Europe Is Anticipated To Get Hold Of A Soil Testing Market Share Of 30.0% – FMI

With a projected CAGR of 5.0% over the forecast period, the global soil testing market is anticipated to generate revenues of US$5,670.2 million by 2032, up from US$3,482.3 million in 2022. Due to its capacity to identify the characteristics of soil material and rock, which is essential knowledge for end-use industries like the construction and agricultural sectors, among others, soil testing is in high demand.

Soil testing is used in the agriculture industry to examine the soil and determine its composition, nutrient levels, and other characteristics, such as the pH balance, which helps the market grow overall. Additionally, the ability of soil testing to determine fertility levels, spot potential toxins, nutrient deficiencies, and trace minerals is a factor in its increasing sales.

Numerous static and dynamic tests carried out in accordance with the specifications provided by different testing and certifying organisations like ASTM, AASHTO, BS, IS, DIN, etc. influence market trends for soil testing. Due to high demand from the construction industry as well, the soil testing market has expanded significantly over the last ten years and is anticipated to continue growing steadily in the years to come.

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The market players are investing in creating new products, expanding product lines, and boosting their global presence through merger and acquisition strategies in order to meet the high level of demand.

The use of soil testing by civil and geotechnical engineers, which provides information directly influencing the choice of foundation systems, pavement materials, and design parameters for buildings, bridges, dams, roads, and other infrastructures, is boosting the market’s growth. Additionally, it is anticipated that there will be a high demand for soil testing in the agriculture sector in order to meet the rising demand for food from the rapidly expanding population.

Factors are Contributing to Europe’s Leading Position in the Soil Testing Market

Due to the stringent laws governing food safety, the environment, and agriculture, as well as those governing nutritional value, chemicals, and labelling, Europe is predicted to hold a 30.0% market share for soil testing by 2022.

The region’s soil testing market is anticipated to grow due to the region’s expanding agricultural sector, particularly in Germany. Compared to other continents, Europe has the highest concentration of testing labs, which is expected to support regional market expansion.

Growth Outlook for the North America Soil Testing Market

The United States is by far North America’s largest market, which has a significant impact on the region’s projected market share of 25.0% in 2022.

The market in this area is primarily driven by the presence of key players, rising funds for environmental protection, and an increase in organic farming. The market in this area is growing as a result of rising environmental protection spending, an increase in organic farming, and the presence of significant key players.

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Competition Landscape in the Soil Equipment Market

Manufacturers now primarily use acquisitions and the creation of new products as marketing strategies. Additionally, major players are concentrating on the creation of individualised soil testing that is quick and inexpensive.

Ele International recently released a new version of the soil testing software that complies with BS, ASTM, and AASHTO standards (UK). This software was created especially for geotechnical laboratories.

It is expected to improve the quality and output of soil tests like the triaxial, consolidation, permeability, and California Bearing Ratio tests. Agilent (US) plans to acquire Young In Scientific Co. Ltd (South Korea) in order to increase its direct market penetration in that country and to improve its environmental analytical capabilities.

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Drug Screening Market Size Worth US$ 18 Bn by 2032 – Exclusive Report by FMI

The global drug screening market size is projected to expand at a 16% CAGR from US$ 5.3 Bn in 2021 to US$ 18 Bn by 2032 showing an immense improvement.

A crucial driver of the drug screening market is the overuse of prescribed drugs and the elevated use of narcotics. According to one of the recent World Drug Reports, drug and alcohol abuse and consumption are on the rise globally.

Drug abuse killed nearly 500,000 people, while drug use disorders resulted in the loss of 18 million years of a healthy life, primarily due to opioids. Similar increases in alcohol consumption have been observed, with the consequences being an increase in the incidence of impaired driving.

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The rising consumption of illicit drugs and alcohol will accelerate the development of drug screening products and services on the road, fuelling the drug screening market growth.

Some countries, including South Africa, Colombia, Chile, Argentina, and Canada, consider workplace drug and alcohol testing to violate employee privacy. Such prohibitions in various countries may impede the adoption of drug screening devices etc., thereby limiting the overall market growth.

Several new products, devices, and services have also received regulatory approval and are being adopted by government agencies and corporate organizations and are expected to broaden drug screening market opportunities.

Companies in this market are expected to gain new opportunities as their business strategies shift toward oral swab drug tests and the development of the concept of fingerprint-based drug screening, thereby driving the demand for drug screening devices etc.,

Furthermore, New Psychoactive Substances (NPS) such as tryptamines, ketamine, piperazine, and phenethylamines can be considered emerging trends in the drug screening market. Owing to its low cost and dependability, urine samples are the most commonly used for testing, ramping up urine drug tests.

Influenced by factors as mentioned earlier and developments, the drug screening market is forecasted to touch US$ 11 Bn by 2026.

