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DUBLIN--(BUSINESS WIRE)--The "Marine Actuators and Valves - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.


Amid the COVID-19 crisis, the global market for Marine Actuators and Valves estimated at US$3 Billion in the year 2020, is projected to reach a revised size of US$4.2 Billion by 2027, growing at a CAGR of 4.8% over the period 2020-2027.

Actuators, one of the segments analyzed in the report, is projected to record 5.4% CAGR and reach US$1.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Valves segment is readjusted to a revised 4.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $825.9 Million, While China is Forecast to Grow at 7.5% CAGR

The Marine Actuators and Valves market in the U.S. is estimated at US$825.9 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$864 Million by the year 2027 trailing a CAGR of 7.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 4.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3% CAGR.

The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:

  • AVK Holding A/S
  • Christian Burkert GmbH & Co. KG
  • Emerson Electric Company
  • Flowserve Corporation
  • Honeywell International, Inc.
  • Johnson Controls International PLC
  • KITZ Corporation
  • Rotork PLC
  • Schlumberger Ltd.
  • Watts Water Technologies, Inc.

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Global Competitor Market Shares
  • Marine Actuators and Valves Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

IV. COMPETITION

  • Total Companies Profiled: 41

For more information about this report visit https://www.researchandmarkets.com/r/zvfr4


Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.

For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

LONDON--(BUSINESS WIRE)--#GlobalLiquefiedPetroleumGasLPGCylinderMarket--Technavio has been monitoring the liquefied petroleum gas (LPG) cylinder market and it is poised to grow by USD 407.60 million during 2020-2024, progressing at a CAGR of over 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.



Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions-

  • Based on segmentation by type, which is the leading segment in the market?
  • The metal LPG cylinders segment is expected to be the leading segment in the global market during the forecast period.
  • What are the major trends in the market?
  • Rising subsidies offered by governments to promote LPG use is one of the major trends in the market.
  • At what rate is the market projected to grow?
  • Growing at a CAGR of over 4%, the incremental growth of the market is anticipated to be USD 407.60 million.
  • Who are the top players in the market?
  • Aygaz AS, China Huanri Group Co. Ltd., Hebei baigong high-pressure vessel Co. Ltd., Hexagon Composites ASA, Mauria Udyog Ltd., Metal Mate Co. Ltd., Sahamitr Pressure Container Plc, The Supreme Industries Ltd., Time Technoplast Ltd., and Worthington Industries Inc. are some of the major market participants.
  • What are the key market drivers and challenges?
  • Increasing use of LPG in many applications is one of the major factors driving the market. However, the availability of alternative fuels restraints the market growth.
  • How big is the APAC market?
  • The APAC region will contribute 56% of market growth.

The market is concentrated, and the degree of concentration will accelerate during the forecast period. Aygaz AS, China Huanri Group Co. Ltd., Hebei baigong high-pressure vessel Co. Ltd., Hexagon Composites ASA, Mauria Udyog Ltd., Metal Mate Co. Ltd., Sahamitr Pressure Container Plc, The Supreme Industries Ltd., Time Technoplast Ltd., and Worthington Industries Inc. are some of the major market participants. The increasing use of LPG in many applications will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Liquefied Petroleum Gas (LPG) Cylinder Market 2020-2024: Segmentation

Liquefied Petroleum Gas (LPG) Cylinder Market is segmented as below:

  • Type
    • Metal
    • Composite
  • Geography
    • APAC
    • North America
    • MEA
    • Europe
    • South America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR44277

Liquefied Petroleum Gas (LPG) Cylinder Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The liquefied petroleum gas (LPG) cylinder market report covers the following areas:

  • Liquefied Petroleum Gas (LPG) Cylinder Market Size
  • Liquefied Petroleum Gas (LPG) Cylinder Market Trends
  • Liquefied Petroleum Gas (LPG) Cylinder Market Analysis

This study identifies rising subsidies offered by governments to promote LPG use as one of the prime reasons driving the liquefied petroleum gas (LPG) cylinder market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform

Liquefied Petroleum Gas (LPG) Cylinder Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist liquefied petroleum gas (LPG) cylinder market growth during the next five years
  • Estimation of the liquefied petroleum gas (LPG) cylinder market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the liquefied petroleum gas (LPG) cylinder market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of liquefied petroleum gas (LPG) cylinder market vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five Force Summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Type

  • Market segments
  • Comparison by Type
  • Metal - Market size and forecast 2019-2024
  • Composite - Market size and forecast 2019-2024
  • Market opportunity by Type

Customer Landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption
  • Competitive scenario

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Aygaz AS
  • China Huanri Group Co. Ltd.
  • Hebei baigong high-pressure vessel Co. Ltd.
  • Hexagon Composites ASA
  • Mauria Udyog Ltd.
  • Metal Mate Co. Ltd.
  • Sahamitr Pressure Container Plc
  • The Supreme Industries Ltd.
  • Time Technoplast Ltd.
  • Worthington Industries Inc.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations 

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.technavio.com/

DUBLIN--(BUSINESS WIRE)--The "Portable Solar Charger Market - By Product (Small Portable Solar Charger, Foldable Solar Charger, and Backpack Solar Charger), Application (Individual and Defense): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 - 2026" report has been added to ResearchAndMarkets.com's offering.


The global portable solar charger market accounted for USD 492.20 Million in 2019 and is expected to Reach USD 1168.76 Million by 2026, growing at a CAGR of around 13.15 %.

Factors related to environmental concern such as reducing carbon emission and increasing consumer awareness are driving the growth of solar powered products. Companies and consumers are looking for solar products, as only renewables sources of energy will be used after the replenishment of non- renewable source of energy.

Further, clean energy products have various advantages over the traditional energy product. These advantages are expected to bolster the market of portable solar powered products. Apart from this, features such as renewable and environment friendly energy are expected to increase the demand for solar products in the near future.

Portable Solar Charger Market: Growth Factors

The portable solar chargers have the following features they are small, wearable and handy thus can easily carried by the consumers; it offers portability and enhances the mobile applications of the product which results in the quality end user experience. This fact is driving the growth of the portable solar charger market. The portable solar charger makes use of the non-renewable energy sources making it eco-friendly and it does not emit any type of toxic substances as the energy used by the charger is from the sun's energy.

This leads to an increased adoption of the portable solar chargers. Majority of the solar portable chargers make use of solar energy only, thus restricting its application in the night as there are chances of the energy draining out. Another factor that limits the growth of the portable solar chargers is they are unable to absorb 100% of energy which is provided by the sun.

Portable Solar Charger Market: Regional Analysis

The geographical diversification of the global portable solar charger market includes North America, Asia Pacific, Western Europe, the Middle East and Africa, Latin America, and Eastern Europe. Among all the regions, it is North America that dominates the global portable solar charger market which is followed by Europe and Asia Pacific region. The increased adoption of the wearable products in the regions such as Asia Pacific and Europe increases the demand for the portable solar charger market.

Portable Solar Charger Market: Overview

The portable solar charger makes use of the solar energy from the sun in order to provide energy. There are some types of portable solar chargers available in the market that consists of the electronic wall outlet. The portable solar charger consists of different panels and functions over silicon. The portable solar chargers are used for the storage of the power or the energy.

Portable Solar Charger Market: Facts

The portable solar charger Fuse 6W Solar Charger is a very good option. The specifications of this solar charger are as follows its capacity is 4000 mAh, the output is 1 USB (1A), the weight of the device is 1.3 pounds, and the solar panel has the capacity 6.15 Watts. The unit has a universal attachment system that completes with a set of interlocking clips.

Portable Solar Charger Market: Segmentation

The global market for the portable solar charger is fragmented into its panel type and product type. Based on the panel type, the global market is segregated into mono-crystalline solar chargers, amorphous solar chargers, poly-crystalline solar chargers, and hybrid solar chargers. Based on the type of the portable, the market is divided into fold out portable solar chargers, small portable solar chargers, and backpack portable solar chargers.

Portable Solar Charger Market: Competitive Players

  • Cobra
  • Solio Solar Battery Products
  • Goal Zero
  • Poweradd Official
  • Philips Lighting Holding B.V.
  • Solartab Limited
  • Solar Frontier K.K.
  • Emponi
  • Anker Technology Co. Limited.

For more information about this report visit https://www.researchandmarkets.com/r/d02bnr


Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

LONDON--(BUSINESS WIRE)--#FuelOilMarket--Technavio has been monitoring the fuel oil market and it is expected to decline by USD 84.77 billion during 2020-2024. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.



Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions-

  • Based on segmentation by application, which is the leading segment in the market?
  • The marine segment is expected to be the leading segment in the global market during the forecast period.
  • What are the major trends in the market?
  • Rise in world refining capacity is one of the major trends in the market.
  • Who are the top players in the market?
  • BP Plc, Chevron Corp., Exxon Mobil Corp., JXTG Holdings Inc., PJSC LUKOIL, PT Pertamina(Persero), Qatar Petroleum, Reliance Industries Ltd., Royal Dutch Shell Plc, and SK Innovation Co. Ltd. are some of the major market participants.
  • What are the key market drivers and challenges?
  • Rise in world energy demand is one of the major factors driving the market. However, the competition from other transportation fuel sources restraints the market growth.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. BP Plc, Chevron Corp., Exxon Mobil Corp., JXTG Holdings Inc., PJSC LUKOIL, PT Pertamina(Persero), Qatar Petroleum, Reliance Industries Ltd., Royal Dutch Shell Plc, and SK Innovation Co. Ltd. are some of the major market participants. The rise in world energy demand will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Fuel Oil Market 2020-2024: Segmentation

Fuel Oil Market is segmented as below:

  • Application
    • Marine
    • Industrial
    • Others
  • Geography
    • APAC
    • MEA
    • Europe
    • South America
    • North America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR44370

Fuel Oil Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The fuel oil market report covers the following areas:

  • Fuel Oil Market Size
  • Fuel Oil Market Trends
  • Fuel Oil Market Analysis

This study identifies rise in world refining capacity as one of the prime reasons driving the fuel oil market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform

Fuel Oil Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist fuel oil market growth during the next five years
  • Estimation of the fuel oil market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the fuel oil market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of fuel oil market vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by application
  • Marine - Market size and forecast 2019-2024
  • Industrial - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by application

Customer Landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • BP Plc
  • Chevron Corp.
  • Exxon Mobil Corp.
  • JXTG Holdings Inc.
  • PJSC LUKOIL
  • PT Pertamina(Persero)
  • Qatar Petroleum
  • Reliance Industries Ltd.
  • Royal Dutch Shell Plc
  • SK Innovation Co. Ltd.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

     

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.technavio.com/

LONDON--(BUSINESS WIRE)--#GlobalMetallurgicalCoalMarket--Technavio has been monitoring the metallurgical coal market and it is poised to grow by USD 14.91 billion during 2020-2024, progressing at a CAGR of almost 2% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.



Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions-

  • Based on segmentation by application, which is the leading segment in the market?
  • The steelmaking segment is expected to be the leading segment based on application in the global market during the forecast period.
  • What are the major trends in the market?
  • Advances in the mining industry is one of the major trends in the market.
  • At what rate is the market projected to grow?
  • Growing at a CAGR of almost 2%, the incremental growth of the market is anticipated to be USD 14.91 billion.
  • Who are the top players in the market?
  • Anglo American Plc, Arch Coal Inc., Bharat Coking Coal Ltd., BHP, China Coal Energy Co. Ltd., China Shenhua Energy Co. Ltd., Coronado Global Resources Inc., Glencore Plc, Teck Resources Ltd., and Vale SA are some of the major market participants.
  • What are the key market drivers?
  • Demand for coal tar is one of the major factors driving the market.
  • How big is the APAC market?
  • The APAC region will contribute 87% of market growth

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Anglo American Plc, Arch Coal Inc., Bharat Coking Coal Ltd., BHP, China Coal Energy Co. Ltd., China Shenhua Energy Co. Ltd., Coronado Global Resources Inc., Glencore Plc, Teck Resources Ltd., and Vale SA are some of the major market participants. The demand for coal tar will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Metallurgical Coal Market 2020-2024: Segmentation

Metallurgical Coal Market is segmented as below:

  • Application
    • Steelmaking
    • Non-steelmaking
  • Geographic Landscape
    • The Americas
    • APAC
    • EMEA

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40815

Metallurgical Coal Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The metallurgical coal market report covers the following areas:

  • Metallurgical Coal Market Size
  • Metallurgical Coal Market Trends
  • Metallurgical Coal Market Analysis

This study identifies advances in the mining industry as one of the prime reasons driving the metallurgical coal market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform

Metallurgical Coal Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist metallurgical coal market growth during the next five years
  • Estimation of the metallurgical coal market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the metallurgical coal market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of metallurgical coal market vendors

Table of Contents:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • Preface
  • Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Value chain analysis
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2019
  • Market outlook
  • Market size and forecast 2019-2024

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY APPLICATION

  • Market segmentation by application
  • Comparison by application
  • Steelmaking - Market size and forecast 2019-2024
  • Non-steelmaking - Market size and forecast 2019-2024
  • Market opportunity by application

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • Americas - Market size and forecast 2019-2024
  • EMEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Increase in number of smart city projects
  • Advances in mining industry
  • Steel production through electrolysis

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Anglo American Plc
  • Arch Coal Inc.
  • Bharat Coking Coal Ltd.
  • BHP
  • China Coal Energy Co. Ltd.
  • China Shenhua Energy Co. Ltd.
  • Coronado Global Resources, Inc.
  • Glencore Plc
  • Teck Resources Ltd.
  • Vale SA

PART 14: APPENDIX

  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.technavio.com/

LONDON--(BUSINESS WIRE)--#MultimodalTransportationMarketforChemicalandPetroleumIndustryinUS--Technavio has been monitoring the multimodal transportation market for chemical and petroleum industry in US and it is poised to grow by USD 480.14 million during 2020-2024, progressing at a CAGR of over 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.



Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions-

  • Based on segmentation by end-user, which is the leading segment in the market?
  • The chemical industry is expected to be the leading segment in the global market during the forecast period.
  • What are the major trends in the market?
  • Increasing growth in non-conventional oil production and refining capacity is one of the major trends in the market.
  • At what rate is the market projected to grow?
  • Growing at a CAGR of over 3%, the incremental growth of the market is anticipated to be USD 480.14 million.
  • Who are the top players in the market?
  • BDP International Inc., C.H. Robinson Worldwide Inc., Crowley Maritime Corp., Deutsche Post DHL Group, Kuehne + Nagel International AG, MARUBENI LOGISTICS Corp., Mitsubishi Logistics Corp., Schenker AG, Transport Maritime et Transit USA Inc., and YUSEN LOGISTICS Co. Ltd. are some of the major market participants.
  • What are the key market drivers and challenges?
  • Reduction in the freight transportation costs is one of the major factors driving the market. However, the adverse impact of port congestion on the service level agreements restraints the market growth.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. BDP International Inc., C.H. Robinson Worldwide Inc., Crowley Maritime Corp., Deutsche Post DHL Group, Kuehne + Nagel International AG, MARUBENI LOGISTICS Corp., Mitsubishi Logistics Corp., Schenker AG, Transport Maritime et Transit USA Inc., and YUSEN LOGISTICS Co. Ltd. are some of the major market participants. The reduction in the freight transportation costs will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Multimodal Transportation Market for Chemical and Petroleum Industry in US 2020-2024: Segmentation

Multimodal Transportation Market for Chemical and Petroleum Industry in US is segmented as below:

  • End-user
    • Chemical Industry
    • Petroleum Industry
  • Transportation Mode
    • Rail-road
    • Road-water
    • Road-air
    • Others

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR44396

Multimodal Transportation Market for Chemical and Petroleum Industry in US 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The multimodal transportation market for chemical and petroleum industry in US report covers the following areas:

  • Multimodal Transportation Market Size for Chemical and Petroleum Industry in US
  • Multimodal Transportation Market Trends for Chemical and Petroleum Industry in US
  • Multimodal Transportation Market Analysis for Chemical and Petroleum Industry in US

This study identifies increasing growth in non-conventional oil production and refining capacity as one of the prime reasons driving the multimodal transportation market growth for chemical and petroleum industry in US during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Multimodal Transportation Market for Chemical and Petroleum Industry in US 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist multimodal transportation market growth for chemical and petroleum industry in US during the next five years
  • Estimation of the multimodal transportation market size for chemical and petroleum industry in US and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the multimodal transportation market for chemical and petroleum industry in US
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of multimodal transportation market vendors for chemical and petroleum industry in US

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by End-user

  • Market segments
  • Comparison by End-user
  • Chemical industry - Market size and forecast 2019-2024
  • Petroleum industry - Market size and forecast 2019-2024
  • Market opportunity by End-user

Market Segmentation by Transportation-mode

  • Market segments
  • Comparison by Transportation-mode
  • Rail-road - Market size and forecast 2019-2024
  • Road-water - Market size and forecast 2019-2024
  • Road-air - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by Transportation-mode

Customer landscape

  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption
  • Competitive scenario

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • BDP International Inc.
  • C.H. Robinson Worldwide Inc.
  • Crowley Maritime Corp.
  • Deutsche Post DHL Group
  • Kuehne + Nagel International AG
  • MARUBENI LOGISTICS Corp.
  • Mitsubishi Logistics Corp.
  • Schenker AG
  • Transport Maritime et Transit USA Inc.
  • YUSEN LOGISTICS Co. Ltd.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations 

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.technavio.com/

Critical amenity has broader impact of encouraging Electric Vehicle adoption and reducing Greenhouse Gas emissions

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--#coliving--Property Markets Group (PMG), a leading modern urban developer, has partnered with OBE Power, the leading private network of smart, distributed electric vehicle chargers in Florida to offer Electric Vehicle Charging as a Service (EV CaaS) at Society Las Olas, a 639 unit apartment community in downtown Fort Lauderdale.


