Market Research Blog – Page 1040 – New Product Development

FMI Analysis States Global Industrial Film Market Valuation to Surge Beyond USD 110.0 Billion by 2034, Surging Steadily at 5.9% CAGR

The industrial film market is expected to witness a CAGR of 5.9% through 2034. The market is expected to reach a valuation of USD 62.0 Billion in 2024 and USD 110.0 Billion by 2034. The market’s growth is driven by several factors, including the expansion and modernization of industries worldwide, which are increasingly turning to functional and protective films to ensure the safety of equipment, materials, and products during manufacturing, storage, and transportation processes.

The growing demand for efficient packaging solutions in the e-commerce sector also propels significant growth, particularly for shrink, stretch, and pallet wrapping applications. Developing high-performance industrial films with enhanced properties, such as strength, durability, and chemical resistance, is a key driver of market expansion. Technological advancements in material science have enabled the production of films that cater to diverse industry needs and applications, including weatherproofing, UV protection, and thermal insulation.

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The market is witnessing a growing emphasis on sustainability, prompting industries to adopt eco-friendly packaging materials, including recyclable and biodegradable industrial films, in compliance with stringent regulatory standards.

The industrial film market is experiencing significant growth in emerging economies, particularly in Asia-Pacific and Latin America, undergoing rapid industrialization and urbanization. This growth is driven by increasing demand for industrial films across various sectors, including construction, agriculture, and packaging. The preference for durable and weather-resistant films in construction projects and the adoption of customized film solutions tailored to specific requirements further contribute to market growth.

Market saturation, raw material price fluctuations, and regulatory complexities challenge the market’s continued expansion. The dominance of linear low-density polyethylene (LLDPE) in the market ensures reliable and efficient packaging solutions for industries worldwide, solidifying the industrial film market’s prominence.

Key Takeaways from the Market Study:

The linear low-density polyethylene (LLDPE) segment is expected to rise at a 5.8% CAGR through 2034.
The transportation segment is expected to lead the market by end use, expanding at a 5.6% of CAGR through 2034.
The industrial film market in the United Kingdom is predicted to rise at a 7.1% CAGR through 2034.
The industrial film market in South Korea has the potential to increase at a 6.8% CAGR through 2034.
The industrial film in Japan is projected to inflate at a CAGR of 6.3% through 2034.
The industrial film in China is anticipated to develop at a CAGR of 6.2% through 2034.
The industrial film in the United States is estimated to rise at a whopping 6.1% CAGR through 2034.

“Advancements in material science and manufacturing technologies result in innovative film formulations that offer superior performance and versatility for various industrial applications. Infrastructure development, particularly in emerging economies, creates new opportunities for industrial film usage in construction, transportation, and other sectors,” – opines Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).

Competitive Landscape:

Major companies in the industrial film market are strategically expanding their global reach through mergers and acquisitions, partnerships, and geographic expansions. These companies are leveraging their technological expertise and product innovation capabilities to penetrate new markets and strengthen their presence in existing ones. Conducting a market comparative analysis is crucial for guiding companies’ growth strategies by providing insights into market dynamics, competitor positioning, and emerging trends.

Through comprehensive market research and analysis, companies can identify growth opportunities, assess competitive landscapes, and make informed decisions to capitalize on market trends and gain a competitive edge in the global industrial film market.

Key Players Operating in the Market:

TOYOBO Co. Ltd
DuPont de Nemours Inc.
TEKRA, MURAPLAST d.o.o.
Transcendia Vecom
ishakha Polyfab Pvt Ltd
Klöckner Pentaplast
Dow
Soretrac (UK) Limited
Hypac Packaging Pte Ltd.
Peiyu Plastics Corporation
AVI Global Plast
Verstraete IML
Berry Global Inc.
Bemis Company, Inc
Jindal Poly Films
Mitsui Chemicals, Inc.
PLASTIC SUPPLIERS, INC.
WINPAK LTD.
Polifilm GmbH
Avery Dennison
DIC CORPORATION

Industrial Film Market Segmentation Analysis:

By Type:

Linear Low-Density Polyethylene (LLDPE)
Low-Density Polyethylene (LDPE)
High-Density Polyethylene (HDPE)
Polypropylene (PP)
Polyethylene Terephthalate (PET)
Poly Vinyl Chloride (PVC)
Polyamide
Others

By End Use:

Transportation
Construction
Industrial Packaging
Agriculture
Medical
Others

By Region:

North America
Latin America
Asia Pacific
Middle East and Africa (MEA)
Europe

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The global oil and gas sensor market revenue is anticipated to surpass USD 8.2 billion in 2024.

The global ESD Valve market size is estimated to reach USD 315.9 million by 2024.

The global security and surveillance equipment market share is estimated to reach USD 31,243.2 million in 2034.

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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FMI Study Affirms Global Fire Sprinkler System Market Share to Reach USD 22,695.8 Million by 2033, Driven by 5.9% CAGR Growth

The global market for fire sprinkler systems is expected to reach USD 12,973.4 million USD in 2023. The market is expected to be valued at USD 22,695.8 million by 2033, growing at a CAGR of 5.9%.

