Industrial Noise Control Market Forecast Potential Growth, Share, Demand and Analysis of Key Players – Forecasts to 2028

At the end of 2021, the market for industrial noise control market forecast was estimated to be worth $5,529.1 Mn USD. By 2028, the market is anticipated to grow at a 4.6 percent CAGR and reach a peak value of US $7,550.0 Mn. Manufacturers are concentrating on using new materials for industrial noise control solutions due to the continuously growing demand for noise control solutions.

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

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

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

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

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

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

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

Vibration Isolation Units Highly Sought-After

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

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

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

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

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

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

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

Demand for Industrial Noise Control Units Consolidates in Manufacturing Sector

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

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

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

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

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

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

Global Industrial Noise Control Market by Category

By Material Type:

  • Polymer & Composite
  • Glass
  • Metal
  • Fabric

By Product Type:

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

By Application:

  • Internal Noise Control
  • External Noise Control

By End Use:

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

By Region:

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

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Tool Holders Market demand 2022 | Current and Future Demand, Analysis, Growth and Forecast By 2032

The global tool holders market demand to grow with a year-on-year growth of 5.2% in 2022 reaching a value of about US$ 1,173.4 Mn by 2022 end. Tool holders are necessary for connecting high-speed tools such as drills, taps, and milling cutters to a machine in an efficient and safe manner.

It is very crucial in mechanized procedures that need high degrees of precision. This is due to the fact that they serve as the link between a tool and a machine. Product quality, machine life span, and process noise are all affected by the tool holder used in high-precision mechanized operations. The global business is anticipated to witness a considerable value CAGR of 5.4% during the period between 2022 and 2028.

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FMI has identified North America to remain a key market for tool holders over the forecast period owing to increasing demand from end-use applications. The region is estimated to witness a value of CAGR 4.3% in the industry of Tool Holders. Global tool holders market is expected to account for about 1.5% of the global machine tool market.

Key Market Insights at a Glance:

  • The demand for tool holders is anticipated to grow at a moderate pace over the forecast period.
  • Asia Pacific is estimated to hold a prominent share of the global tool holders market.
  • Initiatives by regional governments are likely to encourage the movement of low-cost manufacturing towards parts of South-East Asia, thereby creating healthy growth prospects create healthy growth opportunities in Asia Pacific region.
  • China will remain the largest consumer of machine tools, followed by U.S.
  • The tool holders market is consolidated with Tier-1 players accounting for significant shares.
  • The top three players of the market are estimated to account for more than a 50% market share.
  • On the basis of types of tool holder, hydraulic tool holders segment is slated to remain a high value – high growth segment.
  • In terms of end-use, general machining and fabrication and the automotive industries are likely to push maximum revenue into the tool holders market. The two end-use industries are estimated to collectively account for around 47% value share in the global tool holders market.
  • BT Flange Taper will remain the most preferred taper type among CNCers, in terms of volume and value, given its high degree of accuracy and precision, in any high-speed machining operations.

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Takeaways from Competitive Landscape Analysis

  • In a moderately consolidated landscape, tier-1 companies such as Kennametal Inc., Sandvil AB, and BIG DAISHOWA Group among others hold approximately 55-65 percent market share.
  • Tier-2 companies, on the other hand, hold nearly 35-45 percent market share. Such companies include Guhring, Inc., CERATIZIT GROUP, KYOCERA UNIMERCO A/S, Kemmler Precision Tools GmbH, and Haimer GmbH among others.
  • Key players are projected to focus on enhancing product quality by implementing new technologies, tough and long-lasting equipment and consumables materials with added features at a competitive price.
  • Top companies are also looking to target major manufacturing industries such as metal fabrication and automotive by offering high cutting accuracy with increased productivity.

