Global Wellbeing Report 2023

The global welding accessories market has witnessed substantial growth over the past decade, driven by the increasing demand for welding solutions across various industries such as automotive, construction, aerospace, and manufacturing. Welding accessories, including helmets, gloves, torches, cables, consumables, and safety equipment, are essential components of welding operations that ensure the efficiency, precision, and safety of the process. These accessories not only improve the quality of the weld but also enhance productivity and protect workers from potential hazards. As industries continue to innovate and demand higher performance levels, the welding accessories market is poised for further expansion in the coming years.

Now in its fourteenth edition, the Global Wealth Report explores how wealth is created, how it varies across regions globally, and how it transforms, evolves, and migrates across generations.

Mineral Wax - These are a series of hydrocarbons with high molecular weight and the overall market size mineral wax comprises of paraffin wax, microcrystalline wax, ceresin, and petrolatum waxes.  Synthetic Wax - These are hydrocarbon waxes which are extracted through polymerization of ethylene and the overall market size of synthetic wax comprises of polymer wax, Fischer-Tropsch wax and other polymer based waxes.

Wave and tidal energy are forms of renewable energy harnessed from the movement of ocean waters. Wave energy captures the kinetic energy of ocean waves, converting it into electricity using devices such as oscillating water columns or point absorbers. Tidal energy harnesses the gravitational forces between the earth, moon, and sun, generating power as tides rise and fall. Both sources have the potential to provide sustainable and predictable energy, reducing reliance on traditional fossil fuels.

Waterless cosmetics refer to beauty and skincare products formulated without the inclusion of water as a primary ingredient. In these products, water is typically replaced by alternative hydrating ingredients such as oils, butters, or plant extracts.

Water filters are designed to remove impurities such as sediments, taste, odor, bacteria, herbicides, and pesticides from the water to improve its quality for residential applications such as drinking, cooking, bathing, and other appliances. According to World Bank 2023, over two billion people worldwide lack access to safely managed drinking water services.

Virtual reality is a computer-generated simulation or recreation of an environment that simulates physical presence in real or imagined worlds. This technology enables the user to interact with the environment and experience a sense of presence in that world. Virtual reality typically involves the use of a headset or multi-projected environments to create realistic images, sounds, and other sensations that simulate a user's physical presence in a virtual or imaginary environment. It is widely used in various fields, including entertainment, gaming, education, training, and simulations.

A virtual card is a digital payment that exists solely in electronic form, lacking a physical card. It is typically used for online transactions and is associated with a specific payment account. Virtual cards enhance security by generating unique card numbers for each transaction, reducing the risk of fraud. These are often employed for business expenses, subscription services, and other situations where secure, trackable, and temporary payment methods are needed.

The vehicle-mounted crane market encompasses a range of cranes mounted on vehicles designed to facilitate the transportation and installation of heavy materials across various industries. This type of vehicle-mounted crane includes truck￾mounted cranes, all-terrain cranes, and crawler cranes which are used for applications in mining and oil & gas, construction, logistics and warehousing, and utility and maintenance and other sectors. Vehicle-mounted cranes are characterized by their mobility, allowing easy transport to job sites and the capability to operate in diverse environments. They serve various lifting needs, including heavy construction materials, equipment installation, and maintenance tasks, making them essential for enhancing operational efficiency in industries that require lifting and positioning capabilities.