High-end Cellomics Market Trends, Demand Growth Revenue Analysis Report to 2031

According to a recent Future Market Insights (FMI) industry analysis, the demand in the high-end cellomics market trends is expected to top US$ 288.8 Mn in 2021, growing at a CAGR of 6.4% during the forecast period 2021-2031.

High-end cellomics is a process that is utilized in drug discovery and biological research to identify substances such as small molecules, RNAi or peptides which alter the phenotype of a cell in a wanted manner.

The global high-end cellomics market is primarily driven by increasing technological advancement in imaging solutions. Technological advancements such as the usage of polarization methods, multicolored fluorescence-based reagents, automated imaging technology, and flow cytometry are also anticipated to boost the market growth further.

Increasing investment in research and development in cellular science of novel molecules by private and government organizations, technological advancement in imaging solutions, and advantages related to these innovations such as improved scope for pplication in gene documentation & neonatal development learning will drive the high-end cellomics market.

Key Takeaways from High-end Cellomics Market Study

  • The global high-end cellomics market is expected to reach US$ 536.9 Mn by 2031.
  • By application, drug discovery accounted for 55.5% of overall sales in 2021 and is expected to continue to grow at the same trend during the forecast period.
  • By end-users, pharmaceutical and biotechnology companies will account for the largest share of 51.8% during the forecast period.
  • By region, North America held the largest share of 32.7% of the global high-end cellomics market.
  • By country, the U.S. is the most lucrative market in the global high-end cellomics market with US$ 81.7 Mn revenue in 2021.

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Who is Winning?

Some of the leading manufacturers of high-end cellomics are focusing on product approvals and launch strategies for global expansion objectives, thereby, enhancing their market presence. The leading key players are focusing on strategic alliance to expand the product offerings.

Yokogawa Electronic Corporation in December 2020, agreed with InSphero AG to jointly promote the use of Yokogawa’s high-end cellomics systems for drug discovery research which actively involves the use of 3D in vitro models.

The key market players covered by FMI include PerkinElmer, Inc., ThermoFisher Scientific, Inc., Molecular Devices LLC (part of Danaher Corporation) and Yokogawa Electric Corporation.

About the Healthcare Division at Future Market Insights

Future Market Insights facilitates corporates, government, investors, and associated audiences in the healthcare sector to identify and accentuate vital aspects applicable to product strategy, regulatory landscape, technology evolution, and other crucial issues to achieve sustainable success. Our unique approach to gathering market intelligence equips you in devising innovation-driven trajectories for your business. Know more about our sector coverage here

High-end Cellomics Market by Category

Application:

  • Academic Research/Basic Research
  • Drug Discovery
    • Primary & Secondary Screening
    • Target Identification & Validation
    • Invitro Toxicity Studies
    • Compound Profiling

End-User:

  • Pharmaceutical & Biotechnology Companies
  • Academic & Research Institutes
  • Independent Contract Research Organizations (CROs)

Region:

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

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Table of Content

  1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

  1. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

2.3. Inclusion & Exclusion

  1. Key Trends

3.1. Key Trends Impacting the Market

3.2. Trends in Diverse Application

  1. Key Success Factors

4.1. Key Products USP Analysis

4.2. Key Manufacturers Promotional Strategies

4.3. Value Chain Analysis

4.4. PESTLE Analysis

4.5. PORTERS Analysis

4.6. Key Regulations

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ABOUT FUTURE MARKET INSIGHTS, INC.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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Needle-Free Injectors Market Overview, High Growth Opportunities, Segmentation, Trends By 2022-2032

The global needle-free injectors market overview is likely to accumulate value of US$ 13.78 Billion in 2022, and is expected to reach US$ 13.78 Billion by registering a CAGR of 12% in the forecast period 2022-2032.

Needle-free injection is an innovative drug delivery technology that drives drugs to the skin using force which virtually nullifies the use of hypodermic needle. With growing preference for non-invasive drug delivery system and vaccines, adoption of needle-free injectors is expected to improve over the coming years

Application of needle-free injectors is increasing with rising incidence of diabetes and other chronic diseases across the globe. With increasing number of surgeries, demand for minimally invasive procedures is accelerating the sales of needle-free injectors.

