Offshore Support Vessels Market Outlook 2020: Global Opportunities, Development Status, Regional Trends till 2023

Accrediting the exponential traction the Offshore Supply Vessels market is enjoying currently demonstrating the growth prospects globally; the Market Research Future has recently published a meticulous study report giving out the complete market insights up till 2022. In its analysis the MRFR asserts that the global Offshore Supply Vessels market is projected to gain further accruals registering a phenomenal CAGR during the forecast period 2016-2022.

Supply vessel referred as important part for transport and carry out logistics analysis based on their use. Carrying capacity, sailing, loading and unloading capabilities are the main functions for offshore market. Moreover, Delivery platforms help to maintain the requirements of construction and maintenance. Technical innovation of the vessels such as using fiberglass instead of steel provides different companies with substantial benefits from a weight and repair cost perspective. 

Industry Segmentation

The report has analyzed the market based on the three segments: Types, depth, and end-use in the regions of North America, Europe, A.PAC and rest of the world. On the basis of Types it includes Anchor Handling Tug Supply, Platform Supply Vessel, Multipurpose Support Vessel, Standby & Rescue Vessel and other. Anchor Handling Towing Vessels forms the majority part of the market. On the basis of depth it includes shallow water, Deep water. Shallow water drilling is expected to grow as well as with the advanced technology, operators are entering into deep water and ultra-deep water zones. Oil & Gas attributed as holding largest share for offshore supply vessels system. Whereas Asia pacific region shows using offshore supply vessels. The Offshore Support Vessels Market Outlook has widened over many years owing to the flourishing markets of APAC region.

Regional Analysis

Currently, Asia pacific is dominating the market such as china, Thailand and India countries having the new opportunities for Oil & gas industry. Rapid advancement in process automation and large investments in energy verticals such as oil & gas are driving the growth of Asia pacific. Moreover, Major offshore operators present are expected to play dominant role in market growth over the forecast period. Growing number of deep water discoveries in this region are estimated to drive subsea drilling and transport activities in the region and driving the market of offshore supply vessels.

Leading Players

We recognize the key players in the global offshore supply vessels market as Rem Maritime As, Bass Marine Pty Ltd. Harvey Gulf, Bourbon SA, Tidewater, ExxonMobil, Island Offshore Management, Havila Shipping ASA, Intermarine LLC

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High Pressure Pumps Market Analysis: 2020 Global Sales, Size, Share, Competitive Analysis till 2025

High Pressure Pumps Market Analysis:

The invention in products and services is the chief factor that contributes the best to the market’s success and influencing the trends that gain distinction in the market. On this track, the high-pressure pumps are the invention in the mumping market mainly designed to withstand high pressure above the normal range. These new high-pressure pumps are extensively used across oil & gas, power generation, chemical, pharmaceuticals, and manufacturing industries. The selection of these high-pressure pumps depends on the available space, type of liquid to be pumped and its volatility and the limit up to which the liquid may contain solids. The growing drilling activities and expected growth in the demand of high-pressure pumps are supposed to be the primary drivers of the high-pressure pumps market analysis by 2022 with registering CAGR of 3%.

High Pressure Pumps is a pump that is designed to withstand a pressure above normal pressure. Development in the manufacturing sector is the major driving factor for the High Pressure Pumps market. Growing green chemical industry and focusing on water & wastewater treatment sector is also another driving factors for the High pressure pump market. Slowdown in the Oil & Gas industry, will hinder the growth of High pressure pumps market and it is expected to register a significant growth of 3% in the next five years.

High-Pressure Pumps System Market Segmentation

The global high-pressure pumps system market research report provides market segmentation by type, pressure range and by end-users.

By mode of type, the market has been segmented as dynamic and positive displacement.

By pressure range, the market has been segmented into 30 bar-100 bar, 101 bar-500 bar and above 500 bar.

By end-users, the market has been segmented into oil & gas, chemical and pharmaceutical, power generation and manufacturing industries.

Top Factors Impacting High-Pressure Pumps System Market

According to the recent reports published by Market Research Future, the high-pressure pumps market is steadily growing due to its large-scale application water processing industry, automotive, steel manufacturing infrastructure and more. With industrial processes rising at a rapid pace, the high-pressure pumps are boosting the market’s demand considerably with a higher CAGR. 

