Stacker Crane Market review 2022-2032 Research Covers,by Future Market Insights, Inc.

The size of the global stacker crane market review was valued at US$ 976 million in 2021 and is anticipated to reach US$ 1 billion in 2022.

In addition, because of the rapid growth of end-use industries and the rising popularity of automated stacker cranes, it is anticipated that global sales of stacker cranes will increase at a strong CAGR of 7.0% during the forecast period, reaching approximately US$ 2.02 Bn by 2032.

The supply chain has undergone a great deal of change in recent decades. Initially, manual labor—which was frequently time-consuming—was used to complete the majority of the work at warehouses and storage facilities.

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However, as technology advanced and automation became more prevalent, machines started to take the place of workers.

These benefits are expected to propel the stacker crane market size further in the coming years. Furthermore, technological improvements and innovations in stackers provide profitable growth prospects for market participants. However, the rising trend of forklift use is expected to stifle market growth.

The expense of installing a stacker crane design is expensive at first. Setting up this system needs precision, which necessitates the use of expert staff. In addition, maintaining and updating numerous subsystems is often prohibitively expensive for businesses.

Small and medium-sized businesses find it challenging to make such large investments. Stacker crane systems, storage units, and racks are all included in the initial price of an automated storage and retrieval system.

ASRS reduces the need for human interaction in basic tasks such as exact storage of an item at a preset place, retrieval of an item, and transporting commodities to certain processing or interface locations using a stacker crane system.

As a result, ASRS deployment lowers labor costs and increases space utilization. The use of ASRS systems and the adoption of stacker cranes are projected to be driven by rising warehouse rents and decreasing warehouse availability.

Stackers provide better accessibility in closed and compact places, maybe readily moved from one position to another, are less expensive to operate, and are simple to maintain.

Furthermore, in recent years, the requirement for safe and effective material handling equipment in numerous cross-industry verticals has increased the sales of stacker cranes.

Installing a stacker crane warehouse and system has a hefty upfront cost. This technology demands precise setup, which necessitates the use of experienced staff.

In addition, the expense of maintaining and updating numerous subsystems is frequently significant for businesses.

For small and medium-sized businesses, making such large investments is tough. As per the stacker crane market trends, storage units and racks are among the high-cost initial components of an automated storage and retrieval system.

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Key Takeaways:

  • Owing of rising usage in China and India, the Asia Pacific is expected to occupy the greatest share of the stacker crane market opportunities by 2027.
  • The single-column segment will have the biggest stacker crane market share during the projected period. Due to its application in the fast-moving goods industry, the single-column category is likely to have a large market share over the forecast period.
  • New product developments and expansions will provide profitable prospects for market players in the next five years.
  • Emerging Trends in the stacker crane market predict rising demand for automated storage and retrieval solutions.
  • The fastest-growing segment is projected to be automatic stacker cranes. The automatic stacker crane is a low-energy mechanism that stores and retrieves items in a single cycle.

Competitive Landscape

Swisslog AG (Switzerland), Daifuku Co. Ltd (Japan), Murata Machinery Ltd (Japan), and Kion Group AG dominate the stacker crane market (Germany).

Stacker crane market demand analysis indicates that these organizations provide turnkey crane automation services and extensive global distribution networks.

These organizations have implemented broad expansion tactics, including collaborations, partnerships, and mergers and acquisitions, to gain traction in the developing market for stacker cranes.

AFT Industries, a supplier of material handling equipment to car manufacturers, signed a strategic collaboration deal with Daifuku Industries in February 2021.

Doosan Logistics Solutions announced a strategic agreement with Chinese robotics firm Greek+ in November 2020 to sell and maintain autonomous logistics robots in South Korea.

Greek+ has a 16 percent share of the autonomous mobile robot market. The acquisition is intended to boost its product range and help it retain its position in the logistics and automation sector using stacker crane market adoption trends.

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Teleradiology Services Market Latest Advancements And Business Opportunities 2026 | FMI

The global teleradiology services market demand is estimated to reach a market valuation of US$ 1,971.4 Mn by the end of 2016 and register a CAGR of 21.0% over the forecast period (2016–2026). The growth of this market can be attributed to the favorable government initiatives regarding the adoption of teleradiology in order to provide early disease diagnosis.

