Low Voltage Motor Market Size Predictions : US$ 75 Billion In 2032

Global demand for low-voltage motors is expected to be worth US$ 39.1 billion in 2022, rising at a CAGR of 6.7 percent to US$ 75 billion by 2032. Extensive industrialization in a variety of sectors, as well as the ability to reduce the likelihood of equipment failure, will provide excellent opportunities for growth in the low-voltage motors industry.

Low voltage motors are widely used in a variety of industries, including mining, food and beverage, oil and gas, automotive, and packaging, as a result of global industrialization and steadily rising energy demand.

These are the motors that operate at voltages less than 1000 V and produce maximum power, thereby improving productivity, quality, and energy savings. Various motor efficiency legislation enacted globally are expected to drive the global low voltage motor market during the forecast period. Manufacturers are required to use more expensive and energy-efficient motors under these laws.

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Regional Outlook

Depending on geographic regions, the global low voltage motor market is segmented into seven key regions: North America, Latin America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. As of 2014, Asia Pacific dominated the global low voltage motor market owing to the growing consumption of low voltage motors by the automotive and electronics industry, in this region.

In addition, China is the largest country market for low voltage motors in the Asia Pacific and is poised to show strong opportunities for low voltage motors in near future. After Asia Pacific North America is projected to show vigorous growth in the global low voltage motor market, especially due to the increasing demand for low voltage motors in countries like US and Canada, during the forecast period.

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 an 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.

By Segmentation:

On the basis of product type, the global low voltage motor market is segmented into four types

  • IE1
  • IE2
  • IE3
  • IE4

Based on end-use industry the global low voltage motor market is segmented into six types

  • Automotive
  • Mining
  • Electronics
  • Textile
  • Food & Beverages
  • Others

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Global Low Voltage Motor Market: Drivers & Restraints

With the rise in technological advancement, increasing demand for machinery across the world, and advantages offered by low voltage motors due to their efficient nature, the global low voltage motor market is anticipated to show robust growth during the forecast period. The growing consumption of low voltage motors by end-user industries will continue to drive the growth in the low voltage market over the forecast period.

In addition, stringent motor efficiency legislation and retrofits due to aging equipment are expected to impact the global low voltage motor market positively.

Market Players

Some of the major players operating in the global low voltage motor market are ABB, TECO-Westinghouse Motor Company, Siemens, Hyosung Power and Industrial Systems Performance Group, Anhui Wannan Electric Machine, ATB Group, Leroy Somer, LEZ Ruselprom, Luan JiangHuai, NIDEC, Regal Beloit, Shandong Huali Electric Motor Group, GE Industrial, Toshiba International, WEG, VEM Group, etc.

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Binoculars and Mounting Solutions Market Is Estimated To Exhibit Growth At A CAGR Of 3.8% From 2022-2032 | FMI

The global market for binoculars and mounting solutions is expected to reach $8.6 billion by 2022. It is expected to grow at a CAGR of 3.8 % and surpass US$ 11.4 billion between 2022 and 2032. The rising standard of living in various developing countries, as well as increased spending on luxury items, are expected to drive demand for binoculars and mounting solutions in the near future.

The surging adoption of roof prism binoculars in China for recreational activities, such as bird watching and wildlife observation is anticipated to bolster the market. The high disposable income of people in this country and the rapid urbanization are set to positively affect the Asia Pacific market growth. The entry of various manufacturers in China stoked by the availability of relatively low cost labor and raw material is another vital factor that is expected to aid the growth.

The simplest and economical optics you can apply to stargazing is a pair of binoculars. Binoculars are chiefly dual telescopes which are mounted next to each other, and associated so that an individual can gaze at aloof entity with both the eyes.

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The global binoculars and mounting solutions marketplace is predicted to expand at a encouraging CAGR during the forecast period. An additional feature is, when hovering or pulling down the binoculars, most of the time the binoculars stay jagged at the objective. These mounts look great if you are out observing with another individual and sharing views, even if another person is of different height (like a child).

