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| 当調査レポートは次の情報を含め、世界のフローコンディショナー市場規模と予測を収録しています。・世界のフローコンディショナー市場：売上、2018年-2023年、2024年-2029年 ・世界のフローコンディショナー市場：販売量、2018年-2023年、2024年-2029年 ・世界のトップ5企業、2022年 世界のフローコンディショナー市場は2022年に000Mドルと評価され、予測期間中に000％のCAGRで2029年までに000Mドルに達すると予測されています。米国市場は2022年に000Mドルと推定されており、中国は2029年までに000Mドルに達すると予測されています。「アルミニウム」セグメントは今後6年間、000%のCAGRで2029年までに000Mドルに成長すると予測されています。 フローコンディショナーのグローバル主要企業は、Vortab、 Canada Pipeline Accessories、 Fluid Components International、 Canalta Controls Group、 Alloy Valves and Control、 Primary Flow Signal、 DKD & Associates、 Tecnomatic、 MATTECH、 TrigasDM、 Westfall Manufacturing、 Fox Thermal、 Binder Group、 Sur-Tech、 H&W Manufacturing、 Shanghai Wan Hui Machinery Companyなどです。2022年にトップ5企業がグローバル売上シェアの約000%を占めています。 MARKET MONITOR GLOBAL（MMG）は、フローコンディショナーのメーカー、サプライヤー、流通業者、および業界の専門家を調査しました。これには、販売量、売上、需要、価格変動、製品タイプ、最近の動向と計画、産業トレンド、成長要因、課題、阻害要因、潜在的なリスクなどが含まれます。 【セグメント別市場分析】 世界のフローコンディショナー市場：タイプ別、2018年-2023年、2024年-2029年 世界のフローコンディショナー市場：タイプ別市場シェア、2022年 ・アルミニウム、炭素鋼、ステンレス鋼、ハステロイ、その他 世界のフローコンディショナー市場：用途別、2018年-2023年、2024年-2029年 世界のフローコンディショナー市場：用途別市場シェア、2022年 ・天然ガス、石油、水、蒸気、その他 世界のフローコンディショナー市場：地域・国別、2018年-2023年、2024年-2029年 世界のフローコンディショナー市場：地域別市場シェア、2022年 ・北米：アメリカ、カナダ、メキシコ ・ヨーロッパ：ドイツ、フランス、イギリス、イタリア、ロシア ・アジア：中国、日本、韓国、東南アジア、インド ・南米：ブラジル、アルゼンチン ・中東・アフリカ：トルコ、イスラエル、サウジアラビア、UAE 【競合分析】 また、当レポートは主要な市場参加者の分析を提供します。 ・主要企業におけるフローコンディショナーのグローバル売上、2018年-2023年 ・主要企業におけるフローコンディショナーのグローバル売上シェア、2022年 ・主要企業におけるフローコンディショナーのグローバル販売量、2018年-2023年 ・主要企業におけるフローコンディショナーのグローバル販売量シェア、2022年 さらに、当レポートは主要企業のプロファイルを提示します。 Vortab、 Canada Pipeline Accessories、 Fluid Components International、 Canalta Controls Group、 Alloy Valves and Control、 Primary Flow Signal、 DKD & Associates、 Tecnomatic、 MATTECH、 TrigasDM、 Westfall Manufacturing、 Fox Thermal、 Binder Group、 Sur-Tech、 H&W Manufacturing、 Shanghai Wan Hui Machinery Company ************************************************************* ・調査・分析レポートの概要 フローコンディショナー市場の定義 市場セグメント 世界のフローコンディショナー市場概要 当レポートの特徴・ベネフィット 調査手法と情報源 ・世界のフローコンディショナー市場規模 世界のフローコンディショナー市場規模：2022年 VS 2029年 世界のフローコンディショナー市場規模と予測 2018年-2029年 ・競争状況 グローバルトップ企業 売上ベースでのグローバルトップ企業 企業別グローバルでのフローコンディショナーの売上 グローバルトップ3およびトップ5企業、2022年売上ベース グローバル企業のフローコンディショナー製品タイプ グローバルにおけるティア1、ティア2、ティア3企業 ・タイプ別市場分析 タイプ区分：アルミニウム、炭素鋼、ステンレス鋼、ハステロイ、その他 フローコンディショナーのタイプ別グローバル売上・予測 ・用途別市場分析 用途区分：天然ガス、石油、水、蒸気、その他 フローコンディショナーの用途別グローバル売上・予測 ・地域別市場分析 地域別フローコンディショナー市場規模 2022年と2029年 地域別フローコンディショナー売上・予測 北米市場：アメリカ、カナダ、メキシコ ヨーロッパ市場：ドイツ、フランス、イギリス、イタリア、ロシア アジア市場：中国、日本、韓国、東南アジア、インド 南米市場：ブラジル、アルゼンチン 中東・アフリカ市場：トルコ、イスラエル、サウジアラビア、UAE ・主要企業のプロファイル（企業概要、事業概要、主要製品、売上、ニュースなど） Vortab、 Canada Pipeline Accessories、 Fluid Components International、 Canalta Controls Group、 Alloy Valves and Control、 Primary Flow Signal、 DKD & Associates、 Tecnomatic、 MATTECH、 TrigasDM、 Westfall Manufacturing、 Fox Thermal、 Binder Group、 Sur-Tech、 H&W Manufacturing、 Shanghai Wan Hui Machinery Company ... |
