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How Impacted COVID-19 on U.S. Shale Gas in Chemical Industry ?

Shale gas and shale oil are defined as natural gas & oil from shale formations. Shale is a type of sedimentary rock that is made up of very small clay particles and is highly porous in nature. It is formed in deep ocean water, lagoons, wetlands, and swamps where the water is still enough for extremely fine clay and silt particles to settle to the bottom.
Since shale is a porous formation, it serves as both a source and a reservoir for unconventional hydrocarbons. The extraction of oil and gas from a shale formation involves mechanical stimulation. One such technique for stimulation is hydraulic fracturing or fracking. In the fracking process, cracks in and below the Earth's surface are opened and widened by injecting water, chemicals, and sand at high pressure. The combination of horizontal drilling and hydraulic fracking has made it possible to access vast quantities of shale gas that were previously uneconomical to generate. Natural gas output from shale deposits has given the United States natural gas industry a new lease on life.
The demand for safe access to energy sources is growing globally. Shale oil and gas have played an important role in meeting global energy demand during the energy revolution and are expected to continue to do so for decades as society transitions to lower-carbon energy sources. The rapid growth of shale oil and gas contributes to increased supply stability and lower commodity prices.
According to the United States Energy Information Administration (EIA), in the year 2011, the country’s estimated available natural gas resources totaled 2,552 trillion cubic feet (Tcf). Natural gas from shale deposits, which was once considered to be uneconomical, accounted for 827 Tcf of this resource total. In the year 2020, U.S. dry shale gas production was about 26 trillion cubic feet (Tcf), and equal to about 78% of total U.S. dry natural gas production.
Shale oil and gas exploration have, in particular, given the US oil and gas industry new dimensions of development. It has also fueled significant investment in associated infrastructure for gathering, storing, and delivering hydrocarbons to both domestic and foreign markets. In less than a decade, the US shale industry turned the global energy landscape upside down and re-established the US as the global energy leader. The onset of a global pandemic and subsequent drop in oil prices, on the other hand, has taken the momentum out of the shale boom. Due to a sudden drop in demand, the shale industry has immediately self-corrected.
Many oil and gas players succumbed to the economic shock resulted from the CoVID-19 and filed for bankruptcy. Chesapeake Energy, a shale leader and once second-largest gas producer in the United States, filed for Chapter 11 bankruptcy protection in late June. According to the United States Energy Information Administration (EIA), the crude-oil output from seven major shale formations in the United states fell by around 56,000 barrels per day (BPD) in August 2020 to just under 7.5 million BPD, which would be the lowest level in two years.
The shale industry is closely looped in with the oil and gas industry. The recent downfall of the oil and gas industry during the pandemic has had a severe impact on shale output. Post pandemic, the shale industry peaked, but the industry as a whole lost money. Since 2010, the US shale industry has produced USD 300 billion in net negative free cash flows, damaged more than USD 450 billion in invested capital, and seen more than 190 bankruptcies. With the advent of the coronavirus, the future for shale producers has become even bleaker, with a new bankruptcy filing occurring every week or so in the last few months.
The pandemic's effects will be felt far beyond the US shale industry. Despite accounting for less than 10% of global oil and gas output, US shale oil extraction activity accounts for 40% of global shale oil extraction activity and accounts for nearly 100% of the growth in US midstream and export-oriented refining and petrochemical sectors over the last decade.
· Organization of the Petroleum Exporting Countries (OPEC) agreed on a continuation of March production levels for the month of April, with the exception of Russia and Kazakhstan, which will be authorized to increase production by 130,000 and 20,000 barrels per day, respectively, at their most recent meeting
· Saudi Arabia has also agreed to extend its one-million-barrel-per-day voluntary cut for the month of April.
· Companies such as Chevron, Shell, Schlumberger, and others have taken initiatives to safeguard their workforce in the ongoing pandemic situation.
On Conclusion, the pandemic has placed the shale industry in a delicate spot as major players are forced to cut down the output. The potential energy landscape in the United States and around the world is highly complex, and its drivers are interconnected. In the not-too-distant future, a wave of consolidation in the US shale industry could be triggered by the poor financial position of many firms and the weak economic outlook.
The continuous demand for a ban on fracking, coupled with the effect of COVID, has cracked the shale industry severely. Although, the historic evidence indicates that the shale producers operate more economically. In comparison to 2019, producers in the Permian Basin are saving roughly 20% on good costs.
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Impact of COVID-19 on Mini Cranes Market in Semiconductors & Electronics Industry
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Why Your Business Needs Online Timesheets
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Significant COVID-19 Impact on Wealth Management in the Information, Communication, and Technology (ICT) Sector
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Wealth management is an investment advisory service that combines other financial services for addressing the needs of affluent clients. Using a consultative process, the advisor gleans information about the client’s wants and specific situation and then tailors a personalized strategy that uses a range of financial products and services. Wealth management can encompass all parts of a person’s financial life. Instead of attempting to integrate pieces of advice and various products from multiple professionals, high-net-worth individuals may be more likely to benefit from an integrated approach. In this method, a wealth manager coordinates the services needed to manage their clients’ assets, along with creating a strategic plan for their current and future needs, whether it is will and trust services or business succession plans. As the world was confronted by the COVID-19 pandemic, economic, social, and political challenges quickly became apparent across the globe. These abrupt circumstances affected both investors and wealth management firms. IMPACT ON DEMAND AND SUPPLY CHAIN, AND LONG TERM STRATEGIES ADOPTED BY MANUFACTURERS The pandemic is bound to bring new trends in the market such as an increase in digitalization. The companies require taking strategic decisions to sustain their development in this pandemic crisis. Companies have cut short the capital expenditure to maintain their financial conditions, in addition, they also need to set the sales projection to limit their offerings and avoid any extra spending. Companies need to innovate and develop technologies according to the changing trends of society. The pandemic has boosted the growth in digitalization and this has increased the requirement of wealth management on the digital platform. Critical business workflows are being digitized to enable changes in both client behavior and accommodate field personnel working remotely. Numerous organizations are shifting their focus toward digital platforms to make their business tasks simpler. It is seen that 89% of