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Innovations in Antimicrobial Additives Enhance Hygiene and Safeguard Public Health

Antimicrobial additives have emerged as a crucial technology in consumer products and industrial applications. These additives are designed to inhibit the growth of microorganisms on various surfaces, thereby enhancing product longevity, hygiene standards, and overall safety. As the demand for antimicrobial protection continues to rise across sectors such as healthcare, packaging, textiles, and food processing, the global antimicrobial additives market is experiencing significant growth and evolution.

Antimicrobial additives are substances infused into materials during manufacturing to prevent the growth of bacteria, fungi, algae, and other microbes. They work by disrupting the cellular processes of microorganisms, thereby inhibiting their growth and reproduction. Common antimicrobial agents used in these additives include silver ions, copper ions, zinc pyrithione, quaternary ammonium compounds (QACs), and triclosan, among others.

Access the Antimicrobial Additives Market Size, Share & Trends Analysis Report 2024-2030, published by Grand View Research

Market Drivers

Increasing awareness about the importance of cleanliness and hygiene, especially in healthcare settings and public places, is a significant driver of the antimicrobial additives market. Consumers are more conscious about the transmission of infections and are seeking products that offer antimicrobial protection. Hospitals, clinics, and other healthcare facilities require stringent infection control measures. Antimicrobial additives in medical devices, equipment, and surfaces help in reducing the risk of healthcare-associated infections (HAIs).

In the consumer goods sector, antimicrobial additives are incorporated into products such as textiles, household appliances, and personal care items. The desire for products that stay cleaner and fresher for longer periods is boosting the demand for antimicrobial-treated goods.

Regulatory bodies across the globe are increasingly emphasizing hygiene and safety standards in various industries. This regulatory support encourages manufacturers to incorporate antimicrobial additives into their products to meet compliance requirements.

Challenges of the Antimicrobial Additives Market

Environmental concern is the biggest challenge in the market for antimicrobial additives. Some antimicrobial additives, such as triclosan, have faced scrutiny due to their potential environmental impact and health concerns. Regulatory restrictions and consumer preferences for eco-friendly alternatives pose challenges to the market growth of certain antimicrobial agents.

There is ongoing concern about the development of antimicrobial resistance among microorganisms when exposed to antimicrobial agents over time. This necessitates continuous research and development efforts to innovate new antimicrobial technologies. Moreover, the incorporation of antimicrobial additives can add to the production costs of materials and products. Manufacturers need to balance the benefits of antimicrobial protection with cost-effectiveness to maintain competitiveness in the market.

Order Your Sample Copy of the Antimicrobial Additives Market Size, Share & Trends Analysis Report By Type (Organic, Inorganic), By Application (Plastics, Paints & Coatings, Pulp & Paper), By End-use, By Region, And Segment Forecasts, 2024 – 2030

Global Market Insights

The global antimicrobial additives market stood at USD 3.11 billion in 2023. This is expected to cross USD 5.60 billion by 2030, growing at a compound annual growth rate (CAGR) of 9.0%. The industry is dominated by the Asia Pacific region, which accounted for over 38.0% share of the global revenue in 2023. The regional market is driven by the growth of major industries such as automotive, construction, healthcare, food and beverage, and packaging, among others. The robust manufacturing base of the automotive industry in countries such as China, India, and Japan is expected to boost the demand for antimicrobial additives in the near future.

The North American region also holds a significant share in the antimicrobial additives market due to stringent regulatory standards and high healthcare expenditure. At the same time, increasing consumer awareness regarding hygiene and growing demand in industries such as food processing and packaging are driving market growth in Europe.

Competitive Landscape and Future Outlook

The antimicrobial additives market is highly competitive, with several key players dominating the industry. Companies are focusing on research and development to introduce innovative antimicrobial technologies and expand their product portfolios. Strategic collaborations, mergers, and acquisitions are also prevalent strategies among market players to strengthen their market position. For example, BioCote Ltd. entered into a strategic partnership with Eco Finish in July 2023 to leverage the technology for antimicrobial surfaces in residential & commercial pools, delivering additional safety and protection for swimmers.

NanoBioMatters Industries S.L, RTP Company, BASF SE, Milliken Chemical, Microban International, BioCote Ltd., Clariant AG, Momentive Performance Materials Inc., Life Materials Technologies Ltd., PolyOne Corporation, SteriTouch Limited, Sanitized AG, LyondellBasell Industries Holdings B.V., Dow Inc., Plastics Color Corporation, and Lonza are some of the key companies operating in the global antimicrobial additives market.

The future of the antimicrobial additives industry looks promising with continued advancements in technology and increasing application across various industries. Key trends shaping the market include:

The development of sustainable antimicrobial solutions.
Integration of antimicrobial properties in smart textiles and wearable devices.
The expansion of antimicrobial additives into new application areas.

Although the market faces some challenges, such as environmental concerns and regulatory scrutiny, ongoing innovation and increasing awareness about infection control are expected to drive market growth. As global demand for antimicrobial protection continues to rise, stakeholders across industries are poised to capitalize on the expanding opportunities presented by this dynamic market.

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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Endoscopes Market Driven by Growing Prevalence of Gastrointestinal, Respiratory, and Urological Disorders Requiring Early Detection

The global endoscopes market size is expected to reach USD 37.1 billion by 2030, registering a CAGR of 8.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. Growing awareness levelsabout minimally invasive surgical procedures and the increasing prevalence of chronic disorders are the major factors accelerating the market growth. The benefits, such as less surgery-related blood loss, no muscle cutting, and quicker recovery, offered by minimally invasive surgeries boost the adoption of endoscopic procedures over traditional/open invasive surgeries. In addition, advancement in endoscopic technology and rapid increase of its application to diagnose and treat various diseases are other key factors anticipated to propel the market growth over the forecast years. The flexible endoscopes product segment dominated the market in 2023.

This is attributed to the high demand for these devices considering their unique features, such as the ability to reach viscera and cavities, better safety and efficiency, and improved ergonomic features. These devices are most commonly used in several endoscopic procedures, such as esophagogastroduodenoscopy (EGD), bronchoscopy, sigmoidoscopy, laryngoscopy, pharyngoscopy, nasopharyngoscopy, rhinoscopy, and colonoscopy procedures, which supports the product demand and segment growth.

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In 2023, the outpatient facilities end-use segment dominated the market. Increasing adoption of endoscopes across outpatient facilities such as ambulatory surgery centers and diagnostic clinics for the early diagnosis and detection of several life-threatening diseases is supporting the segment growth. In addition, the introduction of keyhole endoscopic surgeries with minimal discomfort and faster recovery time also boosts the segment growth. In addition, North America held the largest revenue share in 2023 owing to its better healthcare infrastructure, high preference for minimally invasive surgical procedures among individuals, and quick adoption of advanced technologies. The increasing burden of functional gastrointestinal disorders and cancer is anticipated to further propel market growth in this region. For instance, as per the data reported by the National Cancer Institute, in 2020, over 1.8 million new cancer cases were estimated to be diagnosed in the U.S.

Several industry consolidation activities, such as mergers & acquisitions, and partnerships have resulted in a strong market share of the global market. Manufacturers in the market are also focusing on launching new endoscopes with advanced features as per patients’ requirements, to enhance their market share and consumer base. For instance, in January 2021, Karl Storz SE & Co. KG announced the launch of Image 1 S Rubina, which combines multimode fluorescence imaging with 4K resolution for endoscopy procedures. The toggling between white light and fluorescence modes allows surgeons to set it per surgical needs.

Order Your Sample Copy of the Endoscopes Market Size, Share & Trends Analysis Report By Product (Disposable, Flexible, Rigid), By End Use (Hospitals, Outpatient Facilities), By Region, And Segment Forecasts, 2024 – 2030

Endoscopes Market Report Highlights

Based on product, the flexible endoscopes segment held the largest revenue share in 2023 owing to its unique features, such as the ability to reach viscera & cavities, better safety & efficiency, and improved ergonomic features

In terms of end-use, the outpatient facilities segment held the largest revenue share in 2023 due to widespread adoption of keyhole or minimal invasive surgeries across these facilities

North America dominated the market in 2023 owing to various factorsincluding the increasing burden of functional gastrointestinal disorders, improved healthcare infrastructure, and the growing preference for minimally invasive surgeries to curb healthcare spending.

Recent Developments

In November 2023, Olympus Corporation (Olympus), launched EVIS X1, its next-generation endoscopy system in China. This endoscopy system has been demonstrated at the 6th annual China International Import Expo that was held in Shanghai from November 5th -10th.

In March 2023, AIG Hospitals in Hyderabad launched a Center of Excellence (CoE) in collaboration with Boston Scientific. This collaboration aims to enhance healthcare services by providing advanced treatment options and expertise in various medical fields.

In January 2023, FUJIFILM India has launched FushKnife, a diathermic slitter and ClutchCutter, a rotatable forceps. The products were introduced at the 63rd Annual Conference of Indian Society of Gastroenterology-ISGCON in Jaipur.

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Increasing Demand for Sustainable Construction Propels the Waterproofing Membranes Market

The growing demand from the waste and water management sector has given a boost to the waterproofing membrane market in the recent few years. Waterproofing membranes are crucial components in construction, designed to protect buildings from water ingress and ensure structural integrity. As urbanization continues to drive demand for durable and sustainable infrastructure, the waterproofing membrane industry is expected to witness significant growth.

The global waterproofing membrane market size was pegged at USD 24.54 billion in 2023. This is expected to cross USD 40 billion by 2030, growing at a CAGR of 8.5% from 2024 to 2030. In recent years, the market has seen a shift toward advanced materials such as modified bitumen, EPDM (ethylene propylene diene terpolymer), PVC (polyvinyl chloride), TPO (thermoplastic polyolefin), and others. These materials offer superior durability, flexibility, and resistance to environmental factors, thereby expanding their application scope across roofing, walls, tunnels, and basements.

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Technological Innovations and Product Developments

Advancements in technology have played a pivotal role in the evolution of waterproofing membranes. Manufacturers are focusing on developing membranes that are easier to install and offer enhanced resistance to chemicals and UV radiation. For instance, self-adhesive membranes have gained popularity due to their convenience and efficiency in application.

Additionally, the integration of nanotechnology in membrane formulations is opening new avenues for improved performance characteristics, such as self-healing properties and increased tensile strength. These innovations are not only addressing traditional challenges but also paving the way for sustainable solutions in the construction industry.

Future Outlook

The waterproofing membrane market presents lucrative opportunities for stakeholders across the construction value chain. By leveraging technological innovations, expanding product portfolios, and adapting to evolving regulatory landscapes, companies can position themselves for sustained growth and success in this dynamic market.

The future of the waterproofing membrane market looks promising, driven by a combination of technological advancements, evolving regulatory landscapes, and increasing emphasis on sustainability in construction practices. Let us have a look at some of the key factors shaping the market’s outlook:

Technological Advancements: Technological innovations continue to redefine the capabilities of waterproofing membranes. Manufacturers are investing in research and development to enhance product performance, durability, and ease of installation. Self-healing membranes, nanotechnology-infused materials for enhanced strength and flexibility, and smart membranes that can monitor structural integrity in real-time are some of the cutting-edge developments expected to gain prominence.

Order Your Sample Copy of the Waterproofing Membranes Market Size, Share & Trends Analysis Report By Product ((Liquid Applied), Sheet (PVC, EPDM)), By Application (Roofing, Building), By Raw Material, By Construction, And Segment Forecasts, 2024 – 2030

Sustainability Initiatives: Sustainability is becoming a critical driver in the construction industry, influencing material choices and building practices. Waterproofing membranes play a crucial role in achieving energy efficiency, reducing carbon footprint, and improving indoor environmental quality. As regulations tighten globally to promote sustainable building practices, there is a growing demand for eco-friendly membranes made from recyclable materials.