This research report provides a comprehensive analysis of the Flow Conditioner market, focusing on the current trends, market dynamics, and future prospects. The report explores the global Flow Conditioner market, including major regions such as North America, Europe, Asia-Pacific, and emerging markets. It also examines key factors driving the growth of Flow Conditioner, challenges faced by the industry, and potential opportunities for market players.
The global Flow Conditioner market has witnessed rapid growth in recent years, driven by increasing environmental concerns, government incentives, and advancements in technology. The Flow Conditioner market presents opportunities for various stakeholders, including Natural Gas, Oil. Collaboration between the private sector and governments can accelerate the development of supportive policies, research and development efforts, and investment in Flow Conditioner market. Additionally, the growing consumer demand present avenues for market expansion.
The global Flow Conditioner market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Manufacturers are designing and offering solutions that address unique flow challenges, such as high-velocity flows, wide-ranging temperature, or corrosive fluids. The trend is towards integrating flow conditioners with smart technologies and automation systems for real-time monitoring and control. This includes incorporating sensors and actuators to provide feedback on flow characteristics and adjusting flow conditions based on changing operating conditions. There is a growing emphasis on flow conditioners that minimize pressure drop and energy loss, contributing to energy efficiency and reducing the carbon footprint of fluid transport systems. This aligns with sustainability goals and regulations aimed at conserving resources.
Key Features:
The research report on the Flow Conditioner market includes several key features to provide comprehensive insights and facilitate decision-making for stakeholders.
Executive Summary: The report provides overview of the key findings, market trends, and major insights of the Flow Conditioner market.
Market Overview: The report provides a comprehensive overview of the Flow Conditioner market, including its definition, historical development, and current market size. It covers market segmentation by Type (e.g., Aluminum, Carbon Steel), region, and application, highlighting the key drivers, challenges, and opportunities within each segment.
Market Dynamics: The report analyses the market dynamics driving the growth and development of the Flow Conditioner market. The report includes an assessment of government policies and regulations, technological advancements, consumer trends and preferences, infrastructure development, and industry collaborations. This analysis helps stakeholders understand the factors influencing the Flow Conditioner market’s trajectory.
Competitive Landscape: The report provides an in-depth analysis of the competitive landscape within the Flow Conditioner market. It includes profiles of major market players, their market share, strategies, product portfolios, and recent developments.
