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Europe Market Outlook

The testing of compression is having long sought benefits across automotive applications and research and testing laboratories in Europe. Companies in countries such as Germany and U.K. are focusing to develop their R&D capabilities by improving quality of their processes.

Trends in automatic testing and digital testing are surging across the region, with a pooling demand from the metallurgical sector. Also, leading companies from the European region are eyeing to capture potential from the developments in materials industry such as polymer development and material characteristics improvement.

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Connected solutions for oil & gas sector are expected to surge at a CAGR of 16.3% between 2020 and 2030. VR training emerges as a popular connected solution in the oil and gas market as it remains on the cusp of digital transformation. Connected pipeline solution solving challenges associated with damaging leaks leading to massive losses. IoT plays a critical role in minimizing downtime with machine learning and predictive analytics. Fleet management remains undeniably important to asset tracking and improved deliveries. Connected solutions for oil & gas market also enable remote monitoring – an appropriate solution to operational challenges due to COVID-19.

Need for Operational Optimization in Wobbling Oil & Gas Sector Fuels the Adoption of Connected Solution

Connected solutions surfaced as a key enabler across industries, including oil & gas – providing error solutions for seamless operations. It has gained momentum as companies engaged in upstream, midstream, as well as downstream activities, are emphasizing on optimizing the operations, to remain relevant and profitable.

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Connected Pipelines Rescue Suppliers from Biggest Challenge Caused by Damaging Leaks

Solutions such as connected pipelines for end-to-end management to prevent incidents, ensure safety, resiliency, and security are expected to establish exceptional efficiency.

In a recent development, Scheider Electric and Cisco joined hands improve operational efficiency and Total Cost Ownership (TCO) to ensure quick solutions to complex network issues. The smart pipeline offers a real-time control through SCADA system.

IoT in Oil and Gas Sector Proves Mettle with Predictive Maintenance Solutions

Efforts to minimize downtime with machine learning and predictive analytics have brought spotlight on Internet of Things (IoT).

IoT has particularly worked towards reducing non-productive time (NPT) that can be caused by usually understood elements such as weather changes. Cost reduction and risk management are the primary objectives that have been achieved by IoT with asset tracking and predictive maintenance solutions.

Fleet Management Software Paces Ahead as Remote Monitoring Reduces Downtime 

Future Market Insights states, the oil & gas fleet management application segment is expected to increase almost 4X during the forecast period (2020-2030), registering a CAGR of around 15% during the forecast period.

Despite the ongoing geopolitical and climate changes the oil and gas industry has been operating in an organized and coordinated manner. Transportation of inflammable materials with improved efficiency, reduced costs, and in compliance with government regulations across multiple borders can been possible with exceptional fleet management software.

Connected Solutions for Oil & Gas Reduces Cost for Upstream Activities with Real-time Monitoring

In this time of fluctuating crude prices, upstream oil & gas companies are focusing on reducing cost of exploration and production by adopting innovative technologies like big data and industrial IoT. Connected oil and gas solutions are helping upstream companies in exploration process by enabling them with the better idea of subsurface geology and faster processing of data and transforming them into surface models.

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Solution Enablers Strengthening Presence in Asian countries : Regional Outlook for Connected Solutions in Oil & Gas Sector

Economic growth and increasing oil and gas demand as a result of large scale industrialization in the countries of East Asia and South Asia is playing a pivot role in development of connected solutions for oil & gas sector. Established oil & gas companies are updating operation by integrating connected solution. A three fold increase in spending on connected solutions anticipated by leading oil & gas companies in the region during the forecast period.

In terms of value, the connected oil and gas market in East Asia and South Asia & Pacific collectively captured the 1/4th of the global value in 2019. The strong growth in oil and gas demand from countries such as China and India is playing a crucial role in driving the adoption of these smart solutions that enable exceptional efficiency.

Enabling Employee Safety with Connected Oil and Gas Solutions

Real-time communication at exploration sites generates raw data, which can be analyzed and monitored with these software and solutions for better output. For instance, drilling operations using sensors can deliver continuous diagnostics ensuring efficiency, safety, and reduced cost of operations.

Availability of accurate data for making quick decisions, reduced equipment failure, and persistent plant automation have led to increased safety of workers. Analyzing patterns and comparing it to historical data can predict events before they happen, creating a safer work environment for upstream players.

