North America mobile robotics software market to witness remarkable growth over 2017-2024, strategic collaborations to outline the competitive landscape

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The spectacular rise of mobile robotics software market has of late become a buzzing subject, with the extensive proliferation of automation in e-commerce and logistics application. The procedures with regard to logistics operation and inventory control have undergone a massive transformation over the recent years with mobile robotics standing as a major trend shaping the business landscape. The latest buzz grabbing all the light is the introduction of a fully automated mobile robot named The Swift brought forth by IAM Robotics, one of the leading giants in mobile robotics software market.  As claimed by the manufacturers, this robot offers a complete solution to all kind of warehouse logistic operations owing to its strong portfolio that include IAM flash, SwiftLink fleet management software, and a 3D item scanner. If experts are to be believed, this product is profoundly a breakthrough in the entire mobile robotics software industry space, given the fact that it can be integrated seamlessly into any warehouse operations without any changes in infrastructure.

U.S. Mobile Robotics Software Market Size, By Product, 2013 – 2024 (USD Million)
U.S. Mobile Robotics Software Market Size, By Product, 2013 – 2024 (USD Million)

The escalating demand for efficient and swift delivery in e-commerce and online retail space has prompted robust advancements in autonomous drones and vehicles. In fact, Global Market Insights, Inc., forecasts that unmanned aerial vehicles market will witness a lucrative growth of 19% CAGR over 2016-2023. It is therefore, no surprise, that the growth of unmanned aerial vehicles market will leave a direct impact on mobile robotics software market share in the coming years.  In this regard, it is prudent to note that e-commerce giants like Amazon’s and Walmart’s effort for bringing floating warehouses into their business have certainly pushed the overall mobile robotics software market outlook, given the fact that these floating warehouses is claimed to operate both by human intervention and autonomously. In addition to this, the American government support with regards to UAV implementation for civilian purposes has further propelled the regional mobile robotics software industry size.

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Speaking along similar lines, with U.S. at the foray, North America mobile robotics software market is forecast to represent a significant portion of the overall industry, having contributed a lucrative revenue of USD 430 million in 2016. U.S. being one the strongest technology affluent nations, is anticipated to integrate robots in domestic arena even over the coming years, which by extension will impel the regional mobile robotics software market size. As per estimates, North America, down the line of seven years will prove to be a strong participant in global mobile robotics software industry, with an estimated market coverage of 36% of the overall revenue by 2024.

The competitive profiling of mobile robotics software market is rather consolidated with leading giants covering almost 50% of the overall business space. Some of the prominent names include Omron Adept Technologies, Inc., Brain Corp., Universal Robots, and iRobot Corporation. These participants are readily adopting mergers & acquisitions as a major growth strategy to sustain the competition. One such recent instance is the collaboration of Fetch robotics and renowned Robotics technology integrator & distributor, ONExia. With this alliance, both the giants collectively are reported to bring software hardware solutions and logistics expertise in Mid Atlantic belt. Sum and substance, growing investments in mobile warehouse robotics by renowned biggies is certain to provide a significant impetus to mobile robotics software industry size in the coming years, which is projected to exceed a valuation of USD 3.5 billion by 2024.

Author Name : Satarupa De

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Diagnostics medical electronics market to witness a significant growth over 2017-2024, U.S. to majorly impact the regional revenue

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In what can only be construed as an innovation that may impact India medical electronics industry to quite an appreciable extent, Philips, a renowned brand across the electronics sector, has recently launched two new diagnostic instruments, namely, MobileDiagnost Opta and BV Vectra in India. The former, a digital X-ray system, has been designed to find extensive applications in intensive care units and operation theatres. BV Vectra, on the other hand, is a mobile C-arm system that is anticipated to be used in orthopedic surgeries. With the presence of three major electronic equipment manufacturers – Siemens, GR, and Philips, and their objective to manufacture the contemporary ‘Made-in-India’ medical devices, it is anticipated that India medical electronics market will experience a lucrative growth in the years ahead.