Moreover, these pumps are installed among the oil & gas sector for cleaning of the heat exchanger, rust and paint removal from metal structures, and prevention of choking of tubes. Also, the high-pressure pumps are utilized across the water & wastewater treatment industry for processing drinking water, in the reverse osmosis process, and machine tool lubrication.

Recently, there has been a shift of exploration projects from conventional oil and gas to shale oil and gas across the world. This has involved high-pressure pumping process, which works as pumping a large volume of water to extract oil and gas from the well. In order to inject water with high pressure into shale well, exploration and production (E&P) companies use high-pressure pumps, which, in turn, has become a key trend and equally impacting the global high-pressure pumps market. In recent years, several U.S. oil and gas companies are making huge investments in exploration & production activities with the help of high-pressure pumps.

Scope of the report

This study provides an overview of the High Pressure Pumps industry, tracking market segments across the categorized five geographic regions. The report provides a five-year forecast for the market size in terms of value for North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The scope of the study segments the High Pressure Pumps market based on Types, Pressure Range, and End Users.

Key Players

The leading players in the High Pressure Pumps markets are Andritz, GEA Group, Grundfos, Sulzer Ltd., The Weir Group Plc., KSB Pumps, Danfoss and Hammelmann.

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Ductless HVAC System Market Reports by Business Strategy and Industry Segments Poised for Strong Growth in Future 2023

Global Ductless HVAC System Market Synopsis

As per a detailed analysis by Market Research Future (MRFR), the global ductless HVAC system market is likely to experience a CAGR of 8.5% during the forecast period (2016-2021).

As the ductless HVAC system consume low energy, it is gaining popularity worldwide. Ductless HVAC is referred to as a system which is generally used for heating and cooling purposes. It is a low-cost system, can be easily installed, and its temperature adjustment can be made easily due to its size. Heating, ventilating, and air conditioning (HVAC) equipment performs cooling and heating for commercial, residential, and industrial buildings. The system also guarantees maintenance of humidity and home temperature in an economic way.

The ductless HVAC system market is experiencing a significant spike in its growth as the system consumes less energy and can be easily installed since these systems do not use ducts for cooling process. Factors such as highly flexible solutions, low carbon footprint, and enhanced indoor air quality are stimulating the market growth during the forecast period. The advancement in technology is further driving the market growth during the review period.

Global Ductless HVAC System Market: Segmental Analysis

The global ductless HVAC system market report has been segmented o the basis of equipment type, implementation type, and application.

By mode of equipment type, ductless HVAC system market comprises ventilation, heating, and cooling.

The implementation type comprises retrofit and new construction.

By mode of application, the market has been segmented into commercial, residential, and industrial. Among these, the residential segment commands the largest market share. As these systems can be easily installed and consume low energy, they are highly adopted in the residential buildings.

Competitive Dashboard

The prominent players operating in the global ductless HVAC system market comprises Hitachi, Ltd., Samsung Electronics Co., Ltd., LG Electronics, United Technologies Corporation, Mitsubishi Electric Corporation, Johnson Controls, Daikin Industries Ltd., Whirlpool Corporation, Trane, and Electrolux.

Regional Frontiers

Geographically, the ductless HVAC system market has been studied under regions namely, Europe, Asia Pacific, North America, and Rest-of-the-World (RoW).

Considering the global scenario, the Asia Pacific region is estimated to command the largest market share and is likely to retain its dominance in the coming years. emerging economies like India and China are estimated to experience rapid growth rate and change in climatic condition which further enhances the growth of the market. Moreover, the steady economic growth along with surging population especially in countries like South Korea, China, Japan, India, and Indonesia are creating significant growth in the usage of ductless heating & cooling systems in commercial as well as residential buildings.

The North American region is considered to be one of the largest consumers of the system as this region experiences very high temperature during summer. The need for these systems becomes crucial during this time of the season. The populace in this region is considered to have a high purchasing power parity which triggers its demand in this region.

