TECHNOLOGY FACTS

PET Containers Market Growth with New Projects and Investment Analysis

The global PET containers market was valued at US$ 56.2 billion in 2017. The market is expected to expand by 1.3X in the next five years by value.

PET containers are one of the rigid cost-effective packaging solutions for packaging of mineral water, carbonated drinks, ready-to-drink beverages, and other food applications among its counterparts.

Significant growth in the demand for single-serve beverages is driving the growth for PET containers. PET containers such as bottles are an economical packaging solution for the carbonated soft drinks, bottled water, edible oil, and other personal care & household products. Demand for the PET containers has grown significantly in the last 5-10 years due to the high growth in the consumption of convenient food & beverages products, such as carbonated soft drinks, ready-to-drink tea, coffee, and juices in the developed as well as developing countries. More than 500 billion PET bottles are used globally for the packaging of different goods in the food & beverages, chemical, household, personal care and other industries.

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Among them, beverages segment dominates the market with the highest number of PET containers used for soft drinks and bottled water packaging applications. PET containers that are used for single serve ready-to-drink coffee, which didn’t exist a few years ago, comprises of more than 30% of the total coffee sold at grocery stores in the U.S. It was stated that the single-serve coffee market in the U.S. witnessed a compound annual growth rate of about 75% between 2007 and 2012, which is expected to be a primary driver of the PET containers market for beverages sector in the country.

The APEJ region is the leading contributor to the global PET containers market. The market for PET containers in China and India are expected to forefront the APEJ PET containers market growth during the forecast period. Countries in the APEJ region, such as India, ASEAN, etc. have witnessed rapid penetration of modern retail outlets, especially in the urban areas, which have indirectly affected the market for PET containers.

Easy admittance towards hypermarkets and supermarkets has enabled an increase in the consumption of beverages, such as soft drinks, in PET containers. This has enabled beverage manufacturers such as PepsiCo and the Coca-Cola Company to invest heavily in the areas of production, enhancing their manufacturing capacity and ramping up their supply chain, all of which has headed to an increasing demand for PET containers solutions for beverages.

High-demand for sustainable packaging solutions is expected to be the key driver for the growth of the Western Europe PET containers market over the forecast period, 2018 – 2028. In addition, PET containers are also expected to enjoy high preference during the next ten years. This is due to the fact that PET containers are affordable and can be recycled. Customers in the developed countries have become more health conscious and are switching from sugary soft drinks to the healthier and more natural drinks. The volume sales of PET containers for water has grown at more than 10% for the past few years in the U.S., Germany, Italy, etc.

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Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

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Beauty Oils Market Key Facts And Insights On Future Scenario To 2022

The growing allure of natural ingredients and products among consumers of the personal care industry is underpinning various growth trajectories of the beauty oils market. These oils contain various plant-based and natural ingredients which are being used for their wide functional and aesthetic benefits, thereby propelling the growth of the beauty oils market. The rising adoption of organic ingredients in beauty oils seems to have set a new normal in the personal care industry, thereby supporting the attractiveness of the beauty oils market. The natural and non-toxic claims made by a growing number of personal care products in various developing and developed regions is a key trend that has imparted a robust momentum to the beauty oils market growth.

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Beauty oils are proving to increasingly promising for repairing and protecting skin, hair, nails, and body against environmental damage and aging, which supports the thriving demand for beauty oils in the personal care and beauty industry, world over. The rising demand for beauty oils among consumers can be attributed to several antimicrobial, moisturizing, and anti-inflammatory properties the ingredients have. Over the past few years, a growing body of scientific evidence has emerged to support several of these properties. This has boosted the beauty oils market. The rising use of some of the types of beauty oils for treating acne-prone skin and for countering hyperpigmentation among consumers underpins the rising evolution of the beauty oils market. A large part of the functional benefits is on the account of the antioxidants properties some of the beauty oils such as argan oil.

