructural developments and employment opportunities in the region, the demand for electric cars is further anticipated to grow. Furthermore, the region’s market is anticipated to grow over the forecast period as well, owing to the expanding developments in electric cars which would support the electric car market. South region accounted for over 36% volume share in FY2017, followed by North region.
The major players operating in the India electric car market are Tata Motors Limited, MG Motors India, Hyundai Motor Company, Mahindra Electric Mobility Limited, Toyota Kirloskar Motor (Toyota), Honda Cars India Limited (Honda Cars), Renault India Private Limited, Tesla Inc., and others. Major companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.
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mack
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Global electric power steering market is projected to grow at 5.55% CAGR in value terms to reach USD51.57 billion over the next five years. The major factors contributing to the growth of the market include increasing vehicle production and growing vehicle sales. Due to the growing global economy and increasing consumer spending, the vehicle sales across the world is growing and as a result the electric power steering market in the world is growing with it. Furthermore, automakers have been constantly working on technologies that can help the automotive manufacturers to reduce the overall weight of the vehicle while increasing the overall performance of the vehicle. The electric power steering is lighter in weight as compared to the hydraulic power steering unit, as a result, automakers are increasingly mounting up electric power steering in their manufactured vehicles and the trend is expected to continue in the forthcoming years. As electric power steering has less moving component as compared to the hydraulic power steering, the installation of electric power steering unit in vehicles reduces the overall complexity of the power steering, which in turn is positively influencing the electric power steering sales across the world.
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According to a press release, published by the Union of Concerned Scientist organization, “tailpipe emissions from cars, trucks and buses account for over one-fifth of the United States total global warming pollutionâ€. Being fuel efficient, electric power steering unit also reduces the overall green-house gas emissions of the vehicle, making electric power steering unit as environment friendly when compared to its alternate hydraulic power steering unit.
Global electric power steering market is segmented based on by type, by vehicle type, by mechanism, by company and by region. Based on steering type, the market is segmented into Column type-EPS, Pinion type-EPS and Rack type-EPS. While Column type Electric Power Steering is mostly installed in Medium & Heavy Commercial Vehicles, Pinion-type Electric Power Steering and Rack-type Electric Power Steering are majorly installed in the passenger cars and light commercial vehicles such as pickup trucks. The passenger cars and pickup trucks together hold over 90% of the sales of four wheelers sold in the world, as a result, Pinion-type Electric Power Steering and Rack-type Electric Power Steering are fairly dominating the Global Electric Power steering market. P-EPS and R-EPS are also anticipated to be the fastest growing segment due to the increasing rate of replacements of passenger vehicles.
The Global Electric Power Steering market is also driven due to the growing trend towards electrification of the automobiles across the globe, making automobiles eco-friendly. The increasing government concern for the environment and sustainable fuel-efficient technologies is positively impacting the growth of the electric power steering market across the globe. Since Electric power steering helps in reducing the overall weight and green-house gas emission of the vehicle, the number of electric power installations in automobiles by the automotive manufacturers have increased rapidly in the last decade and the trend is expected to grow more in the forecast years as well.
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