Binoculars makes use of prisms mainly in both the barrels to provide an upright appearance to the consumer. Roof prisms binoculars, which are more compressed, look similar to two traditional through telescopes mounted sideways. Compressed binoculars are pleasant, particularly for daytime observing. However, just as the telescopes, binoculars equipped with bigger diameter lens displays more.Low control binoculars are great for extensive star fields, and can simply be hand held. But it becomes pretty challenging holding binoculars that are too enormous and heavyweight.

Binoculars and Mounting Solutions Market: Drivers & Restraints

Rising infrastructure investments necessitates the requirement of positioning for cargo management systems for rail traffic, airports and ports. Large construction sites require positioning systems to support the information management system. Aforementioned are some of the key factors driving the growth of the binoculars and mounting solutions market. Whereas the changes in the allocation of radio frequency bands, cost of sensors, safety, development time and customization associated with the binoculars and mounting solutions, dependency on external suppliers for components are probable factors restraining the growth of the binoculars and mounting solutions market globally.

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Binoculars and Mounting Solutions Market:Region-wise Outlook

The global binoculars and mounting solutions market is anticipated to record a significant CAGR for the forecast period. On the basis of geographic regions, the global binoculars and mounting solutions market is segmented in the following key regions: North America, Western Europe, Eastern Europe, Latin America, Japan, Middle East & Africa and Asia Pacific. In 2015, the global binoculars and mounting solutions market is dominated by North America in terms of market value followed by Europe and Russia, respectively. Japan and Asia Pacific are anticipated to increase at a considerable growth rate and is expected to contribute to the global binoculars and mounting solutions market value exhibiting a substantial CAGR during the forecast period, 2015?2025.

Binoculars and Mounting SolutionsMarket: Key Player

Some of the key market participants in the Binoculars and Mounting Solutions Market are S4Gear, ZEISS, Lunt Engineering USA, LEICA, Nikon Corporation, Bushnell Outdoor Products and OLYMPUS CORPORATION among numerous 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 categories such as market segments, geographies, types, technology and applications.

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Key Segments Profiled in the Binoculars and Mounting Solutions Industry Survey Report Scope

Application:

  • Defense
  • Maritime
  • Land and Survey
  • Space

Magnification Type:

  • 1X
  • 2X
  • 3X
  • 4X
  • More than 4X

Lens Coating Type:

  • Single Coating Lens
  • Multi-coating Lens

Region:

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

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Demand for Galvanic Isolation Market Is Projected To Grow At A Moderate CAGR Of Around 5.2% | 2022-2032

During the forecast period of 2022 to 2032, demand for galvanic isolation is expected to grow at a moderate CAGR of around 5.2 percent. The observed growth can be attributed to rising demand from various industries such as telecommunications, healthcare, and manufacturing.

In addition, galvanic isolation can be used in medical imaging devices, UPS, and invertors etc. Galvanic isolation is a designing technique that isolates functional sections of electrical systems to eliminate stray current.  Optical isolators and transformer are generally used for galvanic isolation, which ensure AC signals to pass through the circuit but not stray current. Various galvanic isolation components such as relays and capacitors are used in intrinsic safety isolators, and healthcare equipment and monitoring system.

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Global Galvanic Isolation Market: Segmentation

Galvanic isolation market is segmented into vertical and region. On the basis of vertical the global galvanic isolation market is segmented into telecom sector, healthcare sector, public sector, industrial sector, manufacturing sector, energy and utility sector, and transportation sector. FMI forecasts, telecom sector is expected to create a huge market opportunity for key players operating in the galvanic isolation market. Region wise the global galvanic isolation market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East and Africa (MEA).

Global Galvanic Isolation Market: Region Wise Outlook

The global galvanic isolation market is expected to witness a considerable growth in CAGR during the forecast period from 2015 to 2025. North America held the lead in terms of relative market share consumption value of galvanic isolation market in 2014. As per FMI projection, the galvanic isolation market in APEJ region is expected to grow at a fastest CAGR during the forecast period.

Global Galvanic Isolation Market: Drivers

Galvanic isolation device is easy to install, provides signal conversion options and is cheaper than other isolators. In addition, long-term performance of galvanic isolation device and application specific design are some of the major factors identified in the market that are driving the growth of galvanic isolation market across the globe.

