According to a report by TechSci Research, the global Driver Monitoring System Market is expected to grow at a CAGR of over 13.5% from 2019 to 2026. This growth is primarily driven by increased awareness and expectations about safe driving, leading to the installation of advanced driver monitoring systems. Technological advancements such as steering angle sensors, blink monitoring, facial recognition, heart rate monitoring, and pre-collision systems have also contributed to market growth. Governments worldwide are implementing strict rules and regulations related to road safety, which is expected to further boost market growth. Additionally, the expanding fleet of commercial vehicles is driving demand for driver monitoring systems capable of tracking driver drowsiness.

The North American market accounts for almost half of the global market, with increasing research and development activities and the rising need for driver monitoring systems to prevent road accidents and injuries being key drivers of growth. The sales of autonomous vehicles in the region are also contributing to market growth as driver monitoring systems are crucial to the functioning of autonomous vehicles.

Key players such as Continental AG, DENSO Corporation, Delphi Automotive PLC, Valeo S.A., and Robert Bosch GmbH are continuously developing affordable and advanced products to increase their customer base. Start-ups are also enhancing their product portfolios and investing in research and development activities. Driver monitoring system manufacturers are investing heavily to expand the availability of their products globally.

“With growing concerns regarding road accidents, driver monitoring systems are emerging as a promising product to help reduce road accidents related injuries and fatalities. Driver monitoring systems observe driver’s driving habits and monitor hand and head movements to identify the driver’s fatigue level and drowsiness level. With continuous technological advancements, driver monitoring system quality and reliability is anticipated to increase and become much better during the forecast period, thereby making it a preferred feature in automobiles in coming years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Driver Monitoring System Market By Vehicle Type, By Monitoring Type, By Offering Type, By Component, By Region, Competition, Forecast & Opportunities, 2017 - 2026” has analyzed the potential of driver monitoring system market, globally, and provides statistics and information on market size, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyses emerging trends along with essential drivers and key challenges faced by driver monitoring system market across the globe.

Recent Developments

Magneti Marelli signed an agreement in August 2018 to acquire SmartMeUp, a French company focused on developing perception software for autonomous driving and driver monitoring systems. This strategic move is expected to enhance the product offering of Magneti Marelli.

In January 2020, Tata Elxsi and AEye introduced an integrated robotaxi system. The system combines Tata Elxsi's autonomous stack with AEye's iDAR platform, which is the first fully software-definable smart sensor. iDAR aids dynamic ROI and cueing of sensors, resulting in improved detection and classification reliability, as well as extending the range at which objects can be detected, classified, and tracked. This enhances safe and reliable vehicle autonomy, and AEye announced the successful completion of RoboTaxi, Tata Elxsi's in-house model demonstrator vehicle built using this platform.

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About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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The automotive powertrain market will grow at a CAGR of over 7% during 2024-2028, reaching a projected value of USD 662 Billion by 2028. The key factors driving this growth globally include stringent emission norms, increasing demand for automated transmission, and the trend of downsizing engines.

The automotive powertrain market is segmented based on vehicle, drive, type, and region. The passenger cars segment is anticipated to hold the dominant share until 2028, followed by light commercial vehicles and heavy commercial vehicles due to increasing demand for comfort, safety, and better acceleration in vehicles.

Gasoline engines dominated the market in 2022 and are projected to continue growing through 2028 due to increasing differences in diesel and gasoline prices and rising demand for gasoline-based engines.

In terms of value, the Asia Pacific region holds the largest market share in the automotive powertrain market due to increasing population, growing purchasing power, and rising vehicle production and sales.

Aisin Seiki Co. Ltd., General Motors Company, Borgwarner Inc., Ford Motor Company, Jtekt Corporation, Hyundai Motor Company, Toyota Motor Corporation, GKN PLC, and ZF Friedrichshafen AG are some of the leading players in the global automotive powertrain market.

Objective of the Study:

• To analyse and forecast the market size of Automotive Powertrain Market, in terms of value and volume
• To classify and forecast Global Automotive Powertrain Market based on vehicle type, drive type, type and regional distribution.
• To identify drivers and challenges for Global Automotive Powertrain Market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global Automotive Powertrain Market.
• To conduct the pricing analysis for Automotive Powertrain Market.
• To identify and analyse the profile of leading players involved in the manufacturing of Global Automotive Powertrain Market.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the suppliers which could not be identified due to the limitations of secondary research. TechSci Research analysed the service offerings, distribution channels and presence of all major collaboration manufacturer across the globe.

TechSci Research calculated the market size of Global Automotive Powertrain Market using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.

Key Target Audience:

• Manufacturers of Automotive Powertrain
• Automotive OEMs
• Raw material suppliers
• Traders, Distributors, and Suppliers
• Industry associations and experts
• Research organizations and consulting companies.
• Research Institutes
• Industry associations
• Market research and consulting firm.

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration manufacturer and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

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According to the TechSci Research report, the Dubai LPG market is expected to experience significant growth in the forecast period of 2022-2027. The government's initiatives to promote cleaner energy usage have contributed to this growth. LPG has become a preferred fuel for heating and cooking purposes in both the commercial and residential sectors, as it is accessible, non-toxic, clean, convenient, portable, and cost-effective compared to other fuels.

The increase in marine trade is being driven by the construction of petrochemical projects, such as the propane dehydrogenation project (PDH) and steam crackers, as well as new assembly plants. Moreover, several LPG-producing facilities in the UAE are expected to initiate new projects for gas exploration and production, leading to increased gas exports and new business opportunities.

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For instance, in November 2015, Sheikh Mohammed launched the Dubai Clean Energy Strategy, with the goal of producing 75% of Dubai's energy requirements from clean sources by 2050. This strategy aims to make Dubai a global clean energy center and a green economy. Additionally, the United Arab Emirates introduced the "Energy Policy 2050" in 2017, which intends to save AED 700 billion by 2050 and boost the share of renewable energy in the whole energy mix from 25% to 50%. It also aims to reduce the carbon footprint of power generation by 70% and improve corporate and individual consumption efficiency by 40%.

The LPG market is constrained by the product's high flammability, which requires large spherical or cylindrical pressure tanks for storage. The market is also impacted by the fluctuating price of crude oil feedstock, hindering market expansion.

The Dubai LPG market is segmented based on application, source, and cylinder capacity. The residential segment dominates the market with a market share of 47.02%, owing to public services and subsidies that promote LPG as a feasible substitute for conventional fuels such as coal and wood. LPG is also replacing chlorofluorocarbon and hydrofluorocarbon as a refrigerant, leading to more opportunities for application in the residential and commercial sectors, particularly in the fields of heating and ventilation, in addition to cooking.

Based on source, the non-associated gas segment leads the market with a share of 46.59% during the forecast period. Based on cylinder capacity, the 19-29.5kg segment leads the market with a market share of 32.42%, mainly used in the residential and commercial sectors.

Key market players in the Dubai LPG Market: -

• Emirates Gas LLC (Emirates National Oil Company),
• Emirates General Petroleum Corporation (EMARAT),
• ADNOC Distribution, Brothers Gas,
• Dubai Oil & Gas Company LLC,
• United Gas Company LLC,
• AD LPG,
• LOOTAH BC
• Dubai Fuel Supply
• Smart Gas

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" Adoption of green energy and rising awareness of less carbon emission in Dubai are the factors influencing the government to utilize the benefits and facility of liquefied petroleum gas due to which now several projects are going on in the market, owing to which the market is expected to grow during the forecast period." said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

Dubai LPG Market By Application (Residential, Agriculture, Transportation, Commercial), By Source (Refinery, Associated Gas, Non-Associated Gas), By Cylinder Capacity (5kg, 11-12.6kg, 13-14.2kg, 15-16.5kg, 19-29.5kg, More Than 29.5Kg), By Region, Competition Forecast & Opportunities, 2017-2027 has evaluated the future growth potential of Dubai LPG 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 the Dubai LPG Market.

