Sales Of Glass Tempering Systems Are Projected To Surge At A CAGR Of Around 3.9%

The market Sales for glass tempering systems is projected to reach US$113.6 million in 2022, which was worth approximately US$109.5 million in 2021. Additionally, due to increased adoption in sectors like automotive, architecture, and electronics, the market for glass tempering systems is anticipated to grow at a rate of 3.9% CAGR between 2022 and 2032, reaching a total market value of US$ 166.5 Mn by that year.

Over 90% of the market for glass tempering systems worldwide is currently accounted for by the C.H.Q.E. tempering technology segment.

The automotive and electronics industries are dominant in the global market for glass tempering systems. During the forecast period, the market will benefit from increased consumer awareness of the advantages of tempered glass in the automotive and electronics sectors, better transportation options, rising demand for durable building materials, and a growing architectural trend of using glass in buildings and structures.

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According to this report, North America and APEJ are the key regions for glass tempering system market participants. In North America, the United States is investing in tempering activities, which is creating immense opportunities for glass tempering system manufacturers. Product development and establishment of long-term relationships with tempered glass OEMs is also key to success in this market. The global market for glass tempering systems is expected to be valued at US$ 94.5 Mn by the 2017 end and is estimated to reach US$ 135.6 Mn by 2027 end.

Global Glass Tempering System Market: Drivers

  • The shift toward renewable solar energy will accelerate the growth of the market
  • Improving construction sector, especially in Latin America is fuelling the growth of the global market
  • Construction of energy-efficient buildings and renovation of existing infrastructure is another key market driver

Global Glass Tempering System Market: Forecast by Tempering Technology

On the basis of tempering technology, the global glass tempering system market is segmented into controlled heating and quenching equipment and chemical treatment. Controlled heating and quenching equipment is further segmented into standard configuration and advanced configuration. In terms of value, the controlled heating and quenching equipment segment is anticipated to be valued at US$ 89.0 Mn by 2017 end, which is estimated to grow at a CAGR of 3.7% and reach a value of US$ 127.8 Mn by the end of 2027.

Global Glass Tempering System Market: Forecast by Application

The application segment consists of flat, bent and combined flat and bent segments. The flat segment is further segmented into continuous and oscillating segments. The oscillating type segment is expected to emerge as the most attractive segment by application over the forecast period. The combined flat and bent segment is anticipated to create an incremental $ opportunity worth US$ 4.2 Mn over the forecast period.

Global Glass Tempering System Market: Forecast by End Use

By end use the market is categorized into automotive windows, architectural, electronics, solar applications and others. The architectural segment is sub-segmented into windows and doors, mirror and partitions and furniture, while the electronics segment is sub-segmented into smartphones and appliances. The solar applications segment is estimated to reach US$ 1.6 Mn in 2027 from US$ 1.3 Mn in 2017. The segment is estimated to grow at a CAGR of 2.4% during the forecast period.

Global Glass Tempering System Market: Forecast by Region

Seven regions have been covered in this report and they are North America, Latin America, APEJ, Eastern Europe, Western Europe, Japan and MEA. China is expected to remain a strong market for glass tempering systems. Most of the APEJ, Eastern Europe, and Latin America buyers import glass tempering lines from China with standard configuration, due to investment constraints. North America is also projected to hold a significant share of the global glass tempering system market over the forecast period.

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Global Glass Tempering System Market: Key Vendors

Glaston OYJ Abp, Luoyang Landglass Technology Co. Ltd., LiSEC Austria GmbH, Luoyang North Glass Technology Co., Ltd., Glasstech Industries (India) Private Limited, Keraglass Industries Srl, CoolTemper Ltd., HHH Tempering Resources Inc., Ratnesh International, North East Machines, Meta Therm Furnace Pvt. Ltd., Mappi International, EFCO, Saint-Gobain S.A., IGE Glass Technologies, Inc., Lambert GT Services Ltd. are some of the glass tempering system market companies profiled in the report.

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United States’ ANSII Regulations Help The Scissor Lift Market Grow. According To Projections, The American Market Will Expand Rapidly

The market for scissor lifts will expand at a 3.5% CAGR through 2031. Aerial work platforms, which include scissor lifts as access equipment, are used in many different industries for efficient and safe elevated material handling.

With a shift from mature, saturated markets like North America and Western Europe to emerging economies like China, ASEAN, and other Southeast Asian and Pacific countries, the global scissor lift market is going through a significant transformation. The booming construction industry across developing nations is a major factor supporting this expansion.

Future Market Insights (FMI), market research and consulting firm with ESOMAR certification, provides insights into the major drivers of the demand for scissor lifts in its latest study. The report examines the effects of COVID-19 on the end-use industry in general and scissor lifts in particular, as well as tracks scissor lift sales globally in more than 20 high-growth markets.