According to Centers for Disease Control and Prevention (CDC), more than 51% of adults in U.S. had at least 1 chronic condition, and 27.2% had multiple chronic conditions in 2018.

Other factors driving the global demand are cost-effectiveness and safety related to needle-free injectors.

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Key Takeaways from Needle-free Injectors Market study

  • By load type, liquid injections segment will hold around 88.0% of value share globally.
  • Based on the technology, spring-loaded jet injector is dominating the market, with over 48.0% of the market share.
  • Based on the delivery site, intra dermal injector is expected to hold over 33% of the market share.
  • Application of drug delivery will spur the sales of needle-free injectors, with the segment accounting for 65% of the market share.
  • Based on the usage, reusable needle free injectors are highly sought-after, contributing over 78% of the market revenue.
  • Hospitals are expected to be the primary end-users, holding a market share of 28% during the forecast period.
  • By region, North America will dominate the global needle-free injectors market, holding 42% of total market share.
  • Europe is expected to be the second-largest market, with Germany spearheading the market growth .
  • India will emerge as the most lucrative market across South Asia, accounting for nearly 50% of market share in 2021.
  • China will hold leading position in East Asia and is expected to account for nearly 46% of market share.

“Growing prevalence of chronic diseases coupled with rising preference of non-invasive drug delivery system will improve the adoption of needle-free injectors. With rising demand for needle-free injectors, key players are introducing new product launches and are aiming for fast track approvals to capitalize on existing opportunities and sustain their position in the industry “says the FMI Analyst.

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Who is Winning?

New product launches and approvals, agreements, and collaborations are some of the key growth strategy adopted by the key players. By focusing on these strategies, key players intend to expand their global presence and strengthen their existing product portfolio.

For instance,

  • In November 2019, Antares Pharma collaborated with Idorsia for the development of a novel self-administered drug-device product.
  • In June 2020, Vitaeris Inc., a biotech company was acquired by CSL Limited. The acquisition was carried out by CSL Limited to achieve the motive of addressing the unmet needs of patients.

The key market players covered by FMI include Pfizer, Inc., Gerresheimer AG, Ferring Pharmaceuticals, CSL Limited (Seqirus UK Limited) and others.

ABOUT FUTURE MARKET INSIGHTS, INC.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the market intelligence engine from Future Market Insights. Sign Up for a 7 day free trial!

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Bioprocess Technology Market Segmentation by Revenue, Present & Future Scenario To 2031

According to a recent study by Future Market Insights (FMI), the global Bioprocess Technology Market Forecast was valued at US$ 17.3 Bn in 2020 and is expected to register a CAGR of 15.2% during the forecast period (2021-2031). It is projected to generate a revenue of US$ 81.2 Bn by the end of 2031.

Technology has always been at the heart of biotech. The emergence of advanced computing technology such as machine learning and artificial intelligence has enabled companies to expand the scale of their research and improve efficiency in the manufacturing process—both of which reduce the time it takes for biotech firms to bring new products to market.

Increasing research and development spending on pharmaceutical products has improved the well-being of patients to a significant level. Today vaccines have proven to be one of the most effective ways to prevent children from infectious diseases. This is highly possible due to increased government spending on research & development in the life science stream.

For instance, in May 2020, AbSci Inc. closed USD 15.4 Mn in series D funding to accelerate the growth and scale of disruptive protein printing technology, by announcing an exclusive co-marketing partnership with KBI Biopharma.

There are currently more than 1,500 biomolecules undergoing clinical trials, which target more than 100 hundred types of diseases and success rate for biologics has so far been over twice that of small-molecule products.

Key Takeaways from Bioprocess Technology Market Study

  • In 2021, the BIOTECH/BIOPHARMACEUTICAL COMPANIES segment is expected to dominate the global bioprocess technology market with a 44.0% market share, whereas, CDMO/contract research organization segment is expected to occupy over 40% of the market share.
  • By product, the upstream segment dominated the global Bioprocess Technology Market with a 64.8% market share.
  • Europe and East Asia dominated the global Bioprocess Technology Market occupying over 24.3% and 14.7% market share, respectively.

Who is winning?

Some of the leading companies of Bioprocess Technology Market are focusing on their extensive portfolio of single-use cell culture bioreactors, containers, strong distribution channels, and strategic selling to the leading biopharmaceutical manufacturing entities.

