Market For Zero Liquid Discharge Systems In Africa Will Grow At A Healthy 5.4% CAGR

As per a recent market analysis by ESOMAR-certified consulting firm Future Market Insights (FMI), the Africa Zero Liquid Discharge System Market is projected to be valued at US$ 27.7 Mn in 2021, expanding at a CAGR of 5.4% over the forecast period of 2021-2031.

The COVID-19 outbreak in 2020 reduced CAPEX investments and process equipment installations in a variety of end-use industries. However, with gradually increasing production rates and dwindling water intake resources, FMI predicts that sales of zero liquid discharge systems in Africa will increase.

Furthermore, stringent effluent management and discharge guidelines issued by regional authorities are propelling the adoption of zero liquid discharge systems in Africa, enabling lucrative growth prospects in the market in the coming years.

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Owing to rising demand for zero liquid discharge systems, market players are offering aftersales services, complete installation, pre-packed systems, and robust aftersales services to gain a competitive edge in the market. This factor is driving developments and technological advancements in ZLD systems, which in turn is fostering sales of the same.

Increasing scope of zero effluent discharge and provision of reuse in process stages is driving sales of hybrid zero liquid systems over conventional effluent management systems. Hybrid zero liquid discharge systems offer high efficiency and reduce energy consumption, while offering long term economic benefits.

Besides this, expansion of chemicals, petrochemicals, mining & metallurgy, and textile industries will continue spurring demand for zero liquid discharge systems in the forthcoming years.

“New system installations and overhauling of traditional effluent treatment plants will positively shape the demand outlook for zero liquid discharge systems over the forecast period. Along with this, increasing investments in the energy, mining and pharmaceutical industries will create lucrative prospects for market players in forthcoming years,” says the FMI analyst.

Key Points Covered in Africa Zero Liquid Discharge System Market

  • Market estimates and forecast 2015-2031
  • Key drivers and restraints impacting market growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Africa Zero Liquid Discharge System Market and How to Navigate
  • Recommendation on Key Winning Strategies

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Competitive Landscape

Companies operating in Africa zero liquid discharge system market are focusing on acquisitions, mergers, and collaborations to extend their services, improve their product portfolios and to expand footprint across the water treatment market. Along with this, ZLD system providers are offering custom designed solutions to end-users gain a competitive edge in the market. For instance:

  • In August 2021, IDE Water Technologies signed a contract with ENEL Generaciòn Chile S.A. to demonstrate the company’s new solution known as MAXH2O Desalter. The scope of the project includes installation, fabrication and operation of the advanced treatment unit using MAXH2O Desalter technology.

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China, Germany, The U.K., The U.S., And Japan Are The Leading Manufacturers Of Industrial Hoses

The China Industrial Hoses Market is anticipated to grow 5.7% year over year in 2021, defying early predictions about how the market would fare in the event of a global pandemic. By 2031, China’s total industrial hose demand is anticipated to reach 548 Mn Meters.

The China industrial hoses market will reach a value of US$ 1.9 Bn in 2031, growing at a CAGR of 7.3%, predicts Future Market Insights (FMI). Industrial hoses for ultra-high pressure will experience positive growth with a CAGR of 7.5% during the assessment period.

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Commercial Potential of Industrial Hoses in China

The industrial hoses’ energy application market has expanded recently as a result of these products’ ability to transport media smoothly while maintaining pressure standards in manufacturing facilities.

Power production is becoming more significant as countries strive for sustainable development using renewable resources. In order to ensure minimal leakages and lower operating costs, industrial hoses are becoming increasingly popular among industry leaders in power generation plants.

Cryogenic transfer hoses were created as a result of the need for new technologies and methods for moving natural resources from the ocean. LNG, butadiene, butane, and propane mixtures are just a few of the low-temperature fluids that can be transferred using composite cryogenic hoses.

Transferring liquid gases, such as medical oxygen, between containers using cryogenic transfer hoses has become more crucial in areas that are still experiencing pandemic effects.

A greater need for improved hose and processing operation safety has arisen as a result of the rise in accidents. To increase operational safety, regulatory bodies have created regulations.

China Driving Sales for Industrial Hoses Market

In terms of output, China is the largest manufacturer in the world. Foreign companies and investors have increased their manufacturing capacity in China as a result of its commitment to opening up the economy and low tariff access to several western markets.

The ongoing foreign direct investments in the industrial and infrastructure sectors totaled US$ 163 billion in 2020–21. China’s industrial sector is anticipated to offer growth opportunities in terms of manufacturing output, which is anticipated to lead to high demand. Due to the healthy demand from its domestic market, which accounts for more than 55% of the country’s sales and consumption, China accounts for close to 10% of the global industrial hoses market.

