Telehandlers Market Worth US$ 6,247.6 Mn by 2030 | Future Market Insights

Future Market Insights (FMI) predicts that the global telehandlers market will increase by 4.7% annually in 2022, reaching a value of about US$ 4,210.6 Mn by the year’s end. The demand for telehandlers in infrastructure and construction development projects is increasing. Telehandlers are used by customers in the manufacturing, mineral processing, and mining industries. They have a wide range of applications and the ability to hold a variety of attachments.

The employment of telehandlers in material handling space with their versatility and safe technology is driving global sales, according to a new report by Future Market Insights (FMI). Telehandlers have evolved from basic landscaping and farming equipment to much more sophisticated construction equipment. Manufacturers of telehandlers invest heavily in R&D to develop and incorporate changes into their product line.

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Telehandlers are set to be the first machinery that can be deployed at operation sites for material handling without prior ground preparation due to the multipurpose features that allow them to perform the tasks of cranes, loaders, and access equipment in a variety of industries.

While the United States and Europe were early adopters of telehandlers, future growth will be dependent on demand from China, India, Brazil, the Gulf Cooperation Council, and countries with upcoming megaprojects.

Tech-driven performance and dependence in tandem with a total cost of ownership (TCO) possess the better value of money over long run.

End-users, seeking customized solutions at a slightly higher prices, will find value addition in telehandlers as overall machine expense and its utilization in projects will justify customers’ initial investment in the machinery.

Key Takeaways of Telehandlers Market Study

  • Worldwide sales of telehandlers to surpass US$ 6 Bn in 2030
  • Manufacturers to reap substantial gains from telehandlers having maximum lift height of 30′-60′
  •  ‘Electrification’ and ‘lightweighting’ to emerge as disruptive forces in global market
  • The US and Europe remain the most lucrative markets

“Telehandlers are equipped with an array of attachments including, jib and crane, pallet fork, tire handlers, and re-handling multi-purpose buckets, and these attachments are transforming continuously as the cab continues to explore potential application avenues,” says analyst at FMI.

COVID-19 Impact on Telehandlers Market

The COVID-19 pandemic has had immediate repercussions on the global economic order and that effect goes across every industry, including construction. Worldwide construction growth has slumped to 0.5% CAGR from the expected 3.1% for 2022.

Constructional projects have been delayed, and manufacturing operations have been ceased due to nationwide lockdowns amid the COVID-19 crisis. With steep drop in operations in construction and manufacturing sites, demand for telehandlers has been severely affected.

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Telehandlers Market – Competitive Intelligence

The global telehandlers market is highly consolidated with prominent players capturing about two-fifths of overall market value. Manufacturers are developing telehandlers armed with new features in an effort to lock in customers and achieve economies of scale. For instance,

  • JCB has rolled out its new telehandlers – Hydraload 555-210R – with rotating telescopic handler. The machine comes with maximum lifting height of 20.5 m and maximum lift capacity of 5.5 tons
  • Xtreme Manufacturing has introduced telehandlers that exhibit 17,000-pound capacity. The telehandlers are armed with the company’s novel modular cab design that allows them to be simply switched from open to enclosed, or vice versa, with an optional gear. This offers customers with enhanced flexibility while running telehandlers in several environments

To Know More About Telehandlers Market:

A new market research report published by Future Market Insights (FMI) on the global telehandlers market report offers comprehensive insights into the market demand trends and analysis of opportunities over the forecast period, 2022-2030. The report examines the telehandlers market through three different segments – maximum lift height, ownership, and region.

The telehandlers market report also provides extensive assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in the manufacturing of telehandlers and product adoption across several end-use industries.

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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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By 2028, Air Separation Plants Will Be Worth US$ 7,891.1 Mn by 2028 – FMI

The global air separation plant market enjoys a valuation of US$ 5.9 Bn, and is projected to expand at a CAGR of 5% to attain a net worth of US$ 7.9 Bn by the end of 2028.  Strong demand for air separation plants in the healthcare industry is expected to be a prominent trend favoring overall market growth across regions.

The global market for air separation plants will reach a valuation of US$ 7,891.1 Mn by 2028, growing at a steady CAGR of 4.9 percent, with China holding the majority of the global market share in the coming decade.

Furthermore, many industrial activities are shifting toward high purity gases, which is boosting innovation in the air separation plant market. Chemical properties such as reactivity and physical properties such as density, boiling point, and vapour pressure make these gases suitable for use in a variety of industries—they are known as fuel gases, medical gases, refrigerant gases, or specialty gases depending on the industry.

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An Overview of the Global Air Separation Plant Market

A large share of the market revenue is likely to be generated by the chemical, iron and steel, healthcare, and food and beverages industries. Air separation plants are used for separating atmospheric air into industrial gases—including nitrogen, oxygen, argon, and other inert gases. Increasing demand for such industrial gases will create opportunities for the air separation plant market to grow in the coming years.

Growing emphasis on gas packaging, rapid refrigeration, and freezing technologies in the food and beverages industry is fuelling the demand for liquid nitrogen freezing. Several air separation plant manufacturers are specifically launching units for gas-related products in the food industry. Additionally, demand for medical gases and equipment like infusion pumps and continuous positive airway pressure (CPAP) devices in hospitals and private homes, will ramp up the investments in air separation plants market in the coming years.

Growing Demand for Pure Gases Augmenting Adoption of On-site Air Separation Plants

In lieu of growing demand for on-site gas generation for environmental-friendly operations, key players in the air separation plant market are catering to diverse needs of several industries looking for volume and purity, with customizable on-site production solutions. On-site air separation plant enhances energy efficiency, boosts product quality, and increases throughput. Modular configuration, designed with backup systems, and easy installation and integration are some factors pushing the adoption of on-site air separation plant technologies—offering highly reliable source of energy.

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Customized Solutions, M&A, and Divestments: Key Strategies Driving the Global Air Separation Plant Market 

Top players operating in the global air separation plant market are focussing on strategic mergers and acquisitions to expand their businesses in regions with high industrial growth. Manufacturers are also empowering end-users with innovations and digitization in air separation plants for increased operator comfort and protection. In order to meet specific customer demands in terms of gas volume and purity, market players are customizing air separation plants. For instance, Linde AG serves a major share of customers looking for customized solution owing to their worldwide presence and vast experience in engineering and operation of customized air separation plants.

However, factors such as high capital costs associated with setting up of air separation units and cyclical fluctuations in end-user markets could negatively impact the growth of air separation plants market, in terms of market volume. Mature markets of Japan are likely to reduce air separation plants deployments in the coming years.

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Barcode Scanner Market To Grow at a CAGR of over 7.6% By 2031 | New Opportunities Planning By Future Market Insights

The market for barcode scanners is anticipated to be worth US$ 7 billion in 2021, according to recently released data from FMI. Between 2021 and 2031, the market is anticipated to expand at a CAGR of more than 7.6%. Over the course of the assessment period, it is anticipated that the demand for barcode scanners will rise as the healthcare sector expands.

Despite the difficulties caused by the COVID-19 outbreak, there was a quick transition from handheld laser scanning to imaging solutions, which increased the demand for barcode scanners. With a 30%+ value share in 2021, North America will continue to be the market leader. The healthcare industry is cited as a major contributor to the expected positive outlook for barcode scanner demand in North America.

North America to Become Dominant in the Barcode Scanner Market

North America is expected to generate a total incremental opportunity of more than US $1500 Mn between 2021 and 2031.By the end of 2021, it is anticipated that the North American barcode scanner market will hold a greater than 30% value share. Over the course of the forecast period, the region is anticipated to grow at a CAGR of 6.9%.

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By the end of 2021, sales of barcode scanners are anticipated to reach a value of US$140.4 million in the U.S. The market is anticipated to expand significantly during the forecast period, exhibiting high value-high growth.

However, it is anticipated that during the forecast period, the Canadian barcode scanner market will tend toward low value-high growth. Between 2021 and 2031, Canada is anticipated to offer a total incremental opportunity of more than US$ 240 million.

Although barcoding is widely used worldwide, different technologies and systems are adopted in various regions. In the United States, barcodes were first used in products when one was printed on a pack of chewing gum in the early 1950s.

As far as tracking and recording product information goes, barcoding is now considered standard. High-end barcode scanners have been adopted in North America by a variety of industries. These scanners include stationary, omnidirectional, cordless, rugged, and rugged scanners.

When compared to other technologies used in this area, the growth rate of barcode scanner technologies like CCD and pen-type readers is slower. The creation of specialised barcode scanners for particular uses, such as barcode scanners for use with admission tickets for theme parks and hospitals, is another trend.

Rising Barcode Scanner Application in the Healthcare Sector to Facilitate Growth

Every area of the healthcare industry is using barcode scanners more and more. According to the Institute of Medicine of the National Academies (IMNA), the majority of medical mistakes that occur during a patient’s hospital stay are brought on by improper medication, which is a result of an incorrect diagnosis that results in death. As a result, hospitals now prefer to feed updated patient information into a computer-recommended database.

Every conceivable error can be fixed by using barcode scanners. It becomes simple to keep accurate patient records and lower drug-related errors while a patient is in the hospital. As a result, barcode scanners are now more in demand in North America.

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Barcode Scanning Becoming a Norm in the Retail Sector

In North America, the use of barcode scanners in manufacturing and retail is expanding quickly. One of the best methods for gathering product information is now barcode scanners. Barcodes are used by retailers all over the world to easily track supplies and goods.

Products have barcodes applied to labels, which aid in keeping track of data such as product count, manufacturing date, date of supply to the retailer, selling price, etc. The data is retrieved and tracked when these products are scanned.

This entire procedure, which is finished in a matter of seconds, improves efficiency while reducing errors. This has aided retailers in keeping track of their stock on the shop floor and in the warehouse. All of the products sold by large retailers like Walmart, Carrefour, Costco, and IKEA have barcodes. As a result, the North American market for barcode scanners is expanding.

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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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Heat Pumps Market Worth US$ 50,714 Mn by 2030, Growing at a CAGR of 5.4% From 2022 – Exclusive Report by Future Market Insights

According to Future Market Insights (FMI), the heat pump market will increase by 3.6% annually in 2022, reaching a value of about US$ 33,156 Mn. The initial reduction of energy consumption and carbon emissions from such devices is recognised as a key market driver for heat pumps. Greater residential and construction investment will open up new markets for heat pump suppliers. Between 2022 and 2030, the market is projected to grow at a significant rate (CAGR) of 5.4% in terms of value.

The Asia-Pacific region is expected to hold a dominant position in the heat pump market, followed by North America, according to FMI. APAC and North America are anticipated to hold a combined revenue share of 73.9% of the global market by the end of 2030.

FMI provides an analysis of half-yearly comparisons and significant information regarding the market for heat pumps’ prospects for expansion. The growth of the construction industry and the increased enforcement of strict new building regulations by governments around the world, particularly in the United States, China, Japan, Europe, and South Korea, are expected to have a significant impact on the demand for heat pumps for residential applications.

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FMI analysis shows that the difference between the BPS values seen in the heat pump market in H1 2022 and the outlook for H1 2022 The forecast shows a decrease of 17 units. Additionally, the market is anticipated to increase by 89 BPS in H1 2022 compared to H1 2021.

As consumers demand more technologically advanced and environmentally friendly heating and cooling equipment, the market for heat pumps is expected to grow. Particularly helpful for lowering carbon intensity are heat pumps. They can assist in reducing the amount of electricity used for cooling and heating applications by half when compared to conventional electric resistance heating appliances.

Heat pumps’ initial reduction in energy consumption and carbon emissions from various devices is acknowledged as one of their main commercial benefits. Greater residential and construction spending will expand the markets available to heat pump manufacturers.

The demand for CO2 refrigerant heat pumps is rising.

From 2022 to 2030, CO2 Refrigerant Heat Pumps are anticipated to create a $2,731 Mn absolute dollar opportunity. These CO2 refrigeration heat pumps are increasingly in demand due to their simplicity of use, low cost, and green attributes. Currently, China, Japan, and other Asian markets offer CO2 refrigerator heat pumps. When compared to ground source heat pumps, which are used for domestic water heating, air source heat pumps have lower overall installation costs, making them a popular choice for CO2 refrigerators.

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The market for heat pumps in the United States

The North American U.S. heat pump market is anticipated to grow by volume by 2.1% in 2022. Because of various factors, including weather, the ease of obtaining resources, the advantages of receiving government tax credits, and regulations, the supply of heat pumps has gradually increased in the North American region, particularly in the United States. By the end of 2022, the US market will have generated US revenues totaling $6,816.0 Mn, according to the study.

Why is the demand for heat pumps growing in Japan

Japan is anticipated to grow at a CAGR of 4.6% between 2022 and 2030. The heat pump technology uses air temperature and renewable heat output to convert heat to renewable heat with minimal power consumption. Japan tries to promote this technology because it has so many benefits. For heat pumps, Japan is regarded as a developed country. In the past ten years, more than 35,000 water heating system units have been released onto the market. By 2030, the nation’s GDP is projected to be $3,475.4 million USD.

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Market for Lead Acid Batteries Worth USD 90.5 billion. By 2031 | CAGR 5.2% – By FMI

In 2021, the market for lead acid batteries is projected to be worth the US $54.3 billion. According to Future Market Insights’ (FMI) analysis, lead acid battery sales will grow at a CAGR of 5.2% between 2021 and 2031. The study estimates that by 2031, the global lead-acid battery market will be worth more than US$ 90.5 billion.

According to FMI, the market for AGM batteries is anticipated to grow rapidly in 2021, with a 6.2% CAGR.

China’s Lead Acid Battery Market Will Survive

According to Future Market Insights, East Asia will continue to be among the most alluring markets for lead-acid batteries during the forecast period. Through 2031, China is anticipated to hold more than 57% of the market for lead-acid batteries in East Asia.

With more than 1.33 million units sold in 2020, sales of electric and plug-in hybrid vehicles in China continue to lead the region. Over the forecast period, top automakers intend to invest in and increase production capacity across the nation.

Additionally, China is still one of the biggest markets in the world for the electric sector, making it a lucrative market for lead-acid battery producers. In addition, the market will grow as a result of investments in the automotive and power utility industries and the country’s swift economic modernization.

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Demand for Lead Acid Batteries Is Increasing in the U.S.

Over the forecast period, demand is anticipated to grow at a rate greater than 4% CAGR. Lead acid battery sales have flourished in the U.S., both in terms of supply and demand.

Lead acid batteries are expected to be in high demand in the United States, which is known as a major market for the electronic and automotive industries, throughout the forecast period.

Additionally, the production capacity of American manufacturers has increased as a result of technological advancements in the twenty-first century. Because of R&D initiatives, the presence of several significant players, and rising production capacities, lead acid battery sales in the country are seeing favourable opportunities.

Government Programs Increase Lead Acid Battery Sales in India

India will be responsible for more than 44% of sales in South Asia and the Pacific in 2021. Sales opportunities in India have been boosted by government initiatives to link rural and urban areas with networks for electric vehicle transportation and actions taken to make quality and affordable modes of transportation accessible.

India, which is regarded as one of the world’s top automotive manufacturing nations, is expected to increase its production of electric vehicles. India will benefit from a focus on reducing carbon emissions from vehicles and the implementation of strict regulations as a result.

Driving Sales in Japan’s Lead Acid Battery Market

One of the world’s major producers of automobiles is Japan. It is anticipated that by 2031, it will represent more than 26% of lead acid battery sales in East Asia.

The adoption of cutting-edge technologies in the Japanese automotive sector aims to reduce overall spending, energy use, and maintenance costs. As a result, lead acid battery sales in the country now have appealing opportunities.

Japan has a large number of small and large-scale manufacturers, which has contributed to the overall growth of the lead acid battery market.In addition, the market for lead-acid batteries is benefiting from the presence of numerous end users. Therefore, expansion in Japan is assured throughout the forecast period due to the increasing demand from various sectors, including the power utility industry.

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The Competitive Landscape of the Lead Acid Battery Market

Companies operating in the lead acid battery market are aiming at strategic collaborations and partnerships with other manufacturers to expand their manufacturing capacity. For instance,

  • In March 2019, GS Yuasa Corporation announced that GS Yuasa International Ltd. launched a new automotive lead-acid storage battery plant operated by equity method affiliate, GS Yuasa Akü Sanayi ve Ticaret Anonim Sirketi (“IGYA”) in Manisa Province, Turkey.
  • In February 2020, the company announced the launch of its SNS-TN series of valve-regulated stationary lead-acid batteries.
  • In July 2020, Blink Charging and Enersys collaborated to develop high power inductive/wireless and enhanced DC Fast Charging Systems with energy storage options for the automotive market.
  • In January 2021, EnerSys is teaming up with TravelCenters of America (TA) to offer Odyssey Performance and NorthStar PRO Group 31 batteries for heavy-duty applications in all TA locations throughout the United States.

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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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Optical Current Transformer Market Is Forecasted To Be Valued At US$ 322.7 Mn By 2032 | Exclusive Report by FMI

The global optical current transformer market is forecasted to be valued at US$ 322.7 Mn by 2032, up from US$ 145.4 Mn in 2022, advancing at a CAGR of 8.3% during the forecast period. The dispensable requirement of oil and gas insulation promotes the growth of the optical current transformer market share.

Due to their smaller size and lighter weight, optical current transformers continue to be in demand. The adoption of the optical current transformer is not motivated by any improved safety failure mechanism. Sales of optical current transformers increase due to their high accuracy for metering over a wide range of primary currents.

Due to its cutting-edge features and advantages in terms of regulations, magneto optical current transformers are preferred over fibre optical current transformers in terms of market growth.

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The optical current transformer market share is expanded by providing device protection and resistance to electromagnetic interference introduced by the ground loop. Because of its small size and low cost, the optical current transformer market share is growing.

