▶ 調査レポート

三相PTOオルタネーターの世界市場2023年:15-25KW、25-35KW、35-45kw、45KW以上

• 英文タイトル:Global Three-Phase PTO Alternator Market Research Report 2023

QYResearchが調査・発行した産業分析レポートです。三相PTOオルタネーターの世界市場2023年:15-25KW、25-35KW、35-45kw、45KW以上 / Global Three-Phase PTO Alternator Market Research Report 2023 / MRC23Q35329資料のイメージです。• レポートコード:MRC23Q35329
• 出版社/出版日:QYResearch / 2023年3月
• レポート形態:英文、PDF、99ページ
• 納品方法:Eメール(2-3日)
• 産業分類:産業機械
• 販売価格(消費税別)
  Single User¥435,000 (USD2,900)▷ お問い合わせ
  Enterprise License¥870,000 (USD5,800)▷ お問い合わせ
• ご注文方法:お問い合わせフォーム記入又はEメールでご連絡ください。
• お支払方法:銀行振込(納品後、ご請求書送付)
レポート概要
本調査レポートは世界の三相PTOオルタネーター市場について調査・分析し、世界の三相PTOオルタネーター市場概要、メーカー別競争状況、地域別生産量、地域別消費量、タイプ別セグメント分析(15-25KW、25-35KW、35-45kw、45KW以上)、用途別セグメント分析(国防、航空、建築、エネルギー)、主要企業のプロファイル、市場動向などに関する情報を掲載しています。主要企業としては、WANCO INC、Soga SpA、CUMMINS GENERATOR TECHNOLOGIES、BASANT PRODUCTS (India) (VIDHATA)、ENDRESS Elektrogerätebau GmbH、Pedrollo、Mecc Alte、Generac、Vidhata Group、Jec Marine、Nero Industry、Prabhukrupa Industrial Corporationなどが含まれています。世界の三相PTOオルタネーター市場は、2022年にXXX米ドル、2029年にはXXX米ドルに達すると予測され、予測期間中の年平均成長率はXXX%です。COVID-19とロシア・ウクライナ戦争による影響は、三相PTOオルタネーター市場規模を推定する際に考慮しました。本レポートは、三相PTOオルタネーターの世界市場を定量的・定性的な分析により包括的に提示し、読者がビジネス/成長戦略を策定し、市場競争状況を把握し、現在の市場における自社のポジションを分析し、三相PTOオルタネーターに関するビジネス上の意思決定に役立てることを目的としています。

・三相PTOオルタネーター市場の概要
- 製品の定義
- 三相PTOオルタネーターのタイプ別セグメント
- 世界の三相PTOオルタネーター市場成長率のタイプ別分析(15-25KW、25-35KW、35-45kw、45KW以上)
- 三相PTOオルタネーターの用途別セグメント
- 世界の三相PTOオルタネーター市場成長率の用途別分析(国防、航空、建築、エネルギー)
- 世界市場の成長展望
- 世界の三相PTOオルタネーター生産量の推定と予測(2018年-2029年)
- 世界の三相PTOオルタネーター生産能力の推定と予測(2018年-2029年)
- 三相PTOオルタネーターの平均価格の推定と予測(2018年-2029年)
- 前提条件と制限事項

・メーカー別競争状況
- メーカー別市場シェア
- 世界の主要メーカー、業界ランキング分析
- メーカー別平均価格
- 三相PTOオルタネーター市場の競争状況およびトレンド

・三相PTOオルタネーターの地域別生産量
- 三相PTOオルタネーター生産量の地域別推計と予測(2018年-2029年)
- 地域別三相PTOオルタネーター価格分析(2018年-2023年)
- 北米の三相PTOオルタネーター生産規模(2018年-2029年)
- ヨーロッパの三相PTOオルタネーター生産規模(2018年-2029年)
- 中国の三相PTOオルタネーター生産規模(2018年-2029年)
- 日本の三相PTOオルタネーター生産規模(2018年-2029年)
- 韓国の三相PTOオルタネーター生産規模(2018年-2029年)
- インドの三相PTOオルタネーター生産規模(2018年-2029年)