  • Thermo Fisher Scientific Inc. is a multinational biotech company that develops, manufactures, and distributes products in the areas of healthcare & diagnostics, life sciences, pharmaceuticals, and others. In Sep 2020, Thermo Fisher Scientific Inc. announced the opening of its new Bioprocessing Collaboration Center (BCC) in St. Louis, Missouri.
  • Sartorius AG is a leading provider of contract testing services to the global biotechnology and biopharmaceutical industries. In July 2020, Sartorius Stedim Biotech acquired a majority stake in CellGenix to strengthen its product portfolio for cell and gene therapies.
  • Danaher Corporation designs manufacture and markets professional, medical, industrial, and commercial products and services. In March 2020 Danaher Corporation acquired the Biopharma business from General Electric’s Life Sciences division.

The key market players covered by FMI include Thermo Fisher Scientific Inc, Sartorius, Merck KGa, Danaher Corporation, Applikon Biotechnology B.V., Lonza AG, Bio-Rad Laboratories, Agilent technologies, Solida Biotech GmBH, and Waters Corporation.

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Key Segments:

Product:

  • Upstream Equipment
    • Cell culture development products
      • Cell line development products
      • Cell Lines
      • Media, Sera and other additives
      • Cell line development kits
  • Lab-scale Bioreactors
    • Continuous Stirred Tank Bioreactors
    • Bubble Column Bioreactors
    • Airlift Bioreactors
    • Fluidized Bed Bioreactors
    • Packed Bed Bioreactors
    • Photo-Bioreactors
  • Scale-up and production products
    • Cell culture media and feeds
    • BioProcess Containers & Fluid Transfer Solutions
  1. Single-use
  2. Reusable
    • BioReactors
  1. Single-Use Bioprocess Equipment
  2. Continuous Bioprocess Equipment
  3. Real-Time Bioprocess Equipment
    • Harvest and collection
      • Harvest and separation products
      • Centrifuges for bioprocessing
      • Storage & Transport Products
        v. Production Tanks and Drums
        v. Outer Support Containers
  • Testing Products
    • Cell Counters & Viability Analysis Systems
    • Contamination & impurity testing products
  • Probes and Accessories
  • Downstream Equipment
    • Downstream purification
      • Chromatography Instruments
      • Chromatography Columns
      • Others (Resins and accessories)
    • Buffer preparation and supply
      • Reagents
      • mixing systems
  • Process analytical testing
    • Host cell residual DNA quantitation
    • Protein quantitation
    • Microbial identification
    • Others
  • Probes and Accessories

End-User:

  • Biotech / Biopharmaceutical Companies
  • CDMO / Contract Research Organization
  • Research / Academic Institutes

Region:

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

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Table of Content

  1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

  1. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

2.3. Inclusion and Exclusions

  1. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Method Innovation / Development Trends

  1. Key Inclusions

4.1. Porters Analysis

4.2. PESTLE Analysis

4.3. Product Adoption Analysis

4.4. Key Strategies of Key Manufacturers

4.5. Technology Assessment

4.6. Regulatory Scenario

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ABOUT FUTURE MARKET INSIGHTS, INC.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the market intelligence engine from Future Market Insights. Sign Up for a 7 day free trial!

Contact:

Future Market Insights, Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

Enquiries: sales@futuremarketinsights.com

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Electrochemistry Meters Market Size is Expected to Reach US$ 246.7 Million in 2022

The Electrochemistry Meters Market size is expected to reach US$ 691.3 Mn in 2032, likely to surge at a vigorous 10.2% CAGR during 2022 – 2032.

Electrochemistry meters are among the essential laboratory equipment across research laboratories, as they serve to monitor and measure multiple factors such as dissolved oxygen, conductivity, pH, and concentration of ions, in sample solutions.

Regularly employed in monitoring processes within the pharmaceutical and biotechnology industries, electrochemistry meters are vital for environmental testing, agricultural samples testing, food samples testing. Furthermore, increasing R&D expenditure of biotechnology and pharmaceutical companies will remain a strong factor, underpinning sales of electrochemistry meters in coming years.

Considerable demand for electrochemistry meters has been observed in academic institutions since the recent past, which is driving the revenue of electrochemistry meters market. Moreover, increasing demand for multi-parameter test meters and rising awareness among the people about the safe water consumption are boosting the growth of electrochemistry meters market.