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Global Galvanic Isolation Market: Restraint

Failure of galvanic isolation devices without any notification, alert or symptoms can act as a restraint which is expected to hinder the growth of the galvanic isolation market.

Global Galvanic Isolation Market: Competitive Landscape

Major players in the global galvanic isolation market focus on investing on research and development activities in order to come up with advanced products. For example, Avago Technologies limited launched dual-channel R2Coupler optocoupler devices, the ACFL-621xT and ACFL-521xT in 2015. These optocoupler have especially been designed for automotive applications. Additionally, in the same year, Avago Technologies limited launched a wide range of latest industrial fiber optical products in Europe.

Global Galvanic Isolation Market: Key Players

Some of the major players operating in the global galvanic isolation market are Corrpro Companies Inc., Avago Technologies limited (AVGO), STMicroelectronics N.V., ROHM Semiconductor, Perle Systems Europe Ltd., Infineon Technologies AG, Professional Mariner LLC., Pepper+Fuchs GmbH and Analog Devices Inc. (ADI) etc.

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Blind Spot Detection Market Size Valuation Reaching US$ 8.1 Bn By 2032

The global blind spot detection market size was valued at US$ 1.9 Bn in 2021. Sales of blind spot detection systems are forecast to increase at a stupendous 13.9% CAGR, with the market valuation reaching US$ 8.1 Bn by 2032.

Several commercial vehicles are large in size and despite being well-equipped with mirrors, they have poor visibility which increase the risk of accidents. Drivers are unable to see areas adjacent to the vehicle thus side collision with the heavy vehicle is imminent. This is compelling all heavy duty manufacturers to install BSD, which is expected to bolster the growth In the market.

Automobile manufacturers are subject to stringent passenger safety regulations and standards, which are imposed by various government bodies in various countries. During the forecast period, the automotive industry’s technological growth, focus to adopt advanced technologies, develop structured safety features, and a rising adoption of autonomous vehicles is anticipated to create opportunities for the blind spot detection market.

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During the forecast period, the global BSD market is anticipated to be benefited from an increase in per-capita spending power in developing economies, as well as growing demand for premium and luxurious features in passenger vehicles.

“Rising demand for passenger vehicles equipped with ADAS is expected to fuel sales of blind spot detection systems. Besides this, stringent regulations regarding the adoption of safety systems in commercial vehicles will propel the growth in the market over the forecast period,” says an FMI analyst.

Key Takeaways:

  • By technology type, sales in the camera sensor segment are expected to grow at a 13.8% CAGR over the forecast period.
  • The U.S. will continue dominating the North America blind spot detection market, with total sales reaching a valuation of US$ 4 Bn in 2022.
  • By Region, Europe and East Asia is expected to remain key markets for BSD, about 0% of the total market share by 2032.
  • Based on vehicle type, the passenger vehicle segment is forecast to dominate the market with more than 2% of the total market share.

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Competitive Landscape

Texas Instruments Incorporated, Intel Corporation, NVIDIA Corporation, Continental AG, Magna International, and Mobileye are some of the key manufacturers of BSD system.

Manufacturers /developers of blind spot detection are focusing on mergers, acquisitions and collaborations with OEMs and start-ups to improve their product portfolios and to gain a competitive edge in the market.

About FMI – Automotive and Transportation

The Automotive and Transportation division of FMI provides exclusive coverage and actionable insights about automotive and transportation industry encompassing automotive, aviation, shipping and marine, and railway sector. Market findings and competition intelligence of OEM, aftermarket, services and technology landscape have helped numerous industry stakeholders’ right from automakers, component manufacturers, channel partners and service providers in taking informed decisions and keeping them up-to-date with market behavior.

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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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Hammer Mill Market Size Stood At Around To Reach A Valuation Of US$ 1,016 Mn By 2032

The global hammer mill market is estimated to expand at a CAGR of 4.3%, reaching a valuation of more than US$ 1,106 Mn by 2032. Hammer mills are good for breaking down hard, dry materials like straw, maize cobs, wood chips, and other fibrous materials.