・三相PTOオルタネーターの地域別消費量
- 三相PTOオルタネーター消費量の地域別推計と予測(2018年-2029年)
- 北米の三相PTOオルタネーター消費量(2018年-2029年)
- アメリカの三相PTOオルタネーター消費量(2018年-2029年)
- ヨーロッパの三相PTOオルタネーター消費量(2018年-2029年)
- アジア太平洋の三相PTOオルタネーター消費量(2018年-2029年)
- 中国の三相PTOオルタネーター消費量(2018年-2029年)
- 日本の三相PTOオルタネーター消費量(2018年-2029年)
- 韓国の三相PTOオルタネーター消費量(2018年-2029年)
- 東南アジアの三相PTOオルタネーター消費量(2018年-2029年)
- インドの三相PTOオルタネーター消費量(2018年-2029年)
- 中南米・中東・アフリカの三相PTOオルタネーター消費量(2018年-2029年)

・タイプ別セグメント:15-25KW、25-35KW、35-45kw、45KW以上
- 世界の三相PTOオルタネーターのタイプ別生産量(2018年-2023年)
- 世界の三相PTOオルタネーターのタイプ別生産量(2024年-2029年)
- 世界の三相PTOオルタネーターのタイプ別価格

・用途別セグメント:国防、航空、建築、エネルギー
- 世界の三相PTOオルタネーターの用途別生産量(2018年-2023年)
- 世界の三相PTOオルタネーターの用途別生産量(2024年-2029年)
- 世界の三相PTOオルタネーターの用途別価格

・主要企業のプロファイル:企業情報、製品ポートフォリオ、生産量、価格、動向
WANCO INC、Soga SpA、CUMMINS GENERATOR TECHNOLOGIES、BASANT PRODUCTS (India) (VIDHATA)、ENDRESS Elektrogerätebau GmbH、Pedrollo、Mecc Alte、Generac、Vidhata Group、Jec Marine、Nero Industry、Prabhukrupa Industrial Corporation

・産業チェーンと販売チャネルの分析
- 三相PTOオルタネーター産業チェーン分析
- 三相PTOオルタネーターの主要原材料
- 三相PTOオルタネーターの販売チャネル
- 三相PTOオルタネーターのディストリビューター
- 三相PTOオルタネーターの主要顧客

・三相PTOオルタネーター市場ダイナミクス
- 三相PTOオルタネーターの業界動向
- 三相PTOオルタネーター市場の成長ドライバ、課題、阻害要因

・調査成果および結論

・調査方法とデータソース

The global Three-Phase PTO Alternator market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
North American market for Three-Phase PTO Alternator is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
Asia-Pacific market for Three-Phase PTO Alternator is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
The key global companies of Three-Phase PTO Alternator include WANCO INC, Soga SpA, CUMMINS GENERATOR TECHNOLOGIES, BASANT PRODUCTS (India) (VIDHATA), ENDRESS Elektrogerätebau GmbH, Pedrollo, Mecc Alte, Generac and Vidhata Group, etc. In 2022, the world’s top three vendors accounted for approximately % of the revenue.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Three-Phase PTO Alternator, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Three-Phase PTO Alternator.
The Three-Phase PTO Alternator market size, estimations, and forecasts are provided in terms of output/shipments (Units) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Three-Phase PTO Alternator market comprehensively. Regional market sizes, concerning products by type, by application and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Three-Phase PTO Alternator manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.
By Company
WANCO INC
Soga SpA
CUMMINS GENERATOR TECHNOLOGIES
BASANT PRODUCTS (India) (VIDHATA)
ENDRESS Elektrogerätebau GmbH
Pedrollo
Mecc Alte
Generac
Vidhata Group
Jec Marine
Nero Industry
Prabhukrupa Industrial Corporation
Segment by Type
15-25KW
25-35KW
35-45kw
Above 45KW
Segment by Application
National Defense
Aviation
Architecture
Energy
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America
Mexico
Brazil
Core Chapters
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by type, by application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Three-Phase PTO Alternator manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Three-Phase PTO Alternator by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Three-Phase PTO Alternator 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, and production of each country in the world.
Chapter 5: 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 6: 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 7: Provides profiles of key players, introducing the basic situation of the key companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
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: The main points and conclusions of the report.

