▶ 調査レポート

世界のEFBペレット機市場 2028年:電気、ディーゼル

• 英文タイトル:Global EFB Pellet Machine Market Insights, Forecast to 2028

Global EFB Pellet Machine Market Insights, Forecast to 2028「世界のEFBペレット機市場 2028年:電気、ディーゼル」(市場規模、市場予測)調査レポートです。• レポートコード:QY2207C2240
• 出版社/出版日:QYResearch / 2022年7月1日
• レポート形態:英文、PDF、98ページ
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レポート概要
新型コロナウイルス感染症のパンデミックにより、世界のEFBペレット機の市場規模は2022年にUS$xxxと推定され、調査期間中のCAGRはxxx%で、2028年までに再調整された規模はUS$xxxになると予測されています。この医療危機による経済変化を十分に考慮すると、2021年にEFBペレット機の世界市場のxxx%を占める「電気」タイプは、2028年までにUS$xxxの規模になり、パンデミック後の修正xxx%CAGRで成長すると予測されています。一方、「住宅用暖房」セグメントは、この予測期間を通じてxxx%のCAGRに変更されます。
中国のEFBペレット機の市場規模は2021年にUS$xxxと分析されており、米国とヨーロッパのEFBペレット機市場規模はそれぞれUS$xxxとUS$xxxです。米国の割合は2021年にxxx%であり、中国とヨーロッパはそれぞれxxx%とxxx%です。中国の割合は2028年にxxx%に達し、対象期間を通じてxxx%のCAGRを記録すると予測されています。日本、韓国、東南アジアはアジアで注目市場であり、今後6年間のCAGRはそれぞれxxx%、xxx%、xxx%になる見通しです。ヨーロッパのEFBペレット機市場については、ドイツは2028年までにUS$xxxに達すると予測されており、予測期間中のCAGRはxxx%になる見通しです。

EFBペレット機のグローバル主要メーカーには、RICHI Machinery、Liyang Tongfu Machinery Co.,Ltd.、Zhengzhou Fanda Machinery Co., Ltd.、Bioenergy Machinery、Henan Kingman Mechanical & Electrical Complete Plant Co., Ltd、Henan Sinovo Machinery Engineering Co.,Ltd、Anyang GEMCO Energy Machinery Co., Ltd、Qingdao BLS Engineering & Machinery Co., Ltd.、YDF Machineryなどがあります。2021年、世界のトップ5プレイヤーは売上ベースで約xxx%の市場シェアを占めています。

EFBペレット機市場は、種類と用途によって区分されます。世界のEFBペレット機市場のプレーヤー、利害関係者、およびその他の参加者は、当レポートを有益なリソースとして使用することで優位に立つことができます。セグメント分析は、2017年~2028年期間のタイプ別および用途別の販売量、売上、予測に焦点を当てています。

【種類別セグメント】
電気、ディーゼル

【用途別セグメント】
住宅用暖房、産業用暖房、その他

【掲載地域】
北米:アメリカ、カナダ
ヨーロッパ:ドイツ、フランス、イギリス、イタリア、ロシア
アジア太平洋:日本、中国、韓国、インド、オーストラリア、台湾、インドネシア、タイ、マレーシア
中南米:メキシコ、ブラジル、アルゼンチン
中東・アフリカ:トルコ、サウジアラビア、UAE