Key States Positioned in the Regional Market of Industrial Hoses in China

The major Chinese provinces of Guangdong, Jiangsu, Shangdong, Shanghai, and Zheijang are thought to account for more than 40% of the market’s consumption. Leading businesses for hose production and end use industries are based in the key states. According to estimates, the industrial sector contributes 40% on average of each province’s GDP.

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Competitive Landscape

Companies operating in the China industrial hoses market are aiming for the launch of new products, gaining new supply contracts, and establishing strategic partnerships to expand their product manufacturing capacity, addressing the demand of an expanding user pool.

  • For instance, in 2020, Eaton Corporation launched 3 new products to its portfolio of oil and gas well control products, the 3″ ID x 10,000 PSI Black Gold® 10k Choke and Kill Hose. The design met criterion such as sustained exposure to fire, and usability in choke and kill applications.
  • Tubes International’s machine shop got a test bench for testing high-pressure hose assemblies in a full range of diameters up to 6000 bar. This new investment enables precise parameterization of every testing stage according to the latest ISO 1402 standard.

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High-Pressure Processing Equipment Market – The global high-pressure processing equipment market size is anticipated to surpass the value of USD 430 Mn, while recording a CAGR of 12.3% in terms of volume from 2016 and 2026, and at a value CAGR of 13.7% during the same time period.

Heat Recovery Steam Generator Market –  Global heat recovery steam generator market to reach US$ 1.1 Bn in 2021. Demand for energy-efficient solutions for power generation, coupled with increasing investments in power plant efficiency enhancements are identified as chief growth drivers.

Agricultural Equipment Market – With the increasing growth of farm mechanization, coupled with the increase in investments by OEMs for Agricultural Equipment, the overall demand for agricultural equipment market is projected to grow at a CAGR of 4.8% between 2022 and 2032, totalling around US$ 108.86 Billion by 2032.

Industrial Air Compressor Market – The global industrial air compressor market is expected to be valued at US$ 33.3Billion in 2022. With the increasing use in end-use industries, the demand for industrial air compressors is projected to grow at a CAGR of 3.8% between 2022 and 2032, totalling around US$46.6 Billion by 2032.

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By 2031, The Reverse Osmosis Pump Market Is Anticipated To Expand At A CAGR Of 8.9%, According To FMI

According to FMI, the reverse osmosis pump market is estimated to exceed US$ 6.1 billion in 2021, owing to increased applications in the oil and gas and water treatment industries. The demand for reverse osmosis pumps is expected to expand at an 8.9 percent CAGR between 2021 and 2031.

Between 2020 and 2021, the market grew by an amazing 8.7 percent year on year. It is expected to be worth more than US$ 14.3 billion by 2031. According to reverse osmosis pump market estimates, centrifugal pump sales will remain strong, accounting for more than 71% of revenue earned through 2031.

Historically, the reverse osmosis pump market registered growth at a CAGR of 3.2% between 2016 and 2020. With increasing adoption for reverse osmosis filtration pumps in industrial units and water treatment plants for separating contaminants such as arsenic, bacteria, fluorides, and pesticides, the market is likely to exhibit rapid growth.

The coronavirus pandemic has positively impacted the sales in the residential sector. Reverse osmosis systems address concerns pertaining to water quality by eliminating microbes such as cysts, viruses, protozoans, and others present in the water.

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Key Takeaways from Reverse Osmosis Pump Market Analysis

  • In North America, the U.S. is estimated to remain the dominant market, exhibiting growth at a CAGR of 7% over the forecast period.
  • The market in India is expected to expand at a CAGR of more than 15% through 2031, accounting for over 40% of the sales in South Asia and Pacific region.
  • Owing to increasing investment in seawater reverse osmosis (SWRO) desalination, the GCC countries are likely to account for a market share of above 49% in MEA.
  • China, being the largest exporter of machinery required for filtration of water, the market in the country is anticipated to surge at a CAGR of 7.6% through 2031.
  • Based on the technology type, centrifugal pumps are dominating the segment, accounting for more than 69% of the value share by 2021.

Reverse Osmosis Pump Market Key Drivers

  • Shortage of clean water supplies is a key factor fueling the demand for reverse osmosis pumps.
  • Increasing use of reverse osmosis pump in oil & gas industry application is driving the market.
  • Rising investment in wastewater treatment plants is expected to spur the sales of reverse osmosis pumps.

Reverse Osmosis Pump Market Competitive Landscape

Companies operating in the reverse osmosis pump market are aiming at optimizing product by creating strategic partnerships with other market players to expand their market revenue share. For instance,

  • In October 2019, Flowserve, an America suppliers of industrial and environmental machinery signed an agreement to provide the main pumps for two large sea water reverse osmosis (SWRO) desalination plants, Rabigh-3 and Taweelah in Saudi Arabia and UAE respectively.
  • In June 2021, Advanced Watertek, a Dubai based water treatment supplier, announced entering into an agreement to upgrade the existing sea water RO systems to deliver an agreed capacity of 100,000 US Gallons per day in the UAE.

