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Desktop Humidor Market Size to Grow USD 197 Million by 2030 at a CAGR of 4.3% | Valuates Reports

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BANGALORE, India, Sept. 30, 2024 /PRNewswire/ — Desktop Humidor Market is Segmented by Type (Wooden Humidor, Glass Top Humidor), by Application (Household, Commercial): Global Opportunity Analysis and Industry Forecast, 2024-2030.

The Global Desktop Humidor Market was valued at USD 151 Million in 2023 and is anticipated to reach USD 197 Million by 2030, witnessing a CAGR of 4.3% during the forecast period 2024-2030.

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Major Factors Driving the Growth of Desktop Humidor Market

The global desktop humidor market is growing as cigar enthusiasts and collectors increasingly prioritize proper cigar storage to maintain quality and freshness. Desktop humidors are specialized containers designed to control the humidity levels required to preserve cigars, which are sensitive to fluctuations in moisture. These humidors typically come in various sizes and materials, such as wood and glass, and offer an aesthetically pleasing way to store cigars, making them popular among individuals and businesses alike. The rise in disposable incomes and growing interest in premium cigars, particularly in North America and Europe, are key factors driving the demand for desktop humidors. In addition, the commercial use of desktop humidors in cigar lounges, bars, and specialty shops is expanding, further boosting market growth. As cigar culture continues to flourish, particularly among younger demographics, the market for desktop humidors is expected to witness steady growth. The increased focus on craftsmanship, luxury, and the presentation of high-end cigar accessories is also shaping the market dynamics.

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TRENDS INFLUENCING THE GROWTH OF THE DESKTOP HUMIDOR MARKET

Wooden humidors are a significant driver of the desktop humidor market, as they are the preferred choice for many cigar enthusiasts due to their durability and aesthetic appeal. High-quality wood, such as Spanish cedar, is known for its ability to regulate humidity levels and enhance the flavor of cigars, making it an ideal material for humidors. The craftsmanship and luxurious appearance of wooden humidors also make them desirable for collectors and connoisseurs. As demand for premium cigars continues to rise, the market for wooden humidors is expanding, with consumers willing to invest in high-end storage solutions to preserve their cigar collections.

The growing popularity of cigars as a luxury lifestyle product is driving the demand for desktop humidors in households. Many individuals now view cigar smoking as a hobby, leading them to invest in humidors to properly store and age their cigars at home. Desktop humidors are particularly appealing to household consumers due to their compact size and ability to hold a personal collection of cigars. As cigar culture becomes more mainstream, particularly among younger generations, the demand for home cigar storage solutions is increasing, contributing to the growth of the desktop humidor market.

The commercial sector, including cigar lounges, bars, and specialty tobacco shops, is another key driver of the desktop humidor market. These establishments require humidors to display and store cigars in optimal conditions, ensuring product quality for their customers. Commercial businesses are increasingly investing in aesthetically pleasing and functional desktop humidors to enhance the customer experience and elevate the presentation of their cigar offerings. The rise of cigar lounges and smoking-friendly bars in urban areas has created a steady demand for commercial-grade humidors, further driving market growth.

The increase in disposable incomes, particularly in developed economies, is one of the primary factors driving the growth of the desktop humidor market. As consumers have more spending power, they are more likely to indulge in luxury goods, including premium cigars and cigar accessories. The growing number of affluent individuals who can afford to invest in high-quality humidors is contributing to market expansion. This trend is especially prominent in North America and Europe, where cigar smoking is often associated with a premium lifestyle. As disposable incomes continue to rise globally, the demand for desktop humidors is expected to grow.

The rising interest in premium cigars is significantly contributing to the growth of the desktop humidor market. As consumers become more discerning about the quality and origin of their cigars, they are also seeking storage solutions that preserve the freshness and flavor of their collections. The increasing popularity of limited-edition and hand-rolled cigars has heightened the need for reliable humidors that can maintain consistent humidity levels. As a result, cigar enthusiasts are willing to invest in high-end desktop humidors, which has led to an increase in market demand, particularly among collectors and connoisseurs.