【目次(一部)】

・調査の範囲
- EFBペレット機製品概要
- 種類別市場(電気、ディーゼル)
- 用途別市場(住宅用暖房、産業用暖房、その他)
- 調査の目的
・エグゼクティブサマリー
- 世界のEFBペレット機販売量予測2017-2028
- 世界のEFBペレット機売上予測2017-2028
- EFBペレット機の地域別販売量
- EFBペレット機の地域別売上
- 北米市場
- ヨーロッパ市場
- アジア太平洋市場
- 中南米市場
- 中東・アフリカ市場
・メーカーの競争状況
- 主要メーカー別EFBペレット機販売量
- 主要メーカー別EFBペレット機売上
- 主要メーカー別EFBペレット機価格
- 競争状況の分析
- 企業M&A動向
・種類別市場規模(電気、ディーゼル)
- EFBペレット機の種類別販売量
- EFBペレット機の種類別売上
- EFBペレット機の種類別価格
・用途別市場規模(住宅用暖房、産業用暖房、その他)
- EFBペレット機の用途別販売量
- EFBペレット機の用途別売上
- EFBペレット機の用途別価格
・北米市場
- 北米のEFBペレット機市場規模(種類別、用途別)
- 主要国別のEFBペレット機市場規模(アメリカ、カナダ)
・ヨーロッパ市場
- ヨーロッパのEFBペレット機市場規模(種類別、用途別)
- 主要国別のEFBペレット機市場規模(ドイツ、フランス、イギリス、イタリア、ロシア)
・アジア太平洋市場
- アジア太平洋のEFBペレット機市場規模(種類別、用途別)
- 主要国別のEFBペレット機市場規模(日本、中国、韓国、インド、オーストラリア、台湾、インドネシア、タイ、マレーシア)
・中南米市場
- 中南米のEFBペレット機市場規模(種類別、用途別)
- 主要国別のEFBペレット機市場規模(メキシコ、ブラジル、アルゼンチン)
・中東・アフリカ市場
- 中東・アフリカのEFBペレット機市場規模(種類別、用途別)
- 主要国別のEFBペレット機市場規模(トルコ、サウジアラビア)
・企業情報
RICHI Machinery、Liyang Tongfu Machinery Co.,Ltd.、Zhengzhou Fanda Machinery Co., Ltd.、Bioenergy Machinery、Henan Kingman Mechanical & Electrical Complete Plant Co., Ltd、Henan Sinovo Machinery Engineering Co.,Ltd、Anyang GEMCO Energy Machinery Co., Ltd、Qingdao BLS Engineering & Machinery Co., Ltd.、YDF Machinery
・産業チェーン及び販売チャネル分析
- EFBペレット機の産業チェーン分析
- EFBペレット機の原材料
- EFBペレット機の生産プロセス
- EFBペレット機の販売及びマーケティング
- EFBペレット機の主要顧客
・マーケットドライバー、機会、課題、リスク要因分析
- EFBペレット機の産業動向
- EFBペレット機のマーケットドライバー
- EFBペレット機の課題
- EFBペレット機の阻害要因
・主な調査結果

Market Analysis and Insights: Global EFB Pellet Machine Market
Due to the COVID-19 pandemic, the global EFB Pellet Machine market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Electric accounting for % of the EFB Pellet Machine global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Residential Heating segment is altered to an % CAGR throughout this forecast period.
China EFB Pellet Machine market size is valued at US$ million in 2021, while the US and Europe EFB Pellet Machine are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period 2022-2028. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe EFB Pellet Machine landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period 2022-2028.
The global key manufacturers of EFB Pellet Machine include RICHI Machinery, Liyang Tongfu Machinery Co.,Ltd., Zhengzhou Fanda Machinery Co., Ltd., Bioenergy Machinery, Henan Kingman Mechanical & Electrical Complete Plant Co., Ltd, Henan Sinovo Machinery Engineering Co.,Ltd, Anyang GEMCO Energy Machinery Co., Ltd, Qingdao BLS Engineering & Machinery Co., Ltd. and YDF Machinery. etc. In 2021, the global top five players have a share approximately % in terms of revenue.
In terms of production side, this report researches the EFB Pellet Machine capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of EFB Pellet Machine by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global EFB Pellet Machine Scope and Segment
EFB Pellet Machine market is segmented by Type and by Application. Players, stakeholders, and other participants in the global EFB Pellet Machine market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Electric
Diesel
Segment by Application
Residential Heating
Industrial Heating
Others
By Company
RICHI Machinery
Liyang Tongfu Machinery Co.,Ltd.
Zhengzhou Fanda Machinery Co., Ltd.
Bioenergy Machinery
Henan Kingman Mechanical & Electrical Complete Plant Co., Ltd
Henan Sinovo Machinery Engineering Co.,Ltd
Anyang GEMCO Energy Machinery Co., Ltd
Qingdao BLS Engineering & Machinery Co., Ltd.
YDF Machinery
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
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