Some of the leading players operating in the reverse osmosis pump market profiled by FMI are:

  • Ebara Corporation
  • Kubota Corporation
  • Xylem Inc.
  • Sulzer AG
  • Flowserve Corporation
  • Grundfos
  • Danfoss
  • Wier Group
  • KSB Group

Reverse Osmosis Pump Market by Category

By Technology Type:
  • Centrifugal Pump
    • Single Stage
    • Multi Stage
  • Diaphragm Pumps
By Pump Type:
  • Booster Pump
  • Delivery/Demand Pumps
By Flow Rate:
  • 0.1 to 0.5 GPM
  • 0.5 to 1 GPM
  • 1.1 to 5 GPM
  • 5 to 20 GPM
  • 20 to 100 GPM
  • 100 to 500 GPM
  • 500 to 1000 GPM
By Application Type:
  • Domestic & Commercial
    • Filtration Units
    • CounterTop Filter Cum Demineralizer
  • Industrial RO Filtration Unit
    • Manufacturing
    • Oil and Gas
    • Power Generation
  • Seawater Desalination Unit
By Sales Channel:
  • Online
  • Offline

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Industrial Vacuum Evaporation Systems Will Generate A Total Of $4.16 Billion In Revenue By 2030: FMI

As industries look to leverage effective water treatment solutions, investments in industrial vacuum evaporation systems are expanding, with prominent end-users preferring thermal evaporators over other types. Consumption of industrial vacuum evaporation systems is anticipated to rise between 2022 and 2030 at a CAGR of 6.1 percent. The market for industrial vacuum evaporation systems is currently valued at US$ 2.43 billion, and by the end of 2030, it is predicted to generate US$ 4.16 billion in revenue.

In line with the take a look at, the marketplace is probably to develop at 6.7% CAGR through 2030, with growing consciousness on wastewater control inducing momentum. ESOMAR-certified marketplace studies firm, destiny Market Insights (FMI) has lately posted a document on the worldwide industrial vacuum evaporation systems marketplace, explicating the vital dynamics answerable for shaping boom throughout the 2022-2030 evaluation length.

Over time, wastewater treatment and control have acquired priority, thanks to growing problems of untreated effluent discharge across freshwater bodies. With extra than eighty% of wastewater being discharged without treatment, governments have tightened policies to make sure compliance with chemical vegetation.

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Key Takeaways

  • The global industrial vacuum evaporation systems market was valued at US$ 2.3 Bn in 2019
  • By system type, multiple effect thermal evaporators likely to account for nearly 90% share
  • Demand for 1,000-2,000 liters/day capacity evaporators to exhibit credible growth until 2025
  • Wastewater treatment & recycling to remain major application areas, generating over a third of global revenue
  • Opportunities abound across the South Asia & Pacific region, expected to register an 8% value CAGR through 2030

“Implementation of stringent emission and effluent discharge control regulations across key regions is accelerating adoption of industrial vacuum evaporation systems, with specific emphasis on wastewater treatment across the chemical industry,” remarks the FMI analyst.

COVID-19 Impact Analysis

The COVID-19 pandemic has induced an unprecedented impact across the global industrial manufacturing sector, severely disrupting supply chains in the wake of declining production cycles due to government-imposed lockdowns. Consequently, GDP levels have nosedived, inducing economic troughs across all countries.

A deceleration of approximately -6% has been projected for the industrial vacuum evaporation systems market through 2020. Furthermore, the UN Conference on Trade & Development estimates the global FDI levels to shrink by 5-15% due to a contraction of the manufacturing sector. Hence, recovery prospects appear quite challenging.

However, growth prospects are expected to heighten from 2021, with countries expected to ease lockdown restrictions, prompting industries to resume operations. Manufacturers have made it their top priority to secure their supply chains from further recessionary shocks by establishing strong distribution networks to avoid supply crunches.

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Competitive Landscape

Prominent players operating in the global industrial vacuum evaporation systems market include

  • GEA Group
  • SUEZ
  • Veolia
  • PRAB
  • BÜCHI Labortechnik AG
  • GEMÜ Group
  • Heidolph Instruments GmbH & CO. KG
  • S.A.I.T.A SRL
  • WIGGENS GmbH
  • IWE SRL
  • Condorchem Envitech
  • ENCON Evaporators
  • Eco-Techno SRL
  • Sanshin Mfg. Co. Ltd.
  • EYELA

These players rely on a combination of expansion and consolidation strategies to remain afloat. Some important strategies include the incorporation of advanced technologies based on artificial intelligence and automation, strategic partnerships with other industrial giants, and collaborations with industry.