レポート目次

1 Three-Phase PTO Alternator Market Overview
1.1 Product Definition
1.2 Three-Phase PTO Alternator Segment by Type
1.2.1 Global Three-Phase PTO Alternator Market Value Growth Rate Analysis by Type 2022 VS 2029
1.2.2 15-25KW
1.2.3 25-35KW
1.2.4 35-45kw
1.2.5 Above 45KW
1.3 Three-Phase PTO Alternator Segment by Application
1.3.1 Global Three-Phase PTO Alternator Market Value Growth Rate Analysis by Application: 2022 VS 2029
1.3.2 National Defense
1.3.3 Aviation
1.3.4 Architecture
1.3.5 Energy
1.4 Global Market Growth Prospects
1.4.1 Global Three-Phase PTO Alternator Production Value Estimates and Forecasts (2018-2029)
1.4.2 Global Three-Phase PTO Alternator Production Capacity Estimates and Forecasts (2018-2029)
1.4.3 Global Three-Phase PTO Alternator Production Estimates and Forecasts (2018-2029)
1.4.4 Global Three-Phase PTO Alternator Market Average Price Estimates and Forecasts (2018-2029)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Three-Phase PTO Alternator Production Market Share by Manufacturers (2018-2023)
2.2 Global Three-Phase PTO Alternator Production Value Market Share by Manufacturers (2018-2023)
2.3 Global Key Players of Three-Phase PTO Alternator, Industry Ranking, 2021 VS 2022 VS 2023
2.4 Global Three-Phase PTO Alternator Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Three-Phase PTO Alternator Average Price by Manufacturers (2018-2023)
2.6 Global Key Manufacturers of Three-Phase PTO Alternator, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Three-Phase PTO Alternator, Product Offered and Application
2.8 Global Key Manufacturers of Three-Phase PTO Alternator, Date of Enter into This Industry
2.9 Three-Phase PTO Alternator Market Competitive Situation and Trends
2.9.1 Three-Phase PTO Alternator Market Concentration Rate
2.9.2 Global 5 and 10 Largest Three-Phase PTO Alternator Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Three-Phase PTO Alternator Production by Region
3.1 Global Three-Phase PTO Alternator Production Value Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
3.2 Global Three-Phase PTO Alternator Production Value by Region (2018-2029)
3.2.1 Global Three-Phase PTO Alternator Production Value Market Share by Region (2018-2023)
3.2.2 Global Forecasted Production Value of Three-Phase PTO Alternator by Region (2024-2029)
3.3 Global Three-Phase PTO Alternator Production Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
3.4 Global Three-Phase PTO Alternator Production by Region (2018-2029)
3.4.1 Global Three-Phase PTO Alternator Production Market Share by Region (2018-2023)
3.4.2 Global Forecasted Production of Three-Phase PTO Alternator by Region (2024-2029)
3.5 Global Three-Phase PTO Alternator Market Price Analysis by Region (2018-2023)
3.6 Global Three-Phase PTO Alternator Production and Value, Year-over-Year Growth
3.6.1 North America Three-Phase PTO Alternator Production Value Estimates and Forecasts (2018-2029)
3.6.2 Europe Three-Phase PTO Alternator Production Value Estimates and Forecasts (2018-2029)
3.6.3 China Three-Phase PTO Alternator Production Value Estimates and Forecasts (2018-2029)
3.6.4 Japan Three-Phase PTO Alternator Production Value Estimates and Forecasts (2018-2029)
4 Three-Phase PTO Alternator Consumption by Region
4.1 Global Three-Phase PTO Alternator Consumption Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
4.2 Global Three-Phase PTO Alternator Consumption by Region (2018-2029)
4.2.1 Global Three-Phase PTO Alternator Consumption by Region (2018-2023)
4.2.2 Global Three-Phase PTO Alternator Forecasted Consumption by Region (2024-2029)
4.3 North America
4.3.1 North America Three-Phase PTO Alternator Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.3.2 North America Three-Phase PTO Alternator Consumption by Country (2018-2029)