The global expansion of cigar lounges and bars is another factor driving the growth of the desktop humidor market. These establishments offer customers a curated experience, where cigars are often displayed and stored in desktop humidors that preserve their quality. The rise of cigar lounges as social spaces has increased the demand for aesthetically pleasing and functional humidors that enhance the presentation of cigars. As the cigar lounge culture continues to grow in major cities worldwide, the market for desktop humidors is expected to benefit from this trend, particularly in regions with strong smoking cultures.

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DESKTOP HUMIDOR MARKET SHARE

The desktop humidor market varies by region, with North America and Europe leading due to the strong cigar culture and higher disposable incomes in these areas. The United States, in particular, is a major market for desktop humidors, driven by the popularity of premium cigars and the growing number of cigar lounges. Europe, especially countries like Spain and Italy, is also a key market, as cigar smoking is deeply embedded in the culture. The Asia-Pacific region is emerging as a potential growth area, as interest in luxury goods and premium cigars rises among affluent consumers in countries like China and Japan.

Key Companies:

Humidores WacotaGerberVigilantSinostar Packaging Manufacturer Co., LtdCase EleganceGrand HumidorsHolt’s Cigar CompanyPrestige Import GroupCigar Star

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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!

–  Cigar Humidor Market

–  Cigar Cooler Humidor Market

–  Cigar Market revenue was USD 17650 Million in 2022 and is forecast to a readjusted size of USD 21020 Million by 2029 with a CAGR of 2.5% during the forecast period (2023-2029).

–  Electric Desktop Humidor market was valued at USD 5.3 Million in 2023 and is anticipated to reach USD 7.8 Million by 2030, witnessing a CAGR of 5.8% during the forecast period 2024-2030.

–  Wooden Desktop Humidor market was valued at USD 146 Million in 2023 and is anticipated to reach USD 190 Million by 2030, witnessing a CAGR of 4.3% during the forecast period 2024-2030.

–  Electronic Humidor Cabinet Market

–  Fuel Cell Humidifier market was valued at USD 76 Million in 2023 and is anticipated to reach USD 929 Million by 2030, witnessing a CAGR of 45.6% during the forecast period 2024-2030.

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MapmyGenome Unveils Groundbreaking Study on Genetic Variants Linked to Longevity in Long-Living Indians

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HYDERABAD, India, Nov. 22, 2024 /PRNewswire/ — MapmyGenome, a leader in genetic testing and personalized health solutions, proudly announces the publication of its latest research in NPJ Aging (Nature.com). The study, titled ‘Genetic Variants Associated with Longevity in Long-Living Indians,’ explores the genetic factors contributing to healthy aging and long life spans in the Indian population.

In a pioneering effort, the study analyzed data from GenomegaDB, the most extensive genetic database of Indians, focusing on individuals aged 85 years and older, referred to as Long Living Individuals (LLIs). By comparing LLIs with younger controls (18-49 years), researchers uncovered key genetic variants contributing to aging and longevity, and resistance to various diseases.

Key Findings from the Study

Genetic Defenses Against Diseases:Variants linked to slower heart rate (MYH6), reduced risk of osteoporosis and shorter body height (ESR1), and decreased risks of schizophrenia (RIMS1-KCNQ5) and anxiety (HSPA5) were notably more frequent in LLIs.Conversely, variants associated with increased risk of atrial fibrillation (GORAB-PRRX1) and biliary disorders (ABCC2) were less frequent in this group.International Connection:
The study confirmed the significance of the FOXO3A gene, a well-known marker for longevity in Japanese, German, and French centenarians, in the Indian population as well.Pathways Driving Longevity:
The findings highlight the role of genes involved in oxidative stress, DNA repair, apoptosis, glucose metabolism, and energy regulation, all of which play a crucial role in promoting healthy aging.