all companies have already adopted a digital-first business strategy or plan to do so and 70% of companies either have a digital transformation strategy in place or are working on one. The increasing growth in digitalization will boost the market of wealth management during the pandemic. Moreover, in 2020, the numbers of ultra-high net worth individuals, which are generally defined as those having investable assets of more than USD 30 million, grew by 24% worldwide, the fastest rate of increase since 2003. The increase in number created a huge opportunity for growth for the global wealth management market. The market players are now taking many strategic decisions to gain their market share and profit after COVID-19. Passive investing has dominated during the recent record-length bull market, active management poses advantages during volatile and turbulent times, and the firms that transform people, process technology within their equity platforms could be better positioned to grow assets. With the shifts to virtual business practices, many wealth managers have aggressively reached out to their clients by phone to make it a ‘moment that matters’ and build further goodwill through human touch. The services which are provided by the market are now shifted towards cloud platform which is very easy and flexible to use. Integrated AI and automation enable faster portfolio development aligned with customer’s expectations. This automation will be significantly used to build a portfolio for the customers which will be another strategic decision taken by the company. With the adoption and shifting the business to virtual practices, wealth managers have aggressively reached out to their clients by phone to for making a deal and build further goodwill. The distribution channel will much change for the market after the COVID-19 pandemic and this is why many companies are looking to launch their apps and online services to cater to the clients which is also a part of the strategic decision of the companies to maintain the growth of the company. Many firms may reprioritize capital allocation plans and many look for possible mergers and acquisitions for business survival and sustenance. The COVID-19 pandemic has affected the market but the services are now shifted towards cloud platform which is very easy and flexible to use. The COVID-19 has affected the supply of wealth management services as the income of the people were affected has decreased due to the pandemic. The comprehensive wealth management services were affected and the supply chain has also got affected. The players are now trying to position themselves to thrive in the next normal. The investors saw a drop in their portfolios and were given initial market drops. CONCLUSION Pandemic has taken a toll on every aspect of life, including the global economy. With the significant downfalls in many sectors, a collaborative effort of government, industry players, and consumers can win the fight against COVID-19. It continues to inflict the world with appalling economic and social dilemmas, capable enough to leave severe backlash on the economy for the next several years. The first wave had already inflicted severe blows to the population as well as the economy. The currently experiencing second wave is expected to be more disastrous not only to the masses but also to ICT markets. As the industry slowly emerges from the crises and the next normal takes hold, the success of the wealth management firms will depend on their ability to use the crises to accelerate their digital transformation and embrace a more flexible wealth management operating model. Client interaction will change, whether by choice or necessity. Digital enablement will likely continue to be leveraged to meet business and customer needs while how and where employees work and are supervised has already changed. The wealth management companies are accommodating mobile working and flexible working schedules to maintain the operational continuity which will run the business. The companies are trying to regain their share by every means, as these firms will also likely to tap on the data and analytics to learn more about potential customers which will ultimately increase their customer base. Hence, the companies are now adopting new distribution solutions after COVID-19 which will gradually help them to increase their portfolio and services and maintain their operations in the market. Some firms may start to consider mergers or deals as the environment becomes more challenging. This will benefit the companies by generating a profit and making the supply chain stronger. Southeast Asian consumers are hungry to access wealth services via apps and online. This means many wealth relationship interactions can be shifted to apps enabling low-cost services which will also help in business continuity.
Camera hội nghị Jabra Panacast 20 lý tưởng cho cuộc họp cá nhân
Đã đến lúc trải nghiệm thế hệ cộng tác video di động, an toàn, thông minh tiếp theo với Camera hội nghị Jabra PanaCast 20. Bạn đã sẵn sàng cho cuộc họp hội nghị cá nhân với Jabra Panacast 20 của mình chưa? Camera hội nghị Jabra Panacast 20 Với một phương thức giao tiếp mới, hội nghị truyền hình đã tự đổi mới và giờ đây, video kết hợp là cần thiết:  Panacast 20 là một camera được thiết kế nhỏ gọn có thể mang đi khắp mọi nơi mà không ảnh hưởng về chất lượng hình ảnh và âm thanh. Jabra Panacast 20 thiết bị hội nghị truyền hình cá nhân cao cấp này sử dụng công nghệ tiên tiến để mang lại trải nghiệm thông minh, mạnh mẽ và hoàn toàn độc đáo - Camera 4K USB với Mic tích hợp - Chất lượng video 4K Ultra HD với xử lý hình ảnh tiên tiến - Thu phóng thông minh giúp lấy nét liên tục trên loa - Trường nhìn dọc và ngang: 54 ° / 180 ° - Trường nhìn xoay chéo 90 ° - Tự động điều chỉnh ánh sáng và chức năng Picture-in-Picture - Màn trập tích hợp để đảm bảo sự riêng tư của bạn - Kích thước nhỏ gọn, dễ dàng mang theo và cắm vào - Được tối ưu hóa cho Microsoft Teams và Zoom Jabra Panacast 20 là một thiết bị hội nghị USB với độ phân giải 4K, nó được thiết kế sử dụng cho mục đích cá nhân. Trường nhìn rộng 120 ° của nó không bị thiếu bất kỳ thứ gì và tính năng thu phóng thông minh (tự động định khung hình) thu hút người nói trong suốt bài thuyết trình. Chức năng Picture-to-Picture cũng rất thiết thực và cho phép bạn kết hợp luồng video thứ hai: lý tưởng cho các bài thuyết trình của bạn. Jabra PanaCast 20 là thiết bị hội nghị truyền hình chất lượng cao sử dụng công nghệ AI tiên tiến để mang đến cộng tác video di động, an toàn và thông minh tiếp theo. Máy ảnh PanaCast 20 plug-and-play mang đến trải nghiệm hội nghị truyền hình cá nhân, được sáng tạo lại hoàn toàn cho thế giới kết hợp ngày nay. Thiết bị hội nghị Jabra PanaCast 20 ghi hình vào bất kỳ màn hình nào và sử dụng bộ vi xử lý tiên tiến, AI tích hợp mạnh mẽ và camera 13 megapixel cao cấp, mang đến hình ảnh Ultra-HD 4K trong thời gian thực, sắc nét và rõ ràng như pha lê, hầu như không có độ trễ. Tính năng của Camera hội nghị Jabra Panacast 20 - Một webcam hiện đại và thông minh     + PanaCast 20 được Jabra giới thiệu là giải pháp giao tiếp tất cả trong một dành riêng cho không gian làm việc nhỏ như văn phòng cá nhân. Được thiết kế để tái tạo và hiện đại hóa hội nghị truyền hình, webcam thông minh này sẽ cho phép bạn tham gia vào các cuộc họp ảo với chất lượng nghe nhìn ngoạn mục và sẽ đảm bảo sự thành công của các cuộc họp của bạn. - Chức năng Picture-in-Picture để tác động đến bản trình bày của bạn     + Để tiếp thêm sinh lực cho các cuộc họp của bạn, Jabra PanaCast 20 kết hợp chức năng Hình ảnh trong Hình để cho phép bạn kết hợp luồng video thứ hai trong các cuộc họp ảo của mình, một chế độ lý tưởng khi bạn đang trình bày. Chế độ này hoạt động với bất kỳ nền tảng UC nào. - Camera độ phân giải Full HD với chức năng quay cận cảnh và toàn cảnh 4K     + Jabra cung cấp giải pháp hội nghị truyền hình với các tính năng thông minh sẽ mang đến cho bạn những cuộc trao