4.3.3 United States
4.3.4 Canada
4.4 Europe
4.4.1 Europe Three-Phase PTO Alternator Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.4.2 Europe Three-Phase PTO Alternator Consumption by Country (2018-2029)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Three-Phase PTO Alternator Consumption Growth Rate by Region: 2018 VS 2022 VS 2029
4.5.2 Asia Pacific Three-Phase PTO Alternator Consumption by Region (2018-2029)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Three-Phase PTO Alternator Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.6.2 Latin America, Middle East & Africa Three-Phase PTO Alternator Consumption by Country (2018-2029)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Three-Phase PTO Alternator Production by Type (2018-2029)
5.1.1 Global Three-Phase PTO Alternator Production by Type (2018-2023)
5.1.2 Global Three-Phase PTO Alternator Production by Type (2024-2029)
5.1.3 Global Three-Phase PTO Alternator Production Market Share by Type (2018-2029)
5.2 Global Three-Phase PTO Alternator Production Value by Type (2018-2029)
5.2.1 Global Three-Phase PTO Alternator Production Value by Type (2018-2023)
5.2.2 Global Three-Phase PTO Alternator Production Value by Type (2024-2029)
5.2.3 Global Three-Phase PTO Alternator Production Value Market Share by Type (2018-2029)
5.3 Global Three-Phase PTO Alternator Price by Type (2018-2029)
6 Segment by Application
6.1 Global Three-Phase PTO Alternator Production by Application (2018-2029)
6.1.1 Global Three-Phase PTO Alternator Production by Application (2018-2023)
6.1.2 Global Three-Phase PTO Alternator Production by Application (2024-2029)
6.1.3 Global Three-Phase PTO Alternator Production Market Share by Application (2018-2029)
6.2 Global Three-Phase PTO Alternator Production Value by Application (2018-2029)
6.2.1 Global Three-Phase PTO Alternator Production Value by Application (2018-2023)
6.2.2 Global Three-Phase PTO Alternator Production Value by Application (2024-2029)
6.2.3 Global Three-Phase PTO Alternator Production Value Market Share by Application (2018-2029)
6.3 Global Three-Phase PTO Alternator Price by Application (2018-2029)
7 Key Companies Profiled
7.1 WANCO INC
7.1.1 WANCO INC Three-Phase PTO Alternator Corporation Information
7.1.2 WANCO INC Three-Phase PTO Alternator Product Portfolio
7.1.3 WANCO INC Three-Phase PTO Alternator Production, Value, Price and Gross Margin (2018-2023)
7.1.4 WANCO INC Main Business and Markets Served
7.1.5 WANCO INC Recent Developments/Updates
7.2 Soga SpA
7.2.1 Soga SpA Three-Phase PTO Alternator Corporation Information
7.2.2 Soga SpA Three-Phase PTO Alternator Product Portfolio
7.2.3 Soga SpA Three-Phase PTO Alternator Production, Value, Price and Gross Margin (2018-2023)
7.2.4 Soga SpA Main Business and Markets Served
7.2.5 Soga SpA Recent Developments/Updates
7.3 CUMMINS GENERATOR TECHNOLOGIES
7.3.1 CUMMINS GENERATOR TECHNOLOGIES Three-Phase PTO Alternator Corporation Information
7.3.2 CUMMINS GENERATOR TECHNOLOGIES Three-Phase PTO Alternator Product Portfolio
7.3.3 CUMMINS GENERATOR TECHNOLOGIES Three-Phase PTO Alternator Production, Value, Price and Gross Margin (2018-2023)
7.3.4 CUMMINS GENERATOR TECHNOLOGIES Main Business and Markets Served
7.3.5 CUMMINS GENERATOR TECHNOLOGIES Recent Developments/Updates
7.4 BASANT PRODUCTS (India) (VIDHATA)
7.4.1 BASANT PRODUCTS (India) (VIDHATA) Three-Phase PTO Alternator Corporation Information
7.4.2 BASANT PRODUCTS (India) (VIDHATA) Three-Phase PTO Alternator Product Portfolio
7.4.3 BASANT PRODUCTS (India) (VIDHATA) Three-Phase PTO Alternator Production, Value, Price and Gross Margin (2018-2023)
7.4.4 BASANT PRODUCTS (India) (VIDHATA) Main Business and Markets Served