The Sector is Open for Innovators, but Tech-Goliaths Lead from the Front

Continuous investments and focus on developing collaborative partnerships to innovate and develop digital capabilities to leverage new business models has become a key strategy of solution providers. It has been instrumental in enhancing their customer reach and sales revenue.

Partnerships and collaborations with policy makers and governments are also helping connected solutions for oil & gas solution providers to tackle disruption in supply and demand and unlock values for ever-changing and diverse needs.

Key Players in the Connected Solutions for Oil & Gas Market are:

• Cisco Systems, Inc.
• Intel Corporation
• Sierra Wireless
• General Electric
• Honeywell International
• Telit
• Schneider Electric
• Siemens AG
• Robert Bosch GmbH

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Connected Solutions for Oil & Gas Market: Segmentation

The global connected solutions for oil & gas market is segmented in detail to cover every aspect of the market, and present a complete market intelligence approach to readers.

Component

• Hardware
• Software
• Services

Value Chain

• Upstream
• Midstream
• Downstream

Application

• Asset Tracking and Monitoring
• Predictive and Preventive Maintenance
• Supply Chain Management
• Leak Detection
• Fleet Management
• Others

Region

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

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The global demand for heart beat monitors and sensors is anticipated to rise at an incredible CAGR of over 13% during the forecast period between 2022 to 2032. Growth is attributable to the rising need for continuous monitoring of patients with chronic heart conditions and growing popularity of wearable healthcare devices.

Although the healthcare industry has come a long way in the past few centuries, there is always room for improvement in this sector. The introduction of novel technologies such as internet of things and sensors has triggered a new wave of innovation in healthcare devices like heart beat monitors and the trend is likely to escalate during the forecast period.

Previously heart beat monitors and sensors were mostly used by healthcare professionals and fitness experts. However, with integration of heart beat monitor and sensors in smart watches and several other wearable health monitoring devices, the scenario has completely changed in recent years.

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Innovation in heart monitoring devices has been a key strategy of manufacturers for increasing their sales. Unlike conventional heart beat monitoring devices, the modern heart beat monitors and sensors make use of optics to measure the heart rate. Besides measuring heart rate, they can also measure the oxygen saturation in blood (SpO2),

Growing popularity of heart beat monitors and sensors for vital sign monitoring in patients with heart diseases along increasing adoption of diagnostic wearable medical devices for regular health monitoring is expected to boost market growth during the assessment period.

Which Factors are Triggering the Growth of Heart Beat Monitor and Sensor Market

Rising incidence of cardiovascular diseases worldwide, increasing penetration of wearable healthcare devices, innovations in heart beat monitor and sensor technology, and rapid expansion of healthcare industry are some of the major factors driving the growth in heart beat monitor and sensor market.

Heart beat monitors and sensors have become crucial solutions for patients suffering from chronic heart conditions. These devices have proved effective in improving the quality of life of patients with heart diseases.

Adoption of heart beat monitors and sensors allow patients to continuously monitor and record heart rate, prevent unforeseen health complications, and minimize the overall healthcare costs. They have significantly reduced hospital visits. Driven by this, demand for heart monitors and sensors is slated to grow at a prolific pace during the forecast period.

Similarly, growing health awareness among people regarding the benefits of continuous heart rate monitoring coupled with rapid expansion of the global wearable devices market will further create growth opportunities for the manufacturers of heart beat monitors and sensors during the forthcoming period.

Various companies are embedding heart beat monitors and sensors into fitness bands running watches, and trackers, to help sports and fitness enthusiasts to continuously measure and detect blood flowing through veins as well as to monitor vital signs. This is expected to create growth prospects for hearth beat monitor and sensor market during the assessment period.

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What are the Challenges Faced by the Heart Beat Monitor and Sensor Industry

Despite witnessing a positive growth trajectory, the global heart beat monitor and sensor market is facing various obstacles that are slowing down its growth to a large extent. Some of these factors are the lack of availability of these products across low economies, inconsistency issue of heart beat monitor and sensors during certain instances, and high cost associated with heart beat monitoring devices.

What is the Growth Projection for the North America Market

Currently, North America accounts for the largest share of the global heart beat monitor and sensor market and is expected to continue its dominance during the forecast period from 2022 to 2032. Growth in the market is driven by the ever-increasing trend of automation in healthcare industry, growing adoption of IoT technologies, rise in patient pool, and presence of leading market players.