They are suitable for use in residential areas due to their low vibration and noise levels, but they are also an excellent investment for commercial applications due to their long life and low maintenance requirements. Because of their diverse processing capabilities, they can be used in a wide range of industries, and the speed can be adjusted to meet a variety of materials.

These days, hammer mills are becoming increasingly popular. The main reason for this is that they are highly adaptable devices. They can be used for a variety of things, including the production of biomass and feed. They are also extremely effective and capable.

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“Increased machine utilization and demand for high-quality goods in various sectors, as well as the integration of smart devices into equipment, are driving the expansion of the hammer mill market,” says an FMI analyst.

Key Takeaways:

  • At a CAGR of 5.8%, the fastest-growing product type is Pneumatic Discharge from 2022 to 2032.
  • From 2017 to 2021, the market for Hammer Mill increased at 3.4% CAGR and is expected to grow by 4.3% in 2022
  • Over the forecast period, the hammer mill market in Germany is projected to grow at a significant CAGR of 3.9%.
  • Over the forecast period, the hammer mill market in agriculture sector is projected to grow at a significant CAGR of 4.2%.
  • By Sales Channel, OEM is set to account for more than 95% of the global market
  • By 2032, East is estimated to have the largest share of the global market, accounting for more than 48%.

Competitive Landscape

Some of the key hammer mill manufacturers included in the report are Andritz, Sandvik AB, Manfredini & Schianchi Srl, Prater Industries, Kurimoto Group, Hosowaka Micron Corporation, Rasa Corporation, Lehra Fuel Tech Pvt Ltd, Perkin Elmer, Kahl & Schlichterle, Schenck Process Holding Ltd Gmbh, Gebr Bellmer Gmbh Maschinenfabrik and Doppstadt.

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About FMI – Industrial Automation

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

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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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Test and Measurement Equipment Market for Sale Reaching A Total Valuation Of US$ 54.9 Billion By 2032

The global test and measurement equipment market is predicted to witness a moderate CAGR of 5.6% during the forecast period of 2022 to 2032. The test and measurement equipment market share is estimated to be worth US$ 32 Billion in 2022, with a possibility of reaching a total valuation of US$ 54.9 Billion by 2032.

Government mandates and the growing need for quality maintenance drive up demand for test and measurement equipment. The emergence of COVID-19 prompted an increase in pharmaceutical and medical equipment manufacturing.

This has resulted in increased demand for test and measurement equipment in the healthcare and pharmaceutical end-use industries, resulting in increased demand for test and measurement equipment products and solutions, as well as trends in test and measurement equipment adoption.

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The price sensitivity of test and measurement equipment, on the other hand, is projected to limit test and measurement equipment market growth. During the forecast period, each of these factors is expected to have a significant influence on the test and measurement equipment market.

The introduction of 5G technology and the implementation of LTE & LTE-Advanced (4G) Networks, as well as the rapid penetration of IoT Devices, are expected to give potential possibilities for test and measurement equipment market expansion.

North America has the greatest test and measurement equipment market share due to the presence of multiple significant companies.

Asia-Pacific is predicted to develop at the quickest rate, as governments in these areas implement numerous measures to support innovation and R&D in their respective countries. Given current advancements in connected and driverless vehicles, the automotive industry is likely to capture the test and measurement equipment market share.

The healthcare sector is likely to drive the test and measurement equipment market due to the development of new healthcare equipment, patient-monitoring systems, and personal emergency reporting systems, which are some of the other factors expected to positively influence the test and measurement equipment market trends.

Key Takeways:

  • In the United States, the test and measurement equipment market is estimated to reach US$ 1.3 Billion by 2032, increasing at a CAGR of 10.7% through 2032.
  • The test and measurement equipment market in the United Kingdom is expected to be worth US$ 154.2 million by 2032, with a CAGR of 9.8% through 2032.
  • The test and measurement equipment market’s services segment form the component category is predicted to develop at a CAGR of 10.4% through 2032.
  • Through 2032, Threat Intelligence in the test and measurement equipment market’s application sector will grow at a CAGR of 10.1% through 2032.
  • China’s test and measurement equipment market is expected to reach US$ 275.2 million by 2032, with a CAGR of 10.2% through 2032.
  • The market for test and measurement equipment in Japan is expected to be valued at US$ 221.9 million by 2032, expanding at a 9.2% annual rate through 2032.
  • South Korea is expected to reach a market size of US$ 136.7 million in test and measurement equipment by 2032, with a CAGR of 8.6% through 2032.