 Laser Cutting Technologies Could Restrict Tool Holder’s Sales

Laser cutting, a streamlined and precision manufacturing process, is likely to pose challenges for tool holders given its ability to not just cut materials but also apply finish to a product. Apart from lower risks of material deformation or warping, since there is no direct contact between the material and the laser cutting device, chances of incorrect markings and contamination further reduces. Although laser cutting could be technically challenging and costly, end-use industries demanding high cutting precision such as automotive, are projected to replace traditional tool cutting equipment. However, high market penetration of relatively low cost tool holders

Key Segments

By Taper Type:

  • R8
  • Morse Taper
  • V-Flange Taper
  • BT Flange Taper

By Tool Holders Type:

  • Collet Chuck
  • End Mill Holders
  • Hydraulic Tool holders

By Machine Type:

  • CNC Machining Centre
  • CNC Turning Centre

By End Use:

  • Automotive
  • Aerospace & Defence
  • Electronic
  • General Machining & Fabrication

By Region:

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

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Stainless Steel Welded Pipe Market analysis 2022 Expectations & Growth Trends Highlighted Until 2031

This interesting finding is taken from a recent market research study by Future Market Insights on the global market. According to the report, revenue from the sales of stainless steel welded pipes market analysis is projected to reach a whopping US$ 20.9 Bn by 2028, from an estimated US$13.5 Bn in 2018. This is indicative of a growth rate of 4.5% during the 10 year period from 2018 to 2028.

Stainless steel is currently the most preferred raw material used to manufacture pipes, owing to its less corrosive and easy-to-fabricate nature. However, carbon steel or mild steel has certain inherent advantages over stainless steel – carbon steel has more strength, is more malleable, and provides better thermal conductivity than stainless steel. Owing to these factors, carbon steel is slowly being preferred over stainless steel in the manufacturing of heavy equipment. Advancements in welding and fabrication technology may lead to increased adoption of carbon steel over stainless steel, thereby negatively impacting revenue growth of the stainless steel welded pipes market.

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Increasing Adoption of Recycled Stainless Steel and Rising Use in Pre-Engineered Buildings Trending the Global Stainless Steel Welded Pipes Market

There has been a rising adoption of scrap metal including scrap iron and steel in the production of steel in countries such as China and India in keeping with global initiatives to reduce the carbon footprint. Recycled steel is being widely used across industries to eliminate the need for mining newer reserves of iron ore and also to reduce air pollution by eliminating carbon dioxide emissions. This positive approach of the iron and steel industry towards managing global warming is being observed as a key trend in the stainless steel welded pipes market.

In the last few years, pre-engineered buildings have become a critical component of both the industrial and commercial sectors globally. Stainless steel is an important raw material used to construct pre-engineered buildings. Rapid industrialisation and the resulting urbanisation is leading to rapid growth in the construction of pre-engineered buildings, thereby fuelling demand for stainless steel. This factor is expected to bode well for the growth of the stainless steel welded pipes market.

Another trend being observed in the global stainless steel welded pipes market is the use of stainless steel pipes in distributing drinking water. The good strength, grade resistance, corrosion resistance, ductile nature, and mechanical properties of stainless-steel make it ideal for constructing pipes that carry drinking water. This is driving the demand for stainless steel welded pipes in the water distribution and transportation industry across the world.

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Burgeoning Global Construction Industry and Growth of Water and Wastewater Management to Boost Revenue Growth of the Stainless Steel Welded Pipes Market

Rapid industrialisation has led to mass urbanisation across the globe, leading to an increase in demand for both residential and commercial properties. This has fuelled investments in the global construction sector, consequently upping the demand for stainless steel welded pipes. Further, instrumentation equipment, industrial piping, water supply and transportation, and petrochemicals require complex piping solutions that necessitate the use of stainless steel welded pipes. This factor is expected to augur well for revenue growth of the global stainless steel welded pipes market in the near future.

Urbanisation brings with it rising demands for clean and pure drinking water and the governments of several developing countries are moving towards the use of stainless steel pipes in the installation of water pipelines for both domestic consumption and agricultural purposes. Governments across the world are also planning strategic initiatives pertaining to wastewater management to reduce water pollution and improve the quality of water by setting up effective industrial wastewater collection systems that incorporate stainless steel welded pipes. This is further expected to push revenue growth of the global stainless steel welded pipes market in the coming decade.