Revolutionizing the Understanding of Aging

“This research represents a monumental step forward in unraveling the genetic code of longevity,” said Anuradha Acharya, Founder and CEO of MapmyGenome. “Our findings not only reveal the genetic underpinnings of long life in Indians but also provide valuable insights into the biological mechanisms that promote healthy aging.”

By identifying genetic variants unique to Indian LLIs, the study adds a critical dimension to global aging research. It emphasizes the diversity in genetic factors influencing longevity and underscores the importance of population-specific studies in understanding the broader genetic landscape.

Implications for Personalized Health and Aging

For consumers, this study has profound implications. It highlights the potential of genetic testing in helping individuals understand their predisposition to age-related diseases and develop personalized strategies for healthy aging.

Proactive Health Management:
Insights into protective and risk-associated genetic variants can empower individuals to take preventive measures against conditions like cardiovascular diseases, osteoporosis, and anxiety.Tailored Wellness Plans:
Genetic insights enable healthcare professionals to design targeted interventions, including lifestyle changes, dietary recommendations, and therapies, to optimize aging outcomes.Global Relevance:
By validating the role of genes like FOXO3A, this research bridges Indian and global longevity studies, highlighting common genetic threads while acknowledging unique regional variations.

The Path Ahead: Expanding Genetic Horizons

This study is just the beginning. MapmyGenome aims to build on these findings by expanding the scope of its research to include other age-related conditions and exploring the interplay between genetics, environment, and lifestyle in shaping longevity.

“Our mission is to transform lives through genetics,” said Anuradha Acharya, Founder and CEO of MapmyGenome. “This research reinforces our commitment to advancing scientific knowledge and empowering individuals with actionable insights for a healthier future.”

For the Media: Opportunities for Engagement

Media outlets and health journalists are invited to explore the fascinating world of genetic research and its real-world applications. For interviews, detailed insights, and expert commentary, please contact: MB: 8688310052, Email: pr@mapmygenome.in 

About MapmyGenome

Founded with a vision to promote preventive healthcare, Mapmygenome™, a genomics pioneer, provides personalized health solutions. Mapmygenome’s at-home DNA tests empower proactive health management, while diagnostic genomic tests assist healthcare providers.

From DNA-based health assessments to genetic counseling, MapmyGenome enables individuals to take charge of their health and longevity. Learn more at www.mapmygenome.in.

Learn More and Get Involved

Visit NPJ Aging (Nature.com) to read the full study: https://www.nature.com/articles/s41514-024-00179-9.

To discover how genetic testing can help you embrace a longer, healthier life, explore our offerings at www.mapmygenome.in.

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Sungrow Strengthens Australian Market Presence with 1.7GWh of C&I Energy Storage Partnerships with Raystech and Solar Juice

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SYDNEY, Nov. 22, 2024 /PRNewswire/ — Sungrow, the global leading PV inverter and energy storage system provider, has announced the signing of major distribution agreements with Raystech Group and Solar Juice Group. Under these agreements, Raystech Group (1GWh) and Solar Juice Group (700MWh) will distribute a combined total of 1.7 GWh of Sungrow’s C&I energy storage systems over the next three years. These agreements mark a significant step in Sungrow’s commitment to supporting Australia’s clean energy transition through key partnerships in the commercial and industrial (C&I) sector.

Sungrow hosted two significant signing ceremonies on November 18th and 19th, attended by Mr. Renxian Cao, Chairman of Sungrow, Mr. Mark Miao, CEO of Raystech Group, Mr. Rami Fedda, Co-Founder and Supply Director of Solar Juice Group, and Joe Zhou, Country Director of Sungrow Australia, alongside key industry leaders and stakeholders.