Besides, the application of modern-day technologies such as the adoption of cloud-based technologies, blockchain, and cryptocurrencies will lead to better efficiency and cost-effective solutions. Increasing Investments for the development of advanced solutions is augmenting the demand for the industry.

The report presents a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better view of the competitive landscape. It also provides details about the organic and inorganic business approaches undertaken by the key companies in the Teleradiology Services market to offer a holistic overview of the business landscape to the reader. It further covers all the relevant aspects of the market to help readers capitalize on the emerging growth opportunities and gain maximum returns on the investments.

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Key Highlights From The Report

  • The Hospitals & clinics segment dominated the market with a share of 54.6% in 2019 due to the growing adoption of teleradiology services by the hospitals & Clinics. Due to the pandemic, there is a shortage of radiologists, which have led to the increasing adoption of diagnostic imaging procedures in order to maintain workflow and increase efficiency.
  • The software segment is expected to experience the highest CAGR over the forecast period due to the growing demand for healthcare software to increase data transparency and improve patient outcomes.
  • Asia Pacific is expected to register the highest CAGR over the forecast period due to the increasing initiatives of the government to modernize the healthcare infrastructure and growing investments on the R & D for the production of advanced solutions.
  • Key participants include Philips Healthcare, Teleradiology Solutions, USRAD Holdings, Inc., Everlight Radiology, MEDNAX, Inc., ONRAD, Inc., AGFA Healthcare, RAMSOFT, Inc., Telediagnostic Solutions PVT. LTD. and CARESTREAM HEALTH, Inc., among others.

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Market segmentation

By Process Type:

  • Certified Reporting Services Process
  • Preliminary Reporting

By Service Type:

  • Emergency Nighthawk
  • Day Time Coverage
  • Subspecialty Reading
    • Cardiac imaging
    • Neuroradiology
    • Nuclear scans
    • Musculoskeletal studies
  • Second Opinion
  • Clinical Trails

By Modality:

  • X-Ray Scans
  • Computerised Tomograph (CT) Scans
  • MRI Scans
  • Ultrasound Scans
  • Nuclear Scans
  • Cardiac Echo
  • Mammography
  • Electromammography

By End User:

  • Hospital Pharmacies
  • Clinics
  • Ambulatory Surgical Centres
  • Radiology Centres

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By Region:

  • US
  • OUS (International)
    • Latin America
    • EU5
    • Rest of Europe
    • Japan
    • Asia Pacific Excluding Japan
    • Rest of the World

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In-Circuit Tester Market to Expand at Over 4.9 % CAGR Through 2031

he global in-circuit tester market size estimated to be valued at ~US$ 1.06 Bn in 2021.The COVID-19 pandemic crisis has severely affected the growth. It caused significant disruptions in manufacturing activities and supply chain networks, subsequently affecting the in-circuit tester market. However, the market is expected to recover as the economic activities resume post the containment of pandemic.

In-circuit tester market is likely to grow at a moderate pace during 2021-2031. It is expected to gain from increasing applications across various end-use industries. With manufacturers emphasizing on developing advanced testing equipment, industries are likely to benefit from improved life cycle and durability of in-circuit testers.

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Application in automotive electronics is poised to surge in the coming years. With automotive production gradually getting back on track, sales in the sector are expected to pick up. Subsequently, the demand for in-circuit tester will increase as the sector aims at keeping pace with dynamic consumer preference.

Key Takeaways from In-Circuit Tester Market Study

  • FMI has forecast the demand for in-circuit testers to rise at a CAGR of ~4.9% during the forecast period of 2021-2031
  • While the U.S. continues to hold over nearly 70%, the demand from Canada is expected to rise at a higher pace
  • Within Europe, the U.K. will emerge as a key market, exhibiting 5.6% Y-o-Y growth in 2021
  • France and Germany too will continue exhibiting high demand, thanks to expansion of manufacturing activities
  • Within East Asia, China will emerge dominant. Demand from Japan and South Korea will also rise at a positive pace

 “The increasing demand for in-circuit test and boundary scan test solutions from automotive electronics manufacturers is expected to drive the market. Within a moderately consolidated market space, manufacturers are highly concentrated on increasing sales and expanding their distribution networks with the launch of various standards and models of in-circuit testers,” says a FMI analyst.