Table Of Content

1. Executive Summary

1.1. Market Overview

1.2. Market Analysis

1.3. FMI Analysis and Recommendations

1.4. Wheel of Fortune

2. Market Introduction

2.1. Market Definition

2.2. Market Taxonomy

3. Stainless Steel Welded Pipes Market Background

3.1. Macro-Economic Factors

3.2. Global Economic Outlook

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Bridge Bearings Market keytrends 2022 Assessment and Key Insights Analyzed Till 2028

The presence of numerous global as well as regional players has led to widespread fragmentation in the global bridge bearings market keytrends. With increasing adoption of bridge bearings in the global construction sector, players in the market are focussing on strengthening their base in the early stages of product development.

A new report from leading research firm Future Market Insights examines the global bridge bearings market’s growth trajectory over a six-year period, from 2022 to 2028, and sheds light on the current market structure and key strategies employed by the leading market players.

According to the research, revenue from bridge bearing sales is expected to reach US$ 935.0 Mn by the end of 2028, up from an estimated US$ 586.2 Mn by the end of 2022, registering a CAGR of 4.8 percent over the forecasted 10-year period 2022–2028.

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Future Market Insights’ Recommendations for Market Players

The report reveals that China is currently the most prominent regional market for bridge bearings. Growth in the production of steel in China has led to increasing demand for bridge bearings and this demand is anticipated to remain on an upward swing in the coming decade.

Increasing investments in transportation infrastructure in the countries of Latin America and Middle East & Africa is further expected to lead to a surge in sales of bridge bearings in these two regional markets. With manufacturers of bridge bearings looking to expand strategically across key regional markets, Future Market Insights recommends key players to pump in investments in the developing markets of China, MEA, and Latin America.

Mergers and acquisitions are a key strategy adopted by market players, and according to Future Market Insights’ analysis, M&A activities in developing markets will help manufacturers of bridge bearings expand their product offerings.

Boost in Governmental Investments Towards Global Infrastructure Projects and Growth in Construction Activities to Create Lucrative Opportunities for Manufacturers of Bridge Bearings

Rapid urbanisation at the global level has led to a burgeoning expansion of the construction sector across the world. Governments of both developing and developed economies are greenlighting multiple construction and infrastructural projects to strengthen commercial and transportation infrastructure development. This is anticipated to boost global demand for bridge bearings in the construction sector.

Further, a growing demand among the population in China, Europe, U.S, and the Middle East for amusement parks, luxury sports venues, and other leisure activity establishments is fuelling revenue growth of the bridge bearings market. Manufacturers of bridge bearings will witness sustained growth in future if they leverage the numerous opportunities created in the global market and enhance their product portfolio.

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Emergence of Global Bridge Preservation Partnerships and Increasing Use of Neoprene Elastomeric Bridge Bearings Trending the Bridge Bearings Market

One of the trends observed in the bridge bearings market is the emergence of several partnerships at the global level to maintain the integrity of existing as well as new bridges. The main objective of these collaborations is to reduce/delay/prevent deterioration of bridges, restore the core functionalities, and maintain the bridge structure in good condition to ensure enhanced performance spanning several years.

The American Association of State Highway and Transportation Officials (AASHTO) is involved in the R&D of advanced tools and methodologies to extend bridge life through preservation treatments and construction best practices. This association further promotes the use of seismic force resistant products such as bridge bearings in the U.S. The Europe based National Cooperative Highway Research Program – in partnership with the AASHTO – focuses on bridge evaluation and the necessary quality control checks.

Key Segments Covered in the Bridge Bearings Industry Study

Bridge Bearings by Material Type:

  • Steel Bridge Bearings
  • Rubber and Combined Bridge Bearings

Bridge Bearings by Design Type:

  • Elastomeric Bridge Bearings
  • Pot Bridge Bearings
  • Sliding Plate Bridge Bearings
  • Roller Bridge Bearings
  • Spherical Bridge Bearings
  • Disc Bridge Bearings
  • Other Bridge Bearings

Bridge Bearings by Region:

  • North America Bridge Bearings Market
  • Latin America Bridge Bearings Market
  • Europe Bridge Bearings Market
  • South Asia and Pacific Bridge Bearings Market
  • East Asia Bridge Bearings Market
  • Middle East and Africa Bridge Bearings Market

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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 6-years.