Market Segmentation and Forecast: The report segment the Flow Conditioner market based on various parameters, such as by Type, region, and by Application. It provides market size and growth forecasts for each segment, supported by quantitative data and analysis. This helps stakeholders identify growth opportunities and make informed investment decisions.
Technological Trends: The report should highlight the key technological trends shaping the Flow Conditioner market, such as advancements in Type One technology and emerging substitutes. It analyses the impact of these trends on market growth, adoption rates, and consumer preferences.
Market Challenges and Opportunities: The report identify and analyses the major challenges faced by the Flow Conditioner market, such as technical bottleneck, cost limitations, and high entry barrier. It also highlights the opportunities for market growth, such as government incentives, emerging markets, and collaborations between stakeholders.
Regulatory and Policy Analysis: The report should assess the regulatory and policy landscape for Flow Conditioner, including government incentives, emission standards, and infrastructure development plans. It should analyse the impact of these policies on market growth and provide insights into future regulatory developments.
Recommendations and Conclusion: The report conclude with actionable recommendations for stakeholders, such as Application One Consumer, policymakers, investors, and infrastructure providers. These recommendations should be based on the research findings and address key challenges and opportunities within the Flow Conditioner market.
Supporting Data and Appendices: The report include supporting data, charts, and graphs to substantiate the analysis and findings. It also includes appendices with additional detailed information, such as data sources, survey questionnaires, and detailed market forecasts.
Market Segmentation
Flow Conditioner market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Market segment by Type
Aluminum
Carbon Steel
Stainless Steel
Hastelloy
Others
Market segment by Application
Natural Gas
Oil
Water
Steam
Others
Global Flow Conditioner Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Major players covered
Vortab
Canada Pipeline Accessories
Fluid Components International
Canalta Controls Group
Alloy Valves and Control
Primary Flow Signal
DKD & Associates
Tecnomatic
MATTECH
TrigasDM
Westfall Manufacturing
Fox Thermal
Binder Group
Sur-Tech
H&W Manufacturing
Shanghai Wan Hui Machinery Company
Outline of Major Chapters:
Chapter 1: Introduces the definition of Flow Conditioner, market overview.
Chapter 2: Global Flow Conditioner market size in revenue and volume.
Chapter 3: Detailed analysis of Flow Conditioner manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Flow Conditioner in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Flow Conditioner capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
1 Introduction to Research & Analysis Reports
1.1 Flow Conditioner Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Flow Conditioner Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Flow Conditioner Overall Market Size
2.1 Global Flow Conditioner Market Size: 2022 VS 2029
2.2 Global Flow Conditioner Revenue, Prospects & Forecasts: 2018-2029
2.3 Global Flow Conditioner Sales: 2018-2029
3 Company Landscape
3.1 Top Flow Conditioner Players in Global Market