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Rising Focus on Emission-control Enabling Growth

Expansion of the automotive electronics sector will remain a chief driver as the report. This is primarily attributable to the implementation of stringent emission control regulations. Coupled with this, the increasing demand for improved comfort, efficiency, connectivity, and safety among consumers will boost in-circuit tester applications in automotive electronics manufacturing.

Along with this, the advent of electronic vehicles will bolster growth opportunities for the market. Focus towards achieving zero emission within the automotive industry will emerge as a chief growth driver.

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In-Circuit Tester Market by Category

By Product

  • Multimode Flying Probe Tester
  • In-Line Tester

By Portability

  • Benchtop
  • Compact

By Application

  • MDA
  • ICT
  • FICT

By Fixture

  • Vacuum
  • Pneumatic
  • Mechanical

By Mode

  • Semi-Automatic
  • Automatic

By End-use

  • Automotive Electronics
  • Consumer Electronics
  • Medical Equipment
  • Defense and Aerospace Electronics
  • Power Generation, Storage and Distribution
  • Network and Communications
  • Computers and Peripheral Devices
  • Industrial Electronics

By Region

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

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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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Machine Control System Market review Current Trends And Future Growth Estimations Outlook To 2032

In 2021, the demand for machine control systems was valued at US$ 4 billion, and it is predicted to increase at an annual pace of 8% over the forecast period. As per machine control system market analysis, the growing demand for precision in heavy machinery control and navigation is projected to fuel market expansion.

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Machine control systems reduce field and machine downtime while allowing for more efficient resource utilization. Failure of heavy gear at a building site can create delays in operations and result in significant financial losses.

Machine control specialists ensure that construction equipment is precisely monitored and controlled, resulting in optimized performance and quicker quality assurance on the job site. As a result, investing in machine control systems promises to save time, eliminate budget overruns, and lower machine maintenance costs, which are expected to impact the machine control system market future trends.

Excavators, dozers, and graders are costly machines, and incorporating machine-guided technology into them raises installation and integration expenses. In addition, the machine control market trends indicate that building and mining companies need a lot of money to buy or rent equipment integrated with machine control technology.

While recent developments in machine control systems provide improved precision, aid in faster project completion, and have reduced maintenance costs, the costly initial outlay is a barrier to market expansion.

There is a growing market for machine-guided technology in the Asia Pacific. In the construction sector, cost-effective and time-efficient techniques must provide a secure, elevated, durable, and friendly constructed environment. As a result, machine control systems play a critical role in ensuring efficiency and reliability on building sites in emerging regions.

The machine control system market size is expected to reach the valuation of US$ 6.3 Bn in 2026, growing at a modest CAGR of 8%.

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Key Takeaways

  • Over the projected period, the Asia Pacific area is expected to grow the most, with China and India leading the way. Governments in these countries have embarked on initiatives to replace aging infrastructures such as roads, bridges, sewage systems, and tunnels by effectively using the intelligent machine control system market.
  • Because of the ever-increasing population and high need for food, the agriculture segment is predicted to grow at a stable CAGR of around 10%. The demand for quick production and enhanced crop quality drives digital control system growth.
  • Segmented as per equipment, excavators fully utilize the machine control system market opportunities due to their accuracy productivity than other equipment in construction and excavating operations.
  • As per the machine control market report, the construction segment is leading the growth-share due to rising modernization and other infrastructural initiatives conducted by emerging regions.
  • The GNSS product segment dominates the market. The high use of GNSS on scrapers, dozers, graders, excavators, and aerial devices is responsible for this high share.
  • The emerging trends in the machine control system market state that the second-largest segment, total stations, is predicted to grow at a steady rate. These systems’ ease of deployment and enormous product modification scope is credited with this expansion.