About TechSci Research:

TechSci Research is a research-based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. TechSci Research’s core values are value, integrity and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a result, TechSci’s client leads rather than follow market trends. Not bound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and an increased use of technology as engines of innovation to deliver unique research value. Provided as an alternative to traditional market research, TechSci Research reports do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.

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TechSci Research has published a report titled “Global Drill Pipe Market By Grade, By Application, By Region, Competition, Forecast & Opportunities, 2016-2026”, stating that the global drill pipe market was valued at over USD 1236 million in 2019 and is projected to grow at a CAGR of around 4% by 2026. The growth of the drill pipe market can be attributed to the increasing oil and gas exploration activities across the world, which requires real-time data from the wellbore. Furthermore, the growth of the global drill pipe market is bolstered by advancements in drilling techniques. The global drill pipe market is categorized into two grades: API grade and premium grade.

The API grade category accounted for the majority of the global drill pipes market in 2018 and is expected to remain the largest category throughout the forecast period due to its lower cost compared to premium grade drill pipes. However, the premium grade drill pipes are anticipated to grow at a faster rate than the API grade drill pipes due to the increasing demand for deep-water drilling activities, as premium grade drill pipes are suitable for unfavorable drilling conditions. The global drill pipe market is also categorized by region, including North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. North America accounted for the majority of the global market for drill pipes in 2018 and is expected to maintain its position during the forecast period due to the growing shale gas exploration and production in the United States, which favors the drill pipe market in the region.

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“The global drill pipe market is witnessing growth on account of advancements in drilling technologies such as horizontal drilling and pad drilling, which have amplified the drilling efficiency and lessened the drilling rig downtime, thereby enabling faster drilling operations. This in return will translate into the increased drilling equipment demand, which includes drill pipe.” said, Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Drill Pipe Market By Grade, By Application, By Region, Competition, Forecast & Opportunities, 2016-2026” has evaluated the future growth potential of the global drill pipe market and provides statistics and 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 drill pipe market.

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About TechSci Research:

TechSci Research is a research-based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. TechSci Research’s core values are value, integrity and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a result, TechSci’s client leads rather than follow market trends. Not bound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and an increased use of technology as engines of innovation to deliver unique research value. Provided as an alternative to traditional market research, TechSci Research reports do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.

Contact

Mr. Ken Mathews

708 Third Avenue,

Manhattan, NY,

New York – 10017

Tel: +1-646-360-1656

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TechSci Research's report titled "Global Underwater Monitoring for Oil & Gas Market By Product, By Communication Method, By Subsea Sensor, By Monitoring System, By Region, Competition, Forecast & Opportunities, 2026" forecasts that the global market for underwater monitoring for oil and gas will exceed $1.8 billion by 2026 due to the growing need to monitor the complexities of deep-sea operations. The report further predicts that the rising number of accidents at offshore oil rigs and drilling facilities will contribute to the growth of the global underwater monitoring system for oil & gas over the next few years. The use of underwater robotics and unmanned submarines are also anticipated to aid the global market's growth. The complex structure and design of subsea pipelines and maintenance processes are additional factors that are expected to boost market growth until 2026.

The global underwater monitoring for oil & gas market is segmented based on Product, Communication Method, Subsea Sensor, Monitoring System, and Region. Among the Communication Methods, the FDMA communication method is expected to hold the largest market share during the forecast period, as it allocates dedicated frequencies to different stations and is easy to implement with respect to hardware resources.

Leading players in the global underwater monitoring for oil & gas market include KCF Technologies, BMT Group, Schlumberger-OneSubsea, Bowtech Products, Kongsberg Maritime, SONARDYNE, Mitcham Industries, Fugro, Force Technology, and Pulse Structural Monitoring. "The underwater monitoring for oil & gas market is expanding to various regions across the globe, and Asia-Pacific is expected to remain the largest market during the forecast period. The growth in the region can be mainly attributed to the major exploration and production operations undertaken by the world's major oil and gas companies, particularly in Myanmar and China, which is anticipated to fuel demand for underwater monitoring equipment-based applications in the coming years," said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Global Underwater Monitoring for Oil & Gas Market By Product, By Communication Method, By Subsea Sensor, By Monitoring System, By Region, Competition, Forecast & Opportunities, 2026” has evaluated the future growth potential of global underwater monitoring for oil & gas 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 underwater monitoring for oil & gas market.

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Global automotive rain sensor market is anticipated to witness significant growth during the forecast period owing to the increasing demand for comfort features and driver’ safety in automobiles. Further, increasing adoption of advanced electrical systems in order to increase the efficiency of automobiles is propelling the growth of global automotive rain sensor market until 2028. 

Additionally, increasing technological advancement in automobile sector with manufacturers focusing on research and development activities is expected to drive the market growth by 2028. Automotive rain sensor automatically switches on wipers of an automobile by sensing water splash on windshield during rainfall. Thus, it ensures driver’s safety and comfort as the driver does not require to adjust or switch on the wipers while driving a vehicle.

The global automotive sensor market is segmented based on operation method, vehicle type, sales channel and region. Based on operation type, the market is categorized into automatic operation and manual operation. The automatic operation is undergoing fastest growth and is expected to dominate the market by 2028 as it ensures more safety to the driver. The manufacturers are continuously replacing manual rain sensors with automatic one, which is also contributing to the increasing share of the market. 

Based on vehicle type, the global automotive rain sensor market is categorized into passenger car, light commercial vehicles, and heavy commercial vehicles. The passenger car segment holds dominance, and the trend is likely to continue during the forecast period owing to the increasing demand and manufacturing of passenger vehicles around the globe. However, the light commercial vehicle is also undergoing significant growth owing to the increasing safety concern of the driver.

Some of the major key players operating in automotive rain sensor are Hella KGaA Hueck & Co., Denso Corporation, Pacific Industrial Co. Ltd, Robert Bosch GmbH, Valeo S.A., TRW Automotive, Mitsubishi Motors Corporation, Vishay Intertechnology, Hamamatsu Photonics K.K. and The Kostal Group, among others. Leading companies are undergoing growth strategies like merger and acquisition to increase their global reach. They are also investing in research and development activities to introduce more advanced technologies in automobile sector. 

Objective of the Study:

• To analyze and forecast the market size of automotive rain sensor in terms of value and volume.
• To classify and forecast global automotive rain sensor based on operation method, vehicle type, sales channel and regional distribution.
• To identify drivers and challenges for global automotive rain sensor market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global automotive rain sensor market.
• To conduct the pricing analysis for automotive rain sensor market.
• To identify and analyze the profile of leading players involved in the manufacturing of global automotive rain sensor market.

To perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of automotive rain sensor companies operating globally. Subsequently, TechSci Research conducted primary research surveys, which include primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, TechSci Research could include manufacturers and distributors/dealers which could not be identified due to the limitations of secondary research. TechSci Research analysed product offerings and regional presence of all major automotive rain sensor supplier across the globe.

TechSci Research calculated the market size for global automotive rain sensor using a bottom-up technique, wherein manufacturers’ volume sales data for different applications, were recorded as well as forecast for the future years. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analysing historical sales data of respective manufacturers to arrive at the overall market size. Multiple secondary sources such as directories, Company Websites, company annual reports, white papers, investor presentations and financial reports were also used by TechSci Research.

Key Target Audience:

• Automotive OEMs
• Automotive rain sensor manufacturers
• Distributors of automotive rain sensors
• Research Institutes
• Associations, organizations, forums and alliances related to automotive rain sensor.
• Industry associations
• Market research and consulting firm.

