FMI Prediction States Global Process Instrumentation Market Valuation to Surpass USD 37.34 Billion Mark by 2033, Growing at 7.3% CAGR

The global process instrumentation market is set for significant growth, with a projected valuation of USD 37.34 billion by 2033. This expansion is anticipated to occur at a robust Compound Annual Growth Rate (CAGR) of 7.3% from a market size of USD 18.46 billion in 2023.

Several key end-use industries are driving this growth. Chemicals, pharmaceuticals, water/wastewater treatment, oil & gas, and power generation all heavily rely on process instrumentation to improve efficiency, productivity, and safety. This reliance translates into substantial demand for advanced instrumentation solutions across these sectors.

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Insights into Process Instrumentation Market Growth and Regional Leadership:

  • Anticipating an impressive 7.3% Compound Annual Growth Rate (CAGR), the process instrumentation market is set to achieve a valuation of USD 37.34 billion by 2033.
  • The market demonstrated remarkable growth in the past, with a substantial valuation of USD 12.98 billion in 2018, underscoring its robust trajectory.
  • Leading the global market, the United States is projected to attain a CAGR of 6.1% by 2033, affirming its pivotal role in shaping industry progress.
  • The United Kingdom is notably establishing a significant presence, showcasing vigorous growth with a forecasted CAGR of 6.4%.
  • With a substantial market share of 6.7%, Japan is expected to wield considerable influence over the global market throughout the forecast period.

Elevating Product Offerings: Strategies Implemented by Key Industry Players Prominent industry players are consistently advancing their products through strategic approaches such as:

  • Research and Development Initiatives: Substantial resources are dedicated to research and development, aiming to enhance efficiency, precision, and reliability. By incorporating advanced features like data analytics, wireless connectivity, and artificial intelligence, they deliver improved performance.
  • Collaborative Efforts: Collaborations with research institutions yield innovative products that leverage cutting-edge technologies. Harnessing research specialists’ expertise fosters product development driven by state-of-the-art insights.
  • Customer-Centric Approach: Key players engage with customers to understand preferences and needs, leading to tailored and innovative products. Continuous enhancements based on valuable feedback ensure consistent customer satisfaction.
  • Quality Assurance: A commitment to quality underpins major players’ reputation. Adhering to compliance standards and obtaining certifications instills trust and brand loyalty among customers.

These strategic endeavors perpetuate innovation, enabling key players to maintain their competitive edge while delivering exceptional value to customers.

Key Players Profiled:

  • Siemens AG
  • Yokogawa Electric Corporation
  • Emerson Electric Co.
  • ABB Ltd
  • General Electric SE
  • Honeywell International Inc
  • Rockwell Automation Inc
  • Danaher Corporation
  • Brooks Instrument LLC
  • Fuji Electric Co, Ltd
  • Vega Grieshaber KG
  • WIKA Alexander Wiegand SE & Co. KG
  • Azbil Corporation
  • Krohne Messtechnik GmbH
  • Badger Meter, Inc

Recent Developments in the Global Market:

  • In 2021, Honeywell International Inc. announced its newly launched product LX+ Distributed Control System to improve security and operate effectively to process plants for small industries.
  • In 2021, Yokogawa Electric Corporation announced its newly launched product TDLS8100.
  • In 2021, Schneider Electric SE announced its newly launched product EcoStruxure. It controls industrial automation systems with collaborative engineering.
  • In 2021, Emerson Electric Co. announced its acquisition of 3D spatial intelligence technology. This acquisition took place to offer digital transformation and autonomous operations.
  • In 2021, Siemens AG announced its collaboration with Google Cloud. This collaboration took place to develop artificial intelligence solutions to reduce emissions and optimize energy in manufacturing.

Market by Categorization:

By Type:

  • Control Valve
  • Temperature
  • Level
  • Flow
  • Pressure

By Application:

  • Oil & Gas
  • Chemical
  • Agriculture
  • Petroleum
  • Power Generation
  • Others

By Region:

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

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 States Global Cylindrical Grinders Market Revenue to Exceed USD 4.8 Billion Mark by 2033, Growing Steadily at 4.8% CAGR

The global Cylindrical Grinders Market is poised for substantial growth, with a projected value of USD 3.0 billion by the year 2023. Over the following decade, from 2023 to 2033, the demand for cylindrical grinders is forecasted to witness a steady ascent, with sales expected to surge at a compound annual growth rate (CAGR) of 4.8%. By the conclusion of 2033, the total market valuation is anticipated to soar to USD 4.8 billion.