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Key Takeaways:

  • By product type, the consumables segment is likely to dominate the market since they provide improved solutions to make testing accurate and quick, accelerating market growth.
  • As it is a quicker and less invasive sample to collect at the roadside, the oral fluid sample segment is expected to account for a significant drug screening market share by sample type.
  • By drug type, the cannabis/marijuana segment is forecasted to hold sway over the drug testing industry since marijuana or cannabis is the most commonly used illicit substance in critical markets.
  • Drug testing laboratories are predicted to be at the forefront of the market by end-use, owing to their widespread acceptance and accurate result.
  • The drug screening market size accounted for around US$ 5.3 Bn in 2021.

“North America is projected to reign the market owing to the government implementing strict workplace testing regulations as well as expansion strategies followed by players. Furthermore, the region’s high adoption of technologically advanced solutions & favourable reimbursement scenarios has fuelled the market growth. New organ-on-a-chip platforms enable more precise and accurate perception of drug effects on the human body, and its advancements are also contributing to the growth of the North American drug screening market.” asserts an FMI researcher.

Competitive Landscape:

Some of the notable players in the drug screening market are Premier Biotech (US), Abbott Laboratories (US), Alfa Scientific Designs (US), OraSure Technologies (US), Shimadzu (Japan), Drägerwerk (Germany), LifeLock (US), Thermo Fisher Scientific (US), MPD Inc. (US), Omega Laboratories (US), Psychemedics (US), Roche (Switzerland), and Siemens Healthineers (Germany), Quest Diagnostics (US).

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To capture larger market shares, key companies are pursuing various growth strategies such as mergers and acquisitions, geographic expansion, product invention leading to some significant recent developments in the drug screening market.

  • Drager Safety Canada’s Drager drug test 5000 drug testing device received government approval, making it the country’s first roadside oral fluid drug testing device with active government support.
  • Intelligent fingerprinting limited, based in the United Kingdom, has released the world’s first portable fingerprint drug test to detect and analyze marijuana, opiates, and amphetamines. The newly launched device allows for sample collection and analysis in 10 minutes, speeding up the process.

Key Segments

By Sample Type:

  • Urine samples
  • Breath Samples
  • Oral Fluid Samples
  • Hair Samples
  • Other Samples

By Product and Service:

  • Drug screening
  • Analytical Instruments
  • Rapid Testing Devices
  • Consumables
  • Drug Screening Service

By End User:

  • Drug Testing Laboratories
  • Criminal Justice and Law Enforcement Agencies
  • Hospitals
  • Drug Treatment Centers
  • Individual Users
  • Pain Management Centers
  • Schools and Colleges
  • Workplaces

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • Europe
  • Middle East & Africa

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According To FMI, The Market For Water Leak Sensors Is Expected To Reach US$3,462.4 Million By 2032

The market for water leak sensors is anticipated to reach US$ 3,462.4 Mn in value by 2032, up from US$ 1,777.6 Mn in 2022, growing at a CAGR of 6.9 percent over the forecast period.

Sales of water leak sensors are anticipated to be driven by the integration of the Internet of Things (IoT), artificial intelligence (AI), cloud or edge-based services, and their growing use in smart homes. However, ineffective water systems and a lack of understanding about the significance of water leak sensors are likely to impede market expansion.

Instead, businesses are improving their research and development (R&D) efforts in order to examine new applications and create profitable market opportunities.

In developed nations like the U.S., the U.K., etc., the intricate water infrastructure can withstand pipe corrosion, breakage, or crack formation due to ageing. The need for water leak sensors to be used grows as a result. Furthermore, the market trends are likely to grow as a result of advancements and innovation in leak detection technology.

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The market is anticipated to grow as a result of several infrastructure renovations, new residential and non-residential construction projects, and other factors. The market’s numerous established and up-and-coming players help to fuel the expanding demand.

Connected systems are expected to contribute significantly to the projects’ sustainability goals and rank among the most crucial elements of smart water management software. This broadens the appeal and use of water leak detectors.

Market participants of the water leak sensors:

  • RLE Technologies
  • Yash Global Electronics Security Solution Private Limited
  • Leaksense Company Limited
  • Honeywell International Inc.
  • PA Vision Sdn Bhd
  • Honeywell International
  • Vivint Inc.
  • Samsung Electronics
  • Glentronics, Inc.
  • SimpliSafe
  • Fibar Group
  • D-Link Corporation
  • Insteon, Inc.
  • SDI Technologies Inc. (iHome)

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Some of the recent developments in the Water Leak Sensors market are:

  • In October 2021, ABB collaborated with a Danish water environment specialist to develop the next generation of smart water solutions that encourage more careful water use. With this, client will be able to better control water availability and boost plant operational efficiency in both process and energy optimization with these technologies.
  • In 2020, Primayer announced its support to Beacon Project in Nepal which aims to bring decent toilets, clean water, and good hygiene to people residing in Lahan, in Southeast Nepal.
  • In 2019, Gutermann AG launched the world’s first Zonescan NB-IoT leak logger for permanent monitoring of water distribution mains, which is a fully correlating system that can identify quiet leaks.
  • In December 2021, ABB launched an electromagnetic flowmeter with bidirectional communication to power intelligent water loss management. The AquaMaster 4 Mobile Communication units can communicate through 4G-LTE and NB-IoT networks, allowing plant engineers to stay up to date on the status of the water systems.