The first PMG property to integrate OBE Power’s networked charging solution is the largest co-living community in America, featuring stunning residences and amenities with a focus on sustainable living.

OBE Power’s Electric Vehicle Charging as a Service and digital platform allows PMG to integrate smart community charging into Society Las Olas’ unique approach to the resident experience. Miami-based OBE Power owns, installs, and manages the charging amenity. Property managers can oversee its administration through OBE Power’s user-friendly web portal, as well as track environmental benefits real time.

According to OBE Power’s Managing Director Alejandro Burgana, “Society Las Olas’ residents and retail guests can now conveniently switch to an electric vehicle that costs less to ‘fuel,’ is faster, safer, less costly to operate and emits zero tailpipe pollution.”

“We’re excited to offer residents a cost-effective and convenient EV charging solution that adds value to our projects while helping reduce emissions,” says Ryan Shear, Managing Partner of PMG.

PMG plans to partner with OBE Power at the firm’s Society Biscayne project at 400 Biscayne Boulevard in downtown Miami, and eventually roll out in Wynwood and Orlando.

Florida is the 2nd largest adopter of electric vehicles in the nation, attracting young professionals and talented entrepreneurs looking for cosmopolitan, sustainable living at reasonable prices.

Note to Editors: High resolution photos of Society Las Olas and EV charging station in Society garage are available upon request.


Contacts

OBE Power
Alejandro Burgana
This email address is being protected from spambots. You need JavaScript enabled to view it.
305-546-5407

Property Markets Group
Melissa Sweredoski
This email address is being protected from spambots. You need JavaScript enabled to view it.
410-610-6321

LONDON--(BUSINESS WIRE)--#GeothermalDrillingMarketForPowerGeneration--Technavio has been monitoring the geothermal drilling market for power generation and it is poised to grow by USD 244.99 million during 2020-2024, progressing at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.



Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions-

  • Based on segmentation by application, which is the leading segment in the market?
  • The binary plants are expected to be the leading segment in the global market during the forecast period.
  • What are the major trends in the market?
  • The need for efficient use of resources and reduction of emissions is one of the major trends in the market.
  • At what rate is the market projected to grow?
  • Growing at a CAGR of over 5%, the incremental growth of the market is anticipated to be USD 244.99 million.
  • Who are the top players in the market?
  • Baker Hughes Co., Deep Rock Manufacturing Co., Fraste Spa, Geotech Drilling Services Ltd., Halliburton Co., Huisman Equipment BV, KCA Deutag Alpha Ltd., Marton Geotechnical Services Ltd., Ormat Technologies Inc., and Schlumberger Ltd. are some of the major market participants.
  • What are the key market drivers and challenges?
  • Rising demand for energy is one of the major factors driving the market. However, the high capital requirement restraints the market growth.
  • How big is the APAC market?
  • The APAC region will contribute 42% of market growth.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Baker Hughes Co., Deep Rock Manufacturing Co., Fraste Spa, Geotech Drilling Services Ltd., Halliburton Co., Huisman Equipment BV, KCA Deutag Alpha Ltd., Marton Geotechnical Services Ltd., Ormat Technologies Inc., and Schlumberger Ltd. are some of the major market participants. The rising demand for energy will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Geothermal Drilling Market for Power Generation 2020-2024: Segmentation

Geothermal Drilling Market for Power Generation is segmented as below:

  • Application
    • Binary Plants
    • Steam Plants
  • Geography
    • Europe
    • APAC
    • North America
    • South America
    • MEA

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR44744

Geothermal Drilling Market for Power Generation 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The geothermal drilling market report covers the following areas:

  • Geothermal Drilling Market for Power Generation Size
  • Geothermal Drilling Market for Power Generation Trends
  • Geothermal Drilling Market for Power Generation Industry Analysis

This study identifies the need for efficient use of resources and reduction of emissions as one of the prime reasons driving the growth of the geothermal drilling market for power generation during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform

Geothermal Drilling Market for Power Generation 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist the growth of the geothermal drilling market for power generation during the next five years
  • Estimation of the size of the geothermal drilling market for power generation and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the geothermal drilling market for power generation
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of vendors in the geothermal drilling market for power generation

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • Binary plants - Market size and forecast 2019-2024
  • Steam plants - Market size and forecast 2019-2024
  • Market opportunity by Application

Customer Landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • Europe - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Competitive scenario
  • Vendor landscape
  • Landscape disruption
  • Industry risks

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Baker Hughes Co.
  • Deep Rock Manufacturing Co.
  • Fraste Spa
  • Geotech Drilling Services Ltd.
  • Halliburton Co.
  • Huisman Equipment BV
  • KCA Deutag Alpha Ltd.
  • Marton Geotechnical Services Ltd.
  • Ormat Technologies Inc.
  • Schlumberger Ltd.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

     

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.technavio.com/

 

NEW YORK--(BUSINESS WIRE)--Tortoise Acquisition Corp. (NYSE: SHLL) (“TortoiseCorp”) today announced that its stockholders voted to approve the proposed business combination between TortoiseCorp and Hyliion Inc. (“Hyliion”) and certain related proposals and that it has adjourned its virtual Special Meeting of Stockholders to September 30, 2020 at 1:00 p.m., Eastern time (the “Special Meeting”) to provide its shareholders additional time to vote on one of the ancillary proposals described in TortoiseCorp’s definitive proxy statement, dated September 8, 2020 (the “Proxy Statement”). To attend the reconvened virtual meeting, please visit https://www.cstproxy.com/tortoiseacquisitioncorp/sm2020.

TortoiseCorp urges its stockholders who have not voted to do so as soon as possible. TortoiseCorp received overwhelming support from stockholders for the proposed business combination with Hyliion. A sufficient number of votes to approve the business combination were received and TortoiseCorp expects to close the transaction on Thursday, October 1, 2020. However, TortoiseCorp values the input of all stockholders and has adjourned the Special Meeting to provide stockholders who have not voted with additional time to vote their shares on one of the ancillary proposals. If you have any questions regarding the Special Meeting or need assistance voting your shares, please contact TortoiseCorp’s proxy solicitor, Morrow Sodali LLC, by telephone at (800) 662-5200 or by email at This email address is being protected from spambots. You need JavaScript enabled to view it..

In connection with the proposed business combination, TortoiseCorp filed the Proxy Statement with the U.S. Securities and Exchange Commission (the “SEC”) on September 8, 2020, and the Proxy Statement and proxy card were mailed shortly thereafter to stockholders of record as of the close of business on August 24, 2020. The Proxy Statement is available on the Investor Information section of TortoiseCorp’s website, as well as www.sec.gov. TortoiseCorp stockholders are encouraged to read the definitive proxy materials, including, among other things, the reasons for TortoiseCorp’s Board of Directors’ unanimous recommendation that stockholders vote “FOR” the business combination and the other stockholder proposals set forth in the proxy materials as well as the background of the process that led to the pending business combination with Hyliion.

About Tortoise Acquisition Corp.

Tortoise Acquisition Corp. (NYSE: SHLL) is a special purpose acquisition company formed for the purpose of effecting a merger, stock exchange, acquisition, reorganization or similar business combination with one or more businesses. Our strategy has been to combine with a company to take advantage of the global opportunities created by the energy transition including clean energy generation and storage, alternative fuels and transportation, technological advances and changes in energy policies.