đổi nghe nhìn ngoạn mục. Webcam này được trang bị camera độ phân giải Full HD với độ phân giải 4K toàn cảnh nên chất lượng hình ảnh không gì sánh bằng: sắc nét và trong như pha lê, hầu như không có độ trễ hay độ trễ. Trường nhìn 90 ° của nó mang đến cơ hội chụp cận cảnh nhờ tính năng Thu phóng thông minh trực quan do AI điều khiển, vì vậy bạn luôn là trung tâm của sự chú ý và nó sẽ tự động theo dõi chuyển động của bạn. Làm thế nào để cài đặt thiết bị hội nghị Jabra PanaCast 20 của bạn? - Bạn không cần phải là chuyên gia CNTT để cài đặt giải pháp Plug & Play này. Chỉ cần kết nối Jabra PanaCast 20 của bạn qua USB với máy tính của bạn để bắt đầu hội nghị truyền hình ngay lập tức. Nếu bạn quyết định thêm tai nghe hoặc loa ngoài để hoàn thiện giải pháp của mình, tất cả những gì bạn cần làm là kết nối nó với máy tính của mình thông qua kết nối được chỉ định cho nó: USB hoặc Bluetooth. Tôi có thể sử dụng phụ kiện với Jabra PanaCast 20 không? - Rất dễ dàng ghép nối PanaCast 20 với Jabra Speak 750 nếu bạn đang ở văn phòng nhưng nếu bạn là người làm việc linh hoạt, bạn có thể sử dụng nó với Jabra Evolve 2 65. Cả hai thiết bị đều không dây với kết nối Bluetooth và được Microsoft Teams chứng nhận . Camera hội nghị Jabra Panacast 20 mang đến sự kết hợp tuyệt vời giữa hình ảnh chất lượng cao và cộng tác video an toàn, bất kể bạn đang tổ chức các cuộc trò chuyện của mình từ đâu luôn đảm bảo bạn có được trải nghiệm đầy đủ. Xem Thêm:  Jabra Panacast ............. Thông tin chi tiết xin liên hệ Công ty CP Liên Kết Công Nghệ Toàn Cầu - GTC Địa chỉ: Tầng 7, Số 49 trung Kính, Cầu Giấy, Hà Nội. Điện thoại: 024.777.99.777 Website:
How COVID-19 Impacted on Intelligent Vending Machines ?
COVID-19 Impact on Intelligent Vending Machines in Semiconductors and Electronics Industry The pandemic begins with its epicenter in China in 2019 and has been continuously spreading by then to all over the globe, so far 216 countries and territories have been affected with COVID-19. The COVID-19 cases reaching to various countries which have strong dominance in the worldwide market and have adversely affected the economic growth globally. The spread of coronavirus has led to severe disruption such as global recession, many organizations are being forced to take stringent actions as lying of their employees and staffs, small and medium business is being shut down, and manufacturing & production facilities are being put on hold for a longer period. However, apart from this, the demand for food and beverages witnessed huge growth but this has increased the shortage of supply chain due to the panic buying from the populations. Similarly, the demand for the pharmaceuticals, chemical, and healthcare industry also increased as new solutions and medicines are getting introduced for taking preventive measures. There has been a disruption in the supply chain of many industries due to restrictions in logistics and the closing of manufacturing facilities. In addition, the slowdown in the economy has lowered the spending capability of individuals and people are saving money for emergencies. The intelligent vending machines are controlled by a computer and backed by a cloud-based management system. The cloud allows for live inventory monitoring and sales data that was previously unavailable or extremely delayed. Vending machines have evolved into a new class of automated retails kiosks with the use of modern technology. The range of products that can be dispensed by these machines is unbelievable. A custom vending machine can also be created that can be customized to the products that are dispensed. AFTERMATH STRATEGIES FOR INTELLIGENT VENDING MACHINES MARKET AND GOVERNMENT ROLE The COVID-19 pandemic was not predicted by any government to be ready for. The pandemic resulted in many changes brought by the government to the usual norms of operations for multiple industries around the world. The pandemic affected the market and consumer behavior, this created volatility in the economy. Smart vending machines are the next evolution of retail because they allow the business to reach customers in new locations and new ways. They also serve customers with ease and efficiency by only displaying what selections are in stock. For instance, § Vending machines of Azkoyen will be installed in the new AVLO trains, the low-cost high-speed train. These vending machines will provide drinks and snacks to more than 400 Avlo passengers with their automation. OPPORTUNITIES FOR THE MARKET IN COVID-19 SITUATION To improve and reinforce the services of traditional vending machines, AAEON has provided an intelligent solution to facilitate their functions. Ideally, smart vending machines integrate seamlessly with important systems including commerce, ERP, operations, and inventory management. The industry is now growing towards API-driven, headless commerce supports integration with any touchpoint. For instance, · The smarter solution, called brainy, offers an exceptional shopping experience. Along with the coming of the Internet of Things (IoT) age and its increasing prevalence in our daily lives, Brainy supports Intel Realsense technology through AAEON’s “UP” board, a credit-card-sized single-board computer. STRATEGIC DECISIONS FOR SERVICE PROVIDERS AFTER COVID-19 TO GAIN COMPETITIVE MARKET SHARE The market players are now taking many strategic decisions to gain their market share and profit after COVID-19. Strategic decisions such as mergers & acquisitions and technological innovations are helping market players to regain their share. The companies are converting their intelligent vending machines into unmanned retailers with limited space and this strategic decision will help the companies to boost their sales as these kinds of vending machines are capable of dispensing any goods irrespective of their size and shape. The integration of IoT in vending machines will help companies to increase their sales. DEVELOP NEW SOLUTION The Intelligent vending machines will need to be staffed differently to cater 24*7 to provide service. The companies are developing new solutions by strategic partnership and collaboration. OFFER NEW SERVICES TO MANAGE THE INTELLIGENT VENDING MACHINES SOFTWARE The companies are trying to offer new services to the customers with the help of new strategies and opportunities and also due to recent development in vending machine products and services. By maximizing the operational opportunities to minimize the cost, the companies are investing in R&D to improve their services. The use of vending machines allows businesses to operate 24 hours a day 7 days a week. OTHER GROWTH OPPORTUNITIES FOR MARKET PLAYERS TO PURSUE IN 2020 The vending machines and micro-markets leave a space for a solution that has significant potential growth. This type of machine will include a full micro market with a reasonably large number of SKUs. Several North American and European operators are offering such solutions. IMPACT ON PRICE The lockdown imposed by the government of the countries had adversely impacted the prices of the intelligent vending machines services due to the implementation of remote working. The prices of the services have been increased as the software has been shifted to the cloud which has resulted in increasing physicals security. The prices of the vending machines have been increased as now the traditional vending machines have been replaced by automated vending machines which incurred high cost and ultimately affect prices. A vending machine is a retailer with limited space and such engineering requires high cost which will increase the prices of the intelligent vending machines. IMPACT ON DEMAND The pandemic has caused a decrease in demand for vending machines. With the fast converting life of the population and digitalization in vending machines such as IoT, the companies are under the transformation of their products such as cashless payments and safe products delivery which will eventually help