AWP Adoption Influences Scissor Lift Demand

Working at heights is frequently essential for a successful construction or maintenance project. However, when there is a lack of training or the right tools, aerial access operations could go wrong. The preferred equipment for reaching great heights without worry of difficulty or accident is frequently scissor lifts. Workers are recognised as using scissor lifts as safe and dependable aerial work platforms.

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Employers must comply with guidelines established by the Occupational Safety and Health Administration (OSHA) to safeguard employees from any potential risks brought on by scissor lifts. In actuality, OSHA’s scaffolding standard already addresses a number of different types of scissor lifts. This is anticipated to be positive for the market for scissor lifts as a whole.

Concentration in Emerging Countries among Scissor Lift Manufacturers

Many manufacturers have started focusing on upcoming advanced economies, like ASEAN. Mantall introduced its products in ASEAN in 2013, including the mature scissor lift market in Singapore and the emerging markets in Thailand, Vietnam, and Cambodia.

To increase the production of scissor lifts and other AWP products for domestic use, regional businesses have partnered with major players in the established market. Beijing Jincheng Heavy Industry (JCHI), for instance, plans to manufacture AIRO lifts in China. In France, Spain, and Brazil, Airo has production facilities and sales offices. A sales network across Asia-Pacific and Europe is the plan for both businesses.

China’s scissor lift demand will continue to rise significantly.

Since many Chinese manufacturers established their own production facilities over the past two years, the level of competition in China has skyrocketed. Among them are some of the most well-known players in the nation, such as Sany Palfinger, XCMG, and LGMG. Despite the lack of regulations, China is expected to experience significant growth, and it appears that this trend will continue in the near future.

Scissor lift sales are on the rise, which has prompted manufacturers to increase their output. For instance, XCMG has 100 times more production capacity than the previous year, up to 600 units per month. The businesses are prepared to profit from the current circumstances and forge solid bonds with rental businesses. As a result, rental companies will soon have access to the scissor lift market’s most lucrative opportunities.

Future growth in China will be supported by the introduction of numerous products with different platform heights. China has more than 150 rental companies, and there will be a high demand for scissor lifts in the future.

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Robust Infrastructure to Enable Steady Growth in the U.K.

In the United Kingdom, there is a sizable rental scissor lift industry. The nation has been recognised as one of Western Europe’s economic engines, and it is anticipated that it will continue to dominate the market.

Additionally, as end users look to gain from higher machine utilisation and concentrate on their core businesses, the rental market is steadily expanding. One of the main drivers of the pace of scissor lift sales in the nation will be the strong awareness among consumers in the UK, along with government safety regulations and the expanding access industry.

Improvements like the availability of electric and hybrid lifts will hasten their use in both indoor and outdoor applications across the nation. Scissor lift development will be supported by UK regulations regarding their use. The nation is also home to well-known manufacturers and has a strong infrastructure. The nation’s scissor lift demand will increase faster in the commercial sector than in manufacturing.

Competitive Landscape

To take advantage of growth opportunities in ASEAN, China, India, and Russia, among other countries, companies in the scissor lift market are refocusing their attention on developing nations. In addition, they have been concentrating on enhancing their services to gain more traction. For instance, in 2015, Oshkosh Corporation modified its RT (rough terrain) and ES (electric scissor) scissor lift lines. The company also introduced a 53-foot rough-terrain scissor lift that same year.

With the addition of several cutting-edge features, such as crush-protection, sustainable involuntary operation prevention systems, sensitive hybrid power systems, etc., several companies that specialise in low-weight machines are focusing on innovations to improve safety. For the Chinese market, Palfinger AG, for instance, created a new control unit for self-propelled scissor lift platforms. These lifts significantly increase safety.

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Pharmacy Automation Systems Market – The global pharmacy automation systems market is expected to enjoy a valuation of US$ 4.9 Bn in 2022, and further expand at a CAGR of 8.0% between 2022 and 2032 to reach a valuation of ~US$ 10.6 Bn by 2032.

Metal Recycling Equipment Market – The global metal recycling equipment market size is estimated to total US$ 6.9 Bn in 2022. The sales of metal recycling equipment are expected to exceed US$ 11.5 Bn by the end of 2032, in comparison to the US$ 6.5 Bn registered in 2021.

Industrial V Belts Market – The global Industrial V belt market is likely to reach a valuation of US$ 1,240.8 Million in 2022. The emergence of energy efficient belts is driving the global Industrial V Belt market. These belts conserve energy by incorporating sophisticated and effective technologies.

Material Handling Equipment Market –  According to Future Market Insights, the worldwide material handling equipment market is expected to be valued at US$ 27,345.2 Million in 2022.