The market has grown in prominence as the residential and commercial construction sectors have expanded. This tendency is expected to drive up demand for fire sprinkler systems. Another element driving global fire sprinkler system adoption is the development of stringent requirements for building installation. Governments from various countries are working on this.

The primary issues preventing the industry from expanding are the expensive cost of upgrading fire sprinklers in already-existing structures, and the lack of integrity in system interfaces.

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Profitable Market Opportunity:

The products put in the building that are standardized and designed to detect the onset of a fire are the fire protection system. A smoke detector and other devices are used by the system to find and put out the fire. Real-time data is detected and tracked by the fire protection systems. The fire sprinkler system industry is going to see new opportunities through the incorporation of cutting-edge technology like AI and the IoT.

Key Takeaways:

By 2033, the fire sprinkler system market in the United Kingdom is likely to expand, with a CAGR of 3.8%.
In 2023, the United States is likely to dominate the fire sprinkler system sector, with a share of 21.8%.
The fire sprinkler system market was significantly expanding, with a size of USD 12,046.5 million in 2022.
By 2033, the fire sprinkler system industry in China is likely to expand, with a CAGR of 6.5%.
In 2023, Australia projected to expand in the fire sprinkler system business, with an expected share of 1.3%.
The market is expected to grow at a USD 15,194.04 million valuation by 2026, with rising technologies like smart sensors.
By 2033, India is projected to expand significantly in the fire sprinkler system sector, with a share of 7.1%.
Japan’s fire sprinkler system market share is likely to expand significantly, with a 6.2% share in 2023.
In 2023, the commercial segment is expected to dominate the market with a leading share of 42.1%. It is anticipated to control the market by 2033 in terms of application.
Based on product type, wet fire sprinkler systems are expected to dominate the market with a share of 29% in 2023.

Effective Approaches by Key Players:

Manufacturers of fire sprinkler systems strive to build strong distribution networks that can efficiently reach potential clients. To do this, they are collaborating with wholesalers and distributors, who help them market their products and services to customers.

Recent Developments:

For fire sprinkler systems, Johnson Controls produced TYCO corrosion control solutions. The product helps wet and dry fire sprinkler systems last longer. Additionally, it has an in-line detector that monitors the system and transmits corrosion early warning signals.
Plumis Inc., a firm established in the United States, provides the “Automist Smartscan Hydra” smart fire sprinkler system. This system consumes 90% less water than traditional fire sprinkler systems.

Key Players:

Johnson Controls International
Robert Bosch GmbH
McWane, Inc.
Siemens Industry Software Inc.
Honeywell International Inc
Kauffman Co.
Agni Devices Pvt. Ltd
Emerson Electric Co.
Tokyo Hochiki Co., Ltd.
Eaton Corporation plc
Globe Fire Sprinkler Corp.

Key Segments Profiled:

By Product:

Wet pipe Sprinkler Systems
Dry pipe Sprinkler Systems
Clean Agent System
Deluge Sprinkler Systems
Water-mist Systems
Pre-action Sprinkler Systems
Standpipe System

By Response Time:

Standard
Quick

By Hazard:

Light
Ordinary
Extra

By Technology:

Control-mode specific application sprinkler (CMSA)
Early-suppression fast-response sprinklers (ESFR)
control-mode density area sprinklers (CMDA)
In-rack fire sprinklers

By Application:

Residential
Industrial
Commercial
Government and Institutional
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
The Middle East & Africa (MEA)

Author:

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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Global Scleral Lenses Market Projected to Reach USD 323.5 Million by 2032, Growing at a CAGR of 6.3%

Global Scleral Lenses Industry — Global Scleral Lenses Market

The global scleral lenses market is anticipated to be valued at approximately USD 175.5 million in 2022 and is expected to experience substantial growth, reaching around USD 323.5 million by 2032. This represents a robust CAGR of 6.3% during the forecast period.

According to a recent study by Future Market Insights, mini scleral lenses dominated the product segment in 2021, capturing approximately 47.4% of the global market share. These lenses are increasingly favored for their comfort and effectiveness in managing various ocular conditions, making them a preferred choice among patients and eye care professionals.

Future Market Insights, a leading market intelligence provider renowned for its 1000+ market research reports and a database exceeding 1 billion data points, takes a pivotal role in delivering comprehensive insights to industry stakeholders. The organization’s commitment to empowering report buyers with critical information, particularly during market challenges and crises, is facilitated through cutting-edge digital intelligence solutions.

The forthcoming business report from FMI meticulously scrutinizes the historical and current scenario of the Global Scleral Lenses Industry. It delves deep into production, consumption, volume, and value aspects, offering a profound understanding of market dynamics. The report further dissects the market into various segments, regions, and players, based on demand patterns and growth prospects.

COVID-19 Impact Analysis on Global Scleral Lenses Industry

The recent outbreak of the COVID-19 has turned the spotlight on the healthcare industry, and subsequently impacted the Scleral Lenses market. Severe shortages of critical medical supplies and a rapid rise in number of COVID-19 cases have resulted into a revolution rather than evolution in the healthcare ecosystems. Consequently, the impact is noticeable in the Scleral Lenses market.