Key Segments Profiled In The Water Leak Sensors Market Survey

By Test Type:

  • Electroretinogram (ERG)
  • Multifocal Electroretinogram (mfERG)
  • Electro-Oculogram (EOG)
  • Visual-Evoked Responses (VER)

By Modality:

  • Fixed
  • Portable

By End User:

  • Hospitals
  • Clinics
  • Ambulatory Surgical Centers
  • Diagnostic Imaging Centers

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

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With 16% Revenue, North America Is Projected To Experience Significant Growth In The Trash Rack Cleaning Machine Market

By 2032, the market for trash rack cleaning machines is anticipated to reach US$ 408.5 million, up from US$ 286.8 million in 2022, growing at a CAGR of 3.6%.

Due to their frequent rough use, trash racks are used and occasionally need to be cleaned. The demand for trash rack cleaning equipment is anticipated to increase significantly as a result. The installation of trash rack cleaning machines requires significant upfront costs, which could restrain market expansion.

Contrarily, technological advancements and innovation are expected to drive market expansion because they improve a product’s functionality and broaden the range of downstream applications. There are two different types of trash rack cleaning equipment: hydraulic and rope-operated. These options should increase the use of trash rack cleaning equipment.

Due to their ability to dump the raked debris right into a truck, modern trash rack cleaning machines are in high demand. Additionally, since the machines don’t need conveyors, demand rises. Machines for cleaning trash racks hydraulically are preferred over cable-operated ones because they are designed specifically for the application. This specially designed cleaning apparatus boosts efficiency and increases adoption in the industry serving power plants.

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Status of the Europe Trash Rack Cleaning Machine Market

Europe has the largest market share for trash rack cleaning machines, with a 21% revenue share. The upcoming hydroelectric and thermal power projects in this area are to blame for this.

The demand for trash rack cleaning equipment is likely to increase as various countries in this region build out their power plant infrastructure. Additionally, the profitability and environmental friendliness that result from the machine deployment are anticipated to accelerate market growth.

Performance of the Asia Pacific Trash Rack Cleaning Machine Market

The trash rack cleaning market in Asia Pacific is expanding and is anticipated to expand significantly during the forecast period. This is because of the upcoming thermal and hydroelectric power projects.

In this area, there are more and more government programmes encouraging river and reservoir cleaning. This is attributed to the increasing pollution of water sources in various nations, which is predicted to increase the market share for trash rack cleaning machines.

North America Trash Rack Cleaning Machine Market Grow

With a revenue of 16%, North America is predicted to experience rapid growth in the trash rack-cleaning machine market. The development of infrastructure for water distribution networks as well as significant investment in the energy and power sectors are to blame for this.

As they cling to hydraulic structures in the United States, quagga mussels easily clog trash cans and water intakes. Increased aquatic weed growth results from this. As a result, it is anticipated that there will be a rise in the demand for automated cleaning in the near future, which will increase the market for trash rack cleaning devices.

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Some of the recent developments in the trash rack cleaning machine market are:

  • In October 2014, General Mechanical Works Pvt. Ltd. announced the TWS project for Ukai Thermal Power Station, from Gujarat to BHEL Nagpur. This project was one of the first 1 x 500 MW projects in the western region of India.
  • In February 2021, Künz, intermodal container crane manufacturer, installed 5G-controlled cranes at a new terminal in Hungary, the first of its kind for the industry. This was done to handle up to 1 Mn TEU per year.
  • In June 2020, The Austrian Tiroler Wassserkraft AG expanded one of their hydropower plants in Kirchbichl, Tyrol. Künz supplied one radial gate with flat and a trash rack cleaning machine.
  • In June 2021, voestalpine Stahl GmbH, the parent company of the Steel Division of the voestalpine Group, issued the final acceptance certificate (FAC) for the new high-performance HP 6 P slab grinding machine in the Linz plant to the Austrian grinding and cutting machine specialist BRAUN Maschinenfabrik.

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In The Coming Decade, The North American Market For Combi Boilers Is Anticipated To Grow Significantly

During the forecast period of 2022–2032, the global market for combi boilers is expected to grow steadily at a CAGR of 5.2%. The market is anticipated to grow and reach a global market valuation of $24.2 billion in 2022. The market for combi boilers is anticipated to grow to US$ 40.17 billion by 2032, taking into account the expanding demand on the global market.