7.4.5 BASANT PRODUCTS (India) (VIDHATA) Recent Developments/Updates
7.5 ENDRESS Elektrogerätebau GmbH
7.5.1 ENDRESS Elektrogerätebau GmbH Three-Phase PTO Alternator Corporation Information
7.5.2 ENDRESS Elektrogerätebau GmbH Three-Phase PTO Alternator Product Portfolio
7.5.3 ENDRESS Elektrogerätebau GmbH Three-Phase PTO Alternator Production, Value, Price and Gross Margin (2018-2023)
7.5.4 ENDRESS Elektrogerätebau GmbH Main Business and Markets Served
7.5.5 ENDRESS Elektrogerätebau GmbH Recent Developments/Updates
7.6 Pedrollo
7.6.1 Pedrollo Three-Phase PTO Alternator Corporation Information
7.6.2 Pedrollo Three-Phase PTO Alternator Product Portfolio
7.6.3 Pedrollo Three-Phase PTO Alternator Production, Value, Price and Gross Margin (2018-2023)
7.6.4 Pedrollo Main Business and Markets Served
7.6.5 Pedrollo Recent Developments/Updates
7.7 Mecc Alte
7.7.1 Mecc Alte Three-Phase PTO Alternator Corporation Information
7.7.2 Mecc Alte Three-Phase PTO Alternator Product Portfolio
7.7.3 Mecc Alte Three-Phase PTO Alternator Production, Value, Price and Gross Margin (2018-2023)
7.7.4 Mecc Alte Main Business and Markets Served
7.7.5 Mecc Alte Recent Developments/Updates
7.8 Generac
7.8.1 Generac Three-Phase PTO Alternator Corporation Information
7.8.2 Generac Three-Phase PTO Alternator Product Portfolio
7.8.3 Generac Three-Phase PTO Alternator Production, Value, Price and Gross Margin (2018-2023)
7.8.4 Generac Main Business and Markets Served
7.7.5 Generac Recent Developments/Updates
7.9 Vidhata Group
7.9.1 Vidhata Group Three-Phase PTO Alternator Corporation Information
7.9.2 Vidhata Group Three-Phase PTO Alternator Product Portfolio
7.9.3 Vidhata Group Three-Phase PTO Alternator Production, Value, Price and Gross Margin (2018-2023)
7.9.4 Vidhata Group Main Business and Markets Served
7.9.5 Vidhata Group Recent Developments/Updates
7.10 Jec Marine
7.10.1 Jec Marine Three-Phase PTO Alternator Corporation Information
7.10.2 Jec Marine Three-Phase PTO Alternator Product Portfolio
7.10.3 Jec Marine Three-Phase PTO Alternator Production, Value, Price and Gross Margin (2018-2023)
7.10.4 Jec Marine Main Business and Markets Served
7.10.5 Jec Marine Recent Developments/Updates
7.11 Nero Industry
7.11.1 Nero Industry Three-Phase PTO Alternator Corporation Information
7.11.2 Nero Industry Three-Phase PTO Alternator Product Portfolio
7.11.3 Nero Industry Three-Phase PTO Alternator Production, Value, Price and Gross Margin (2018-2023)
7.11.4 Nero Industry Main Business and Markets Served
7.11.5 Nero Industry Recent Developments/Updates
7.12 Prabhukrupa Industrial Corporation
7.12.1 Prabhukrupa Industrial Corporation Three-Phase PTO Alternator Corporation Information
7.12.2 Prabhukrupa Industrial Corporation Three-Phase PTO Alternator Product Portfolio
7.12.3 Prabhukrupa Industrial Corporation Three-Phase PTO Alternator Production, Value, Price and Gross Margin (2018-2023)
7.12.4 Prabhukrupa Industrial Corporation Main Business and Markets Served
7.12.5 Prabhukrupa Industrial Corporation Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Three-Phase PTO Alternator Industry Chain Analysis
8.2 Three-Phase PTO Alternator Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Three-Phase PTO Alternator Production Mode & Process
8.4 Three-Phase PTO Alternator Sales and Marketing
8.4.1 Three-Phase PTO Alternator Sales Channels
8.4.2 Three-Phase PTO Alternator Distributors
8.5 Three-Phase PTO Alternator Customers
9 Three-Phase PTO Alternator Market Dynamics
9.1 Three-Phase PTO Alternator Industry Trends
9.2 Three-Phase PTO Alternator Market Drivers
9.3 Three-Phase PTO Alternator Market Challenges
9.4 Three-Phase PTO Alternator Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer