Market for Digital Instrument Clusters to Expand at a Solid CAGR Between 2022 and 2032

Electromechanical pointer instruments are rapidly being replaced by instrument clusters with digital displays. Furthermore, in the future generation of automobiles, digital instrument clusters are expected to replace analog instrument clusters. The world’s instrument clusters are divided into three categories: digital, analog, and hybrid. The analog cluster is a traditional instrument panel with a physical dial and a speedometer needle. On the LCD, VFD, or TFT-LCD screen, a digital instrument cluster displays all of these traditional instruments.

Such digital instrument clusters can be programmed to display the appropriate selection of virtual instruments according to the driver’s preferences. A hybrid cluster is a combination of analog and digital clusters. Furthermore, they can enhance the appeal of a vehicle with eye-catching graphics. Therefore, most of luxury brands are seeking to differentiate their vehicles through the inclusion of digital instrument clusters. It is expected that over seven million cars will have fully digital instrument clusters by 2018. Digital instrument clusters that offer personalization are a key selling point.

Digital Instrument Clusters: Drivers & Restraints

The key factor driving the digital instrument clusters market is a substantial rise in automobile output and its personalization. A digital instrument cluster that is reconfigurable is very appealing. Features such as distance until next charge, information on a battery charge, and other driver information, can easily be displayed using a digital instrument cluster. These features are driving the market for global digital instrument clusters. Another factor driving the market for global digital instruments is consumer trends.

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Tablet, PC, and smartphone ownership is increasing and there are opportunities to integrate these devices to drive global digital configurable instrument clusters. Furthermore, the economic and environmental constraints upon the engine designs are driving the introduction of digital instrument clusters since the interior gains more attention from OEMs as a way to differentiate. Another feature that is driving the global digital instrument clusters market includes advanced technological features such as reusability, dynamic, scalable, simple, and attractiveness.

Digital instrument clusters needs a larger LCD display- often 1280 x 480 pixels, thus leading to higher cost. Also, an 8 or 16-bit CPU cannot transfer that many pixels, hence the digital cluster needs a 32-bit CPU. In addition, the level of software capability needed extends beyond the traditional entrenched skill set. These factors act as restraints for the digital instrument clusters up to a certain extent.

The demand for digital instrument clusters in automobiles is anticipated to grow at an accelerated pace mainly due to significant growth in the automobile industry globally. Furthermore, the smartphone segment is also expected to grow at a high CAGR during the forecast period.

Digital Instrument Clusters: Region-wise Outlook

On the basis of region North America, the Asia Pacific and Japan are expected to be the dominant players as a result of growing economies in these regions. The Indian electronics system design and manufacturing (ESDM) industry is one of the fastest-growing industries in the country, which is further boosting the demand for digital instrument clusters in the region. The global digital instrument cluster market is anticipated to grow at a steady rate in other regions of the world as a result of a slowing global economy in these regions.

Digital Instrument Clusters: Key Players

Some of the market participants in the global digital instrument clusters market are Nippon Seiki Co., Ltd., Ford Motor Company, Audi AG, Renault, Volkswagen, Kia Motors Corp., BMW AG, Jaguar Land Rover Limited, NVIDIA Corporation and Tesla Motors.

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 categories such as market segments, geographies, types, technology and applications.

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.

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Key Segments Profiled in the Digital Instrument Cluster Market Survey

By Display Type:

  • LCD
  • TFT-LCD
  • OLED

By Display Size:

  • 5-8 inch
  • 9-11 inch
  • >12 inch

By Application:

  • Smartphones
  • Tablet PC/Desktop/Notebook
  • Automobile
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

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Pipes Market Are Anticipated To Increase At A 4.6 % CAGR Between 2022 And 2032

Over the forecast period of 2022-2032, the global pipes market is expected to grow at a CAGR of 4.6% to reach a valuation of US$ 225.5 Bn by the end of 2032. The pipe has applications in drain-waste-vent (DWV), sewers, water mains, water service lines, irrigation, conduit, and various industrial installations.

Significant demand for pipes in various industries and infrastructural development occurring in emerging economies are projected to drive the demand for pipes in the global market. The use of plumbing pipes in residential applications is mainly for the transportation of potable water and wastewater.

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Rising Application of Metal Pipes in Commerical Sector to Push the Sales by 5,553 Mn by 2032

Commercial buildings such as hospitals, schools, office buildings, and retail stores often have specialized piping systems for different types of fluids. Industrial plants also have their own specific piping needs depending on the type of manufacturing process taking place.

Rising population is indirectly shaping the infrastructure across the globe. New and ongoing construction requires piping system, which in turn is expected to boost the demand for pipes over the coming years.

The market is witnessing growth due to the increasing demand for new build extensions and project investment in developing countries. The commercial segment is expected to hold the largest share and poised to expand at the highest CAGR during the forecast period.

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Key Takeaways from Market Study

  • By material type, the metal segment is expected to grow at a CAGR of 5.8% during the forecast period.
  • By diameter, the metal segment is anticipated to dominate the market of pipes and is further expected to account for about 72.4% of the market share.
  • By end-use, the commercial segment is projected create an absolute dollar opportunity worth US$ 32.67 Bn in between the forecast period.
  • In terms of region, pipes sales in Europe are estimated to exhibit a CAGR of 4.7% over the forecast period (2022-2032).

Increasing residential and commercial infrastructure development coupled with growing construction activities, particularly in developing economies such as India and China will create remunerative growth opportunities for pipes manufacturers.” says a Future Market Insights analyst.

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Global Pipes Market Competitive Landscape

Among the industry’s key players are Orbia Advance Corp, ASTRAL POLYTECHNIK Ltd., Geberit AG, Finolex Industries Ltd., Formosa Plastic Corporation, Nan Ya Plastics Corp., Advanced Drainage Systems Incorporated, Polypipe Group Plc, AGRU Kunststofftechnik Gesellschaft M.B.H, FRANK GmbH, Contech Engineered Solutions LLC, Wienerberger AG, Mexichem SAB de CV and others

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The research report analyses the market demand trend for the global pipes between 2022 and 2032. Comprehensive analysis is provided in global pipes market report based on COVID-19 impact, macroeconomic factors, market trends & market background. As per Future Market Insights’ research scope, the global pipes market report is studied and analyzed in the following segments such as by material type, diameter, end use & regions. The global pipes market report gives us qualitative and quantitative information about the companies.

Explore wide-ranging Coverage of FMI’s Industrial Automation Market Insights Landscape:

Magnetic Separator Market: The global magnetic separator market is estimated to reach US$ 1.3 Bn in 2022. Driven by this, the market valuation is set to reach US$ 1.7 Bn in 2029.

Water Treatment System MarketWater treatment market stood at US$ 66,094 Mn in 2022 and is slated to increase at a CAGR of 6.8% to reach a valuation of US$ 111,922 Mn by the end of their forecast period

Facility Management Services MarketFacility management services market is expected to increase at a CAGR of 12.6% during the forecast period, from US$ 42.2 billion in 2021 to US$ 76.3 billion in 2026

Test and Measurement Equipment Market: The global test and measurement equipment market is predicted to witness a moderate CAGR of 5.6% during the forecast period of 2022 to 2032.

Testing, Inspection, and Certification Market: The testing, inspection and certification market is anticipated to register a CAGR of 1.8% during the forecast period.

Industrial PC Market : During the assessment period, the global Industrial PC Market is expected to register a robust CAGR of 6%, from US$ 5 Bn in 2021 to US$ 9.4 Bn in 2032

Industrial Cybersecurity Market : The industrial cybersecurity market is anticipated to record a CAGR of 7.7% during the forecast period (2022 – 2032)

Gaskets and Seals Market: The global gaskets and seals market is anticipated to hold a market value of USD 102 Bn by 2026, while recording a CAGR of 5.4% during the assessment period.

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Screw Air End Market Is Represents Approximately 10.1% Of The Overall Air Compressor Market – FMI

The screw air end market is projected to grow year-on-year in 3.4% in 2022, reaching a valuation of about US$ 4 Bn. With automation trends gaining traction, increasing adoption of oil-free screw air compressors is one of the key trends which is expected to drive sales in the market. Between 2022 and 2032, demand is expected to increase at a 4.5% CAGR.

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Competitive Landscape

Increased acquisition and expansion operations have been observed in recent years to boost the screw air end supply chain. Screw air end manufacturers are also researching and creating new technologies, such as boosting the propensity to resist oil blockage in oil-lubricated compressors and converting them to electric compressors for environmental safety.

For instance:

  • Atlas Copco agreed to buy Geveke B.V. and its subsidiaries, as well as LEWA GmbH and its subsidiaries. LEWA is a prominent diaphragm metering pump, process pump, and complete metering system manufacturer. Geveke sells compressors and designs and installs modern and complex process pump systems.
  • GE and IHI signed an MoU to collaborate on developing an Ammonia Gas Turbine Business Roadmap (Ammonia Roadmap) to lower carbon emissions from gas turbine power plants. The focus of joint research and feasibility studies will be on novel techniques to use carbon-free ammonia as a viable power production fuel.
  • At the Pintura Industrial Reus S.A. (PIRSA) facility in Calls, Spain, ELGi Compressors Europe, a subsidiary of ELGi Equipments Limited conducted a compressed air system overhaul. PIRSA, a Spanish manufacturer of paints, pavements, coatings, and waterproofing for the food and pharmaceutical industries, enhanced the site’s productivity and energy efficiency, saving almost 1,500 EUR per month as a result of the update.