レポート目次

1 Study Coverage
1.1 EFB Pellet Machine Product Introduction
1.2 Market by Type
1.2.1 Global EFB Pellet Machine Market Size by Type, 2017 VS 2021 VS 2028
1.2.2 Electric
1.2.3 Diesel
1.3 Market by Application
1.3.1 Global EFB Pellet Machine Market Size by Application, 2017 VS 2021 VS 2028
1.3.2 Residential Heating
1.3.3 Industrial Heating
1.3.4 Others
1.4 Study Objectives
1.5 Years Considered
2 Global EFB Pellet Machine Production
2.1 Global EFB Pellet Machine Production Capacity (2017-2028)
2.2 Global EFB Pellet Machine Production by Region: 2017 VS 2021 VS 2028
2.3 Global EFB Pellet Machine Production by Region
2.3.1 Global EFB Pellet Machine Historic Production by Region (2017-2022)
2.3.2 Global EFB Pellet Machine Forecasted Production by Region (2023-2028)
2.4 North America
2.5 Europe
2.6 China
2.7 Japan
3 Global EFB Pellet Machine Sales in Volume & Value Estimates and Forecasts
3.1 Global EFB Pellet Machine Sales Estimates and Forecasts 2017-2028
3.2 Global EFB Pellet Machine Revenue Estimates and Forecasts 2017-2028
3.3 Global EFB Pellet Machine Revenue by Region: 2017 VS 2021 VS 2028
3.4 Global EFB Pellet Machine Sales by Region
3.4.1 Global EFB Pellet Machine Sales by Region (2017-2022)
3.4.2 Global Sales EFB Pellet Machine by Region (2023-2028)
3.5 Global EFB Pellet Machine Revenue by Region
3.5.1 Global EFB Pellet Machine Revenue by Region (2017-2022)
3.5.2 Global EFB Pellet Machine Revenue by Region (2023-2028)
3.6 North America
3.7 Europe
3.8 Asia-Pacific
3.9 Latin America
3.10 Middle East & Africa
4 Competition by Manufactures
4.1 Global EFB Pellet Machine Production Capacity by Manufacturers
4.2 Global EFB Pellet Machine Sales by Manufacturers
4.2.1 Global EFB Pellet Machine Sales by Manufacturers (2017-2022)
4.2.2 Global EFB Pellet Machine Sales Market Share by Manufacturers (2017-2022)
4.2.3 Global Top 10 and Top 5 Largest Manufacturers of EFB Pellet Machine in 2021
4.3 Global EFB Pellet Machine Revenue by Manufacturers
4.3.1 Global EFB Pellet Machine Revenue by Manufacturers (2017-2022)
4.3.2 Global EFB Pellet Machine Revenue Market Share by Manufacturers (2017-2022)
4.3.3 Global Top 10 and Top 5 Companies by EFB Pellet Machine Revenue in 2021
4.4 Global EFB Pellet Machine Sales Price by Manufacturers
4.5 Analysis of Competitive Landscape
4.5.1 Manufacturers Market Concentration Ratio (CR5 and HHI)
4.5.2 Global EFB Pellet Machine Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
4.5.3 Global EFB Pellet Machine Manufacturers Geographical Distribution
4.6 Mergers & Acquisitions, Expansion Plans
5 Market Size by Type
5.1 Global EFB Pellet Machine Sales by Type
5.1.1 Global EFB Pellet Machine Historical Sales by Type (2017-2022)
5.1.2 Global EFB Pellet Machine Forecasted Sales by Type (2023-2028)
5.1.3 Global EFB Pellet Machine Sales Market Share by Type (2017-2028)
5.2 Global EFB Pellet Machine Revenue by Type
5.2.1 Global EFB Pellet Machine Historical Revenue by Type (2017-2022)
5.2.2 Global EFB Pellet Machine Forecasted Revenue by Type (2023-2028)
5.2.3 Global EFB Pellet Machine Revenue Market Share by Type (2017-2028)