Competitive Landscape:

Fortive Corporation, Rohde & Schwarz GmbH & Co. KG, Anritsu Corporation, Keysight Technologies, Yokogawa Electric Corporation, National Instruments Corporation, EXFO, Inc., Advantest Corporation, VIAVI Solutions Inc., and Texas Instruments Incorporated are among the major companies profiled in the test and measurement equipment market.

These companies provide test and measurement equipment solutions to meet test and measurement equipment market demands and needs.

To extend their influence in the test and measurement equipment market trends, these vendors have used a variety of organic and inorganic growth tactics.

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RECENT DEVELOPMENT:

A couple of recent developments in test and measurement equipment market are as follows:

  • VIAVI Solutions released new fibre test and measurement equipment solutions in March 2021, enhancing the industry’s most comprehensive offering for fiber-optic testing. The company’s new optical power metres, fibre characterization modules, and an enhanced optical time-domain reflectometer (OTDR) solution enable service providers, colocation and hyperscale data centres, enterprises, and contractors to reduce manufacturing costs, improve service quality, minimise downtime, and generate more revenue.
  • Anritsu introduced the TRX Test module, MU887002A, in March 2021, to increase the efficiency of production-line inspections of 5G wireless communication equipment, as well as its space-saving universal wireless test set, MT8872A.
  • As part of its OpreX analyzer lineup for use in water treatment facilities, Yogokawa launched TB820D right-angle scattered light turbidity detectors, FC800D non-reagent type free available chlorine sensor units, RC800D reagent type residual chlorine sensor units, FLXA402T liquid analyzers for turbidity and chlorine, and PG400 pulse generators for clean units in February 2021.

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Electronic Equipment Repair Service Market worth US$ 228.2 Bn in 2032 at a CAGR of 6.5% | FMI

According to the market analysis report by Future Market Insights (FMI), the electronic equipment repair service market is forecasted to reach a net worth of US$ 228.2 Bn in 2032 growing up from US$ 110.9 Bn in 2021. It is estimated to witness an impressive CAGR of 6.5% through these years.

With the improving economic conditions and development of worldwide electricity network systems there has been a significant increase in the volume of electronic devices and appliances. The amount of electronic device repair services has also surged along with it, making it an attractive business around the world.

Industrial automation in various sectors has also increased the demand for electronic equipment that is prone to frequent malfunctions and breakdowns. Industrial electronic equipment repair service is anticipated to augment the market size further along with the introduction of the fourth industrial revolution or IR 4.0 during the forecast years.

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Portable smart devices with an internet connection have become an essential part of any modern-day individual. So many electronic device repair facilities have emerged in local markets. In this regard, the market for electronic equipment repair services is expected to experience huge growth with the institutionalization of such facilities.

The report also analyses the market survey obtained during the Covid-19 pandemic, which had a severe impact on the growth of the market system providing services for fixing electronic devices. It has been observed that the growth rate dipped down from 7.8% recorded during the years 2015 to 2021.

“In recent, there has been a rise in the volume of refurbished electronic devices and gadgets over the e-commerce platforms. Opening up of such new business opportunities is expected to further boost the demand for electronic equipment repair service market in the coming days.”

With the growth in electronic manufacturing companies in South East Asian countries, the availability of cheap electronic devices has increased in the local markets all across the Middle-income countries.

This factor is anticipated to have some negative impacts on the electronic equipment repair warranty services as per the market analysis report.