Germany Medical Electronics Market Value, By Therapeutics
Germany Medical Electronics Market Value, By Therapeutics

 

Bringing forth a slew of product innovations in the market has been touted as major growth strategy for businesses, particularly in the medical electronics industry, given the robust requirement of the healthcare space to enhance operational efficiency and lower medical care expenditure. Kinpo Electronics Incorporation, for example, has recently received the EU certificate that approves its newly launched wearable ECG monitor, called the BC1 patch that apparently helps in the prevention of cardiovascular disease. The medical certification allows the firm to promote BC1 within the European Union. Kinpo is expected to commence the product marketing in key European countries by the third quarter of 2017 under its own brand referred as XYZlife. The device provides real-time monitoring, data pertaining to medical history, and authentic medical reports, in addition to encompassing an exceptional function that helps users to contact physicians during emergencies. Experts cite that the BC1 patch is likely to prompt industry rivals to introduce similar products in the market, that would undeniably impel the product landscape of medical electronics industry.

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Recently in 2017, Mackenzie Health, a renowned healthcare service provider based in Canada, had collaborated with Epic systems corporation, a U.S. based software developing firm, to introduce a new end-to-end electronic medical record system in Canada. The innovative tool assists medical practitioners in the decision-making process and facilitates speedy access of medical health records, in addition to providing improved medication safety and minimizing error occurrences related to closed loop medication administration & bar code authentication. This medical system is the first of its kind launched across the country and is predicted to have a sizable impact on U.S. medical electronics industry, which apparently held more than 90% of the overall revenue share in 2016.

The competitive landscape of medical electronics market has witnessed numerous M&As since the last few years. In fact, recently, Becton, Dickinson and Company, a leading player across medical technology industry, has declared the acquisition of Caesarea Medical Electronics, a key Israel based player across infusion pump systems industry.  The acquisition will help the former expand its infusion pumps product portfolio, thereby facilitating the firm to strengthen its position across medical electronics market.

U.S. has been singled out as one of the most profitable growth avenues across North America medical electronics industry, subject to the large presence of major manufacturers in the region and the extensive deployment of advanced technology. The wide insurance coverage provided under the Affordable Care Act and the appreciable improvements in healthcare infrastructure facilities across the region are certain to provide a positive impetus to U.S. medical electronics market.

Some of the firms partaking in medical electronics market share include Toshiba Corporation, Siemens, GE Healthcare, Medtronic Public Limited Company, and Phillips. Most companies have been reported to be adopting new strategies to expand their business scope, contributing extensively towards medical electronics market revenue.  Considering the developments that medical electronics industry is replete with, it comes as no surprise that medical electronics market is slated to hit a revenue margin of over USD 148 billion by 2024.

Author Name : Dhananjay Punekar

Pet wearable market to drive a breakthrough in veterinary sector, U.S. to be a major revenue contributor

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The extensive penetration of IoT has revolutionized almost every marketplace, pet wearable industry being no exception. Wearable technology has indeed expended its application matrix beyond humans, which is quite evident from the large sales of pet wearable across the world. Statistics validating the fact- global pet wearable shipments have been claimed to exceed 5 million units in 2016, and the overall shipments is forecast to grow more than 25% over 2017-2024. Leading animal health giants are being witnessed making smart investments in this industry in sync with the latest technological innovations. Global Market Insights Inc., forecast that pet wearable industry will record a valuation of USD 8 billion by the end of 2024.

U.S. Pet Wearable Market Size, By Product, 2016 & 2024 ($Mn)
U.S. Pet Wearable Market Size, By Product, 2016 & 2024 ($Mn)

Pet wearable industry has already marked its strong presence in the smart industry space with a diversified product portfolio, ranging from remote heath monitoring to video enabled engagement. For instance, WonderWoof is a Bluetooth enabled bowtie than can monitor dog’s activity by keeping a track of their movement.  Reportedly, this ground-breaking innovation is highly customized, with regards to the dogs’ gender, breed, and age and can also track the dog’s progress in terms of bone development. Not only as a fashionable quotient, the proliferation of IoT has also made a significant impact on diagnosis and medical treatments of pets, giving rise to a swarm of telemedicine apps targeted for veterinarians.

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Speaking along the similar lines, GPS based pet wearable is gaining a huge popularity, subject to its capability of monitoring real time positioning of pets. The increasing trend of GPS providers to enter into strategic partnerships with application developers to advance the mapping portals is expected to further bring a consequential transformation in pet wearable market dynamics. With sensors becoming more affordable and high-speed broadband services becoming nearly ubiquitous, IoT is poised to change the way the animal healthcare was previously approached, leaving lucrative business opportunities for pet wearable market giants.

Regionally, U.S. experiences a strong hold in the overall pet wearable industry.  The escalating spending of the Americans on pets and companion animals have substantially driven pet wearable demand in this region. According to National Pet Owners Survey conducted by the American Pet Products Association over 2015-2016, almost 65% of the overall American households owned a pet, which itself is a testimony of the huge application scope of the regional pet wearable market. In fact, estimates depict that U.S. pet wearable industry held a billion-dollar business in 2016 and is slated to register a CAGR of 25% over 2017-2024. Furthermore, U.S. being one of the most technology affluent nations, the incorporation of wearable technology in monitoring pets’ activities is sure to upscale in the coming years, in turn providing a boost to pet wearable market share.

Worldwide, the industry is fiercely competitive with the engagement of major biggies like Fitbark, Whistle Labs Inc., Dairymaster, Scollar, DeLaval, and Nedap N.V. Manufacturers are highly optimistic toward the overall pet wearable market outlook and are investing more to innovate new products to address consumer expectations. Considering the fact that pet wearable is expanding its application scope with technology playing the pivotal role, the growth potential for pet wearable industry is forecast to be humongous in the coming years.

Author Name : Satarupa De

Demand for clean energy to spur petroleum coke market growth over 2017-2024, India to be a chief revenue pocket

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The pressing need to reduce the dependency on fossil fuels and the increasing demand for clean fuel is set to stir up Petroleum Coke Market demand in the coming years. Petroleum coke, also known as petcoke, is usually used as a carbon or a source of energy in industrial applications. The high calorific value, and high carbon & low ash content of petroleum coke makes it quite preferable when compared with other available counterparts. Owing to these characteristics, petcoke is being increasingly used as a low-price alternative to coal, finding a plethora of applications in in coal-fired power plants.

U.S. Petroleum Coke Market Size, By Physical Form, 2016 & 2024 (TMT)

U.S. Petroleum Coke Market Size, By Physical Form, 2016 & 2024 (TMT)

Presently, the petroleum coke market size is proliferating phenomenally, subject to the rising demand for fuel grade coke in the industrializing economies of Asia Pacific. India and China are likely to experience sizable growth pertaining to petroleum coke industry share, owing to the rapid commercialization and the unprecedented demand of power in these countries. As per the report, India petroleum coke market is pegged to witness lucrative growth avenues, subject to growing demand for coke from cement and aluminum industries across the region. The surging measures to reduce the dependency on coal, and replace it with petcoke is set to amplify the regional industry share. Estimates claims that petroleum coke market demand in the country will register an annual growth rate of 8% over coming seven years. According to the recent statistics compiled by the Ministry of Petroleum and Natural Gas, India is the second largest petroleum coke consuming country in Asia, after China. The annual consumption of petcoke in India is around 14 mnt and the product in the region is however at 12 mnt, which also indicates the supply demand gap in this region.

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In contrast, the environmental concerns and pollution-causing traits due to growing industrialization is in a way affecting the growth of petroleum coke market. Stringent governmental regulations to reduce carbon emissions have made negative impacts on the use of petroleum coke. Nevertheless, to counter this, petroleum coke industry players are engaging in gasification of petcoke, which will lead to the production of clean power. This economical, efficient, and environmentally safe utilization of petcoke has become imperative in the present-day petroleum refining scenario. In regard to this, the gasification process of petroleum coke has emerged as one of the most popular options and is gaining mass popularity as a viable option to convert the petcoke to clean value-added products. The recent deal of Reliance Industries (RIL) and the British energy major BP jointly investing USD 6 billion (Rs 40,000 crore) in commercial gas production and across the entire energy value chain in India, is one such instance quoting the active involvement of industry participants in enhancing the energy value chain. The company’s petcoke gasification project of Jamnagar, touted as the largest petcoke gasification project in the world, is in its advancing stage and is set to ensure energy efficiency by converting petcoke into high-value fuels.