Over the past few years, the beauty oils market has gathered large momentum from the rising use of beauty oils in an assortment of hair care personal products. This is increasingly driven by the rising use of hair products containing beauty oils as heat protectant and for countering dandruff problems. In the coming years, as more consumers warm up to the functional benefits of beauty oils in hair care products, the beauty oils market will keep witnessing new frontiers.

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Orange-based beauty oils have gained immense popularity in the personal care and cosmetics industry. The extensive demand for this category in the global beauty oils market is on account for their marked anti-inflammatory and antiseptic properties. The rising efforts by personal care brands in launching advanced formulations my using a mixture of beauty oils is also expected to increasingly benefit the expansion of the market.

The report offers a detailed assessment and evaluation of the growth dynamics of the global beauty oils market. The analyses drill into the prevailing lucrative prospects and promising avenues in the beauty oils market in various regions. The insights will help various stakeholders and new entrants to gauge the level of competition emerging in the beauty oils market and understand the impact of strategies.

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One Component Foam Market Detailed Analysis and Growth Prospects with Top Key Players

Tier I companies in the one component foam market hold the revenue share of around 35-40% and Tier II & III stakeholders account for 25-30% and 30-35% revenue shares, respectively. The one component foam market is expected to remain highly fragmented with the presence of a large number of stakeholders in the market in several regions.

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Frontrunners have adopted strategies to grow inorganically in the one component foam market, by acquiring local market players and through partnerships and joint ventures. The presence of top-tiered market players and needs for high initial investments create barriers to entry for Tier II & III stakeholders. However, they are paving their way in the market by introducing application-specific features of one component foams to target a wide range of end-users.

One component foam is commonly used as an insulation material in the construction industry, especially as a construction sealant. Extraordinary characteristics of one component foam as adhesives and sealants are leading to creating more sales opportunities for market players in the global construction industry.

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The revival of the construction industry in developed regions such as North America and Europe, and recent infrastructural developments in emerging countries has spurred the rise of the one component foam market. One component foam manufacturers are focusing on improving characteristics and features to suit specific needs of end-users from the construction industry to bolster sales with exponentially growing construction industry. Additionally, the recent trend of sandwich paneling has provided a boost to the use of one component foam as a construction sealant. Thereby, innovations in the construction industry are likely to diversify the applications of one component foam, which will influence growth prospects of the one component foam market in the upcoming years.

Foreseeing the environmental impacts of one component foam, especially spray foam, various governmental organizations as well as nonprofit environmental organizations across the globe have proposed to regulate the manufacturing and marketing of one component foam. Renowned governing bodies, such as the U.S. Environmental Protection Agency (EPA) and Europe’s REACH (Registration, Evaluation, Authorisation and Restriction of Chemicals), have established a regulatory framework to mitigate the negative impacts of potential chemical exposures through one component spray foams on the environment, indoor air quality, and human health. As end-users are becoming aware of the importance of indoor air quality and environmental impacts of harmful chemicals in one component foams, especially spray foams, manufacturers in the one component foam market are shifting their focus on the chemical compositions, and potential health risks of one component foam to comply with stringent regulations and sync with the needs of environmentally conscious end-users.

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Potato Flakes Market Is Thriving Worldwide including Key Players

The potato flakes market is likely to benefit from expansion of retail chains, both digital and physical, in combination with increasing product lines and product portfolios of established players. The retail sector witnessing a robust rise worldwide across various domains of consumer products, and potato flakes are no exception. While focusing on the production of high-quality, light-weight potato flakes, leading companies are strengthening their online presence to extend their market reach and gain higher shares.

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Rapid urbanization and growing GHDI of consumers has enhanced their expenditure on ready-to-eat and processed food products, which partly offers relaxation in their increasingly hectic regime. Rising demand for such food is further rubbing off on growth of the potato flakes market, and the status quo is likely to prevail between the period 2018 and 2028, according to a recently published report of Fact.MR. The report opines that demand for potato flakes, which are rich in carbohydrate and contain imperative minerals, will ride the coattails of shifting consumer preferences toward consumption of nutrition-rich food & beverages.