Key Takeaways

  • Over the forecast period of 2022 to 2032, the global electronic equipment repair service market share is expected to observe an absolute dollar growth of US$ 107 Bn and reach a valuation of US$ 228.2 Bn.
  • As per the market analysis report, consumer electronics is the most attractive segment for the electronic equipment repair service market that is predicted to witness a growth rate of 7.1% over the forecast years.
  • Among the different geographical regions, Europe is the leading market for fixing electronic devices with an expected to be valued at around US$ 68.6 Bn, recording a CAGR of 6.5% during the forecast time period.
  • Asia Pacific countries are emerging as new leaders in the residential electronic equipment market owing to the highest growth rate of China, which is expected to reach a valuation of nearly US$ 25.2 Bn by the end of the year 2032.
  • The American electronic equipment repair service market was estimated to be valued at US$ 13.9 Bn in the year 2021 and is expected to grow at a CAGR of 6.5% through the forecast years.

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Competitive Landscape

The major players operating in the global glaucoma treatment market include Encompass Supply Chain Solutions, uBreakFix, iCracked, Inc., Moduslink Global Solutions, Medtronix Inc., the Cableshope Inc., Redington services, B2X Care Solutions GMBH.

Electronic appliances manufacturing companies are enthusiastically providing repair service warranty services for their customers these days. The adoption of such business models has made the American electronic equipment repair service market highly competitive.

Long-term agreements of industrial electronic equipment repair service companies with various established industries are the major strategy adopted by top companies.

Collaboration with hospitals for providing healthcare medical device repair services is also turning out to be a remunerative option for some market players these days.

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Emulsion Explosive Is Likely To Grow At A Growth Rate Of 4.4 % By Volume Over The Assessment Period Of 2022-2028

Global Emulsion Explosive Market to grow with a year-on-year growth of 5.1% in 2022 reaching a value of about US$ 2,634.3 Mn by 2022 end. The global Emulsion Explosive Market is anticipated to witness a considerable value CAGR of 4.9% during the period of 2022 and 2028.

Over the forecast period of 2022–2028, the emulsion explosive market is expected to experience steady growth with a moderate expansion of more than 4% in consumption volume. The lower transportation costs and water resistance of emulsion explosives will continue to be major selling points on the international market.

Emulsion explosives are in high demand due to the significant rise in infrastructure, mining, and construction investments worldwide. By the end of 2028, sales of emulsion explosives are predicted to amount to nearly 13 million tonnes, per a recent Future Market Insights research study.

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Key Takeaways – Emulsion Explosives Market Research

  • Because of the additional benefits they provide, bulk emulsion explosives are quickly replacing packaged explosives in underground mining applications.
  • In addition to mining companies, these explosives are used in the construction industry for tunnelling and the demolition of old infrastructure. With more construction activities taking place around the world, the demand for mining emulsion explosives has skyrocketed.
  • Blasting agents are preferred over mechanical drills because they cover a larger area in less time, are easy to transport from one location to another, and are inexpensive.
  • The best sourcing practise for mining companies is to enter into long-term supply contracts with fully-integrated, full-line emulsion explosive suppliers who manufacture their own blasting and explosives.
  • The rapidly expanding construction industry in developing economies such as China, India, and Brazil is fueling regional demand for emulsion explosives.
  • Because there are so many emulsion explosive suppliers on the market, consumers have a lot of negotiating power. Furthermore, due to their large consolidated business volume, major mining manufacturers have strong negotiating power.
  • Due to the regulatory framework for explosives, which caps the limit of buffer stocks, manufacturers are unable to maintain sufficient stocks.

The emulsion explosives market is currently growing at a moderate rate, as it is already mature in EU countries and experiencing healthy growth in the Asian region. Furthermore, in recent years, the construction and mining industries have prioritised worker safety when conducting blasting activities on their sites.

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How Is the Market Structure of Emulsion Explosives Defined?

The emulsion explosives market is moderately fragmented, with established international players dominating. Some of the key players in the emulsion explosives market, such as Orica Limited, control a sizable portion of the revenue pie. Mining companies should enter into long-term supply contracts with fully integrated, full-line emulsion explosive suppliers who manufacture their own blasting and explosives accessories.

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Future Market Insights (FMI) presents an unbiased analysis of the global emulsion explosives market in its new report, providing comprehensive information with historical demand data from 2014 to 2021 and forecast statistics from 2022 to 2028. The research study provides in-depth information about the global emulsion explosives market by product type (bulk emulsion, cartridge emulsion, recycled oil emulsion), application (mining-surface mining, underground mining quarrying, others), and region (North America, Latin America, Europe, MEA, South Asia, East Asia and Oceania).