Considering the application scope, power plants, steel, cement, and aluminum industries are the predominant end-users of petroleum coke market. Amongst these, power plant application is one of the leading segments, accounting for more than 18% of overall petroleum coke industry share in 2016. Cement industry is another lucrative end-user that is poised to witness rapid growth in the coming seven years. Owing to petcoke’s low freight costs and better resource conservation ability, petroleum coke industry is likely to witness remarkable growth avenues in the ensuing years. As per a report compiled by Global Market Insights, Inc., the global petroleum coke market size was worth USD 11 billion in 2016 and is projected to surpass USD 25 billion by 2024. Furthermore, the industry analysts have also estimated the total annual capacity to outdo 190 MMT by 2024.

The major companies partaking in petroleum coke industry share include Saudi Aramco, BP, ExxonMobil, Essar Oil, Indian Oil, Royal Dutch Shell, Bharat Petroleum, Husky Energy, and Marathon Petroleum, Reliance, Aminco Resources, and HPCl-Mittal Energy.

Author Name : Ojaswita Kutepatil

APAC synthetic & bio-based aniline market to carve out a profitable growth path over 2017-2024, China to be a lucrative business avenue

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One of the latest trends making inroads in Synthetic & Bio-Based Aniline Market is that of manufacturing biologically derived anilines, pertaining to the ongoing furor regarding environmental safety. Anilines, traditionally manufactured from nitrobenzene, are utilized to develop rubber processing chemicals, dyes & pigments, agrochemicals, and MDI, which are further used in a slew of end-use domains such as the rubber, transportation, automotive, construction, textiles, packaging, consumer goods, agriculture, and adhesive & sealant sectors. Encompassing such a widespread end-use spectrum demands extensive aniline production, which would perceivably result in the growth of synthetic & bio-based aniline market. Riding along the prospective path of sustainability, major companies partaking in synthetic & bio-based aniline market share have been attempting to develop anilines from natural material instead of traditional benzene. One of the key companies that has made it to the headlines for the same is Covestro.

U.S. synthetic & bio-based aniline market size, by application, 2013 – 2024 (USD Million)
U.S. synthetic & bio-based aniline market size, by application, 2013 – 2024 (USD Million)

Covestro has been deploying aniline as a feedstock for a considerably long while now for manufacturing rigid polyurethane foams that find applications across numerous end-use sectors. Currently, Covestro, following the lines of its contemporaries, has been manufacturing aniline from benzene, however, the synthetic & bio-based aniline industry giant has derived a new aniline development process that uses industrial sugar manufactured from an organic source that does not compete with food. If and when commercialized, this product is likely to bring about a revolution in synthetic & bio-based aniline market. Mobilized by sustainability trends, synthetic and bio-based aniline industry size, it is forecast, will exceed USD 19 billion by 2024.

Consequential instances depicting the magnitude of M&As in synthetic & bio-based aniline industry

  • In 2016, the chemical cosmos was ablaze with the news of Chemours Co. selling its aniline facility to Dow. Having been initiated in the last quarter of 2015, The Dow Chemical Company signed a definitive agreement with the well-known synthetic & bio-based aniline market participant, Chemours Co. to purchase its aniline production facility at Beaumont, Texas, for a valuation of approximately USD 140 million. Apparently, the Wilmington-based company had sold the plant as a part of its strategy to divest USD 350 million from its budget by 2017.

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As per the terms of the deal, Chemours is also expected to meet Dow’s additional requirement for aniline by supplying the precursor from its facility at Pascagoula, Mississippi. Selling its Texas plan to Dow has been touted to be a rather well-thought out tactic by the synthetic & bio-based aniline industry giant, since Dow has been Chemours’ biggest aniline customer since decades.

  • China has been touted to be the next epicenter for the growth of synthetic & bio-based aniline market. The year 2016 witnessed the China synthetic & bio-based aniline market player, Jilin Connell Chemical Industry Co. selecting Honeywell UOP’s Advanced MTO (methanol-to-olefins) process for deploying coal resources to manufacture propylene and ethylene for plastics. Given the extensive demand for plastics in the packaging sector, it goes without saying that Connell’s collaboration with Honeywell will accelerate the demand for plastic from the packaging sector, which in a way, will indirectly have a marginal effect on synthetic & bio-based aniline industry.
  • In 2014, renowned firms partaking in synthetic & bio-based aniline market share including the likes of BASF SE, Shanghai Huayi, Huntsman Corp., SINOPEC, and the Shanghai Chlor-Alkali Chemical Co., Ltd., had planned to construct a new plant that would manufacture close to 240,000 MT (metric tons) of crude diphenylmethane diisocyanate (MDI) on an annual basis at Shanghai Lianheng Isocyanate Co. Ltd., located in Caojing, China. The new plant was expected to commence in the year 2017 and has been designed with an aim to double the capacity of MDI production to 480,000 metric tons/year. This has undeniably propelled synthetic & bio-based aniline industry, given that aniline is extensively used in manufacturing MDI.