in increasing demand. The COVID-19 has impacted the demand for the vending machines as the employees started working from home. 80% of the vending machines were majorly located at offices and workplaces which are closed and ultimately causing a failing economic activity. The healthcare industry has not seen a much decline in vending machines as they are essential for healthcare personnel. The overall COVID-19 has impacted the demand for vending machines negatively. For instance, · The Azkoyen Group, a leading Spanish technology offers automated vending machines has received an award. The award is regarding the best vending machine supplier and has great technology of automation. IMPACT ON SUPPLY CHAIN The COVID-19 pandemic has affected the market but the services are now shifted towards cloud platform which is very easy and flexible to use. These cloud platform services also save the cost of the companies as they are paying as you use services but this has increased intelligent vending machines and services. The COVID-19 has also affected the supply chain of intelligent vending machines which results in the loss of the industry. Due to lockdown imposed by the states and taking into consideration the safety, the installation of the intelligent vending machines was on hold as the supply chain was hampered. The cost of supplying machines and their spare parts were also increases which ultimately increases the prices of intelligent vending machines. CONCLUSION The micro-markets are not only for traditional vending machine operators. By the nature of operations and data management, the micro-market can be an ideal solution for retailers wishing to expand beyond the store and allow customers 24/7 availability of the products. The digitized systems, equipped with a large number of sensors and available data will become a rich source of data to be analyzed for the stakeholders which will help in finding trends and growth. The different innovations in vending machines such as the integration of IoT which supports cashless payments, safe delivery are the market opportunities. Companies are now simplifying convenience by using such technological innovations. The market is now moving towards unmanned retail stores due to pandemics which can be a great opportunity for the vending machine market as they can deliver goods and any packaging units. The growth of the market will be slow after the pandemic but it will surely rise and will gain popularity.
Significant Impact of COVID-19 on Green Roof in Materials & Packaging Industry
COVID-19 Impact on Green Roof in Materials and Packaging Industry A Green roof is a roof a building that is partially or completely covered with vegetation and a growing medium, planted over a waterproofing membrane. It may also include additional layers such as root barrier and drainage and irrigation systems. Green roofs serve several purpose for a building, such as absorbing rainwater providing insulation, creating a habitat for wildlife increasing benevolence and decreasing stress of the people around the roof by providing a more aesthetically pleasing landscape, and helping to lower urban air temperatures and mitigate the heat island effect. Green roofs are suitable for retrofit or redevelopment projects as well as new buildings and can be installed on small garages or larger industrial, commercial and municipal buildings. They effectively use the natural functions of plants to filter water and treat air in urban and suburban landscapes. A green roof normally provides Thermal reduction and Energy conversation, Water management, Ecological benefits and carbon sequestration. Green roofs not only retain rainwater, but also moderate the temperature of the water and act as natural filters for any of the water that happens to run off. ANALYZING ON IMPACT OF COVID-19 ON GREEN ROOF MARKET Worldwide pandemic COVID-19 resulted in call off action of ongoing green roof projects around the globe. Much has been made of the importance of green initiatives roofs and walls included in the nation’s ongoing mission to work toward a sustainable future. Though the novel coronavirus (COVID-19) global pandemic has paused the construction phase of some new projects, design has continued uninterrupted on most fronts, along with the ongoing maintenance measures so vital to the preservation of existing green roof architecture. It is expected that the negative impact of COVID on green roof market to be compensated over the medium to long term future. AFTER MATH OF COVID-19 AND GOVERNMENT INITIATIVE TO BOOST GREEN ROOF MARKET Post COVID the world stares at a more ecofriendly way. Green roof brings the bright solution for this problem. A healthy green roof provides natural defenses against harmful viruses and bacteria. Most of the governments around the world encourage the Green roof building movement. India mainly encourages the green roof market with 4,000 projects. The government is taking proactive initiatives to create awareness among people about green roofs and it taking necessary steps to boost green roof market. STRATEGIC DECISIONS FOR MANUFACTURERS AFTER COVID-19 TO GAIN COMPETITIVE MARKET SHARE Post COVID the green roof market growth decreased little down to compensate the loss and to maintain demand and supply various strategic decisions taken by the manufacturers. The local suppliers being supported by the government to supply materials in much lower cost to bury the loss incurred to manufacturers due to COVID. IMPACT ON PRICE OF GREEN ROOF MARKET DUE TO COVID The green roof market divided into two segments Extensive and intensive segments. Extensive green-roofs segment accounted for the highest market share in 2019 and is likely to grow faster than the intensive green-roofs segment during the forecast period. Initial costs and maintenance costs for extensive green-roofs are comparatively lower than that for intensive green-roofs. The price is less in extensive segment when compared to intensive segment. IMPACT ON DEMAND Although the market has witnessed a negative impact due to the COVID-19 situation, the research analysts analyzes that the green-roofs market to recover and grow by USD 8.82 billion during the forecast period, accelerating at a CAGR of almost 14%.Due to reduction of global warming effect and pollution by green roofs the market expected to grow during the forecast period and the demand raised compared to pre COVID demand. Figure-1 The green roof market estimated size growth for the year 2019 to 2027 IMPACT ON SUPPLY CHAIN Due to COVID supply chain of materials for most of the industries halted. Like other industries the restrictions over transport and labor availability is also one of the factors that affected the supply chain of Green roof market. CONCLUSION The global green roof market is driven by the surged demand to adapt to greener methods and resources for the sustainable development of our environment. The rapid urbanization accompanied with a massive increase in carbon emission and urban waterlogging has led to the growth of many environmental-related problems. The deteriorating air quality and an increased greenhouse effect are creating a rising demand for environmentally friendly technologies like green roof, further aiding the green roof market. Globally, several initiatives have been taken by the government to attract individuals or organizations for using the product, like, in some European and US cities, councils now offer significant financial incentives to developers installing green roofs. In Hamburg, those installing green roofs can receive a subsidy of 30-60% on its installation cost. Thus, the lump-sum grants provided by the government help in the implementation of the product on a large scale and give a further impetus to the industry growth. The green roof market size was valued at $1,451.3 million in 2019 and is expected to reach $4,192.0 million by 2027, registering a CAGR of 15.6% from 2020 to 2027.