Following government’s measures, particularly social distancing norms and stay-at-home orders, doctors are delaying or postponing elective surgeries unless critical to prevent the spread of the virus to individuals with comorbidities or chronic conditions. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace.

The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Global Scleral Lenses Industry. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.

Why Choose Future Market Insights

Serving domestic and international clients 24/7
Prompt and efficient customer service
Data collected from reliable primary and secondary sources
Highly trained and experienced team of research analysts
Seamless delivery of tailor-made market research reports

Global Scleral Lenses Industry: Segmentation

Valuable information covered in the FMI’s Scleral Lenses market report has been segregated into key segments and sub-segments.

Based on product type, the Global Scleral Lenses Industry can be segmented as:

Corneo-Scleral Lenses and Semi-Scleral Lenses
Mini-Scleral Lenses
Full Scleral Lenses

Based on application, the Global Scleral Lenses Industry can be segmented as:

Irregular Cornea
Ocular Surface Disease
Refractive Error
GP burnout
Astigmatism
Dry Eye
Others

Global Scleral Lenses Industry: Competition Analysis

The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Scleral Lenses market. Competitive information detailed in the Scleral Lenses market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Global Scleral Lenses Industry report.

A Full Report Overview

Key players covered in the report include:

Bausch & Lomb Incorporated, Novartis AG, CooperVision and Johnson & Johnson, LUXOTTICA GROUP, Essilor, ZEISS International, Safilo Group, Rodenstock and others

Important Questions Answered in the Global Scleral Lenses Industry Report

Which end-user remains the top revenue contributor in different regional markets?
At what rate has the Global Scleral Lenses Industry been expanding during the forecast period?
How will the Global Scleral Lenses Industry look like by the end of the forecast period?
What innovative strategies are adopted by Scleral Lenses market players to stay ahead of the pack?
What are the restraints affecting the growth of the Global Scleral Lenses Industry?

Key Offerings of the Report

Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Global Scleral Lenses Industry

Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Hot and Cold System Market Revenue Share to Exceed USD 41.0 Billion by 2034, Driven by 6.7% CAGR Growth | FMI Study

The global hot and cold system market size is poised for significant growth, attaining USD 21.4 billion in 2024. The hot and cold system demand is expected to experience a CAGR of 6.7% from 2024 to 2034. By 2034, the market revenue of hot and cold systems is anticipated to reach a valuation of USD 41.0 billion.

The need for efficient temperature-regulating hot and cold systems has been fueled by growing consumer awareness of environmental issues and energy efficiency. Hot and cold systems adoption in both the residential and commercial sectors has increased dramatically.

The performance and capacities of hot and cold systems have been improved by technological developments, increasing consumer appeal. Strict government restrictions have encouraged using energy-efficient heating and cooling solutions to decrease carbon emissions, spurring the industry expansion of hot and cold systems.

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Since new construction needs effective temperature control systems, the expanding industry has presented numerous hot and cold system market opportunities. The proliferation of hot and cold systems in homes and offices has been fueled by changing lifestyles and rising disposable incomes, raising the need for comfort and convenience.

The strong hot and cold system market growth has been attributed to several parameters, including economic conditions, technological innovation, regulatory backing, and environmental consciousness.

Key Takeaways:

South Korea hot and cold system industry is anticipated to boost at a CAGR of 9.0% between 2024 and 2034.
Japan heating and cooling system market is likely to exhibit a CAGR of 8.1% through 2034.
The United Kingdom hot and cold system market is envisioned to develop at a CAGR of 8.0% from 2024 to 2034.
China sales of hot and cold systems are expected to surge at a CAGR of 7.8% through 2034.
The United States hot and cold system sales are anticipated to evolve at a CAGR of 7.0% through 2034.
The plastic segment in the material category is predicted to accelerate at a CAGR of 6.5% from 2024 to 2034.
In the components category, the pipe segment is envisioned to thrive at a CAGR of 6.3% from 2024 to 2034.

“Strong growth is predicted for the hot and cold system market, fueled by the rising need for effective temperature control solutions in various industries. The heating and cooling market dynamics are anticipated to be positively shaped by advancements in thermal management technologies and sustainability concerns.”- Says Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.).

Regional Outlook

The demand for sophisticated hot and cold systems has been bolstered by Asia Pacific’s growing emphasis on energy efficiency. The Asia Pacific hot and cold system market is expanding due to government initiatives supporting sustainable practices.
Incorporating sustainable energy sources such as geothermal and solar power improves Europe’s market opportunities for hot and cold systems. Europe’s heating and cooling system market is growing due to technological developments and an emphasis on smart building solutions.
The adoption of eco-friendly hot and cold systems in North America is encouraged by growing worries about climate change. Investments in infrastructure building and renovation projects boost North America’s demand for hot and cold systems.

Competitive Landscape

Driven by changing customer needs and technological improvements, the hot and cold system market is dynamic and strongly competitive. The major hot and cold system vendors compete for market share through strategic alliances, product differences, and innovation.