Pace of technology penetration in the food sector has been observed to be robust recently, compelling manufacturers to enhance their R&D efforts. Widening range of applications has led enormous commercial vendors to develop a variety of potato flakes in their purest forms, pointing at discovery possibilities in the market in tandem with increased research activities. Efforts of key players toward realizing innovative, new product developments, and unique product offerings to gain a competitive edge and greater brand positioning, will remain key demand determinants for conventional potato flakes.

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Conventional potato flakes continue to subjugate the market in terms of revenues. Over 95% shares of the market are held by conventional potato flakes currently, and the status quo is expected to prevail in the foreseeable future. Organic potato flakes, which are still at their infancy, are likely to fast gain ground, with growing consumer preference for natural products that involve the use of fewer additives and chemicals. Although revenues from the conventional variant remain substantial, sales growth of organic food products is projected to be faster than the former through 2028. A wide variety of organic potato flakes have permeated the market that fall in line with surging consumer demand for higher nutrient value and non-GMO-labelled products.

The concept of organic farming has brought significant changes in the overall farming practices employed across agriculture-based regions worldwide. This has further prompted land owners and farmers in opting for organic fertilizers, in a bid to maintain the soil fertility and sustainability. According to the U.S. Department of Agriculture, total available arable land for organic farming has been increasing rapidly in the U.S. This will further impact developments and demand for potato flakes.

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Veterinary Imaging Systems Market Insights and depth Analysis to 2022

Veterinary imaging systems are being used for obtaining medical images of animals for diagnosis of chronic diseases. A non-invasive procedure, veterinary imaging has evolved with the aid of instruments related to diagnostic imaging. The animals that are considered for imaging include zoo animals, large animals, and small companion animals.

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Animal healthcare spending has gained an uptick over the recent past, with increased number of veterinary practitioners, and significant rise in pet insurance purchases. Demand for veterinary imaging instruments is rising for taking proper care of pets such as dogs and cats, as these instruments help in detecting sinus/nasal diseases by differentiating neoplasia from rhinitis. This further helps in guiding biopsy test results. These instruments also offer increased sensitivity for detection of brain hemorrhage and skull fractures. Veterinary imaging systems have undergone various technical enhancements over the past few years. These systems allow visualization of several types of brain tumors, eliminating use of film jackets, film, dark room, and photo processing supplies, thereby reducing cost of diagnosis. In addition, the concept of insurance services for pet animals has been gaining prevalence, especially in developed regions such as North America and Europe. The aforementioned factors are expected to foster growth of global veterinary imaging systems market.

However, the sensitivity of veterinary imaging systems is comparatively lower than that of MRI systems when it comes to detecting vascular condition, inflammation, and tumors. Utilization of veterinary imaging systems involves high initial cost. Furthermore, these systems can be operated only by skilled professionals possessing knowledge about hardware and software related problems. These factor might hamper the market growth in the near future.

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Fact.MR’s report projects the global market for veterinary imaging to exhibit an above-average CAGR throughout the forecast period 2017 to 2022. Revenues from global sales of veterinary imaging systems are expected to exceed US$ 2,000 Mn by 2022-end.

X-ray systems will remain the top-selling product in the global veterinary imaging systems market. Revenues from X-ray systems will account for over one-third share of the market during 2017 to 2022. Dominance of x-ray systems is mainly attributed to their provision of consistent high-quality images, and rise in shifts of preference toward this technology by veterinarians. However, sales of MRI systems will register the highest CAGR in the market through 2022, based on product type.

Veterinary clinics will continue to be the largest end-users of veterinary imaging systems in the global market, accounting for more than two-third market share during 2017 to 2022 in terms of revenues. The surge in number of veterinarians, and veterinary practices will contribute to growth of veterinary clinics as end-users of veterinary imaging systems. Sales of veterinary imaging systems in hospitals will register a slightly higher CAGR than sales in veterinary clinics through 2022.