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Carbon Capture and Storage Market Analysis 2020 Growth and Segmentation by 2023

Global Carbon Capture and Storage Market Scenario

Market Research Future (MRFR) has announced a new release on the global carbon capture and storage market. The report discusses the global carbon capture and storage market’s growth prospects over the forecast period from 2018 to 2023 based on the market’s historical growth trajectory and key drivers and restraints.

Carbon capture and storage is a technology used to retrieve carbon produced in a variety of activities and store it in safe sites such as underground rock formations and unused oil wells. This prevents the release of large amounts of carbon dioxide into the atmosphere, thus helping keep the environment clean. The three main stages of carbon capture and storage include capturing gaseous emissions and separating carbon dioxide from the overall gas mixture, transporting the carbon dioxide to the storage site through pipelines, ships, or trucks, and storing it in the aforementioned sites. Sites such as underground rock formations present the best solution for storing carbon dioxide in the long term, as they don’t allow the carbon dioxide to escape and assimilate it over time.

Competitive Landscape

Cansolv Technologies Inc (Canada), Aker Solutions (U.S.), NRG Energy (U.S.), Chevron Corporation (U.S.), Shell (U.S.), Fluor Corporation (U.S.), Japan CCS (Japan), Climeworks AG (Switzerland), Dakota Gasification Company (U.S.) and The Linde Group (Germany).

Segmental Analysis

Carbon Capture and Storage Market Analysis has been conducted on the basis of technology, application, end-use and type.

Based on type of technology, the market has been segmented into oxy fuel combustion, post combustion and pre-combustion. The pre-combustion segment accounts for a significant share of the market in terms of value. Pre-combustion CCS is a widely applied technology owing to its compatibility with gasification combined cycle power plants. Based on application, the market has been segmented into industrial, agriculture and EOR. The EOR segment is expected to remain highly attractive over the next couple of years. EOR is an excellent storage capacity and hence witnessing a rapid growth in demand. Based on end-use, the market has been segmented into chemical, oil and gas, iron steel, and others. Based on type, the market has been segmented into

Regional Analysis

On the basis of region, the global carbon capture and storage market is segmented into North America, Europe, Asia Pacific, and the Middle East and Africa.

North America is likely to hold a dominant share in the global carbon capture and storage market over the forecast period due to the widespread presence of a large number of CCS plants in the region. The U.S. alone holds 16 of the 22 operational or under-construction carbon capture and storage plants in the world and consequently has the highest storage capacity. The growing industrial sector in the U.S. and increasing carbon emissions during energy generation procedures are likely to drive the demand from the carbon capture and storage market in North America over the forecast period.

The Middle East and Africa could also emerge as a major player in the global carbon capture and storage market over the forecast period due to the presence of large carbon capture projects in Saudi Arabia and Algeria. Europe also holds a significant share in the global carbon capture and storage market due to the extensive oil and gas operations in the North Sea, which have opened up the possibility of carbon storage in oil wells in the region.

Oil and Gas Separators Market Share Demand, Growth, Application, Analysis and Forecast to 2023

Market Research Future (MRFR) in its recently published study report asserts that the global oil and gas separators market is projected to garner exponential accruals by 2023 registering over 4.2% CAGR throughout the forecast period (2017-2023).

Oil & gas, chemical, energy & mining industry is among the most significant contributors to the growth of the oil and gas separators market. Furthermore, factors such as the increasing installation of several on-site and off-site processing facilities, in countries such as Mexico, China, Russia, Canada, and Indonesia are fueling the demand for oil and gas separators.

The oil and gas separators market has been growing rapidly, experiencing a heightened demand across the globe. Factors boosting the growth of the market include the increasing demand for energy and the increase in the discoveries of oil and gas resources, mainly shale gas and oil reserves. Moreover, factors such as the growing demand for oxygen in coal gasification projects and the vast nitrogen requirement escalates the market on the global platform.

Oil and Gas Separators Market – Report Segments:

The MRFR analysis is segmented into five key dynamics for enhanced understanding.

By Technology: Gravitational and Centrifugal among others.

By Type: Two-Phase, Three-Phase, Deliquilizers, Scrubbers, and Degassers among others.

By Application: Refineries, Onshore, and Offshore.

By Vessel Configuration:  Horizontal, Vertical, and Spherical.