Urbanization and Infrastructure Development: Rapid urbanization, particularly in emerging economies of Asia-Pacific, Latin America, and Africa, is expected to fuel significant growth in the waterproofing membrane market. Infrastructure projects such as roads, bridges, tunnels, and residential complexes require robust waterproofing solutions to ensure longevity and structural integrity. Investments in smart cities and sustainable urban development initiatives are also expected to create new opportunities for innovative waterproofing technologies.

Integration with Digital Technologies: The integration of digital technologies such as Building Information Modeling (BIM), the Internet of Things, and Artificial Intelligence is transforming the construction industry. Waterproofing membranes equipped with smart sensors and data analytics capabilities can provide real-time insights into building performance, maintenance needs, and predictive maintenance, thereby enhancing operational efficiency and lifecycle management.

To summarize, the future of the waterproofing membrane market is characterized by innovation, sustainability, and resilience. As stakeholders embrace advanced technologies, adhere to stringent regulatory standards, and respond to the growing demand for eco-friendly solutions, the market is poised for sustained growth and evolution. By aligning with these trends and leveraging opportunities in emerging markets, companies can navigate challenges and capitalize on the expanding scope of waterproofing solutions in global construction projects.

BASF SE, GAF Materials Corporation, Paul Bauder GmbH & Co. KG, Kemper System America, Inc., CICO Technologies Ltd., GAF Materials Corporation, Alchimica Building Chemicals, Fosroc Ltd., Maris Polymers, Bayer MaterialScience AG, and Isomat S.A. are some of the key companies in the global waterproofing membrane market.

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Surging Demand for Construction Equipment Fuels Market Expansion Across Residential and Commercial Sectors

The construction equipment market is at the edge of advancement due to the consistent development of innovative equipment and trending technologies. Construction is the foundation of urbanization, giving a new face to infrastructure and, in turn, transforming villages into smart cities. This sector necessitates advanced equipment to perform various tasks, including developing infrastructure and transporting heavy construction materials. This market is creating opportunities for various raw material dealers, equipment manufacturers, and suppliers.

As the market evolves continuously, the development of transformative equipment is on the surge. Such a trend improves safety, efficiency, and sustainability. Nowadays, market players are making efforts and investing largely in developing advanced technology-savvy and efficient equipment, thereby accelerating their demand in the market.

The global construction equipment market size was valued at USD 207.14 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 8.4% from 2024 to 2030.

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Why End-Users Need Superior and Efficient Construction Equipment?

Building a successful construction business demands investments in construction equipment for convenience and decision-making. This equipment not only offers comfort but also provides efficient transport of raw materials. The equipment comprises several raw materials, such as aluminum, steel, ferrous, and non-ferrous metals, which are anticipated to offer growth opportunities for business owners.

This equipment can be utilized to reduce costs and elevate productivity by replacing manual tasks with technology. Employing manpower requires increased costs and possesses a high risk of errors, which can be resolved by high-end technology and serves more economical option for businesses.

Latest Advancements in Construction Equipment: Bringing Growth Opportunities for Future

The construction equipment market is witnessing advancements in several sectors as follows:

Robotics

Recently, robotics has been integrated into the construction sector to execute various tasks, including concrete pouring, destruction, and more. These robotic machines are accurate, highly efficient and can perform well in high-risk conditions, surpassing the need for human labor.

Drone Technology

The drone plays a prominent role in the construction domain by performing activities such as site-seeing, inspecting, and monitoring the equipment’s location and surroundings. Drones are built with high-resolution cameras and sensors. Moreover, the image-capturing abilities of drones offer significant insights to builders and construction workers.

Augmented Reality (AR) and Visual Reality (VR)

The construction industry is changing vigorously due to the integration of AR and VR training programs. These technologies offer informative, hands-on training experiences with low risk in the construction sector.

Order Your Sample Copy of the Construction Equipment Market Size, Share & Trends Analysis Report By Product (Earth Moving Machinery, Material Handling Machinery), By Equipment Type, By Propulsion Type (ICE, Electric, CNG/LNG), By Power Output, By Engine Capacity, And Segment Forecasts, 2024 – 2030

Telematics

The telematics sector is advancing the construction domain to a larger extent. This involves transmitting data from remote construction equipment to central monitoring systems, thereby providing efficiency. It also serves real-time data for exact location, equipment performance, and maintenance needs.

Internet of Things (IoT)

The implementation of IoT devices in construction equipment enables seamless communication among connecting machines, operators, and project managers. Such IoT-linked equipment can effectively track construction activities, report issues, optimize performance, and produce high-quality work.

3D Printing

3D printing technology is positively influencing the construction equipment market. With the help of 3-D printers, complex structures can be created using concrete, plastic, and metal materials. This technology reduces waste, fastens construction activities, and offers greater design flexibility.

Prefabrication Techniques

Prefabrication is the latest trend, gaining attention in the construction equipment sector. This is a process of manufacturing in which building components are manufactured off-site and they are get assembled on-site using automation and robotics. Such trends reduce the time and improve quality.

Conclusion

With the efficient and well-implementation of innovation and technology, the construction equipment market will be boosted with brighter growth opportunities. The consistent efforts of manufacturers and construction experts are anticipated to transform the growth trajectories in this market in the coming years.

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Navigating the Evolving Landscape of Bioanalytical Testing Services: Insights and Opportunities

Bioanalytical testing services are used to extract and determine biological samples such as plasma, viruses, nucleic acids, cells, bacteria, proteins, metabolites, drugs, and other molecular bio substances. Market conditions are constantly evolving, and the future of pharmaceutical and biotechnology is dynamically changing due to research and developments.