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Electrical Enclosure Market review Insights, Deep Analysis of Key Vendor in 2022-2028

Future Market Insights delivers key insights on the global electrical enclosure market review a new publication. Among the end use segments in the electrical enclosure market, the industrial segment is expected to expand at a significant CAGR in terms of value as well as volume over the forecast period. The long-term outlook on the global electrical enclosure market remains positive with the market value expected to increase at a CAGR of 4.9% during the forecast period (2022-2028).

In this report, Future Market Insights throws light on the various drivers and restraints likely to impact revenue growth of the market during this period.

Global sales revenue of electrical enclosures is estimated to be valued at US$ 62.22 Bn by the end of 2028. China is estimated to account for a value share of 37.1% in the global electrical enclosure market by 2022 end and is anticipated to retain its dominance throughout the forecast period.

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Rapid Growth of Renewable Power Generation Key Growth Driver

Most of the end users are now shifting their focus to alternative forms of power or energy rather than depending on energy generation by fossil fuel operated power generators. These alternative forms of energies – for instance, wind power, solar power and other forms of renewable energy are gaining popularity among all types of end users. Additionally, carbon emission and dependency on fossil resources is increasing day-by-day.

Thus, in order to control this dependency, usage of renewable energy sources such as wind and solar energy is likely to be the new trend in the energy and power industry. Establishment of these power generation facilities will increase the demand for electrical enclosures in the upcoming years. Many countries such as the U.K. and Germany among others, are planning to adopt renewable energy sources, which is expected to further increase the demand for electrical enclosures for transmission and distribution.

Capacity Addition Plans and Installation of New Grids to Power the Electrical Enclosure Market

The governments of various countries have planned to make huge investments on numerous projects to provide better electricity services. For instance, the government of Russia has devised plans such as the GOELRO plan, Russian SFSR Electrification Plan, and Railway Electrification Plan among others, for establishing new power grids to provide electricity in the rural areas of the country. These plans are being supported by the State Commission for Electrification of Russia. Also, the government is focussing on installing new transmission lines in order to create a national grid and also to develop railway electrification, which will in turn boost the demand for electrical enclosures. These planned investments across various sectors such as infrastructure, power, and railways among others, will drive significant growth in the electrical enclosure market.

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Need for Integration of Grid Infrastructure

Increasing transmission and distribution activities across the globe have increased the demand for installations of enclosures, which in turn, is driving the market of electrical enclosures. Transmission and distribution expansion, along with urbanisation, is necessary for the development of industrial and manufacturing sectors. Some countries, such as GCC countries and Turkey have the potential to become the hub for many manufacturing industries, which will increase the demand for electrical enclosures owing to rapid industrialisation. By material type, metallic enclosures will witness supreme demand as they have a longer life and reduce the risk of fire hazards. Climate control enclosures can work in extreme climatic conditions and are ideal for use in several regions, thereby driving demand in the global market.

Segmentation Analysis

The electrical enclosure market is segmented on the basis of product type into junction enclosure, disconnect enclosure, operator interface enclosure, environment and climate control enclosure and push button enclosure.

On the basis of product type, the junction enclosure segment is anticipated to continue to dominate the global market in terms of value over the forecast period. The junction enclosure segment is estimated to grow at a relatively high CAGR as compared to other types over the forecast period. It is expected to represent a total incremental opportunity of US$ 1,691.2 Mn between 2022 and 2028.

Regional Market Projections

The electrical enclosure market in China is expected to represent significantly high incremental opportunity between 2022 and 2028, while the North America electrical enclosure market is projected to expand at a significant CAGR in terms of volume over the forecast period. Sales of electrical enclosures in North America is expected to represent a total incremental opportunity of US$ 523.3 Mn between 2022 and 2028.