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as automotive rain sensor manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.

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During the forecast period, the hydrogen fuel cell vehicle market will experience impressive growth. Increasing air pollution and climate change have led to growing environmental concerns, driving the global hydrogen fuel cell vehicle market. These vehicles have the advantage of not producing greenhouse gases, making them an effective solution for reducing emissions. As a result, the market is expected to grow positively until 2028. Additionally, hydrogen fuel cell vehicles are low-maintenance, quiet, and do not create noise. Furthermore, the market is expected to receive a boost from supportive government policies, schemes, and grants aimed at promoting cleaner technologies. However, the high initial investment required to develop the hydrogen fuel cell vehicle infrastructure may hinder market growth over the next few years. Additionally, limited awareness of these vehicles and a smaller number of manufacturers in the market could also constrain growth.

The market for hydrogen fuel cell vehicles is divided into various segments, including vehicle type, power output, company, and region. Passenger cars and commercial vehicles are the two categories of vehicles in the market, with passenger cars expected to dominate during the forecast period due to their ease of parking, improved gas mileage, and affordability.

The hydrogen fuel cell vehicle market is divided into various regions, including Asia-Pacific, North America, South America, Europe, and the Middle East & Africa. North America is expected to lead the hydrogen fuel cell vehicle market due to increasing awareness among the population towards environmental protection and sustainability. Additionally, supportive government policies and schemes further promote market growth in the region.

Honda Motor Company, Ltd., Toyota Motor Corporation, Hyundai Motor Company, Daimler, Audi, BMW, Volvo, Ballard Power Systems, General Motors, Kia Motor Corporation, MAN, Groupe Renault, Tata Motors Limited, Hydrogenics, Mazda Motor Corporation, and other companies are the major players in the hydrogen fuel cell vehicle market. 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.

Objective of the Study:

• To analyze and estimate the market size of global hydrogen fuel cell vehicle market from 2018 to 2021.
• To estimate and forecast the market size of global hydrogen fuel cell vehicle market from 2022 to 2028 and growth rate until 2028.
• To classify and forecast global hydrogen fuel cell vehicle market based on vehicle type, power output, company, and regional distribution.
• To identify dominant region or segment in the global hydrogen fuel cell vehicle market.
• To identify drivers and challenges for global hydrogen fuel cell vehicle market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global hydrogen fuel cell vehicle market.
• To identify and analyze the profile of leading players operating in global hydrogen fuel cell vehicle market.
• To identify key sustainable strategies adopted by market players in global hydrogen fuel cell vehicle market.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.

TechSci Research calculated the market size of global hydrogen fuel cell vehicle market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

• Hydrogen fuel cell vehicle manufacturers/ suppliers/ distributors
• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to hydrogen fuel cell vehicle

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

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During the forecast period, the global solenoid valve market is expected to grow steadily. The market growth is driven by the increasing concerns related to water pollution and the need to eliminate organic pollutants from contaminated water, resulting in higher demand for wastewater treatment. Solenoid valves are extensively used in water treatment plants for various functions, thus driving the market growth until 2027. Moreover, solenoid valves offer advantages such as affordability, reliability, compact size, and safe & fast switching options, which are expected to further fuel the market growth in the upcoming years. However, power failure and voltage fluctuation issues could hinder market growth during the forecast period.

The global solenoid valve market is segmented by body material, design type, operating type, end-user industry, company, and region. The market can be categorized based on body material, including stainless steel, brass, aluminum, plastic, and others. Brass body material is expected to dominate the market due to its thermal conductivity and non-corrosive applications. The market can also be grouped based on end-user industry, including oil & gas, water & wastewater, food & beverage, chemical & petrochemical, power generation, automotive, pharmaceuticals, and others. The oil & gas industry is expected to dominate the market due to the extensive use of solenoid valves in the extraction process.

Regionally, the solenoid valve market is segmented into Asia-Pacific, North America, South America, Europe, and the Middle East & Africa. North America is expected to dominate the market share in the overall solenoid valve market owing to the extensive use of solenoid valves for oil & gas extraction and wastewater treatment.

ASCO Valve, Inc., Christian Bürkert GmbH & Co. KG, Curtiss-Wright Corporation, Danfoss Industries Ltd., GSR Ventiltechnik GmbH & Co. KG, Emerson Electric Company, Eaton Corporation, IMI Precision Engineering, Parker Hannifin Corporation, Omega Engineering, and others are some of the major players operating in the solenoid valve market. Major companies are developing advanced technologies and launching new products to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.

Objective of the Study:

• To analyze and estimate the market size of global solenoid valve market from 2017 to 2020.
• To estimate and forecast the market size of global solenoid valve market from 2021 to 2027 and growth rate until 2027.
• To classify and forecast global solenoid valve market based on body material, design type, operating type, end user industry, company and regional distribution.
• To identify dominant region or segment in the global solenoid valve market.
• To identify drivers and challenges for global solenoid valve market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global solenoid valve market.
• To identify and analyze the profile of leading players operating in global solenoid valve market.
• To identify key sustainable strategies adopted by market players in global solenoid valve market.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.

TechSci Research calculated the market size of global solenoid valve market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

• Solenoid valve manufacturers/ suppliers/ distributors
• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to solenoid valve

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

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TechSci Research's report "Automotive Solenoid Market - Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028" predicts significant growth in the global automotive solenoid market for the next five years. The primary driver for this growth is the increasing use of automotive solenoids in the automatic transmission of cars. When a gear shift occurs, the solenoid directs transmission fluid to activate the correct gear. Additionally, solenoids are used as starter solenoids and receive small and large currents from the ignition relay and automobile battery, respectively. The demand for autonomous vehicles, which require autonomous self-regulating proportional solenoids for proportional feedback control, is contributing to the growth of the market. However, the initial high investment and capital requirements for product maintenance may impede market growth. Rising disposable income, increasing government initiatives to promote autonomous vehicles, and the demand for fuel-efficient vehicles are driving the global market for automotive solenoids. Automotive solenoids offer advantages such as fast response time, low power consumption, and high compatibility with extreme temperatures.

However, initial high investment and huge capital requirements for product maintenance may create hindrance in the global automotive solenoid market growth.

The global automotive solenoid market will be segmented by vehicle type, equipment type, type, material, propulsion, region, and company. The market will be further divided into different applications such as engine control & cooling system, fuel & emission control, body controls & interiors, HVAC system, safety & security, among others. Solenoid applications in automotive passenger vehicle and commercial vehicles will lead to body controls & interiors holding major market share for the forecast period. The market will be majorly fragmented into fluid control, gas control, and motion control based on function, with the motion control segment predicted to dominate the global automotive solenoid market. The increasing prevalence of body control applications in vehicles will aid in this growth. The market will be categorized into passenger car, light commercial vehicle, and medium and heavy commercial vehicle based on vehicle type, with passenger cars anticipated to hold the lion's share for the upcoming five years due to the increased demand by consumers for convenience and easy commuting to long distances. Based on valve design, the market will be divided into 2-way solenoid valve, 3-way solenoid valve, 4-way solenoid valve, and 5-way solenoid valves. The 3-way solenoid valve segment is expected to grow for the forecast period as it finds diverse application in autonomous vehicles.

Robert Bosch GmbH, Schaeffler AG, Continental AG, Delphi Automotive PLC, Denso Corporation, Wabco Holdings Inc, Mitsubishi Electric Corporation, Hitachi, Ltd., Nidec Corporation, Johnson Electric Group are the leading players operating in global automotive solenoid 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 automotive solenoid manufacturers are coming up with their technologically advanced offerings.