The bioanalytical testing services market consists of critical components, such as the drug development process. Similarly, the market continues to witness technological advancements and a growing focus on biopharmaceuticals, and the demand for specialized and efficient bioanalytical testing services has reached new heights. For instance, as per Grand View Research, the global bioanalytical testing services market was estimated at USD 4.33 billion in 2023.

Access the Bioanalytical Testing Services Market Size, Share & Trends Analysis Report 2024-2030, published by Grand View Research

Trend of Outsourcing

Biotechnology and pharma companies are increasingly outsourcing their bioanalytical testing requirements to specialized firms to fulfill their needs. Therefore, specialized bioanalytical testing services providers are showing a trajectory of growth. Outsourcing is helping companies enhance their operational efficiency in other aspects and focus on their core competencies. This trend has led to the rise of a robust and thriving bioanalytical testing services market, which is expected to grow at a CAGR of 9.0% from 2024 to 2030, projected by Grand View Research.

Technological Progress

Due to the increased pace of technological change, the market is witnessing a transformational phase of bioanalytical testing services. The integration of advanced tech solutions in Liquid Chromatography-mass Spectrometry (LC-MS) and other advanced analytical methods for immunoassays is helping the market grow. The integration of technology enables us to ensure higher accuracy and swift and reliable bioanalytical testing services.

Order Your Sample Copy of the Bioanalytical Testing Services Market Size, Share & Trends Analysis Report By Molecule (Small, Large), By Test (ADME, PD, PK, Others), By Workflow, By Application, By End Use, By Region, And Segment Forecasts, 2024 – 2030

Focus on Biopharmaceuticals:

As the biopharmaceutical industry expands due to the increasing number of biologics being developed and approved, there is a corresponding surge in the demand for specialized bioanalytical testing services. These services are customized to address the unique challenges and characteristics of complex biomolecules, ensuring the safety, efficacy, and quality of biopharmaceutical products.

Market Scope & Way Forward

The bioanalytical testing services market can be divided into different types of molecules, such as small molecules and large molecules (biologics), which increases the demand for various testing services. These services include immunoassays, LC-MS studies, pharmacokinetics (PK), and anti-drug antibody (ADA) analysis.

The market is further categorized into absorption, distribution, metabolism, and excretion (ADME), Pharmacokinetics (PK), pharmacodynamics (PD), bioavailability, and bioequivalence testing, among others.

The market consists of workflow processes that encompass sample preparation, including protein precipitation, liquid-liquid extraction, and solid-phase extraction, as well as sample analysis utilizing techniques such as hyphenated methods, electrophoresis, chromatography, mass spectrometry, ligand binding assays, and nuclear magnetic resonance.

Bioanalytical testing applications can be segmented into various types such as therapeutic areas include oncology, gastroenterology, neurology, infectious diseases, and cardiology, among others.

The end-use segment includes pharmaceutical and biopharmaceutical companies, contract development and manufacturing organizations (CDMOs), and contract research organizations (CROs).

Summing up

The market is experiencing major outsourcing from the biotech and pharma companies, which denotes that bioanalytical testing services are in demand in the market. Similarly, the market is witnessing ongoing technological advancements and shifting focus on biopharmaceuticals is driving the market growth. As the pharmaceutical and biotechnology industries continue to evolve, the bioanalytical testing services market will play a pivotal role in accelerating drug development, ensuring the safety and efficacy of new therapeutics, and ultimately, improving patient outcomes with more speed and accuracy.

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Innovative Solutions Driving the Electric Vehicle (EV) Charging Infrastructure Market Forward

The electric vehicle (EV) charging infrastructure market is anticipated to witness an upward growth curve in the near future. This growth can be attributed to the global concern about climate change and the requirement for eco-friendly alternatives, which have led consumers to adopt electric vehicles. Electric vehicles have approximately zero percent CO2 emissions and are increasingly reducing the dependence on fossil fuels. The increasing adoption of electric vehicles worldwide has led to a significant increase in the requirement of charging infrastructure needed for electric vehicles, which in turn is fueling the growth of the market for EV charging infrastructure.

The market is further boosted by the growing affordability of lithium-ion batteries, making EVs a more accessible and attractive choice to a wider range of population. Economic incentives offered by various governments worldwide are likely to be a major driving factor in the EV charging infrastructure landscape. Government regulations and tax exemptions are playing an important role in promoting EV adoption, which in turn is driving the demand for EV charging infrastructure solutions.

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According to a new report by Grand View Research Ltd, the global market for EV charging infrastructure was estimated at USD 25.83 billion in 2023 and is projected to grow at a CAGR of 25.4% from 2024 to 2030.

Types of Charging Technologies

The technologies involved in EV charging infrastructure solutions are in an evolving stage. There are basically three types of EV charging categories:

Level 1 Charging: This is the slowest and simplest form of charging. It is done using a 120-volt AC outlet, the same as a standard household outlet in the US. This charging is convenient as it does not require any additional hardware equipment or costs. It may take up to 12 hours to charge an EV.
Level 2 Charging: This type charges the EV faster than Level 1 charging. It uses a 240-volt AC supply to charge an EV battery in a few hours. This is the most common type of public and home charging and is compatible with all EVs.
DC Fast Charging (DCFC) or Level 3 Charging: The DCFC is the fastest to charge an EV battery to 80% in as little as 30 minutes. This technology, although fast, requires additional costly and complex equipment.
Wireless Charging: This technology is still in its nascent stage, and if implemented successfully, it can charge EVs without any connectors or while driving on roadways.

Developments/Innovations in the EV Charging Infrastructure Industry

With the potential growth of the EV market, the demand for faster and more convenient charging options is driving the development of more Level 2 and DCFC stations. Many electric vehicle charging infrastructure providers are innovating to enhance their offerings. For example, Leviton Manufacturing Co., Inc., in January 2023, planned to launch a new EV Series of Level 2 charging stations. These stations, available in 32-, 48-, and 80-amp versions, will be compatible with the My Leviton app and designed to charge all EV models in North America efficiently.