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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 6-years.

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Combi Ovens Market overview : Notable Developments & Geographical Outlook 2022 to 2027

According to FMI, the global combi ovens market overview is anticipated to witness a CAGR of 10.3% over the course of the forecast period. For instance, people in China and the U.S. majorly consume fried items, whereas people in Europe make bakery, fried, and roast as their preference.

The rising demand for combi ovens has compelled manufacturers to approach the market with heavy and medium capacity combi ovens in order to serve hotels, institutions, and commercial kitchens.

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In a bid to maintain the combi ovens market sustainability amidst increasing competition, Tier 1 players are engaged in expanding manufacturing capacities and strengthening regional presence. For instance, Electrolux, in 2017, acquired Continental Brand in Latin America with an aim to strengthen Electrolux’s growth in the Latin America region.

The growing demand from the foodservice industry and the need for more productive cooking methods are expected to be the core drivers for the global combi ovens market in the coming years. With the growth in economy and increment in the disposable income of people, people now endeavour to spend more on items that can fulfil their desires such as a luxury car, an apartment, or on the food and beverages they desire to eat or drink.

Humans are inquisitive in nature, and have the tendency to explore new things and new varieties of food to taste, which has thus pushed culinary specialists or chefs to come up with new types of cooking methods. Combi oven is best for cooking meat owing to the reason that the heat in the chamber does the majority of the cooking and the moisture in the oven prevents the meat from drying out and also increases its consumable life.

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Combi ovens are a perfect alternative for cooks when they are in the need to serve food in quick service restaurants or serve bulk orders. In this way, combi ovens are in great demand in inns, hotels, restaurants, eateries, and at other food outlets. The development of the foodservice sector across the globe is expected to bode well for the progression of the global combi ovens market.

Key Market Players

Key market participants are focusing on enhancement of their medium-term expansion strategy, product portfolio strategy, and mergers with regional distributors to expand their business. The players operating in the market are Alto-Shaam Inc., Electrolux AB, Fujimak Corporation, The Middleby Corporation, Retigo S.R.O, and Dover Corporation, among others.

Global Combi Ovens Market by Category

By Product Type, the Global Combi Ovens Market is segmented as:

  • Steam Generated
  • Boilerless

By Power Unit, the Global Combi Ovens Market is segmented as:

  • Gas
  • Electric

By Capacity, the Global Combi Ovens Market is segmented as:

  • Low
  • Medium
  • Heavy

By End-use, the Global Combi Ovens Market is segmented as:

  • Hotels & Restaurants
  • Bakery Stores
  • Retail Outlets
  • Domestic & Institutional
  • Commercial Kitchens

By Region, the Global Combi Ovens Market is segmented as:

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

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Referral Marketing Software Market Glorious Opportunities, Business Growth, Size, And Statistics Forecasts Up To 2032

The Global Referral Marketing Software Market was valued at US$ 302 Mn in 2021 and is expected to reach US$ 1.2 Bn by 2032, finds Future Market Insights (FMI) in a recent market survey. As per the findings of the report, Referral Marketing Software Market through BFSI industry will remain pivotal for the market as the bulk of revenue will be generated through this category.

Large Industries to continue being Growth Axis for Referral Marketing Software Revenue

Large industries are the key contributors to demand, having experienced a CAGR of 15%, with a forecasted CAGR of 12.8% for the next decade. They can afford higher rewards and require automation to manage large volumes of customers and referrals they receive. Small businesses will also provide growth to the market since they benefit from the scalability, efficiency, retention rates and improved ROIs.

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Niche influencers and integration with social media to boost demand

Companies are looking to integrate their referral marketing with social media to benefit from word-of-mouth and the phenomena of social proof. Businesses are also looking to harness the rise of niche influencers, who are closely associated with their markets and have a following who are also highly likely to be a part of the target market for the product.