Forward-Looking Statements

The information in this press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, regarding TortoiseCorp’s proposed acquisition of Hyliion and TortoiseCorp’s ability to consummate the transaction are forward-looking statements. When used in this press release, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, TortoiseCorp disclaims any duty to update any forward looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. TortoiseCorp cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of TortoiseCorp. In addition, TortoiseCorp cautions you that the forward-looking statements contained in this press release are subject to the following factors: (i) the occurrence of any event, change or other circumstances that could delay the business combination or give rise to the termination of the agreements related thereto; (ii) the outcome of any legal proceedings that may be instituted against TortoiseCorp or Hyliion; (iii) the inability to complete the business combination due to the failure to obtain approval of the stockholders of TortoiseCorp, or other conditions to closing in the transaction agreement; (iv) the risk that the proposed business combination disrupts TortoiseCorp’s or Hyliion’s current plans and operations; (v) Hyliion’s ability to realize the anticipated benefits of the business combination, which may be affected by, among other things, competition and the ability of Hyliion to grow and manage growth profitably following the business combination; (vi) costs related to the business combination; (vii) changes in applicable laws or regulations; and (viii) the possibility that Hyliion may be adversely affected by other economic, business and/or competitive factors. Should one or more of the risks or uncertainties described in this press release, or should underlying assumptions prove incorrect, actual results and plans could different materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in TortoiseCorp’s periodic filings with the SEC, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2019 and its Quarterly Reports on Form 10-Q for the periods ended March 31, 2020 and June 30, 2020. TortoiseCorp's SEC filings are available publicly on the SEC’s website at www.sec.gov.


Contacts

Investor Contact:
Morrow Sodali LLC
Donna Corso or Ryan Loveless
(800) 662-5200
(Banks and Brokers call collect at (203) 658-9400)
This email address is being protected from spambots. You need JavaScript enabled to view it.

LONDON--(BUSINESS WIRE)--#GlobalOilandGasRefineryMaintenanceServicesMarket--Technavio has been monitoring the oil and gas refinery maintenance services market and it is poised to grow by USD 521.13 million during 2020-2024, progressing at a CAGR of almost 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.



Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions-

  • What are the major trends in the market?
  • Adoption of modular mini refineries is one of the major trends in the market.
  • At what rate is the market projected to grow?
  • Growing at a CAGR of almost 3%, the incremental growth of the market is anticipated to be USD 521.13 million.
  • Who are the top players in the market?
  • Aegion Corp., Aptim Corp., Chiyoda Corp., Envent Corp., Fluor Corp., John Wood Group Plc, KBR Inc., Saipem Spa, Sunergon, and Turner Industries Group. are some of the major market participants.
  • What are the key market drivers and challenges?
  • Surging demand for refined fuel is one of the major factors driving the market. However, the fluctuations in crude oil prices restraints the market growth.
  • How big is the APAC market?
  • The APAC region will contribute 40% of market growth.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Aegion Corp., Aptim Corp., Chiyoda Corp., Envent Corp., Fluor Corp., John Wood Group Plc, KBR Inc., Saipem Spa, Sunergon, and Turner Industries Group are some of the major market participants. The surging demand for refined fuel will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Oil and Gas Refinery Maintenance Services Market 2020-2024: Segmentation

Oil and Gas Refinery Maintenance Services Market is segmented as below:

  • Type
    • Turnaround
    • Maintenance and Repair
  • Geography
    • APAC
    • Europe
    • North America
    • MEA
    • South America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR44762

Oil and Gas Refinery Maintenance Services Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The oil and gas refinery maintenance services market report covers the following areas:

  • Oil and Gas Refinery Maintenance Services Market Size
  • Oil and Gas Refinery Maintenance Services Market Trends
  • Oil and Gas Refinery Maintenance Services Market Analysis

This study identifies the adoption of modular mini refineries as one of the prime reasons driving the oil and gas refinery maintenance services market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform

Oil and Gas Refinery Maintenance Services Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist oil and gas refinery maintenance services market growth during the next five years
  • Estimation of the oil and gas refinery maintenance services market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the oil and gas refinery maintenance services market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of oil and gas refinery maintenance services market vendors

Table of Contents:

Executive Summary

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation by Product

Customer Landscape

Geographic Landscape

Vendor Landscape

Vendor Analysis

Appendix

Explore Technavio

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.technavio.com/

Four small businesses to win a $45,000 makeover with a combination of energy efficient and cosmetic upgrades

BELLEVUE, Wash.--(BUSINESS WIRE)--With the impacts of the COVID-19 pandemic on small business owners, Puget Sound Energy is looking to help. Through the launch of its Small Business Energy Makeover contest, PSE will invest a total of $180,000 and provide four local small businesses a makeover that will help them save energy and trim operating costs. Each makeover will include $30,000 in energy efficiency upgrades and an additional $15,000 for needed cosmetic improvements.


“We care deeply about our community. Although small businesses are small in size, they’re large in numbers and the COVID-19 pandemic has left many operating on razor thin margins while trying to remain open,” said Leslie Myers, customer outreach supervisor at PSE. “Our Small Business Energy Makeover Contest is designed to give four small businesses a much-needed boost while serving as a model for others to learn valuable energy saving tips and other cost-saving measures.”

Winning business owners will work with a PSE energy expert to assess energy inefficiencies in their current operations and identify upgrades with the greatest impact, which may include installing new energy efficient equipment and programmable thermostats or updating lighting fixtures and HVAC systems.

PSE is encouraging customers to nominate their favorite local small business and business owners can also enter themselves into the contest. “We are hopeful to see entries from all types of small businesses, including those owned by Black, Indigenous and people of color, as the pandemic has hit these businesses particularly hard,” continued Myers.

A familiar local business leader is joining forces with PSE on this effort to transform small businesses, Chef Edouardo Jordan. Jordan is best known for his popular Seattle restaurants: Salare, JuneBaby and Lucinda Grain Bar.

“This is a unique and unprecedented time for all small business owners, and we’ve all been forced to be adaptive, creative and intentional with all of our decisions,” said Jordan. “The Small Business Energy Makeover Contest will support four local businesses while also making countless other companies aware of ways to lower operational costs and stay afloat.”

Contest entrants must be small businesses operating within Puget Sound Energy’s service area. All nominated businesses will be eligible for a PSE energy assessment and everyone who nominates a business will be entered in a drawing for a chance to win one of five Nest smart thermostats. The deadline for entries is Sunday, Oct. 18.

To nominate your favorite local business or learn more about the contest, visit: www.king5.com/PSE.

Puget Sound Energy is proud to serve our neighbors and communities in 10 Washington counties.
We're the state’s largest utility, supporting more than 1.1 million electric customers and nearly 900,000 natural gas customers.
For more about us and what we do, visit pse.com. Also follow us on Facebook and Twitter.


Contacts

Andrew Padula, 1-888-831-7250, This email address is being protected from spambots. You need JavaScript enabled to view it.

 

LONDON--(BUSINESS WIRE)--#GlobalRiglessInterventionServicesMarket--Technavio has been monitoring the rigless intervention services market and it is poised to grow by USD 648.91 million during 2020-2024, progressing at a CAGR of almost 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.



Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts.

Frequently Asked Questions-

  • Based on segmentation by application, which is the leading segment in the market?
  • The onshore segment is expected to be the leading segment in the global market during the forecast period.
  • What are the major trends in the market?
  • Advances in 4D seismic survey technologies is one of the major trends in the market.
  • At what rate is the market projected to grow?
  • Growing at a CAGR of almost 3%, the incremental growth of the market is anticipated to be USD 648.91 million.
  • Who are the top players in the market?
  • Acteon Group Ltd., Aker Solutions ASA, Baker Hughes Co., Expro Holdings UK2 Ltd., Gulf Intervention Services DMCC, Halliburton Co., Helix Energy Solutions Group Inc., Oceaneering International Inc., Schlumberger Ltd., and Weatherford International Plc. are some of the major market participants.
  • What are the key market drivers and challenges?
  • Increase in oil rig count is one of the major factors driving the market. However, the rise in renewable energy restraints the market growth.
  • How big is the North America market?
  • The North America region will contribute 53% of market growth.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Acteon Group Ltd., Aker Solutions ASA, Baker Hughes Co., Expro Holdings UK2 Ltd., Gulf Intervention Services DMCC, Halliburton Co., Helix Energy Solutions Group Inc., Oceaneering International Inc., Schlumberger Ltd., and Weatherford International Plc are some of the major market participants. The increase in oil rig count will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Rigless Intervention Services Market 2020-2024: Segmentation

Rigless Intervention Services Market is segmented as below:

  • Application
    • Onshore
    • Offshore
  • Geography
    • North America
    • MEA
    • Europe
    • APAC
    • South America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43971

Rigless Intervention Services Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The rigless intervention services market report covers the following areas:

  • Rigless Intervention Services Market Size
  • Rigless Intervention Services Market Trends
  • Rigless Intervention Services Market Analysis

This study identifies advances in 4D seismic survey technologies as one of the prime reasons driving the rigless intervention services market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Rigless Intervention Services Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist rigless intervention services market growth during the next five years
  • Estimation of the rigless intervention services market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the rigless intervention services market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of rigless intervention services market vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • Onshore - Market size and forecast 2019-2024
  • Offshore - Market size and forecast 2019-2024
  • Market opportunity by Application

Customer Landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption
  • Competitive scenario

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Acteon Group Ltd.
  • Aker Solutions ASA
  • Baker Hughes Co.
  • Expro Holdings UK2 Ltd.
  • Gulf Intervention Services DMCC
  • Halliburton Co.
  • Helix Energy Solutions Group Inc.
  • Oceaneering International Inc.
  • Schlumberger Ltd.
  • Weatherford International Plc

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


Contacts

Technavio Research
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US: +1 844 364 1100
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Website: www.technavio.com/

Facility to provide renewable energy to fast-growing zone near Houston


OVERLAND PARK, Kan.--(BUSINESS WIRE)--Diode Ventures, a Black & Veatch company that develops global infrastructure projects, today announced that renewable energy leader ACCIONA has acquired 100 percent of a 240-megawatt (MW) ac/315 MW dc photovoltaic (PV) project in development in Fort Bend County, Texas.