“Rising demand for electric vehicles due to consumer preference shift towards green energy fuels is surging the demand for electric vehicles. Electric vehicles contribute minimal greenhouse emissions into the environment and have lower operational and maintenance costs than the conventional energy vehicles. Government provides subsidies for purchasing electric vehicles which is further fueling the demand for electric vehicles at the global level. Electric vehicles employ automotive solenoid and growing demand for electric vehicles is propeling the global automotive solenoid market until 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Automotive Solenoid Market – Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028, Segmented By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium and Heavy Commercial Vehicle), By Valve Design (2-Way Solenoid Valve, 3-Way Solenoid Valve, 4-Way Solenoid Valve, 5-Way Solenoid Valves), By Application (Engine Control & Cooling System, Fuel & Emission Control, Body Controls & Interiors, HVAC System, Safety & Security, Others), By Function (Fluid Control, Gas Control, Motion Control), By Propulsion (ICE, BEV, PHEV, FCEV) By Region” has evaluated the future growth potential of global automotive solenoid 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 automotive solenoid market.

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The  global vehicle anti-theft market is anticipated to grow steadily at a CAGR during the forecast period of 2024-2028, driven by the increasing adoption of biometric technologies, technological advancements, and stringent safety regulations. The rise in theft and safety awareness among consumers is encouraging automobile manufacturers to produce vehicles with the best theft and safety systems, thereby fueling the growth of the global vehicle anti-theft system market through 2028.

The market has been segmented based on product into Alarm, Passive Keyless Entry, Immobilizer, Steering Lock, Biometric Capture Device, and Central Locking System. In terms of value, the immobilizer segment dominated the market in 2028. The APAC region dominated the market in 2022 and is expected to continue its dominance during 2024-2028 due to the increasing use of biometric technology and the growing demand for multifactor authentication.

Major players operating in the global vehicle anti-theft market include Mitsubishi Electric Corporation, TRW Automotive Holding Corp., Aptiv PLC, Hella KGaA Hueck & Co., Alps Electric Co., Ltd., Continental AG, Robert Bosch GmbH, Voxx International Corp, Tokai Rika Co., Ltd., and Johnson Electric Holdings Limited. These companies are developing advanced technologies and launching new products to remain competitive in the market. Other competitive strategies include mergers and acquisitions and new product developments.

Objective of the Study:

• To analyse and forecast the market size of Vehicle Anti-Theft System Market, in terms of value and volume.
• To classify and forecast Global Vehicle Anti-Theft System Market based on vehicle type, product, technology and regional distribution.
• To identify drivers and challenges for Global Vehicle Anti-Theft System Market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global Vehicle Anti-Theft System Market.
• To conduct the pricing analysis for Vehicle Anti-Theft System Market.
• To identify and analyse the profile of leading players involved in the manufacturing of Global Vehicle Anti-Theft System Market.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the suppliers which could not be identified due to the limitations of secondary research. TechSci Research analysed the service offerings, distribution channels and presence of all major collaboration manufacturers across the globe.

TechSci Research calculated the market size of Global Vehicle Anti-Theft System Market using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.

Key Target Audience:

• Vehicle Anti-Theft System manufacturers
• Automotive OEM’s
• Traders, Distributors, and Suppliers
• Industry associations and experts
• Research organizations and consulting companies.
• Research Institutes
• Industry associations
• Market research and consulting firm.

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration service providers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

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TechSci Research report states that the Saudi Arabia Facility Management Market is expected to experience a CAGR of 6.97% during the forecast period, from 2017 to 2027, with an estimated market value of USD 31.48 Billion by 2025. In 2019, the market was valued at USD 24.15 Billion. Builders in Saudi Arabia are increasingly incorporating facility management in building design, with facility managers consulted during the design phase to provide feedback on project area utilization, landscaping, fire and safety systems, and lifecycle cost analysis of the building. Facility management aims to reduce the total cost of services over a building's entire lifecycle, with almost 80% of the total cost incurred during this phase. This integration allows owners to easily manage and control their facilities with minimal disruptions, thereby increasing the total life of the buildings.

Leading companies in the Saudi Arabia facility management market include Saudi EMCOR Company Ltd (EFS Facility Management), Khidmah LLC, Enova Facilities Management Services LLC, Muheel Services For Maintenance & Operations LLC, Musanadah Facilities Management Company Ltd., Al Mahmal Facilities Services, Al Khozama Facility Management Services, Five Moons Company Ltd., Takamul AlOula Facility Management, Al Borj Facility Management, Saudi Binladin Group Operation & Maintenance, among others. Makkah province is expected to dominate the demand for facility management services due to the high number of travelers and pilgrims visiting the region, with two holy mosques located in the province. The province has one of the highest numbers of visitors in the country and a majority of establishments in the hospitality industry in Saudi Arabia. As of 2019, there were a total of 1,547 hotels in operation and over 15,700 buildings under construction in the province, which is expected to result in increased demand for facility management services.

“In 2019, Makkah accounted for the largest share i.e. 32.56% in Saudi Arabia facility management market. The region is expected to maintain its dominance over the next five years as well. Makkah is one of the most popular regions in Saudi Arabia. The province boasts Mecca City, the holy pilgrimage site for Muslims, and Jeddah, which is considered as the commercial capital of Saudi Arabia. Tourism activities in Makkah and Madinah is expected to contribute to the growth in hotel industry, thereby creating ample demand for facility management services in the region.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Saudi Arabia Facility Management Market By Service (Property, Cleaning, Security, Support, Catering & Others), By End User (Commercial, Industrial & Residential), Competition, Forecast & Opportunities, 2017 – 2027” has evaluated the future growth potential of the facility management market in Saudi Arabia and provided statistics and information on market structure, industry behavior and trends. The report includes market projections and demand forecasting. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes emerging trends along with essential drivers, challenges and opportunities available in Saudi Arabia facility management market.

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The Global High-Performance Trucks market will experience significant growth over the next five years, with volume projected to reach around 2.45 Million units by 2028, growing at a CAGR of over 4% from 2023 to 2028. Several factors are driving this growth, including increasing demand for high-performance commercial vehicles from the industrial sector, growing demand for improved power output engines and technological advancements, as well as government regulations aimed at improving fuel efficiency and reducing vehicle emissions. Additionally, the growing organized retail industry globally and demand for frozen perishable commodities will further fuel demand for high-performance trucks.

Key manufacturers in the market include Volvo, Daimler, Scania, and MAN, among others. Scania, MAN, Volvo, Daimler, PACCAR, General Motors, Toyota, Ford, Nissan, and FCA are among the leading players in the Global High-Performance Trucks market.

Objective of the Study:

• To analyse and forecast the market size of High-Performance Trucks, in terms of value and volume.
• To classify and forecast Global High-Performance Trucks based on vehicle type, power output, application, fuel type, transmission type and regional distribution.
• To identify drivers and challenges for Global High-Performance Trucks.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global High-Performance Trucks.
• To conduct the pricing analysis for High-Performance Trucks.
• To identify and analyse the profile of leading players involved in the manufacturing of Global High-Performance Trucks.

For this study, TechSci Research conducted both primary and exhaustive secondary research. Initially, TechSci Research compiled a list of manufacturers from across the globe, and then conducted primary research surveys with the identified companies. During these interviews, respondents were also asked about their competitors, allowing TechSci Research to include manufacturers that could not be identified through secondary research limitations. TechSci Research analyzed the service offerings, distribution channels, and presence of all major collaboration manufacturers globally.

To calculate the market size of Global High-Performance Trucks, TechSci Research used a bottom-up approach. Data for various end-user industries and their application across different product types were recorded and forecasted for future years. These values were sourced from industry experts and company representatives and were externally validated by analyzing historical data of these product types and applications to arrive at an overall market size. TechSci Research also utilized various secondary sources such as company websites, news articles, press releases, annual reports, investor presentations, and financial reports.

Key Target Audience:

• Medium- and heavy-duty truck OEMs
• Engine suppliers
• Alternate fuel technology suppliers
• Pickup truck OEMs
• Industry associations and experts
• Dealers/Distributors
• Research organizations and consulting companies.
• Research Institutes
• Industry associations
• Market research and consulting firm.

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration service providers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, Global High-Performance Trucks market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

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The automotive industry is expected to witness an impressive growth rate during the forecast period, with the Automotive Head-Up Display (HUD) market projected to surpass $10 billion by 2028. The growth of the automotive head-up display market is due to the increasing adoption rate of advanced technologies by OEMs, the growing connected cars market, and increasing adoption of advanced driver assistance systems globally. Additionally, the need for safety and the rising number of road accidents is driving the integration of head-up displays in the automotive industry, particularly in mid-size and economic car segments. Conventional HUD technology is predicted to account for the largest share in the global automotive head-up display market during the forecast period. The growth of the conventional HUD technology is primarily due to the increasing importance placed on vehicle and passenger safety systems by automotive customers.

The North American market held the largest share of the automotive head-up display market in 2023, with the US being the major contributor to the market. However, the European automotive HUD market is expected to surpass the North American market by 2028, owing to the increasing demand for premium and luxury cars equipped with HUDs. Furthermore, the Asia-Pacific automotive head-up display market is expected to witness the fastest growth due to the rapidly growing demand for mid-segment cars equipped with head-up display systems.

Several major key players operate in the automotive head-up display market, including Robert Bosch GmbH, Panasonic Corporation, Continental AG, Harman International Industries Inc., LG Electronics Inc., Denso Corporation, Yazaki Corporation, Pioneer Corporation, Garmin Ltd., and Nippon Seiki Co. Ltd. TechSci Research conducted primary and exhaustive secondary research to analyse the market size for the global Automotive Head-Up Display market. The research included the preparation of an exhaustive list of Automotive Head-Up Display manufacturers operating globally, followed by primary research surveys with the identified companies. The product offerings and regional presence of all major Automotive Head-Up Display suppliers across the globe were also analysed by TechSci Research.

Objective of the Study:

• To analyze and forecast the market size of global automotive head-up display market, in terms of value & volume.
• To classify and forecast global automotive head-up display market based on vehicle type, electric vehicle type, HUD type, technology, end-user, and regional distribution.
• To identify drivers and challenges for global automotive head-up display market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions etc. In global automotive head-up display market.
• To conduct the pricing analysis for global automotive head-up display market.
• To identify and analyze the profile of leading players involved in the global automotive head-up display market.

TechSci Research conducted primary research surveys and exhaustive secondary research to perform this study. Initially, TechSci Research compiled a list of the top manufacturers operating globally. Subsequently, TechSci Research conducted primary research surveys, including primary calls and email responses, with the identified companies. During the interviews, the respondents were asked about their competitors. Using this technique, TechSci Research was able to include manufacturers that could not be identified through secondary research limitations. TechSci Research analyzed the service offerings, distribution channels, and presence of all major players in the HUD market.

Using a bottom-up approach, TechSci Research calculated the market size for the automotive HUD market. Data for various end-user segments was recorded and forecast for future years. These values were sourced from industry experts and company representatives and validated externally by analyzing historical data of these product types and applications to arrive at an appropriate overall market size. TechSci Research also studied various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations, and financial reports.

The study is useful for providing answers to critical questions that are important for industry stakeholders such as automotive head-up display manufacturers, customers, and policy makers. The study can help them target growing segments over the next two to five years, facilitating investment decisions and expansion. Key target audiences for this study include original device manufacturers (ODMs) and stakeholders, system integrators, head-up display original equipment manufacturers (OEMs), assembly and packaging vendors, associations, organizations, forums, and alliances related to HUD, and market research and consulting firms.

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TechSci Research has reported that the Global Oil Country Tubular Goods Market is expected to experience significant growth during the forecast period of 2024-2028, according to their report titled "Oil Country Tubular Goods Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F." The driving force behind the increased demand for oil country tubular goods and the expansion of the global market is successful energy production and consumption. The expansion of drilling and production operations, the rise of shale gas exploration, and the increase in the number of oil wells per rig are the key factors driving the global market for oil country tubular goods. Moreover, there is a surge in investment in unconventional oil and gas sources that is significantly contributing to the need for oil country tubular goods.

The production of oil and gas is a crucial element of global economic expansion. Hydrocarbons are widely used in various industrial sectors, including transportation, power generation, production, and process, among others. The growth in oil and gas demand has led to an increase in exploration and production activities, which continue to receive funding from governments and well-known hydrocarbon producers worldwide. The extraction of hydrocarbons requires drilling, and drilling activities require the use of OCTG.

Oil country tubular goods are a collection of various steel tubular items, such as well casing, production tubing, and drill pipe, that are used to conduct drilling without interruption. Tubular pipes come in a variety of grades and diameters and can be either seamless or welded. The well casing is the structural component of the well that maintains the well's stability and integrity throughout drilling, preventing it from collapsing. Various casings, such as conductor, surface, and production casings, are used based on the borehole's characteristics. Casing is necessary during drilling to prevent groundwater pollution. Production tubing, on the other hand, is a hollow pipe used to transfer hydrocarbons to the surface.

North America is expected to have a significant impact on the global tubular goods market due to the increasing number of drilling activities in the U.S. and Canada. Exploration and production operations have consistently grown due to supportive government regulations and a favorable corporate climate. The American shale revolution presents a significant opportunity for leveraging drilling operations. The United States will eventually become a net exporter of natural gas due to increased shale gas production. The rising global demand for oil and gas stimulates exploration and production activity in the United States, hence contributing to the market demand.

The Global Oil Country Tubular Goods Market comprises segments such as manufacturing process, grade, product, application, region, and competitive landscape. The market is categorized into API Grade and Premium Grade, based on grade. In terms of manufacturing process, the market is divided into Electric Resistance Welded and Seamless segments. Seamless pipes are preferred over welded ones because of their ability to maintain homogeneity in shape and withstand high pressure without cracking. In the Gulf Cooperation Council region, as of 2019, seamless pipes were responsible for 90% of OCTG utilization because of their suitability for sour gas resources.

Based on product, the market is segmented into Well Casing, Production Tubing, Drill Pipe, and Others. Well casing is an essential component of drilling, preventing groundwater pollution and providing stability for continuous drilling operations. It also supports the well's wall to prevent the well shaft from collapsing due to unconsolidated sand or rock pieces that have penetrated the well. Casing plays a critical role in safeguarding the submersible pump's water tubing, pull cable, and electrical wires, contributing to the expected growth of the well casing segment.

The market is divided into Onshore and Offshore segments based on application. Onshore applications are the most common due to their ease of transportation, relative cost-effectiveness, and accessibility of competent personnel.

Major market players in the Global Oil Country Tubular Goods Market are: -

• MRC Global Inc.
• JFE Steel Corporation
• TMK Ipsco Enterprise Inc
• National Oil Well Varco Inc
• Tenaris SA
• Jindal SAW Ltd
• Arcelor Mittal S.A.
• Nippon Steel
• Vallourec S.A.
• S. Steel Tubular Products Inc.