What COVID-19 Impacted on Cleaning Robot in Semiconductors & Electronics Industry ?
Impact of COVID-19 on Cleaning Robot in Semiconductors & Electronics Industry ANALYSIS ON IMPACT OF COVID-19 ON THE MARKET The pandemic started with its epicenter in China in 2019 and has been continuously spreading by then to all over the world, so far 216 countries and territories have been affected with Covid-19, the U.S. being on the top with cases reaching about 4.38 million, followed by Brazil, India and then by many European countries such as Russia, Spain, Italy, and others. The COVID-19 cases reaching to the big named countries with strong dominance in the global market which has adversely affected the economy globally. The spread of the coronavirus has led to the global recession, many companies are being bound to take stringent actions of laying off their employees, small businesses are being shut, and manufacturing facilities are being put on hold. There has been a disruption in the supply chain of many industries due to restrictions in logistics and the closing of manufacturing facilities. In addition, the slowdown in the economy has lowered the spending capability of individuals and people are saving money for emergencies. However, now almost in every country, the factories are started to reopen by taking some prevention such as 20% -50% employees on the field, social distancing, extreme hygiene measures, and others to support the economy. It is supporting the economy and helping to lower the recession rate at a certain level. COVID-19 highly impacted the personal and domestic cleaning robots market due to the recession gripping the world and a decline in disposable income, the demand for personal and domestic robots declined. Also, the behavior of the individuals has certainly changed in the pandemic, people are now more concerned about their health and spending for future use due to incurred losses which lead to a decrease in the sale of cleaning robots. However, cleaning robots have a huge demand in the healthcare sector. During the time of social distancing, hospitals are demanding mobile robots integrated with UV-C light disinfection equipment to sanitize the wards and rooms to minimize any physical contact. For instance, In June 2020, According to the founder and chairman of Milagrow Robots, there has been a huge surge in demand for floor and window cleaning robots. The total sale is expected to be 300,000 to 400,000 cleaning robots in 2020 when compared to 10,000 cleaning robots in 2019. STEPS TAKEN BY MANUFACTURERS DURING COVID-19 SITUATION As the COVID-19 crisis continues to expand, makers would possibly face challenges on varied fronts. Producing firms would be searching for immediate measures to stay their workforces safe and their businesses solvent. Makers would conjointly have to be compelled to look on the far side of their economic viability. Because the COVID-19 pandemic intensifies, makers would possibly face continued downward pressure on demand, production, and revenues. They would continuously face cash-flow liquidity challenges and difficulties in managing debt obligations. In December 2020, LG Electronics announced the launch of the autonomous robot with disinfecting UV light for various B2B applications. This robot uses ultraviolet (UV-C) light to disinfect high-touch, high-traffic areas and is designed for hospitality, education, corporate, retail, restaurant, and transportation customers to reduce exposure to harmful bacteria and germs The pandemic may drive the enhancement of automation, digitalization, and artificial intelligence (AI) in almost all sectors. In a situation like social distancing automation and robotics could reduce dependence on human labor and increase productivity, preventing the chances of losses. The pandemic has boosted the growth of healthcare industries. As people need to maintain physical distancing, manufacturers can gain the advantage of this norm to address the mass public in hospitals and crowded places. Manufacturers were engaged in product development with advanced technologies, partnerships, and collaborations to gain a competitive advantage in the market. For instance, In January 2021, SAMSUNG announced the launch of new AI-powered robotic vacuum and laundry products. The new JetBot 90 AI+ features smart technologies that optimize the cleaning route and respond to its environment. The JetBot 90 AI+ is the world’s first smart robotic vacuum that helps to automate home cleaning in these Covid times IMPACT ON DEMAND The behavior of the individuals has certainly changed in the pandemic, people are now more concerned about their health. The government is also working on research and development to develop a vaccine and avoid any further pandemic as such. The government is using augmented and virtual reality for the known disasters which can help in reducing the effects of the disaster. The pandemic has boosted the digital transformation of industries, companies are focusing more on a digital platform to interact with their clients and customers. The pandemic has brought a huge demand for cleaning robots to ensure safety as COVID-19 has put cleaning and disinfection front and center in facility maintenance and at other places. Huge adoption of technology, automation, and smart buildings is gradually increasing the scope of growth for the cleaning robot market. IMPACT ON SUPPLY CHAIN The pandemic has brought a huge impact on the supply chain of the cleaning robot market. The logistics and transportation of assets deteriorated a lot. The supply chain was adversely affected as the lockdown prevailed in many regions globally, the government has limited the workers. Companies are making their operations work according to the government regulations by making limited workers work in different shifts. The supply chain is experiencing disruption in Chinese parts exports, large-scale manufacturing interruptions across Europe, and the closure of assembly plants in the U.S. The manufacturers were facing a shortage of raw material, shifting of production to other countries, liquidity crunch to delays in availability of models, and deferred launches. However, now there is an improvement in the supply chain as most of the facilities and travel restrictions have opened and working in most optimum capacity. CONCLUSION As the Covid-19 prevails the cleaning robot market has witnessed a gradual increase in the demand for cleaning robots and services. Most of the manufacturing facilities were closed bringing down the production of cleaning robots which leads to disruption in the supply chain. However, as the markets are getting digitally transformed and people are being more reliable on digital sources the market seems to be growing. Organizations operating under this market were building up new strategies to maintain all the safety measures at facilities and focusing on technological up-gradation to boost the growth of the market. Even after the pandemic automation of industries will continue to increase which acts as a major driver for the market. Growing demand from the healthcare, media & entertainment, and retail sector will act as a major boosting factor for the growth of the market in this pandemic.