A compact and standalone water heater is referred to as a combi boiler or combination boiler. It can also be used as the central heating boiler for a larger heating unit because installations are simple and labor-intensive. To maintain a comfortable indoor temperature, these central heating options are typically exhausted in colder climates. Additionally, a combi boiler helps to use extra heat energy produced in an industry that would otherwise be lost to the atmosphere.

A flue gas heat exchange system is part of the combi boiler, a high efficiency heating system. This is so that the gas the boiler produces while it is operating can be captured and used again. Combi boilers are also utilised in numerous other industries, such as the chemical, pulp and paper, and food and beverage sectors.

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Outlook of the North American Combi Boiler Market

The North American combi boiler market is anticipated to grow significantly between 2022 and 2032 in terms of market revenue. Future Market Insights predicts that by 2022, the market for combi boilers will have a 31% revenue share.

Rising replacement rates for conventional water heaters and rising consumer demand for energy-efficient buildings and water heating systems are a few major factors propelling the growth of the North American combi boiler market over the upcoming years.

This local industry will also profit from rising public awareness of environmental issues and rising demand for effective heating systems in colder regions like Canada and the United States. The strong demand can also be attributed to the need for effective and environmentally friendly heating systems in end-user businesses, in addition to the sector’s recent surge in popularity among consumers. Throughout the forecast period, these factors will have a favourable effect on the North American combi boiler market.

Sales of Combi Boilers unfold in the Asia Pacific

The region of Asia Pacific is anticipated to expand at a CAGR of 4.95% during the projection period. Due to rising combi boiler usage in nations like China, Japan, and South Korea, the Asia Pacific region market is anticipated to grow steadily over the anticipated period. These nations frequently experience subzero temperatures, especially in the winter, necessitating the use of water heaters and central heaters. Because a combi heater serves both purposes in a single compact unit, demand for them in the area is rising, which is anticipated to spur market expansion.

Additionally, a significant urban population in developing nations is anticipated to support market expansion. As of 2021, the World Bank estimated that 91.8% of Japan’s population lived in urban areas. The region is also anticipated to benefit from the presence of numerous notable market players.

Asia Pacific’s largest water heater energy group programme, which includes energy labelling for electric, gas, and heat pump water heaters, is in China. According to estimates of China’s primary energy consumption for water heaters for the BAU, Recommended Policy, and LLCC Scenarios, this demand is expected to rise by a factor of 2.8 between 2015 and 2035. In China, MEPS and labelling requirements are mandatory for all gas-fired instant water heaters, heated water combi-boilers, heat pump water heaters, solar water heating systems, and electric storage water heaters.

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Opportunistic Market for Combi Boilers be across Europe

The government’s significant investments in energy-efficient heating systems and the ongoing construction of modern buildings are expected to drive the European combi boiler market’s growth throughout the forecast period. The area’s growth rate between 2022 and 2032 will be 5.6% CAGR. The adoption of IoT-based technology for hot water supply and increased efforts to cut energy consumption are anticipated to be the main drivers of growth. The market outlook for the European combi boiler market would also improve during the forecast period as a result of strict government rules and regulations that mandate the replacement of conventional heating systems with smart units.

Through 2032, the UK combi boiler market is anticipated to expand at a CAGR of 5.1%. Increased consumer focus on adopting sustainable facilities along with rising disposable incomes will fuel industry expansion. The market environment will also be improved by a growing focus on the development of integrated heating and hot water delivery systems, as well as by advantageous incentives and subsidies to support green infrastructure.

Renewable heat technology has a strong following in Europe. While working toward the regional goal of a decarbonized buildings sector by 2050, the European Union (EU) announced its first mandatory renewable heating and cooling objective for national implementation in 2018. The market for gas boilers has been expanding, and the United Kingdom is a global leader in this industry. The market for combi boilers will continue to expand steadily between 2022 and 2032 as a result of this growth.

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According To FMI, The Market For Surge Tanks Is Expected To Be Worth US$2.9 Billion

The surge tank market is anticipated to expand at a CAGR of 4.2 percent between 2022 and 2032. During this projection period, it is expected that the market share for surge tanks will grow, from its current valuation of US$ 1.9 billion in 2022 to a net worth of US$ 2.9 billion in 2032.

A surge tank is a storage tank or vessel made from stainless steel or epoxy-coated carbon steel material. A surge tank is a type of reservoir that is used to regulate the flow of liquid in fluctuating pressure situations. Surge tanks mainly find applications in hydropower plants where the pressure of water must be maintained to ensure the proper functioning of turbines and to minimise the hammering effect caused due to fluctuations in water flow.