With the transaction, ACCIONA extends its footprint in U.S. solar generation as demand for renewable energy grows due to increasing efforts to decarbonize the electric sector. Solar and wind projects owned and operated by ACCIONA generate more than 1,000 MWs of power in the United States and Canada, with more in development. With three wind power projects in Cameron County, Texas, the Fort Bend project represents ACCIONA’s fourth investment in the state, and its first solar PV project in Texas. When operational, Fort Bend will give the company more than 750 MWs of renewable capacity in Texas. ACCIONA has committed to delivering 1,600 MWs of new solar across the United States by 2023.

The project, expected to create about 300 jobs during the construction phase, will be within the territory of the Electric Reliability Council of Texas (ERCOT), a membership-based nonprofit corporation that manages electricity flow to more than 26 million Texas customers. That represents about 90 percent of the state’s electric load.

Diode Ventures, which offers clients reliable, turnkey asset-development solutions for large-scale infrastructure programs, has teamed with Enfinite Capital to develop the Fort Bend Solar project to a Full Notice to Proceed (FNTP) state. As an investment and asset management firm, Enfinite Capital specializes in renewable energy, infrastructure and real estate assets.

Diode bought the Fort Bend Solar project from global property group and contractor Lendlease in 2018.

“With solar power continuing to surge in demand as a cleaner, greener provider of electricity, we’re pleased to see this ambitious project advance closer to becoming a reality,” said Brad Hardin, Diode Ventures’ president. “This is another important step toward sustainability and lowering our carbon footprint in an evolving electric marketplace, and we’re proud to be part of it.”

“We are excited to invest in Fort Bend County and to bring this solar project forward,” said Rafael Esteban, CEO of ACCIONA’s energy division in North America. “This is an opportunity to continue our success in the State of Texas. The Fort Bend project will be a flagship of our US portfolio and a demonstration of our commitment to delivering value to our shareholders while advancing economic development and sustainability.”

About Diode Ventures

Diode Ventures is a developer of energy and data infrastructure, serving the commercial, industrial and technology sectors. With our partners, we offer our clients development services including site selection, capital assembly, project financing, EPC and O&M. Diode Ventures is a wholly owned subsidiary of Black & Veatch with a global presence in over 100 countries. To learn more, visit www.diodeventures.com.

About ACCIONA

ACCIONA is a global group that develops and manages sustainable infrastructure solutions, particularly in renewable energy. Its range of services covers the entire value chain of design, construction, operation and maintenance. ACCIONA's aim is to lead the transition to a low-carbon economy and does this by applying criteria of technical excellence and innovation processes to all its projects to design a better planet. The company earned revenues of 7,191 million euros in 2019, has a presence in more than 60 countries and carries out its activities within a commitment to the economic and social development of the communities it operates in.

In the field of energy, ACCIONA is a global operator in renewables with 30 years’ experience in the sector and 10,407 megawatts (MW) under its ownership, distributed in 16 countries on the five continents. It has 226 wind farms, 76 hydropower plants, 11 large photovoltaic plants, 3 biomass plants and a CSP plant. acciona.com


Contacts

ACCIONA Contact Information
David Jakubiak
+1 312-673-3086
This email address is being protected from spambots. You need JavaScript enabled to view it.

Diode Ventures Contact Information
Anna Goebel
+1 913-458-1688
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LONDON--(BUSINESS WIRE)--#CannedSeafoodMarket--Technavio has been monitoring the global canned seafood market size and it is poised to grow by USD 6.90 billion during 2020-2024, progressing at a CAGR of almost 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.



Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. American Tuna Inc., Dongwon Group, Empresas AquaChile SA, F.C.F. Fishery Co. Ltd., LABEYRIE FINE FOODS SAS, Mowi ASA, Nomad Foods Ltd., Thai Union Group PCL, Trident Seafoods Corp., and Wild Planet Foods Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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New product launches have been instrumental in driving the growth of the market. However, illegal fishing and overfishing might hamper market growth.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Download a Free Sample Report on COVID-19 Impacts

Canned Seafood Market 2020-2024: Segmentation

Canned Seafood Market is segmented as below:

  • Product
    • Canned Tuna
    • Canned Salmon
    • Other Canned Seafood
  • Geographic Landscape
    • Europe
    • North America
    • APAC
    • MEA
    • South America

Canned Seafood Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The canned seafood market report covers the following areas:

  • Canned Seafood Market Size
  • Canned Seafood Market Trends
  • Canned Seafood Market Industry Analysis

This study identifies the rising demand for processed seafood as one of the prime reasons driving the Canned Seafood Market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Canned Seafood Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist canned seafood market growth during the next five years
  • Estimation of the canned seafood market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the canned seafood market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of canned seafood market, vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product
  • Canned tuna - Market size and forecast 2019-2024
  • Canned salmon - Market size and forecast 2019-2024
  • Other canned seafood - Market size and forecast 2019-2024
  • Market opportunity by Product

Market Segmentation by Distribution channel

  • Market segments
  • Comparison by Distribution channel
  • Offline - Market size and forecast 2019-2024
  • Online - Market size and forecast 2019-2024
  • Market opportunity by Distribution channel

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • Europe - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • American Tuna Inc.
  • Dongwon Group
  • Empresas AquaChile SA
  • F.C.F. Fishery Co. Ltd.
  • LABEYRIE FINE FOODS SAS
  • Mowi ASA
  • Nomad Foods Ltd.
  • Thai Union Group PCL
  • Trident Seafoods Corp.
  • Wild Planet Foods Inc.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.technavio.com/

 

Nasdaq Uplisting and Raise of $12.4M

VISTA, Calif.--(BUSINESS WIRE)--$FLUX #FY2020--Flux Power Holdings, Inc. (Nasdaq: FLUX), a developer of advanced lithium-ion industrial batteries for commercial and industrial equipment, today reported financial results for its fourth quarter (Q4’20) and fiscal year (FY‘20) ended June 30, 2020.


Financial Highlights:

  • Q4’20 revenue grew 107% to $6.3M compared to Q4’19 revenue of $3.0M
  • FY’20 revenue increased 81% to $16.8M vs FY’19 revenue of $9.3M
  • Q4’20 gross margin increased to 17.0% compared to 7.3% in Q4’19
  • FY’20 gross margin improved to 13.0% vs FY’19 gross margin of 5.9%

Strategic Highlights:

“To support our projected rapid growth, we are very pleased to have uplisted to the Nasdaq Capital Market which we believe will increase investor awareness to our business and provide better access to growth capital,” Flux Power CEO Ron Dutt commented. “We expect this growth pace to continue in fiscal year 2021 and beyond as we are expanding penetration of our current large customer’s fleets and adding new customers by leveraging current successes.”

Q4’20 Financial Results

Revenue: Q4’20 revenue increased 107% to $6.3M compared to $3.0M in Q4’19, driven by sales of larger LiFT Packs.

Gross Profit: Q4’20 gross profit improved to $1.1M compared to a gross profit of $220,000 in Q4’19 principally reflecting higher sales volumes and benefits from Flux Power’s revenue growth and gross margin improvement program.

Selling & Administrative: Expenses increased to $2.7M in Q4’20 from $2.2M in Q4’19, principally reflecting increased staffing to support expanded operations and growth.

Research & Development: Expenses decreased slightly to $1.1M in Q4’20, compared to $1.2M in Q4’19 reflecting our continued product range evolution and optimization.

Net Loss: Q4’20 net loss decreased to $3.2M from a loss of $3.3M in Q4’19, principally reflecting higher operating costs and interest expense.