5.3 Global EFB Pellet Machine Price by Type
5.3.1 Global EFB Pellet Machine Price by Type (2017-2022)
5.3.2 Global EFB Pellet Machine Price Forecast by Type (2023-2028)
6 Market Size by Application
6.1 Global EFB Pellet Machine Sales by Application
6.1.1 Global EFB Pellet Machine Historical Sales by Application (2017-2022)
6.1.2 Global EFB Pellet Machine Forecasted Sales by Application (2023-2028)
6.1.3 Global EFB Pellet Machine Sales Market Share by Application (2017-2028)
6.2 Global EFB Pellet Machine Revenue by Application
6.2.1 Global EFB Pellet Machine Historical Revenue by Application (2017-2022)
6.2.2 Global EFB Pellet Machine Forecasted Revenue by Application (2023-2028)
6.2.3 Global EFB Pellet Machine Revenue Market Share by Application (2017-2028)
6.3 Global EFB Pellet Machine Price by Application
6.3.1 Global EFB Pellet Machine Price by Application (2017-2022)
6.3.2 Global EFB Pellet Machine Price Forecast by Application (2023-2028)
7 North America
7.1 North America EFB Pellet Machine Market Size by Type
7.1.1 North America EFB Pellet Machine Sales by Type (2017-2028)
7.1.2 North America EFB Pellet Machine Revenue by Type (2017-2028)
7.2 North America EFB Pellet Machine Market Size by Application
7.2.1 North America EFB Pellet Machine Sales by Application (2017-2028)
7.2.2 North America EFB Pellet Machine Revenue by Application (2017-2028)
7.3 North America EFB Pellet Machine Sales by Country
7.3.1 North America EFB Pellet Machine Sales by Country (2017-2028)
7.3.2 North America EFB Pellet Machine Revenue by Country (2017-2028)
7.3.3 United States
7.3.4 Canada
8 Europe
8.1 Europe EFB Pellet Machine Market Size by Type
8.1.1 Europe EFB Pellet Machine Sales by Type (2017-2028)
8.1.2 Europe EFB Pellet Machine Revenue by Type (2017-2028)
8.2 Europe EFB Pellet Machine Market Size by Application
8.2.1 Europe EFB Pellet Machine Sales by Application (2017-2028)
8.2.2 Europe EFB Pellet Machine Revenue by Application (2017-2028)
8.3 Europe EFB Pellet Machine Sales by Country
8.3.1 Europe EFB Pellet Machine Sales by Country (2017-2028)
8.3.2 Europe EFB Pellet Machine Revenue by Country (2017-2028)
8.3.3 Germany
8.3.4 France
8.3.5 U.K.
8.3.6 Italy
8.3.7 Russia
9 Asia Pacific
9.1 Asia Pacific EFB Pellet Machine Market Size by Type
9.1.1 Asia Pacific EFB Pellet Machine Sales by Type (2017-2028)
9.1.2 Asia Pacific EFB Pellet Machine Revenue by Type (2017-2028)
9.2 Asia Pacific EFB Pellet Machine Market Size by Application
9.2.1 Asia Pacific EFB Pellet Machine Sales by Application (2017-2028)
9.2.2 Asia Pacific EFB Pellet Machine Revenue by Application (2017-2028)
9.3 Asia Pacific EFB Pellet Machine Sales by Region
9.3.1 Asia Pacific EFB Pellet Machine Sales by Region (2017-2028)
9.3.2 Asia Pacific EFB Pellet Machine Revenue by Region (2017-2028)
9.3.3 China
9.3.4 Japan
9.3.5 South Korea
9.3.6 India
9.3.7 Australia
9.3.8 China Taiwan
9.3.9 Indonesia
9.3.10 Thailand
9.3.11 Malaysia
10 Latin America
10.1 Latin America EFB Pellet Machine Market Size by Type
10.1.1 Latin America EFB Pellet Machine Sales by Type (2017-2028)