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“As production activities in the oil and gas industry expand, so does the need for oil country tubular goods are rising, which is driving the market growth. Additionally, the market for oil country tubular goods is primarily driven by a growth in shale reserves, technological advancements that have increased horizontal and directional drilling, and an increase in production and exploration operations, all factors are propelling the market growth in the forecast period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Oil Country Tubular Goods Market –Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Manufacturing Process (Electric Resistance Welded, Seamless), By Grade (API Grade, Premium Grade), By Product (Well Casing, Production Tubing, Drill Pipe, Others), By Application (Onshore, Offshore), By Region,” has evaluated the future growth potential of Global Oil Country Tubular Goods 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 Oil Country Tubular Goods Market.

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According to the TechSci Research report, "Bow Loading System Market- Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2016-2026," the growth of the global bow loading system market is expected to be driven by increasing demand for oil in the forecast period of 2022-2026. The efficient transfer of oil from offshore reservoirs is becoming increasingly important due to this rising demand, and this is one factor that is expected to contribute to an impressive CAGR for the global bow loading system market. Additionally, the growth of the global bow loading system market is being supported by increasing demand from the automotive industry and the need to facilitate the operation of various machinery, equipment, and tools. The market is also expected to benefit from concerns about marine life degradation, which have led to increased attention and active steps to protect marine life, aiding demand and growth of the global bow loading system market in the next five years. As onshore oil reserves continue to decline, the demand for offshore reservoirs is increasing, further supporting the growth of the global bow loading system market in the forecast years.

The market segmentation of the global bow loading system is categorized based on type, facility, component, competitive landscape, and regional distribution. The market is further divided into two types, namely the hose-handling system and hawser-handling system. The hose-handling system is located at the forefront of the ship, where the coupler system receives the hose from the offloading vessel or ship and attaches it to the onloading ship. The system maintains the integrity of the attachments by following the hose movements, which includes a hose winch for handling the hose during the connection and disconnection phases. On the other hand, the hawser handling system includes a roller and chain stopper system that is located on the deck of the ship, operated together with a twin drum traction. This system holds the two vessels together during the tandem loading.

In terms of facility, the market is bifurcated into floating storage and offloading vessels and oil loading tankers. Floating storage and offloading vessels are projected to hold the largest revenue shares of the market and dominate the segment, given the increasing excavation of oil and gases from the oil rigs. The surge in demand for oil is further driving the growth of the global bow loading system market in the upcoming five years. The oil loading tankers are also expected to register significant growth in the market in the next five years due to the increasing offshore excavations.

Some of the market players, dominating the global market are :

• National Oilwell Varco
• MacGregor
• Aker Solutions
• ABS Group
• OneSubSea Company

These market players along with new market entrants, are focused on extensive research and bringing innovative and advanced products. Technologically advanced manufacturing of the bow loading systems would aid in decreasing the cost of production and aid the players in managing their investments. Moreover, initiatives from the government and private fundings would support the global bow loading system market growth indirectly.

“Middle East and Africa region has been dominating the market in the last five years. The region is anticipated to continue its dominance in the upcoming five years due to multiple number of offshore rigs. Also, the offshore rigs are continuously increasing since the oil demands are rising and onshore rigs are not enough to replenish the increasing demands. Moreover, the demand for avoiding oil spillage is further driving the growth of the global bow loading system market in the next five years. Presence of multiple market players in the region is also aiding the growth of the global bow loading system market in the future five years. Europe region is also anticipated to register significant growth in the forecast period on account of expanding automotive industry in the countries like Germany, France, etc.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Bow Loading System Market - Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2016-2026, Segmented By Type (Hose-Handling System, Hawser-Handling System), By Facility (Floating Storage and Offloading Vessels & Oil Loading Tankers), By Component (Coupler, Hose Winch, Chain Stopper, Bow Roller, Bow Door, Others), By Region”, has evaluated the future growth potential of global bow loading system 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 bow loading system market.

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TechSci Research's report titled "Global Elevator Modernization Market - Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2017-2027" reveals that the market for elevator modernization worldwide reached a value of USD 9042.05 million in 2021, and it is projected to grow at a CAGR of 5.25% during the forecast period. The digital revolution is transforming almost all major industry sectors worldwide, prompting industry participants to introduce elevators equipped with state-of-the-art technology and high-tech devices to seize a greater market share. Incorporation of advanced technologies such as the internet of things and artificial intelligence is anticipated to offer travelers a multi-sensory and enriched experience. To optimize energy usage and reduce expenses, companies such as Schindler are launching solar-powered elevators. Nonetheless, the global elevator modernization market's growth may be limited over the next five years due to the likelihood of lift equipment corrosion and lift shafts' restricted tolerance.

The global elevator modernization market is segmented into elevator type, component, end user, modernization type, regional distribution, and competitive landscape.

The market is categorized based on components such as the controller, door equipment, cabin enclosure, signaling fixture, power unit, and others. In 2021, the controller segment dominated the market, covering 24.00% of the overall market share. The increasing demand for the reconstruction and renovation of buildings, airports, and other infrastructure is accelerating the rate of elevator modernization. Controllers are a crucial component of elevators, ensuring their safe operation and functionality. Factors such as safety, convenience, and the number of people using elevators play a significant role in elevator modernization.

The market is also segmented based on end-users such as the residential sector, institutional sector, commercial sector, and infrastructural sector. The residential sector led the market in 2021, capturing 53.47% of the overall market share. The rapid growth of urbanization and the construction of residential buildings are driving the installation of elevators. The complex components of elevators necessitate frequent modernization and maintenance. The demand for affordable and reliable modern elevators is increasing rapidly, leading to the integration of advanced components and technologies. Moreover, since residential elevators are not frequently replaced, safety systems such as fire service systems, protection devices, and redundancy circuits are being installed to cater to the rising demand for safety.

Based on modernization type, the market is bifurcated into partial and full. The partial segment held the highest market share of 70.68% in 2021 and is expected to maintain its dominance over the next five years. The aging urban infrastructure negatively impacts the lifespan of elevators, and building owners make necessary changes by replacing some components, thereby saving costs of modernizing the entire elevator at once. Building owners and leading authorities are investing in elevator modernization services to stay ahead in the market and provide the best facilities to the residents, which is expected to boost the segment demand over the next five years.

Major market players operating in the global elevator modernization market are:

• Fujitec Co., Ltd.
• Hitachi, Ltd.
• Hyundai Elevator Co., Ltd.
• Kone Corporation
• Mitsubishi Electric Corporation
• Otis Worldwide Corporation
• Schindler Group
• Toshiba Corporation
• Shenyang Yuanda Intellectual Industry Group Co. Ltd
• TK Elevator Gmbh

“The Asia-pacific region was the dominant region in 2021 and captured 46.51% of the overall market share owing to the ongoing massive infrastructure development projects and construction of high-rise buildings. The Asia-pacific region is developing at a rapid rate and is undergoing a massive economic transformation. The government of emerging nations like India is focusing on the growth of the construction industry. It is launching projects like Housing for All and Smart Cities Project, which are expected to fuel the demand for elevator modernization services. Also, the rise in the investments by the market players to advance the working of elevators and improve the safety and comfort of passengers is expected to propel the growth of the global elevator modernization market till 2027”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Elevator Modernization Market- Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2017-2027, Segmented By Elevator Type (Traction, Machine Room Less (MRL) Traction, Hydraulic), By Component (Controller, Door Equipment, Cabin Enclosure, Signalling Fixture, Power Unit, Others), By End User (Residential Sector, Institutional Sector, Commercial Sector, Infrastructural Sector), By Modernization Type (Partial, Full), By Region”, has evaluated the future growth potential of global elevator modernization 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 elevator modernization market.