Regulations, the environment, and the state of the economy all impact the market dynamics of hot and cold system. A landscape of constant innovation and market expansion is fostered by established corporations competing with up-and-coming startups and niche hot and cold system manufacturers. Flexibility and agility are critical for hot and cold system providers looking to succeed in this highly competitive environment.

Vital Hot and Cold System Manufacturers

Georg
Fischer Limited
Geberit
Watts Water Technologies
Chevron Phillips
Chemical LLC
Wienerberger

Key Segments

By Material:

Plastic
Metallic
Metalized Plastic

By Components:

Pipe
Fixtures and connectors
Multifold
Temperature Control
Local distribution
Solvent Cement
Others

By Application:

Water plumbing pipes
Radiator connection pipes
Underfloor surface heating and cooling
Others

By End Users:

Residential
Commercial
Industrial

By Region:

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

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The tower crane market revenue is expected to reach USD 33,661.95 million by 2033.

The global marine cranes market is forecasted to be appraised at USD 7945.2 million by 2032.

The mobile cranes market is predicted to grow at a moderate CAGR of 6.3% from 2023 to 2033.

Author:

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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FMI Analysis Affirms Global Oil Accumulator Market Share Projected to Exceed USD 112 Billion by 2034, Growing at 8.1 CAGR

The global oil accumulator market is poised for significant growth, reaching USD 51.2 billion in 2024. The revenue of oil accumulators is expected to witness a CAGR of 8.1% from 2024 to 2034. By 2034, the demand for oil accumulators is anticipated to attain a valuation of USD 112 billion.

Pollutants emitted into the environment during oil and gas drilling operations are becoming less common due to the increased demand for oil accumulators. The continuous exploration efforts for oil and gas globally propelled the oil accumulators market expansion.

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Capacitors Demand Rise to Meet Oil and Gas Accumulator Market Growth

As the need for crude oil develops globally, there is predicted to be a greater need for these capacitors. The oil accumulator market expansion is anticipated to be supported by growing end-use sector demand.

It is stated that the key catalysts of the oil accumulator system market expansion are the surge of exploration activities in the oil and gas industry. Due to the numerous environmental hazards and expanding health and safety concerns related to oil and gas production, the demand for oil accumulators is expected to grow.

Price Drop Endeavors Deterred by Surging Production Expenses

The market expansion of oil accumulators is likely to be constrained by certain obstacles and challenges. Many governments worldwide prefer sustainable energy sources over fossil fuels due to issues including drastic climate changes. It is anticipated that demand for crude oil is going to decline. These are the possible obstacles to the oil accumulator market expansion.

Regional Outlook

The expansion of the Asia Pacific market is likely to be stimulated by rising investments in offshore oil exploration and production operations throughout Southeast Asia. The demand for oil accumulators in the Asia Pacific is increased by the adoption of advanced hydraulic systems in several industries, including mining, building, and manufacturing.
Due to Europe’s focus on renewable energy sources, oil accumulators are integrated into hydraulic systems to store excess energy produced by solar and wind power. Technological advances in oil accumulator design and manufacturing processes foster market expansion in Europe, serving various industries.
Increased funding for infrastructure-building initiatives propels the adoption of oil accumulators in North America. The requirement for high-performance hydraulic systems and growing factory automation boost oil and gas accumulator market expansion in North America’s industrial sector.

“The rising demand for effective hydraulic systems across various sectors is expected to propel the market expansion of oil accumulators. The oil accumulator system market is expected to expand, accentuating the importance of technological developments and the growing emphasis on energy-efficient solutions in shaping industry dynamics.”, comments an analyst at FMI.

Key Takeaways:

South Korea’s oil accumulator device market is anticipated to boost at a CAGR of 10.5% between 2024 and 2034.
The United Kingdom oil accumulator market is envisioned to develop at a CAGR of 9.5% from 2024 to 2034.
China’s sales of oil accumulators are expected to surge at a CAGR of 8.9% between 2024 and 2034.
The United States oil accumulator market is anticipated to evolve at a CAGR of 8.4% through 2034.
The bladder accumulator segment in the type category is predicted to register a CAGR of 7.9% through 2034.
In the application category, the blow out preventer and well head control segment is envisioned to exhibit a CAGR of 7.7% from 2024 to 2034.
Japan’s oil accumulator market is likely to exhibit a CAGR of 6.3% from 2024 to 2034.

Competitive Landscape

Major oil accumulator vendors are expected to engage in product and technical innovation to create better, more efficient oil accumulators. Increasing their manufacturing capacity is expected to be a key priority for the main producers of oil accumulators. The oil accumulator manufacturers have expanded through agreements and contracts, mergers and acquisitions, partnerships, and collaborations to gain a larger market share.