Global Emulsion Explosive Market by Category

By Product Type :

  • Bulk Emulsion
  • Cartridge Emulsion
  • Recycled Oil Emulsion

By Application :

  • Mining
    • Surface Mining
    • Underground Mining
    • Quarrying
  • Others
    • Hard Rock
    • Air Blasting
    • Colliery
    • Maritime Blasting/Seismic
    • Genral Blasting
    • Tunneling

By Region :

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • MEA
  • Oceania

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Residual Current Circuit Breaker Market Is Anticipated To Reach US$ 3,411.6 Mn As Of 2028 | FMI

The global Residual Current Circuit Breaker Market is expected to reach $3,411.6 million by 2028, at a CAGR of 6.7 percent. The industry is expected to be worth $2,305.9 million in 2022.

According to FMI’s most recent research, the global residual current circuit breaker market grew at a CAGR of 6.5 percent between 2017 and 2021. The market was worth $1,683.1 million in 2017. Growth during the historical period can be attributed primarily to an increase in building maintenance operations to replace ageing electricity infrastructure.

Demand for residual current circuit breakers has decreased significantly since the implementation of COVID-19, particularly in the first two quarters. Several activities were halted as a result of the imposition of strict lockdowns.

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Key Findings from the Competitive Landscape Analysis of Residual Current Circuit Breaker Market

  • Leading RCCB manufacturers are prioritizing the development of customer-specific product development, emphasizing superior performance, high operational efficiency, and regional expansion.
  • Partnerships and joint ventures through strategic collaborations with recognized research institutes is paving the way for product innovation.
  • Targeting expansion of existing product offerings, key players in residual current circuit breaker landscape are indulging inconsistent new product innovation cycles, in addition to strategic mergers and acquisitions (The latest example in this category is of the acquisition of GE Industrial Solution by ABB).
  • Industry leaders are focusing on maintaining long-term contractual relationships with manufacturing giants for a reliable supply scenario of a wide range of residual current circuit breaker devices.

 “Towards the end of 2020, the global revenue of residual current circuit breaker landscape is likely to cross the US$ 2 billion mark, witnessing over 6% year on year growth each year post-2020,” explains a senior analyst at FMI. Elaborating further on the key impact factors shaping the revenue growth of residual current circuit breaker market, the analyst says, “Increasing adoption of smart grid, constant replacement of ageing power infrastructure, the rampant expansion of the residential construction sector, and growing digitization are primarily drawn as high-impact push factors associated with RCCB demand”.

Mushrooming Residential Construction Realm Significantly Pushes RCCB Sales

The analysis of the residual current circuit breaker landscape according to end-use concludes dominance of the residential construction sector in the market. With an estimated 7+% year over year revenue growth over the next couple of years, residential infrastructure will continue to attract maximum opportunities over commercial and industrial sectors in the residential current circuit breaker market. This growth can be clearly correlated to heavy population growth, subsequently fueling the residential housing demand.

In the power input-wise analysis of residual current circuit breaker landscape, the report discusses solid incremental opportunity for three phase residual current circuit breaker that strongly attributes to an exceptionally high rate of solar PV and energy storage system sales over the recent past.

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Power Investments Elevate in Asian Economies, Imposing Solid Growth Opportunities for Residual Current Circuit Breaker Manufacturers

FMI’s regional market analysis of residual current circuit breaker landscape reveals dominance of North America and Western Europe, the latter is however witnessing a major revenue decline in recent years. The criticality of the efficient eco-smart end-use and an ever-growing concern of human safety from electrocution continue to boost the mature residual current circuit breaker landscape of developed regions.

Being among the most populous economies across the globe, China and India reinforce solid growth prospects for residual current circuit breaker sales growth. While China is projected for a heavy gain in terms of market value share, MEA is also poised to observe promising expansion at over 6.5% yearly growth post 2019 – owing to augmenting power investments.