Competitive Landscape

Some of the key market participants in the optical current transformer market are ARTECHE, TRENCH Group, Asea Brown Boveri (ABB) Group Ltd., GE Grid Solution, SIEMENS AG, JSC PROFOTECH, Beijing Daelim Green EP Tech Co., NR Electric Co., T&D, Pfiffner, RITZ INSTRUMENT TRANSFORMERS GMBH, Emek Elektrik Endustrisi, Indian Transformers, Koncar Power Transformers Ltd., DYH (Activ1 Technology Co. Ltd.), Dalian Beifang, Daelim Belefic, KA Factor Group, EnglishCo LLC, Netico GmBH, Qoitech AB, DeepStream Technologies Ltd., Hangzhou Anmaisheng Intelligent Technology Co. Ltd., etc.

They assist in increasing revenues and expand product offerings in standardised form by introducing R&D activities and strategies that encourage expansion, collaboration, and development with other firms.

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Some of the recent developments in the optical current transformer market are:

  • In 2018, Profotech became a resident of the special economic zone ‘Technopolis Moscow’ and set up serial production.
  • In 2022, ARTECHE participated in the hackathon ‘2022-Weetbe’, innovating in the asset management of the High Voltage Power Grid.
  • In May 2022, Hunan 500kV Shuicheng substation was successfully put into operation to realize the remote “one key sequence control” function.
  • In December 2020, NR Electric Co. independently developed the complete set of voltage sag control equipment based on high-speed switch, and successfully passed the full set type test of Xi’an High Voltage Apparatus Research Institute and its performance was fully certified by authority.

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The increasing use of high voltage devices in transmission, distribution, and power generation drives optical current transformer sales.

The use of optical current transformers is increasing as industries encourage the increased use of computerised control techniques and digital devices. The brittleness and device damage of conventional transformers increases demand for optical current transformers.

The provision of resistance in high voltage operations increases the size of the global optical current transformer market. The inefficiency of inductive type current transformers or porcelain insulators forces power stations and substations to use optical current transformers.

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https://theprose.com/post/524112/industrial-filtration-market-report-size-growth-demand-scope-opportunities-and-forecast-2022-2032

https://penzu.com/journals/26115562/81580789

https://www.promorapid.com/read-blog/283346

https://www.slideshare.net/DeepleshPawar/industrial-filtration-market-share-development-by-companies-outlook-growth-prospects-and-key-opportunities-by-2032-says-fmi-analyst

https://issuu.com/sonufmi/docs/industrial_filtration_market.docx

Pipette Tips Market is projected to surpass USD 1.47 Billion by 2032

[333 Pages Report] The pipette tips market is worth USD 680.40 million in 2022 and is expected to grow at an 8.0% CAGR from 2022 to 2032 to reach USD 1.47 billion by 2032.

Constant product innovation, rising demand for R&D, and an increasing number of healthcare settings, diagnostics, and liquid handling systems are key drivers driving pipette tips market growth as well as the pipette tips market opportunities.

Attributes Details
Pipette Tips Market CAGR (2022-2032) 8.0%
Pipette Tips Market Size (2022) USD 680.40 million
Pipette Tips Market Size (2032) USD 1.47 billion

Furthermore, there has been an increase in the number of innovations in this product category, which is fuelling demand for pipette tips. Pipette tips, such as wide orifice tips, gel loading tips, standard, filtered, low-retention pipette tips, and so on, saw a significant increase in demand for pipette tips following the emergence of COVID-19 in 2020, as they were among the critical laboratory devices used to detect the virus’s presence.

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The filter tips product type segment of the pipette tips market in the United States is expected to grow at the fastest CAGR during the forecast period. The robotics segment had the largest pipette tips market share.

The demand for pipette tips increased dramatically as a result of the COVID-19 outbreak, as daily testing at diagnostic centres for infection detection increased influencing the pipette tips market adoption trends. However, many supply chain bottlenecks were encountered as demand for pipette tips outstripped supply.

Revenue from sales of pipette tips market increased significantly in the second half of 2020, particularly in the United States and Europe. Manufacturers of pipette tips are constructing a new plant for high-quality laboratory consumables made of functional high-tech polymers which will positively affect the pipette tips market key trends and opportunities as well as the pipette tips market future trends.

Eppendorf stated in its 2021 annual pipette tips market report that sales of pipette tips majorly its robotic pipetting systems have increased and have more than doubled since 2020. This suggests that demand for pipette tips notably robotic pipettes will rise as well along with the constructive effect on the pipette tips market future trends.