Raystech Group will leverage its technical expertise and robust logistics capabilities to ensure flexible and timely deployment of Sungrow’s energy storage systems. The agreement will also support Raystech’s plans to enhance C&I project capabilities. At the signing ceremony, Mark Miao, CEO of Raystech Group, stated: “Raystech has strengthened its partnership with Sungrow, not only on residential inverters and batteries but now expanded to commercial projects. Following a C&I market discussion with Professor Renxian, Raystech is committed to advancing innovation in the sector. With a strong nationwide network and commanding market share, the partnership aims to deliver cutting-edge battery solutions for the commercial market, driving sustainable growth across Australia and New Zealand.”

Solar Juice Group will continue to focus on customized solutions for small and medium-sized C&I clients, backed by its strong network and customer satisfaction commitment. Rami Fedda, Co-Founder and Supply Director of Solar Juice said: “Sungrow has been a key supplier over the past three years for both residential inverters and batteries. Solar Juice has always held a significant market share in distributing commercial inverters for Australia’s C&I Rooftop market, with the majority in recent times being Sungrow products. It made perfect sense for Solar Juice to also offer Sungrow’s commercial battery storage solutions. This will further strengthen our relationship and drive more volume.”

Renxian Cao, Chairman of Sungrow, stated at the event, “The C&I storage market in Australia is set for significant growth in the upcoming future, driven by the country’s strong commitment to renewable energy and a sustainable future. Sungrow is dedicated to supporting Australia’s energy transition in partnership with Raystech and Solar Juice. Our tailored solutions are designed to meet the specific needs of the Australian market, and we will keep providing technical expertise, local support, and exceptional service to accelerate Australia’s shift to renewable energy.”

These three-year agreements, totaling 1.7 GWh, mark a major milestone in the growth of Australia’s C&I energy storage market. With 27 years of experience from Sungrow and the market expertise of Raystech and Solar Juice, this partnership is poised to drive significant progress in Australia’s renewable energy sector. As Australia works towards its climate goals and a greener future, the demand for reliable energy storage solutions will continue to rise, positioning this partnership as a vital driver for a sustainable energy landscape.

About Raystech

Raystech is an international brand in leading renewable energy wholesale distribution with a footprint all across Australia and New Zealand. In Australia and New Zealand, self-operated sales offices and widest warehouses across Australia and distribution centers in major cities provide a comprehensive solar solution to their clients. Raystech shares synergy with their clients and suppliers aimed to become an industry-preferred renewable energy wholesale distributor in a customer-centric business model.

About Solar Juice

Solar Juice established 2009, is an Australian company that is a wholesale distributor of Quality Complete Solar Systems – Solar PV Panels, Solar Inverters, Battery Storage, Mounting systems and Balance of Systems. We supply a national network of customers that are located in every state and territory of Australia.

About Sungrow

Sungrow, a global leader in renewable energy technology, has pioneered sustainable power solutions for over 27 years. As of June 2024, Sungrow has installed 605 GW of power electronic converters worldwide. The Company is recognized as the world’s No. 1 on PV inverter shipments (S&P Global Commodity Insights) and the most bankable Asian energy storage company (BloombergNEF). Its innovations power clean energy projects in over 170 countries, supported by a network of 490 service outlets guaranteeing excellent customer experience. At Sungrow, we’re committed to bridging to a sustainable future through cutting-edge technology and unparalleled service. For more information, please visit www.sungrowpower.com.

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Celebrating Milestones: TMA Solutions Marks 27 Years of Excellence with Expanded Global Reach

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HO CHI MINH CITY, Vietnam, Nov. 21, 2024 /PRNewswire/ — TMA Solutions recently celebrated its 27th anniversary, a testament to its role as a pioneering force in Vietnam’s software industry. With a workforce of nearly 4,000 engineers and a diverse client base spanning 30 countries, TMA reflects on its journey while setting ambitious goals for the future. The company has grown from a local software outsourcing firm into a trusted global partner, providing cutting-edge solutions in AI, IoT, and Fintech.