3.2 Top Global Flow Conditioner Companies Ranked by Revenue
3.3 Global Flow Conditioner Revenue by Companies
3.4 Global Flow Conditioner Sales by Companies
3.5 Global Flow Conditioner Price by Manufacturer (2018-2023)
3.6 Top 3 and Top 5 Flow Conditioner Companies in Global Market, by Revenue in 2022
3.7 Global Manufacturers Flow Conditioner Product Type
3.8 Tier 1, Tier 2 and Tier 3 Flow Conditioner Players in Global Market
3.8.1 List of Global Tier 1 Flow Conditioner Companies
3.8.2 List of Global Tier 2 and Tier 3 Flow Conditioner Companies
4 Sights by Product
4.1 Overview
4.1.1 By Type – Global Flow Conditioner Market Size Markets, 2022 & 2029
4.1.2 Aluminum
4.1.3 Carbon Steel
4.1.4 Stainless Steel
4.1.5 Hastelloy
4.1.6 Others
4.2 By Type – Global Flow Conditioner Revenue & Forecasts
4.2.1 By Type – Global Flow Conditioner Revenue, 2018-2023
4.2.2 By Type – Global Flow Conditioner Revenue, 2024-2029
4.2.3 By Type – Global Flow Conditioner Revenue Market Share, 2018-2029
4.3 By Type – Global Flow Conditioner Sales & Forecasts
4.3.1 By Type – Global Flow Conditioner Sales, 2018-2023
4.3.2 By Type – Global Flow Conditioner Sales, 2024-2029
4.3.3 By Type – Global Flow Conditioner Sales Market Share, 2018-2029
4.4 By Type – Global Flow Conditioner Price (Manufacturers Selling Prices), 2018-2029
5 Sights by Application
5.1 Overview
5.1.1 By Application – Global Flow Conditioner Market Size, 2022 & 2029
5.1.2 Natural Gas
5.1.3 Oil
5.1.4 Water
5.1.5 Steam
5.1.6 Others
5.2 By Application – Global Flow Conditioner Revenue & Forecasts
5.2.1 By Application – Global Flow Conditioner Revenue, 2018-2023
5.2.2 By Application – Global Flow Conditioner Revenue, 2024-2029
5.2.3 By Application – Global Flow Conditioner Revenue Market Share, 2018-2029
5.3 By Application – Global Flow Conditioner Sales & Forecasts
5.3.1 By Application – Global Flow Conditioner Sales, 2018-2023
5.3.2 By Application – Global Flow Conditioner Sales, 2024-2029
5.3.3 By Application – Global Flow Conditioner Sales Market Share, 2018-2029
5.4 By Application – Global Flow Conditioner Price (Manufacturers Selling Prices), 2018-2029
6 Sights by Region
6.1 By Region – Global Flow Conditioner Market Size, 2022 & 2029
6.2 By Region – Global Flow Conditioner Revenue & Forecasts
6.2.1 By Region – Global Flow Conditioner Revenue, 2018-2023
6.2.2 By Region – Global Flow Conditioner Revenue, 2024-2029
6.2.3 By Region – Global Flow Conditioner Revenue Market Share, 2018-2029
6.3 By Region – Global Flow Conditioner Sales & Forecasts
6.3.1 By Region – Global Flow Conditioner Sales, 2018-2023
6.3.2 By Region – Global Flow Conditioner Sales, 2024-2029
6.3.3 By Region – Global Flow Conditioner Sales Market Share, 2018-2029
6.4 North America
6.4.1 By Country – North America Flow Conditioner Revenue, 2018-2029
6.4.2 By Country – North America Flow Conditioner Sales, 2018-2029
6.4.3 US Flow Conditioner Market Size, 2018-2029
6.4.4 Canada Flow Conditioner Market Size, 2018-2029
6.4.5 Mexico Flow Conditioner Market Size, 2018-2029
6.5 Europe
6.5.1 By Country – Europe Flow Conditioner Revenue, 2018-2029
6.5.2 By Country – Europe Flow Conditioner Sales, 2018-2029
6.5.3 Germany Flow Conditioner Market Size, 2018-2029
6.5.4 France Flow Conditioner Market Size, 2018-2029
6.5.5 U.K. Flow Conditioner Market Size, 2018-2029
6.5.6 Italy Flow Conditioner Market Size, 2018-2029
6.5.7 Russia Flow Conditioner Market Size, 2018-2029