“Lockdowns were imposed around the world, halting many existing and prospective projects, affecting consumption for machine control systems and other construction materials. Owing to the lifting of lockdowns and vaccination rollouts, this sector has acquired traction again and is likely to rebound quickly. As a result, the machine control system market trends and forecast are now shifting again, with the demand for machine control systems is predicted to increase consistently over the forecast period.”, opines an FMI analyst.

Competitive Landscape

To enhance their offers in the market, machine control unit companies have used various organic and inorganic growth tactics, such as news releases, product developments, alliances, and collaborations.

  • Topcon and Hitachi (HCMUK) collaborated in March 2020 to provide an ‘inventive’ and ‘sophisticated’ machine control for a more effective workflow. HCMUK used the Topcon X53-x automated machine control software on its excavators as part of the deal.
  • Volvo Construction Equipment has expanded its machine control system market demand analysis to encompass a wider variety of wheeled loaders and introduce productivity and serviceability improvements.

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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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Seed Testing Services Market Size is Likely to Hold a Valuation of US$ 16.39 Billion by 2032

The seed testing services market size in 2018 was ~US$ 725 Mn and is estimated to grow at a CAGR of ~6% during the forecast period 2018-2028.

The quest for quality necessitates emphasis on quality inspection and testing of agricultural products, including seeds and fertilizers, propelling growth of seed testing services market through 2028. According to the report, mandates for seed testing certifications to facilitate the international trade continue to call for sessions of comprehensive seed analysis, thereby creating a plethora of opportunities for the seed testing service providers.

As the global agricultural scene continues to embrace modernization in an effort to gain enhanced yields, the adoption of seed testing services for the purpose of fostering productivity is poised to tread on an ever-increasing path. According to FMI’s analysis, the adoption of purity tests is estimated to grow by leaps and bounds, followed by moisture tests.

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As purity and moisture tests continue to be among the basic prerequisites in the seed testing sessions, the adoption rates of these two tests are likely to reach new heights in the coming years. With more stringent and tight regulations coming to the fore, end users will exhibit a greater degree of confidence on vigor tests for warranting seed health and quality.

While off-site services continue to be well-received among the end users, demand for on-site services is estimated to pick pace through 2028. The demand for on-site services remains underpinned by increasing need for convenience and reliability, suggest FMI’s findings. In addition, growing availability of compact, lightweight, portable testing equipment, along with an increasing count of on-site testing service providers, is further complementing this growth.

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Seed Processors at the Forefront of Demand for Seed Testing Services

Opportunities are imminent for the market players during the forecast period, as seed manufacturers (seed processors or seed refiners) continue to be at the forefront of demand for seed testing services. In order to align with this demand, market players vie to offer a wide range of testing services through accredited laboratories that are strategically positioned in multiple regions.

According to the FMI analysis, North America and Europe are estimated to emerge as the two hub spots of opportunities for the key stakeholders of the seed testing services market. However, the East Asia region is emerging as a bright spot for the market players to target at, with countries such as China and Japan being the front liners.

In order to capture value across the fast-growing economies of East Asia, companies active in the seed testing services are gaining a granular understanding of varying trends with respect to segments, channels, and product lines. Skyrocketing focus on trading of field crops/seeds is further likely to provide the much-needed impetus to these regional markets, thereby offering new opportunity streams for market players to leverage.

According to the FMI analysis, key service providers operating in seed testing services are channelizing their efforts toward offering tailor-made services to serve specific end user needs. Mergers and acquisitions will continue to top the priority list of market players, as these alliances do have a major contribution to inorganic growth of these companies.

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Key Segment

By Test Type

  • Purity Test
  • Moisture Test
  • Vigour Test
  • Germination Test
  • Others

By Service Type

  • Off-Site Services
  • On-Site Services

By Seed Type

  • Cereal Seeds
    • Maize
    • Soybean
    • Rice
    • Wheat
    • Other Cereals
  • Vegetable Seeds
  • Flower Seeds

End User

  • Seed Manufacturers
  • Farmers
  • Agriculture Consultants
  • Research Bodies
  • Others (distributors, etc.)

By Region

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

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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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Water Softening Systems Market to Display Impressive Growth of 6.5% with Rising Demand | FMI

As per ESOMAR-certified consulting firm Future Market Insights (FMI) recent market survey, the global water softening systems market size is anticipated to expand at a robust 6.5% CAGR between 2021 and 2031, surpassing a market valuation of US$ 10.82 Bn in 2021.