Key Players:

Hydac, Parker Hannifin
Bosch Rexroth AG
NIPPON ACCUMULATOR CO. LTD.
Technetics Group
Eaton Corporation PLC
Hannon Hydraulics

Key Segments:

By Type:

Bladder Accumulator
Piston Accumulator
Diaphragm Accumulator

By Application:

Blow Out Preventer and Well Head Control
Offshore Rigs
Mud Pumps

By Region:

Asia Pacific
Europe
North America
Middle East
Africa
South America

Author:

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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Global Metal-air Battery Market Revenue Share Anticipated to Exceed USD 2.8 Billion Milestone by 2034, Driving 15.2% CAGR Growth

According to Future Market Insights (FMI), the growing popularity of electronic devices, the adoption of electric vehicles, and developments in laser and 3D printing are expected to drive the global metal-air battery market towards a USD 2.8 Billion valuation by 2034. From 2024 to 2034, the market is anticipated to expand at a CAGR of 15.2%. Metal-air batteries are expected to outperform lithium-ion batteries in several applications due to their lower cost, higher energy density, and lack of need for frequent recharging.

The potential for breakthrough innovations in electrode materials, electrolyte formulations, and system design holds immense promise for further enhancing the performance and viability of metal-air batteries across diverse applications.

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Innovations in electrode materials are crucial for improving metal-air batteries’ efficiency, stability, and longevity. Researchers are exploring novel materials with enhanced conductivity, surface area, and catalytic properties to optimize electrode oxygen reduction and evolution reactions. These advancements could lead to higher energy densities, faster charging rates, and extended cycle life for metal-air batteries.

Advancements in electrolyte formulations are key to addressing challenges such as electrolyte degradation, dendrite formation, and corrosion of electrode materials. Researchers are investigating new electrolyte chemistries, additives, and solvents to enhance ion conductivity, stability, and safety in metal-air batteries. These innovations are likely to improve battery performance and reliability by mitigating issues related to electrolyte decomposition and side reactions and increasing the demand for metal-air batteries.

“Innovations in system design, including cell architecture, packaging, and thermal management, are crucial for optimizing metal-air batteries’ performance and safety. These improvements are anticipated to enhance energy efficiency, reduce internal resistance, and improve thermal stability, making them more effective in various environments,” – opines Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).

Key Takeaways from the Metal-air Battery Market:

The United States metal-air battery industry is projected to experience a CAGR of 15.5% through 2034.
Japan’s metal-air battery market is expected to rise at a CAGR of 15.7% through 2034.
The United Kingdom’s metal-air battery industry is anticipated to register a CAGR of 16.3% through 2034.
South Korean metal-air battery industry is expected to grow at a significant CAGR of 17.7% through 2034.
Chinese metal-air battery market is expected to witness a CAGR of 16.0% through 2034.

Competitive Landscape of the Metal-air Battery Market:

Through strategic initiatives, cooperative efforts, and unwavering innovation, establishments are playing a crucial role in creating the metal-air battery market’s future perspective. Innovative research on electrode materials, electrolyte formulations, and system designs is being carried out by research institutes with the aim of improving battery performance, energy density, and cycle life. Manufacturers of batteries make investments in infrastructure and increase production to keep up with the increasing demand for metal-air batteries from a variety of sectors.

In order to ensure battery development and deployment that is safe, dependable, and environmentally sustainable, regulatory authorities are setting standards and rules. To promote cooperation and information exchange among stakeholders and hasten the market’s expansion, industry groups are working to increase the use of metal-air batteries. All of these businesses are laying the groundwork for a future in which grid-scale energy storage solutions, electric cars, renewable energy systems, and the next generation of electronics are all powered by metal-air batteries. This is expected to make the transition to a more sustainable and energy-efficient future achievable.

Recent Developments in the Metal-air Battery Industry:

LG Energy Solution invested in Arizona-based Sion Power in January 2024, demonstrating its commitment to developing next-generation lithium-metal battery technologies, with the investment expected to be carried out by Bricks Capital Management and LG Technology Ventures.
Japanese scientists developed an all-solid-state rechargeable air battery (SSAB) in June 2023 using a proton-conductive polymer electrolyte and redox-active organic negative electrodes, utilizing organic compounds like quinone- and amine-based chemicals for redox processes involving protons and hydroxide ions.

Key Companies in the Global Metal-air Battery Market:

ZAF Energy Systems
ACTXE Limited
PolyPlus Battery Company
GP Batteries International Limited
Arotech Corporation
Phinergy
NantEnergy
Log9 Materials
Electric Fuel Limited
Metalectrique
Eos Energy Storage
Fluidic Energy
Fuji Pigment Co., Ltd.
Changhong Batteries
STORNETIC GmbH
Phinergy
Alcoa Corporation
Duracell Inc.
Power Japan Plus
ReVolt Technology

Global Metal-air Battery Market Segmentation Analysis:

By Metal:

Zinc
Aluminium
Iron
Lithium
Others

By Voltage:

Low
Medium
High

By Application:

Electric Vehicles
Military Electronics
Electronic Devices
Stationary Power
Others

By Region:

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

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The advanced lead acid battery market share forecasted to surpass USD 62.0 billion by 2034.

The lead acid battery industry is estimated to reach a valuation of USD 104.13 billion by 2034.

The silicon anode battery market revenue share is expected to reach USD 131.6 billion in 2033.