One of the key factors that has been forecast to propel synthetic & bio-based aniline market is the establishment of new aniline facilities across myriad geographies. The Ministry of Chemicals and Petrochemicals, for instance, in 2014, had taken Hindustan Organic Chemicals Ltd. (HOCL) under its wing, on a top priority basis, as a part of its public-sector restructuring program. A valuation of close to INR 500 crore had been spent by the government for the same, and a vital part of the project was inclusive of the Rasayani plant that manufactures aniline, nitric acid, and other chemicals. Endowed with government grants and a broad end-use array, synthetic and bio-based aniline industry size has been forecast to depict a CAGR of 6.5% over 2017-2024.

Author Name : Saipriya Iyer

Gas Pipeline Infrastructure Market to garner a groundbreaking valuation of more than USD 2 trillion by 2024

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Gas pipeline infrastructure market has been gaining considerable traction across myriad geographies, pertaining to the developments in distribution and transmission systems coupled with the growing popularity of natural gas as an alternative fuel. Natural gas is being considered as a viable alternative to coal fired power plants, considering its benefits of cost-effectiveness and ample availability. In this regard, an increase has been observed in the number of natural gas fired plants, which would ultimately propel gas pipeline infrastructure industry share.

U.S. Gas Pipeline Infrastructure Market, By Operation, 2016 & 2024 (‘000 Kilometers)
U.S. Gas Pipeline Infrastructure Market, By Operation, 2016 & 2024 (‘000 Kilometers)

In recent times, it has been observed that regional governments have been promoting excavation and exploration activities on a large scale to overcome the dependency on fossil fuels. For instance, reputed oil giant Royal Dutch Shell has been involving itself in a plethora of projects for natural gas exploration across the United States. Even the U.S. government is installing pipelines to transport natural gas from its origin to various intra and interstate regions across the country, which would subsequently boost U.S. gas pipeline infrastructure industry size. For the record, gas pipeline infrastructure market held a mammoth revenue of USD 1 trillion in 2016.

Major players partaking in gas pipeline infrastructure industry share have been increasingly investing in power and gas pipeline infrastructure to combat the shortage of electricity across various regions of the globe. Royal Dutch Shell has recently signed an agreement with Nigerian company to develop a gas pipeline infrastructure in the country. Under this 300-million-dollar agreement with Nigerian Shoreline Energy, Shell plans to develop and distribute natural gas around Lagos, the commercial capital of Nigeria. This deal provides an opportunity to Shoreline to expand its gas business post the financial downturn witnessed across Nigeria. The gas pipeline infrastructure market giant will also assist Shoreline to develop a distribution and transmission pipeline network. This strategic partnership has been touted by experts to bring about a massive change of dynamics in Africa gas pipeline infrastructure market size. The African governmental sector is leaving no stone unturned either, for the development of gas pipeline infrastructure industry in the continent. In 2016, for instance, Sonatrach, the Algerian government owned oil & gas company declared an investment of USD 3.2 billion over four years to improve the pipeline capacity in the country. In fact, as per estimates, the gas pipeline infrastructure industry size across Algeria will grow at a CAGR of more than 6% over 2017-2024.

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The increasing demand for electricity across the commercial, industrial, and residential sectors has prompted various governmental bodies to increase their investments in gas pipeline infrastructure market. For example, considering the future demand for natural gas, the Indian government formulated the “Vision 2030” to develop natural gas infrastructure in India under the guidelines of Natural Gas Regulatory Board (PNGRB). India has been experiencing an increase in the demand for natural gas since the last few years, owing to rise in its popularity as a convenient alternative fuel, its ample availability, and cost-effectiveness. Furthermore, the growing investments in infrastructure to import LNG and transport domestic gas are certain to influence India gas pipeline infrastructure market share positively.