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Auto Infotainment Market Current Trends and Top Benefits till 2026

According to Fact.MR analysis, demand for auto infotainment is expected to increase at a value CAGR of 6.4% during the period of forecast, 2017-2026. By end of the assessment period, sale of around 259,380 thousand auto infotainment units is expected. With integration of multimedia and smartphones in infotainment systems, multiple features have become possible, for instance, tracking systems, telematics and navigation that are revolutionizing the auto infotainment market.

Auto infotainment is the ongoing megatrend that is gaining traction in modern vehicles that is fuelling the ubiquity of microelectronics. Consumers are more eager to get connected and access their content at any point in time and at any place on their devices with convenience. Connected car is highly safe, energy efficient and comfortable that provides information on weather, traffic and road accidents.

Automotive Grade Linux (AGL) is accelerating auto infotainment applications, directing car makers towards connected cars. AGL collaborative project is connecting technology companies, suppliers and car makers to speed up the adoption and development of completely open software pile for connected cars. Car makers, for instance Toyota, are promoting activities associated with automotive grade Linux with a view to promote developments in auto infotainment systems. Automotive Grade Linux is planning to enhance entire software stack in the vehicle, which includes head up display, ADAS (Advanced Driver Assistance Systems), telematics instrument cluster as well as autonomous driving. This is expected to have a positive impact on automotive infotainment market.

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Carmakers have gone over the edge with respect to automation in automotive infotainment. Recent innovations and developments include voice control for infotainment systems that car makers are offering. They are turning to Google (Android Auto), Amazon and Apple (CarPlay) to provide seamless solutions. For example, Toyota has incorporated Amazon’s Alexa – a cloud based voice control model – in few of its new models. With Alexa passengers or drivers can control the movement of the car as well as infotainment systems, including selecting songs, playing movies, changing destinations, as well as control smart home devices from far afield. Such innovations are supporting the adoption of auto infotainment systems, making consumers to integrate them to their vehicles.

Automotive industry across the globe has taken a new turn towards introducing new developments in vehicles. Automotive sector in Asia Pacific excluding Japan region has remained strong with growing sales of passenger cars across emerging economies. Owing to high population preferring cars in countries such as China and India, it has become necessary for manufacturers to enhance their production capacities. Moreover, with ongoing innovations in cars, especially in infotainment, people are more inclined towards adopting advanced and latest systems for their vehicles. This has contributed to the sale of auto infotainment systems in APEJ, thus fuelling growth of the global market.

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Trailer Canopy Market – High Demand for Custom-made Solutions; Emphasis Inclined toward Affordability and Durability

Solely led by consumer preference, trailer canopy market will continue to be influenced by key trends such as customization and vehicle innovations. Use of trailer canopy has extended beyond the purpose of shading to almost mimicking a mini warehouse or commercial storage. Key companies operating in the trailer canopy market have introduced a slew of novel solutions, which fall in line with evolving requirements of end-users.

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Custom-made trailer canopy, and metal-based (steel or aluminum) trailer canopy, have been attracting end-users’ interest, who are being lured by manufacturers key offerings such as emptied canopy, multiple compartment canopy, and canopy with shelves & drawers. Additionally, growing focus of manufacturers in providing easy-to-install, reliable, weatherproof and durable trailer canopy will significantly rub off on growth of the trailer canopy market.

Trailer canopy market is foreseen to record an average 4.2% value CAGR over the forecast period, 2018 to 2028, according to a new Fact.MR report. The report states that expansion of the logistics industry, which entails demand for customized trailer canopy, coupled with rising demand for lightweight commercial trucks will continue to underpin growth of the trailer canopy market in the forthcoming years. However, highly fragmented nature of the trailer canopy market, wherein raw material prices illustrate increased fluctuations, along with high cost of trailer canopy will continue to impede growth of the market.

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The automotive industry has been witnessing an uptake in demand for customized solutions, and this trend is rubbing off on popular accessories such as trailer canopy. As trailer canopy design & development is witnessing transformation in tandem with the evolving utility, end-user demand for customized trailer canopy has been witnessing a hike recently.