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Switchgear Market Insights By Type, Industry, Application & End-User | FMI

Global Switchgear sales are set to be valued at US$ 72.44 Bn in 2021 and are expected to have a stable long-term projection, according to the latest insights from Future Market Insights (FMI). ESOMAR-certified research and consulting firm. The report has forecast the global switchgear market to grow at nearly 6.9 % CAGR during 2021-2031.

The report offers an analysis of the growth trajectory exhibited by the market in 20+ high-growth countries. It offers detailed insights into factors that will be driving growth over the coming decade.

The demand for switchgear was moderate in 2020 however with it had to experience a brief period of lacklustre growth on account of the unprecedented COVID-19 outbreak. Supply chain disruptions witnessed by end-use sectors such as T&D utilities, commercial, industrial and residential had restrained growth to an extent. However, considering the possibility of a stimulus in many countries, the long-term outlook on the market remains positive.

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As T&D utility sector is estimated to witness a healthy growth rate in the forecast period. According to the report, T&D utilities are expected to account for nearly 46% of switchgear sold in 2021. Besides this, the demand is expected to surge in commercial, industrial, and residential sectors enabling growth in the market.

Key Takeaways

  • After a period of negative growth, the market will show impressive improvement, registering above 6% y-o-y growth in 2021
  • The U.S. is expected to account for over 60% of sales in North America
  • After a period of negative growth, the U.K. will exhibit above 6% y-o-y growth in 2021, emerging as a strong market for switchgear
  • Expansion of the energy and utilities sector will enable growth in Germany and France
  • Government initiatives are expected to support growth in Japan and South Korea

“Increase in demand for advancement in the switchgear and advent of the smart grid is expected to give impetus to switch gears. The use of the voltage fluctuator is very common in the heavy as well commercial sectors. It is used in the transmission and distribution of energy to consumers and for running machinery. The need of energy is increasing day by day, which has been aiding the overall expansion of the switchgear market.” says an FMI analyst.

The switchgear market is likely to grow at a moderate pace during 2021-2031. However, as it is a mature market, companies are expected to concentrate on research and development activities and capitalize on opportunities, especially in the field of T&D Utilities. Their key focus will, however, remain on meeting the requirements of consumers. Collaboration with local players and the development of new technology in the form of smart grid and advanced switchgear are key strategies adopted by the market players.

Competitive Landscape

The market is fragmented, with key players accounting for approximately one-fifth of the market share. These companies are likely to invest in new technology developments and expansion of their networks in order to maintain their market shares. Some of the key players in the market are ABB Ltd., Siemens AG, Schneider Electric, Havells India Pvt. Ltd., Hyundai Electric and Energy System, Fuji Electric, Powell Industries, etc.

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Switchgear Market By Category

By Component Type

  • Power Distributor Switch Breaker
  • Switch Disconnector
  • MCCB
  • HRC Fuse
  • Earth Switch
  • MCB

By Voltage Type

  • Low Voltage (less than 1kV)
  • Medium Voltage (1kV to 75kV)
  • High Voltage (75kV to 230kV)
  • Extra High Voltage (230kV to 500kV)
  • Ultra-High Voltage (above 500kV)

By Construction Type

  • Outdoor
  • Indoor
  • Others

By Insulation Type

  • Air Insulated Switchgear
  • Gas Insulated Switchgear
  • Oil Insulated Switchgear
  • Vacuum Insulated Switchgear

By End User

  • T&D Utilities
  • Commercial
  • Industrial
  • Residential

By Region

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

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Market Size For Dry Vacuum Pumps Is Expected To Increase From Us$3.22 Billion By 2028

The global dry vacuum pumps market Size is estimated to be valued at US$ 1,680.8 Mn by the 2018 end and reach US$ 3,070.1 Mn by the end of 2028 while expanding at a CAGR of 6.2% over the forecast period. With electronics and semiconductor products being seen as common products, the industry is adopting dry vacuum pumps for related applications, such as coating and drying. Dry vacuum pumps are predominantly used in end-use industries, such as electronics and semiconductors, and pharmaceutical and chemical industries.

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The governments of several countries across the world are encouraging private players to create sustainable, green power through solar and other forms of renewable energy and are also offering tax and other incentives to promote the generation of solar power. This has led to a sudden increase in the number of solar plants and projects globally, thereby driving the production of solar panels. This is set to fuel the demand for dry vacuum pumps, according to a recent market intelligence outlook published by Future Market Insights (FMI).

Steady and Growing Demand from the Electronics and Semiconductor Sectors to Augur Well for the Dry Vacuum Pumps Market

Growing infrastructural activities across the globe are directly favouring the demand for pumps. The electronics and semiconductor industries have witnessed rapid revenue growth over the last few years, with an increasing focus on the manufacturing of semiconductor and electronic components and equipment.