Criteria for choosing an innovative and reliable software partner

Proven track records

When selecting an innovative software partner, one of the first aspects to consider is their proven track record. This includes evaluating the company’s profile and reputation within the industry, which can provide insights into their reliability and credibility. The number of years the company has been in the software industry is another critical indicator of their experience and long-term stability. Additionally, reviewing relevant case studies can give you a clear understanding of the partner’s ability to deliver successful projects that align with your business goals.

Engineering talents

The strength of a software partner’s engineering talents is a key factor in their ability to deliver on your project’s demands. Assessing the number of engineers in their team provides a sense of their capacity to handle complex and large-scale projects. Beyond quantity, it’s essential to evaluate the skills and expertise of their engineers. A diverse team with specialized knowledge in various technologies ensures that the partner can provide innovative and technically sound solutions tailored to your needs. Additionally, their ability to ramp up resources quickly when required is crucial for keeping the project on track and responsive to evolving requirements.

Pricing

Pricing is a critical consideration when choosing a software partner. It’s important to understand the different pricing models they offer, such as fixed-price, time-and-materials, or dedicated teams, and how these models align with your budget and project requirements. Moreover, considering the overall costs, including any hidden fees, will help you make a more informed decision.

Technical expertise

The technical expertise of a software partner is paramount to the success of your project. Evaluating their domain knowledge helps ensure that the partner understands the specific challenges and requirements of your industry. Additionally, assessing their proficiency in the relevant technology stack is vital. A partner who is well-versed in modern technologies and tools will be better equipped to deliver innovative and effective solutions that meet your business needs.

R&D and innovation capabilities

A software partner with strong R&D and innovation capabilities is more likely to bring fresh ideas and cutting-edge solutions to your projects. This capability indicates the partner’s commitment to staying ahead of industry trends and continuously improving their offerings. Engaging with a partner who prioritizes innovation can provide your business with a competitive edge in the market.

Available solutions

It’s important to assess the range of solutions that a software partner offers. A partner with a diverse portfolio, including custom software development, system integration, and product engineering, can provide comprehensive services that meet your various business needs. Having access to a wide array of solutions ensures that the partner can adapt to your evolving requirements and support your business growth.

Quality processes

Quality assurance processes are critical to ensuring the reliability and performance of the software delivered by your partner. Evaluating their approach to software testing, bug tracking, and continuous improvement will give you confidence in their ability to maintain high standards throughout the development process. A partner with robust quality processes will consistently deliver high-performing software that meets or exceeds your expectations.

Security practices

Security is a fundamental aspect of any software partnership, particularly when dealing with sensitive data and critical business operations. Assessing the partner’s security practices, including physical security measures to protect their development environment, network security protocols to prevent unauthorized access, and data security practices such as encryption and compliance with regulations like GDPR or HIPAA, is essential. A partner with strong security practices will help safeguard your business against potential threats and ensure the integrity of your software solutions.

Why TMA is your innovative and reliable software partner

TMA Solutions is one of the top leading software outsourcing companies in Vietnam, trusted by global companies. With more than 27 years of experience and nearly 4,000 engineers, TMA provides industry-specific solutions across automotive, telecom, healthcare, finance, and more. Our 10 specialized R&D centers, covering fields like AI, IoT, Fintech, and 5G, allow us to deliver advanced, quality-driven services that meet complex business needs. With international certifications and a commitment to continuous improvement, TMA Solutions provides reliable, high-quality support to help businesses meet their technology goals and drive sustainable growth.

Intensive R&D capabilities

With a remarkable 27 years of experience in software development, our company has intensive capabilities across a wide range of industries and technologies. We can support end-to-end services from product and project planning, technology roadmap to technical solution, architectural design, business analysis, UX/UI design, development and testing, porting and migration, etc. We have invested heavily in many technologies and R&D centers, each focused on key areas of modern technology, including Telecom Software, Data Solution, AI, IoT, Automotive Software Fintech, Healthtech, Hardware, Robotics Software, 5G, etc. These centers ensure we can maintain strong technical capability in order to deliver cutting-edge solutions to clients worldwide.