Community driven referral marketing to be a driver for demand

Community driven marketing, through which a company ties up with community centres, non-profits or causes that support societal good to combine the referral process with the idea of a positive social contribution, is expected to drive demand.

United States to Command the Larger Proportion of Demand for Referral Marketing Software throughout the Analysis Period

The United States leads the Referral Marketing software demand with over 30% share in 2021 and a projected market size of US$ 431.8 Mn in 2032, which is largely owing to a large number of companies that use this software in the area. The market in the US is projected to grow at a CAGR of 13.1% during the forecast period.

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Referral Marketing Software Market: Competition Insights

Referral Marketing Software companies are focused on increasing their presence and reach. The key companies operating include Impartner, Referral Candy, Genius Referral, Viral Loops Ltd, Hello Referrals, Tapfiliate, Mention Me, Annex Cloud, Invitevox, InfluitivE, Rocket Referrals, Extole, Refersion, InviteReferrals, OmniStar, Referral SaaSquatch, Friendbuy, and Buyapowa.

Some of the recent developments in Referral Marketing Software are as follows:

  • In January 2022, Radancy announced plans to acquire Austria’s Firstbird. FirstBird is a provider of SaaS based employee referral programs.
  • In May 2022, Actofit acquired Adkitty, an affiliate-marketing startup. The acquisition comes at the cost of US$ 1 Mn as a cash and product mix. Actofit plans to use the acquisition to launch CoachPro, a platform for fitness instructors.
  • In January 2022, MentionMe, a customer referral marketing startup raised US $ 25 Mn in Series B funding following the US $7 Mn they had raised in Series A funding.
  • In August 2019, Impartner acquired Amplifinitya, a provider of partner management software.

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Key Segments Covered in Referral Marketing Software Industry Survey

Referral Marketing Software Market by Deployment:

  • Cloud-Based Referral Marketing Software
  • Web-based Referral Marketing Software

Referral Marketing Software Market by Enterprise Size:

  • Large Enterprises
  • Small and Medium Enterprises

Referral Marketing Software Market by Industry:

  • BFSI
  • Retail
  • E commerce
  • Education
  • Hospitality
  • Others

Referral Marketing Software Market by Region:

  • North America Referral Marketing Software Market
  • Latin America Referral Marketing Software Market
  • Europe Referral Marketing Software Market
  • Asia Pacific Referral Marketing Software Market
  • Middle East & Africa Referral Marketing Software Market

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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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Solid State Drive Market Key Segments, Regional Outlook, Top Companies, Forecast To 2032

The Solid State Drive Market revenues were estimated at US$ 37.6 Bn in 2021 and is anticipated to grow at a CAGR of 10% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 113 Bn.

The increased usage of social media, expanding online commerce, and growth in media content have been playing a significant role in the SSD market throughout the projected period. Due to the high usage of tablets and smartphones, which have enabled customers to produce massive amounts of digital data, the average household’s storage consumption is likely to expand in the future years. As a result, there is an increasing demand for sufficient storage.

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It is also observed that SSD usage in data centers has been increasing due to a variety of factors, including improved efficacy in contrast to conventional HDD storage, rising need for storage facilities, and breakthroughs in enterprise-level SSD reliability and performance. SSDs are preferred by businesses since they require less energy, which further enables less dispersion, resulting in a reduced environmental imprint.

Key Takeaways from the Market Study

  • Global SSD Market is estimated to reach a market size of US$ 43.4 Bn by 2022.
  • In terms of Interface Type, revenue through SATA SSD is expected to account for the largest share.
  • In terms of End-user, revenue through the Enterprise SSD segment is expected to account for more than 10%, during the forecast period.
  • The market in China is projected to grow at the fastest CAGR of 11%, during 2022 – 2032.

Competitive Analysis

Since the market’s entry barriers are high, it is difficult for new firms to enter. The market’s existing suppliers are substantially spending in the research and development to improve their existing portfolio. The top solid state drive manufacturers include Intel Corporation, Samsung Group, Micron Technology, Inc., Toshiba Corporation, Western Digital Corporation, Inc., ADATA Technology Co. Ltd., Transcend Information Inc., Kingston Technology Corporation, SK Hynix Inc., and Teclast Electronics Co., Limited.