Author:

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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Workplace Management Tools Market Soars: Projected Surge to US$ 65,046.7 Million by 2033

The global workplace management tools market is expected to grow significantly in the coming years. In 2023, it is predicted to surpass US$ 11.5 billion and is estimated to reach a staggering US$ 65 billion by 2033, showing an impressive annual growth rate of 18.8% throughout the forecast period.

Businesses utilize workplace management applications for various purposes, including creating employees’ best-fit schedules, tracking time and attendance, managing tasks, HR management, and managing their employees’ absences and leaves.

Workplace management tools designed for virtual desktops provide users with a single portal that stores all the resources needed and streamlines management for IT. Virtual desktops & applications, mobile applications, and cloud services are stored on the workspace which enables users to find all the resources in one place. Workspace products can make work simpler and easier for users as well as administrators.

All the resources stored on the portal, IT manager’s role is to manage and deliver them. Workplace engine enables in boosting application support. Workplace provides a reliable, rich-media experience to mobile customers that allows secure access to data, anywhere and at any time.

Due to central data management and high-level security in a workplace that combines data center servers and unified communications software, there will be secured data storage on servers. Workplace is an end-to-end desktop virtualization solution that offers a computing platform to an enterprise which includes centralized management model provided by the single vendor.

Workplace management tools Market Dynamics:

High availability, improved data security, business continuity, virtual lifecycle management, etc. are the drivers of workplace management tools market. Poor integration of legacy applications with workspace, less cohesiveness, security and compliance issues are the challenges of workplace management tools market.

Workplace on cloud, higher scalability, increased productivity and lower overhead costs creates opportunities for workplace management tools market Virtual teams, on-line supervision and hybrid workplace that combines face-to-face contact and virtual collaboration in the workplace as well as remote locations are the latest trends in workplace management tools market.

Segmentation Overview:

The workplace management tools market is segmented based on operating system (OS), enterprise type and region. Based on the operating system, the workplace segmented into Windows, Linux, and Mac. By enterprise type, the workplace is segmented into small, medium, and large enterprises. Based on verticals, the workplace management tools market is segmented into information technology, education, government, healthcare, retail and financial services.

Recent Developments in the Workplace Management Tools Market:

Asana: Work management platform Asana launched a new set of tools and product liaisons in October 2022 with the goal of automatically providing company executives with a comprehensive view of progress toward important projects to guide resource allocation and planning. The newest products from Asana are designed to assist businesses in quickly shifting priorities when their needs alter. They also seek to reduce waste costs and duplication of effort by reducing cross-functional work through an integrated tech stack and scaling up worldwide security through enterprise security capabilities.
Atlassian Corporation: A renowned provider of team collaboration and productivity software, Atlassian Corporation Plc, launched a new work management solution called Atlassian Together in September 2022, along with several new product features. These new offerings from Atlassian are intended to facilitate the alignment of autonomous teams’ work practices and the technologies they select to support organizations’ attempts to become digital.
Authority Software: Authority Software announced the launch of Authority Workforce Management on April 16th, which includes quality recording management, customer relationship management, and rapid application development.
TRAX: TRAX partnered with Blue Yonder in January 2021 to launch workforce management software for retailers and fulfillment centers that track real-time demand visibility and employ a flexible, skilled workforce to solve store issues quickly and effectively.
Dell Technology: In April 2019, Dell Technologies introduced Unified Workspace, which offers workers a ready-to-work experience that simplifies IT’s entire device lifecycle.

Leading Key Players:

Matrix42 AG
Citrix Systems Inc.
RingCube Technologies Inc.
Cisco Systems Inc.
Ivanti Software Inc.
Dell Inc.
VMware Inc.
Microsoft Corporation
Bitrix Inc.
Atlantis Computing Inc.

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Workplace Management Tools Market Segmentation:

By Deployment:

On-premise
Cloud

By Component:

Solution
Services

By Organization Size:

Large Enterprises
Small Enterprises
Medium Enterprises

By Industry Vertical:

Manufacturing
Healthcare
Government
BFSI
Retail & E-commerce
IT & Telecom
Education
Others

By Region:

North America
Latin America
Europe
Asia Pacific
The Middle East & Africa (MEA)

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FMI Study States Global FRP Bridge Market Size Forecasted to Drive Past USD 1 Billion by 2034, Fueled by CAGR of 6.10%

The global market size for FRP bridges is estimated to be around USD 573.30 Million in 2024. It is projected to exhibit a CAGR growth of 6.10% over the forecast period, with an estimated market size of USD 1 Billion in 2034.

Infrastructure development projects are on the rise globally, particularly in countries like India, China, and the United Kingdom. These projects require sturdy and durable bridge materials that can withstand the test of time. This has opened new doors for FRP bridges, which have numerous advantages over traditional bridges made from materials like steel and concrete.

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Governments worldwide are promoting the use of sustainable and durable construction materials due to the rising awareness of the environmental impact on the surroundings. Engineers and architects are also recognizing the benefits of FRP bridges in terms of longevity and cost-effectiveness. This is why, there is a growing demand for FRP bridges in the construction and infrastructure development sector.

Urbanization and modernization are also expanding in countries like Japan, China, and India, leading to the construction of new bridges and the renovation of existing ones, leading to lightweight bridge solutions being in demand, particularly in areas with challenging terrain or environmental conditions. Innovations in FRP technology have also led to enhanced strength and durability of bridge structures, making them ideal for these projects.