Innovation as a Service

After many years working with leading companies, TMA Solutions can offer Innovation as a Service, from technical feasibility study, prototype and proof-of-concept development, R&D, technical solution, digital and AI transformation roadmap that helps businesses transforming innovative ideas into reality and stay ahead in today’s rapidly evolving technology landscape. Whether you’re exploring new solutions, developing prototypes, or crafting a comprehensive technology roadmap, our experienced team ensures that your ideas are tested, refined, and implemented efficiently. With TMA, you gain a reliable partner dedicated to accelerating your innovation strategy and achieving your business goals.

4,000 engineers and a strong brand name to attract talent

Our team of 4,000 highly skilled engineers is our greatest asset. As a pioneer in Vietnam software industry, we have established a strong brand name helping us attracting talents from top universities in Vietnam and overseas. This large and diverse team allows us to take on complex projects, scale our services to meet client demands, and deliver innovative solutions across various technology stacks. Our commitment to attracting and retaining the best talent ensures that we remain at the forefront of the software development industry.

Clients from 30 countries

We have a diverse client base that spans 30 countries including USA, Canada, Europe, Australia, New Zealand, Japan, Korea, Singapore, Hong Kong, etc. This international experience has equipped us with the ability to understand and navigate different markets, cultures, and business environments. Our global reach allows us to offer tailored solutions that meet the unique needs of clients in various regions, ensuring that we can provide the best possible service no matter where our clients are located.

Experience in large and complex projects

We have a proven track record of successfully managing and delivering large-scale projects that requires hundreds of engineers and strong technical expertise. Our experience in handling complex, multi-faceted projects has equipped us with the skills and processes needed to ensure that every aspect of a project is executed flawlessly. Whether it’s a large enterprise system, a nationwide rollout, or a high-stakes development project, we have the experience and expertise to deliver results that meet and exceed expectations.

A wide range of technologies

Our 4,000 engineers can support a wide range of technologies, allowing us to provide cutting-edge solutions to our clients, from legacy systems to latest technologies. This broad technical expertise ensures that we can select the best tools and platforms for each project, providing solutions that are not only effective but also future-proof.

Available Solutions

TMA Solutions offers a wide range of innovative software solutions for various industries. Leveraging latest technologies such as AI/ML, RPA, IoT, 5G, blockchain, TMA Solutions has built hundreds of solutions for healthcare, finance, telecom, automotive, logistics, retail, manufacturing, etc.

These pre-built solutions are designed to integrate seamlessly into existing systems, significantly reducing development time and enabling businesses to achieve rapid market entry. By offering these customizable, industry-specific solutions, TMA ensures that companies can quickly adapt to changing demands, optimize their operations, and maintain a competitive edge in a constantly dynamic environment. 

Strong quality foundation

We have established quality foundation, supported by industry best practices, rigorous testing processes, and a commitment to continuous improvement. Aligned with industry practices and standards (CMMi, Agile, ISO 9001, TL9000, ISO 27001), we can meet stringent requirements from leading companies and maintain the growth rate in the last 27 years.

Choosing TMA as your software partner means gaining access to a wealth of experience, expertise, and innovation that will drive your business forward.

Website: www.tmasolutions.com
Business enquiry: sales@tmasolutions.com 
United States & Canada: +1 844 224 4188 / +1 802 735 1392 (Mr. Minh Nguyen)
Europe: +33 7 44 77 49 24 (Mr. Jordan Baumgartner)
Vietnam: +84 28 3995 1060 (Ms. Phuong Tran) / +84 28 3990 2680 (Mr. Andy Pham)
Singapore: +84 946 177 624 (Mr. Cuong Bui)
Australia: +61 411 276 342 (Mr. Huy Ly)
Japan: +81 50 5490 9867 (Mr. Yasuhisa Yoneda)

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