Future Market Insights foresees a comparison and review analysis of the dynamics of the market for water softening systems, which is primarily influenced by a number of industry-specific factors as well as a few distinct influences regarding viewpoints that support industry innovation.

The market for water softening systems is being shaped by several key trends, including product innovations in systems with high efficacy, technological advancements, and durability, as well as rising global concerns about water contamination.

Increased adoption of water softening systems due to high mineral content in water will drive sales in developed countries such as the United States, the United Kingdom, Germany, and Italy. The presence of key market participants will also boost market growth during the forecast period.

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Application will continue increasing in the residential sector. FMI sees impressive prospects for non-electric water softening systems sales across households. Government policies adopted towards making clean water available for all will continue aiding sales growth in this segment.

Rising water quality awareness and government-led initiatives such as smart cities, combined with non-governmental initiatives promoting water sanitation and public health, will drive demand in emerging markets such as India, China, South Korea, and Brazil.

“Conscious efforts to spread water quality awareness led by government and non-profit organizations, along with product innovations in water softening systems aimed at providing better efficacy and enhanced performance will augment market growth in the upcoming decade,” says the FMI analyst.

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Key Takeaways from Water Softening Systems Market Survey

  • Based on design, twin-cylinder water softening systems will dominate the market.
  • Residential sector will experience increased adoption of water softening systems throughout the assessment period.
  • The U.S. will continue dominating the market due to the high concentration of market players.
  • Sales outlook in the U.K. is projected to be positive with increasing applications of water softening systems in households.
  • India will emerge as a lucrative market for sales of water softening systems, owing to growing awareness regarding water quality in the country.

Competitive Landscape

EcoWater Systems LLC, Culligan International Company, Kinetico Incorporated, Hydroflux, Envicare Technologies Pvt. Ltd., Wychwood Water Systems Ltd., Harvey Water Softeners Ltd., Pelican Water Systems, BWT AG, Marlo Incorporated, Monarch Water Ltd., Qingdao Haier Co., Ltd., Atlas Filtri, Watts Water Technologies Inc., Feedwater Limited and Canature Health Technology Group Co Ltd. are among the top manufactures in water softening systems market, as profiled by FMI.

To manufacturers of water softening systems account for approximately 1/5th of the total sales of water softening systems. Lucrative strategies adopted by key players include new product launches, site expansions, mergers, acquisitions, and collaborations. For instance

  • In May 2021, Culligan International was acquired by BDT Capital Partners, LLC, entering its next phase of growth by accelerating consumer strategy and extend its international footprint by innovating products with digital growth initiatives.
  • In April 2021, Watts Water Technologies launches a new brand ‘Lync’ to provide solutions that address growing concerns in commercial buildings regarding water quality and preventing risks of infections from water-borne pathogens, while ensuring reliability and durability in the long run.

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More Insights on the Water Softening Systems Market

In its latest report, FMI offers an unbiased analysis of the global water softening systems market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of operation type (electric and non-electric), application type (residential, industrial and commercial), design (mono cylinder, twin-cylinder, multi-cylinder), and across seven regions (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East & Africa).

Water Softening Systems Market by Category

By Operation Type: 

  • Electric
  • Non-Electric

By Application Type:

  • Residential
    • Salt-based
    • Salt-free
  • Industrial
  • Commercial

By Design:

  • Mono Cylinder
  • Twin Cylinder
  • Multi-Cylinder

By Region: 

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • Asia Pacific excluding Japan
  • Japan
  • Middle East and Africa (MEA)

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

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Growth Outlook for The Particle Counter Market Is Predicted to Advance at A CAGR of 4% From 2022-2032

The particle counter market size in 2018 Nearly US$ 365 Mn and is expected to observe a CAGR of over 4% over 2018-2028.

A particle counter is an instrument used for monitoring the indoor air quality in workplaces and clean rooms as it determines the concentration of particles in the air. Various factors are impacting the overall growth of the market. Another key factor driving the growth of the particle counter market is the increasing usage of particle counters in the healthcare and pharmaceutical industry. Particles in pharmaceutical fluids are counted in compliance with pharmaceutical standards.