Cylindrical grinders are indispensable tools used for shaping the exterior of various objects. These versatile machines can accommodate a diverse range of shapes, provided the objects possess a central axis of rotation.

The applications of cylindrical grinders span across multiple industries, including automotive, aerospace, and military sectors. The versatility and precision offered by these machines have led to a wave of advancements and innovations across various domains.

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Current Trends:

As automation continues to revolutionize the manufacturing sector, cylindrical grinders are rapidly embracing this trend.

Manufacturing companies are embracing robotic automation and advanced technologies, integrating them seamlessly into their cylindrical grinders. By doing so, they aim to enhance operational efficiency while simultaneously curbing labor costs, thereby driving a notable increase in the market share of cylindrical grinders.

The advent of the Internet of Things (IoT) and the principles of Industry 4.0 are catalysts for the widespread adoption of interconnected machinery and intelligent manufacturing facilities.

Cylindrical grinders are undergoing a transformation with the incorporation of sensors and sophisticated software, facilitating real-time monitoring and predictive maintenance. This shift not only optimizes efficiency but also minimizes downtime, presenting manufacturers with fresh avenues for growth.

Consumer preferences are evolving towards personalized solutions, prompting a surge in demand for customized cylindrical grinders tailored to specific requirements. Companies that can offer adaptable and customizable solutions will stand out in the market, appealing to a broader spectrum of clientele.

Key Players:

  • AZ spa
  • BEIER Machine Tool WORKS
  • Doimak
  • Ecotech Machinery
  • Ewag AG
  • Gleason
  • Gioria s.p.a
  • KAPP
  • Knuth Machine Tools

Recent Developments:

In the realm of precision engineering, AZ Spa unveiled an array of cutting-edge cylindrical grinding machines in 2021, engineered to achieve exceptionally tight tolerances during the grinding process. These state-of-the-art machines find applications across diverse sectors such as aerospace, automotive, and medical, where precision is paramount.

Building upon their success, AZ Spa took a significant leap forward in 2022 by integrating advanced automation and flexibility functionalities into their cylindrical grinding machines. This strategic enhancement enables seamless customization to cater to individual customer requirements while simultaneously streamlining setup procedures and bolstering productivity levels.

Cylindrical Grinders Market Segmentation:

By Type:

  • CNC
  • Manually-Controlled
  • PLC-Controlled

By Application:

  • Metal
  • Glass
  • Granite
  • Wood
  • Others

By Region:

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

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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Smart Building Solutions Market Outlook: Striving for US$ 15.6 Billion by 2033

The smart building solutions market is projected to experience consistent growth with a Compound Annual Growth Rate (CAGR) of 12.5% from 2023 to 2033. By 2033, it is anticipated to capture a market share of US$ 15.6 billion, while in 2023, the market is forecasted to be worth US$ 1.35 billion.

The demand for smart building solutions is expected to increase because of the rising need to reduce operational expenses, lower carbon emissions, and address energy resource shortages. Companies like Cisco in the smart building solutions industry offer services that help monitor and optimize energy consumption through energy monitoring.

The need for lower operating costs, lower CO2 emissions, and scarcity of energy resources are the factor that increases the demand for smart building solutions. Energy monitoring is one of the major solutions that help to monitor the energy consumption rate and optimize energy usage.

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As the smart building market comes under the automation and control sector which is rapidly growing it leads to the growth of the smart building solution market which is largely driven by the electronic security & safety segment due to increasing demand for CCTV and biometrics-based security systems in the buildings.

In Heating, Ventilation, and Air Conditioning (HVAC) buildings, increasing the demand for thermostats, zone and climate control, sensors, and keypads which support the growth of the smart building market, while emerging carbon dioxide & combined sensors will have a significant impact on the overall smart building market.

Smart Building Solutions Market: Drivers and Restraints

The initiatives taken by the government for building automation are the primary drivers in the global smart building solutions market. In addition to this, the concept enables an efficient energy management system of a building which reduces the wastage of energy consumption. Therefore, it drives the demand for smart building solutions.