KEY TAKEAWAYS:

  • The standard product segment dominates the pipette tips market in product insight. It accounts for 32.5% of total revenue and is expected to grow at a healthy rate in the future.
  • In terms of technology insight, the non-robotic pipette tip segment is anticipated to have highest revenue in the pipette tips market share of 56.4% through 2032 and is expected to grow significantly during the forecast period.
  • In terms of application insight, the pharma and biotech segment dominates the pipette tips market, accounting for 32.3% of total revenue. The segment is expected to grow at the fastest CAGR during the forecast period, maintaining its leading position in the pipette tips market.
  • North America dominates the pipette tips market, accounting for 37.5% of the total revenue.

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COMPETITIVE LANDSCAPE:

New market research report on pipette tips will offer valuable insight into the market, with a focus on some of the major players such as Thermo Fisher Scientific, Sartorius AG, CORNING INC., Mettler Toledo, Tecan Trading AG, Hamilton Company, Eppendorf AG, and others.

Pipette tips market participants’ key strategic initiatives include new product development, collaborations, regional expansions, and mergers.

RECENT DEVELOPMENT:

Collaboration:

  • Moderna, Inc., a biotechnology company pioneering messenger RNA (mRNA) therapeutics and vaccines, and Thermo Fisher Scientific Inc. announced a 15-year strategic collaboration agreement in 2022 to enable dedicated large-scale manufacturing in the United States of Spikevax, Moderna’s COVID-19 vaccine, and other investigational mRNA medicines in its pipeline, resulting in increased use of essential lab supplies such as pipette tips.

Expansion:

  • Thermo Fisher Scientific announced a $140 million investment to expand its laboratory plastics disposables production in order to meet global demand for pipette tips during COVID-19 testing, as well as for the development and manufacturing of therapies and vaccines.

Acquisition:

  • Sartorius has acquired Biological Industries Ltd., a manufacturer of cell culture and molecular biology research products.

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Key Segments

By Product:

  • Standard
  • Filtered
  • Low-retention
  • Others

By Technology:

  • Robotic
  • Non-robotic

By Applications:

  • Diagnostics and Healthcare
  • Pharma and Biotech
  • Academia and Education
  • Others

About FMI:

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

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Residential Boiler Market Growing At A CAGR Of 5.4% Between 2022 And 2032 | Says FMI

According to Future Market Insights, the global residential boiler market is anticipated to grow significantly during the forecast period (2022-2032). This due to increasing demand for advanced home appliances in residential sector across the globe.

Demand for residential boilers is anticipated to be driven by the growing demand from real estate sector in the U.S., Germany, India, and China. According to the Future Market Insights report, the global residential boilers market is expected to reach US$ 29.5 Bn in 2022, growing at a CAGR of 5.4 % from 2022 to 2032.

During the projected period, the demand for space heating and water heating household equipment is expected to rise along with government development plans, new construction projects, and need for a comfortable lifestyle.

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Key Takeaways of Residential Boiler Market Study

  • Residential boilers with capacities under 24 kW are anticipated to rise at a CAGR of 4.8 % during the projection period.
  • By technology, the condensing residential boiler segment will account for more than 70% of the global market.
  • In terms of fuel type, gas is anticipated to account for more than 74% of the global market share.
  • Based on application, the apartment segment is anticipated to expand at a value CAGR of 5.1% by 2032.

“Demand for residential boilers is projected to surge with expansion of real estate market. Shifting lifestyle preferences, governmental regulations, and real estate development plans will propel the demand in the market. To capitalize on growing demand key companies are increasing investment in technological advancements for product enhancement and after-sales service.” says Future Market insights analyst

Competitive Landscape

Top manufacturers are dominating the residential boiler market globally, which is highly consolidated. Market players are attempting to increase their market share by creating new products and upgrading existing product lines due to technological advancements.

Some of the companies are collaborating to expand their market-based sales channels while concentrating on providing consumers a network of post-purchase services. Additionally, key supply trends like the introduction of new products and significant investments in R&D are followed by producers of residential boilers. Ariston Thermo Group, Groupe Atlantic, Vaillant Group, and Viessmann are a few of the major companies in the sector.

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Find More Valuable Insights

The research report analyzes the market demand trends of residential boilers. The Egypt market estimation and growth projection is based on factors like end use industries development, COVID-19 crisis impact, replacement ratio, and adoption rate of residential boilers. As per Future Market Insights research scope, the residential boilers Market has been studied and segmented on the basis of product capacity and end-use. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, supply side and demand side.