Key Takeaways from the Market Study:

The glass fiber segment dominates the global FRP bridge market with a CAGR of 80%.
On the basis of the resin type, the vinyl ester segment leads the FRP bridge market with a CAGR of 70%.
The FRP bridge market in the United States is anticipated to grow at a CAGR of 30% through 2034.
The FRP bridge market in China is estimated to rise at a 40% CAGR through 2034.
The FRP bridge market in Japan has the potential to increase at 50% CAGR through 2034.
The United Kingdom’s chemical vapor deposition market is predicted to rise by 90% CAGR through 2034.
The chemical vapor deposition market in South Korea is very likely to grow at a CAGR of 10% through 2034.

“Product development and keeping up with the latest innovations in the industry is very essential in this market. Companies in the FRP bridge market must invest in research and development to innovate new FRP bridge solutions, such as modular systems, pedestrian bridges, and trail bridges. This will help them enhance durability, ease of installation, and performance in various environmental conditions,” – opines Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).

Competitive Landscape:

FRP bridges are becoming increasingly popular due to their lightweight, durable, and corrosion-resistant nature.
The market for FRP bridges is highly competitive, with many companies worldwide vying for a share of the market.
Some of the most prominent companies in this market include B&B FRP Manufacturing Inc., Bedford Reinforced Plastics, Composite Advantage, LLC., Creative Pultrusions, Inc., CTS Bridges Ltd, etc.
Key players in the market often collaborate with government bodies and defense entities to develop innovative solutions that meet specific infrastructure and defense requirements.

Key Companies Profiled:

B&B FRP Manufacturing Inc.
Bedford Reinforced Plastics
Composite Advantage, LLC.
Creative Pultrusions, Inc.
CTS Bridges Ltd
Strongwell Corporation
Hughes Brothers, Inc.
Fibrelite
Exel Composites
RS Technologies Inc.
Tuf-Bar
Diversified Structural Composites
Kenway Corporation
Ten Cate
Martin Marietta Composites
Owens Corning
AIT Bridges
ACE Advanced Composite Engineering GmbH
Sireg Geotech Srl
Molded Fiber Glass Companies

FRP Bridge Market Segmentation Analysis:

By Type:

Glass Fiber
Carbon Fiber

By Resin Type:

Vinyl Ester
Polyester
Others

By Manufacturing Process:

Pultrusion
Hand Lay-Up

By Region:

North America
Latin America
Asia Pacific
Middle East and Africa (MEA)
Europe

Author:

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and market analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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Virtual Infrastructure Manager Market is Expected to Reach US$ 9833 Million by 2032 | Future Market Insights, Inc.

The global virtual infrastructure manager market is expected to grow at a CAGR of 12.1% from 2022 to 2032. The market is anticipated to reach US$ 9833 million by 2032 and surpass US$ 3150 million in 2022.

Virtual infrastructure manager is software that is preferred by the vast majority of Infrastructure-as-a-Service organisations to ensure the smooth operation of their physical and virtual assets. Virtual infrastructure manager enables organisations to assemble full lifecycle executives of equipment and software to control and oversee NFV infrastructure, stockpiling, and organisational assets.

Virtual infrastructure manager has a few development highlights, including executives who manage the virtualized infrastructure life cycle and improved execution.

Virtual Infrastructure Manager Market: Drivers and Restraints

Virtual infrastructure manager is used to manage wide range of virtual IT resources across multiple physical server to offer centralized administration of virtual resources by creating, storing and patching which is turning to be the major driving factor of virtual infrastructure manager market.

Moreover, the rising demand of virtual infrastructure manager for unified and virtual infrastructure monitoring is also turning to be the major factor driving the virtual infrastructure manager market in positive manner. Tracking physical machines and virtual machine is the major challenge faced by Infrastructure-as-a-service providers.

Global Virtual Infrastructure Manager Market: Competitive Landscape

Key Players

The major player operating in Virtual Infrastructure Manager market includes Ericson, Cisco, Netapp, Enterprise Management Associates Inc., CA Technologies, SevOne, Fujitsu Ltd., and Avaya Inc.

Recent Developments in the Virtual Infrastructure Manager Market

Virtual infrastructure manager market report explains that the players are investing more in research and development so that they can introduce new and innovative applications to offer traffic analysis details across LAN, WAN, and cloud environments.

With the advent of new service provider functions, the virtual infrastructure manager market has become mainstream. Cloud-based management is used mainly for mobile core services and virtual networking services and is deployed globally in telecommunications data centres mainly in the central and regional regions. Most competitors in the virtual infrastructure manager market adopted partnerships as a key strategy to expand their geographical footprint and upgrade their product technologies.