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Electrochemistry Meters Market: Competition Landscape

Some of the prominent players in the global electrochemistry meters market are Metrohm AG (Switzerland), HANNA Instruments, Inc. (U.S.), Xylem Inc. (U.S.), DKK TOA Corporation (Japan), METTLER-TOLEDO International, Inc. (U.S.), Danaher Corporation (U.S.), Thermo Fisher Scientific, Inc. (U.S.), Endress+Hauser AG (Switzerland), Yokogawa Electric Corporation (Japan), and Horiba Ltd. (Japan).

The key players in the global electrochemistry meter market are focusing on acquisitions, partnerships, collaboration and mergers for enhancing the quality and the product portfolio of the company. Along with that, the manufacturers are focusing on launching new enhanced and improved electrochemistry meters for the customers.

  • In April 2019, Thermo Fisher Scientific, Inc., one of the prominent US based players in the industry, entered a research collaboration over the development of advanced end-to-end workflows for the preparation, characterization, and monitoring of novel and complex bio therapeutics using liquid chromatography-mass spectrometry (LC-MS).
  • In March 2019, the company had announced the acquisition of Brammer Bio, a leader in viral vector contract development and manufacturing organization (CDMO).

Electrochemistry Meters Market: Regional Overview

On the basis of the geography, the countries with a significant economy such as Canada and US in North America are estimated to capture the significant share of electrochemistry meters Owing to, rapid development in the field of research laboratories, biotechnology and pharmaceutical Industries. In addition, growing government spending on academic research institutes in North America is boosting the growth of the electrochemistry meters market.

European countries such as France and Germany are expected to hold a prominent share in the electrochemistry meters market Owing to, increase in the pharmaceutical and biotechnology industries in the European countries. Therefore, these parameters are propelling the growth of the electrochemistry meters market in Europe.

Moreover, Asia Pacific Excluding Japan is also estimated to capture the substantial share in the electrochemistry meters market, owing to increasing food and agriculture industries and government spending on academic research institutes. Growth of the environmental testing space in the APEJ is estimated to boost the electrochemistry meters market growth during the forecast period, at a significant CAGR.

In Middle East Africa, there is upsurge in number of biotechnology and pharmaceutical countries along with that, increasing government expenditure on the academic research laboratories for improving the quality of the devices is estimated to fuel gradually the demand for the electrochemistry meters market during the forecast period in Middle East Africa.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and 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 segment. The report also maps the qualitative impact of various market factors on market segments and geographies.

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The report covers exhaustive analysis on

  • Electrochemistry meter Market Segments
  • Electrochemistry meter Market Dynamics
  • Electrochemistry meter Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies Involved
  • Technology
  • Value Chain
  • Market Drivers and Restraints

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Argentina, Peru, Chile, Rest of LATAM)
  • Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX, Eastern Europe, Rest of Europe)
  • CIS & Russia
  • Japan
  • Asia Pacific Excluding Japan (Greater China, India, South Korea, ASEAN Countries, Rest of APEJ)
  • Middle East and Africa (GCC Countries, Turkey, Iran, Israel, S. Africa, Rest of MEA)

Electrochemistry Meters Market: Segmentation

The global electrochemistry meters market has been segmented on the basis of the product type, technology type, end use industry, and region.

The global electrochemistry meters market is segmented by product type:

  • pH and ORP Meter
  • Conductivity Meter
  • Ion Concentration Meter
  • Dissolved Oxygen Meter
  • Potentiometric Titrators
  • Pocket Testers

The global electrochemistry meters market is segmented by technology type:

  • Voltammetry
  • Potentiometry
  • Coulometry
  • Others

The global electrochemistry meters market is segmented by end use industry:

  • Environmental Testing
  • Food and Agriculture
  • Biotechnology and Pharmaceutical
  • Academic Research Institutes
  • Others

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

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Infrared Thermometer Market is Projected to Grow at Around 8.2% CAGR Over the Forecast Period in 2022-2032

The infrared thermometer market is expected to reach at US$ 1.5 Bn in 2032 and anticipated to grow at 8.2% CAGR. Infrared thermometers provide more reliable and precise results, compared to traditional thermometers. Simplicity and affordability are among the major factors driving the infrared thermometer market. An infrared thermometer is an ideal tool for the non-contact measurement of objects that carry current, objects in motion, and objects at high temperatures. The ability of these thermometers to take the non-contact measurement of objects is one of the important factors that boosting the demand for infrared thermometers across the globe.