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Domestic Booster Pumps Market: Top Trends and industry overview to watch for in 2022 – 2030

The market for domestic booster pumps worldwide, which is currently valued at US$ 2.68 billion, is anticipated to grow at a CAGR of 7.1% from 2022 to 2030, reaching US$ 4.63 billion.

In 2020, domestic booster pump sales made up 28% of the market for booster pumps worldwide. Over the next few years, it is anticipated that rising urbanisation in China and India’s emerging economies will significantly increase demand for domestic water booster pump systems.

Factors Favoring Domestic Booster Pumps Market Growth

“Increasing Infrastructural Activity across the World Driving Domestic Pressure Booster Pump Sales”

Demand for domestic water supply pumps has increased as a result of global urbanisation and growing demand for better water management infrastructure. The development of residential infrastructure has significantly increased recently, and it is anticipated that this trend will continue through 2030.

Sales of residential domestic water booster pumps, domestic water booster pump systems, domestic booster sets, etc. are consequently driven by the increase in residential complexes.

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“Rising Demand for Energy-efficient Solutions”

Recent years have seen a significant increase in the focus on sustainability, which is anticipated to have a significant impact on the potential market for domestic booster pumps in the years to come. Rising consumer awareness of energy efficiency, increased research and development for environmentally friendly products, etc., are all predicted to favour the market potential for domestic booster pump equipment.

VFD (variable frequency drive) technology is being added to domestic water booster pump systems and packages to increase their efficiency and reduce their environmental impact.

“Domestic Water Booster Pumps to See High Demand in East Asia Owing to Rapid Urbanization”

This FMI market analysis of domestic booster pump systems includes metrics for North America, Latin America, Europe, East Asia, South Asia & Pacific, the Middle East & Africa, and other regions (MEA).

East Asia is expected to have strong demand for a domestic pressure booster pump sales due to the region’s quick industrialization and increasing population density. The rising residential infrastructure in countries like China is anticipated to drive residential domestic water booster pump sales. The demand for domestic booster pumps worldwide is accounted for by the East Asian market at 23.5%.

Domestic booster pump consumption, which currently makes up 22.9% of the global industry, is anticipated to be lucrative through 2030. Two key factors that influence the market in this region are the rising demand for energy-efficient pumps for domestic water supply and the presence of significant domestic booster pump manufacturers.

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Due to the growing number of residential establishments, the domestic North American booster pump market is anticipated to have a significant impact on the global landscape. Demand for domestic booster pumps in North America will account for 22.3% of the global market in 2022.

Currently, domestic booster pump demand in the MEA region represents 7.2% of the global market. Through 2030, rising urbanisation in this region is anticipated to play a significant role in driving market potential.

Key Segments of Domestic Booster Pumps Industry Survey

Domestic Booster Pumps Market by Rated Power:
  • 10 – 50 W Domestic Booster Pumps
  • 50 – 150 W Domestic Booster Pumps
  • 150 – 300 W Domestic Booster Pumps
  • Above 300 W Domestic Booster Pumps
Domestic Booster Pumps Market by Water Pressure:
  • 0.5 Bar Domestic Booster Pumps
  • 1 Bar Domestic Booster Pumps
  • Above 1 Bar Domestic Booster Pumps
Domestic Booster Pumps Market by Application:
  • Domestic Booster Pumps for Kitchens
  • Domestic Booster Pumps for Bathrooms
  • Domestic Booster Pumps for Water Heater Units
  • Domestic Booster Pumps for Gardening Sprinklers & Pipes
Domestic Booster Pumps Market by Sales Channel:
  • Online Sales of Domestic Booster Pumps
  • Offline Sales of Domestic Booster Pumps
Domestic Booster Pumps Market by Region:
  • North America Domestic Booster Pumps Market
  • Latin America Domestic Booster Pumps Market
  • Europe Domestic Booster Pumps Market
  • East Asia Domestic Booster Pumps Market
  • South Asia & Pacific Domestic Booster Pumps Market
  • Middle East & Africa (MEA) Domestic Booster Pumps Market

Competitive Landscape

Domestic booster pump vendors are investing in the research & development of new products and are launching new, innovative domestic water pressure booster pumps to increase their market presence across the world.

  • In August 2021, Grundfos, a leading name in advanced pump technology, announced the launch of a new water pressure booster pump for residential use. SCALA1 is equipped with a high-efficiency motor and is an energy-efficient solution for pressure-boosting purposes at residential establishments.

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Image Based Barcode Reader Market: New Technological Development Projecting Massive Growth till 2030

Moreover, the adoption of Industry 4.0 has influenced manufacturing firms to increasingly turn to asset tracking and monitoring technologies to efficiently track and monitor asset locations and their status. Image based barcode readers are the core devices for such activities.