Taking into account the future scope of natural gas and rising demand for new infrastructure, companies in gas pipeline infrastructure market have been establishing long-term partnerships with governmental bodies. Speaking of which, some of the renowned names in gas pipeline infrastructure industry fall along the likes of Gazprom, General Electric, Enbridge, Redexis Gas, Europipe, CRC-Evans Pipeline International, DCP Midstream, National Oilwell Varco, APA Group, MRC Global, Snam Rete, Welspun, Engas, Technip, Perusahaan Gas Negara, GAIL, Chelpipe, and Saipem.

Growing technological advancements in hydraulic fracturing and hydraulic drilling are certain to bring about a rise in the number of excavation activities across the various regions of the globe, which would collectively result in an increase in the availability of natural gas. The surging use of natural gas in the electric power sector is another factor that is likely to boost gas pipeline infrastructure market size, slated to surpass around 8 million kilometers by 2024.

Author Name : Sunil Hebbalkar

APAC barge transportation market to acquire substantial revenue by 2024, LNG technology to be a major driving trend

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Barge transportation market has indeed gained a velocity in the past few years, and is in the midst of experiencing a profound commercialization portfolio. Global barge shipments is expected to surpass 12 billion tons in terms of volume by 2024, primarily driven by the escalating crude petrochemical shipments across the world. In this regard, it is important to note that U.S. and Japan are the two major economies where crude oil demand is significantly high, which quite aptly translates the profitability quotient of the barge transportation market in these regions. In fact, Asia Pacific is forecast to procure a significant portion of the overall industry, with a massive revenue collection of USD 45 billion by the end of 2024. On the other hand, North America barge transportation industry will witness remarkable gains with an estimated CAGR of 5% over 2017-2024.

U.S. Barge Transportation Market Size, By Product, 2013 – 2024 (USD Billion)
U.S. Barge Transportation Market Size, By Product, 2013 – 2024 (USD Billion)

Global barge transportation industry, estimated by Global Market Insights, Inc., is claimed to surpass USD 170 billion by the end of 2024. Growing investments in fleet modernization and increment in the barge number has substantially driven the market dynamics over the years.  For instance, Kirby Corporation, one of the renowned barge transportation market giants, had spent almost USD 135 million in 2014 for the construction of 66 new island barges. Mergers and acquisitions is another strategy that the industry participants are readily adopting to consolidate their business position in the competitive space.

The yesteryear acquisition of SEACOR Holdings’ inland fleet by Kirby Corporation from subsidiaries of SEACOR at approximately USD 88 million bears a testimony to the aforementioned fact. Reportedly, the asset purchase will include 13 inland towboats, 27 inland 30,000-barrel tank barges, and one towboat which is presently under construction. Under the agreement, Kirby would transfer SEACOR Holdings the ownership of Florida based ship docking tugboat. On the other hand, SEACOR, through SCF Waxler Marine LLC, would transport petrochemicals, black oil, and refined petroleum products on Gulf Intracoastal Waterway and Mississippi River System. Analysts claim this move by Kirby Corporations to be highly strategic, projecting the company to score a competitive advantage in the global barge transportation industry.

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Some of the other biggies involved in barge transportation market include American Commercial Barge Line, Campbell Transportation, Blessey Marine Services, Canal Barge, PTC Logistics, and Heartland Barge.  The overall industry is restrained by some of the crucial factors such as huge initial cost associated with fleet construction, limitations of international water ways, and climatic conditions. However, leading companies are continuously focusing on overcoming these challenges as much as possible by incorporating technology in the business module. For instance, GPS integration has helped the operators get a clear picture of the climatic conditions and the delivery time.

Another proliferating technology that is gaining a prominence in the barge transportation market is LNG barge technology. Driven by the sustainability trends, this environmentally viable solution reduces harmful gas emissions such as nitrogen, Sulphur, carbon dioxide etc., by 30% to 80%.  With unprecedented technological advancements and escalating demand for petrochemical and agricultural shipments, barge transportation market is expected to chart an appreciable growth in the coming years.

Author Name : Satarupa De