Customized canopy offerings of manufacturers, with features including dust- & waterproof material, multiple doors & windows, storage cabinets & drawers, and roof racks for containing tool boxes, fall in line with such evolving designs & developments. Trailer canopy manufacturing companies are also concentrating on the provision of custom canopy fit-outs for vehicles that need aftermarket modifications, thereby retaining their competitiveness in the trailer canopy market.

Among various material employed for manufacturing trailer canopy, aluminum has been sought-after among companies operating in the trailer canopy market. Excellent material qualities of aluminum, along with its resilience in robust climatic conditions, has meant that aluminum is a lucrative material for the production of trailer canopy, as it aids in reducing the overall vehicle weight and enhancing the fuel efficiency. Trailer canopy based on aluminum majorly seek adoption in bakkies, trailers and small trucks.

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Heat Pump Market Comprehensive Study by Industry Professionals

Heat pump market has not only witnessed the provision of ecologically and economically feasible products, but also premium products with advanced features for critical commercial and industrial applications. Taking a cue, heat pump manufacturers are adapting to contemporary trends and developing high-end products to tap latent opportunities. The production of premium or advanced heat pumps tend to be limited, but represent a high market value. As a result, the heat pump market shows a high level of consolidation for high-end products.

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Low-end products with standard features, on the other hand, continue to witness mass production and sales to cater growing demand from residential sector and small-scale industries. Therefore, the number of market players offering low-end products continues to surge, resulting into a stiff competition for global players in this highly fragmented marketplace.

Stakeholders in the heat pump market are continuously engaged in expanding their product portfolios through strategic collaboration and technology innovations. For instance, in 2019, Mayekawa Mfg. Co. Ltd. introduced a new refrigeration package – South Polar. It is a joint development between the company and Square Technology Group, a leading Chinese manufacturer of quick freezing machines. New product developments to satisfy customer demands for energy efficiency and environmental friendly products will also remain one of the key growth strategies of the market players.

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Earlier models of heat pumps have not always been the most practical, as uneven patterns of global climate limit these products to be as proficient as their conventional counterparts. However, the emergence of dual-source heat pumps that draw heat either from air and ground has been the game changer in the recent past. These heat pumps are not only cost effective but also have higher efficiency than air-source units. Apart from maximizing efficiency and electrical savings of heat pumps, compact ‘plug and play’ design is being explored to appeal to housing and small commercial sectors.

The Fact.MR study on heat pump market offers industry-based intelligence and comprehensive insights into the current and future prospects of the market. To carry out a detailed analysis on the growth of heat pump market for the period, 2019-2029, a unique methodology and holistic approach have been adopted by the analysts.

An extensive primary and secondary research have been conducted to offer actionable insights that can arm the stakeholders with necessary facts and figures to take well-informed decisions. The report on heat pump market has also gone through various authentication processes to ensure the reliability and uniqueness of the information detailed in the report.

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Dryer Vents Market to Witness Remarkable Growth by 2029

In an effort to gain a competitive edge through versatile product offerings within a shorter timeframe, manufacturers are rigorously investing in R&D activities. Adoption of advanced injection molding processes has also been a trending strategy for the participants in dryer vents industry landscape. Hy-C Company, LLC offers ICC listed ‘Dryer Vent Made Easy (DVME)’ that completely eliminates the use of flex pipe and reduces the risk of dryer fires. In addition to diversify their product portfolios, a number of players in the dryer vents market are intensifying their focus on offering commercial as well as industry-specific installation and venting solutions.

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Strategic acquisitions of the leading stakeholders in dryer vents market will also remain a key focus area for key market players. For instance, in 2017, MiTek Industries, Inc.’s M&M Manufacturing acquired Snappy ™ Company, the US-based supplier of metal duct systems for the residential HVAC markets. Post this acquisition, both the companies declared that they are combining their manufacturing competencies and refocusing on their customer experience strategies. Moreover, the former has a strong distribution footprint, and continues to be the choice of customers for faster product delivery.