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TechSci Research's report titled "Automotive Machine Vision Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027" predicts that the global market for automotive machine vision will experience significant growth during the forecast period of 2023-2027. This growth is expected due to the increasing demand for technological automation in the automotive industry. The deployment of autonomous vehicles, along with the advancement of SAE Level 3 and 4 technologies, will further contribute to the growth of the global automotive machine vision market over the next five years. Additionally, growing concerns for driver safety and a shift towards safety-critical functions being performed by the vehicle itself will also support market growth during this period. The introduction of technological advancements such as Light Detection and Ranging (LiDAR) sensors and advanced driver assistance software (ADAS) will further substantiate the growth of the global automotive machine vision market over the next five years.

The rising trend of 3D machine vision, which provides precise and real-time information to improve performance in applications, is also contributing to the growth of the market. This technology is capable of detecting objects regardless of their position, enabling robots to react appropriately to what is in front of them. Additionally, the environmental awareness of this technology adds value to self-driving vehicles, which will further facilitate the growth of the global automotive machine vision market in the forecast period up to 2027.

Furthermore, automotive machine vision systems enable the dimensional gauging of precision-machined components such as fasteners, transmissions, and other sub-assemblies like IVS-ASAi. These systems are programmable for further evolution, allowing for the addition of new features and capabilities, which will contribute to the growth of the global automotive machine vision market during the forecast period.

The global automotive machine vision market segmentation is based on component, vehicle type, vehicle autonomy, regional distribution, and competitive landscape.

The market is categorized into hardware and software based on components. Hardware systems are expected to have the largest revenue shares and dominate the market segment in the next five years due to the development and adoption of AI-based cameras. These systems offer safety features such as adaptive cruise control, adaptive headlamp control, traffic sign recognition, forward collision warning, pedestrian detection, and automated braking. They also offer cost efficiency, the integration of technologies for reliable safety, and a highly compact form factor. The software segment is expected to have significant revenue shares due to the growing advancement in technologies.

The market is divided into passenger cars and commercial vehicles based on vehicle type. Passenger cars are expected to have the largest revenue shares and dominate the market segment in the next five years due to higher sales. The growing demand for electric vehicles and technologically enhanced self-driving vehicles also contributes to market growth. Furthermore, the demand for driver safety in a self-driving vehicle also adds to the growth of the market.

Based on vehicle autonomy, the market is divided into level 1, level 2, level 3, and level 4/5. The regional segmentation includes the Asia-Pacific region, North American region, European & CIS region, South American region, and Middle East & African region.

Some of the market players, dominating the global automotive machine vision market are : 

• CXV Global Ltd.
• Stemmer Imaging AG
• Keyence Corporation
• Mech-Mind Robotics Technologies Ltd.
• AlwaysAI, Inc.

“Asia Pacific region is anticipated to hold the largest revenue shares of the market and dominate the regional segment of the market in the upcoming five years. Growing demand for the safe, efficient, and convenient driving experience facilitates the market growth in the region. Also, availability of the multiple market players highly invested in the development of the technological advancement and actively investing in the segment also add to the growth of the global automotive machine vision market in the future five years. Rising population in the countries like China, India, South Korea, incorporated with the demands for the ownership of the personal vehicles also substantiate the growth of the global automotive machine vision market in the future five years. New market players may focus on research and product development. Technological advancement in the automotive machine visions to enhance their performance would allow them to establish their brands in the market and support the market growth in future too,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Automotive Machine Vision Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027, Segmented By Engine Type (Turbofan, Piston, Turboprop, Turboshaft), By Aircraft Type (Narrow Body, Rotocrafts, Business Aircrafts, Fighter Aircrafts, Wide Body Aircrafts, Regional Aircrafts), By Platform (Fixed Wing and Rotary Wing), By Application (Commercial, Military), By Region”, has evaluated the future growth potential of global automotive machine vision 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 automotive machine vision market.

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TechSci Research's report on "Autonomous Vehicle Testing Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027" predicts that the global autonomous vehicle testing market will experience a strong CAGR during the forecast period of 2023-2027. The growth of the autonomous vehicle testing market is being fueled by the significant growth in the automotive industry. Additionally, the sales of autonomous vehicles are rising rapidly due to an increase in consumer purchasing power, leading to a rise in demand for autonomous vehicle testing globally. Moreover, the demand for testing the automated components of vehicles has increased due to rising incidences of road accidents. For example, road traffic crashes cause approximately 1.3 million deaths annually and 20 to 50 million severe injuries, some of which result in permanent disabilities. Furthermore, the rising levels of carbon emissions from vehicles are a major environmental concern. As vehicles are the primary contributor to air pollution, they generate significant amounts of particulate matter, nitrogen oxide, and carbon monoxide. Vehicle testing is necessary to monitor carbon emissions, and a series of tests, such as acceleration simulation mode (ASM) test, on-board diagnostic (OBD) inspection, and testing excessive HC or CO levels, are conducted. Additionally, the emergence of numerous leading companies, particularly in emerging economies, is expected to propel market growth. Moreover, the increasing production of autonomous vehicles is anticipated to fuel the demand for autonomous vehicle testing, to ensure that the vehicle meets the regulatory standards associated with performance, technical safety, fuel efficiency, and more. Therefore, the global market for autonomous vehicle testing has significant potential and is expected to grow rapidly in the coming years.

The autonomous vehicle testing market globally is categorized into test type, vehicle type, vehicle autonomy, competitive landscape, and regional distribution. Test type is differentiated into software testing, simulation testing, driving testing, and others. Simulation testing is projected to have a significant market share during the forecast period, as autonomous vehicles require large-scale testing and assessments before deployment. Simulation testing enables engineers to anticipate validation through digital prototyping, providing greater advantages over physical testing, boosting the segment growth.

Vehicle type is divided into passenger car and commercial vehicle. The passenger car segment is expected to hold a significant market share due to the increasing purchasing power of consumers, encouraging buyers to opt for autonomous vehicles. Therefore, the demand for vehicle testing in autonomous passenger cars has increased over time.

The market is divided by vehicle autonomy into Level 1, Level 2, Level 3, and Level 4/5, with the Level 3 segment expected to hold the largest market share over the forecast period. Since Level 1 and Level 2 cars have very few automated components, they do not require frequent testing via certain assessments. Although Level 4/5 cars are highly autonomous and do not require human intervention, they are less available in the market compared to Level 3 autonomous cars. Thus, the emergence of automotive players launching Level 3 autonomous cars and their growing adoption is expected to boost the segment growth.

A list of major market players of the global autonomous vehicle testing market includes:

• Intertek Group plc
• AB Dynamics
• Google (Waymo)
• Tesla Inc
• Toyota Motor Corporation

“Europe is estimated to hold the largest market share during the forecast period. This can be attributed to the economic growth in the region, rising working population, and introduction of favorable government policies attracting several leading autonomous automotive players such as Tesla, AB Dynamics, and Google to establish their plants. The widespread availability of autonomous vehicles and the growing purchasing power of consumers are eventually increasing the demand for autonomous vehicle testing in the region. Furthermore, the rising demand for autonomous and luxury vehicles for enhanced convenience and connectivity is supporting the market growth. Besides, growing innovations in autonomous automotive testing and introduction of the best-in-class testing solutions such as cloud-based service in vehicle testing are contributing to the market growth. With cloud-based tools, testers can carry out mobile and web testing in different environments and machines without the need to set up any infrastructure, which makes automotive testing scalable and cost-efficient.” said Mr. Karan Chechi, Research Director, TechSci Research, a research based global management consulting firm.

“Autonomous Vehicle Testing Market – Global Industry Size, Share, Trends, Opportunity and Forecast, 2023-2027 Segmented By Test Type (Software Testing, Simulation Testing, Driving Testing, Others), By Vehicle Type (Passenger Car, Commercial Vehicle), By Vehicle Autonomy (Level 1, Level 2, Level 3, Level 4/5) and By Region” has evaluated the future growth potential of global autonomous vehicle testing 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 autonomous vehicle testing market.