They are also used in oil & gas, chemical and water treatment plants. Surge tanks are designed to accommodate a wide range of pressure & volume and can easily neutralize the effect to avoid system failures and blowouts. Within the Chemical Industry, surge tanks are used in two-phase separation operations where longer retention time is required for effective separation.

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Surge Tanks Market: Dynamics

The surge tanks market is being driven by increasing demand from power & energy applications, especially due to new hydropower plants coming up in developed as well as developing regions. Along with this, rising investments in water infrastructure development across the globe will also support the growth of the surge tanks market.

Moreover, the recovery of the oil & gas industry coupled with pipeline expansion projects in the U.S., Brazil and Mexico and GCC countries will, in turn, help drive the surge tanks market. Apart from this, the high repair and maintenance cost of regular and coated surge tanks will also affect market growth.

Surge Tanks Market: Regional Outlook

The Global surge tank market is dominated by the Asia Pacific region. In APAC, the prompt growth of end-use industries, such as oil & gas, chemicals and power & energy industry — where surge tanks are frequently used — will help drive the market over the forecast period. Moreover, high investments in developing water infrastructure and setting up new hydropower plants in developing countries, such as China and India, will in turn boost the demand for surge tanks over the forecast period.

The APAC surge tank market is expected to register a healthy CAGR over the forecast period. North America and Europe are the major markets for surge tanks. In North America, the U.S. is expected to dominate the market owing to increasing investments in water infrastructure and significant growth of the oil & gas industry owing to shale gas exploration. The North American surge tanks market is expected to register significant growth over the forecast period.

In Europe, EU-5 countries are expected to hold a significant share of the market over the forecast period. Moreover, the recovery of the oil & gas industry coupled with increasing infrastructural developments in GCC countries, Brazil and Mexico will help boost the demand for surge tanks over the forecast period. Moreover, Latin America and the Middle East & Africa surge tanks market is expected to grow steadily over the forecast period.

Surge Tanks Market: Market Participants

Examples of some of the market participants in the global Surge Tanks market identified across the value chain include:

  • NM Group Global LLC (NMGG)
  • TransTech Fabrication, LLC
  • Alpha Tanks Limited
  • FAB-TECH Works & Constructions Pvt. Ltd.
  • Squibb Tank Company, Inc
  • Wheeler Tank Manufacturing, Inc.
  • RothLochston
  • Wiltsie Construction Co., Inc.
  • Young Engineering & Manufacturing Inc.
  • Steelways, Inc.
  • Oilwell ME
  • AA Tanks Co

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, applications, and industries.

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The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Surge Tanks Market: Segmentation

Based on capacity, the global surge tanks market is segmented into:

  • Below 1000 gallon
  • 1000-8000
  • Above 8000 gallon

Based on construction material, the global surge tanks market is segmented into:

  • Stainless steel
  • Coated Carbon Steel
  • Others

On the basis of pressure capacity, the global surge tanks market is segmented into:

  • Below 350 psi
  • 350 – 500 psi
  • Above 500 psi

Based on type, the global surge tank market is segmented into

  • Simple Surge Tanks
  • Gallery type Surge Tanks
  • Inclined Surge Tanks
  • Inclined Surge Tanks

Based on the application, the global surge tanks market is segmented into:

  • Hydropower Electricity
  • Industrial Use
  • Water transportation & Distribution Network
  • Oil & Gas
  • Others

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Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 10 years.

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Growth Of The Rubber Extruder Market: China And India, Will Play An Important Role – FMI

By 2032, the size of the global rubber extruder market is anticipated to be $4,021.5 million. The market for rubber extruders is expanding quickly. The global rubber extruder market is anticipated to reach US$ 2,399.5 Million in 2022 and is expected to grow at a CAGR of 5.3% over the course of the forecast period, according to FMI analysts.

Due to key drivers like the release of innovative and new rubber products, the rubber extruder market is anticipated to expand over the forecast period.

A number of additional factors, such as the expanding automotive manufacturing sector in both developing and developed nations and the growing consumer awareness of comfort, are also anticipated to increase demand for rubber extruders. Manufacturers are able to meet a significant consumer demand for the automotive industry by producing fuel-efficient, high-performance vehicles.

Over the forecast period, there is an expected rise in demand for rubber extruders from both the construction and automotive industries. It is anticipated that industry growth will increase as a result of the rising population and infrastructure spending around the world.

Germany and Russia currently hold a market share of 26.0% in Europe, and they are expected to expand during the forecast period. Rubber products are becoming more common in interior floor coverings of all types of vehicles as a result of stricter emission regulations.

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With a combined market share of 22.0% for North America and 19.5% for the Middle East, these regions are known for their opulent lifestyles and high standards of living. As a result, more and more industries, including the automotive and footwear sectors, are using rubber products, which will increase demand for rubber extruders globally.