By Regions:  North America, Europe, APAC, and the Rest-of-the-world (RoW).

Key Players:

Key players leading the global oil & gas separators market include Alfa Laval (Sweden), Exterran Corp. (U.S.), Honeywell International Inc. (U.S.), Schlumberger Limited (U.S.), Pentair plc (U.S), Halliburton Inc. (U.S.), ACS Manufacturing Inc. (U.S.), TechnipFMC Plc (U.K), Suzler Ltd. (Switzerland), Pall Corporation (India), GEA Group AG (Germany), and Frames Group (The Netherlands) among others.

Oil and Gas Separators Market – Regional Analysis

North America accounts for the leading region driving the global oil & gas separators market share. The market perceives tremendous growth in offshore exploration activities in the Gulf of Mexico which as a result, is driving the market in the region.

The Asia Pacific is another lucrative market for oil and gas separators, following the North American Market closely. The growing demand for energy and the increasing investment in exploration activities will drive the APAC market during the forecast period.

The Middle East & Africa (MEA) region is another prominent market for the oil & gas separators. The region witnesses growing investments in oil & gas refineries. Nigeria, Saudi Arabia, and UAE are the biggest oil and gas, exporters.

On the other hand, Saudi Arabia and the UAE are capturing carbon dioxide (CO2) from industrial sources, such as processing plants and reinjecting it into oil fields to enhance production in reservoirs.

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Load Bank Market Analysis 2020 | Latest Innovations, Revenue, Price and Gross Margin Study with Forecasts to 2022

Load Bank Market Analysis

The global Load Bank Market is predicted to have a moderate growth at a favorable CAGR over the forecast period (2018-2022), reveals the new Market Research Future (MRFR) report. Load banks are a vital tool that contractors use for preparing large electrical power systems for incorporating into the main power grid. They are essential for various applications in different industries, mainly to test power sources. It is a load bank that offers a fully controllable and contained load for measurable and predictable use. Load banks mimic peak and average loads that allow for measurement and testing of how power sources will perform in operation. Today load banks are available in different types with specific purposes. Matching the load bank with the application is vital to get accurate results. Electronic, capacitive, inductive, and resistive are the four common types of load banks.

Load banks play an essential role in the majority of the industries, but are essentially vital in applications that use batteries, generators, or other power sources. It has a huge range of applications including wind turbines, removal of carbon build-up, load optimization, load rejection test, ground power testing, exercising engine generators, reducing wet stacking issues, and testing. The specialty of load banks is they help in stimulating variable electrical load conditions which can be measured, recorded, and controlled accurately. Not only this, load banks are often used for reducing problems associated with wet stacking, especially in backup generating systems that have diesel engines.

Various factors are driving the growth of the load bank market. These factors, in accordance with the Market Research Future (MRFR) report, include the need for testing power critical technology, especially in defense, marine, medical, and banking industries, expansion of renewable energy generation, increase in safety regulations and test for nuclear energy, and complexities associated with the integration as well as generation of distributed energy. Additional factors pushing market growth include big investments made in real estates, industries, IT and telecom, and power generation plants, growing demand for a reliable source of power, and burgeoning demand from numerous renewable energy systems. The rise in construction of various sources of renewable energy has propelled the need for power system testing equipment mainly load banks that are used to test the wind turbine generator, approving the protocol preceding to the connection and inspecting a new wind turbine model in factories.

Load Bank Market Segmentation

The Market Research Future report offers a wide segmental analysis of the load bank market analysis by application and type.

By application, the load bank market is segmented into oil, gas and nuclear, power generation, data centers, industrial, government/military, maritime/shipyards, and others. Of these, the power generation segment will dominate the market during the forecast period.

Based on type, the load bank market is segmented into resistive and reactive and reactive/resistive.

Regional Analysis

Based on the region, the load bank market report covers growth opportunities as well as the latest trends across North and South America, Europe, the Middle East and Africa, and the Asia Pacific. Of these, the Asia Pacific region will have the lion's share in the market during the forecast period. India as well as China are the key contributors here. This is owing to rapid industrialization and also the need for constant power source and power backup.