6.5.8 Nordic Countries Flow Conditioner Market Size, 2018-2029
6.5.9 Benelux Flow Conditioner Market Size, 2018-2029
6.6 Asia
6.6.1 By Region – Asia Flow Conditioner Revenue, 2018-2029
6.6.2 By Region – Asia Flow Conditioner Sales, 2018-2029
6.6.3 China Flow Conditioner Market Size, 2018-2029
6.6.4 Japan Flow Conditioner Market Size, 2018-2029
6.6.5 South Korea Flow Conditioner Market Size, 2018-2029
6.6.6 Southeast Asia Flow Conditioner Market Size, 2018-2029
6.6.7 India Flow Conditioner Market Size, 2018-2029
6.7 South America
6.7.1 By Country – South America Flow Conditioner Revenue, 2018-2029
6.7.2 By Country – South America Flow Conditioner Sales, 2018-2029
6.7.3 Brazil Flow Conditioner Market Size, 2018-2029
6.7.4 Argentina Flow Conditioner Market Size, 2018-2029
6.8 Middle East & Africa
6.8.1 By Country – Middle East & Africa Flow Conditioner Revenue, 2018-2029
6.8.2 By Country – Middle East & Africa Flow Conditioner Sales, 2018-2029
6.8.3 Turkey Flow Conditioner Market Size, 2018-2029
6.8.4 Israel Flow Conditioner Market Size, 2018-2029
6.8.5 Saudi Arabia Flow Conditioner Market Size, 2018-2029
6.8.6 UAE Flow Conditioner Market Size, 2018-2029
7 Manufacturers & Brands Profiles
7.1 Vortab
7.1.1 Vortab Company Summary
7.1.2 Vortab Business Overview
7.1.3 Vortab Flow Conditioner Major Product Offerings
7.1.4 Vortab Flow Conditioner Sales and Revenue in Global (2018-2023)
7.1.5 Vortab Key News & Latest Developments
7.2 Canada Pipeline Accessories
7.2.1 Canada Pipeline Accessories Company Summary
7.2.2 Canada Pipeline Accessories Business Overview
7.2.3 Canada Pipeline Accessories Flow Conditioner Major Product Offerings
7.2.4 Canada Pipeline Accessories Flow Conditioner Sales and Revenue in Global (2018-2023)
7.2.5 Canada Pipeline Accessories Key News & Latest Developments
7.3 Fluid Components International
7.3.1 Fluid Components International Company Summary
7.3.2 Fluid Components International Business Overview
7.3.3 Fluid Components International Flow Conditioner Major Product Offerings
7.3.4 Fluid Components International Flow Conditioner Sales and Revenue in Global (2018-2023)
7.3.5 Fluid Components International Key News & Latest Developments
7.4 Canalta Controls Group
7.4.1 Canalta Controls Group Company Summary
7.4.2 Canalta Controls Group Business Overview
7.4.3 Canalta Controls Group Flow Conditioner Major Product Offerings
7.4.4 Canalta Controls Group Flow Conditioner Sales and Revenue in Global (2018-2023)
7.4.5 Canalta Controls Group Key News & Latest Developments
7.5 Alloy Valves and Control
7.5.1 Alloy Valves and Control Company Summary
7.5.2 Alloy Valves and Control Business Overview
7.5.3 Alloy Valves and Control Flow Conditioner Major Product Offerings
7.5.4 Alloy Valves and Control Flow Conditioner Sales and Revenue in Global (2018-2023)
7.5.5 Alloy Valves and Control Key News & Latest Developments
7.6 Primary Flow Signal
7.6.1 Primary Flow Signal Company Summary
7.6.2 Primary Flow Signal Business Overview
7.6.3 Primary Flow Signal Flow Conditioner Major Product Offerings
7.6.4 Primary Flow Signal Flow Conditioner Sales and Revenue in Global (2018-2023)
7.6.5 Primary Flow Signal Key News & Latest Developments
7.7 DKD & Associates
7.7.1 DKD & Associates Company Summary
7.7.2 DKD & Associates Business Overview
7.7.3 DKD & Associates Flow Conditioner Major Product Offerings
7.7.4 DKD & Associates Flow Conditioner Sales and Revenue in Global (2018-2023)