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The global portable EV chargers market is projected to experience significant growth during the forecast period, according to a TechSci Research report titled “Portable EV Chargers Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027”. This growth can be attributed to several factors, including the increasing global penetration of electric vehicles, the emergence of innovative portable electric vehicle chargers by key players, growing consumer awareness regarding vehicular emissions, and supportive government initiatives. Furthermore, the lack of electric vehicle charging stations and the growing need to charge electric vehicles quickly are contributing to the increased demand for portable electric vehicle chargers.

Compared to other types of chargers, portable electric vehicle chargers are easy to install and require less maintenance as they can simply be plugged into an electric vehicle to charge its battery. Roadside assistance companies are rapidly adopting portable electric vehicle chargers to provide charging services for electric vehicle owners stranded on the side of the road with low battery. Additionally, portable electric vehicle chargers are increasingly being used to provide power for emergency vehicles, such as ambulances or fire trucks, when the grid is down. Therefore, the growing use of portable chargers for both domestic and commercial applications is expected to drive the growth of the global portable EV chargers market in the upcoming years.

The global portable EV chargers market is segmented into product type, vehicle type, and region.

The global portable electric vehicle chargers market is categorized into two product types: AC charger and DC charger. During the forecast period, the DC portable electric vehicle chargers segment is expected to experience the highest growth. DC chargers are extensively used to provide emergency and/or convenience charging to charge batteries in a short period of time. Most electric vehicles can be charged up to 80% in under an hour using the currently available DC fast chargers. To avoid range anxiety and charge their vehicles fast, drivers are increasingly opting for DC portable electric vehicle chargers, especially for high mileage/long-distance driving and large fleets to recharge batteries during the day or on a short break, rather than keeping the vehicle plugged in overnight. Therefore, the segment growth is expected to be fueled by the increasing need to charge vehicles fast.

The global portable EV chargers market is segmented based on vehicle type into two-wheeler, passenger car, and commercial vehicle. The passenger car segment is expected to hold the largest share in the market, owing to the increased adoption of electric vehicles for personal use due to the enhanced environmental awareness and fluctuating gas prices. However, the commercial vehicle segment is expected to witness the fastest growth during the forecast period, owing to the growing adoption of portable EV chargers by roadside assistance companies, shared fleet operators, etc.

Major market players operating in global portable EV chargers market are:

• ZipCharge
• SparkCharge
• EV Adept
• Chengdu Khons Technology Co., Ltd.
• Besen International Group Co., Ltd.

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“Market players are increasingly making investments to build innovative portable electric vehicle chargers that recharge batteries faster and efficiently. In recent years, many new user-friendly portable electric vehicle chargers with new features have emerged, owing to the growing adoption of electric vehicles across the world. Recently, Juice Americas, a subsidiary of Juice Technology has announced to offer their popular J+ BOOSTER 2 Portable EV charger to customers in USA, Canada, and Mexico. The portable EV charger with eight adapter plugs can be used to charge any electric vehicle, including Tesla. Launch of new portable EV chargers by market players and expansion of their product portfolios is expected to aid the growth of the global EV chargers market in the coming years.”, said Mr. Karan Chechi, Research Director, TechSci Research, a research based global management consulting firm.

“Portable EV Chargers Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027, Segmented By Product Type (AC Charger, DC Charger), By Vehicle Type (Two-Wheeler, Passenger Car, Commercial Vehicle) and By Region”, has evaluated the future growth potential of global portable EV chargers 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 portable EV chargers market.

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About TechSci Research:

TechSci Research is a research-based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. TechSci Research’s core values are value, integrity and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a result, TechSci’s client leads rather than follow market trends. Not bound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and an increased use of technology as engines of innovation to deliver unique research value. Provided as an alternative to traditional market research, TechSci Research reports do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.

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The TechSci report titled "Saudi Arabia Oil Drilling Market By Deployment (Offshore, Onshore), Service (Contract, Drilling, Logging While Drilling, Measurement While Drilling, Directional Drilling), Equipment Type (Drilling Equipment, Production Equipment, Pumps & Valves, Others), Region, Competition Forecast & Opportunities, 2027" reveals that the Saudi Arabia oil drilling market experienced significant growth in the past until 2019, and this growth is expected to continue throughout the forecast years of 2021 to 2027. The rising demand for fuel in the automotive and automobile industry is one of the factors that contributed to this growth. Additionally, the construction and vehicular transportation industries have also shown an increasing demand for oil, which could affect the market's growth in the next five years.

The chemical, beauty and health, and healthcare industries require oil for their production units and manufacturing sectors, leading to a surge in demand and further driving the growth of the Saudi Arabia oil drilling market. The market's growth in historical years was fueled by technologically advanced machinery and equipment, and this trend is expected to continue in the next five years.

While concerns have been raised about the environmental impact of oil spills and exhaustive extraction of oil from offshore sources, the market's growth is being sustained by the surging demand from the global platforms.

The Saudi Arabian oil drilling market is divided into several segments, including deployment, service, equipment type, regional distribution, and competitive landscape. The market is further segmented by service into contract drilling, drilling, logging while drilling, measurement while drilling, and directional drilling. It is expected that the contract drilling market segment will hold the largest share of the market in the next five years due to the increasing number of players in the sector. Additionally, directional drilling is anticipated to hold a significant amount of market share in the next five years due to rising demand. However, the continuous decline in oil prices over the past five years may lead to setbacks such as cold stacking of rigs and delayed delivery of new rigs.

The market is also bifurcated by deployment into offshore and onshore oil drilling, with onshore oil drilling expected to hold the larger share of the market and assert its dominance in the upcoming five years. This growth can be attributed to the advantages it has over offshore drilling, which is often accompanied by the threat of oil spills and long-term effects on the marine ecosystem. However, onshore drilling may lead to land pollution and require a large area for the setup of drilling equipment, which could slightly slow down the growth graph. Nevertheless, the rising demand for oil and gas will sustain the growth in the market in the upcoming five years.

Some of the major market players in the Saudi Arabian oil drilling market are Valaris plc, National-Oilwell Varco Inc., Noble Corporation plc, Saipem S.p.A., Arabian Drilling Company, ADES International Holding PLC, Shelf Drilling Holdings, Ltd., Saudi Arabian Oil Company, Weatherford Energy Services Saudi Arabia Co. Ltd, and Burgan Drilling Company. These market players hold a larger share of the market than new players. With the evolution of technology, effective research and development of technologically advanced equipment and services will support market growth and benefit both market players and consumers. New market players may focus on research and development to provide equipment that satisfies suppliers' demands while also building their brand value. Other competitive strategies include mergers and acquisitions and new product development.

“Saudi Arabia Oil Drilling Market is ever flourishing market seeing the historical changes. Though, recent situation of pandemic caused slight decrease in the demands of automotive and thereby decrease in the demand of automobiles and put a mild restraint on the market growth. With the advancement of vaccines and taking over the virus spread, the markets are reopened, and demands are surging again. The new market players are required to enter the market with technologically advanced equipment and techniques to establish their own market. The regulatory bodies and the schemes are specifically to manage and monitor the production, demand and supply the oil and by products which may aid to the market growth, but new market players must abide by the quality standards such that no harm comes to the environment,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Saudi Arabia Oil Drilling Market By Deployment (Offshore, Onshore) By Service (Contract, Drilling, Logging While Drilling, Measurement While Drilling, Directional Drilling) By Equipment Type (Drilling Equipment, Production Equipment, Pumps & Valves, Others) By Region, Competition Forecast & Opportunities, 2027” has evaluated the future growth potential of Saudi Arabia oil drilling 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 Saudi Arabia oil drilling market.

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