The load bank market in North America and Europe is predicted to move gradually to a mature phase over the forecast period.

Key Players

Key players profiled in the load bank market report include Coudoint S.A.S, CHROMALOX, Metal Deploye Resistor, ESSEX ELECTRO, MS Resistances, Aurora Generators, Northbridge (Crestchic), Astro Geo Marine, Inc, Jovyatlas, MCM Engineering, Inc, Hillstone, among others.

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Global Power Boilers Market Segments, Current Trends and Regional Overview By Key Companies till 2022

Power Boilers Market - Overview

The assessment conducted by Market Research Future (MRFR) has suggested that the global Global Power Boilers Market is anticipated to record a 4% CAGR over the forecast period of 2016-2022. Power boilers refer to closed vessels where water is converted to steam through heating. Such steam is produced in excessive demand across different industrial processes. The global economy is estimated to strengthen in the coming years, hence, creating more room for industrial development. Such development in the industrial sector is expected to push the global power boilers market growth exponentially.

Other factors that are working in favour of the global power boilers market include the urban migration and rapid industrialization. It is also projected to acceleration the revenue generation for vendors present in the global power boilers market over the next few years. Additionally, the support extended by governments present in most economies across the globe for the adoption of clean energy in power plants is another factor supplementing growth in the global power boilers market. Investments are observed to compound in the forthcoming years, owing to the rising awareness towards the environment and adoption of environment-friendly ways of energy production. Such ascending investments are bound to poise substantial growth in the global power boilers market.

In developed countries, governments have started recognizing duty towards environment and initiated regulations to curb carbon emissions, hence, encouraging existing power plants and other market players to shift towards cleaner means of energy production. Apart from that, new entrants are also observed to undertake measures that are in alignment with the clean energy movement. All these factors are contributing to the substantial growth noted in the global power boilers market.

Power Boilers Market Segmentation

The global power boilers market is studied for various segments which are segregated on the basis of type, technology, fuel type, and region.

Based on type, the global power boilers market is segmented into circulation fluidized bed, pulverized fuel, and others.

Based on technology, the report has studied the segments of subcritical, supercritical, and ultra-supercritical. The segments included in the report for power boilers market, based on fuel type, include gas, coal, and oil.

Regional Analysis

The global power boilers market is segmented into the regions of North America, Asia Pacific, South America, Europe, and the Middle East & Africa.

Asia Pacific is expected to secure a prime position in the global power boilers market through the review period. Rapid industrialization in the APAC region, along with the fast-paced internet penetration are expected to drive the expansion of the market primarily. The report has also suggested that the region is expected to emerge as the fastest-growing power boiler market in over the forecast period.

North America and Europe are expected to pose as important growth pockets and are anticipated to upscale at a steady pace over the review period. Such regional markets are poised to attract huge investments for upgrading existing plants and setting up of new plants.

Key Players

Some prominent players present in the global power boilers market include Siemens AG, Hangzhou Boiler Group, Mitsubishi Hitachi Power System, Babcock & Wilcox, AMEC Foster Wheeler, Harbin Electric, Thermax Ltd, and Alstom.

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Steam Turbine Market Size 2020 Business Opportunities and Strategic Assessment till 2023

Steam Turbine Market - Overview

Market Research Future (MRFR) has released an extensive report on the Steam Turbine Market highlighting the key macro and micro-economic factors impacting the growth of the market over the forecast period of 2017-2023. MRFR has asserted that the steam turbine market size to reach USD 19.21 Bn at a CAGR of 4.2% over the forecast period. Steam turbines are used in thermal electricity generation plants, one of the older methods of power generation. Steam turbine consume less pace, have larger capacity and are designed for greater speed range.

Steam turbine installations can significantly lead to incremental improvements in single power stations' operations due to which various power generation companies are investing in steam turbines to leverage the opportunity. Steam turbines are also key in the nuclear sector. Establishment of nuclear sector in developing countries is likely to propel the demand for steam turbines over the forecast period. Growing niche applications of steam turbines in concentrated solar power (CSP) where they contribute to emission-free energy facilities have been instrumental in driving the steam turbine market.  Steam turbines are also used in geothermal power plants which are commonplace in US, Iceland, Italy and east Africa.