Global Screw Air End Market by Category

By Capacity:
  • Up to 5HP
  • 5 to 25HP
  • 25 to 50HP
  • 50 to 150HP
  • 150 to 300HP
  • 300 to 500HP
By Technology:
  • Stationary
    • Oil Lubricated
    • Oil-Free
  • Portable
    • Oil Lubricated
    • Oil-Free
By Stage:
  • Single Stage
  • Two-Stage
  • Multi-Stage
By Driver Type:
  • Liquid Driven
  • Gas Driven
  • Electric
By Type:
  • Belt Drive
  • Gear Drive
By End-Use:
  • Oil and Gas Industry
  • Chemical Industry
  • Energy and Transmission
  • Automotive and Aerospace
  • Mining and Minerals
  • Other Manufacturing Industry
By Region:
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia Pacific
  • The Middle East and Africa

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Market For Lightning Arresters In North America Is Projected To Expand At A CAGR Of 5.8%

The global lightning arrester market is expected to reach US$ 782.1 Mn in 2022, at a CAGR of 6.5% to reach a valuation of US$ 1,466.7 Mn by 2032. Lightning arresters are a necessary safety precaution for any building. Increased focus on electrical equipment safety in homes as well as other applications like infrastructure, power plants, etc., will boost global lightning arrester market between 2022 and 2032.

Regionally, North America is prone to frequent lightning strikes, which has been a leading cause of increased electrical equipment damage in the region. Hence, North America lightning arrester market is anticipated to grow at a CAGR of 5.8% through the forecast period.

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Countries such as the U.S., ChinaIndiaIndonesiaMalaysia, etc. are prone to lightning strikes. Further, according to a study from the National Lightning Safety Institute, there has been a significant increase in lightning-related incidents over the past decade, with more than $2 billion in property damage reported each year. While traditional lightning rods are still the most prevalent kind of protection, lightning arresters are becoming a more popular option since they can protect a larger area for a lower cost.

Key Takeaways from Market Study

  • By rating type, above 110 KV sales are expected to remain dominant during the forecast period and will account for more than 40% by 2032.
  • By product type, the valve type lightning arrester segment is anticipated to grow with a CAGR of 7.7% through the forecast period.
  • By end Use, the power Industry segment is projected to lead the lightning arrester market and is further anticipated to create an absolute dollar opportunity worth US$ 145.9 Mn by 2032.
  • In terms of region, lightning arrester sales in South Asia & Pacific are estimated to increase at a CAGR of 7.2%.

Increasing lighting strokes incidents coupled with growing awareness regarding electrical equipment safety will boost the sales of lightning arresters in the forecast period.” says a Future Market Insights analyst.

Lightning Arrester Market Competitive Landscape

Among the industry’s key players are Eaton, ABB, Hubbell, GE Grid, Schneider Electric SE, TE Connectivity, Toshiba, and others

The lighting arreter market is moderately consolidated, with leading players accounting for more than 40% of the market share. These players are likely to invest in new technology developments, expansion of their distribution networks, and tie-ups with prominent end-users to maintain their market presence.

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Innovation / Development Trends

4. Key Success Factors

4.1. Product Adoption / Usage Analysis

4.2. Product innovation & Diversification

4.3. Marketing and Brand management

4.4. Supply Chain Management

5. Global Lightning Arrester Market Demand Analysis 2017-2021 and Forecast, 2022-2032

5.1. Historical Market Volume (Units) Analysis, 2017-2021

5.2. Current and Future Market Volume (Units) Projections, 2022-2032

5.3. Y-o-Y Growth Trend Analysis

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The research report analyses the market demand trend for the lightning arrester. The global market is based on COVID-19 impact, macroeconomic factors, market trends & market background. As per Future Market Insights’ research scope, the lightning arrester market report is studied and analyzed in the following segments such as by rating type, product type, end-use & regions. The lightning arrester market report gives us qualitative and quantitative information about the companies.

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About FMI – Automotive and Transportation

About FMI – Industrial AutomationThe industrial Automation division of FMI offers a novel approach and innovative perspective in analyzing industrial automation market. Comprehensive coverage of capital, portable, process, construction, industrial and special purpose machinery across manufacturing sector and distinctive analysis about installed base, consumables, replacement, USP-feature-application matrix make us a pioneering voice in the industry. We are preferred associates with established as well as budding industry stakeholders and channel partners when it comes to sustain, grow and identify new revenue prospects.

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.

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According To FMI, The Market For Water Desalination Equipment Will Reach US$25 Billion Between 2022 And 2032.

By 2022, it is anticipated that the market for water desalination equipment will have grown to a value of over US$ 13 billion. During the forecast period, a CAGR of 9% is anticipated. The market is anticipated to reach US$ 25 billion by 2032 as a result of the world’s increasing lack of potable water resources.