The electric vehicle charging infrastructure market is witnessing many innovations, which also can enhance and improve the existing charging technologies. The integration of on-site energy resources and smart energy management systems is an important development in this regard. This innovation allows for the optimization of energy usage and cost efficiency, making EV charging more sustainable and accessible. The shift of charging infrastructure operators to Open Charge Point Protocol (OCPP) 2.0.1 is also noteworthy, as this protocol tries to standardize the communication between EV charging stations and management systems, which can ensure better interoperability.

Order Your Sample Copy of the Electric Vehicle (EV) Charging Infrastructure Market Size, Share & Trends Analysis Report By Charger Type, By Connector, By Level Of Charging, By Connectivity, By Application, By Region, And Segment Forecasts, 2024 – 2030

The bidirectional charging technology is another revolutionary step in the EV charging solution. This technology allows EVs not only to draw power from the grid but also to supply electricity back to it, which effectively makes EVs into mobile energy storage units. This technology can enhance grid stability and promote the use of renewable energy sources. Furthermore, wireless EV charging is moving from early adoption to roadway trials, where charging is seamless and integrated into the driving experience.

A few of the key players in the EV charging infrastructure market include bp pulse; Tesla, Inc.; Chargepoint Inc.; and ABB Ltd. Conventional automotive manufacturers such as Kia Motors, Volvo, Ford, and Mercedes-Benz are also partnering with charging infrastructure providers to ensure convenient access to charging stations for their customers using their new EV variants. Companies such as Ecotap, Delta Electronics, and Enel X are looking forward to the development of solar-powered electric vehicle charging stations, which may be a shift towards more sustainable energy sources.

In Conclusion

These developments indicate a dynamic market that is rapidly adapting to the growing demand for electric vehicles and the requirement for faster, more cost-effective, and easily available charging solutions.

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Thriving Lubricants Sector: Uncovering Growth Prospects from 2023 to 2030

Lubricants Industry | Forecast 2030

The economic value generated by the lubricants industry was estimated at approximately USD 134.65 billion in 2022. This economic output is an amalgamation of basic lubricant product categories namely, industrial, automotive, marine, and aerospace lubricants.

The global lubricant industry has been witnessing a significant change, particularly in terms of raw materials, owing to the rising demand for bio-based lubricants. Asia Pacific has emerged as one of the largest consumers of lubricants owing to the rapidly growing automotive industry along with industrial development in the region. The most extensively used lubricants in the Asian market include automotive engine oils, greases, and hydraulic fluids. The market in the Asia Pacific has started mirroring the American and European regulatory systems, and countries like Japan and South Korea are thus emphasizing eco-labeled lubricants.

Access the Global Lubricants Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Developing economies such as China, India, and Indonesia etc. are driving the manufacturing Industry across the globe. With an increased number of downstream and midstream projects, such as pipeline network expansion, LNG terminals, and downstream capacity expansion, the use of equipment has also increased, thus demand for specialized lubricants used for proper functioning of machineries will in turn increase for the forecast period.

Lubricants are extensively used in processing industries and automobile parts, especially in brakes and engines which need lubrication for continuous smooth functioning. With the growth in sales of automotive industry the projected consumption of lubricants in the manufacture and maintenance of vehicles is also expected to rise in the coming years. The following graph depicts the number of registered cars in the U.S. during the period 2016 to 2021.

Industrial Lubricants Market Insights

The global industrial lubricants market size was valued at USD 53.17 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 3.9% from 2023 to 2030. Rapid industrialization in developing countries followed by a rise in the number of trade activities fuels the demand for industrial lubricants. Rising investments in R&D activities along with proper expansion channels help the growth of key players. Some industries slated to witness considerable growth include unconventional energy, chemicals, and mining. This trend is expected to further strengthen product demand in compressors, hydraulics, industrial engines, centrifuges, and bearings.

Over the past decade, emerging economies such as India, Japan, South Africa, China, and Brazil have witnessed a significant rise in the industrial sector. Industries such as the ones manufacturing foundry, plastics, metal consumer appliances, and more, along with mining industries have gained significant importance and thus demand high-quality industrial lubricants.

Order your copy of the Free Sample of “Lubricants Industry Data Book – Automotive Lubricants, Industrial Lubricants, Marine Lubricants and Aerospace Lubricants Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030” Data Book, published by Grand View Research

Automotive Lubricants Market Insights

The global automotive lubricants market size was estimated at USD 72.05 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 3.5% from 2023 to 2030. Growing demand for high-performance and lightweight vehicles in emerging economies such as India and China along with a shift in consumer preference towards sustainable lubricants is the key factor driving the market growth.

Increasing automotive production coupled with a shift in trend from heavy vehicles to lightweight vehicles is a key driving factor since the latter contributes significantly to weight savings and lower carbon emissions. A 10% reduction in the weight of an automobile results in approximately 5% to 7% fuel savings. In addition, the reduced weight also aids in controlling the emission of CO2 throughout the life cycle of the vehicle. It further helps the overall performance of the vehicle in terms of acceleration and handling. Moreover, the reduction in mass at unhinged points provides for a reduction in noise and vibration, making it a smoother ride. Thus, growing concerns regarding fuel consumption and greenhouse gas (GHG) emissions are expected to boost the demand for lubricants in commercial as well as passenger vehicles.

Marine Lubricants Market Insights

The global marine lubricants market size was valued at USD 7,395.1 million in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 4.2% from 2023 to 2030. Rising demand for durable products and increasing trade activities, especially in emerging economies of Asia Pacific, are among the key trends escalating market growth. The U.S. is the largest consumer of the product in North America with a revenue share of 70.9% in 2022. Marine engine oils are the major segment within the marine lubricants market space in the U.S. The production of finished goods that are in high demand in emerging economies is resulting in increased exports from the U.S. As air transport has its limitations, goods are transported through the sea route. Marine lubricants are widely utilized in the shipping industry to protect and enhance the efficiency of engines and equipment. These are high-performance fuels, specially designed to enable optimal performance in operations. They possess various exceptional inherent characteristics such as extending engine life and protecting components at high temperatures, improving performance and reliability of machinery, enhancing protection from mechanical wear and mitigating cold corrosion.

