Category: Press Release

According to the study published by Evolve Business Intelligence, The Global Well Intervention market was valued at $ 7,919.1 million in 2019 and is anticipated to grow at a CAGR of 4.65% from 2020 to 2027. Some of the major factors impacting the overall growth of the well intervention market include increasing efforts for production enhancement from maturing oil & gas fields and continuous shale developments. One of the factors hindering the growth of the market is strict government regulations in the oil & gas sector. However, the digitalization of intervention services is expected to register a significant opportunity to market.

According to Evolve Business Intelligence “The COVID-19 pandemic had a positive impact on the well intervention market. Government officials enforced strict regulations, forcing industry players to encourage their workers to work from home. During the pandemic, the use of technology, such as advanced electronics and automated equipment, not only ensured the survival of companies but also increased job efficiency, encouraging the development of the well intervention market and the fluctuating supply and prices of raw materials had also affected the growth of the global well intervention market.”

Schlumberger to hold the highest market share in Well Intervention

The Well intervention market has witnessed several new additions to the number of players offering the product. Some of these players are Schlumberger, Baker Hughes, Halliburton Company, NOV, Weatherford International. Schlumberger collaboration with Milaha to establish stimulation vessel operation in Qatar. GeoFrame Energy will combine with Schlumberger’s subsurface and drilling expertise with Thermal Energy Partners in project development and risk mitigation.

The Well intervention market report published today includes market revenue generated through the sale of Intervention types such as light intervention, medium intervention, and heavy intervention. The report also includes the analysis of the market based on well types such as vertical well and horizontal well. the report also includes the analysis of the market based on applications such as onshore and offshore and the report also includes the analysis of the market based on Service include coiled tubing, slickline, wireline case intervention, thru tube intervention,  fishing services, sidetracking, and subsea landing string services.

According to the study published by Evolve Business Intelligence, The global Photomos Relay market size was valued at $466.8 Million in 2019 and is expected to reach $817.9 Million by 2027 growing at the CAGR of 8.0% from 2020 to 2027. . Some of the major factors impacting the overall growth of the Online travel agency market include rising internet penetration and the rise of social media platforms for travel bookings. One of the factors hindering the growth of the market is the lack of interlinking between government bodies and private enterprises to share data. However, the introduction of big data analytics is expected to register a significant opportunity to market.

Analyst’s View

According to Evolve Business Intelligence “The COVID-19 pandemic had a negative impact on the PhotoMOS Relay market. As a result of limited parts supplies due to cross border restriction and just-in-time production process, reduction in the workforce, and among others have led to shutting down of many semiconductor OEMs and the supply of semiconductor components within a specific region to comprehend the standstill disruption. This had reduced the demand of PhotoMOS Relay market ”

Panasonic Corporation to hold the highest market share in PhotoMOS Relay

The PhotoMOS Relay market has witnessed several new additions to the number of players offering the product. Some of these players are Panasonic Corporation, Omron, Toshiba, Broadcom, Misum. Panasonic partnered with China’s GS-Solar for the photovoltaic business.

The PhotoMOS Relay market report published today includes market revenue generated through the sale of product types such as above 20 V and below 80 V, above 100 V and Below 200 V,  above 200 V and Below 350 V, above 350 V. The report also includes the analysis of the market based on application such as power storage system, test measurement & telecommunication, medical device, others.

According to the study published by Evolve Business Intelligence, The Global Online Travel Agency (OTA) market is estimated to be $147.58 billion in 2028 and is anticipated to grow at a CAGR of 4.58% from 2021 to 2028. . Some of the major factors impacting the overall growth of the Online travel agency market include rising internet penetration and the rise of social media platforms for travel bookings. One of the factors hindering the growth of the market is the lack of interlinking between government bodies and private enterprises to share data. However, the introduction of big data analytics is expected to register a significant opportunity to market.

Analyst’s View

According to Parimal, “The COVID-19 pandemic had a negative impact on the online travel agency market. During the pandemic, the closure of non-essential business and strict quarantine measures taken by governments created a halt in worldwide operation and the impact is seen in the travel and tourism industry, all the airline and lodging, bookings had compelled the travel companies to stop their operations completely. With this online travel agents was also severely hit by pandemic and setback their operations.”

Booking Holdings to hold the highest market share in Online Travel Agent

The online travel agency market has witnessed several new additions to the number of players offering the product. Some of these players are Booking Holdings, TripAdvisor, Expedia, Thomas Cook Group, and MakeMyTrip. Expedia and Jonas team up to expand their travel. Expedia Group’s framework addresses partners, including the new Partner Central Chatbot, which is driven by the company’s AI Lab’s next-generation Centralized Conversational Artificial Intelligence Platform (CCAIP) architecture. This chatbot is a virtual assistant that provides partners with contextual assistance and support.

The online travel agency market report published today includes market revenue generated through the sale of types of platforms such as mobile and desktop. The report also includes the analysis of the market based on service types such as transportation, travel accommodation, and vacation packages. The report also includes the analysis of the market based on applications such as making reservations, translation service, directional guidance, and audio guidance, and the report also includes the analysis of the market based on age group include 22-31, 32-43, 44-56 and, >56.