10.1.2 Latin America EFB Pellet Machine Revenue by Type (2017-2028)
10.2 Latin America EFB Pellet Machine Market Size by Application
10.2.1 Latin America EFB Pellet Machine Sales by Application (2017-2028)
10.2.2 Latin America EFB Pellet Machine Revenue by Application (2017-2028)
10.3 Latin America EFB Pellet Machine Sales by Country
10.3.1 Latin America EFB Pellet Machine Sales by Country (2017-2028)
10.3.2 Latin America EFB Pellet Machine Revenue by Country (2017-2028)
10.3.3 Mexico
10.3.4 Brazil
10.3.5 Argentina
11 Middle East and Africa
11.1 Middle East and Africa EFB Pellet Machine Market Size by Type
11.1.1 Middle East and Africa EFB Pellet Machine Sales by Type (2017-2028)
11.1.2 Middle East and Africa EFB Pellet Machine Revenue by Type (2017-2028)
11.2 Middle East and Africa EFB Pellet Machine Market Size by Application
11.2.1 Middle East and Africa EFB Pellet Machine Sales by Application (2017-2028)
11.2.2 Middle East and Africa EFB Pellet Machine Revenue by Application (2017-2028)
11.3 Middle East and Africa EFB Pellet Machine Sales by Country
11.3.1 Middle East and Africa EFB Pellet Machine Sales by Country (2017-2028)
11.3.2 Middle East and Africa EFB Pellet Machine Revenue by Country (2017-2028)
11.3.3 Turkey
11.3.4 Saudi Arabia
11.3.5 UAE
12 Corporate Profiles
12.1 RICHI Machinery
12.1.1 RICHI Machinery Corporation Information
12.1.2 RICHI Machinery Overview
12.1.3 RICHI Machinery EFB Pellet Machine Sales, Price, Revenue and Gross Margin (2017-2022)
12.1.4 RICHI Machinery EFB Pellet Machine Product Model Numbers, Pictures, Descriptions and Specifications
12.1.5 RICHI Machinery Recent Developments
12.2 Liyang Tongfu Machinery Co.,Ltd.
12.2.1 Liyang Tongfu Machinery Co.,Ltd. Corporation Information
12.2.2 Liyang Tongfu Machinery Co.,Ltd. Overview
12.2.3 Liyang Tongfu Machinery Co.,Ltd. EFB Pellet Machine Sales, Price, Revenue and Gross Margin (2017-2022)
12.2.4 Liyang Tongfu Machinery Co.,Ltd. EFB Pellet Machine Product Model Numbers, Pictures, Descriptions and Specifications
12.2.5 Liyang Tongfu Machinery Co.,Ltd. Recent Developments
12.3 Zhengzhou Fanda Machinery Co., Ltd.
12.3.1 Zhengzhou Fanda Machinery Co., Ltd. Corporation Information
12.3.2 Zhengzhou Fanda Machinery Co., Ltd. Overview
12.3.3 Zhengzhou Fanda Machinery Co., Ltd. EFB Pellet Machine Sales, Price, Revenue and Gross Margin (2017-2022)
12.3.4 Zhengzhou Fanda Machinery Co., Ltd. EFB Pellet Machine Product Model Numbers, Pictures, Descriptions and Specifications
12.3.5 Zhengzhou Fanda Machinery Co., Ltd. Recent Developments
12.4 Bioenergy Machinery
12.4.1 Bioenergy Machinery Corporation Information
12.4.2 Bioenergy Machinery Overview
12.4.3 Bioenergy Machinery EFB Pellet Machine Sales, Price, Revenue and Gross Margin (2017-2022)
12.4.4 Bioenergy Machinery EFB Pellet Machine Product Model Numbers, Pictures, Descriptions and Specifications
12.4.5 Bioenergy Machinery Recent Developments
12.5 Henan Kingman Mechanical & Electrical Complete Plant Co., Ltd
12.5.1 Henan Kingman Mechanical & Electrical Complete Plant Co., Ltd Corporation Information