Furthermore, the connectivity achieved between devices on the internet, with the introduction of IoT, will enhance the overall efficiency of smart buildings. Henceforth, the introduction of IoT will drive the overall growth of the global smart building solutions market. The ongoing innovation and research for optimizing energy consumption and serving a high degree of automation in buildings represents the increasing demand for the global smart building solutions market.

High installation and manufacturing costs are the major factors restraining the growth of the smart building solutions market.

Global Smart Building Solutions Market Trends

Minimizing the usage of wire and implementing a wireless connection for automation of a building is a key trend followed by major vendors. The trend is majorly implemented in Residential buildings for integrating various connected devices with each other.

Global Smart Building Solutions Market Technology Regional Overview

Europe dominates the global Smart Building Solutions market as the government has taken many initiatives in the region, for the same. Europe is expected to be followed by North America and APAC with the increasing awareness in the regions for adopting smart building solutions in their buildings. The availability of resources, innovations in IT, and increasing adoption of the smart building solutions concept is, furthermore, encouraging new players to step into the market.

Leading Key Players:

Major key players in the Smart Building Solutions Market include ABB, Siemens AG, Intel Corporation, Honeywell International Inc., Schneider Electric, Legrand SA, Panasonic Corporation, Building IQ, Cisco Systems Inc., and DELTA CONTROLS. These companies are at the forefront of innovation, offering advanced technologies and solutions to enhance building efficiency, sustainability, and occupant comfort through smart building systems and automation.

Recent Developments in the Smart Building Solutions Market

Johnson Controls finalized the acquisition of FogHorn, the industry’s top provider of Edge AI software for business and industrial Internet of Things (IoT) solutions, in January 2022.

Legrand introduced its Living Now design in September 2021. It is distinguished by its exceptional design purity and the accuracy of its geometries to fit all dwellings. With connected smart systems, it can be implemented to demonstrate its revolutionary possibilities.

Hitachi, Ltd. said in December 2020 that it was creating an IoT platform that might provide buildings with the high-added value necessary for the new normal, including better user comfort and high management efficiency.

  • In September 2021, Legrand launched Living Now, which features extreme purity of design and the precision of its geometries to suit all homes. Installing it with connected IoT systems demonstrated its innovative potential.
  • Hitachi Ltd., in December 2020, announced the development of an IoT platform that brings buildings the high-added-value required for the upcoming normal. This includes high efficiency of building management and improved comfort for building users.

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. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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T: +1-347-918-3531
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Global Rare Gastrointestinal Diseases Treatment Market Expected to Reach USD 1,940.6 Million by 2033 at a 3.7% of CAGR

Global Rare Gastrointestinal Diseases Treatment Market
Global Rare Gastrointestinal Diseases Treatment Market

The global rare gastrointestinal diseases treatment market achieved a valuation of approximately USD 1,314.8 million in 2022 and is projected to reach USD 1,353.2 million in 2023. According to Future Market Insights (FMI), the market is anticipated to grow at a compound annual growth rate (CAGR) of 3.7% from 2023 to 2033, potentially accumulating a market value of USD 1,940.6 million by the end of the forecast period.

Rare gastrointestinal diseases, which occur infrequently within the general population, affect fewer than 200,000 patients in the United States alone. The International Rare Diseases Research Consortium (IRDiRC) defines a rare disease as one affecting fewer than 1 in 2,000 citizens. Despite their rarity, the combined population of 800 million individuals can mean that any single rare disease may impact hundreds to thousands of people, highlighting the need for effective treatment solutions.

Key Growth Drivers:

  • Increasing awareness of gastrointestinal diseases: Enhanced understanding and education around rare gastrointestinal conditions are driving demand for effective treatment options.
  • Development of innovative medications: Ongoing research and advancements in drug development are expanding the range of treatments available for rare gastrointestinal diseases.
  • Government initiatives and funding: Support from governmental bodies and collaborative efforts in research and development are enhancing the treatment landscape for rare gastrointestinal diseases, further encouraging market growth.

As awareness of rare gastrointestinal diseases continues to rise, the market is positioned for moderate yet meaningful growth. This trend emphasizes the importance of research, innovation, and collaboration in improving patient outcomes and access to treatment.