Significant COVID-19 Impact on Pallet Truck Market in Automotive Industry
COVID-19 Impact on Pallet Truck Market in Automotive Industry ANALYSIS ON IMPACT OF COVID-19 ON PALLET TRUCK MARKET The COVID-19 pandemic has influenced the whole planet with its significant impacts on the economy and businesses across the globe. The COVID-19 spread worldwide in unprecedented ways due to its high infectious and contagious nature and lack of availability of its vaccine. As a result, the most outstanding medical challenge in the 21st century is yet to be faced by physicians worldwide. Though the emergence of the virus can be traced back to Asia, many European countries and the U.S. have been struck massively by the pandemic. The virus has spread across all regions ranging from North America, Europe, Asia-Pacific, Middle East and Africa up to South America. The COVID-19 has been declared a pandemic by World Health Organization (WHO) due to its increased spread across the globe. After the declaration of the pandemic, various countries announced the complete lockdown, such as India, China and other Asian countries, to decrease its spread. According to the latest situation report by World Health Organization (WHO) stated 175 million cases of corona had been reported globally and 4 million patients are dead due to the coronavirus. On a slightly positive note, 158 million people have recovered and 2 million vaccine doses have been administered as well. AFTERMATH of COVID-19 AND GOVERNMENT INITIATIVES TO BOOST THE MARKET Government of an economy and their policies plays a vital role in revamping the global economy back to its anterior state. Currently, governments are being formulated by governments to create employment and the utilization of resources for bringing production and sales in all industries back. Global arena is giving an impression on competition of vaccination among countries. Many countries such as the U.S. and Britain have completed 40% of the vaccination drive. Local governments in different countries are organizing mask-free fairs to promote confidence among the public. One such fair was organized in the U.K., 3000 people participated. STRATEGIC DECISIONS BY MANUFACTURERS AFTER COVID-19 TO GAIN COMPETITIVE MARKET SHARE The companies are coming with various strategies as manufacturing innovative products, consolidating their production capacities, adapting to lean production of products to eliminate waste to attract customers, which helps them cope with disruption. The manufacturers are also considering producing environmentally friendly products as it is one of the essential factors which helps in boosting the market. For instance, · The logistic business company launched a new lithium-ion battery run pallet truck. COVID-19 not only demands side problems problem but is also responsible for shaking consumer confidence. In the developing countries where investment was due to increasing disposable income, it forced people towards saving. Even central banks claimed that lowering in the keeping of people. Pallet trucks are used in warehouses, factories and cold chains to move heavy goods between manufacturing lines. Pallet trucks are of two types by operation such as electronic and manual. COVID-19 IMPACT ON PALLET TRUCK DEMAND The pallet truck industry finds its implementation in manufacturing industries and warehouse management industries. The pallet truck market has senses dual effect due to COVID-19. The demand in manufacturing industries has witnessed a dep fall. On the other side, warehouse industries that find massive implementation in e-commerce have gained the demand side. E-commerce has seen significant growth in this period. Many business articles prove that amazon has doubled its income during COVID-19. E-commerce has balanced out all the all negative impacts on the pallet truck industry. According to observation, the driving factor for pallet truck market restructuring of the e-commerce supply chain is lithium-ion pallet trucks, which are picking up the trend. Pallet trucks, in the traditional way, were hand-driven, which required hard-working labor. Lithium-ion battery trucks are easy to use and can be driven by anyone finding applicability in office spaces. As the demand chain after COVID-19 is repaired due to vaccination drive and awareness about diseases. The cumulative effect of both sides of demand with the driven market in a better direction. COVID-19 IMPACT ON PALLET TRUCK SUPPLY SIDE Automation in the pallet truck market is driving its growth and opening ways for implementation in new sectors. Pallet trucks have a significant role to play in the warehouse market. Warehouse capacity or revenue is estimated by the number of pallet trucks working inside. To be a market leader and attract customers, warehouse companies procure an astonishing number of pallet trucks. The astounding number of pallet trucks signifies the smooth functioning and load-carrying capacity of the warehouse. The E-commerce market finds a massive implementation of the warehouse. Robotics in the pallet truck market is driving a new landscape for its customers. Amazon recently deployed a robots pallet truck in their warehouse. CONCLUSION COVID-19-19 impact of industries are gradually eradicating, which will revive the old market for pallet trucks. Warehouse requirement for e-commerce is driving the growth of the pallet truck market amid COVID-19-19. This dual factor support pallet truck market will cause its expansion to new heights.
Lymphedema Diagnostics Market Overview and Insights by Geography
According to the new market research report “Lymphedema Diagnostics Market by Technology (Lymphoscintigraphy, MRI, Near IR Fluorescence Imaging, Ultrasound), Disease Type (Cancer, Inflammatory Diseases, Cardiovascular, Filariasis), End User (Hospitals, Diagnostic Centers) – Global Forecast”, published by MarketsandMarkets™, is projected to reach USD 35 million by 2024 from USD 24 million in 2019, at a CAGR of 7.4%. Browse in-depth TOC on “Lymphedema Diagnostics Market” 107 – Tables 30 – Figures 165 – Pages Download PDF Brochure: The increasing prevalence of lymphedema and cancer; technological advancements in diagnostic imaging modalities; and increasing investments, funds, and grants by public-private organizations are the major factors driving the growth of this market. The lymphoscintigraphy segment accounted for the largest share of the market in 2018. Based on technology, segmented into lymphoscintigraphy, magnetic resonance imaging (MRI), ultrasound imaging, computed tomography (CT), X-ray lymphography, bioimpedance analysis, and near-infrared fluorescence imaging. In 2018, the lymphoscintigraphy segment accounted for the largest share of the Lymphedema Diagnostics Market. The noninvasive nature and easy reproducibility of this technology, and the fact that lymphoscintigraphy does not adversely affect the lymphatic vascular endothelium are some of the key advantages supporting the adoption of this technology. The cancer segment accounted for the largest share of the market in 2018. On the basis of disease type, segmented into cancer, inflammatory diseases, cardiovascular disease, and other diseases (congenital abnormalities, trauma-related conditions, infections, and filariasis). The cancer segment accounted for the largest share of the Lymphedema Diagnostics Market in 2018. The large share of this segment can be attributed to the rising prevalence of cancer-associated lymphedema and increasing awareness about early disease diagnosis. The hospitals segment accounted for the largest share of the market in 2018. On the basis of end user, the Lymphedema Diagnostics Market is segmented into hospitals, diagnostic centers, research & academic institutes, and other end users (pharmaceutical & biotechnology companies and CROs). The hospitals segment accounted for the largest share of the market in 2018. The large share of this segment can be attributed to the large number of lymphedema diagnostic procedures performed in hospitals, the growing adoption of minimally invasive procedures, and the rising adoption of advanced imaging modalities to improve workflow efficiency in hospitals. Request Sample Pages: North America to dominate the Lymphedema Diagnostics Market during the forecast period The lymphedema diagnostics therapy market is segmented into four regional segments, namely, North America, Europe, the Asia Pacific, and the Rest of the World. The large share of North America can be attributed to factors such as the easy availability and rapid adoption of technologically advanced imaging systems; high incidence/prevalence of lymphedema; and the strong, well-established healthcare systems. The market in the Asia Pacific is expected to grow at the highest rate, followed by Europe. The major players operating in the Lymphedema Diagnostics Market are GE Healthcare (US), Philips (Netherlands), and Siemens Healthineers (Germany). Other prominent players in this market include Canon, Inc. (Japan), Shimadzu Corporation (Japan), Stryker Corporation (US), Fluoptics (France), United Imaging Healthcare Co., Ltd. (China), Hitachi, Ltd. (Japan), Esaote, SpA (Italy), Neusoft Corporation (China), Mindray Medical International, Ltd. (China), Mitaka USA, Inc. (US), Curadel, LLC (US), and ImpediMed Ltd. (Australia).