This has led to an increase in demand for dry vacuum pumps from these industries, especially in the production of microelectronics and chips. Manufacturers of semiconductor and electronic components such as Panasonic, Samsung, Meiko Electronics, Saigon Semiconductor Technology, and Taiwan Semiconductor Manufacturing Co. are setting up production plants in developing regions to benefit from cost competitiveness. Local governments across several developing countries such as Brazil, India, and ASEAN countries are focused on increasing foreign direct investments in the manufacturing sector. This is expected to boost sales of dry vacuum pumps in the coming years.

Opportunity Assessment of the Dry Vacuum Pumps Market

Future Market Insights has conducted an extensive opportunity assessment of the global dry vacuum pumps market for the 10 years 2018 to 2028. One of the key opportunity areas in the global market for dry vacuum pumps lies in the strategic investments being made globally across the pharmaceutical industry. Demand for dry vacuum pumps is steadily increasing from the pharmaceutical industry in developing countries such as Indonesia, India, Brazil, and China. Further, there is a lack of local manufacturers of dry vacuum pumps in developing economies, with the top manufacturers based in Japan, the U.S, Germany, and certain other European countries.

This scenario presents lucrative growth opportunities for global manufacturers of dry vacuum pumps to establish production facilities in developing economies. Setting up bases in developing regions will help manufacturers benefit from better economies of scale, given the low production and labour costs in developing countries.

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Low-cost Chinese Products and Lack of Skilled Labour in Developing Regions to Restrict Revenue Growth of the Global Dry Vacuum Pumps Market

The global market for dry vacuum pumps is disrupted by several players from China who offer products at very low prices. Owing to the increasing price pressure from these companies, leading global players are striving to offer high-quality dry vacuum pumps that are more reliable and efficient at highly competitive prices.

This price-sensitive nature of the global market is expected to restrain revenue growth in the coming years. The dry vacuum pumps markets in the Latin America and SEA regions suffer from a very high dependency on imports from other regional markets, owing to a lack of talented and experienced local vacuum technology professionals. This is leading to a stagnancy in revenue growth of the global dry vacuum pumps market to a certain extent.

Market Key Players

Some of the prominent players reported in this study of the global dry vacuum pumps market include EBARA CORPORATION, Pfeiffer Vacuum GmbH, Atlas Copco AB, Gardner Denver, Inc., ULVAC, Agilent Technologies, Becker, BUSCH and VACUUBRAND GMBH + CO KG, among others.

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Truck-Mounted Crane Sales Are Expected To Grow At A Strong 5.8% CAGR From 2022 To 2032, According To FMI

The global truck mounted cranes market size is expected to reach US$ 3,769.7 Mn by 2032. It is set to exhibit growth at a CAGR of 4.5% between 2022 and 2032. Stiff boom models occupy over 67% of the global truck mounted cranes market.

The International Monetary Fund predicts that in 2023, economic growth would rise by 3.6% worldwide, thereby providing significant potential for the infrastructure sector to prosper in numerous global locations. The market is expected to grow as a result of rising construction activities and improved financial conditions in various countries. The market is set to be further boosted by expansion of the mining and construction industries.

Moreover, the market is expected to be driven by global expansion of the oil & gas, utilities, commercial, automotive, and mining industries. These cranes account for nearly 4.7% of its parent market. Growth is mainly attributed to their increasing deployment in infrastructure development activities, as well as power and telecommunications industries.

Sales in the market are further expected to surge as cranes are increasingly being used in the material loading, shipbuilding, and manufacturing sectors. It is anticipated that high load bearing capacity and changing designs of these cranes would meet the needs of a variety of industries, including telecommunications work sites and complex industrial processes.

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Truck mount cranes can be hydraulic, mechanical, or electrical having load capacities ranging between 2.5 to 16 tons. Additionally, the truck mount crane has an extending boom, auxiliary devices, a hook, and supplementary support while lifting which increases its stability, landing leg, rotatory table, and rack. The increasing economical and infrastructural growth all across the globe has boosted the demands of instruments for construction this is playing a significant role in the expansion of the truck mount crane market all across the globe.

Regional Outlook:

Significant growth in the infrastructure, economy and industrialization in the MEA, North America, and European countries has boosted the sale of truck mount cranes in this region. Being safe, reliable, and productive the Truck Mounted Crane market is forecasted to grow in all the above regions. Moreover, there is the growth of urbanization in all the developed countries which includes the USA, Europe, and Japan, this is estimated to accelerate the Truck Mounted Crane market over the forecast period.

In the Asia-Pacific region, countries like China and India have increased the use of Truck Mounted Crane due to the inclination of consumers towards more productive, user-friendly, and efficient technology. The never-ending demand for constructional infrastructure by various end-use industries is also expected to drive the global Truck Mounted Crane market over the forecasted period. Based on all the above-mentioned factors, the Truck Mounted Crane market is forecasted to grow with a prominent CAGR over the forecast period.

The regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia-Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • The Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

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 an in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Key Players

Key players in the global market of Truck Mounted Crane are:

  • Shanghai Guanhai Heavy Industry Science & Technology Co., Ltd
  • Chowgule and Company Pvt. Ltd.
  • Amma Engineering Pvt. Ltd
  • Cherokee Truck Equipment, LLC.
  • Lift and Shift Equipment
  • HYVA Global B.V.
  • Jomac
  • Stellar Industries
  • Sinomach Heavy Industry Corporation
  • Manitex International.
  • Mech-Tech Industries
  • Kissan Engineering
  • Palfinger Cranes India Pvt. Ltd.
  • PM Group S.p.A.
  • Liftmoore, Inc.

By Segmentation:

The Truck Mounted Crane market can be segmented based on type of drives and end-use-

The Truck Mounted Crane market can be segmented based on drives used as:

  • Electrical
  • Mechanical
  • Hydraulic

The Truck Mounted Crane market can be segmented based on end-use as:

  • Commercial
  • Infrastructural
  • Residential

Truck mount trucks are mainly used for power distribution as well as construction purposes. With the growing expansion of the power and distribution network demand for truck-mounted cranes is also increasing in the global market. Truck mount cranes make the task easy by saving human time and energy and allowing the completion of tasks efficiently and effectively, this makes them more reliable for the customers and this is propelling the growth of the market of truck mount globally.

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, type of product, and applications.

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Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint.

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District Cooling Market – The global District Cooling System industry is poised to increase at a steady CAGR of 3%, reaching US$ 1.28 Bn by 2032 from US$ 930 Mn in 2021.

Biocomposites Market – The global bio composites market size reached over US$ 25 Bn in 2021 and is expected to grow at an incredible CAGR of 16% during the forecast period between 2022 and 2032,

Stacker Crane Market -The global stacker crane market size reached a valuation of US$ 976 Mn in 2021 and is likely to touch a valuation of US$ 1 Bn in 2022.

Industrial Automation Market – The global Industrial Automation Market is expected to have a significant CAGR of 7% during the forecast period to reach a valuation of US$ 51 Bn by 2026, up from US$ 36 Bn in 2021.

Industrial Cybersecurity Market – The industrial cybersecurity market is anticipated to record a CAGR of 7.7% during the forecast period (2022 – 2032). The global industrial cybersecurity market is forecasted to be valued at US$ 20.7 Bn in 2022 and is projected to reach US$ 43.5 Bn by 2032.

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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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According To FMI, Industrial Noise Control Market Is Expected To Expand At A Rate Of 4.6%.

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 percent CAGR and reach a peak value of US $7,550.0 Mn. Manufacturers are concentrating on using new materials for industrial noise control solutions due to the continuously growing demand for noise control solutions.

The demand for affordable, high-quality products for industrial noise reduction is expected to increase, leading to an expansion of the industrial noise control market.

Over 152 million units of industrial noise control systems were sold in 2021, totalling a market value worth US$ 4.8 billion. A new study by Future Market Insights (FMI) finds that industrial noise control market is expected to grow at 3.7% y-o-y in 2022. 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.

Global Industrial Noise Control Market by Category

By Material Type:

  • Polymer & Composite
  • Glass
  • Metal
  • Fabric

By Product Type:

  • Flexible
    • Sound Curtains
    • Acoustic Foam
    • Acoustic Blankets
    • Sound Absorbers
  • Rigid
    • Enclosures
    • Silencers
    • Ceiling Baffles
    • Test Chambers
    • Sound Proof Walls
    • Panels
    • Others
  • Vibration Isolation
    • Isolation Pads
    • Isolations Mounts
    • Machinery Pads
    • Equipment Bases
    • Others

By Application:

  • Internal Noise Control
  • External Noise Control

By End Use:

  • Manufacturing
    • Electrical & Electronics Equipment
    • Industrial Machinery
    • Automotive
    • Metal
    • Other Manufacturing
  • Construction & Mining
  • Healthcare

By Region:

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

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Dredging Market Is Likely To Expand At A CAGR Of Nearly 3.7% Over The Forecast

In 2022, the market for dredging is projected to be worth US$15.6 billion. The dredging market’s demand is predicted to grow at a CAGR of 3.7 percent, reaching a value of US$ 22.3 Bn by 2032, according to the report. For various activities like coastal protection, trade activities, and mining projects, the government segment currently holds a more than 40% share of the market for the use of dredging services.

A rise in mining and trade activity is expected to give East Asia a commanding share of the global dredging market of 29.6%.

The global dredging market is predicted to grow at a CAGR of 3.7%, reaching a valuation of more than US$ 22.3 billion by 2032. The dredging market is anticipated to benefit from rising demand for gulf coast restoration activities. Dredging service providers are adopting dredger monitoring systems and upgradation of their equipment to increase efficiency and productivity.