Gastrointestinal rare disease treatment available to overcome this life-threatening gastrointestinal rare disease that can help to reduce the impact from the worldwide diseased population. New treatment successfully developed and approved by the Specific regulatory authority which improved quality as well as the quantity of life. The global cooperation and collaboration amongst scientist, researcher, company, and government creates the opportunity to make the 200 new therapies in rare disease treatment by the year.

Rare Gastrointestinal Diseases Treatment Industry: Region-wise Outlook

By region, Global Gastrointestinal Rare Diseases Treatment market is segmented into five key regions viz. North America, Latin America, Europe, Asia-Pacific and Middle East & Africa. North America dominates the Gastrointestinal Rare Diseases Treatment followed by Europe and will continue to dominate the global Gastrointestinal Rare Diseases Treatment market attributed to increasing number of patients having the gastrointestinal rare disease. The Asia Pacific holds the low diagnostic rate of gastrointestinal rare disease by which contributes less market share of global Gastrointestinal Rare Diseases Treatment.

Global Rare Gastrointestinal Diseases Treatment Industry: Key Participants

The key market players in the global Gastrointestinal Rare Diseases Treatment Market include Bayer Pharmaceutical Corp, Teva pharmaceutical, Novartis AG, Sanofi, Pfizer, Inc., GlaxoSmithKline PLC, Eli Lilly and CO., Johnson & Johnson, and others

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

The report covers exhaust analysis on:

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

The 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
  • The 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.

A Full Report Overview

Global Rare Gastrointestinal Diseases Treatment Industry: Segmentation

The Global Rare Gastrointestinal Diseases Treatment Industry segmented by treatment type, End User, and geography

Segmented by Treatment Type

  • Medications
  • Nutritional support

Segmented by End User

  • Hospital
  • Research Institutes
  • Others

Segmented by geography

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding Japan
  • Japan
  • The Middle East and Africa

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: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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FMI Projection States Global Welding Fume Extraction Equipment Market Size to Cross USD 7.4 Billion by 2033, Driving 5.5% CAGR Growth

The welding fume extraction equipment market is poised for significant expansion, with a projected valuation of approximately USD 4.3 billion in 2023, driven by a robust Compound Annual Growth Rate (CAGR) of 5.5% from 2023 to 2033. As the forecast period concludes, global sales of welding fume extraction equipment are expected to reach a substantial USD 7.4 billion.

The increased demand for welding fume extraction equipment stems from its indispensable role across a diverse spectrum of industries. From aerospace and automotive to construction and manufacturing, there is a growing need for effective fume extraction solutions. These dynamic and ever-evolving industries are expanding their horizons, driving the demand for advanced and efficient equipment that not only ensures the health and safety of workers but also aligns with stringent environmental regulations.

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Key Takeaways:

  • By the end of 2033, the market in the United States is expected to progress at an annual growth rate of 5.4%. This regional market could contribute to a revenue share of USD 1.4 billion by following this higher CAGR than other countries by 2033.
  • In terms of worldwide revenue, China alone is poised to account for a sizeable market share of 20% by the end of 2033. This regional market is projected to capture a 5.3% CAGR until 2033, concluding at USD 1.6 billion.
  • In terms of units, the mobile welding fume extraction equipment segment is poised to advance at a CAGR of 5.4% over the next ten years. Its sales remain higher as it is excellent for areas where there may be a need for more space due to its small size.
  • Arc welding is widely used in many applications, increasing its sizeable revenue share in the overall market among all application segments. During the forecast years, the revenue share obtained from sales of fume extraction equipment for arc welding is poised to grow at 5.2%.

Competitive Landscape:

Parker Hannifin, Fumex, AAF International, Air Quality Engineering, and Lasermet are some leading players in the global welding fume extraction equipment market. To tap into expanding markets and broaden their consumer base, leading welding fume extraction equipment manufacturers are expanding their operations into new geographic areas.

While meeting the unique needs of distinct regions requires setting up regional production facilities, distribution networks, and sales and service centers. So, the overall market is anticipated by FMI to get diversified further in the coming days with the emergence of new market players.

Recent Market Developments:

KEMPER Company released the WallMaster filtration system in August 2020 to aid metalworking businesses in optimizing employee safety during welding processes. It is a fixed filter machine that can accommodate two workstations simultaneously and is made especially for filtering medium amounts of welding fumes.