With the high penetration of extremely sophisticated smartphones, QR codes and bar codes are being used as the next step for app-based retail solutions. Presently, businesses are voraciously absorbing the might of image-based barcodes as it serves as a lead magnet through aggressive marketing campaigns.

  • The image-based barcode reader market is expected to grow at a CAGR of 7% through 2030
  • Capturing ~28% of the value share, North America remained the market kingpin in 2019
  • Despite a pandemic-induced slowdown, an 80% drop in volume share in countries such as China the market is expected to rebound through 2021
  • ICT spending tantamount to US$ 689Bn in 2020 will further boost market prospects for image-based barcode readers

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These insights are according to a new study on the image-based barcode reader market by ESOMAR-certified research and consulting firm Future Market Insights. Increasing penetration of Industry 4.0 has spurred the deployment of advanced technologies such as cyber-physical systems, cloud, robotics, artificial intelligence (AI), big data, and autonomous techniques across the manufacturing industry. This is helping manufacturing firms to ensure uninterrupted operations and curb the pressure on workers.

Market Outlook for Image-Based Barcode Readers and Key Findings

  • The market for image-based barcode readers is estimated to develop at a 7% CAGR through 2030.
  • North America maintained its market dominance in 2019, accounting for 28 percent of the value share.
  • Despite a pandemic-induced slowdown and an 80% reduction in volume share in countries such as China, the market is predicted to recover by 2021.
  • ICT spending of $689 billion in 2020 will improve market possibilities for image-based barcode readers even further.

Rapid Advances in Sensor Technology to Augur Well for Market Growth

A high-powered integrated torch (HPIT) image creation system, driven by high-speed liquid lens technology and time-of-flight (ToF) distance measurement, are making a measurable impact by allowing dynamic autofocus at frames per second (FPS). The most recent image based barcode readers come with HPIT feature for use cases including, high-rate tunnel sortation and warehouse handling in situations where product dimensions and packages can differ considerably, demanding the camera to swiftly adjust to various focal ranges.

The HPIT light offers superior illumination ability for fixed-position image based barcode readers. HPIT is perfect for hard to read barcodes, presentation scanning, and use cases that confront the challenge of shifts in working distances. The solution leverages high-rate autofocus technology, distance sensors to deliver top-quality 1D and 2D code image creation, and 16 programmable LED lights.

“QR codes have been around for a long time, though they often have been perceived as a mere tech solution in pursuit of a problem. However, as is the case with swarms of things in the new normal, the COVID-19 pandemic is providing new meaning to QR codes as an elegant enabler of contact-less commerce,” say analysts at FMI.

North America Takes the Lead, East Asia Reflects Potential Growth Avenues

North America has been a test bed for tech-enabled innovations and is characterized by a well-established digital ecosystem. The developed region continues to offer opportunities for growth and profitability to image based barcode reader manufacturers over the following decade. The US spearheads the regional market, where image based barcode readers are significantly used in the retail sector for a smooth shopping experience.

Moving, the market in East Asia is experiencing tremendous growth, owing to the flourishing retail sphere and subsequent development in manufacturing projects that are accenting the need for automated warehouses and thus, triggering the demand for barcode readers. Adoption of 2D Image/ Code Scanning in warehousing activities as well as in shipping and logistics operations is benefitting enterprises in the form of smooth business operations management. Digitization of the retail market, especially in China, and India, is further opening doors of opportunities for the image based barcode reader market.

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To Know More About Image-Based Barcode Reader Market:

A new market research report published by Future Market Insights (FMI) on the global image based barcode reader market report provides extensive insights into the market demand trends and analysis of opportunities over the forecast period. The report analyzes the image based barcode reader market through seven different segments – imaging type, product type, end-use, technology, connectivity, sales channel, and region.

The image based barcode reader market report also offers an in-depth assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in the manufacturing of image based barcode readers and product adoption across several end-use industries.

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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Skin Care Devices Market is Expected to Exhibit a CAGR of 15.0% During the Forecast Period by 2031

The Skin Care Devices Market is expected to reach US$ 18.53 Bn by the end of 2021. The global market for skin care devices is expected to reach US$ 18,533.2 million in 2021 and have a CAGR of 15.0% from 2021 to 2031. The present demand for gadgets in the beauty sector has been simplified by consumers’ need for “something more” and a series of technical developments that provide exquisite functions.

According to a recent analysis by Future Market Insights, this trend is developing since technologically enabled equipment and diagnostics are being integrated so well. As a result, the market for skin care devices will rise significantly during the next ten years.

The next big thing in the beauty business is intelligent skin care technology. The surge of smart gadgets is filling retail shelves.Industry giant L’Oreal developed a motorized skin treatment device offering a range of cleansing and massaging options in response to vocal instructions from the user, subsequently providing smart audio feedback and guidance via an integrated speaker when in use. The device offers a range of functions including sensitive cleansing, deep cleansing, pore cleansing, facial massaging, eye area massaging, make-up application and even skin rejuvenation or stimulation.