Steam Turbine Market Segmentation:

The global steam turbine market has been segmented based on plant fuel, capacity, exhaust type, and end user.

By plant fuel, the steam turbine market has been segmented into coal, Gas, Nuclear and others.

By capacity, the steam turbine market has been segmented into Up to 120 MW, 121-750 MW and Above 750 MW.

By exhaust type, the steam turbine market has been segmented into condensing steam turbines and non-condensing steam turbines.

By end user, the steam turbine market has been segmented into Power & Utility, Industrial and others.

Competitive Landscape

ABB (Switzerland), Alstom SA (France), General Electric (U.S.), Man Diesel & Turbo SE (Germany), Mitsubishi Hitachi Power Systems (Japan), Siemens AG (Germany), Elliott Group (U.S.), Fuji Electric Co., Ltd., (Japan), and Toshiba Corporation (Japan) are the leading players in the global steam turbine market.

Regional Analysis

By region, the steam turbine market has been segmented into North America, Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC).

Asia Pacific is the largest market for steam turbine and is anticipated to capture the highest CAGR over the forecast period. Augmenting need for generation of electricity in the region has catapulted the demand for steam turbines. Continued development of coal-fired electricity power generation in the APAC region along with estimated rebound in in orders for combined-cycle gas turbine (CCGT) power stations is likely to propel the market growth over the forecast period.

The Europe steam turbine market is anticipated to exhibit sluggish growth rate over the forecast period. This can be attributed to shifting focus from traditional to cleaner and renewable energy sources.

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XLPE Cable Market by Company Profile and Industry Segments Poised for Strong Growth in Future 2023

XLPE Cables Market - Overview

According to the study, global XLPE Cable Market research report: forecast to 2023 presented by Market Research Future states that the market is set to expand tremendously along with registering a CAGR of 6.43%.

XLPE is used for cross-linking polyethylene cables having high-grade insulation properties as well as have also shown excellent electric conductor characteristics. Since power cables are known to be prone to hazards and damage, they are more required with care while manufacturing.

The current electricity generation across the world is witnessing an upward trend, especially from renewable energy sources. Since, electricity generation points are very far from the areas of consumption, hence the transportation of this electricity is done with the use of XLPE cables. This is one of the critical drivers for XLPE cable market. As this decade is shifting from non-renewable to a renewable form of energy usage, hence the demand for these cables have significantly increased and pushing the XLPE cable market with a confident pull.

XLPE Cable Market Segmentation

In the reports of MRFR, the global XPLE cable market has been segmented into installation, end-user, and region.

By mode of installation, the market has been segmented as overhead, underground, and submarine cable.

By mode of voltage, the market has been segmented into high, medium, and low. As global electricity demand is growing continuously, there are high demands of distribution networks to provide reliable electricity supply at affordable prices. Hence, rapid industrialization, increase in renewable energy generation is expected to drive the market for medium voltage cables market.

By mode of end-user, the market has been segmented as power, oil & gas, chemical, manufacturing, metals & mining, infrastructure & transportation, and others.

Regional Outlook

By regionally, the market of XLPE is segmented as North America, Europe, Asia-Pacific, and the Middle East & Africa.

North America is backed with the electric power industry, which generates energy that empowers the people and businesses in global commerce. The American power grid network delivers electricity from generated place to homes, businesses, and communities. U.S. is the largest market in the American region for XLPE cable owing to providing electricity from more than 950,000 MW to over 100 million customers.

Also, the technological and economic potential for renewable energy to provide a growing share of clean, secure energy for North America over the coming decades.

Leading Players

Some of the key players in the global XLPE Cable market include Brugg Kabel AG (Switzerland), Sumitomo Electric Industries, Ltd.(Japan), ABB Ltd(Switzerland), The Prysmian Group (Italy), General Cable Corporation (U.S.), and Nexans S.A.( France). Encore Wire Corporation (U.S.), NKT A/S (Denmark), Finolex Cables Ltd (India), Relemac Technologies Pvt. Ltd (India), Laser Power & Infra Pvt. Ltd (India), KEI Industries Limited (India), Universal Cables Ltd.(India), and Eland Cables (U.K.) are among others.