Key Companies Profiled in the Report:

  • Parker Hannifin Corporation
  • Fumex, Inc.
  • AAF International (American Air Filter)
  • Air Quality Engineering
  • Lasermet Ltd.

Key Segmentation Analysis:

By Product Type:

  • Mobile Units
  • Stationary Units
  • Large Centralized Systems

By Application:

  • Arc Welding
  • Resistance Welding
  • Laser Beam Welding
  • Oxy-fuel Welding
  • Other Applications

By Region:

  • North America Market
  • Latin America Market
  • Europe Market
  • East Asia Market
  • South Asia and Pacific Market
  • The Middle East and Africa (MEA) Market

Browse Related Reports:

The small gas engine market is projected to be worth USD 5 billion by 2034.

The oil and gas sensor market is anticipated to be valued at USD 14.1 billion by 2034.

The industrial film market is anticipated to be valued at USD 110.0 billion by 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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Global Flow Meters Market Revenue Projected to Hit USD 13.2 Billion Valuation by 2033, Growing Steadily at 5% CAGR

The global flow meters market revenue is anticipated to reach USD 13.2 billion by 2033, up from USD 8.1 billion in 2023. Future Market Insights is estimated to secure a CAGR of 5.0% for the market between 2023 and 2033.

Flow meters are used in a wide range of industries, including oil and gas, water and wastewater, chemical, and pharmaceuticals, among others. The market expansion is anticipated to be fueled by the rising demand from these industries. Flow meters are the ideal instrument for precise flow calibration equipment needed in industrial activities. The rising industrial production is projected to support market growth.

The development of shale gas reserves is expected to increase demand for flow meters in the oil and gas industry. Flow meters can monitor the speed of operations upstream and downstream, coupled with liquid hydrocarbons in the sector. Maintaining industrial processes at a high standard requires accurate monitoring of liquid and gas flow rates.

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Industrial control loops often adjust incoming liquid or gas flow rates, making precise flow rate monitoring essential. Flow meters are crucial instruments for measuring the mass flow rates of liquids, gases, or mixtures of both. The type of flow meter selected depends on the level of precision required and the intended industry use.  Due to the benefits they offer, flow meters have been made mandatory by governments all over the world.

In the upcoming years, many intelligent systems are anticipated to be in demand. The advantages of flow meters in process industries are anticipated to be further enhanced by these systems.

The demand for flow meters in the water and wastewater sector is anticipated to be driven by the need for effective water management and conservation. In this industry, the implementation of flow meters aids in the precise measurement and oversight of water usage, hence decreasing wastage.

Magnetic and ultrasonic flow meters are two typical non-invasive flow monitoring methods. They are preferred since they do not cause disruptions. They also require little to no maintenance. This trend is expected to drive the demand for non-invasive flow meters.

Given the different technological developments, the market is anticipated to expand throughout the forecast period. Technology breakthroughs are occurring in several fields, including wireless monitoring and control, advanced sensors, and digital readouts.

Manufacturers are increasingly adopting Internet of Things sensors for smart metering solutions. The cutting-edge IoT method enables remote, automated data collection through automatic meter reading. The incorporation of these technological advancements in products is expected to lead to significant market expansion.

Key Takeaways

  • The flow meters market in the United States is expected to upsurge at 3.9% CAGR during the forecast period.
  • The market in China is expected to thrive considerably, registering a CAGR of 5.9% from 2023 to 2033.
  • With a CAGR of 4.5% over the forecast period, the market in Japan is predicted to develop notably.
  • The market in South Korea is predicted to expand significantly between 2023 and 2033, reaching a CAGR of 5.4%.
  • The flow meters industry in the United Kingdom is anticipated to rise significantly, exhibiting a CAGR of 4.2% through 2033.

Competitive Landscape:

Several key players in the flow meters market are making significant investments in research and development to create new and inventive goods. Through partnerships and acquisitions, they are also broadening their product offerings. The purpose of these products is to meet the evolving demands of the end user. Companies are also adopting advanced technologies to improve the efficiency and accuracy of their flow metering solutions.