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Some of the recent developments in Solid State Drive Market are as follows:

  • In February 2021, Seagate introduced the FireCuda 120 SATA SSDs. It has a sequential read/write speed of 560/540 MB/s. It has capacities ranging between 500GB to 4TB. It is intended for gamers and offers speed, durability and a large storage.
  • In April 2021, Samsung introduced a new business SSD with improved performance. They produced a high-performance industrial solid-state drive that covers the most recent Serial ATA (SATA) interface. According to Samsung, the PM1653 is the industry’s first 24G SAS SSD manufactured that uses sixth-generation V-NAND memory devices, with storage capacities starting from 800 GB to 30.72 TB for corporate server systems. A high-speed data transfer link such as SAS SSD that is utilized in servers and large computer storage devices.
  • In March 2021, Western Digital has announced the release of various new consumer-oriented compact SSDs with 4TB Storage under the WD, SanDisk, and WD Black brands. The latest 4TB SSDs are intended for gamers, multimedia makers, and creative workers that want more storage. The WD Black has read rates of up to 2000 MB/s and is compatible with PC, PlayStation, and Xbox One game collections.

Market Segments Covered in SSD Market Analysis

By Type:

  • External
  • Internal

By Interface Type:

  • SATA SSD
  • SAS SSD
  • PCI-E SSD

By Form Factor:

  • 1.8”/2.5”
  • 3.5”
  • M.2
  • U.2
  • FHHL/ HHHL

By Storage:

  • Under 500 GB SSD
  • 599 GB – 1 TB SSD
  • 1 TB – 2 TB SSD
  • Above 2 TB SSD

By Application:

  • Enterprise SSDs
  • Client SSDs

By Region:

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

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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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Subsea Navigation And Tracking Market Size & Share | Global Industry Report By the End of 2027: FMI

The Subsea navigation & tracking systems are generally used for a variety of underwater tasks such as ocean sciences,oil and gas exploration, salvage operations, marine archaeology and military activities. Subsea navigation & tracking is a system used for the navigation and tracking of underwater divers as well as vehicles by means of direction measurements/acoustic distance and subsequent position triangulation.

A system known as subsea navigation and tracking, which triangulates positions after determining direction and acoustic distance, can be used to navigate and track underwater divers and vehicles. Over the anticipated period, oil and gas exploration is expected to dominate the market in terms of application. This is because there is a greater demand for subsea navigation and tracking in places like North America, Europe, and Japan.

Furthermore, subsea navigation and tracking systems are used by offshore industries for a variety of tasks, including exploration, drilling, hydrographic survey, construction survey, dynamic positioning, production, and decommissioning.

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Global Subsea Navigation & Tracking Market:

On the basis of type, the global subsea & tracking market can be segmented into short-baseline (SBL) systems, long-baseline (LBL) systems, ultra short baseline (USBL) systems and GPS intelligent buoys (GIB) systems.

On basis of end-use, the global subsea & tracking market can be segmented into ocean sciences, oil and gas exploration, salvage operations, marine archaeology and military activities.

Global Subsea Navigation & Tracking Market: Regional Outlook

Geographically, the global subsea navigation & tracking market can be divided into these major regions — North America, Latin America, Western and Eastern Europe, Asia-Pacific region, Japan, Middle East and Africa.

North America and Europe, with their developed offshore industry, will be the leading regional markets, capturing a substantial share of the global market. The Asia-Pacific region is also expected to witness high growth rate in coming years. Latin America and Eastern Europe are estimated to register fastest CAGR growth.

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Global Subsea Navigation & Tracking Market Players:

Examples of some of the market participants in the global subsea navigation & tracking market identified across the value chain include

  • LinkQuest, Inc.
  • iXBlue.
  • Applied Acoustic Engineering.
  • EvoLogics GmbH
  • Planet OS Inc.
  • Kongsberg Gruppen
  • SONARDYNE
  • Desert Star Systems LLC
  • AML Oceanographic
  • Nautronix
  • ROMONA Inc.