Go through the table of content of Lubricants Industry Data Book to get a better understanding of the Coverage & Scope of the study

Aerospace Lubricant Market Insights

The global aerospace lubricant market was valued at USD 760.4 million in 2014. Increasing air traffic in both developed as well as developing economies such as U.S., UK, India, and China is expected to drive the aerospace lubricant market over the forecast period.

Global air passenger traffic grew by over 6% in 2015 owing to lower airfares along with an increase in the frequency of flights. The Middle East and Africa, outperforming North America, witnessed considerable growth with increasing revenue passenger kilometers year on year. Aviation lubricants improve the operational efficiency of engines, by reducing friction between two coated surfaces, resulting in more distance traveled with the same amount of fuel.

Company Profiles:

ExxonMobil Corp., Royal Dutch Shell Co., British Petroleum, Total Energies, Chevron Corporation, Fuchs Group, Amsoil Inc, CASTROL LIMITED, Philips 66 Company, Valvoline LLC, Idemitsu Kosan Co. Ltd, Lukoil, PetroChina Company Limited, Petrobras, Petronas Lubricant International, Quaker Chemical Corp, PetroFer Chemie, Zeller Gmelin GmbH & Co. KG, Buhmwoo Chemical Co. Ltd, Blaser Swisslube Inc, Zeller Gmelin GmbH & Co. KG, BELLZOIL OVERSEAS PVT LTD, Carol Petroleum Private Limited

Competitive Insights

The global lubricants market is competitive markets with a large number of well diversified regional, and independent small scale and large scale manufacturers and suppliers. The small-scale companies majorly compete on the basis of price, after sales service and delivery timelines. Whereas the large scale companies focus on product development and innovations as well as marketing strategies. Some companies are also redefining their supply chain to reduce cost and customer delays.

Global as well as regional players are developing direct sales channels, especially for automotive lubricant users at their local service centers. Some companies also participate in annual events of their end users and showcase their products at offer prices. Direct sales through such platforms reduces the dependability towards retailers and wholesalers at the same time offering better margins and operational costs. Such sales also develop a strong database of customers which enables the manufacturer to develop a better understanding about the demands.

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Thriving Bedding Sector: Uncovering Growth Prospects from 2023 to 2030

Bedding Industry | Forecast 2030

The economic value generated by the bedding industry was estimated at approximately USD 148.06 billion in 2022. This economic output is an amalgamation of businesses that are involved in the manufacturing of bedding materials, distribution & supply, and application of bedding.

Technological advancements in bedding materials and manufacturing processes have a significant impact on the bedding market. The development of new materials that can regulate temperature or wick away moisture help to meet the growing demand for bedding that promotes a comfortable and restful sleep.

Asia Pacific dominated the bedding market in 2022 with a revenue share of over 37%. Asia Pacific is expected to remain the largest regional market and witness the fastest growth over the forecast period due to the rapidly growing population thus leading to higher demand for high-quality bedding products for overall comfort. In addition, tourism in the region is increasing the demand for high-quality bedding products in hotels and resorts. This is further expected to bolster the demand for bedding products in commercial spaces.

Access the Global Bedding Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Mattress Market Insights

The global mattress market size was valued at USD 39.4 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 6.2% from 2022 to 2030. Increasing product demand from the real estate sector to serve the needs of the residential segment has led to an increase in the sales of home furnishings, such as mattresses, pillowcases, and bed linen products, among others. However, the COVID-19 pandemic has impacted the growth of the market. People were reluctant to leave their homes because of the pandemic. As a result, the e-commerce sector has experienced growth, and businesses are creating innovative tactics to enable customers to purchase mattresses from the convenience of their homes.

Consumer willingness to pay for sleep solutions has changed significantly worldwide, not just in the major cities but also in smaller cities and towns. People’s desire to conduct in-depth research, compare pricing and make knowledgeable selections when purchasing mattresses and other sleep solutions have substantially improved as awareness has expanded. The increasing number of luxury hotels in the U.S. is also expected to significantly contribute to revenue growth as the bedding used in these hotels is of superior quality. These products cost a lot more than regular bedding products and this is projected to positively impact the mattress market.

In addition, lifestyle inflation has become a common occurrence among generations X, Y, and Z, and there has been a gradual increase in expenditure with rising incomes. According to research conducted by the Federal Reserve Bank of New York in September 2019, lifestyle inflation is common among low-, middle- as well as high-income individuals. An average American head of the household aged 35 to 44 years carries a non-housing debt of over USD 100,000. Although, the high cost of replacing a mattress makes them unaffordable for middle-income consumers. For instance, according to a blog by Tuck, the average price of a memory foam mattress in 2019 ranged between USD 1,000 and USD 1,100.

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Blanket Market Insights

The global blanket market size was valued at USD 17.0 billion in 2018. Growing application of blankets in the commercial sectors including travel and hospitality, military and defense, and charity is expected to have a positive impact on the market growth. Furthermore, the market has seen a boom as a result of innovation and ease of product availability in affordable price ranges.

The industry is expected to witness further growth as a result of the increasing demand for luxury and comfort among the working-class population in developing countries such as India and China. The pattern, material, and color of blankets play an essential role in influencing the buying behavior of consumers. Considering the change in the buying patterns, a preference for bold and dramatic colors has been observed among consumers. Blanket manufacturing companies have been incorporating these preferable colors and patterns in their new products.

New product developments such as pastel-colored cotton blankets are expected to remain a recent trend. Preference for color and pattern is mostly based on the requirements of products with excellent stain resistance and machine washable properties. Additionally, demand for exotic colors and patterns related to flora and fauna has been observed in countries including India, Vietnam, Myanmar, and Sri Lanka.