About FMI – Industrial Automation

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

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3D Surgical Microscope Systems Market value of US$ 1109.9 Million in 2022 | FMI

3D surgical microscope system is an electrically or mechanically worked optical magnifying instrument intended for use in surgical settings for performing microsurgeries. The mix of focal points give stereoscopic vision, amplification going from 4x – 40x, and enlightened picture of the surgical zone. It has replaced the traditional workflow of slides and microscope. By digitizing slides, surgeons are able to examine high resolution digital images with the help of precision tools. Using these system, images can be stored in a computer, send to another person and thus improve the workflow. This technology helps in more precise diagnosis by facilitating accurate and timely diagnosis, patient-centric information, eliminate time consuming analog tasks and enhancing the overall lab performance.

These systems helped the patients to receive better care and transforming healthcare organizations. Strain-free procedures, easy sterilization or disinfection to avoid cross infection prove to be helpful in increasing the diagnostic efficacy. With the growing cases of infections and diseases, it has become important to visualize each and every molecular aspect. 3D surgical microscope systems have finds its use in all the phases of drug discovery, education, clinical and research and thus has made the overall surgical workflow more efficient and effective. These 3D surgical microscope systems are instinctive solution that benefits various surgeons, healthcare professionals and entire healthcare enterprise. Shift from glass to the digital system opens the way for next generation tools such as advanced image analysis & algorithms. It also helps in new data integration like genomic and molecular testing thus leading to precise and personalized treatment plans.

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3D Surgical Microscope Systems Market: Drivers & Restraints

Rising disease incidences, infection rates, increasing demand of improved diagnostic techniques, increasing spending on healthcare, government funding, rising R&D efforts are some of the factors driving the overall market of 3D surgical microscope systems. The creative present-day surgical magnifying instruments can be set on a tabletop, worn by the specialist on the head or mounted on a stand, which empowers the specialist and patient to pick up a superior perspective of the objective site. The 3D surgical microscope systems discovers its applications in dentistry, gynecology, ophthalmology urology, neurosurgery, spine surgery, oncology, reconstructive surgeries, and so on. Likewise, according to WHO insights, growth was the main driver of 8.8 million deaths in 2015. The previously mentioned number is anticipated to ascend by around 70% by 2035, which, thus, is relied upon to increase the interest for 3D surgical microscope systems in the worldwide market. Innovative progressions as far as improved perceivability, compactness, and steadiness are relied upon to be the key variables driving overall growth of the market.

A portion of the mother factors driving the growth of the 3D surgical microscope systems incorporate the wide utilization of fluorescence picture guided surgery (FIGS), ascend in number of ophthalmic and dental surgeries, progressions in customized microscopy solutions and healthcare facilities. Popularity of 3D surgical microscope systems in hospitals, diagnostic centers and research organizations are surging the market.  High capital investment and maintenance cost curbs the growth. Less number of highly skilled operators, stringent regulatory compliance, sampling error also limits its expansion.

3D Surgical Microscope Systems Market: Overview

A large number of key players in the market and established brands increasing the competition. New technologies in this sector are cutting edge for the market. Strategic mergers and partnerships between companies and academic institutions are also booming the growth. Significant technology gains led to the adoption of innovative imaging systems technology in the global market. Rising demand by various end users because of increasing adoption of this technology increases its market. Diagnosis applications is accounted to be the largest segment in terms of revenue generating.

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3D Surgical Microscope Systems Market: Region-wise Outlook

With high technological advancements, and research activities in the molecular diagnostics, North America dominates the world market followed by Western European nations. Quality diagnostics, favourable reimbursement scenario, government funding, established players in the market, availability of trained technicians in these regions creates the established market for 3D surgical microscope systems. . Japan is expected to be the next lucrative market for digital surgical manufacturers. With respect to growth rate, Asia Pacific is leading because of growing economies, increasing advanced surgical procedures & research activities, increasing patient pool and improving healthcare opportunities.

3D Surgical Microscope Systems Market: Key Players

Some of the key players for 3D surgical microscope systems market include Leica Microsystems, Olympus Corporation, TrueVision 3D Surgical, Inc., Alcon and others.

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

The report covers exhaust 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 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 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.