Brackish water, seawater, or any other type of water can be purified using water desalination equipment, a type of industrial device. Desalination technology makes it possible to separate salts and minerals from a variety of water sources, including industrial feed, wastewater, wells, and others, and then transform those waters into freshwater or potable water. As a result, the machinery is frequently used in many different industries, such as oil and gas, mining, agriculture, chemicals, and public settings.

The demand for water desalination equipment is expected to increase due to the expanding population and their rising water needs. Desalination machine sales have increased due to the disruption of the water cycle caused by climatic changes, which is also causing a shortage of water.

Additionally, due to the increasing use of water in various end-use industries as a result of rapid industrialization, there is an increased need for desalination facilities and equipment in a variety of industries.

Droughts and a lack of freshwater resources are driving up the demand for water treatment, particularly desalination, in arid areas.

The removal of toxic metals, such as boron and mercury, during the desalination process to create potable water was described in a study led by Berkeley Lab and the University of California, Berkeley, and published in the journal Science. The new method aids in the recovery of priceless metals like gold. This kind of research is intended to raise awareness of the water desalination technology available today.

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latest trends Boosting Water Desalination Equipment Market Growth

Reverse osmosis technology is becoming more widely known for efficiently treating all types of water feed, which is likely to increase demand for desalination equipment in developing nations like Saudi Arabia, China, and India.

As a result, it is anticipated that in the years to come, the use of water desalination equipment will increase due to the global population growth’s impact on groundwater reserves.

The management of operations, process control, parameter monitoring, and risk detection through the use of digital technology in desalination plants is likely to support the market expansion. Additionally, it will increase freshwater yield and decrease brine output.

In addition, the deployment of water purification and desalination technologies is mandated by the prevalence of strict government regulations on the release of effluent water from growing manufacturing facilities.

The World Health Organization (WHO) estimates that each year diarrhea-related deaths will total close to 829 000 due to poor sanitation, hand hygiene, and unsafe drinking water. To support the market’s expansion, the government is focusing on establishing water treatment facilities in the municipal sector.

The Middle East and Africa Meet the Needs of the Expanding Water Desalination Equipment Market

Due to the rising demand for potable water from nations like the UAE, Israel, and Saudi Arabia, the Middle East and Africa are expected to dominate the market.

There will be a huge demand for water desalination equipment due to the expanding construction industry and utility activities in Saudi Arabia, Qatar, Kuwait, the United Arab Emirates, and Qatar.

Desalination technology sales in the area are also anticipated to rise as a result of expanding industrial and municipal markets in the energy, chemical, pharmaceutical, and oil & gas sectors.

Algeria and the Gulf Cooperation Council (GCC) both have a growing understanding of desalination, which will expand the market’s opportunities for making money.

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Key Segments Profiled in the Water Desalination Equipment Industry Survey

Application:

  • Municipal
  • Industrial
  • Others (hospitality, etc.)

Technologies:

  • Reverse Osmosis
  • Nanofiltration
  • Multi-Stage Flash
  • Electrodialysis
  • Vapour Compression
  • Multi-Effect Distillation
  • Others

Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • The Middle East & Africa

Market Competition

Doosan Heavy Industries and Co., General Electric, Acciona SA, Genesis Water Technologies, Degremont Sas, Koch Membrane Systems, IDE Technologies, Biwater, Hyflux Ltd., and Cadagua are a few of the major companies that compete in the global market for water desalination equipment.

The market consists of local and international companies that develop, produce, and sell water desalination machinery. A competitive market environment is anticipated to result from the increase in players. In addition, it is predicted that a number of companies, including General Electric, Doosan Heavy Industries and Co, and Hyflux Ltd, will hold a sizable portion of the market.

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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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Foldable Phone Market in North America is Set to Rise at a 28.3% CAGR through the End of 2031

The foldable phone industry is expected to reach a valuation of US$ 65 billion by 2031, according to Future Industry Insights (FMI), with a CAGR of about 25.2 percent. The ever-increasing popularity of smartphones has boosted display technology innovation, with foldable displays being the most recent component to hit the market.

The foldable phone business is predicted to grow at a high rate because to rapid technology breakthroughs, improved design, enhanced functionality, and product improvements. This is predicted to assist the global foldable phone market in the coming years.

Increasing consumer awareness regarding the latest trends in smartphone technologies is fueling demand for innovative smartphones.  As a result, some well-known companies have been patenting their design architecture for soon-to-be-released folding phones. Apple Inc., for example, has patented its folding smartphone technology with a hinge heating technology to protect it from wear and tear over time.

Also, smartphone makers are experimenting with technologies and features in their foldable smartphones, which can be seen in Samsung Galaxy Fold and Motorola Razr, as these phones have a unique design but prefers front-to-front fold display technology.