People are anticipated to be more drawn to cosy and slippery rubber products in the future, which makes the rubber extruder market likely to expand quickly. The APEJ region’s developing economies, particularly China and India, will be crucial to the expansion of the rubber extruder market. The rubber extruder market has enormous growth potential as manufacturing sectors expand in nations like China and India. Leading manufacturers, like Japan Steel Works, Ltd., are concentrating on creating innovative products with better quality and energy efficiency.

Various Factors Driving the Rubber Extruder Market

The industry has seen a lot of growth in the rubber extruder market. The rubber extruder market is anticipated to grow significantly over the coming years as a result of significant technological advancements in processing and the introduction of new and inventive rubber products to the global market.

Other factors that will boost the sales of rubber extruders include the expanding automotive sector in both developing and emerging economies, rising public awareness of the advantages of rubber extruders, and evolving consumer concerns about comfort and the environment. Manufacturers have the chance to launch cutting-edge rubber products that are being mass-produced for fuel-efficient & high-performance vehicles in response to shifting consumer demands.

The demand for rubber extruders is anticipated to increase during the forecast period due to the automotive and construction industries. Additionally, it is anticipated that rising infrastructure spending and population growth will both fuel the expansion of the rubber extruder market.

Regional Analysis of Rubber Extruder Market Share

In the upcoming years, both developed and developing nations are expected to experience rapid growth in the use of rubber extruders. In the near future, the APEJ region’s markets, particularly those in China and India, will be crucial to the expansion of rubber extruders. Rubber extruders have room to grow in nations like China and India, whose manufacturing sectors are expanding quickly.

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Performance of North America in the Rubber Extruder Market

Due to the high demand for rubber in end-use industries like automotive and footwear and the North American region’s market share of 22.0% and the Middle Eastern region’s higher standards of living and higher disposable incomes, it is anticipated that demand for rubber extruders will rise.

Europe Rubber Extruder Market Grow

Over the forecast period, APAC and Europe are expected to see an increase in demand for rubber extruders globally. The fastest-growing nations are those in Europe, including Germany and Russia, which account for 26.0% of the global market share. The demand for rubber extruder in interior materials for all vehicle types is increasing as a result of stricter emission regulations.

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Surgical Instruments Tracking System Market Size will Register a CAGR of 15% through 2032

The global Surgical Instrument Tracking System Market size is expected to grow with a wholesome growth rate of more than 15% over the forecast period 2022-2032, finds Future Market Insights (FMI) in a recent market analysis. With the need to reduce costs and increase productivity, tracking systems are becoming more popular among healthcare providers.

The US FDA’s (Food and Drug Administration) proposed UDI (Unique Device Identification) requirements are expected to promote growth in the surgical instrument tracking systems market. According to the UDI rules, labelers (manufacturers, processors, specification formulators, re-packagers, and re-labelers) of surgical instruments are anticipated to administer immediate marking at the individual instrument degree.

The high system costs, long investment cycles, affordable restraints, and technological boundaries are expected to inhibit market growth to some extent. Also, due to the COVID-19 pandemic, there was seen a little drop in growth in the first quarter of 2021.

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With elective and non-elective surgeries held up, delayed, or abandoned worldwide, there was a noticeable drop in the application of surgical instrument tracking systems and consumables.

Surgical instrument tracking systems additionally lead to greater monitoring by responsible parties, while limiting medical errors, resulting in increased demand. Other major drivers for market expansion include usability of such solutions in inventory management and during the work cycle, which includes surgeries, storage, sterilization protocols, and post-surgery. As a result of this, total market sales will reach US$ 900 Mn by the ending of 2032.

Emerging economies like India and China, as well as countries in the Middle East, Latin America, and Southeast Asia, are likely to provide major growth possibilities for surgical instrument tracking systems manufacturers.

Rising healthcare costs and improving healthcare infrastructure are likely to provide growth opportunities for market players in all of these economies. The surgical instrument tracking systems market will prosper significantly as a result of this.

Key Takeaways

  • In 2022, the North America surgical instruments tracking systems market is expected to account for about 38.5% of the total market.
  • The surgical instruments tracking systems market in Asia Pacific is expected to register a CAGR of 19% over the projected period, owing to the region’s unexplored potential opportunities.
  • The RFID surgical instruments tracking is expected to gain a lot of traction, with a CAGR of 18.4% by 2032, according to surgical instruments tracking system market forecast.
  • Hospital is the dominant sector of surgical instrument tracking systems market, which is estimated to account for more than 33% of revenue by 2026.