Demand for heart monitors and sensors is rising at a stupendous pace across the United States due to increasing prevalence of heart diseases and growing popularity of wearable healthcare devices.

According to the Centers for Disease Control and Prevention (CDC), around 659000 people die from heart disease across the United States each year. This is prompting people to use heart monitoring devices like heart beat monitors and sensors.

Market Competition

Some of the key participants present in the global heart beat monitor and sensor market include Garmin Ltd., 4iiii Innovations, Medtronic (Zephyr), Polar Global, LifeTrak Inc., Wahoo Fitness, Cardiosport, and Suunto among others.

Amid rising demand for wearable heart monitoring devices, leading players are introducing novel products with additional features. Furthermore, they have adopted various strategies such as partnerships, collaborations, mergers, and acquisitions to expand their global footprint.

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Key Segments Profiled in the Heart Beat Monitor and Sensor Industry Survey

By Monitoring Type:

• Vital Sign Monitoring
• Diagnostic Monitoring
• Specialized Monitoring

By Application:

• Self-care
• Tele-health
• Medical

By Region:

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

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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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The global automotive HMI market is predicted to grow at a rate of 14.7% CAGR over the course of the forecast period, reaching a revenue of US$ 10,652.1 million in 2022 and US$ 41,877.6 million by 2032.

The future has already arrived, wherein driver no longer interacts with the vehicle by using conventional techniques. Automotive Human-Machine Interface (HMI) is evolving in such a way that driver in the vehicle can have real-time communication with vehicle system to interact without distraction while driving the vehicle. Automotive Human-Machine Interface is rapidly growing due to focus on safety, customization, and interaction without distraction.

Human machine interface is portal to exchange information, converts raw and unorganized data into useful and actionable data. Gesture control, customization, speech recognition, augmented reality etc. are some of the key features of Human-Machine Interface technologies.

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HMI not only connects the driver and car but with the outside world too. This technology will help the driver to have information about the surrounding environment such as traffic and weather conditions. In addition, such technology improves the driver and passenger safety.

Use of mobile phone while driving is the biggest threat and incorporating Human-Machine Interface (HMI) will overcome this safety threat. Advanced Automotive Human-Machine Interface is taking drivers experience to new levels.

Changing trends in consumer electronics, personal mobile devices and car technology is greatly influencing the Automotive Human-Machine Interface market. Earlier, Human-Machine Interface was used mostly in luxury vehicles, but changing technology and reducing cost will enable manufacturers to introduce Automotive Human-Machine Interface in medium cost segments in the coming years.

Market Dynamics 

Now a days with advancing technologies, consumers are more inclined towards value added features. In order to meet customers demand, automotive manufactures are keen to incorporate better, reliable and value added solutions to earn competitive benefit.

Changing social trends and consumer preferences towards luxury and comfort is fueling demand for Automotive Human-Machine Interface market. Furthermore, continuous urbanization is supporting demand for smart cars. Rapid urbanization, rising income, digitalization, change in life style and population growth are key drivers for automotive HMI.

Continuous efforts towards establishing new standards for in-vehicle safety to avoid accidents due to lack of coordination between vehicle systems and driver which leads to poor response of driver, is supporting growth of Automotive Human-Machine Interface. Changing legislation towards safety environment is fueling the growth of Automotive Human-Machine Interface market.

Asia-Pacific region is expected to witness comparatively faster growth among all regions, emerging economies such as India and China will propel the growth of Automotive Human-Machine Interface in next few decades. Rising disposable income, population growth and changing life style trend supports the growth of this technology.

Automotive HMI is playing significant role of security and customization, which is influencing the adoption of advanced automotive human-machine interface. Apart from this, advanced technological innovation is creating supportive atmosphere in automotive industry for growth of Automotive Human-Machine Interface market.

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Key Players 

Some of the key players and service providers for Automotive Human-Machine Interface identified and included in the report of are:

• Alpine
• Luxoft
• Elektrobit
• Magneti Marelli
• Clarion
• Delphi Automotive
• Johnson Controls
• Continental Aktiengesellschaft
• Valeo
• DENSO
• Tata Elxsi and
• EAO AG and
• Auto-Electronics

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

The report covers exhaustive analysis on 

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

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Key Segments Profiled in the Automotive HMI Market Survey

By Type:

• Input
• Output

By Technology Type:

• Mechanical Interfaces
• Acoustics Interfaces
• Visual Interfaces
• Haptic Interfaces

By End Users:

• High-End Vehicle
• Low-Cost Vehicle

By Region:

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

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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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In fast growing economies and developing markets, oil & gas and chemical industries are expected to witness traction in the coming years. Advancements in technology have led to higher acceptance for products, such as noise insulation jackets Market , which are used to reduce noise pollution in the workplace.