FY’20 Financial Results

Revenue: FY’20 revenues rose 81% to $16.8M compared to $9.3M in FY’19, reflecting the rollout of LiFT Packs for larger forklifts and electric trucks, rapid sales of battery packs for walkie pallet jacks, a four-fold increase in sales of GSE Packs to $1.5 million, and rising interest overall in lithium-ion storage solutions. During FY’20, Flux Power expanded its offerings for the Class 1, 2 and 3 forklift markets and continued to increase its new customer development.

Gross Profit: FY’20 gross profit improved to $2.2M compared to a loss of $549,000 in FY’19, based on higher sales and improved gross margins reflecting the benefit of sourcing initiatives, lower prices from higher volume purchasing, and specific design cost reductions.

Selling & Administrative: Expenses increased to $9.8M in FY’20 from $7.7M in FY’19, principally due to additional cash and stock-based compensation expense related to new hires across the business to facilitate production and market growth, and legal fees supporting debt and equity issuances.

Research & Development: Expenses increased to $5.0M in FY’20 from $4.1M in FY’19, reflecting development costs supporting the full product line as well as third party certification efforts such UL Listing and UN38.3 (transportation) requirements.

Net Loss: Net loss increased to $14.3M (a loss of $2.80 per share) in FY’20 from a net loss of $12.4M (a loss of $2.84 per share) in FY’19 mainly due to higher operating expenses and increased interest expense. Per share results are based on 5.1M and 4.4M weighted average basic shares outstanding at the end of FY’20 and FY’19, respectively.

Capital Structure

Flux Power completed equity private placements during Q4’20 totaling $1.3M, with an additional placement of $3.2M on July 24, 2020. Additionally, a total debt conversion to equity of $8.3M was achieved, with $7.9M on June 30, 2020 and $400,000 on July 22, 2020.

On August 18, 2020, Flux Power closed an underwritten public offering of its common stock priced at a public offering price of $4.00 per share for gross proceeds of approximately $12.4 million, which included the full exercise of the underwriter's over-allotment option to purchase additional shares, prior to deducting underwriting discounts and commissions and offering expenses payable by Flux Power. A total of 3,099,250 shares of common stock were issued in the offering, including the full exercise of the over-allotment option.

Fiscal Year 2021 Outlook

Flux Power anticipates revenue growth to continue its FY’20 momentum in FY’21 reflecting: (i) a growing preference for high performing, cost-efficient, and reliable lithium-ion battery solutions over legacy lead acid based solutions; (ii) the strength of its current order backlog and potential purchasing plans of existing customers; and (iii) the impact of a full product line of lithium-ion battery packs.

The first quarter (Q1’21) of the fiscal year is a seasonally slower revenue quarter, reflecting customers not purchasing or installing new equipment over the historically slower summer months of July and August. However, Flux Power anticipates significant year over year growth for the quarter, but a lower growth quarter compared with the prior two quarters. Based on an expanded line-up of product offerings, current pipeline of large customer procurement discussions, and projected new customer acquisitions, the current growth trajectory is anticipated to continue, with potential upside attributable to accelerating demand for lithium-ion solutions. Flux Power also expects to further enhance gross margins across its product lines as Flux Power implements a series of clearly defined initiatives to advance technology, design, production and purchasing efficiencies, as well as benefiting from growing economies of scale.

CEO Ron Dutt added, “While the timing of sales continues to be difficult to predict each quarter, we are ever confident in the outlook for fiscal 2021 based on customer dialogues across all product lines.”

About Flux Power Holdings, Inc. (www.fluxpower.com)

Flux Power designs, develops, manufactures, and sells advanced rechargeable lithium-ion energy storage solutions for lift trucks and other industrial equipment including airport ground support equipment (GSE), energy storage for solar applications, and industrial robotic applications. Flux Power’s LiFT Packs, including the proprietary battery management system (BMS), provide customers with a better performing, more environmentally friendly, and lower total cost alternative, in many instances, to traditional lead acid and propane-based solutions.

Cautionary Statement Regarding Forward-Looking Statements

This release contains projections and other "forward-looking statements" relating to Flux Power’s business, that are often identified by the use of "believes," "expects" or similar expressions. Forward-looking statements involve a number of estimates, assumptions, risks and other uncertainties that may cause actual results to be materially different from those anticipated, believed, estimated, expected, etc. Such forward-looking statements include the development and success of new products, projected sales, Flux Power’s ability to timely obtain UL Listing for its products, Flux Power’s ability to fund its operations, distribution partnerships and business opportunities and the uncertainties of customer acceptance of current and new products. Actual results could differ from those projected due to numerous factors and uncertainties. Although Flux Power believes that the expectations, opinions, projections, and comments reflected in these forward-looking statements are reasonable, they can give no assurance that such statements will prove to be correct, and that the Flux Power’s actual results of ‎operations, financial condition and performance will not differ materially from the ‎results of operations, financial condition and performance reflected or implied by these forward-‎looking statements. Undue reliance should not be placed on the forward-looking statements and Investors should refer to the risk factors outlined in our Form 10-K, 10-Q and other reports filed with the SEC and available at www.sec.gov/edgar. These forward-looking statements are made as of the date of this news release, and Flux Power assumes no obligation to update these statements or the reasons why actual results could differ from those projected.

Flux, Flux Power and associated logos are trademarks of Flux Power Holdings, Inc. All other third-party brands, products, trademarks, or registered marks are the property of and used to identify the products or services of their respective owners.

Follow us at:

Blog: Flux Power Blog
News Flux Power News
Twitter: @FLUXpwr
LinkedIn: Flux Power

FLUX POWER HOLDINGS, INC.

CONSOLIDATED BALANCE SHEETS

 

 

June 30,

2020

 

 

June 30,

2019

 

 

 

 

 

 

 

ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current assets:

 

 

 

 

 

 

 

 

Cash

 

$

726,000

 

 

$

102,000

 

Accounts receivable

 

 

3,069,000

 

 

 

2,416,000

 

Inventories

 

 

5,256,000

 

 

 

3,813,000

 

Other current assets

 

 

787,000

 

 

 

371,000

 

Total current assets

 

 

9,838,000

 

 

 

6,702,000

 

 

 

 

 

 

 

 

 

 

Right of use asset

 

 

3,435,000

 

 

 

-

 

Other assets

 

 

174,000

 

 

 

158,000

 

Property, plant and equipment, net

 

 

528,000

 

 

 

346,000

 

 

 

 

 

 

 

 

 

 

Total assets

 

$

13,975,000

 

 

$

7,206,000

 

 

 

 

 

 

 

 

 

 

LIABILITIES AND STOCKHOLDERS’ DEFICIT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current liabilities:

 

 

 

 

 

 

 

 

Accounts payable

 

$

4,648,000

 

 

$

2,483,000

 

Accrued expenses

 

 

1,400,000

 

 

 

858,000

 

Deferred revenue

 

 

4,000

 

 

 

-

 

Customer deposits

 

 

1,563,000

 

 

 

-

 

Due to factor

 

 

469,000

 

 

 

-

 

Short-term loans – related party

 

 

2,057,000

 

 

 

-

 

Line of credit - related party

 

 

5,290,000

 

 

 

6,405,000

 

Financing lease payable, current portion

 

 

28,000

 

 

 

29,000

 

Office lease payable, current portion

 

 

288,000

 

 

 

-

 

Accrued interest

 

 

50,000

 

 

 

571,000

 

Total current liabilities

 

 

15,797,000

 

 

 

10,346,000

 

 

 

 

 

 

 

 

 

 

Long term liabilities:

 

 

 

 

 

 

 

 

Financing lease payable, less current portion

 

 

-

 

 

 

29,000

 

Paycheck Protection Program loan payable

 

 

1,297,000

 

 

 

-

 

Office lease payable, less current portion

 

 

3,301,000

 

 

 

-

 

 

 

 

 

 

 

 

 

 

Total liabilities

 

 

20,395,000

 

 

 

10,375,000

 

 

 

 

 

 

 

 

 

 

Stockholders’ deficit:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Preferred stock, $0.001 par value; 500,000 shares authorized; none issued and outstanding

 

 

-

 

 

 

-

 

Common stock, $0.001 par value; 30,000,000 shares authorized; 7,420,487 and 5,101,580 shares issued and outstanding at June 30, 2020 and June 30, 2019, respectively

 

 

7,000

 

 

 

5,000

 

Additional paid-in capital

 

 

46,985,000

 

 

 

35,902,000

 

Accumulated deficit

 

 

(53,412,000

)

 

 

(39,076,000

)

Total stockholders’ deficit

 

 

(6,420,000

)

 

 