Airborne particle counters specifically designed to determine the quantity of the particles of the air. Airborne particle counters are generally utilised for maintaining the quality of air in the rooms as well as for testing to meet the regulatory compliances that are set based on industry standards or governments.

They provide users the convenience of measuring the airborne impurities in a sample. They are useful for checking the cleanliness of air within a measured environment such as a processing laboratory or a pharmaceutical research facility.

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Oil & Gas industry Generating High Demand for Liquid Particle Counters

In the oil & gas industry, particle counters are used for the hygiene control of liquid-based hydraulic solutions as well as for the examination of the contamination of injected water. Moreover, liquid particle counters are used in the aerospace industry to determine kerosene compliance with the DEF STAN 91-91 and IP 577 standards or barely inflammable hydraulic fluids.

Thus, the increasing demand for the liquid particle counters in the field of waste water and process water to determine the quality of water, as well as the increasing demand for the detection of the particle sizes in water treatment plants are also among factors boosting the particle counter market.

Based on regions, North America is expected to hold the prominent share of the particle counter market due to the increasing presence of the pharmaceutical sector. In the Middle East and Africa, there is increasing demand for liquid particle counters in the oil & gas industry. These are some of the factors are propelling the growth of the particle counter market.

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North America is estimated to be a prominent region in the global particle counter market because of presence of a well-developed pharmaceutical and healthcare sector and numerous technological improvements in the region. The increasing spending on healthcare and pharmaceuticals is also responsible for boosting the growth of the particle counter market in North America.

Tier 1 Players Account for around 45% Global Market Revenues

The report tracks some of the key companies operating in the market, such as Lighthouse Worldwide Solutions, Airy Technology, PAMAS, RION Co., Ltd, Climet Instruments Company, Chemtrac Systems, Inc., Hach, Met One Instruments Inc., Cole Parmer, Zinter Handling Inc., Fluke Corporation, FLIR, and Kanomax. There are several other companies operating in the particle counter market. Beckman Coulter, PCE Instruments, TSI Inc., and Spectris Company are estimated to capture a prominent share of the particle counter market. These tier 1 companies hold a share of approximately 45% of the particle counter market.

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Particle Counter Market Taxonomy

The global particle counter market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach in front of the reader.

By Modularity Type

  • Benchtop
  • Portable
  • Handheld

By Product Type

  • Airborne Particle Counters
  • Liquid Particle Counters
  • Dust Particle Counters
  • Others

By Technology

  • Online Particle Counters
  • Offline Particle Counters

By Industry

  • Healthcare and Pharmaceutical
  • Oil and Gas
  • Food and Beverages
  • Automotive
  • Aerospace
  • Others

Region

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

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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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Magnetic Drive Pump Market Research, Segmentation, Key Players Analysis and Forecast to 2031

A large synchronous motor market Review (power greater than 25 MW) has a rotor that typically rotates at the same rate as the machine’s rotating field. The market for large synchronous motors has experienced rapid growth in recent years. The increased use of large synchronous motors in water treatment projects and various industries around the world is expected to fuel this growth over the upcoming years.

These motors are used in many different applications, such as compressors and blowers. Given this, the demand for water treatment facilities and other activities will expand the potential application area and spur growth in the ensuing years.

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The COVID-19 outbreak and subsequent measures to contain the virus’s spread dampened demand for big synchronous motors in 2020. Nonetheless, when the industrial sector begins to revive, sales will increase up. According to the report, demand for large synchronous motors with capacities of 25 to 40 MW is expanding.

Heavy-duty applications, on the other hand, found demand for the 40 to 80 MW capacity. Throughout the forecast period, the 25 to 40 MW category will continue to account for the majority of sales, according to the analysis.

Increasing in investment in various public infrastructure projects will create lucrative opportunities for growth. For instance, the expansion of water treatment plants, especially desalination plants, will fuel the demand for large synchronous motors.

The overall market for large synchronous motors growing at a relatively slow pace post the pandemic, nonetheless, its trajectory will continue rising steadily through the course of the report’s forecast period. The three key markets for large synchronous motors are China, India, and Europe. Markets in ASEAN countries are expected to grow moderately.