12.5.2 Henan Kingman Mechanical & Electrical Complete Plant Co., Ltd Overview
12.5.3 Henan Kingman Mechanical & Electrical Complete Plant Co., Ltd EFB Pellet Machine Sales, Price, Revenue and Gross Margin (2017-2022)
12.5.4 Henan Kingman Mechanical & Electrical Complete Plant Co., Ltd EFB Pellet Machine Product Model Numbers, Pictures, Descriptions and Specifications
12.5.5 Henan Kingman Mechanical & Electrical Complete Plant Co., Ltd Recent Developments
12.6 Henan Sinovo Machinery Engineering Co.,Ltd
12.6.1 Henan Sinovo Machinery Engineering Co.,Ltd Corporation Information
12.6.2 Henan Sinovo Machinery Engineering Co.,Ltd Overview
12.6.3 Henan Sinovo Machinery Engineering Co.,Ltd EFB Pellet Machine Sales, Price, Revenue and Gross Margin (2017-2022)
12.6.4 Henan Sinovo Machinery Engineering Co.,Ltd EFB Pellet Machine Product Model Numbers, Pictures, Descriptions and Specifications
12.6.5 Henan Sinovo Machinery Engineering Co.,Ltd Recent Developments
12.7 Anyang GEMCO Energy Machinery Co., Ltd
12.7.1 Anyang GEMCO Energy Machinery Co., Ltd Corporation Information
12.7.2 Anyang GEMCO Energy Machinery Co., Ltd Overview
12.7.3 Anyang GEMCO Energy Machinery Co., Ltd EFB Pellet Machine Sales, Price, Revenue and Gross Margin (2017-2022)
12.7.4 Anyang GEMCO Energy Machinery Co., Ltd EFB Pellet Machine Product Model Numbers, Pictures, Descriptions and Specifications
12.7.5 Anyang GEMCO Energy Machinery Co., Ltd Recent Developments
12.8 Qingdao BLS Engineering & Machinery Co., Ltd.
12.8.1 Qingdao BLS Engineering & Machinery Co., Ltd. Corporation Information
12.8.2 Qingdao BLS Engineering & Machinery Co., Ltd. Overview
12.8.3 Qingdao BLS Engineering & Machinery Co., Ltd. EFB Pellet Machine Sales, Price, Revenue and Gross Margin (2017-2022)
12.8.4 Qingdao BLS Engineering & Machinery Co., Ltd. EFB Pellet Machine Product Model Numbers, Pictures, Descriptions and Specifications
12.8.5 Qingdao BLS Engineering & Machinery Co., Ltd. Recent Developments
12.9 YDF Machinery
12.9.1 YDF Machinery Corporation Information
12.9.2 YDF Machinery Overview
12.9.3 YDF Machinery EFB Pellet Machine Sales, Price, Revenue and Gross Margin (2017-2022)
12.9.4 YDF Machinery EFB Pellet Machine Product Model Numbers, Pictures, Descriptions and Specifications
12.9.5 YDF Machinery Recent Developments
13 Industry Chain and Sales Channels Analysis
13.1 EFB Pellet Machine Industry Chain Analysis
13.2 EFB Pellet Machine Key Raw Materials
13.2.1 Key Raw Materials
13.2.2 Raw Materials Key Suppliers
13.3 EFB Pellet Machine Production Mode & Process
13.4 EFB Pellet Machine Sales and Marketing
13.4.1 EFB Pellet Machine Sales Channels
13.4.2 EFB Pellet Machine Distributors
13.5 EFB Pellet Machine Customers
14 Market Drivers, Opportunities, Challenges and Risks Factors Analysis
14.1 EFB Pellet Machine Industry Trends
14.2 EFB Pellet Machine Market Drivers
14.3 EFB Pellet Machine Market Challenges
14.4 EFB Pellet Machine Market Restraints
15 Key Finding in The Global EFB Pellet Machine Study
16 Appendix
16.1 Research Methodology
16.1.1 Methodology/Research Approach
16.1.2 Data Source
16.2 Author Details
16.3 Disclaimer