How COVID-19 Impacted Additive Manufacturing Market in Pharmaceutical Industry ?
COVID-19 Impact on Additive Manufacturing in Pharmaceutical Industry The outbreak of Coronavirus has caused many industries to change the way they operate, and manufacturing industry is no exception. Also, the rise in demand of antiviral drugs was observed along with decrease in demand of drugs for other ailments. The European Fine Chemical Group estimated that 80% and upward of chemicals used in the making pharmaceuticals sold in the Europe region originate from China and India. Everyday millions of patients rely on drugs manufactured and supplied by pharmaceutical industries; shortage of any particular medicine may create chaos. Manufacturers served throughout the pandemic and are still operating to prevent such turmoil. IMPACT ON DEMAND The Coronavirus led to the widespread closure of local manufacturing plants and companies and has badly affected the various region of world. Due to extensive lockdown and isolation the economic activity has affected adversely which has impacted the global economic activity. Manufacturers began to diversify sourcing of raw materials along with investment in spreading production in different regional markets instead of concentrated markets such as India and China. Likely to be long term effect is reindustrialization of pharmaceutical production in countries such as the United States and Europe in order to minimize dependency on imported products, this would lead to rise in demand of additives in above mentioned countries. Moreover the increasing cases of COVID-19 have also paved the way for enhanced demand of additives but due to movement restrictions same decrease in sales was recorded. For instance, · In January 2021, BASF SE had no indication of any major effect on the global activities and supply chain of our BASF Nutrition & Health sector comprising of BASF Pharma Solutions, BASF Animal Nutrition, BASF Human Nutrition, BASF Enzymes and BASF Fragrance Ingredients owing to the COVID-19 pandemic. · In 2020, DuPont de Nemours, Inc. recorded decrease in earning of excipients sales, which belonged to Nutrition and Biosciences segment. This thus signifies that increasing prevalence of COVID-19 poses a life threatening effect to various types of patients already suffering from several kinds of disease among the most recent known COVID-19 pandemic. Thus the demand of effective treatment option that is antiviral drug has enhanced the supply for short term. This thus demonstrates that COVID-19 is accelerating the demand of additive market. PRICE IMPACT Throughout year 2020 the COVID-19 pandemic caused economic turmoil globally, the pharmaceutical industry in particular had to adapt quickly to minimize the impact on its operations and supply chain of drugs worldwide. Raw materials and additives rates have increased due to reduced supplies and delayed manufacturing plans, and shut downs in some countries. The price of additives and raw materials has increased during the COVID-19 pandemic due to numerous air travel restrictions and inefficiency to supply products. For instance, · The shortage has begun to affect API and bulk prices in trades, the average increase in India was reported to be about 10-15%, and is estimated to reach 50% in some cases. · WACKER Chemie AG a Germany based company is about to raise its prices for dispersions and solid resins in Europe, Africa and Middle East region stating that this measure has been necessitated by rise in price of raw materials cost in market. · The Edelweiss Securities predicted that COVID-19 pandemic would cause severe supply disruptions in pharma sectors causing earing cuts by 15%. But globally pharma companies are performing well, in short term most companies are expected to bounce back in five years. This thus signifies that due to COVID-19 pandemic the price of additives used in pharmaceutical productions have increased due to Coronavirus outspread. IMPACT ON SUPPLY As COVID-19 spreading began in China the surge of medicines has been enhanced due to increasing patient’s volume which put a pressure over the supply of pharmaceutical additives. Moreover the COVID-19 pandemic has changed the business environment for more organizations across the globe. Around the world many companies are hugely reliant on supplies and production in China. However the market players are adopting several initiatives in order to maintain a continuous supply of additives. For instance, · As per the news of September, 2020 this has been suggested that Sandoz is working closely with the Association for Accessible Medicines in order to enhance the global pharmaceutical supply chain. · In 2020, Ashland which is an essential supplier, their supply chain continued to operate safely receive, process and ship specialty products during COVID-19. · As per November 2020 Merck KGaA a company specialized in additives and chemicals stated that it continued to leverage their business continuity plans including risk mitigation activities, accelerated investments and adjusted production schedules for few high demand products. · According to the news of March 2020, Roquette Frères stated that they are working in order to minimize the COVID-19 impact on its supply chain. · As per February 2020, FDA closely monitored supply chain with the possibility of potential disruptions in supply of critical medical products in the U.S. Manufacturers alerted FDA about recently added drugs in drugs shortage list. · DFE Pharma claims that their continued production and supply during the pandemic was not affected in Netherlands, India, Germany and New Zealand. Apparently due to COVID-19 effects on global transport industry the shipping companies are charging more than usual. This suggests that increasing prevalence of COVID-19 poses threat for maintaining a continuous supply chain of additives while initiative adopted by market players allows them to manage a continuous supply chain. STRATEGIC DECISIONS OF MANUFACTURERS Additive manufacturing companies are taking so many strategic decisions in order to cope up with the current scenario of COVID-19 pandemic. The companies engaged in manufacturing of additive manufacturers are collaborating so as to accelerate the market growth. Companies have already taken several kinds of strategic initiatives in order to cope up with the Coronavirus situation. Strategic initiatives by market players such as Dow, Ashland, Kerry, BASF SE among others in the market will help them to expand their network and supply chain. This in turn will lead to increasing product sales and hence will enhance the overall company’s revenue. For instance, · In May 2020, Dow during the COVID-19 pandemic was working closely with government officials and medical professionals, using guidance to adjust plans as warranted. · In April 2020, the U.K.’s Medicines and Healthcare Products Regulatory Agency (MHRA) published guidelines on Exceptional GMP flexibilities which allow manufacturers to increase their production capability to minimize risk of product shortage using quality risk management principles and to navigate through international travel restrictions imposed due to COVID-19. · In April 2020, Lubrizol enabled 1 Billion bottles of hand sanitizer globally every month to increase its Carbopol polymer production, which is used as a thickener. The increasing demand and sales of antiviral drugs are fuelling the growth of additive manufacturing in pharmaceutical market. Thus, companies operating in the additive manufacturing in pharmaceutical market are adopting several strategies, including agreements, market expansion to enhance their business. These strategic decisions by the market players helped them to attain a lucrative growth even during the COVID-19 pandemic. CONCLUSION As the pandemic of COVID-19 has resulted in several restrictions throughout the borders but still manufacturers of additive manufacturing in pharmaceutical are able to manage their stocks. The demand and supply of pharmaceutical products increased rapidly due to given medical emergency. Drug shortage caused due to the pandemic is expected to remain limited this way for a short period, also if the pandemic exceeds the shortage of pharmaceutical APIs, chemicals and additives may persist on causing shortage of supply in long run. This would also effect complications in distribution especially due to population movement restrictions across the globe. Various manufacturers are continuously engaging in constantly monitoring the supply chain so as to attain a lucrative growth. The activities and certain changes from COVID-19 would reduce dependency of private pharmaceuticals on alone suppliers such as China.