Recent Developments:

  • In June 2020, ABB launched the Sensyflow FMT700-P Compact, which is a thermal mass flow meter. It is specifically designed for testing hydrogen fuel cells, as well as various components such as turbochargers, throttle valves, air filters, and intake fans.
  • Siemens Digital Industries presented the SITRANS FS230 clamp-on ultrasonic flow meter in February 2020. This flow meter has advanced capabilities for measuring gas flow. It can handle various types of gas and fluid flow applications, including natural, specialized, and system gases.

Key Players:

  • Emerson Electric Co.
  • Honeywell International Inc.
  • Siemens Group
  • ABB Ltd.
  • Yokogawa Electric Corporation
  • Krohne Messtechnik GmbH

Flow Meters Market Segmentation:

By Type:

  • Differential Pressure
  • Positive Displacement
  • Ultrasonic
  • Turbine
  • Magnetic
  • Coriolis
  • Vortex
  • Others

By End-use Industry:

  • Water & Wastewater
  • Refining & Petrochemical
  • Oil & Gas
  • Chemical
  • Power Generation
  • Pulp & Paper
  • Food & Beverage
  • Pharmaceutical
  • Metals & Mining
  • Others

By Region:

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

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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Dysmenorrhea Treatment Market Expected to Reach USD 13,906.5 Million by 2033 at a 8.3% of CAGR

Dysmenorrhea Treatment Market
Dysmenorrhea Treatment Market

The global dysmenorrhea treatment market was valued at approximately USD 5,937.8 million by the end of 2022. In 2023, the market is estimated to grow to around USD 6,324.5 million, representing a year-on-year growth rate of 8.3%. According to Future Market Insights (FMI), the market is projected to reach a value of USD 13,906.5 million by 2033, following a significant compound annual growth rate (CAGR) during the forecast period from 2023 to 2033.

Dysmenorrhea, commonly referred to as menstrual cramps, is characterized by severe pain in the abdominal area, which may radiate to the lower legs and back. This condition affects many women, often beginning during adolescence, typically four to five years after the onset of their first menstrual cycle.

Key Growth Drivers:

  • Increasing awareness of dysmenorrhea: As more women become informed about dysmenorrhea and its treatment options, the demand for effective management solutions continues to rise.
  • Advancements in treatment options: Ongoing research and development in the field of women’s health are leading to innovative treatments that provide relief for those suffering from dysmenorrhea.
  • Growing focus on women’s health: With a heightened focus on women’s health issues, healthcare providers are prioritizing the development and delivery of effective treatment solutions for dysmenorrhea.

The dysmenorrhea treatment market is well-positioned for substantial growth as more women seek effective solutions for managing their menstrual pain. This trend reflects a broader commitment to improving women’s health and enhancing quality of life through better treatment options.

Dysmenorrhea, a prevalent condition affecting women globally, is characterized by painful menstruation. Prostaglandins, hormones generated in the uterine lining during menstruation, play a pivotal role in triggering uterine muscle spasms that cause pain and limit uterine blood flow and oxygen. Various underlying diseases can contribute to menstrual issues, emphasizing the need for effective dysmenorrhea treatment solutions.

The team of analysts at Future Business Insights are focussing on research and market study to produce different Dysmenorrhea Treatment Market forecasts and predictions at both national and international levels. They have considered several leads of information on the industry like market figures and merger estimations to assess and produce reliable and informative insights on the Dysmenorrhea Treatment Market.

Global Dysmenorrhea Treatment Industry Key Companies Profiled:

  • Novartis Pharmaceuticals Corporation,
  • Merck, Inc.,
  • Bayer Schering Pharma AG,
  • Vanita Therapeutics,
  • Alvogen,
  • Pfizer, Inc.,
  • Nua
  • Cora
  • Roche Laboratories,
  • Taj Pharmaceuticals, Ltd.,
  • Sanofi,
  • Terramedic, Inc.