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

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.

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Subsea navigation & tracking system are also referred to as “underwater acoustic positioning systems”. The subsea navigation & tracking system are classified into short-baseline (SBL) systems,long-baseline (LBL) systems, ultra short baseline (USBL) systems and GPS intelligent buoys (GIB) systems. Owing to high accuracy and robustness of system, the long-baseline systems disproportionally hold a major market share. On other hand, since ultra-short baseline systems require only one transponder, the market for them is estimated to grow at fastest CAGR over the forecast period.

The subsea navigation & tracking market has gone through high technological advancement in recent years. Major Key manufacturers are focusing on improving accuracy and stability, which, in turn, requires high capacity sensors. These technological advancements as well as the development of different types of innovative subsea navigation & tracking systems are contributing to the growth of the global subsea navigation & tracking market.

Report Highlights:

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

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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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RF Power Amplifier Market Latest Trends, Demand, Growth, Opportunities & Outlook Till 2032

Radio-frequency power amplifiers, also known as RF Power Amplifiers, were developed in response to the increased demand for an amplified low-power radio-frequency signal (into a high power signal). From 2022 to 2032, the global RF power amplifier market is projected to expand at a 14.2 percent CAGR and generate US$ 19,670 million in revenue.

Furthermore, an increasing demand for RF Power Amplifiers, because of various applications of radio frequencies, is being witnessed across various industry verticals. So, companies have started implementing and investing more into RF Power Amplifiers. RF Power Amplifiers effectively covert low-power RF signals into high-power RF signals by driving the antennae of a transmitter.

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Considerably high adoption of RF Power Amplifiers is observed in consumer electronics as the devices demand for an amplified radio frequency signal, for efficient functioning. Additionally, RF Power Amplifiers are one of the most expensive and integral components of all base stations for wireless cellular and mobile infrastructures, and with drastic developments in telecom infrastructure, need for RF Power Amplifiers is increasing.

RF Power Amplifier Market: Drivers and Challenges

An increasing adoption of consumer electronics is witnessed globally, especially in smart phones and tablets. The market for consumer electronics, especially smart phones and tablets, is furthermore, expected to witness high growth during the forecast period.

Consumer Electronics being a major application industry of RF Power Amplifiers, would, henceforth, drive the global RF Power Amplifiers market. Additionally, proliferating penetration of 4G technology and emergence of next generation wireless network, such as 5G, would also drive the demand and growth of RF power amplifiers market.

High cost associated with RF Power Amplifiers act as a primary restraint for the global RF power amplifier’s market, limiting its adoption. In addition to this, large size and high power consumption is also a challenge, hampering the growth of RF Power Amplifiers.

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RF Power Amplifier Market

Key Players

Some of the key players in the RF Power Amplifier market are NXP Semiconductors, Qualcomm Technologies, Inc., MACOM, BONN Elektronik GmbH, OPHIR RF, Infineon Technologies AG, CML Microsystems Plc, Broadcom, Analog Devices, Inc., ETL Systems Ltd, Analogic Corporation, ETS-Lindgren and Murata Manufacturing Co., Ltd.

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

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Key Segments

By Frequency:

  • <10 GHz
  • 10-20 GHz
  • 20-30 GHz
  • 30+ GHz

By Raw Material:

  • Gallium Arsenide
  • Gallium Nitride
  • Silicon Germanium
  • Others

By Operation Mode:

  • Linear Amplifier Class
  • Switch Mode Class

By Packaging Type:

  • Die
  • Surface Mount
  • Stand Alone/Rack Mount
  • Others

By Industry Verticals:

  • Aerospace & Defence
  • Consumer Electronics
  • Automotive Medical
  • Others

By Application:

  • Wireless Receivers
  • Audio Tape Players
  • Broadcast Transmitters
  • CD Players
  • Wireless Transmitters
  • High Audio System

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • Europe
  • MEA

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:        
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