Cisco has deployed virtual packet cores (VPC), virtualized managed services, and virtualized infrastructure services in over 100 networks. Observers can identify the leading practice approach to NFV design and operation as the industry hits the hype cycle slope of enlightenment.
The leader in cloud data services, NetApp, announced on April 29, 2020, that it acquired CloudJumper, a leader in virtual desktop infrastructure (VDI) and remote desktop services (RDS). This acquisition may enable NetApp to deliver a comprehensive solution that combines virtual desktop management and application management. This also enables customers to deploy, manage, monitor, and optimize those environments from a single provider using any public cloud.

Global Virtual Infrastructure Manager Market: Regional Outlook

On the basis of geography, Virtual Infrastructure Manager market can be segmented into seven key regions namely North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and Middle East & Africa.

Among various regions, the Virtual Infrastructure Manager market in North America is expected to dominate during the forecast period owing to the increasing demand of infrastructure monitoring in this region. North America region is expected to be followed by Western Europe, Japan and APAC.

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

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Telecom Internet of Things (IoT) Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2033

The Internet of Things (IoT) in the telecom industry was estimated to be valued US$ 55.154 billion in 2023. The market is expected to grow at a compound annual growth rate (CAGR) of 22.2% from 2023 to 2033, reaching US$ 410.656 billion. This may be attributed to the growing need for better connection solutions to link smart devices.

The telecom Internet of Things (IoT) industry is anticipated to grow rapidly as more industries use IoT goods and services. The IoT ecosystem is expected to grow and be supported by telecom enterprises, owing to advancements in connection technologies and the introduction of 5G networks.

Cost Optimization, Efficiency, and Customer Experience Fuel Telecom IoT Expansion

The need for telecom services and connections is fueled by IoT’s growing adoption across numerous industries, including healthcare, manufacturing, and transportation. A strong telecom infrastructure is needed due to the growth of linked devices and the requirement for seamless communication between them.

Another significant factor is the development of 5G technology, which offers low latency and quicker data transmission rates, making it perfect for Internet of Things (IoT) applications. The growing emphasis on cost optimization, increased effectiveness, and improved customer experiences helps the telecom IoT market to flourish.

Interoperability Challenges: Hindering Adoption of IoT Solutions in Telecom

While the telecom Internet of Things (IoT) market presents significant opportunities, several restraining forces can impact its growth. One key factor is the security and privacy concerns associated with IoT devices. As connected devices increase, so does the potential for cyber threats and data breaches. This poses a challenge for telecom companies in ensuring robust security measures.

The complexity of IoT deployments and interoperability issues between different devices and platforms can hinder the widespread adoption of IoT solutions. Limited network coverage in certain regions and the high costs associated with implementing IoT infrastructure are restraining forces in the telecom IoT market.

North America: A Leading Market

North America has been a leading market, driven by leading technology players and the early adoption of IoT solutions across healthcare, transportation, and manufacturing industries. The region benefits from advanced telecom infrastructure and government initiatives promoting IoT development.

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Europe’s Telecom IoT Landscape: Smart Cities and GDPR Influence

Europe is another significant market, with countries like Germany, France, and the United Kingdom investing in smart city projects and industrial automation. The European Union’s general data protection regulation (GDPR) has influenced the region’s IoT data privacy and security approach.

Asia Pacific: Rapid Growth in Telecom IoT Driven by Population and Smart City Initiatives

Asia Pacific is witnessing rapid growth in the Telecom IoT market, primarily due to the large population, increasing urbanization, and the adoption of smart city initiatives in countries like China, India, and South Korea. These factors and advancements in telecom infrastructure and the proliferation of connected devices contribute to the market expansion.

Key Takeaways

North America to grab a market share of 27.1% from 2023 to 2033.
Europe to hold a market share of 24.3% from 2023 to 2033.
The United States might increase its market share by 19.4% between 2023 and 2033.
Between 2023 and 2033, Germany may hold 9.4% of the industry.
Japan’s share of the industry could reach 5.4% between 2023 and 2033.
Australia to hold a 3.2% share of the market from 2023 to 2033.
During the forecast period, Chinese business to expand at a CAGR of 20.4%.
From 2023 to 2033, the United Kingdom industry to register an 18.7% CAGR.
Through 2033, the Indian market to record a CAGR of 25.6%.

Competitive Landscape

The market was quite cutthroat and changing quickly. Established telecom firms faced up against fierce competition from newcomers, specialized IoT providers, and market-entry tech giants. The competitive landscape was impacted by 5G deployment, data security, and regulatory compliance. The competition was anticipated to remain fierce and foster additional innovation and industry growth as demand for IoT solutions in various industries grew.

Recent Advancements

Deutsche Telekom, DigitalBridge, and Brookfield cooperate for its German and Austrian tower assets, GD Towers.

Deutsche Telekom has formed a cooperation with GD Towers. Through this partnership, Deutsche Telekom can use the GD Towers’ current infrastructure to increase the size of its network coverage. It allows the business to improve its telecom offerings and satisfy the expanding connectivity needs.

Vodafone Business and Hyundai Motor Group Strengthen Relationship

Hyundai Motor Group and Vodafone Business have partnered to offer Hyundai and Kia customers in Europe in-car infotainment services. The partnership intends to improve the driving experience by providing connected services through Vodafone’s worldwide IoT platform, such as multimedia content, real-time traffic updates, and cloud-based navigation.

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