Significant COVID-19 Impact on Level Sensors in Semiconductors & Electronics Industry
COVID-19 Impact on Level Sensors in Semiconductors and Electronics Industry ANALYSIS ON IMPACT OF COVID-19 ON THE MARKET COVID-19 originated in the city of Wuhan, China in 2019 and has been continuously spreading worldwide since then. It has been extended to more than 180 and the U.S. tops the list, followed by India, Brazil, France and Turkey. As of 16th July 2021, World Health Organization (WHO) reported 188 million positive cases worldwide, of which 4.06 million patients lost their lives to the virus. On a positive note, 172 million patients have recovered and 3.4 billion people have been vaccinated. The pandemic has put the lockdown, travel ban and business shutdown in most countries, impacting the global economy. All the significant industries face severe disruption such as a break in the supply chain, shut down of offices and manufacturing units and many more due to the pandemic. However, the demand for the level sensor has drastically increased in automation industries with large-scale manufacturing and storage of liquids or powdered materials. Level sensors play a crucial role in effluent tanks for wastewater management, distribution of clean water and pump stations for irrigation systems, increasing demand in the market. Also, the increase in demand of level sensors in the oil and gas sector has raised the market's growth. STRATEGIC DECISION BY MANUFACTURERS AFTER COVID-19 Manufacturers are making many strategic decisions to come back to the market post-COVID-19. The companies are conducting many research and development activities to improve the technology involved in level sensors. With this, the companies are bringing more advance and accurate sensors to the market. Also, the use of advanced level sensors by government authorities in water management has led to the market's growth. Many companies to increase their market reach and business has done partnership with other companies or acquired other companies. For instance, · ABB's AquaMaster flowmeters have helped The Metropolitan Waterworks Authority (MWA) to save water. The Authority produces and supplies drinking water to over 11 million people in Bangkok, Nonthaburi and Samutprakarn. Over 400 AquaMaster flowmeters actively serve the Bangkok Metropolitan area helping optimize the management of the water distribution network. GSM-SMS radio technology enables accurate, early warnings on leaks to the MWA central control room. With this, the company has provided a tool that offers high-resolution data that facilitates step testing, leakage detection and water network analysis in the Bangkok Metropolitan area. · Siemens introduced Sitrans LR250 PLA (polypropylene lens antenna) radar level measurement transmitter, a field-proven device delivering reliable level readings for inventory management or critical process control. The transmitter has HART (Highway Addressable Remote Transducer), Profibus PA, or Foundation Fieldbus protocols to support the digitalization journey. Also, the transmitter has proven to be a reliable performer for bulk liquid storage tanks, process vessels with agitators, vaporous liquids and low dielectric media. · In March 2020, TE Connectivity Ltd., a global industrial technology company with leading positions in connectivity and sensing solutions, completed the acquiring of First Sensor AG and held 71.87% shares of First Sensor. The acquisition helps to support the growth strategy of TE's sensors business and TE Connectivity as a whole. Also, the company will be able to expand its product base, including innovative solutions, market-leading sensors, connectors and systems, plus best-in-class capabilities. IMPACT ON DEMAND AND SUPPLY CHAIN The rapid adoption of level sensors in the energy and power industries leads to its growth in the market. The rise in the demand for automated industrial operations is indirectly inducing high demand for level sensors. The adoption of level sensors in the food and beverage industry has also increased the market growth rate. The increase in the contactless solution of the level sensor has raised its demand in the market. Also, the use of the level sensor in the oil and gas sector has augmented the market's growth. For instance, · In June 2021, Emerson has introduced the Rosemount 1408H Level Transmitter, a non-contacting radar device designed specifically for the food and beverage industry. Its features include a hygienic compact design, fast sweep technology, exceptional radar beam focusing and IO-Link communications, helping manufacturers optimize their operations' efficiency, reduce product losses and ensure food safety. The company has provided its clients with level measurement technology for applications that require stringent hygienic facilities and equipment. · In March 2021, KROHNE has introduced the AF-E 400 ultra-compact electromagnetic flowmeter for utilities and industrial automation applications. It is specially designed to fit in applications with little installation space, such as in cooling lines of welding equipment, bending machines and robots, or on chemical dosing skids. It features stainless steel housing and is suitable for continuous use at +90°C/ +194°F liquid temperature, allowing for very demanding cooling and hot water applications. Thus the company has provided an advanced electromagnetic flowmeter. · In October 2020, NOHKEN Inc. announced the release of Tuning Fork Level Sensor for liquids application. The sensor has excellent durability and is corrosion resistance, compatible with most of the liquids. Also, it has operation check and failure diagnosis functions. The sensor is also compact and has no mounting direction and AC/DC free supply power is available. The COVID-19 pandemic and the consequent lockdowns worldwide have massively disrupted global logistics and supply chains. This has caused new challenges for manufacturing and distribution operations. The increased restrictions on goods' movement have caused havoc in the industry. China, the world's largest manufacturer of raw materials and finished products, has shut down all the manufacturing units due to the spread of viruses. As the raw material was not supplied, level sensor manufacturers worldwide have to face the shortage of the material and could not cater to the customers' demand. CONCLUSION The level sensor market has tremendously evaluated in the last few years. The advancement in technology has provided higher accuracy, efficiency, easy installation and level sensor maintenance, leading to its growth in the market. The increasing use of the level sensor in the oil and gas industry has raised its demand in the market. The new advanced and accurate sensors in the market have increased the government sector's need for the level sensor. Also, the adoption of this technology in different industries such as food and beverage, power generation, chemical and others has led to the market's growth. Also, the contactless solution provided by the company has raised the demand for the level sensor in the market.