Over the past few years, fluctuating weather patterns at a global level have played a crucial role in promoting the utility of electric blankets. The ability of the blanket to warm itself offers temperature control benefits and over-the-top comfort. Growing consumer awareness, coupled with the frequent launch of the new blankets with high quality, is expected to expand the industry size. In addition, an increase in private consumption expenditure is likely to boost the consumption of luxury and decorative products, especially in emerging countries including China and India.

Go through the table of content of Bedding Industry Data Book to get a better understanding of the Coverage & Scope of the study

List of key companies analyzed in this section include:

Acton & Acton Ltd., Tempur Sealy International, Inc., American Textile Company, Serta Simmons Bedding LLC, Casper Sleep Inc., Boll & Branch LLC, Beaumont & Brown Ltd., American Blanket Company, Chellco Industries Limited, Jindal Woollen Industries Ltd., Youngman Woollen Mills Private Limited., Spring Air International, Sleep Number Corp., Kingsdown, Inc., Pacific Coast Feather Company, Trident Ltd., Crane & Canopy Inc., Peacock Alley, Purple Innovation, Inc., Southerland Sleep

Competitive Insights

The manufacturers use a variety of strategies, including acquisitions, the introduction of new products, partnerships, and the bolstering of their distribution networks, to achieve maximum company growth and a strong marketplace. Manufacturers of bedding goods intend to strengthen their market positions by expanding their clientele. Therefore, major market players are pursuing mergers, acquisitions, and other strategic initiatives to achieve business development in the regional market.

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Advancements in Veterinary Imaging Instrument Sector: Trends and Opportunities from 2023 to 2030

Veterinary Imaging Instrument Industry | Forecast 2030

Grand View Research’s Veterinary Imaging Instrument industry data book is a collection of market sizing information & forecasts, regulatory data, competitive benchmarking analyses, macro-environmental analyses, and technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.

The global market size for the veterinary imaging instrument was estimated at USD 1.44 Billion in 2021 and is anticipated to increase at a CAGR of 5.7% from 2022 to 2030. The market is expected to expand because of the rising pet expenditure, the number of veterinarians in developed countries, and product launches. For instance, the helical fan beam CT system has enabled quicker scanning for routine imaging of the sinuses and teeth in horses, according to the Journal of the American Veterinary Medical Association in 2020. As a result of this quality, the helical fan beam CT system has been accepted by professionals and is currently in use.

Access the Global Veterinary Imaging Instrument Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Moreover, the rising prevalence of cardiovascular disease, arthritis, lameness, and the occurrence of bone injuries in pet population is further anticipated to fuel market growth. North America held the lion’s share in the regional market. However, competition in the emerging market is increasing because nations owe to demand from consumers’ end and veterinary infrastructure development.

Key veterinary imaging equipment manufacturers are adopting strategies such as JV, M&A etc that would provide a wider consumer base and geographic footprint. For instance, Zomedica Corp. highlighted a successful acquisition of Assisi’s LOOP and Calmer Canine product lines as well as assets of Revo2’s imaging products in its Q3 2022 report. The combination of these two product lines would give veterinarians the chance to better care for the animals they treat while also benefiting their clinics financially, ultimately resulting in an increase in business revenue as user adoption of the products rises.

Veterinary X-ray Market Insights

The global veterinary x-ray market size is estimated at USD 654.39 million in 2022 and is expected to grow at a lucrative compound annual growth rate (CAGR) of 6.31% over the forecast period. Demand for veterinary X-rays has increased due to a greater emphasis on animal health innovation, a greater need for diagnostics, increased pet adoption, and increased adoption of radiography in veterinary orthopedics, dentistry, and in several other indications. Furthermore, the increasing incidence of zoonotic diseases has increased the demand for effective diagnostic solutions, which is expected to drive global market growth. Moreover, technological advancements in X-ray diagnostics are further expected to boost adoption. For instance, in September 2022, SK Telecom from Korea launched an AI based diagnosis assistance X-ray service called X Caliber, capable of delivering quick analysis to the veterinarian.

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The emergence of covid-19 had an impact on the entire healthcare sector, including veterinary medicine. The covid-19 was found to have slightly halted the growth of the market since several non-essential surgeries are restricted across the globe during the pandemic. Furthermore, strict restrictions on the transportation of individuals and goods led to a restricted patient influx in veterinary centers. Similarly, the shortage of skilled veterinarians, combined with suspended/postponed elective surgeries, significantly disrupted the activities of veterinary facilities, having a slightly negative impact on market providers.

Moreover, the pandemic has risen pet ownership in some countries, resulting in even more animal care delivery, which had increased the demand for veterinary diagnostic testing. For instance, the American Society for the Prevention of Cruelty to Animals (ASPCA) reported in May 2021 that one out of each five families had adopted a cat or dog since the early stages of the COVID-19 pandemic. Adoptions like these during the pandemic brought more attention to companion animal diagnosis and treatment. As a result, it is expected that it will boost the demand for the market during the forecast period.

Go through the table of content of Veterinary Imaging Instrument Industry Data Book to get a better understanding of the Coverage & Scope of the study

Veterinary MRI Market Insights

The global veterinary MRI market size was valued at USD 205.93 million in 2022 and is expected to expand at a lucrative compound annual growth rate (CAGR) of 7.38% from 2023 to 2030. The growth is primarily driven by the increasing pet humanization, technological advancements, initiatives by key companies, and the adoption of pet insurance. For instance, Time Medical Systems based in Hong Kong, offers 4 magnetic resonance imaging (MRI) scanners in the veterinary space namely, Panion Premie, Panion Pro, Panion, and Panion+. Panion for example is a dedicated open veterinary MRI machine that provides affordable diagnostic MR scans for pets.