Motors and compressors are leading offenders when it comes to noise pollution. Different types of noise insulation jacket materials are available in markets, such as silicone, fiber glass and pyrogel XT-E.

Continuous exposure to high noise levels leads to a plethora of harmful effects, such as increased stress, hearing loss, increased blood pressure, heart problems and trouble in concentrating and interference with verbal communication.

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Hence, noise insulation jackets are expected to emerge as an essential product in the near future and will be used by various end-user industries. Strong outlook for end-user industries in the coming years will create considerable opportunities for noise insulation jackets manufacturers.

Noise Insulation Jackets Market Drivers:

In the industrial sector, noise insulation jackets generally improve occupant & workplace comfort by reducing noise pollution, which is expected to be the prime factor responsible for the growth of the noise insulation jackets market over the forecast period.

Moreover, noise insulation jackets can be easily removed and replaced, which facilitates easy repair and maintenance. This is also expected to give traction to the growth of noise insulation jackets in the coming decade. That apart, ever growing end-use industries, such as oil & gas, chemicals, automotive, construction, etc., both in developing and developed economies, are expected to further boost the demand for noise insulation jackets over the forecast period.

Concrete block making machines review are used for the production of concrete blocks that are used in residential buildings, commercial buildings and interior & exterior walls of buildings. In concrete block making machines, a feeder box is attached, which enables the easy feeding of material into the mould. Components, such as hydraulic pumps, vibratory platforms, and travellers, are used for the proactive production of concrete blocks. In the concrete block making machines market, manufacturers are keenly focused on the customisation of concrete blocks according to the demands of customers, which include an increase the production capacity of machines with low-cost investments. In the technology segment, the semi-automatic type of concrete block-making machines segment is projected to grow at a noteworthy growth rate owing to the rising demand for lightweight concrete blocks mainly from end-user industries. In the concrete block making machines market, large-scale players are collaborating with small-scale players to gain inorganic growth in the concrete block making machines market. In addition, manufacturers are also focusing on producing automatic interlock block making machines that can produce all types of blocks, bricks and pavers with the option of changing the moulds. These machines occupy a small area for installation.

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Concrete Block Making Machines Market: Dynamics

Increase in the number of government construction projects, coupled with an increase in the number of multi-storey buildings across the globe, is projected to boost the demand for concrete block making machines over the forecast period. Moreover, growing public awareness pertaining to the usage of lightweight construction blocks and a rapid boom in the construction of commercial building for malls, offices and others is expected to ensure healthy growth in the demand for concrete block making machines over the forecast period. Furthermore, the beneficial features of concrete block making machines, i.e. optimal performance, reduce errors, and compact design, are also projected to make the adoption of concrete block making machines more lucrative for customers over the forecast period.

On the other hand, lack of resources for operating high-capacity concrete block making machines, such as the requirement of three-phase electricity supply that is not easily available in some concrete block manufacturing plants, is likely to hamper the sales of the concrete block making machines during the forecast period. Furthermore, an additional vibratory platform needs to be attached with concrete block making machines to move the finished blocks, which requires high initial cost as well as regular maintenance.

Concrete Block Making Machines Market: Segmentation

On the basis of operation, the concrete block making machines market can be segmented as:

Manual
Semi-automatic
Fully-automatic

On the basis of production capacity, the concrete block making machines market can be segmented as:

Low capacity
Medium capacity
High capacity

On the basis of installation, the concrete block making machines market can be segment as:

Laying machines (Movable machines)
Stationary machines

On the basis of end user, the concrete block making machines market can be segmented as:

Residential building
Commercial building
Industrial building (Thermal power projects and others)

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Concrete Block Making Machines Market: Regional Outlook
Asia Pacific is projected to dominate the concrete block making machines market owing to an increase in urbanisation and growth in the construction industry. The concrete block making machines market in India and China is expected to gain traction owing to the increasing demand for various shapes of concrete blocks such as solid building blocks and concrete erosion control blocks. Europe is projected to be the second-largest market for concrete block making machines owing to the rising demand for designed and lightweight concrete blocks, mainly from single family houses. The concrete block making machines market in North America is projected to grow at a lucrative rate during the forecast period due to an increase in the construction of high-rise buildings and supportive government projects such as education and public buildings. The Middle East and Africa concrete block making machines market is also expected to gain significant traction owing to the rapid growth of the construction industry, mainly in Dubai and U.A.E., over the forecast period.