7.7.5 DKD & Associates Key News & Latest Developments
7.8 Tecnomatic
7.8.1 Tecnomatic Company Summary
7.8.2 Tecnomatic Business Overview
7.8.3 Tecnomatic Flow Conditioner Major Product Offerings
7.8.4 Tecnomatic Flow Conditioner Sales and Revenue in Global (2018-2023)
7.8.5 Tecnomatic Key News & Latest Developments
7.9 MATTECH
7.9.1 MATTECH Company Summary
7.9.2 MATTECH Business Overview
7.9.3 MATTECH Flow Conditioner Major Product Offerings
7.9.4 MATTECH Flow Conditioner Sales and Revenue in Global (2018-2023)
7.9.5 MATTECH Key News & Latest Developments
7.10 TrigasDM
7.10.1 TrigasDM Company Summary
7.10.2 TrigasDM Business Overview
7.10.3 TrigasDM Flow Conditioner Major Product Offerings
7.10.4 TrigasDM Flow Conditioner Sales and Revenue in Global (2018-2023)
7.10.5 TrigasDM Key News & Latest Developments
7.11 Westfall Manufacturing
7.11.1 Westfall Manufacturing Company Summary
7.11.2 Westfall Manufacturing Business Overview
7.11.3 Westfall Manufacturing Flow Conditioner Major Product Offerings
7.11.4 Westfall Manufacturing Flow Conditioner Sales and Revenue in Global (2018-2023)
7.11.5 Westfall Manufacturing Key News & Latest Developments
7.12 Fox Thermal
7.12.1 Fox Thermal Company Summary
7.12.2 Fox Thermal Business Overview
7.12.3 Fox Thermal Flow Conditioner Major Product Offerings
7.12.4 Fox Thermal Flow Conditioner Sales and Revenue in Global (2018-2023)
7.12.5 Fox Thermal Key News & Latest Developments
7.13 Binder Group
7.13.1 Binder Group Company Summary
7.13.2 Binder Group Business Overview
7.13.3 Binder Group Flow Conditioner Major Product Offerings
7.13.4 Binder Group Flow Conditioner Sales and Revenue in Global (2018-2023)
7.13.5 Binder Group Key News & Latest Developments
7.14 Sur-Tech
7.14.1 Sur-Tech Company Summary
7.14.2 Sur-Tech Business Overview
7.14.3 Sur-Tech Flow Conditioner Major Product Offerings
7.14.4 Sur-Tech Flow Conditioner Sales and Revenue in Global (2018-2023)
7.14.5 Sur-Tech Key News & Latest Developments
7.15 H&W Manufacturing
7.15.1 H&W Manufacturing Company Summary
7.15.2 H&W Manufacturing Business Overview
7.15.3 H&W Manufacturing Flow Conditioner Major Product Offerings
7.15.4 H&W Manufacturing Flow Conditioner Sales and Revenue in Global (2018-2023)
7.15.5 H&W Manufacturing Key News & Latest Developments
7.16 Shanghai Wan Hui Machinery Company
7.16.1 Shanghai Wan Hui Machinery Company Company Summary
7.16.2 Shanghai Wan Hui Machinery Company Business Overview
7.16.3 Shanghai Wan Hui Machinery Company Flow Conditioner Major Product Offerings
7.16.4 Shanghai Wan Hui Machinery Company Flow Conditioner Sales and Revenue in Global (2018-2023)
7.16.5 Shanghai Wan Hui Machinery Company Key News & Latest Developments
8 Global Flow Conditioner Production Capacity, Analysis
8.1 Global Flow Conditioner Production Capacity, 2018-2029
8.2 Flow Conditioner Production Capacity of Key Manufacturers in Global Market
8.3 Global Flow Conditioner Production by Region
9 Key Market Trends, Opportunity, Drivers and Restraints
9.1 Market Opportunities & Trends
9.2 Market Drivers
9.3 Market Restraints
10 Flow Conditioner Supply Chain Analysis
10.1 Flow Conditioner Industry Value Chain
10.2 Flow Conditioner Upstream Market
10.3 Flow Conditioner Downstream and Clients
10.4 Marketing Channels Analysis
10.4.1 Marketing Channels
10.4.2 Flow Conditioner Distributors and Sales Agents in Global
11 Conclusion
12 Appendix
12.1 Note
12.2 Examples of Clients
12.3 Disclaimer