Digital tools are turning as the bandwagon of beauty and personal care industry. With the advent of personalization trend, at-home diagnostic devices and personalized beauty devices are gaining momentum. In the past product purchase pattern was streamlined by consumer reviews, brand marketing and distribution pattern; however, present date purchase decisions are getting more personal and consumer-centric, enabled by personalized beauty devices.

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Skin care devices appeal to a wider audience across regional boundaries, a fact capitalised by industry leaders Proctor & Gamble Company and Clarisonic. L’Oreal is set to enter the personalized beauty device industry with the advent of PERSO, a smart device that creates custom formulas for lipstick, foundation and skin care. Le Teint Particulier formula, a patented product of Lancome Paris, L’Oreal, is customized to your precise skin tone measurements using a proprietary algorithm that analyzes and then matches your exact skin tone.

Key Takeaways from the Skin Care Devices Market Study

  • FMI has forecast skin care devices market to rise at 15% CAGR between 2021 and 2031
  • Social media influence and increasing spending on smart technologies driving sales in the U.S., which also accounts for 83% of North America market
  • The U.K. will emerge as a highly lucrative market exhibiting double-digit y-o-y growth at above 12% in 2021
  • Germany and France too will continue exhibiting increasing demand for skin care devices
  • Expansion of the beauty industry will support remarkable expansion in East Asia. China, South Korea, as well as Japan are likely to register double-digit growth

“Artificial Intelligence (AI) driven, customized, at-home beauty devices are the future of beauty industry, offering routine, high-tech customized skin care and makeup” says an FMI analyst.

Who is winning?

Key players in the skin care devices market are Koninklijke Philips N.V., Pure Daily Care, Shenzhen Mareal Technology Co., Ltd, L’Oreal S.A (ModiFace), Nu Skin Enterprises, Panasonic Corporation, Syneron Medical Ltd., home skinovations ltd., TRIA Beauty Inc, Proctor & Gamble Company, PhotoMedex Inc., Carole Cole Company Inc., Lumenis, MTG Co. Ltd., DD Karma LLC, and FOREO, among others.

Targeted and unique product offerings by market players are undertaken to gain competitive edge. They are using advanced technologies to offer smart skin care solutions to consumers.

For instance:

  • FOREO’s Espada runs blue light acne therapy firing led light energy into pores to attack acne-causing bacteria. Similar trend has been witnessed with respect to diagnostic devices.
  • Sony developed a device that can analyze the condition of the skin while being able to detect blemishes even before appearing on skin.
  • NuFace Trinity Facial Toning device employs microcurrent technology to give a lift to the cheeks, brows and jawline for up to 24 hours. The device assists in reducing the appearance of wrinkles, improve facial contours, and help brighten skin tone.

Besides this, there is immense focus on strategic tie ups. For instance:

  • Unilever Group operates within the market via French cosmetic brand ioma, a brand whose expertise lies in analysing the condition of the skin and developing appropriate treatment devices to cater to the result.

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Skin Care Devices Market by Category

Product Type

  • Cleansing Devices
  • Anti-Ageing devices
  • Skin Texture Tone Enhancement
  • Acne treatment Devices

End User

  • At-home
  • Salon & Spa

Price Range

  • Economy
  • Mid-Range
  • Premium

Sales Channel

  • Direct Sales
  • Modern Trade
  • Departmental Stores
  • Specialty Stores
  • Online Retailers
  • Mono Brand Stores
  • Other Sales Channel

Region

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

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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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Wrinkle Release Spray Market is Expected to Register a CAGR of 5.0% During the Forecast Period by 2030

The Wrinkle release spray market until 2030, the global population will increase at a CAGR of more than 5.0%. The wrinkle release spray market will increase, says Future Market Insights (FMI), despite a slow growth year in 2020. This is because customers are looking for ways to make their everyday duties easier. The FMI report provides a clear analysis of how growth will proceed by tracking the wrinkle release spray industry in more than 20 countries.

The analysis shows that the market growth for wrinkle release spray is also hampered by the slowdown brought on by the COVID-19 outbreak. Today, a variety of retail items are offered to improve the convenience of consumers’ lifestyles. Wrinkle release sprays have established their market presence in the vast variety of retail goods and have grown into a popular item.

Wrinkle release sprays have transitioned from a specialty product to a general product category in supermarkets and hypermarkets over the past five years. Due to lack of understanding, they haven’t yet been extensively offered to customers. Nevertheless, these goods are becoming more popular with businesses that offer expert fabric care services. According to FMI’s forecast, supermarkets and hypermarkets would sell approximately 20% of the wrinkle release sprays in 2021.