A Full Report Overview

Key Segments Profiled In The Global Dysmenorrhea Treatment Industry

Global Dysmenorrhea Treatment Industry By Diseases:

  • Primary Dysmenorrhea
  • Secondary Dysmenorrhea
  • Endometriosis
  • Adenomyosis
  • Uterine Myomas
  • Endometrial Polyps
  • Cervical Stenosis
  • Obstructive Malformations Of Genital Tract

Global Dysmenorrhea Treatment Industry By Therapeutic Class:

  • Non-Hormonal Medical Treatment
  • Non-Steroidal Anti-Inflammatory Drugs (NSAIDS)
  • Non-Selective Nsaids
  • Cox-2 Inhibitors
  • Transdermal Glyceryl Trinitrate
  • Over-The-Counter (Otc) Medications
  • Hormonal Medicine Treatment
  • Combined Oral Contraceptive
  • Progestin Regimens
  • Levonorgestrel Intrauterine System (LN-IUS)
  • Surgical Options
  • Laparoscopy
  • Hysterectomy
  • Presacral Neurectomy
  • Laparoscopic Uterosacral Nerve Ablation (LUNA)
  • Intrauterine Device (IUD)

Global Dysmenorrhea Treatment Industry By Region:

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • APAC
  • Japan
  • MEA

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)

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: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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FMI Prediction Affirms Global Industrial Chain Drives Market Revenue to Surpass USD 6.5 Billion by 2033, Driven by 3.6% CAGR Growth

The global industrial chain drives market size is expected to exceed a valuation of USD 4.6 billion in 2023. It is anticipated to attain a valuation of USD 6.5 billion by 2033. The market is foreseen to thrive at a CAGR of 3.6% from 2023 to 2033.

Projects to build infrastructure, such as roads, bridges, railroads, and ports, are becoming more common in many nations. Heavy equipment like cranes, excavators, and loaders used in infrastructure development and construction depend heavily on chain drives. The growth of the industrial chain drives market is currently facilitated by the rise of infrastructure projects around the globe.

Energy and power generation in the industrial chain is another key factor for market expansion. In power plants, wind turbines, and hydroelectric facilities, chain drives are frequently utilized to transfer electricity from turbines to generators. Chain drives are becoming more and more necessary as the demand for energy rises in response to growth in population and industrial development.

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Chain drives are widely used in the automobile industry for components like engines, power transmission systems, and steering mechanisms. The demand for chain drives is rising as a result of the expansion of the automotive sector, particularly in developing nations. The industrial chain drives the market growth in tandem with rising vehicle production and sales.

Specialty chains with specific characteristics and capabilities are required by certain sectors. For instance, there are strict standards for cleanliness, corrosion resistance, and accuracy in sectors like food processing, medicines, and electronics. The market for industrial chain drives is developing as a result of the rising demand for bespoke chains designed specifically for these sectors’ demands.

Manufacturers are introducing novel chain drive systems as a result of ongoing research and development activities. These solutions frequently come with better features, including higher customizability, lower noise levels, and improved durability. The market is expanding due to the availability of cutting-edge chain drives that meet certain industrial needs.

The industrial chain drives market is substantially influenced by North America, in particular the United States. The need for chain drives is fueled by the region’s sophisticated manufacturing sector, which includes industries including automotive, aerospace, and machinery production.

The region’s emphasis on technological development, automation, and process optimization in industries also contributes to the market’s growth. Its position in the industry is further aided by the existence of reputable manufacturers and suppliers in North America.

Key Takeaways from Industrial Chain Drives Market Report:

  • The global industrial chain drives industry size developed at a CAGR of 4.4% from 2018 to 2022.
  • In 2018, the global market size stood at USD 3.7 billion.
  • The global market size stood at USD 4.4 billion in 2022.
  • The double-pitch chain segment is projected to thrive at a CAGR of 3.4% from 2023 to 2033.
  • The manufacturing end-user segment is slated to exhibit a CAGR of 3.2% from 2023 to 2033.
  • China is predicted to showcase a CAGR of 3.5% from 2023 to 2033.
  • Japan is anticipated to thrive at a 3.5% CAGR from 2023 to 2033.
  • The market in the United States is predicted to expand at a CAGR of 3.5% from 2023 to 2033.

Key Players:

  • AB SKF
  • Chiaravalli Group Spa
  • Cross Morse
  • Daido Steel Co. Ltd.
  • Ditton pievadkezu rupnica
  • Dunbelt Bearings and Transmissions SA.
  • Industrias YUK S.A.
  • KettenWulf Betriebs GmbH
  • LEWCO Inc.
  • Martin Sprocket and Gear Inc.
  • Ramsey Products Corp.
  • Regal Rexnord Corp.
  • Renold Plc
  • Rubix Group Holdings Ltd.
  • The Timken Co.
  • Others

Industrial Chain Drives Market Segmentation:

By Type:

  • Single-strand Chain
  • Double Pitch Chain
  • Multi-strand Chain

By End User:

  • Manufacturing
  • Mining
  • Agriculture
  • Construction
  • Others

By Region:

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

Browse Related Report:

The global electrical enclosure market is anticipated at USD 81.3 billion in 2033.