The breakthrough One Belt-One Road Project that connects China and all the other Central Asian economies, European countries, and Indo-Pacific littoral countries raise a substantial need for new roads, railway tracks, ports, and power grids. The onset of this project is expected to contribute substantially to the revenue growth of the residual current circuit breaker landscape.

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Industrial Sewing Machines Market – Business Opportunities and Global Forecast to 2027

Industrial sewing machines are used in the commercial manufacturing of bags, car upholstery, furniture products, garments, apparels, and shoes, among others. These industrial sewing machines are heavy-duty as compared to domestic sewing machines. With the aim of achieving high quality performance from industrial sewing machines, any model of an industrial sewing machine generally has a single key function.

This is so because a single model is categorically designed for a specific task, such as sewing straight seams, or sewing zigzag stiches, and other models for sewing buttons on garments. Also, industrial sewing machines are expected to deliver high accuracy, maintain high speed, and at the same time be durable. Considering the vital applications of industrial sewing machines, the study of the global industrial sewing machines market becomes an important read.

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Industrial Sewing Machines Market: Key Trends, Drivers

Manufacturing of products using industrial sewing machines has witnessed a shift from the developing countries in North America and Europe to the developing countries of the Asia Pacific region, as a result of low manufacturing cost alternatives provided by the latter. Hence, there has been a steady rise in demand for industrial sewing machines from the Asia Pacific region over the past.

High end industrial sewing machines are becoming a preferred choice for garment manufacturers as they save time and energy, and reduce complexity of the manufacturing process due to their enhanced features. Also, producing voluminous, high quality products with standardized precision in less time has been made possible through the application of these smart industrial sewing machines. For instance, specific models of industrial sewing machines display a maximum speed of 8,500 revolutions per minute.

This is expected to drive market growth for industrial sewing machines in the long run. The recent trend is that of seamless integration of electronics in industrial sewing machines to provide sophisticated features. This, in turn, has also been fostering the market growth of industrial sewing machines worldwide. Through technological innovations in recent times, more energy efficient, small, light and durable industrial sewing machines are expected to propel the global market growth, due to their attractive benefits. New developments in functionality, such as high powered motors, drawing tablets, multi-needle positioning, touchscreens, laser technologies and LED lighting are expected to provide more usage benefits, and hence drive the demand for industrial sewing machines in the near future.

It has been observed that automotive and textile industries, which have been growing at a considerable pace in recent times, would largely contribute to the growing demand of industrial sewing machines, along with other factors, such as rising global population, the rising middle and high income group population in developing countries, such as India and China. There has been a strong demand growth for apparels in Asia Pacific, thereby driving the demand for industrial sewing machines in the region, supported by relatively cheap labor vis-à-vis developed countries, along with attractive economic growth, and foreign investments. This trend is expected to continue in the near future.

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As of now, a lot of models of industrial sewing machines involved in complex actions are computerized. Industrial sewing machines capable of automatically carrying out multiple tasks only with the press of a switch are being designed. Environment friendly features are being considered in the design of industrial sewing machines, such as reduced working noise and energy efficiency.

Industrial Sewing Machines : Market Participants

Examples of some of the market participants identified across the value chain of the global industrial sewing machine market are as follows:

  • Brother Industries, Ltd.
  • PFAFF Industriesysteme und Maschinen GmbH
  • Bernina International AG
  • Juki India Private Limited
  • Singer
  • JACK Sewing Machine Co. Ltd.
  • Million Special Industries Co. Ltd.
  • Pegasus Sewing Machine Mfg. Co. Ltd.
  • Kaulin Mfg. Co. Ltd.
  • Seiko Sewing Machine Co. Ltd.

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

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The report covers exhaustive analysis on:

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

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil and Rest of Latin America)
  • Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg and Rest of Western Europe)
  • Eastern Europe (Poland, Russia and Rest of Eastern Europe)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC, S. Africa, and Rest of MEA)

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

Industrial Sewing Machines Market: Segmentation

On the basis of product type, the global industrial sewing machines market can be segmented as follows:

  • Flat bed
  • Raised
  • Cylinder bed
  • Feed-off-arm
  • Post-bed

Report Highlights:

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

About Us:

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

Contact:
Unit No: 1602-006
Jumeirah Bay 2
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