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Key Takeaways from the Wrinkle Release Spray Market Study

  • FMI has forecast the global wrinkle release spray market to reach US$ 1.08 Bn by 2030
  • Exhibiting consistently high demand, the U.S. will emerge as a key market, accounting for over 88% of wrinkle release sprays market in North America
  • The U.K. will exhibit consistent demand, registering 3% Y-o-Y growth in 2021
  • Germany and France will emerge as other key markets for wrinkle release sprays in Europe
  • In East Asia, the demand from China and South Korea is expected to remain considerably high

“Fabric care product manufacturers and upcoming startups are focusing on designing attractive brand campaigns. Also, some of the leading market players are considering expansion of the online presence to broaden their reach worldwide,” says an FMI analyst.

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Who is winning?

Some of the key players operating in the wrinkle release spray market are P&G, Kao Corporation, Grove Collaborative, Faultless, Unilever, MiiSTS, Downy, Dryel, Bon Ami, Spray & Forget, The Laundress, Magic, Soak Wash, Fox Valley Traders, Quidsi, Grandma’s Secret, Ecokindness, Bayes Cleaners, Follure Clothing, and Woolite.

The players are aggressively investing in campaigns to attract the consumers. They also are focusing on product development with an aim to gain a competitive advantage. Some of them are entering into strategic collaborations to expand their footprint and portfolio.

Get Valuable Insights into Wrinkle Release Spray Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global wrinkle release spray market, presenting historical demand data (2015-2019) and forecast statistics for the period from 2020-2030. The study divulges compelling insights on the wrinkle release spray market based on the product type (scented wrinkle spray and unscented wrinkle spray), nature (natural and conventional), price range {Mass (US$0 – US$ 200), Premium (US$ 200 and Above)}, market channel (wholesalers/distributors, hypermarkets/supermarkets, multi-brand stores, exclusive stores/ franchise outlets, departmental stores, independent small stores, online retailers, others) across seven major regions.

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Global Dishwashing Additives Market by Category

By Product Type:

  • Branded
  • Private Label

By Application:

  • Commercial
  • Residential

By Form Type:

  • Liquid
  • Powder
  • Others

By Sales Channel:

  • Hypermarkets/ Supermarkets
  • Independent Grocery Stores
  • Specialty Stores
  • Wholesalers/Distributors
  • Online Retailers
  • Other Sales Channel

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

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About FMI:

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.

Contact:

Unit No: 1602-006
Jumeirah Bay 2
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Industrial Noise Control Market Is Projected To Register 4.6% CAGR by 2028 End | FMI

At the end of 2021, the market for industrial noise control was estimated to be worth $5,529.1 Mn USD. By 2028, the market is anticipated to grow at a 4.6% CAGR and reach a peak value of US $7,550.0 Mn. With an ever increasing demand for noise control solutions, manufacturers are focusing on using new materials for industrial noise control solutions.

The business for industrial noise control market is forecasted to expand due to growing demand for cost effective and high quality products for industrial noise reduction.

Key factors influencing the growth of industrial noise control market include,

  • Growing awareness of harmful levels of industrial noise
  • Increasing emphasis on the protection of workers and employees from noise pollution
  • Stringent environment regulation related to industrial noise control
  • Incorporation of integrated noise control technologies in advanced industrial machinery

The industrial noise control industry is witnessing a shift toward biodegradable materials over traditional materials. Manufacturers are incorporating green and sustainable materials in design and development of industrial noise control units to align with the ongoing sustainability trend.

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Polymer & Composites Remain Preferred Materials, Accounted for Over 4 in 10 Sales in 2021

The FMI study finds that polymer and composites are highly preferred materials for the manufacturing of industrial noise control units. Over 4 in 10 industrial noise control units sold in 2018 were made of polymer & composites.

Polymers and composite materials have higher soundproofing properties as compared to other materials such as glass, metal and fabric. In addition, new developments in composite materials provide biodegradability and recyclability, leading to higher sales.

Vibration Isolation Units Highly Sought-After

The FMI study finds that over 8 in 10 industrial noise control units sold in 2021 were equipped with vibration isolation unit. As vibrations can significantly impact the overall productivity and durability of a range of industrial machines, industrial noise control with vibration isolation units are highly sought after.

FMI thoroughly analyzed demand trends of different vibration isolation units such as isolation/machinery pads, isolation mounts, equipment bases and spring isolators. Among these, sales of isolation mounts were higher in 2021 and the demand trend will continue in the future as manufacturers consistently introduce advanced and more efficient vibration isolation mounts.

The industrial noise control market is also studied for flexible and rigid industrial noise control instruments by FMI. While both these noise control units significantly address noise pollution issues, FMI study finds that flexible noise control units accounted for the second highest sales in 2018 and demand for rigid noise barriers is expected to grow at 4% in 2022.