According to the study published by Evolve Business Intelligence, the Cannabis extraction market is anticipated to grow at a CAGR of 17.0% from 2020 to 2027. The Cannabis extraction market is expected to reach $6.23 Billion by 2027. Some of the major factors impacting the overall growth of the Cannabis extraction market include Increasing penetration of cannabis-based consumable products. One of the factors hindering the growth of the market is Advertising and marketing restrictions. However, the increasing legalization of Cannabis in developed and developing countries and the growing number of Cannabis dispensaries are expected to register a significant opportunity to market.

According to Lekha, “The COVID-19 pandemic had a negative impact on the cannabis extraction market. There has been a shortage of cannabis raw material and related products had led to supply disruptions and among others had led to the temporary shutting down of many cannabis extraction manufacturers. This had reduced the sales of cannabis extraction market”

The Valens Company Inc. to hold the highest market share in Cannabis Extraction

The Cannabis extraction market has witnessed several new additions to the number of players offering the product. Some of these players are The Valens Company Inc., MediPharm Labs Corp, Decibel Cannabis Company, Neptune Wellness Solutions Inc. MediPharm Labs Launched LABS CANNABIS, which is a new and innovative family of health and wellness products. The Valens Company launched 510 vape cartridges for its newly-introduced DAIZE brand. This product line offers consumers unique and potent formulations with premium cannabis oil made from a curated selection of sought-after cannabis strains

The Cannabis extraction market report published today includes market revenue generated through the sale of extract types such as dry-sieve extraction, water extraction, rosin press extraction, isopropyl oil, or quick-wash iso extraction. The report also includes the analysis of the market based on end-user such as food, medicine, cosmetics, and others.

According to the study published by Evolve Business Intelligence, the global Automotive Textile market is expected to grow from $ 40,031.0 Billion in 2019, which is expected to reach $ 47,559.6 Billion by 2027, growing at the CAGR of 3.59% from 2020 to 2027. Some of the major factors impacting the overall growth of the automotive textile market include growing environmental concerns and growing demand for vehicle safety coupled with enhanced comfort. One of the factors hindering the growth of the market is high raw material and development costs. However, the Digitalization of intervention services is expected to register the significant opportunity to market

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Analyst’s View

According to Evolve Business Intelligence, “the COVID-19 pandemic has negatively impacted the global automotive textile market. Due to temporally shut down in several activities by government hamper the production activity across all sectors, including the automotive industry, manufacturing units across the globe have halted their production, which is likely to affect the purchase of vehicles equipment like an automotive textile market.”

Adient to hold the highest market share in Automotive Textile

The Automotive textile market has witnessed several new additions to the number of players offering the product. Some of these players are Adient Plc, Lear Corporation, Toyota Boshoku, Suminoe Textile. Lear Corporation joins United Nations Global Compact Initiative and Toyota Boshoku developed Seats, Interior Components, and others used in Toyota’s New Yaris Cross.

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The Automotive textile market report published today includes market revenue generated through the sale of product types such as woven, non-woven, composites. The report also includes the analysis of the market based on vehicle type such as passenger cars, light commercial vehicles, heavy trucks, buses & coaches. The report also includes the analysis of the market based on applications such as floor covering, upholstery, pre-assembled interior component, tires, safety belts, airbags, and others.

July 20, 2020, Valsad, India – According to the study published by Evolve Business Intelligence, The global online men’s clothing rental market was valued at $233.7 million in 2019 and is anticipated to grow at a CAGR of 12.6% from 2020 to 2027. Some of the major factor impacting the overall growth of Online Men’s Clothing Rental market include, growing disposable income, increasing interest in cosplay, Increase in Internet penetration in developing countries. The major factor that are restraining the growth include Huge expenses for maintenance and hiring experienced personnel. The future opportunities for the market include Rise in apparel & fashion industry across the Asia Pacific region.

According to Evolve Business Intelligence “As per the government instruction across the globe has resulted in the closing of retails stores as well as online e-commerce stores as a precautionary measure for non-essential goods. In the fashion industry, most of the brands pay their suppliers weeks or even a month after the delivery has been done. In this pandemic crisis, many brands and retailers have canceled their orders and stopped payment of the order which they have already placed. Due to this, most of the factories have got no choice but to hold the stock or to destroy it. This has resulted in greater financial loss and impacts the overall fashion industry including rental services.”

Men’s Wearhouse to hold the highest market share in Online Men’s Clothing Rental Market

The Online Mens Clothing Rental market has witnessed several new additions to the number of players offering the product with multiple China-based startups. Some of these startups are Men’s Wearhouse, CandidKnots, Express Style Trial, Bombfell, and Others. Men’s Wearhouse retail apparel operated 716 stores in 50 states and the District of Columbia.

The Online Mens Clothing Rental market report published today include market revenue generated through the sale of clothing types such as Western Wear, Ethnic Wear Others. The report also includes the analysis of the market on the basis of application such as, B2C, B2B, C2C.