As innovation spawns in the dyer vents space, market stakeholders are creating new vent designs that not only improve the functionalities but also allow to hide the vent. For instance, in 2019, Hide-a-Vent launched innovative vent designs, made of Acrylonitrile Butadiene Styrene (ABS) plastic that can be easily mounted to exterior walls of any structure and camouflage the exterior vents with a customizable cover. Apart from the continuous illusion created by the vent cover and matching piece of sliding, innovative vent designs focus on a few other features as well, such as noise elimination and prevention of the pest or bird penetration.

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Fact.MR’s new publication offers industry-based intelligence and comprehensive insights into the growth prospects of the dryer vents market. To carry out a detailed analysis on the dryer vents market for the period between 2019 and 2029, a two-step methodology and unique approach have been adopted by the analysts.

A thorough primary and secondary research have been conducted to provide compelling insights that can equip the stakeholders with necessary information to take critical decisions with clarity. The report on dryer vents market has also gone through a number of authentication procedures to ensure the reliability and uniqueness of the information provided in the report.

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Truck Refrigeration Unit Market Evaluation, Innovation Trends and Explosive Growth 2029 by Key Players

While the international trade continues to expand at an unprecedented pace, perishable foods, drug & chemicals are increasingly being traded and transported worldwide. The cold chain logistics has grown considerably over the years to support the staggering global commerce. Rapid technological advancements in cold chain storage as well as transport continue to make cold chain logistics less expensive, and much more accessible. The cold chain logistics is also witnessing tech penetration with developments in sensors, software, monitoring equipment, and scanners. The use of cold chain logistics is not only limited to transport food, as pharmaceuticals has emerged as an influential player in this growing industry.

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The global cold chain logistics industry has grown steadily over the years, owing to the growing trade of perishable products and rising government support for the development of advanced cold chain infrastructure. In light of the increasing demand for cold chain logistics, refrigerated transportation industry is proliferating and rapidly impacting the globalization to food safety as well as the life sciences. Growing traction for refrigerated transportation has thereby created a considerable demand and adoption of truck refrigeration units in the recent years. Fact.MR analysis estimated that the sales of truck refrigeration units reached ~US$ 1,045 Mn in 2018.

While a massive amount of food that worth billions making it to bin due to poor supply chain network, the demand for efficient and highly durable truck refrigeration units is intensifying. Several companies are investing in proper cold supply chain infrastructure and widely adopting advanced truck refrigeration units to cater to the growing demand for quality-ensuring fresh and packaged food.

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The cold chain logistics industry is continuously changing, which in turn, has been bringing a turmoil of changes in the truck refrigeration units market. The supply chain for popular refrigerated and frozen foods is always rotating. In line of the shifting consumer habits, several companies are gravitating towards transport refrigeration to suffice the growing need for quality products, which in turn has been creating a stream of opportunities for manufacturers of truck refrigeration units.

With a growing number of truck manufacturers shifting to electric-powered vehicles and components, the refrigeration units’ providers have also placed their focus on developing electric powered based units. This also falls in line with the shifting consumer preference for high efficiency products and lower operational cost.

Electric refrigeration units are increasingly making inroads in the truck refrigeration units market owing to the stringent government regulations that are aimed at prohibiting the use of diesel based refrigeration units to reduce carbon emission. While the electrification enables the truck refrigeration units to run without requiring a diesel engine, and reduces carbon emission, this rapidly growing trend is increasingly shaping the growth strategies of the stakeholders. For that matter, several players in truck refrigeration units market have introduced truck refrigeration units to meet the growing demand for safe transportation of food, while remaining at compliance with the stringent emission related regulations. Additionally, demand for vehicle-powered refrigeration continues to overshadow that of diesel powered variants, owing to cost-effectiveness, and witnessed sales of ~61,129 units in 2018.

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