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 Key Takeaways

  • Large synchronous motor market will exhibit 2.6% y-o-y growth in 2021, backed by increasing application across diverse sectors
  • The U.S. will emerge as a lucrative market, thanks to expansion of mining activities. It will account for nearly 75% of sales in North America market in 2021
  • Within the U.K. increasing focus on water treatment will continue driving growth
  • Expansion of infrastructural facilities will create growth opportunities in France and Germany
  • China will emerge as a highly lucrative market, thanks tocontinued investments in power generation and industrial infrastructure.

“Surge in demand for 25 to 40 MW synchronous motor in recent years is expected to provide an impetus to large synchronous motor sales. High efficiency, low fuel requirement, and high performance of large synchronous motors will continue creating growth opportunities,” says FMI analyst.

Subdued Growth Likely following COVID-19 Outbreak

The COVID-19 pandemic is currently impacting the global economy at various levels and the impact is seen on large synchronous motor market as well.  The Large Synchronous Motor growth is currently subdued by the COVID-19 pandemic crisis and is expected to witness a significant drop in demand till 2021.

With a number of end use industries affected in several countries, the growth of the market is challenged as well. The decelerating demand is expected to result in a significant drop in Y-O-Y growth yet FMI expects large synchronous motor to grow at a moderate CAGR through 2031.

Competitive Landscape

The market is fairly consolidated, with key 7-8 players accounting for overall market share.Some of the key players in the market are

  • ABB,
  • General Electric,
  • WEG,
  • Siemens AG,
  • VEM Group, among others.

These players are likely to invest in new technologies, especially customized variants, to maintain their market share.

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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.

Contact:

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
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Large Synchronous Motor Market Current Scenario and Industry Growth Forecast with Major Key Players data by 2031

The global market for Large synchronous motors Market Forecast is anticipated to be valued US$ 222 million in 2031. In its analysis, Future Market Insights (FMI) predicts a stable long-term growth outlook for the market. According to the study, the worldwide big synchronous motor market will grow at a moderate CAGR from 2021 to 2031. The report looks at 20+ high-growth sectors and gives specifics on how the growth of Large Synchronous Motors will vary over the next decade.

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The COVID-19 outbreak and subsequent measures to contain the virus’s spread dampened demand for big synchronous motors in 2020. Nonetheless, when the industrial sector begins to revive, sales will increase up. According to the report, demand for large synchronous motors with capacities of 25 to 40 MW is expanding. Heavy-duty applications, on the other hand, found demand for the 40 to 80 MW capacity. Throughout the forecast period, the 25 to 40 MW category will continue to account for the majority of sales, according to the analysis.

Increasing in investment in various public infrastructure projects will create lucrative opportunities for growth. For instance, the expansion of water treatment plants, especially desalination plants, will fuel the demand for large synchronous motors.

The overall market for large synchronous motors growing at a relatively slow pace post the pandemic, nonetheless, its trajectory will continue rising steadily through the course of the report’s forecast period. The three key markets for large synchronous motors are China, India, and Europe. Markets in ASEAN countries are expected to grow moderately.

Key Takeaways

  • Large synchronous motor market will exhibit 2.6% y-o-y growth in 2021, backed by increasing application across diverse sectors
  • The U.S. will emerge as a lucrative market, thanks to expansion of mining activities. It will account for nearly 75% of sales in North America market in 2021
  • Within the U.K. increasing focus on water treatment will continue driving growth
  • Expansion of infrastructural facilities will create growth opportunities in France and Germany
  • China will emerge as a highly lucrative market, thanks tocontinued investments in power generation and industrial infrastructure.

“Surge in demand for 25 to 40 MW synchronous motor in recent years is expected to provide an impetus to large synchronous motor sales. High efficiency, low fuel requirement, and high performance of large synchronous motors will continue creating growth opportunities,” says FMI analyst.

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Subdued Growth Likely following COVID-19 Outbreak

The COVID-19 pandemic is currently impacting the global economy at various levels and the impact is seen on large synchronous motor market as well.  The Large Synchronous Motor growth is currently subdued by the COVID-19 pandemic crisis and is expected to witness a significant drop in demand till 2021.