(3,169,000

)

 

 

 

 

 

 

 

 

 

Total liabilities and stockholders’ deficit

 

$

13,975,000

 

 

$

7,206,000

 

FLUX POWER HOLDINGS, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

 

 

Three months ended
June 30, (Unaudited)

 

 

Years ended
June 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Net revenue

 

$

6,257,000

 

 

$

3,020,000

 

 

$

16,842,000

 

 

$

9,317,000

 

Cost of sales

 

 

5,195,000

 

 

 

2,800,000

 

 

 

14,656,000

 

 

 

8,768,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross profit

 

 

1,062,000

 

 

 

220,000

 

 

 

2,186,000

 

 

 

549,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating expenses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Selling and administrative expenses

 

 

2,653,000

 

 

 

2,194,000

 

 

 

9,761,000

 

 

 

7,712,000

 

Research and development

 

 

1,085,000

 

 

 

1,196,000

 

 

 

4,973,000

 

 

 

4,088,000

 

Total operating expenses

 

 

3,738,000

 

 

 

3,390,000

 

 

 

14,734,000

 

 

 

11,800,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating loss

 

 

(2,676,000

)

 

 

(3,170,000

)

 

 

(12,548,000

)

 

 

(11,251,000

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other income

 

 

-

 

 

 

84,000

 

 

 

-

 

 

 

84,000

 

Interest expense

 

 

(574,000

)

 

 

(189,000

)

 

 

(1,788,000

)

 

 

(1,247,000

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(3,250,000

)

 

$

(3,275,000

)

 

$

(14,336,000

)

 

$

(12,414,000

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss per share - basic and diluted

 

$

(0.63

)

 

$

(0.64

)

 

$

(2.80

)

 

$

(2.84

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of common shares outstanding - basic and diluted

 

 

5,157,184

 

 

 

5,101,580

 

 

 

5,118,713

 

 

 

4,364,271

 

 


Contacts

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HONG KONG--(BUSINESS WIRE)--Over the next 10 years, MetLife, Inc. (NYSE: MET) has committed to reduce its location-based greenhouse gas (GHG) emissions by 30 percent from 2019 levels, originate U.S. $20 billion in new MetLife Investment Management (MIM)–managed green investments1, and allocate U.S. $5 million to develop products and partnerships that drive climate solutions.


Those are just three of the company’s 11 2030 Environmental Goals, which it just announced.2

MetLife also committed to plant 5 million trees (prioritizing areas vulnerable to natural disasters) and to maintain carbon neutrality annually across its global offices, fleet, and business travel3, and MetLife Foundation committed to grant U.S. $10 million for environmental causes.

In addition, MetLife pledged to mobilize 100 of its suppliers to set their own GHG emissions reduction target by 2025.

“Our commitment to the environment reflects our purpose as a company,” said Mike Zarcone, head of Corporate Affairs and Sustainability at MetLife. “Building a more confident future requires us to use natural resources sustainably and help address issues such as climate change.”

The 11 new goals aim to reduce the environmental impact of MetLife’s global operations and supply chain, while leveraging its investments, products, and services to help protect communities and drive innovative solutions.

MetLife surpassed its previous environmental goals a year early. Between 2012 and 2019, the company reduced its annual energy consumption by 33 percent and its location-based GHG emissions by 27 percent, exceeding its targeted reductions of 10 percent by 2020.

As of year-end 2019, MIM, MetLife’s institutional investment management business, had more than U.S. $18.3 billion in green investments under management, including ownership stakes in wind and solar farms.

MetLife has long been an industry leader on sustainability and climate change. For example, in 2016, it was the first U.S.-based insurance company to achieve carbon neutrality, a status it has maintained for four straight years.

In 2020, Metropolitan Life Global Funding I issued a U.S. $750 million green bond, the industry’s first note secured by a green funding agreement.

Through its membership in the Carbon Disclosure Project (CDP) Supply Chain Program, MetLife encourages its business partners to take action on climate change. In 2019, more than 100 of its suppliers disclosed their GHG emissions and mitigation activities.

More than 10,000 MetLife employees participated in the company’s 2019 “Our Green Impact” initiative, which offers a wide range of opportunities to support and learn about sustainability.

These efforts have led to significant recognition. For example:

  • MetLife has earned a spot on the Dow Jones Sustainability North America Index four years in a row.
  • MetLife has also received a Leadership grade (A-) on climate change in the CDP Investor Report four years in a row.
  • In 2019 and 2020, MetLife received the U.S. Environmental Protection Agency’s ENERGY STAR® Partner of the Year Award, in recognition of how it has advanced energy efficiency best practices.
  • This year, the U.S. Department of Energy recognized MIM for the energy efficiency improvements it has made as part of the Better Buildings Initiative.

For more information, please read MetLife’s new Global Environmental Policy and visit the company’s Sustainability website.

  1. For a definition of “green investments,” please go to https://www.metlife.com/sustainability/MetLife-sustainability/climate/. For additional details about MetLife’s green investments, please go to https://www.metlife.com/sustainability/MetLife-sustainability/investments/.
  2. All goals have a base year of 2020 and a goal year of 2030, unless otherwise stated. For additional details about MetLife’s 2030 Environmental Goals, please visit https://www.metlife.com/sustainability/MetLife-sustainability/climate/.
  3. MetLife’s goals for GHG emissions and carbon neutrality apply to all of its owned and leased offices across the world, its fleet of automobiles in its Auto & Home business line (Scope 1 and 2 emissions), and its employee business travel (Scope 3 emissions).

About MetLife

MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates (“MetLife”), is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 markets globally and holds leading positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com


Contacts

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TES 668™ utilizes the latest developments in synthetic fluid formulation and additive technologies to meet the needs of current and future applications.

INDIANAPOLIS--(BUSINESS WIRE)--Allison Transmission, the largest global manufacturer of medium- and heavy-duty fully automatic transmissions, announced today a new formulation of its high-performing transmission fluid. TES 668™ is a modern formulation with many advantages compared to mineral-based, non-synthetic fluids. This next generation transmission fluid is specified for all Allison 1000 Series™, 2000 Series™, 3000 Series™ and 4000 Series™ automatic transmissions.


TES 668 builds on the demonstrated performance of TES 295® fluid in a number of key areas, such as oxidative stability, anti-wear performance and friction modifier durability. These factors improve the quality of the shifts and reduce the noise, vibration and harshness experienced as the fluid ages. Better friction performance provides more consistent clutch application—even across temperature variations and load sizes.

The robust formulation of TES 668 meets the most demanding specs related to fluid stability, lubrication and cold operation. This allows Allison to back long drain intervals, even when operating under heavy loads. TES 668 is specified for Allison products to ensure ideal operation. There are a range of problems that come from using an unapproved fluid in an Allison product, such as seal and friction issues, which will impact overall product durability. Using genuine automatic transmission fluid from an Allison Approved or Authorized partner is key to optimum performance and the long-lasting durability of Allison’s products.

“We are pleased to offer the enhanced fluid. This is yet another example of how Allison strives to continually progress our products and services with our mission of improving the way the world works,” said Brian Geiselhart, Allison Transmission Managing Director, Global Channel, Aftermarket & Warranty.

Allison Transmission is in the process of providing additional approvals for multiple oil marketers and our website will continually be updated to reflect that. Click here for the full list of TES 668 approved vendors.

-###-

About Allison Transmission

Allison Transmission (NYSE: ALSN) is the world’s largest manufacturer of fully automatic transmissions for medium- and heavy-duty commercial vehicles and medium- and heavy-tactical U.S. defense vehicles, as well as a supplier of commercial vehicle propulsion solutions, including electric hybrid and fully electric propulsion systems. Allison products are used in a wide variety of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (school, transit and coach), motorhomes, off-highway vehicles and equipment (energy, mining and construction applications) and defense vehicles (wheeled and tracked). Founded in 1915, the company is headquartered in Indianapolis, Indiana, USA. With a market presence in more than 80 countries, Allison has regional headquarters in the Netherlands, China and Brazil with manufacturing facilities in the U.S., Hungary and India. Allison also has approximately 1,500 independent distributor and dealer locations worldwide. For more information, visit allisontransmission.com.


Contacts

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LONDON--(BUSINESS WIRE)--#GlobalJetFuelMarket--Technavio has been monitoring the jet fuel market and it is poised to grow by USD 60.23 billion during 2020-2024, progressing at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.



Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions-

  • Based on segmentation by application, which is the leading segment in the market?
  • The commercial segment is expected to be the leading segment based on application in the global market during the forecast period.
  • What are the major trends in the market?
  • Growing focus on biofuels is one of the major trends in the market.
  • At what rate is the market projected to grow?
  • Growing at a CAGR of over 5%, the incremental growth of the market is anticipated to be USD 60.23 billion.
  • Who are the top players in the market?
  • BP Plc, Chevron Corp., Exxon Mobil Corp., Indian Oil Corp. Ltd., PetroChina Co. Ltd., Qatar Petroleum, Rosneft Oil Co., Royal Dutch Shell Plc, Saudi Arabian Oil Co., and TOTAL SA. are some of the major market participants.
  • What are the key market drivers?
  • Popularity of air transportation is one of the major factors driving the market.
  • How big is the APAC market?
  • The APAC region will contribute 36% of market growth.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. BP Plc, Chevron Corp., Exxon Mobil Corp., Indian Oil Corp. Ltd., PetroChina Co. Ltd., Qatar Petroleum, Rosneft Oil Co., Royal Dutch Shell Plc, Saudi Arabian Oil Co., and TOTAL SA. are some of the major market participants. The popularity of air transportation will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Jet Fuel Market 2020-2024: Segmentation

Jet Fuel Market is segmented as below:

  • Application
    • Commercial
    • Others
  • Geography
    • APAC
    • Europe
    • MEA
    • North America
    • South America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40327

Jet Fuel Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The jet fuel market report covers the following areas:

  • Jet Fuel Market Size
  • Jet Fuel Market Trends
  • Jet Fuel Market Analysis

This study identifies growing focus on biofuels as one of the prime reasons driving the jet fuel market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Jet Fuel Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist jet fuel market growth during the next five years
  • Estimation of the jet fuel market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the jet fuel market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of jet fuel market vendors

Table of Contents:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Preface
  • 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Value chain analysis
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2019
  • Market outlook
  • Market size and forecast 2019-2024

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY APPLICATION

  • Market segmentation by application
  • Comparison by application
  • Commercial - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by application

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Growing focus on biofuels
  • Increasing efficiency of airplanes
  • Emergence of electric aircraft

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • BP Plc
  • Chevron Corp.
  • Exxon Mobil Corp.
  • Indian Oil Corp. Ltd.
  • PetroChina Co. Ltd.
  • Qatar Petroleum
  • Rosneft Oil Co.
  • Royal Dutch Shell Plc
  • Saudi Arabian Oil Co.
  • TOTAL SA

PART 14: APPENDIX

  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


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MINNEAPOLIS--(BUSINESS WIRE)--C.H. Robinson Worldwide, Inc. (“C.H. Robinson”) (Nasdaq: CHRW) announced today that its Board of Directors has appointed Kermit Crawford as a new director. Crawford currently sits on the board of directors at TransUnion, serving in this capacity since 2019, and is a member of TransUnion’s Audit and Compliance Committee as well as the Technology, Privacy and Cybersecurity Committee. Crawford has also served on the board of directors for The Allstate Corporation since 2013 and is currently Chair of the Audit Committee, as well as a member of the Risk and Return Committee.


“We are excited to have Kermit join C.H. Robinson’s Board of Directors and look forward to his contributions,” said Scott P. Anderson, Chairman of the Board of C.H. Robinson. “Kermit is a seasoned executive, with more than 30 years of experience in the retail industry. His operating experience at trusted national brands dedicated to providing an excellent customer experience will be an asset for our Board and will serve our company and shareholders well.”

Crawford, 61, served as president and chief operating officer of Rite Aid Corporation from 2017 to 2019. Prior to Rite Aid, he was an operating partner and advisor with private equity firm Sycamore Partners from 2015 to 2017. He previously worked for Walgreens from 1983 to 2014 and he served in multiple roles of increasing responsibility, including executive vice president and president of Pharmacy, Health and Wellness and executive vice president and senior vice president of Pharmacy Services. Crawford holds a Bachelor of Science from The College of Pharmacy and Health Sciences at Texas Southern University.

“Kermit brings a vast array of experiences from his more than 30 years in leadership in a dynamic business sector,” said Bob Biesterfeld, Chief Executive Officer of C.H. Robinson. “His deep background driving innovative operating models, as well as delivering a great customer experience for both businesses and consumers, make him a welcome addition to our Board.”

Crawford has received many honors for his expertise and contributions. Chain Drug Review honored him with the Lifetime Achievement Award in 2014, and Drug Store News presented him with its 2014 Pharmacy Innovator Award. Savoy Magazine named Crawford one of the Top 100 Most Influential Blacks in Corporate America in 2018, and Black Enterprise Magazine named Crawford to its prestigious list of America’s Most Powerful Black Directors in 2018.

“I am honored to join C.H. Robinson’s Board of Directors,” said Kermit Crawford. “C.H. Robinson is a highly regarded market leader known for its customer-centric execution, transformational technology and strong financial performance. I believe the company is well positioned for future success, and I look forward to adding my insights and voice to the board.”

About C.H. Robinson

C.H. Robinson solves logistics problems for companies across the globe and across industries, from the simple to the most complex. With nearly $20 billion in freight under management and 18 million shipments annually, we are one of the world’s largest logistics platforms. Our global suite of services accelerates trade to seamlessly deliver the products and goods that drive the world’s economy. With the combination of our multimodal transportation management system and expertise, we use our information advantage to deliver smarter solutions for our more than 119,000 customers and 78,000 contract carriers. Our technology is built by and for supply chain experts to bring faster, more meaningful improvements to our customers’ businesses. As a responsible global citizen, we are also proud to contribute millions of dollars to support causes that matter to our company, our Foundation and our employees. For more information, visit us at www.chrobinson.com (Nasdaq: CHRW).

Source: C.H. Robinson

CHRW-IR


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DUBLIN--(BUSINESS WIRE)--The "Solar Cooker Market - Global Industry Perspective, Comprehensive Analysis and Forecast 2020-2026" report has been added to ResearchAndMarkets.com's offering.


Global demand for solar cooker market was valued at approximately USD 1,845.0 Million in 2019, and is expected to generate revenue of around USD 3,209.3 Million by end of 2026, growing at a CAGR of around 8.7% between 2020 and 2026.

Growing awareness for the use of renewable energy along with escalating prices of non renewable energy drives the solar cooker market. Government support and funding for the use of solar energy also stimulates the growth of solar cooker market. Also, development of new technologies utilizing solar energy along with introduction of cost efficient technologies compared to conventional energy sources foster the demand for the solar cooker market. However, lack of awareness among the developing countries and maturation of the solar cooker market in the developed countries may inhibit the growth of solar cooker market. Nevertheless, untapped opportunities from the emerging economies are likely to open new avenue in the near future.

The report provides a comprehensive view on the solar cooker market we have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of Porter's Five Forces model for the solar cooker market has also been included. The study encompasses a market attractiveness analysis, wherein type segments are benchmarked based on their market size, growth rate and general attractiveness. The report also analyzes several driving and restraining factors and their impact on the market during the forecast period.

Various types of solar cooker are designed according to the intensity of exposure to the sun and according to the type of food to be cooked in. Solar panel cooker, solar parabolic cooker and solar box cooker are the types of solar cooker. Solar box cooker is the most widely known and used cooker due to easy and safe operating with no regulation required. The solar panel cooker consists of vessel kept in the center of the reflective panel to concentrate the radiations on the vessel. The solar panel is highly efficient as compared to solar box cooker. For obtaining high temperatures for grilling and frying food solar parabolic cooker is utilized. The only drawback for using of parabolic cookers is, they need to be adjusted according to the sun rays frequently for achieving high temperature and efficiency.

Asia Pacific and Latin America are the fastest growing market for the solar cooker market and is expected to accelerate the growth rate in the coming years. This is mainly attributed to the factors such as rising awareness along with accomplishment from the government for developing techniques for the use of solar energy. To meet the unmet demands for petroleum products such as use of LPG for cooking food from the escalating population, solar cooker are used on large scale. However, due to saturated market, North America and Europe are expected to exhibit steady growth during the forecast period. However, the U.S. is the largest producer for solar box cooker followed by China.

Scope of the Report

Key Players in the Market:

  • Solar Cookers International
  • Sunrise Global Solar Energy
  • Sun Fire Rudra Solar Energy
  • Sun Oven

Solar Cooker Market: Type Segment Analysis

  • Solar panel cooker
  • Solar parabolic cooker
  • Solar box cooker

Solar Cooker Market: Regional Segment Analysis

  • North America
  • U.S.
  • Europe
  • UK
  • France
  • Germany
  • Asia Pacific
  • China
  • Japan
  • India
  • Latin America
  • Brazil
  • Middle East & Africa

For more information about this report visit https://www.researchandmarkets.com/r/z5j1n6


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