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Industrial Gases Market worth $137.9 billion by 2028 – Exclusive Report by MarketsandMarkets™

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CHICAGO, Feb. 13, 2024 /PRNewswire/ — The report “Industrial Gases Market by Type (Oxygen, Nitrogen, Hydrogen, Carbon Dioxide, Acetylene, Inert Gases), End-use Industry (Chemicals, Electronics, Food & Beverages, Healthcare, Manufacturing, Metallurgy, and Refining), and Region – Global Forecast to 2028″, Industrial Gases Market is projected to grow from USD 105.6 billion in 2023 to USD  137.9 billion by 2028 at a CAGR of 5.5%.

The growing healthcare industry is serving as a major catalyst for the robust growth of the industrial gases market. Industrial gases, such as oxygen, nitrogen, and carbon dioxide, play indispensable roles in various medical applications, including respiratory therapies, medical imaging, and pharmaceutical manufacturing. As the healthcare sector continues to expand globally, driven by an aging population, technological advancements, and increased emphasis on healthcare infrastructure, the demand for industrial gases in critical medical processes is witnessing a significant surge, solidifying their pivotal role in supporting and advancing healthcare services.

Browse in-depth TOC on “Industrial Gases Market”.

158 – Tables
49 – Figures
212– Pages

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“By Type, Hydrogen is expected to be third fastest growing gas after Oxygen and Nitrogen during the forecast period.”

Hydrogen stands as the third fastest-growing industrial gas, following oxygen and nitrogen, owing to its versatile applications across diverse industries. Widely recognized for its role in petroleum refining and chemical synthesis, hydrogen is gaining prominence in the emerging field of green energy. It serves as a clean fuel for fuel cells, a promising technology for electric vehicles and stationary power generation. Additionally, hydrogen is integral to industries such as electronics, where it is used in the production of semiconductors, showcasing its pivotal position in advancing both traditional and cutting-edge industrial applications.

“By End-use Industry, food and beverages industry to be the fastest growing end-use industry.”

The food and beverages industry has emerged as the fastest-growing end-use sector in the industrial gases market, driven by an increasing focus on food preservation, quality enhancement, and innovative processing methods. Industrial gases, such as nitrogen and carbon dioxide, play pivotal roles in various applications within this sector. In food preservation, the controlled atmosphere provided by nitrogen helps extend the shelf life of perishable goods, preventing oxidation and microbial growth. Additionally, carbon dioxide is widely used in the carbonation of beverages, contributing to the effervescence in sodas and sparkling drinks.

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Europe is the third largest market after Asia Pacific and North America during the forecast period.”

As the semiconductor industry experiences growth and innovation under the European Chips Act, there is a corresponding opportunity for the industrial gases market in Europe. The increased emphasis on electronic components’ design, manufacturing, and integration into systems, as well as the support for research and innovation in next-generation microprocessors, is likely to spur demand for industrial gases in manufacturing processes, particularly in semiconductor fabrication. This aligns with the broader goal of supporting the digital transformation of the economy and society, fostering advancements in technology, and contributing to the objectives outlined in the European Green Deal, ultimately propelling the growth of the industrial gases market in Europe.

The leading players in the industrial gases market are Air Liquide (France), Linde plc (England), Air Products & Chemicals, Inc. (US), Messer SE & Co. KGaA (Germany), and Nippon Sanso Holdings Corp. (Japan).

Browse Adjacent Market: Mining, Minerals and Metals Market Research Reports & Consulting

Related Reports:

Industrial Nitrogen Market – Global Forecast to 2022

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MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

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Flash News: OKX Lists DGB and ENJ Tokens on its Perpetual Futures Market

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NASSAU, The Bahamas, March 1, 2024 /PRNewswire/ — OKX, a leading Web3 technology company, has issued updates for the day of March 1, 2023.

OKX Lists DGB and ENJ Tokens on its Perpetual Futures Market

OKX is pleased to announce the listing of DGB and ENJ on its perpetual futures market. Starting from 8:30 am (UTC) on March 1, 2024, users are able to trade DGB/USDT with up to 20x leverage. DGB margin trading and Simple Earn have also been enabled at 10:30 am (UTC) on the same day.

In addition, the ENJ listing has arrived at OKX at 10:30 am (UTC) on March 1, 2024. Users will have the opportunity to trade ENJ/USDT with up to 20x leverage. ENJ margin trading and Simple Earn have also been introduced at 10:00 am (UTC) on the same day.

The updates apply to both web and app interfaces as well as the API.

OKX is committed to providing a diverse range of trading solutions and listings. The inclusion of DGB and ENJ to its perpetual futures market is part of this ongoing commitment.

For more information, please visit the Support Center.

About OKX

OKX is a leading global crypto exchange and innovative Web3 company. Trusted by more than 50 million global users, OKX is known for being the fastest and most reliable crypto app for traders everywhere.

As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3.

The OKX Wallet is the platform’s latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.

OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.

To learn more about OKX, download our app or visit: okx.com

Disclaimer

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Ethernet Test Equipment Market Poised for Growth: New Report Forecasts 5.41% CAGR Through 2027, Driving Factors Revealed

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DUBLIN, March 1, 2024 /PRNewswire/ — The “Global Ethernet Test Equipment Market 2023-2027” report has been added to  ResearchAndMarkets.com’s offering.

The global Ethernet test equipment market is set to experience a significant growth spurt, with a new market research report projecting an acceleration at a compound annual growth rate (CAGR) of 5.41% between 2022 and 2027. Experts predict an increase in market value of USD 594.84 million during the forecast period, underlined by key trends, opportunities, and drivers that pave the way for the future of the Ethernet test equipment industry.