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Furthermore, in April 2021, Oppo launched two new foldable phones in the market, both with an inward-folding design. Vivo is also expected to release a folding phone with an inwards folding design, while Xiaomi has already released the Mi MIX Fold.

Another trend that is propelling the foldable phone market is the implementation of work from-home culture. Rising viewership and increasing interest of individuals towards job opportunities that offer remote work has led increasing demand for reliable and efficient electronic products. This is anticipated to provide impetus to foldable phone sales in the forthcoming years.

Key Takeaways:

  • Based on display size, the under 6 Inches display segment is expected to hold a 44.6% of the total foldable phone market share in 2021.
  • Foldable phone with a 12 GB RAM are likely to dominate the market in 2021, accounting for over 46% of the total market share.
  • Under the storage segment, foldable phone with the storage space of 256 GB will hold more than half of the total foldable phone market share in 2021.
  • US$500-1,500 is projected to hold the leading share in the market in 2021, accounting for nearly half of sales.
  • Sales of foldable phones through online retail channels are projected to grow at a prolific 38.1% CAGR through 2031.
  • China will emerge as an attractive foldable phone market, accounting for over 40% of the market share in East Asia 2021.
  • The U.S. will dominate the North America foldable phone market with nearly 80% the market share over the forecast period.
  • India is projected to account for more than one-third of the South Asia foldable phone market share in 2021.

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Who is Winning?

Leading players in the foldable phone market are Samsung Group, Huawei Technologies Co., Ltd., Microsoft Corporation, Xiaomi Corporation, Royole Corporation, Motorola (Lenovo Limited), TCL Technology, LG Corporation, ZTE Corporation, Sony Group Corporation, AsusTek Computer Inc., Energizer among others.

Leading manufacturers of foldable phones are focusing on promotional strategies, advertisements, and new product launches to improve sales of foldable phones. Apart from this, mergers, acquisitions, and strategic collaborations will remain prominent growth strategies among key market players over the assessment period. For instance:

  • In 2021, Xiaomi launched their first foldable smartphone, Mi MIX FOLD, at the Spring 2021 New Product Launch. Equipped with a large 8.01” WQHD+ resolution flexible internal display and a 6.52” external display, this innovative new device touts the largest foldable display on any smartphone.

Market by Category

By Display Size:

  • Under 6 inches
  • 6-7 Inches
  • 7-8 Inches
  • 8 Inches & Above

By RAM Capacity:

  • 8 GB
  • 12 GB
  • 16 GB

By Storage:

  • 256 GB
  • 512 GB

By Price Range:

  • US$ 500- US$ 1,500
  • US$ 1,500- US$ 2,000
  • US$ 2,000 & Above

By Sales Channel:

  • Hypermarkets/ Supermarkets
  • Specialty Stores
  • Multi-brand Stores
  • Independent Small Stores
  • Online Retailers
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa (MEA)

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

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U.S Anechoic Chamber Market Size Could Value US$ 700 Million While Expanding At A CAGR Of 4.1%

In 2021, it is anticipated that the market for anechoic chambers will be worth USD 1.2 billion. Sales of the same are anticipated to reach USD 2 Bn between 2022 and 2032, growing at a CAGR of 21.7%. The market is predicted to see new opportunities as 5G technology takes off and hybrid and electric vehicle sales rise. An important factor driving the market during the forecast period is anticipated to be the rising demand for testing electronics.

Major Factors Boosting the Global Anechoic Chamber Market

Increasing Need for Testing Electronics to Boost the Demand for Anechoic Chamber Market

The increasing demand for testing electronics is one of the main factors fueling the market’s growth. Other significant factors expected to propel the market include the prevalence of stringent government laws and regulations governing electromagnetic interference (EMI) in the electronics sector and the rising use of anechoic chambers designed specifically for the industry. Other significant factors driving the market growth in the forecast period include the rising demand for anechoic chambers for electromagnetic compatibility pre-compliance testing and an increase in the use of industry-specific customised anechoic chambers.

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In addition, players are concentrating on building the chamber. For example, these rooms were previously only referred to as acoustic anechoic rooms. Currently, it includes RF anechoic chambers as well. The problem of outside noise and reflection brought on by electromagnetic waves is eliminated by the radiofrequency chamber. Such changes are probably going to help the market as a whole grow.

The Guinness World Record has named a chamber created by Microsoft in 2015 as the world’s quietest location. The development of the chamber is advantageous for items like the Surface tablet lineup, the HoloLens VR headsets, and the Xbox gaming console. Additionally, it benefits programmes like Skype and Cortana Virtual Assistant where the audio component is prominent. Therefore, it is anticipated that the market will grow significantly as a result of the ongoing development of information and communication technology.