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Industrial Noise Control Utilization in Internal Application Prominent, Accounted for 7 in 10 Sales in 2021

The FMI study estimates that demand for industrial noise control units for internal noise control application remained higher as compared to the application in external noise control. 7 in 10 industrial noise control units sold in 2021 were for internal application and the demand will continue to grow in the future.

Elevated sound levels at workplaces and other commercial or residential places can cause negative human health conditions such as hearing impairment, annoyance, sleep disturbance, hypertension and in some cases ischemic heart disease. Dissemination of knowledge regarding these harmful effects is contributing to increasing sales of industrial noise control units in the internal noise control application.

Growing awareness of environmental noise as a potential health concern, industrial measures are taken to address the impact of external noise sources. FMI shows that adoption of industrial noise control for external noise control application will grow at 3.9% y-o-y in 2022.

Demand for Industrial Noise Control Units Consolidates in Manufacturing Sector

According to the FMI study, the manufacturing sector remains a prominent end user of industrial noise control units. Different manufacturing industry verticals such as electrical & electronics, industrial machinery, automotive, metal and others significantly integrate industrial noise control measures.

Over 7 in 10 industrial noise control units were sold in the manufacturing sector in 2018, wherein industrial machinery vertical account for the highest sales. As keeping the noise within the OSHA levels in the different manufacturing sector is pivotal in ensuring health and wellness of employees.

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Demand in East Asia Continues to Surge, Europe Represents Second Largest Market

As per FMI valuation, countries in East Asia including China, Japan and South Korea registered significant demand for industrial noise control units in 2021. In terms of sales volume, Europe followed East Asia and collectively, these regions accounted for over 6 in 10 unit sales.

China in East Asia remains leading consumer of industrial noise control. A prominent manufacturing sector in the country contributes to the significant demand for industrial noise control. In Europe, Germany followed by France and the UK accounted for considerable bulk of regional demand in 2021.

While the growth prospects seem steady for the industrial noise control market, development of advanced industrial machineries integrated with noise cancelling technologies and sound or vibration absorbers can impede the market growth in the future.

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Output Management Software Market is Supposed to Develop at a CAGR of 3.5% by the end of 2032

The output management software market, which is esteemed at US$ 10699.9 million as on 2022, is expected to be esteemed at US$ 15045.9 million of every 2032 and is supposed to develop at a CAGR of 3.5% during the gauge time frame.

The challenges such as time delays, printing cost, inefficiency in management, document creation, delivery, storage, usage & disposal etc. faced by conventional output management techniques are eliminated with the introduction of output management software.

Output management software efficiently eliminates the financial burden caused due to inefficient and unmanaged output processes, by the conventional output management techniques.

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Output management software eliminates unnecessary need of printing by capturing business information in an electrical form or rather in a hardcopy. In addition to helping the IT team take fast decisions, output management software enhances the end-user efficiency.

Output management software enables an efficient production, management and distribution of business output information to any other physical output media. Because of technological advancements, output management software can be accessed over any operating system. Output management software offers services such as mobile printing, pull printing and auditing printing.

Output Management Software Market: Drivers and Restraints

The primary driver of output management software is an increased demand for minimizing operational costs of IT departments as output management easily manages the output by integrating workflow management systems and accelerates IT administrative tasks. The increasing adoption of output management software in healthcare also acts as a driver for output management software market.

In addition to this, the advantages of output management software over conventional output and documentation techniques also acts as a factor driving the growth of output management software. Output management software governs green environment as it minimizes paper consumption. This factor, furthermore, drives the demand of output management software.

The major factor restraining the growth of output management software is its challenge against software compatibility. The software does not function under every circumstance and suffers a compatibility challenge, which impedes its growth.

Global Output Management Software Market Technology Trends

Outsourcing of services to Asian countries is the recent major trend in the global output management software market. By outsourcing, the companies are now focusing on product development and other core activities.

Global Output Management Software Market Regional Overview

North America is the most dominant region in the global output management software market as North America has witnessed a considerable growth in its BFSI sector, especially in U.S. In addition to this, increased adoption of output management software in healthcare industry in U.S. also contribute in the region’s market share. Europe is expected to follow North America in the global output management software market.

Global Output Management Software Competitive Landscape

Some of the major Output Management Software global players include HP Development Company, L.P., KYOCERA, Lexmark International, Inc., Levi, Ray & Shoup, Inc., CA, Ricoh, Neopost, DocuMatrix, Plus Technologies LLC and Rochester Software Associates, Inc.

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.

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Key Segments Profiled in the Output Management Software Market Survey

By Deployment Type:

  • Cloud Based
  • On-Premises

By Component:

  • Solutions
  • Services

By Organisation Size:

  • Small and Medium Enterprises
  • Large Enterprises

By Vertical:

  • BFSI
  • Manufacturing
  • Healthcare
  • Education
  • Others

By Region:

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

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About Us

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.

Contact:

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