With a number of end use industries affected in several countries, the growth of the market is challenged as well. The decelerating demand is expected to result in a significant drop in Y-O-Y growth yet FMI expects large synchronous motor to grow at a moderate CAGR through 2031.

Competitive Landscape

The market is fairly consolidated, with key 7-8 players accounting for overall market share.Some of the key players in the market are

  • ABB,
  • General Electric,
  • WEG,
  • Siemens AG,
  • VEM Group, among others.

These players are likely to invest in new technologies, especially customized variants, to maintain their market share.

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About Future Market Insights (FMI)

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

Contact Us:

Future Market Insights, Inc
Unit No: 1602-006
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Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
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Elemental Analyzers Market is Predicted to Advance at A CAGR of 5.8% From 2022- 2032

The elemental analyzer market size was reached nearly US$ 3.8 Bn in 2018 and is expected to observe a CAGR of approximately 5.8% over 2019-2027. Growth of the elemental analyzer market will continue to remain influenced by various factors, which range from adoption among institutes for ascertaining elemental concentrations, to introduction of novel products by vendors to deliver real-time, quick, and accurate results.

The study finds that more than 4 in 10 elemental analyzers sold worldwide are CHS analyzers, with sales in 2018 estimated at approximately 113 thousand units. One of the leading aspects underpinning CHS analyzer sales is the development of new compounds, such as silver vanadate, for use in permanent combustion tube packaging.

Discovery and introduction of such materials has led to greater capacity and increased activity for analysis of sulfur and halogens. Additionally, these novel materials act as indicators to signal their depletion, which in turn has enhanced the functionality and efficiency of new CHS analyzers being developed.

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The study opines that benchtop currently remains top-selling modularity of elemental analyzer, over the course of the forecast period demand for portable/handheld elemental analyzer will gain higher traction among end-users. Applications of elemental analysis continue to widen, to not only engulf research and development, but also product inspection and quality control at various manufacturing sites. This has further resulted in the requirement for higher degree of measurement and analytical capabilities, along with easier and faster operations.

Elemental Analyzer Market Vendors Focusing on Value-added Service Offerings

The study finds that leading vendors in the elemental analyzer market are focusing on providing value-added services to end-users. These vendors are increasingly delivering additional software, in combination with elemental analyzers, for successfully integrating the results obtained from the analysis.

This, coupled with growing focus of leading companies on data integration, will continue to provide an impetus to growth of the elemental analyzers market. In addition, key aspects such as collection of exploratory data for generating actionable insights, along with the software’s capability for running on multitude of workstations will continue to succor growth of the elemental analyzer market.

According to the study, elemental analyzers continue to seek extensive adoption among academic institutions, and the trend is expected to prevail in the near future. Academic institutes around the world are buying products apropos of elemental analysis to ascertain concentrations of elements in various matrices.

Several institutes are entering into strategic collaboration with the research laboratories, which has eventually led to improvements in the research activities across fields, including metabolomics, medicine and proteomics. Additionally, governments across the globe are providing significant funds to academic institutes to acquire necessary equipment for an array of analysis.

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Elemental Analyzer Sales Remain Robust in the Mining Industry

The study opines that elemental analyzer demand will remain comparatively robust in the mining sector, with sales estimated to accounting for nearly 30% volume share of the market in 2019. Elemental analyzers play a pivotal role in process control of flotation and grinding plants of the minerals processing operations. Demand for elemental analyzers in the mining industry will continue to grow as the requirement for high-availability, accurate elemental analysis remains for enabling improvements in the product quality.

The study states that nature of the elemental analyzer market will continued to be moderately fragmented, with leading companies directing their focus toward development of innovative products compliant with specific manufacturing standards.

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Key Segment

Based on the product type

  • C-H-S analyzer
  • O-N-H analyzer
  • XRF analyzer

Based on the modularity type

  • benchtop
  • portable/handheld elemental analyzer

Based on the end use

  • mining
  • petrochemical
  • construction
  • steel
  • pharmaceutical industry

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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.

Contact Us:
Future Market Insights,
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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