Emerging Trends in the Global Anechoic Chamber Market

The emergence of 5G technology and the expansion of hybrid and electric vehicles have been predicted as the market’s upcoming trends for the foreseeable future. New devices that are capable of utilising the most recent 5G technology will be released as 5G is deployed. EMC/RF/EMI testing of the 5G transmission antennas will help to ensure that the antennas are operating effectively.

Additionally, the increasing number of robotic testing applications is anticipated to create numerous opportunities for market growth. Also anticipated to be a lucrative trend for market expansion are testing opportunities in 2D electronics and molecular electronics.

Factors Impeding the Anechoic Chamber Market

A negative effect on the market is anticipated during the forecast period due to an increase in testing error incidents and the high cost of electromagnetic compatibility testing. Long lead times for overseas qualification assessments are another factor that is anticipated to restrain market growth during the forecast period. Additionally, it is anticipated that the observed device’s flammability will pose a significant obstacle to the future growth of the market.

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Contribution of Key Players to the Global Anechoic Chamber Market

Key players in the global anechoic chamber market include Esco Technologies, Tdk Corporation, Microwave Vision Group, Franconia Group, And Eckel Industries, Among Others.

Recent developments among players are:

  • In 2020, Mphasis, an IT solution provider specializing in cloud and cognitive services, announced the opening of a state-of-the-art Hi-Tech Wireless Chamber in Banglore, India. The chamber is equipped with Radio Frequency Shielding for IoT, Wi-Fi, and 5G, allowing Mphasis to deliver advanced testing and certification services for these technologies.
  • In January 2022, Audio-Technica Fukui Co., a Japanese company, disclosed its electromagnetic anechoic chambers which would measure the radio waves emitted by devices like wireless earphones and microphones at very high precision so that the company could be sure about their compliance with each country’s different radio emission standards

Key Segments

By Type:

  • Semi Anechoic Chamber
  • Full Anechoic Chamber

By Application:

  • Anechoic Chamber for Automotive
  • Anechoic Chamber for Military and Defense
  • Anechoic Chamber for IT and Telecommunications
  • Anechoic Chamber for Consumer Appliances and Electronics
  • Anechoic Chamber for Medical Applications
  • Anechoic Chamber for Other Applications

By Region:

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

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Global Hydraulic Cylinder Market will reach a value of USD 18.3 billion by 2027 at a CAGR of 4.4%

The global hydraulic cylinder market was worth USD 14.3 billion in 2021 and is estimated to grow to USD 18.3 billion by 2027, with a CAGR of 4.4 percent between 2022 and 2027. An apparatus that transforms hydraulic energy into a linear force and movement is a hydraulic cylinder. Additionally, it is a linear hydraulic motor with a moving component operating in a cylindrical bore, such as a piston with a piston rod or a plunger. As a linear motor and structural component, the hydraulic cylinder is significantly impacted by the environment.

In order to find and gather data for this in-depth commercial study of the global hydraulic cylinder market, a variety of secondary sources, including encyclopaedias, directories, and databases, were used. Hydraulic cylinders are typically designed for working pressures of up to 350–400 bar and occasionally up to 600 bar and more for special purposes. The primary sources – experts from the industry and suppliers have been interviewed to obtain and verify critical information as well as to assess the future prospects of the hydraulic cylinders market. The subsea control systems market is led by players such as Bosch Rexroth (Germany), Caterpillar (U.S.), Eaton (Ireland), Parker Hannifin (U.S.).

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The increased supply for heavy construction and mining equipment from the construction, mining, and oil gas industries is largely responsible for the market’s rise. The increasing usage of material handling equipment across sectors throughout the world is a primary driver of the hydraulic cylindermarket expansion.

Function, specification, bore size, applicability, sector, and region have all been used to segment the global hydraulic cylinder market. Because of their rising acceptance in the construction and material handling industries, government measures to resuscitate infrastructural projects across countries have contributed to driving up demand for hydraulic cylinders.

Increased farm mechanization across regions, particularly in APAC, as well as global increases in mining exploration operations, have all aided the hydraulic cylinder market’s expansion.

To make a high-quality hydraulic cylinder, metal forging and accurate engineering are required.

Small and medium-sized businesses (SMEs) face cost constraints when it comes to entering the hydraulic cylinder market. Hydraulic cylinders have ongoing maintenance expenditures in addition to the initial product price. Hydraulic cylinders must be serviced on a regular basis to avoid oil leaks and other problems. The cylinder rod’s quality and finish must be checked on a regular basis.

Failure can also be caused by improper rod strength or diameter. The cylinder tube should be inspected on a regular basis since the cylinder walls may wear down over time, reducing its thickness. These characteristics result in higher maintenance expenses, putting a stop to the use of hydraulic cylinders.

Fluid, the main oil, is used to power hydraulic cylinders. The contamination of the environment is caused by the leakage of these fluids. As a result, end-users who want to keep their environment clean and healthy prefer cleaner alternatives to hydraulic cylinders. Pneumatic cylinders, which employ the pressure of compressed gas to generate a force in a reciprocating linear motion, are one such option.

