The global Maritime surveillance and intervention market size was valued at USD 19.94 billion in 2022. The market is projected to grow from USD 22.18 billion in 2023 to USD 35.87 billion by 2030, registering a CAGR of 7.1% during the forecast period. Maritime surveillance and intervention systems play a crucial role in enhancing maritime security by optimizing operations and conducting reconnaissance activities.
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Industrial Hemp Market Trend Analysis, Growth Status, Revenue and Forecast to 2030

The global industrial hemp market size was valued at USD 6.63 billion in 2022. The market is projected to expand from USD 7.90 billion in 2023 to USD 31.98 billion by 2030 at a CAGR of 22.11% over the estimated period. The surge is driven by the increasing product demand across various applications. These include textiles, dietary supplements, foods, and food and beverage sectors.

Leading Players Featured in the Research Report:

Companies leading in Industrial Hemp Market Are Fresh Hemp Foods Ltd. (Canada), IND HEMP, LLC. (U.S.), Blue Sky Hemp Ventures (Canada), Panda Biotech, LLC (U.S.), Hemp Republic (India), South Hemp Tecno Srl (Italy), HEMP FACTORY (Germany), East Mesa (U.S.), DON Processing, Inc. (U.S.), HempFlax Group B.V. (Netherlands)

Segmentation:

Conventional Segment to Register Notable Expansion Impelled by Soaring Affordability

On the basis of source, the market is subdivided into conventional and organic. The conventional segment is poised to grow at a considerable pace over the forecast period. The growth is propelled by the increasing product deployment in furniture, biofuels, bioplastics, and construction and materials sectors.

Hemp Fiber to Gain Traction Owing to Surging Application

Based on type, the market for industrial hemp is fragmented into hemp seed oil, hemp seed, hemp fiber, and others. The hemp fiber segment accounted for a dominating share in the global market and is set to register substantial growth throughout the study period. The rise is impelled by surging product adoption across an array of industries such as paper, automotive, and textile.

Textile Segment to Lead Due to Rising Adoption of Sustainable Practices

On the basis of application, the market is segmented into personal care & cosmetics, food (dietary and functional foods), pharmaceuticals, beverages, and others. The textile segment held a dominating share of the market and is poised to register an appreciable surge over the anticipated period. The expansion is on account of escalating consumer awareness regarding climate and environmental change.

Based on geography, the market for industrial hemp has been studied across Europe, North America, Asia Pacific, South America, and the Middle East & Africa.

Drivers and Restraints:

Surge in Market Value Driven by Growing Government Support and Escalating Legalization

Industrial hemp market growth is being driven by the increasing government support regarding the cultivation of the product. Hemp cultivation is further favored by soaring legalization in various countries.

However, the industry expansion could be hampered by strict regulations regarding the sale, marketing, and cultivation of the product in some countries.

Regional Insights:

Europe is dominating the Consumption of Industrial Hemp owing to Growing Legalization

Europe industrial hemp market share is touted to grow at a considerable pace over the study period. The surge is propelled by the surging product usage across an array of end-user sectors such as pharmaceuticals, cosmetics, construction materials, textiles, and others.

In North America, the U.S. and Canada dominate the market for industrial hemp. Meanwhile, demand across the Asia Pacific is slated to surge as awareness about the industrial uses of hemp rises.

Competitive Landscape:

Key Companies Ink Collaborations for Footprint Expansion

Leading industry participants are formulating and implementing a series of strategic initiatives for strengthening their business positions. These include acquisitions, merger agreements, partnerships, and others. Additional steps include the formation of alliances, R&D activities, and the launch of new products.

Key Industry Development:

March 2020 – The Uzbekistan government legalized cannabis cultivation. The license was assigned to cultivators with a THC (tetrahydrocannabinol) level of less than 0.2%.

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Cell and Gene Therapy Manufacturing QC Market Outlook and Growth Report 2033

The Cell and Gene Therapy Manufacturing QC Market was valued at $1.95 billion in 2022 and is anticipated to reach $10.65 billion by 2033, witnessing a CAGR of 16.85% during the forecast period 2023-2033.

Explore detailed insights at: https://bisresearch.com/indust....ry-report/cell-gene-

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Sugar Alcohol Market Analysis, Segmentation, Growth, Trends, Demand and Regional Forecast by 2027

The global sugar alcohol market size is projected to reach USD 6.70 Billion by 2027 backed by increasing demand for gluten-free food products across the globe. The market was worth USD 3.61 Billion in 2019 and will exhibit a CAGR of 7.75% between 2019 and 2027.

Sugar Alcohol also known as polyols are turning out to be the fast emerging alternative to sugar. Though they bore similar resemblance to sugar considering their texture and taste, they contain far less caloric content and fewer health hazards when consumed. In addition to this, several studies have shown that consumption of polyols may lead to improving the health of the consumer. Furthermore, they are hybrids between sugar molecules and alcohol molecules and are present in several fruits and vegetables. Though there are organic polyols, there are few processed from sugars such as cornstarch and glucose.

Drivers and Restraints:

Increasing Demand for Gluten-free Food Products to Bolster Growth

Gluten-free food is turning out to be popular among the people across the globe. An array of benefits such as improved cholesterol levels, better digestive health, increased energy levels, and aiding weight-loss, among others provided by gluten-free diet is driving the companies to launch products to ushers into the popularity of the diet. Glucose syrup that includes polyols such as maltitol and sorbitol are extensively used across several regions. Furthermore, growing demand for corn-based glucose syrup that is believed to be gluten-free is expected to drive the growth of the market during the forecast period.