Rising government investments in dredging activities in emerging economies will create opportunities for growth in the market in the forthcoming years. Various developing and developed countries’ governments are investing in harbours, channels, and waterways that are dredged in a timely and cost-effective manner to meet environmental protection, restoration, and enhancement goals.

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Further, an increase in trade activity, urban development projects and coastal protection activities are driving the demand for dredging services globally. Manufacturers are introducing new and innovative service methods with maintaining the regulation for emission control.

Due to the upgradation of equipment, dredging activities are now being used for accessing high-quality mineral reserves that are economically inaccessible through conventional mining.

Companies providing dredging services for the development of ports and dockyards are extending their portfolio by including suction dredging for rivers and smaller waterways. Such developments are anticipated to bode well for the growth in the market over the forecast period.

“Technology upgradation in dredging service driven by the adoption of dredger monitoring systems and upgradation of equipment to increase efficiency and productivity will continue driving sales in the market growth over the forecast period,” says an FMI analyst. 

Key Takeaways:

  • By customer type, the government segment is projected to hold 43.6% of the total market share in 2022.
  • Based on application, the energy infrastructure segment is expected to grow Y-o-Y by 4.6% in 2022.
  • Demand in the U.S. dredging market is forecast to increase at a 2.1% CAGR, reaching a valuation of US$ 1.5 Bn by 2032.
  • India will emerge as a lucrative pocket, with sales growing at a 3.4% CAGR through 2032.
  • Total sales in the China market will hold 25% of the East Asia dredging market share in 2022.
  • By 2032, East Asia is expected to account for a dominant share of 32.9% of the global dredging market.

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Competitive Landscape 

The global dredging market is significantly consolidated among Tier I, Tier II, and Tier III players. The leading players in the market account for 50 to 55% share in the market on a value basis.

Biggest dredging companies in the world are China Communications Construction Company Limited, Royal Boskalis Westminster N.V, Dredging, Environmental and Marine Engineering NV (DEME), Van Oord, Great Lakes Dredge & Dock Corporation, Royal IHC, National Marine Dredging Company and others.

Key Segments Covered in Dredging Market Analysis

Customer Type:

  • Government
  • O&G Companies
  • Mining Companies
  • Renewables
  • Others

Application:

  • Trade Activity
  • Trade Maintenance
  • Energy Infrastructure
  • Urban Development
  • Coastal Protection
  • Leisure

Region:                        

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

About Future Market Insights (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.

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Phototherapy Lamps And Units For Aesthetic Medicine Market – Major Revenue Gain is Predicted by 2026

Phototherapy is currently arguably the most widespread therapy in newborns except few prophylactic treatments. Phototherapy or light therapy is a technique which involves exposing the skin to light sources on a regular basis. But now a days home phototherapy devices are also quite popular.

This therapeutic mechanism was discovered in England in the 1950s and is extensively used in aesthetic medicines for example hyperbilirubinemia, neonatal jaundice and various other skin disorders likepsoriasis, acne vulgaris, skin cancers and eczema. National Health Survey (NHS) report suggest that since 2000 there has been an increase in nonsurgical cosmetic procedures and light therapy equipment by 147%.

The light or radiation produced by a medical device is commonly called as a phototherapy units/lamp.[AD1] These treatments can be delivered to the skin of the whole body or it can be selectively targeted to affected areas to reduce exposure of uninvolved skin.Not only in infants thephototherapy unitsare also used in the treatment of pregnant and nursing women, and even immuno-suppressed individuals as most of the phototherapy units has none or very few of side effects.

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Global Phototherapy Lamps and Units for Aesthetic Medicine Market: Drivers and Restraints

Millions of people over the world are suffering from skin[AD2]. These disorders have a huge impact on the patients’ daily lives. However today, these skin diseases can be treated. Phototherapy is an effective and proven method of treatment. For example, in 2014-2015, there were 20 million aesthetic treatments performed across North America. Similarly, increasing demand for aesthetic treatments in other developed countries propels the market growth.

Phototherapy lamps and units foraesthetic medicine are popularly used in improving cosmetic appearance. It has diverse applications which includes minimizing signs of aging like skin laxity, liver spots and wrinkles. Photo therapy units also play a major role in the treatment of excessive fat, obesity and cellulite.

For example in 2013 -14 there were 55,000 cosmetic surgery procedures performed in UK only.[AD3] In those cosmetic surgeries, surgical aesthetic procedures shared 10% of the cosmetic procedures and non-surgical techniques accounted for the remaining 90%.

Technological innovations in the field of cosmetics; increasing demand for phototherapy treatment for aesthetic medicine among youth and elderly population are helping to stimulate the growth of  global phototherapy lamps and units for aesthetic medicine market. Other factors are increasing disposable incomes in developing countries such as India, China, and Brazil having relatively high volume of skin diseases and cancer patients are encouraging the growth of the global phototherapy lamps and units for aesthetic medicine.