Pneumatic cylinders are employed in agricultural and material handling operations that necessitate humans being near to the cylinders. The accessibility of cleaner replacements poses a threat to the hydraulic cylinder market’s growth.

Key Takeaways

  • By 2025, the mobile application of hydraulic cylinders is expected to grow by more than 4%. Product demand is expected to be driven by increased expenditure in the chemical industry to meet the demand for linear motion.
  • As per the globalhydraulic cylindermarket study, by 2025, the tie rod hydraulic cylinder industry is projected to have grown by more than 4%. Increasing the use of agricultural equipment for farming in order to increase production capacity in order to keep up with the rising population rate may boost industrial dynamics.
  • By 2025, the single-acting hydraulic cylinder industry is anticipated to have grown by more than 4%. The installation of these items will be driven by the growing need for material handling equipment in the food and beverage industry to produce linear motion for conveyor belts and assembly lines.
  • China and the United States are two markets with strong CAGRs. By 2031, North America and East Asia are expected to have a combined market share of roughly 35%.
  • Over the projection period, demand forhydraulic cylinders in India is expected to grow at a nearly 7% CAGR. The market is reinforced by ongoing and planned industrial and infrastructure developments around the country, which are mostly financed by the government.

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Competitive Landscape

Aggressive Inc., Eaton Corporation PLC, Texas Inc, Bosch Rexroth AG, Enerpac Corp., Best Metal Products, Prince Manufacturing Corporation, Caterpillar Inc., Hyco International, Inc, Hydrosila, Pacoma GmbH, Parker-Hannifin Corporation, Weber-Hydraulik Group, Norrhydro Oy, Wipro Infrastructure Engineering, and others are among the leading players in the hydraulic cylinder market.

Hydraulic cylinder producers use a variety of techniques to gain a competitive advantage, including continuous product development and regional growth. Furthermore, the expanding use of these products in energy-intensive industries will provide more advantageous economic prospects for industry participants and a rise in hydraulic cylinder market adoption.

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Future Analysis of the Facility Management Services Market: Regional Demand, Opportunities, and Challenges 2032

The facility management services market is anticipated to grow from US$ 42.2 billion in 2021 to US$ 76.3 billion in 2026, with a CAGR of 12.6% during the forecast period.

The demand for cloud-based facility management solutions and a rise in the demand for facility management systems integrated with intelligent software are two factors that are likely to accelerate the adoption of facility management services.

Key Contributors to the Facility Management Services Market

A safe and secure way to host facilities management software is through cloud-based solutions. By improving security and communication among teams and subsidiaries dispersed across numerous locations, they help businesses lower operational costs.

The benefits of cloud-based facilities management solutions include safe hosting of sensitive data, improved security and scalability, and quick disaster recovery. Businesses can quickly access critical server data because the backups are kept on a public or private cloud hosting platform. Data can be accessed from any location that has a dependable internet connection thanks to secure logins.

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Customer satisfaction is increased and repair and maintenance costs are decreased thanks to cloud-based facilities management systems. As a result, there has been a rise in the adoption of cloud-based solutions for integrating facility management services, which is anticipated to fuel market growth.

Factors Limiting the Growth of the Facility Management Services Market

Facilities management offers benefits that organisations aren’t fully aware of. The problem is a result of inadequate adoption of necessary technology and knowledge. Many businesses are still using cloud computing technologies, but they have not yet developed an IoT ecosystem.

Additionally, their transition from conventional to contemporary workplace designs is still in its infancy. Businesses are unaware of the new options available even though facilities management is a crucial part of operations.

Because of this, it has been challenging for businesses to give their facilities management department equal weight without endangering their core operations.

Lack of consistency is another problem that arises, especially in operations with many buildings. To ensure access and security when issues arise, quick action is crucial.

Competitive Landscape of the Facility Management Services Market

The market for facility management services is highly competitive. One of the main tactics used by players is to invest in new technology for the creation of software. In addition, players use mergers and acquisitions as part of their inorganic growth strategy.

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Recent Developments in Facility Management Services Market
  • Oracle teamed with Propre Japan Inc. in May 2020. Oracle Japan will assist Propre Japan Inc. in developing Propre’s real estate big data platform, which will be available in 17 countries across the world. Oracle’s client base would grow as a result of this agreement.
  • Koch Industries, Inc. announced in April 2020 that it has finalised the purchase of the remaining share of Infor from Golden Gate Capital. Koch was a prominent client, integrating Infor solutions throughout its companies in areas including enterprise resource planning, human resources, supply chain, asset management, and finance, in addition to being an Infor investment since 2017.
  • Trimble was bought by MRI Software in April 2021. Manhattan Real Estate and Workplace Solutions were acquired by MRI Software from Trimble.
  • Fortive purchased ServiceChannel in July 2021. ServiceChannel is a prominent provider of multi-site software as a service (SaaS). Along with Accruent and Gordian, it increased Fortive’s portfolio of Facility and Asset Lifecycle workflow solutions.