Demand for High-Speed Ethernet Augments Market Expansion

The quest for enhanced data transmission speeds spurs the demand for high-performance Ethernet solutions, and consequently, the equipment to test them. The market is set for an upward trajectory, bolstered by the increasing necessity for high-speed Ethernet across various industry verticals. This dynamic growth is further propelled by the expansive development of data centers, which forms a critical component in supporting the surge in market demand.

Industrial Ethernet Takes Center Stage in Manufacturing and Automotive Sectors

Segmentation of the market indicates that the Ethernet test equipment industry is not just flourishing in the telecommunication sector but is also carving a significant niche in automotive and manufacturing. As industrial Ethernet begins to replace traditional fieldbus systems, the need for sophisticated testing solutions intensifies, ensuring robust performance and compliance with emerging standards.

Geographical Insights Reveal North America and APAC as Key Market Leaders

Analyzed by geographical regions, the report highlights North America and the Asia-Pacific (APAC) region as pivotal players within the Ethernet test equipment market. Both regions showcase an impressive concentration of technological advancements and industry growth that contribute significantly to the market’s overall development.

Technological Innovations Spearhead Market Growth

Next-Gen Power over Ethernet and Automotive Testing Innovations

Upcoming innovations, such as the new-generation Power over Ethernet (IEEE 802.3bt), are among the primary growth factors cited. Enhancements in power capabilities are anticipated to open new use cases in the market, thereby stimulating further expansion. The growing demand for testing solutions within the automotive industry also marks a pivotal trend, reflecting the escalating integration of Ethernet systems in vehicular networks.

Up-to-the-minute Market Scenario AnalysisInsights on Market Dynamics and Environmental ImpactIn-depth Industry Challenges and Vendor Landscape Examination

The study presents a thorough synthesis of primary and secondary information, including invaluable insights from key industry players. It paints a comprehensive picture of the market and provides a detailed vendor landscape, geared towards helping businesses understand their competitive positioning and identifying growth opportunities.

This report stands as an indispensable tool for stakeholders seeking to navigate the complexities of the Ethernet test equipment sector and capitalize on the emerging trends forecasted for the next four years.

The Ethernet test equipment market is teeming with innovation and growth prospects. With these latest insights, industry participants can strategize effectively to harness the potential that lies in the burgeoning demand across the globe.

Companies Profiled:

Agilent Technologies Inc.Anritsu Corp.EXFO Inc.SilvertelKeysight Technologies Inc.Spirent Communications plcTeledyne Technologies Inc.Xena Networks ApSYokogawa Electric Corp.Accedian Networks Inc.GAO Group Inc.GL Communications Inc.IDEAL INDUSTRIES Inc.Marvell Technology Inc.NetScout Systems Inc.Sifos Technologies Inc.TE Connectivity Ltd.VeEX Inc.Viavi Solutions Inc.Beijing Xinertel Technology Co. Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/r6xi3q

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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Yarbo Wins Multiple Awards in iF DESIGN AWARD 2024

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BERLIN, March 1, 2024 /PRNewswire/ — Yarbo is the proud recipient of three awards in this year’s iF DESIGN AWARD, the world-renowned design prize. The winning products, 3-in-1 Intelligent Yard Care Robot and Yarbo Intelligent Snow Blower received the award in the “Product” discipline, while the Yarbo app were honored in the “User Interface (UI)” discipline.

The iF DESIGN AWARD, now in its 70th year, is one of the most important design prizes in the world and has been recognized as an arbiter of quality for excellent design. The iF label is a reliable sign of good design for consumers and the design community.

This year’s screening process was highly competitive, with the award receiving almost 11,000 entries from 72 countries in hopes of receiving the seal of quality. Following a rigorous online preselection process, Yarbo’s products emerged as top contenders among the final 50% of entries, securing their place in the prestigious final round of judging. Among all the high-quality entries across the globe, Yarbo’s robot and app products eventually won over the 132-member jury, made up of independent experts from all over the world for their innovative concept and unique design.

The recognition of Yarbo’s products by the iF Final Jury underscores the company’s status as a pioneer in the industry. Yarbo transforms traditional yard maintenance by addressing tasks that are typically labor-intensive, time-consuming, and potentially dangerous. By automating yard work and reducing reliance on manual labor, providing fast and reliable solutions for snow removal and lawn mowing, Yarbo improves users’ quality of life, particularly benefiting those with disabilities or of an advanced age. Moreover, Yarbo presents a cost-effective solution by offering a universal body (Yarbo Core) featuring interchangeable modules, replacing expensive lawn care and snow removal services. All of these contribute to redefining residential outdoor experiences and leading to a superior yard maintenance experience.

About Yarbo

Yarbo is a pioneering technology company at the forefront of smart yard maintenance solutions. With a strong focus on independent R&D technology, Yarbo is dedicated to providing smart yard robots offering a diverse range of multi-functional services.

Currently, Yarbo’s product lineup encompasses Snow Blower S1, Lawn Mower M1, and Blower B1. The newly introduced modules ranging from Vision IQ to S1 Plus and M1 Pro, as well as the add-ons, the Granular Spreader and Liquid Spreader, further simplify yard care tasks. Yarbo’s commitment to innovation extends to a wider range of yard maintenance solutions, encompassing irrigation, debris and leaf vacuuming, plowing, trimming, security patrol, and more. Discover more about Yarbo’s innovations at https://www.yarbo.com/.

 

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