Concrete Block Making Machines Market: Key Participant
Examples of some of the market participants identified across the value chain in the concrete block making machines market are:

HESS Group
Everon Impex
Chirag International
Reva Engineering Enterprises
Santhosh Engineering Works
Hanje Hydrotech
Hydraform International
ROMETA
Prem Industries
Shri Engineering Enterprises

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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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Next generation ultrasound system is a device that integrates a number of imaging diagnoses related to a wide variety of clinical segments. This device has been introduced in order to make the diagnostic work more efficient with the technological aspects, and it is a better option than the standard ultrasound machine in terms of quality, mobility and cost.

The device is used to enhance the productivity and provide high-quality images. The technique has gained quick acceptance as a user-friendly device owing to its robust applications for growing patient pool across the globe. Next generation ultrasound system is also used to monitor the progress of patients and provide point-of-care diagnosis in remote locations, clinics at battlefields, emergency rooms, and independent clinics.

The next generation ultrasound system is a compact device—best combination of high performance and portability. Next generation ultrasound systems are used for general imaging, musculoskeletal imaging, vascular interventional procedures, interventional, anaesthesiology, and breast imaging, thyroid and phlebology applications, etc.

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With the advancement and widening of applications, medical technology companies have developed new tools for next generation ultrasound systems that are small, portable, reliable & fast and also provide high-quality images. With the availability of USB ports, next generation ultrasound systems have replaced hard copies of the scanned reports. The next generation ultrasound system is sensitive and specific for tissue differentiation, provides elastography, and collects the images of the organs rapidly.

Market Segmentation

Among all the end-use segments, the hospitals segment is expected to hold high share in the global market for the next generation ultrasound systems due to high patient pool.

Factors Driving and Restraining the Next Generation Ultrasound System Market

The next generation ultrasound systems market is expected to witness a significant growth over the forecast period due to its growing adoption by clinics and advancement in technology. The key drivers of the market include increasing cases of fatal injuries during pregnancy, prevalence of cancer, growing burden of chronic diseases such as cardiac and orthopedic injuries in aging population, etc.

According to the U.S. Bureau of Labour Statistics, 7% increase of fatal injuries was recorded from a total of 5,190 in 2016. Ease of use, time saving features and crisp images with fast image acquisition of next generation ultrasound system are factors responsible for growing penetration of the device across all end-use segments.

The ultrasound waves emitted are low amplified and do not involve ionizing radiations, owing to which the device is harmless to the patients. However, for many of the complex applications it is hard to replace the standard ultrasound devices.

An Innovative Tool that Enhances Productivity of Diagnostic Centers

Next generation ultrasound machines are small and compact and can be carried anywhere, i.e., they are about the size of a laptop. Next generation ultrasound systems can work as standalone systems and portable devices as well. They are used in many clinical settings, due to their non-invasive nature, lack of ionizing radiation, and the ability to visualize internal organs irrespective of the sizes.

The device provides a high user interface, and is designed for different clinical departments. Also, it gives a wider field of view and allows the system to be accessed easily from hospitals, clinics and diagnostic centers.

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Regional Outlook

North America is one of the dominant markets in the global next generation ultrasound system market and is expected to follow the same trend throughout the forecast period, due to increased acceptance of portable devices by the end users. The high penetration rate of the devices in the U.S. has made it a dominating country in North America.

Economic conditions in the APAC region are set to drive the next generation ultrasound market to a new level. Europe and APAC are expected to be the fast-growing markets due to rising popularity of portable devices. Latin America is expected to expand at a significant CAGR due to rising healthcare expenditure in order to increase the patient compliance.

When compared to the other regions, the growth of next generation ultrasound systems market in the Middle East and Africa is considerably slow. However, emerging economies such India, China, and Brazil are expected to witness high growth rates over the forecast period.

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