Key Segments

By Type:
  • Outsourced
  • In-house
By Service:
  • Hard Service
    • Electrical
    • Civil
    • Mechanical
    • Specialized Hard Services
    • Others Hard Services
  • Soft Service
    • Cleaning
    • Laundry
    • Landscaping
    • Security
    • Others Soft Services
  • Management Service
    • Contract Management
    • Energy & Utilities
    • Maintenance Planning & Control
    • Others Management Service
By Application:
  • Government & Public Sector
  • Industrial
  • Commercial
  • Education
  • Transportation
  • Healthcare
  • Others
By Region:
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

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.

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Power Device Analyzer Market Is Projected To Reach US$ 580 Mn By 2026, With An CAGR Of 5.0%

The market for power device analyzers was worth US$ 450 Mn in 2021 and is anticipated to grow at a 5.0% CAGR to reach US$ 580 Mn by 2026. To cut down on energy waste and boost productivity, there is an increasing demand for more efficient technologies. In order to reduce reliance on fossil fuels and provide more sustainable energy, there is also a shift toward electric and hybrid vehicles.

In addition, IoT is being embraced by all industries to automate processes and take data-driven decisions. As a result, the market for power device analyzers is expanding and has a lot of unrealized potential.

The primary factor accelerating the power device analyzers market growth is the increasing adoption of high-performance and power-efficient devices for the consumer and healthcare sectors and investments in electric vehicles due to environmental concerns.

Globally, there is a constant demand for energy savings across various industries. In addition, various government and international organizations work to raise awareness and promote energy conservation.

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Renewable energy is gaining traction around the world. As a result, various government policies and schemes are in place around the world to encourage the use of renewable energy resources, thereby shaping the power device analyzer market future.

To fulfil the Paris Agreement and reduce carbon emissions, the future energy mix will rely more on renewable energy, which puts a number of solar and wind energy projects underway or planned for the future in various countries as the adoption of power device analyzers is highly preferred for testing solar cells and as a total carbon analyser, etc.

Furthermore, the renewable sector is experiencing rapid growth, with investments coming from private players and the government.

Major power device analyzer manufacturers are confronted with various challenges and unorganized market players who sell sub-standard products.

These unorganized market players outperform the big players in terms of price, competitiveness, and the local supply network they maintain, which is difficult for global players to achieve. Furthermore, local dealers push these locally produced devices into the market because of higher margins.

This apart, due to the sheer lack of stringent government regulations on energy waste, many small and medium-sized industries, particularly in developing economies such as Southeast Asia, choose locally manufactured power device analyzers due to the lower prices involved. As a result, increased sales of power device analyzers from local and grey market players limit global players’ opportunities to gain power device analyzers’ market share.

On account of the aforementioned factors, the power device analyzer market is predicted to muster a revenue of about US$ 58 Mn by 2026.

Key Takeaways

  • Due to government initiatives to implement energy audits with increased mandatory regulations a growing market for the Internet of Things (IoT), both the A.C. and D.C. type segments are expected to account for a larger power device analyzer market share by type.
  • By current, the below 1000A is likely to lead the market as the vast majority of projects are undertaken in this sector, including automotive, energy, aerospace and defence, and healthcare equipment manufacturing.
  • By end-use, the automotive segment is anticipated to dominate the market as the rise of electric and self-driving vehicles has increased the demand for power device analyzers to ensure automotive systems’ quality, safety, and dependability.
  • The North American market is expected to be the fastest-growing. The rising number of 4G connections that would necessitate wireless test equipment is the primary growth driver for the market in this region.
  • In Asia-Pacific, China and the automotive segment is likely to be at the forefront of the power device analyzer market.
  • The power device analyzer market size was around US$ 450 Mn in 2021.

Competitive Landscape

The market’s top players in the power device analyzer market include Fortive (U.S.), Keysight Technologies (U.S.), Iwatsu (Japan), Yokogawa (Japan), and Hioki E.E. Corporation (Japan), Rohde & Schwarz (Germany) and Newtons4th (U.K.).

A few of the recent developments in the power device analyzer market are as follows:

  • Iwatsu will release the Curve Tracer CS-800. This series has a testing capacity of up to 5kV and 2000A and is considered one of the significant emerging trends in the power device analyzer market.
  • The PA920 Series Power Analyzer from Vitrel features an ultra-high accuracy, wideband waveform digitizer with advanced computational capability, a large high-resolution display, and a full-colour touchscreen user interface for power measurement accuracy (0.024 per cent, 20Hz).

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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:

Future Market Insights, Inc

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