3D Surgical Microscope Systems Market: Segmentation

Segmentation by Product Type

  • Ear, Nose, Throat (ENT) Microscopes
  • Ophthalmic Microscopes
  • Colposcopy
  • Others

Segmentation by Application

  • Neuro and Spine Surgery
  • Plastic and Reconstructive Surgery
  • Oncology
  • Ophthalmology
  • ENT Surgery
  • Gynecology and Urology
  • Dentistry

Segmentation by End Users

  • Hospitals
  • Diagnostic Laboratories
  • Research Organizations
  • Research Institutes
  • Others

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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

About FMI:

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

Contact Us:
Future Market Insights,
Unit No: 1602-006,
Jumeirah Bay 2,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers,
Dubai,
United Arab Emirates
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Website: https://www.futuremarketinsights.com
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Airbag Control Unit Sensor Market Forecast To Grow At A CAGR Of 6.7% | Future Market Insights

Global Airbag Control Unit Sensor demand is anticipated to be valued at US$ 590.3 Million in 2022, forecast to grow at a CAGR of 6.7% to be valued at US$ 1,127.6 Million from 2022 to 2032. Growth is attributed to an increase in the number of traffic mortalities rates.

The control/sensor unit for the airbags helps with collision detection. Activate the airbags to protect a passenger from a collision. Before activating the appropriate restraint frameworks, the airbag control unit detects and evaluates the severity of an accident. Information for the device is provided by up to six crash sensors. This includes sensors for increasing speed as well as a sensor for rotational speed.

These readings are used to evaluate and examine the signals from other sensors. The airbag control unit and a new additional system are then informed of the crash signals, which activate the hazard lights and interior lights, shut off the fuel pump, and stop the engine. According to the type of accident, the restraint systems are further improved to be the most effective.

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Global Airbag Control Unit/Sensor: Market Dynamics 

The factors such as a rise in the number of traffic fatalities rates are accelerating demand for safety measures leads to the growth of Airbag control unit/sensor market. Moreover, safety regulation implied by government and rise in life expectancy leads to an increase in airbags control unit/sensor market.

Macroeconomic factors such as an increase in disposable income lead to investing people toward more of safety features in the vehicles result in the overall growth of the airbag control unit/sensor market. In addition to it increasing consumer awareness towards safety equipment leads to the growth of Airbag control unit/sensor market.

Further Airbag control unit on two-wheelers may provide an opportunity for the market leaders to grow in the future.

The airbag control unit/sensor is high quality, reliable and is of low cost and also comply with automotive functional safety standards. An Airbag Control Unit is for commercial vehicles needs to meet all the diverse market and customer prerequisites around the world.

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Market Competition

Some of the key participants present in the global Airbag Control Unit Sensor market include AUTOLIV, ZF Friedrichshafen AG, Ashimor, Takata Corporation, KSS, Toyoda Gosei Co. Ltd., Hyundai Mobis, Nihon Plast Co. Ltd., and Jinheng, among others.

Attributed to the presence of such high number of participants, the market is highly competitive. While global players such as AUTOLIV, ZF Friedrichshafen AG, Ashimor, and Takata Corporation account for a considerable market size, several regional level players are also operating across key growth regions, particularly in the North America.

To accomplish these particular necessities in a commercial way, the SPEED idea i.e. Safety Platform for Efficient and Economical Design officially utilized widely for airbag control units in passenger vehicles has been adapted to the particular commercial vehicles requirements.

The electrical arc segment made between both pins activates a propellant which is comprised of sodium azide that begins to consume and radiate nitrogen gas, and the gas begins to fill the airbag.

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Key Segments Profiled In The Airbag Control Unit Sensor Industry Survey

Airbag Control Unit Sensor Market by Sensor Type:

  • Mass Type Airbag Control Unit Sensor
  • Roller Type Airbag Control Unit Sensor

Airbag Control Unit Sensor Market by Airbag Type:

  • Driver Airbag Control Unit Sensor
  • Passenger Airbag Control Unit Sensor
  • Knee Airbag Control Unit Sensor
  • Curtain Airbag Control Unit Sensor
  • Side Airbag Control Unit Sensor
  • Roll-over Airbags Control Unit Sensor
  • External Airbags Control Unit Sensor
  • Seatbelt Airbags Control Unit Sensor
  • Medical Airbags Control Unit Sensor

Airbag Control Unit Sensor Market by Vehicle Type:

  • Airbag Control Unit Sensors for Passenger Cars
    • Compact
    • Mid-sized
    • Premium
    • Luxury
  • Commercial Vehicle/Light commercial vehicle
  • Heavy Commercial Vehicles

Airbag Control Unit Sensor Market by Region:

  • North America Airbag Control Unit Sensor Market
  • Latin America Airbag Control Unit Sensor Market
  • Europe Airbag Control Unit Sensor Market
  • Asia Pacific Airbag Control Unit Sensor Market
  • Middle East & Africa Airbag Control Unit Sensor Market

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