The COVID-19 pandemic significantly impacted the market with supply chain challenges and dampened demand. However, it also led to increased awareness regarding animal health, an increase in vet visits, and concerns over zoonoses. The overall impact on the market was thus neutral and the sale of veterinary MRIs is anticipated to continue rising in the coming years. In March 2022 Hallmarq Veterinary Imaging, for instance, reported a key milestone of completing 300,000 animal scans using its MRI and CT machines.

Technological advancements are a key driver contributing to market growth. Companies are involved in the R&D of products, product launches, and upgrades to overcome challenges and increase their market share. For example, in November 2022, Hallmarq Veterinary Imaging launched a zero-helium small animal MRI machine in response to the shortage of helium supply, soaring helium prices, and enhanced sustainability. The new machine does not require helium or any additional power to cool the MRI magnet coils. It instead uses vacuum technology and a conduction-based cooling system.

Competitive Landscape

Key players operating in the veterinary imaging instrument market are IDEXX Laboratories, Inc.; Canon Medical Systems Corporation; FUJIFILM Holdings America Corporation, Samsung, Heska Corporation, and Butterfly Network, Inc. Some of the major private participants in the market are Carestream Health; Midmark Corporation; ESAOTE SPA, and SOUND. These players incorporate various strategic initiatives, such as partnerships, sales & marketing activities, mergers & acquisitions, service expansion, integrated offerings, and product launches, to strengthen their market presence.

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Advancements in Cell Culture Technology Propel Industry Growth in 2023-2030

Cell Culture Industry | Forecast 2030

Grand View Research’s Cell Culture Industry databook is a collection of market sizing & forecasts insights, market dynamics & trends, opportunity assessment, regulatory & technology framework, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses studies. Within the purview of the databook, such information is systematically analyzed and provided in the form of summary presentations and detailed outlook reports on individual areas of research.The following data points will be included in the final product offering in four reports and one sector report overview.

Cell Culture industry data book is a combination of the market data from four reports namely, cell culture, cell culture media, 3D cell culture, and primary cell culture market. Cell culture market was valued at USD 21.05 Billion in 2021 with CAGR of 11.86% during 2022-2030. Cell culture media market and primary cell culture market are also growing at the CAGR of 12.13% and 10.66% respectively.

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Advancements in these techniques such as 3D cell culture and its growing adoption for biopharmaceuticals manufacturing, tissue engineering, and drug development applications are projected to boost the demand for cell culture products. Also, large number of oncology focused research trials and broadening scope of gene therapy applications are also expected to drive the market growth. In addition, development in regenerative medicine market space and high unmet medical needs in emerging markets are expected to drive the adoption of cell culture technologies. The combination bundle of these reports is designed to provide a holistic view of these highly dynamic market spaces in this industry.

Cell Culture Market Insights

The global cell culture market size was estimated at USD 16.59 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 11.32% from 2023 to 2030. Its growth can be attributed to the rapid adoption of cell culture techniques to develop substrates for the safe production of viral vaccines, and the rising global demand for advanced therapy medicinal products. Furthermore, novel three-dimensional cell culture techniques and the growing need for them in biopharmaceutical development & vaccine production are expected to drive the market growth over the forecast period. The COVID-19 pandemic has presented researchers with the opportunity to investigate the novel contagious virus for the creation of therapeutic and diagnostic tools.

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Cell Culture Media Market Insights

The global cell culture media market size was estimated at USD 4.73 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 12.54% from 2024 to 2030. Cell culture media is generally a gel or liquid including compounds required to regulate and support the growth of cells or microorganisms used in the manufacturing of biopharmaceuticals. Culture media is a critical ingredient in biopharmaceutical manufacturing, aiding the growth of cells, and is the fastest-growing segment within this market. This growth is mainly driven by growing demand for biopharmaceuticals, favorable governmental policies, and increasing investment in R&D.

3D Cell Culture Market Insights

The global 3D cell culture market size was estimated at USD 1.57 billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 11.22% from 2024 to 2030. The growth of the market can be attributed to the rising efforts to develop potential alternatives to animal-based testing and the availability of funding programs for research. Moreover, consistent efforts in R&D activities by biopharmaceutical companies for drug development & discovery, and emphasis on the adoption of 3D cell cultures in cancer research are other factors anticipated to fuel market growth over the projected period. Animal models are largely used in cellular-based studies for studying the outlook of various diseases. However, they carry several demerits such as a lack of response accuracy, differences in response from different species, etc. Thus, to manage these issues, various government organizations are involved in promoting alternative ways for drug development.

Go through the table of content of Cell Culture Industry Data Book to get a better understanding of the Coverage & Scope of the study

Primary Cell Culture Market Insights

The global primary cell culture market size was estimated at USD 4.87 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 13.3% from 2024 to 2030. The market growth can be primarily attributed to the increasing prevalence of chronic conditions, such as cancer, infections, autoimmune diseases, diabetes mellitus, cardiovascular diseases, and neprological diseases. This has led to an increase in research, facilitating the high adoption of primary cell cultures.

Furthermore, the growing need for primary cell culture is being driven by increased research to find novel treatments. Cancer is becoming increasingly prevalent all across the world. According to WHO projections, the number of cancer deaths worldwide will continue to climb and will reach over 17 billion by 2030. Moreover, as per American Cancer Society (ACS) Journals published in February 2021, there are 19.3 million cancer cases worldwide, and 10.0 million new cancer cases were recorded in 2020. A rapid growth in incidence of cancer across the globe will lead to an increased demand for novel therapeutics, hence anticipated to propel market growth.

Competitive Landscape

Competitive rivalry in the cell culture industry is high due to the presence of a large number of both well-established players and small- to mid-sized companies as well as CROs in the market space. Some of the major players are Bio-Rad Laboratories, Inc., Thermo Fisher Scientific Inc., Sartorius AG, Eppendorf AG, Merck KGaA, Becton, Dickinson and Company, PromoCell GmbH, and Lonza Group AG among many others. These market players are involved in the manufacturing of various products associated with this industry including cell media, reagents, consumables, and equipment along with certain services.

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