The power tool market size is projected to be worth USD 64.5 billion by 2033.

The global electricity transmission infrastructure market is projected to reach USD 58.8 billion in 2032.

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 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 Analysis Affirms Global Electric Resistance Welded (ERW) Pipes and Tubes Market to Reach USD 119.4 Million by 2033, Growing at 5.2% CAGR

The electric resistance welded (ERW) pipes and tubes market is poised for substantial growth, with a projected valuation of USD 71.9 million by 2023. This positive trajectory is anticipated to continue, fueled by an impressive Compound Annual Growth Rate (CAGR) of 5.2% from 2023 to 2033. Consequently, the market is on track to attain a formidable valuation of USD 119.4 million by 2033.

A primary driver behind this surge in the ERW pipes and tubes market is the global upswing in infrastructural development initiatives. Ambitious projects are unfolding on a global scale, spanning from towering skyscrapers to extensive oil and gas pipelines. These ventures are generating heightened demand for ERW pipes, given their indispensable role in various critical sectors and applications.

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The post-pandemic resurgence in the electric resistance welded (ERW) line pipes segment has generated a notable upswing in the pipes and tubes market. This upturn has spurred leading entities in the oil and gas, as well as power industries, to formulate strategic initiatives for the deployment of cross-country line pipe infrastructure. Additionally, the recovery of oil and gas prices, coupled with the reinvigoration of concise budget allocations, is expected to create favorable growth prospects for the global Line pipes sector.

The heightened level of investment activities in key sectors such as power generation and automotive underscores the increasing commitment of governments worldwide to bolster infrastructural development projects, including those related to water and sewage systems. These investments are poised to serve as catalysts for market expansion and offer promising avenues for growth in the near future.

North America: A Lucrative Market with U.S. at the Helm

Market Dominance in North America

The electric resistance welded (ERW) pipes and tubes market in North America commands a substantial 51.6% market share, with the United States alone estimated to reach a market value of USD 21.4 million during the forecast period. Currently, the United States holds a 5.2% share in the global market, driven by robust economic growth in the region and increased activity across critical sectors such as oil, power, and refineries.

U.S. Growth Dynamics

The growth trajectory in the United States is primarily attributed to a resurgence in expenditure, particularly in the realm of energy infrastructure. The nation’s focused investments are poised to meet the escalating energy demand and ensure energy security.

Asia Pacific: Dominating the ERW Pipes and Tubes Market

Leading the Global Market

Asia Pacific emerges as the frontrunner in the global ERW pipes and tubes market, commanding a substantial revenue share of over 44%. Notably, China is projected to further bolster its position with a noteworthy CAGR of 5.1% from 2023 to 2033, translating to a substantial market value of USD 27.7 million.

Japan’s Impact

Japan also plays a significant role in this market, contributing notably with a CAGR of 4.3%, resulting in a market worth of USD 16.2 million. The region’s consumers are driving this growth, reflecting a robust demand for ERW pipe products.

Key Players Profiled:

  • Nippon Steel & Sumitomo Metal Corporation
  • EVRAZ North America
  • Northwest Pipe Company
  • TMK IPSCO, Welspun
  • Wheatland Tube Company
  • ChelPipe
  • Techint Group
  • JFE Steel Corporation
  • Arabian Pipes Company
  • ArcelorMittal SA

Key Segments Covered:

By Region:

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

By Type:

  • Pressure Tubing
  • Standard Pipes

By Application:

  • Oil and Gas
  • Chemical, Mining

Read Related Reports:

The pipe market is anticipated to be valued at USD 238.67 billion by 2034.

The steel pipe market is anticipated to be valued at USD 143.50 billion by 2032.

The stainless steel welded pipe market is anticipated to be valued at USD 8.9 billion by 2033.

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
LinkedIn| Twitter| Blogs | YouTube