However, several risks, side effects before and after treatment, complications after or during aesthetic medicine treatment, limited reimbursement coverage by insurances and companies for cosmetic as well as aesthetic medicine treatment are some of the key factors restraining the market growth.

Regional analysis includes

Based on region global phototherapy lamps and units for aesthetic medicine market is segmented into the following:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Western Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX)
  • Eastern Europe (Russia, Poland, Rest Of Eastern Europe)
  • Asia Pacific Excluding Japan (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC, S. Africa, N. Africa, Rest Of MEA)

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Global Phototherapy Lamps and Units for Aesthetic Medicine Market: Regional Overview

Region wise, global phototherapy lamps and units for aesthetic medicine marketis classified into regions namely, North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. North America accounts for the maximum share of the global phototherapy lamps and units for aesthetic medicine marketfollowed by Europe.

The reasons are technological advancements,good reimbursement policies for skin care treatment and cosmetic procedures, number of government and private organizations investigating the quality and efficiency of the products.However, the Asia-Pacific market is expected to grow at maximum rate during the forecast period.

The considerable growth of Asia Pacific region is attributable to a number of policies such as the growing public and private initiatives to increase awareness related to cosmetic and skin treatment and constant growth in healthcare expenditure.

Key Players

The major players in the Market include GE Healthcare (U.K.), Philips Healthcare (Netherlands), Drägerwerk AG & Co. KGaA (Germany), Medtronic plc (Ireland), and Masimo Corporation (U.S.), HBW Technology, Gamma Star, Hill Laboratories.

The report covers exhaustive analysis on

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

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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Global Phototherapy Lamps and Units for Aesthetic Medicine Market: Segmentation

The global phototherapy lamps and units for aesthetic medicine market is classified on the basis of treatment of the diseases, configuration, light sources, end users and region.

On the basis of treatment of the diseases global phototherapy lamps and units for aesthetic medicine market can be segmented in to:-

  • Treatment of Psoriasis
  • Treatment of Vitiligo
  • Treatment of Acne vulgaris
  • Treatment of Cancer
  • Treatment of Wound healing
  • Others

On the basis of configuration global phototherapy lamps and units for aesthetic medicine market can be segmented in to following type:-

  • Mobile Units
  • Fixed Units

On the basis source of light the global phototherapy lamps and units for aesthetic medicine market can be segmented in to:-

  • UV Light
  • LED Light
  • Infrared Light
  • Fluorescent Light
  • Halogen Light
  • Others

Based on end user, global phototherapy lamps and units for aesthetic medicine market can be segmented in to:-

  • Hospitals
  • Skin care & Cosmetic  Clinics
  • Ambulatory Centers
  • Fitness and wellness Centers
  • Research Institutes
  • Home Care Settings

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Population Health Management Platforms Market – New Technological Development Projecting Massive Growth till 2026

It is an open secret that the healthcare industry, like many others, is undergoing dramatic changes. Information Technology has brought about sweeping changes in every aspect of our lives and healthcare is no exception. The flip side of the IT boom is a fast-paced lifestyle that has led to problems like hypertension, diabetes, and stress.

These affect not only the high-risk geriatric population but are also troubling middle-aged people and youth below the age of thirty now. People have begun to take their health a lot more seriously and there is a desire to lead a fitter life. The convergence of healthcare and IT is what resulted in the population health management platforms market.

It is the collection of patient data across various IT health resources, analysis of that into a single, actionable record and then actions taken which can improve both patient health and organisation financial health. PHM improves group health by monitoring & identifying individual patients within the group. Business Intelligence tools are used to aggregate data & provide a comprehensive clinical picture of each patient.

The scope of the population health management platforms market will only grow as more hospitals shift to population healthcare payment and delivery arrangements.

Population Health Management Platforms Market Drivers

Continued pressure to reduce costs, improving overall quality and implementing value-based payment programs are a few drivers for the population health management platforms market. Government initiatives like the Patient Protection and Affordable Care Act (ACA) provide incentives for quality & safety and also better care coordination. In addition to government regulation, a dramatic increase in ailments like diabetes, hypertension, and stress is making people more conscious of their health than ever before.

These patients will demand better care than what they currently receive and they might want to access their medical data in one location. All these factors will be responsible for increasing the size of the population health management platforms market.

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Population Health Management Platforms Market Restraints

There are several challenges in the population health management platforms market. One is a disjointed workflow with the electronic health record (EHR). Barring the large EHR vendors, PHM solutions function as separate modules today, and they require an additional sign-on for a completely different UI.

This causes a broken workflow and impedes training and adoption in a healthcare organisation. The second problem is a lack of data standardisation. Data stored across different health systems is often unstandardized and vocabulary, calculations, formulae may be differing. The same data might even mean something entirely different sometimes.