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Diversification of Portfolio to Be the Key to Market Dominance

Some of the major participants in the surgical tool tracking systems market include:

  • Fortive Corporation (US)
  • Material Management Microsystems (US)
  • Becton, Dickinson and Company (BD) (US)
  • Haldor Advanced Technologies (US)
  • Getinge AB (Sweden)
  • STERIS (US)
  • STANLEY Healthcare (US)
  • Surgical Safety Scanner (US)

To get a stronger foothold in the surgical instruments tracking system market, leading companies are focusing on surgical instrument management, and employing innovative marketing strategies, technological advancements, mergers, and acquisitions.

  • Steris, a seller of infection control, surgical equipment, and other hospital supplies, purchased Key Surgical for US$ 850 Mn in October 2020, expanding its geographic reach and adding complementing product lines.
  • T-DOC 2000 surgical tool traceability system was created by Getinge AB and Intelligent InSites, Inc. from reprocessing to inventory and logistics to use, the solution supports the sterile supply workflow of instruments, consumables, and implants.
  • Flexible 6012 and Flexible 6027 RFID tags, which enable mounting flexibility, are durable, and are IP67-rated, were released in July 2020 by Vizinex RFID(US), making them perfect for tracking a variety of assets in indoor situations.
  • In May 2020, STANLEY Healthcare and CISCO linked up. STANLEY’s AeroScout Real-time Location System (RTLS) platform has been completely integrated and certified with CISCO DNA Spaces, the next-generation indoor position services platform, to give healthcare organizations enterprise-wide transparency into the location and condition of equipment and individuals.

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Key Segments By Component:

  • Software
  • Hardware
  • Services

By Technology:

  • Barcode
  • Radio Frequency Identification (RFID)

By End User:

  • Hospital
  • Public Hospital
  • Private Hospital
  • Other End Users

By Region:

  • North America
  • Latin America
  • Europe
  • Asia-Pacific excluding Japan
  • Middle East & Africa

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According To FMI, The Market For Seam Welding Equipment Is Anticipated To Grow At A Steady CAGR Of 3.8%.

The demand for seam welding machine is projected to rise at a steady CAGR of 3.8% during 2022-2032. The global seam welding machine market size is anticipated to be valued at US$ 1,415.6 Mn in 2022 and is projected to surpass US$ 2,055.5 Mn by 2032.

The growing demand from end users such as the construction and infrastructure, consumer durable goods, and transportation industries is propelling the growth of the seam welding machine market. Additionally, increased demand for new automobiles and aircraft, as well as increased use of seam welding machines in the construction and infrastructure industries, are expected to drive seam welding machine sales through 2032.

The seam welding machine produces a very strong weld. This machine’s precisely welded joint could be stronger than the material used to make it. As a result, this factor is propelling the market share of seam welding machines.

The market for seam welding devices is expected to expand as the method and machine become more cost-effective. However, welding with this machine is only possible along a fixed curve or line. Welding becomes difficult when sheets that must be joined together have a thickness greater than 3 mm, limiting the growth of the seam welding machine market.

Furthermore, because the disc-shaped electrodes cannot exert the required uniform pressure, this machine cannot weld obstruction-causing metal sheets with uneven surfaces. Another issue in the market for seam welding machines is respiratory problems caused by the gases produced while welding coated metals and steels.

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Regional Analysis

By 2022, North America is anticipated to have the second-largest market share, at 22.0% percent. Rapid industrialization, rising government investments in the building and infrastructure sectors, and end-users of seam welding machines are strengthening their presence in North America through expansions, alliances, and significant strategic moves. These are the factors anticipated to propel North America seam welding machine market growth during the projection period.

Europe is expected to command a 24 % share of the seam welding machine market by 2022. This expansion is the result of factors such as ongoing improvements in welding and welding-related processes, automation trends, and advancements in infrastructure development and construction projects.

Furthermore, the rising sales of seam welding machine is brought on by the rapidly-industrialising nature of the area, the expansion of smart factories, and the adoption of industry 4.0 in manufacturing facilities.

Competitive Landscape:

These actions have made it possible for market participants to grow their consumer bases and operations. With the increasing demand for seam welding machines in the global market, market participants in the seam welding machine market can anticipate attractive growth prospects in the future.

The key market players profiled in the report include Cogentix Medical, Palex Medical SA, Medtronic PLC, and Rainbow Medical Group.

Key Market Segments in the Seam Welding Machine Market

By Mode:

  • Intermittent Seam Welding
  • Continuous Seam Welding

By Product Type:

  • Manual Seam Welding Machine
  • Semi-Automatic Seam Welding Machine
  • Automatic Seam Welding Machine

By Wheel-Contact:

  • Wide wheel seam
  • Narrow wheel seam
  • Consumable wire seam welding
  • Mash seam welding
  • Foil butt seam welding

By End-Use Industry:

  • Industrial
  • Automotive Industry
  • Oil and Gas
  • Construction Industry
  • Others

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • MEA
  • Europe

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Hot Chamber Die Casting Machine Market Growth Is Projected To Reach 5% CAGR by 2032 – FMI

The global hot chamber die casting machine market size is expected to be valued at US$ 1,012.3 Million in 2022. With the rising growth of end-users including automotive coupled with immaculate traits such as low-cost runs and best-in-class finishing, the product is known for expelling casts in the required format from the molten feed. Overall demand for hot chamber die casting machines are projected to grow at a CAGR of 5% between 2022 and 2032, totalling around US$ 1,648.5 Million by 2032.