Regional Analysis:

Europe to Remain Dominant; High Demand for Sugar-Free Confectionary Products to Promote Growth

Among the regions, Europe is expected to remain at the forefront and register maximum global Sugar Alcohol market revenue during the projected horizon. Additionally, the region registered a high market share of USD 1.23 Billion in 2019 and is further anticipated to rise backed by growing demand for sugar-free confectionary products among the population. Furthermore, fast-paced lifestyle is leading to a growing consumption of processed foods in several countries of Europe that will aid the market growth. North America, on the other, is anticipated to be the second-most leading region in the forthcoming years. This is ascribable to factors such as increasing prevalence of diabetic patients in the U.S. Furthermore, the widespread effects of COVID-19 in the regions is propelling the demand for hand-sanitizers that will boost the demand for the market during the forecast period.

The market in Asia-Pacific is expected to witness substantial growth in the forthcoming years. This is attributable to factors such as presence of large population in the region. Furthermore, high production of polyols in the countries such as China and India will contribute to the market growth.

Competitive Landscape:

Companies Collaborating to Combat COVID-19 to Augur Growth

According to the report, the market comprises of several small, medium, and large companies striving to gain maximum market share by consolidating their position during the forecast period. In addition to this, the companies are collaborating with each other to fight the global pandemic, Covid-19 and mitigate the threat to get back the economy on track. For instance, in March 2020, amid the widespread effect of novel coronavirus that has caused the scarcity of hand sanitizes, Gull New Zealand, a renowned petroleum company, announced that it would provide over 340,000 liters of ethanol along with Sugar Alcohol to manufacture hand disinfectants. This move is expected to fill the void caused due to scarcity of hand sanitizers across several regions that will prove beneficial to fight the pandemic

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Vibration Monitoring Market to Witness Robust Expansion Throughout the Forecast Period 2023 – 2032

Market Overview

According to MRFR analysis, The size of vibration monitoring market is expected to reach USD USD 1.5 Billion by forecast 2030, with a CAGR of 6.5% during the forecast period. The worldwide vibration monitoring market's growth is primarily being driven by the widespread use of vibration monitoring systems in various industrial sectors as a significant component of their safety features during the assessment period. The enormous rise of the manufacturing and other industries brought on by quick industrialization and globalisation is driving the expansion of the vibration monitoring market globally. The advantages of vibration monitoring systems for spotting equipment faults and deterioration before they manifest other symptoms like lubricant impurity, high energy consumption, and others are fueling demand for advanced vibration monitoring systems and driving the growth of the global vibration monitoring market.

Regional Analysis

North America to Lead Vibration Monitoring Market

During the projection period, North America will lead the market. Growing adoption of technologically advanced solutions in various end use industries, an increase in the number of manufacturers offering vibration monitoring solutions, the presence of leading market players, increased R&D activities, and the ease with which advanced technology can be adopted in various end use industries are all contributing to the region's global vibration monitoring market growth. Furthermore, increased usage in the United States contributes to market growth.

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Key Players

The major players profiled by MRFR that are operating in the global vibration monitoring market are Honeywell International Inc. (the U.S.), Emerson Electric Co. (the U.S.), General Electric (the U.S.), Analog Devices Inc. (the U.S.), SKF AB (Sweden), National Instruments Corp. (the U.S.), Rockwell Automation, Inc. (the U.S.), Schaeffler Technologies AG & Co. KG (Germany), Bruel & Kiaer Sound & Vibration Measurement A/S (Denmark), and Meggitt PLC (the U.K.), and others.

Introduction:

Vibration monitoring plays a crucial role in ensuring the smooth operation and longevity of various industrial machinery and equipment. With advancements in technology and the growing demand for efficient and reliable operations, the vibration monitoring industry has witnessed significant growth in recent years. In this blog post, we will delve into the fascinating world of vibration monitoring, exploring its key applications, market trends, and future prospects.

Understanding Vibration Monitoring:

Vibration monitoring involves the measurement and analysis of vibrations in machinery and structures to detect any abnormalities or potential faults. By continuously monitoring vibrations, engineers and technicians can identify early warning signs of equipment malfunctions, allowing for timely maintenance and minimizing the risk of costly breakdowns or accidents.

Key Applications of Vibration Monitoring:

Manufacturing Sector: Vibration monitoring is extensively used in the manufacturing sector to monitor the health of critical machinery such as pumps, motors, compressors, and turbines. By detecting and analyzing vibrations, manufacturers can optimize maintenance schedules, reduce downtime, and enhance overall productivity.
Oil and Gas Industry: The oil and gas industry heavily relies on vibration monitoring to ensure the reliable and safe operation of equipment, including pumps, generators, and drilling systems. By detecting potential faults or imbalances, vibration monitoring helps prevent catastrophic failures and ensures the uninterrupted flow of operations in this vital sector.
Power Generation: Vibration monitoring is crucial in power generation facilities, including conventional power plants, wind farms, and hydroelectric stations. By continuously monitoring the vibrations in turbines, generators, and transformers, operators can detect irregularities and proactively address maintenance needs, maximizing efficiency and reducing downtime.
Market Trends and Growth Drivers: The vibration monitoring industry has experienced substantial growth, driven by several key factors:

Technological Advancements: The integration of advanced technologies such as artificial intelligence (AI), machine learning (ML), and the Internet of Things (IoT) has revolutionized vibration monitoring systems. These advancements have enhanced the accuracy and efficiency of data collection, analysis, and predictive maintenance, leading to increased adoption across industries.

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