The third constraint is restrictive regulations. Despite many governmental mandates to free health data, the ownership of it is still ambiguous. IT vendors, healthcare organisations, individual providers & health information exchanges (HIE’s) all claim to own this information. The fourth restraint in the population health management platforms market is the fragmented patient portals. Patients prefer a single point of access for all their healthcare records.

Healthcare providers split it across different systems and EHR’s. They may also have multiple patient portals for the same person. For e.g. – One portal for patient care, another for their primary care specialists and a third for their bill payments!

Population Health Management Platforms Market Key Regions

North America is the largest population health management platforms market followed by the E.U and Asia. It is also anticipated to grow at the fastest rate due to implementation of the Affordable Care Act, Hospital Readmissions Reduction Program (HRRP) and an ageing population.

Population Health Management Platforms Market Key Market Players 

Some of the major players in the population health management platforms market are McKesson Corporation, Cerner Corporation, Allscripts, Inc., Verisk Health Inc., WellCentive, Inc., Health Catalyst LLC, i2i Systems, Inc., Conifer Health Solutions, LLC, OptumHealth, Inc., IBM Corporation and Healthagen, LLC.

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, types and applications.

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The report covers exhaustive analysis on

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC, S. Africa, N. Africa)

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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Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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Endovascular Aneurysm Repair (EVAR) Market Analysis with Booming Trends Supporting Growth and Forecast 2027

Abnormal enlargement of aorta in the abdomen of a person is a commonly occurring aneurysm in the world. Men and women of all ages are susceptible the incidence of an abdominal aortic aneurysm. Pain arising from such aneurysm can lead to paralysis or even cause death of the patient through cardiac disorders such as arterial stenosis.

Endovascular aneurysm repair (EVAR) is a collective term for all treatments that are directed to surgically cure the aortic aneurysm located in patient’s abdomen. The demand for EVAR devices continues to gain traction across medical organisations such as hospitals and specialty centres.

Endovascular Aneurysm Repair: Opportunities & Challenges

Rising occurrences of abdominal aortic aneurysm in the world are driving the demand for EVAR devices and treatments, but the global market for endovascular aneurysm repair is also expected to be driven by the fact that these treatments require minimal stay in the hospitals.

Advantages of EVAR treatment methods, which include the patient’s quick resumption to normal daily activities and low-cost hospitalisation charges, are promoting the use of EVAR treatment for curing abdominal aortic aneurysm as opposed to other alternative treatment methods.

Nevertheless, the growth of global endovascular aneurysm repair market will be curtailed by risks arising from the procedures. Complications during EVAR procedures might lead to endoleaks, which are degenerated endographic fabrics developed from the use of EVAR-related devices.

Other risks of EVAR treatment that curb their global adoption rate include, congestive heart failures, ischemic colitis, wound infection, aneurysm ruptures, and perigraft leakages.

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Endovascular Aneurysm Repair Market: Key Companies

Manufacturing EVAR devices can be an uphill struggle for local companies, while established medical device manufacturers continue to rev up their efforts on retaining the qualitative production of such devices.

Companies manufacturing devices and facilitating healthcare solutions for a medical treatment such as endovascular aneurysm repair are profiled in this report, some of which include, B. Braun Melsungen AG, Terumo Corporation, Medtronic, Inc., Boston Scientific Corporation, Abbott Laboratories, Cordis Corporation (owned by Johnson & Johnson Co.), Volcano Corporation, Spectranetics International BV, C.R. Bard, and St. Jude Medical Inc., among others.

This market research report offers a comprehensive analysis of the global endovascular aneurysm repair market through in-depth information on industry-validated historical market data, statistics, facts, and insights. A suitable set of methodologies and assumptions in report support the market projections. The report analyses the market by segmenting it on the basis of type, application, component, end-user vertical, and region.

The report covers exhaustive analysis on

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

This report is a compilation of first-hand information, and qualitative and quantitative assessment by industry analysts, inputs from industry experts, and other 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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Segmental Analysis of Global Endovascular Aneurysm Repair Market

By Techniques, the market is segmented into:

  • Fenestrated EVAR
  • Adjunctive EVARs
  • Branched EVAR
  • Percutaneous EVAR
  • Hybrid Procedures

By Demographics, the market is bifurcated into:

  • Gender (Men and Women)
  • Age (Paediatric, Adult and Geriatric)

Regional Segmentation of Global Endovascular Aneurysm Repair Market

  • North America (U.S., Canada)
  • Latin America (Brazil and Mexico)
  • Asia-Pacific (China, South Korea, Japan, Taiwan, and rest of APAC)
  • Europe (U.K., France, Germany, and rest of Europe)
  • Middle East & Africa (GCC members, Levant countries, and rest of MEA)

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About Future Market Insights, Inc.

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Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the market intelligence engine from Future Market Insights. Sign Up for a 7 day free trial!

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