Using a hot chamber dies casting machine, molten metal is injected into the moulds, or dies, under extremely high pressure to create highly precise engineering die cast products. These moulds are used to create intricate shapes with a high level of accuracy, consistency, and repeatability. The process produces a shape with textured and smooth surfaces, consistent dimensions, and sharp, well-defined edges.

The majority of the volume produced by a hot chamber die casting machine is metal, and it can produce both simple and complex parts for items ranging from toys to automobiles. A hot chamber dies casting machine uses the technique of applying intense pressure to force molten metal into a mould cavity. Dies are two-part objects that can be used repeatedly.

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Hot Chamber Die Casting Machine Global Market dynamics

A hot chamber dies casting machine is used for fast cyclic production which reduces the cost, time and energy involved in the process and is intricate with every detail of the cast. Furthermore, the hot chamber die casting machine reduces porosity and it works at a low melting point because this die casting has a longer life, which makes them more suitable for casting purposes than any other machine.

This is driving the global market for hot chamber die casting machines in the estimated period. The advanced hot chamber die casting machine is provided with the features of a durable clamping unit, HSS blushing, alloy plus strong casting platen, control system with compact logic PLC, large touch screen, centralized system with longer life and reduced maintenance, motor-driven pump with higher efficiency.

more flexible multi-short piston and an injecting system with multiple speed control and these new features are forcing the consumer to replace their convectional Hot Chamber Die Casting Machine with a more advanced one. Hot chamber dies casting machines are prominently used in the automotive industry, instrumentations and 3 Cs industry (Computer, Communication & Consumer Electronics).

The growth of vehicles across the globe is estimated to boost the hot chamber die casting machine global market. Advancements in the instrumentation industry will further help the hot die casting chamber machine penetrate in the global market.

Hot Chamber Die Casting Machine Global Market: Regional Outlook

Industrialization in Europe and North America has increased the demand for industrial instruments in this region which in turn is estimated to accelerate the hot chamber die casting machine market. Die casting is used to make a large variety of cast alloy parts in different shapes and sizes having large numbers of applications.

Being one of the most efficient die casting machines which can produce large volumes of castings in a small period having extreme preciseness and repeatability. The flexibility of casting sizes, product types and infinite possibility of shapes makes Hot Chamber Die Casting Machine the preferred process for a wide variety of industries. Hot Chamber Die Casting Machine offers a large number of advantages such as very precise repeatability, less porosity, high tolerances power, textured & smooth surfaces and sharply defined parts.

All these features are increasing the inclination of the consumer towards hot chamber die casting machines in the global market. Economic growth and the presence of high disposable income in the countries like India and China in the Asia Pacific region are increasing the demand for automobiles and this is propelling the hot chamber die casting machine market in this region. Emerging countries of Middle East Africa are propelling the boosting for industrial instruments which are produced and processed by using hot chamber die casting machines.

Hot Chamber Die Casting Machine Global Market: Key Players

Key players in the global market of Hot Chamber Die Casting Machine are:

  • Jiaxing Xiuzhou Wangdian Dajian Equipment
  • Teknomec
  • Suzhou Sanji Die-Casting Automation System Co.
  • Frech
  • Buhler AG
  • UBE Machinery INC.
  • TOSHIBA MACHINE CO., LTD
  • Buhler AG
  • TOYO MACHINERY & METAL CO.,LTD.
  • Bezel Impex Private Limited.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Hot Chamber Die Casting Machine Global Market segmentation

The Hot Chamber Die Casting Machine market can be segmented on the basis of type of product type, operation type and end use-

The Hot Chamber Die Casting Machine market can be segmented on the basis of product type as:

  • Hybrid Hot Chamber Die Casting Machine
  • Magnesium Hot Chamber Die Casting Machine
  • Zinc Hot Chamber Die Casting Machine
  • Electric Hot Chamber Die Casting Machine

The Hot Chamber Die Casting Machine market can be segmented on the basis of operation type as:

  • Fully-Automatic
  • Semi-Automatic
  • Manual

The Hot Chamber Die Casting Machine market can be segmented on the basis of end use as:

  • Automotive Industry
  • 3 Cs Industry ( Computer, Communication & Consumer Electronics)
  • Instrumentation
  • Others

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About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 10 years.

Contact Us:

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