In addition, the simple handling and easy operation of infrared thermometers has boosted their popularity worldwide. Infrared thermometers enable users to measure the temperature in applications where conventional sensors cannot be employed. The increasing use of infrared thermometers on off-the-field and on-the-field operations is boosting the infrared thermometer market.

Non-contact infrared thermometers, such as tympanic thermometers, thermal scanners, and infrared thermometers, are used to detect the fever of patients, especially children. Technological advancements and new features, such as frequency image recording, high optical resolution, and adjustable digital mode, are accelerating the demand for infrared thermometers.

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Infrared Thermometer Market: Drivers and Restraints

Increasing demand for infrared thermometers in the food and healthcare industries

Infrared thermometers are used to check the equipment performance, sanitation, and process temperature condition, scanning refrigerated display cases, trucks, storage areas, and cooling systems. Rapid growth in the global food industry in the recent years and the frequent use of infrared thermometers in the food industry are among factors that are significantly boosting the infrared thermometer market. Infrared thermometers are also used to detect the insulation breakdown, heat loss, and duct leakage of air conditioning systems.

Furthermore, the increasing adoption of infrared thermometers in the electronics industry to monitor the performance of engine/motor cooling systems, boiler operations, stem systems, and the detection of a hot spot in electrical systems is fueling the demand for infrared thermometers. The high adoption of infrared thermometers in the agriculture industry to monitor the temperature of plants for stress and animal bidding to detect spoilage is another factor boosting the infrared thermometer market. The demand for these thermometers is majorly driven by the increasing awareness about these devices among people across the world.

On the other hand, high price point of infrared thermometers and low reach of manufacturers will continue to hamper rapid revenue growth of the infrared thermometer market.

Infrared Thermometer Market: Competition Landscape

Some of the prominent manufacturers of infrared thermometers are Thermo Fisher Scientific Inc., HORIBA, Ltd., Omega Engineering Inc., PCE Deutschland GmbH, Weiss Instruments LLC, Mediaid, Inc., Fluke Corporation, and Optris GmbH.

Key manufacturers are concentrating more on providing advanced infrared thermometers worldwide. Manufacturers are continuously working on reducing the prices of these thermometers. Key manufacturers are trying to provide affordable infrared thermometers across the globe.

  • Recently, PCE Instruments, a leading manufacturer of thermometers, launched a new ITF-10 infrared thermometer in the market. The features of this thermometer include a wide temperature measuring range, high optical resolution, and fixed emissivity.

Infrared Thermometer Market: Regional Overview

The presence of key manufacturers in the North America region is one of the important factors due to which the region holds a significant share of the infrared thermometer. Increasing expenditure on the food and electronics industries in countries, such as Canada, the US, and Mexico, is boosting the demand for infrared thermometers in the market.

Europe is expected to follow the North America region in terms of the demand for infrared thermometers due to rapid technological advancements in the agriculture and healthcare industries. Increasing government investment and schemes in the healthcare industry in countries such as India and China is accelerating the growth of the infrared thermometer market. However, the low adaption of advanced infrared thermometers in the MEA region is hampering the growth of the market.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and 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 segment. The report also maps the qualitative impact of various market factors on market segments and geographies.

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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
  • Market Drivers and Restraints

Regional analysis includes:   

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Argentina, Peru, Chile, Rest of LATAM)
  • Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX, Eastern Europe, Rest of Europe)
  • CIS & Russia
  • Japan
  • Asia Pacific Excluding Japan ( Greater China, India, South Korea, ASEAN Countries, Rest of APEJ)
  • Middle East and Africa (GCC Countries, Turkey, Iran, Israel, S. Africa, Rest of MEA)

Infrared Thermometer Market: Segmentation

On the basis of product type, the infrared thermometer market is segmented into:

  • Contact thermometers
  • Non-contact thermometers

On the basis of end use, the infrared thermometer market is segmented into:

  • Agriculture Industry
  • Food Industry
  • Electronic Industry
  • Healthcare Industry
  • Others

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

Contact Us:
Future Market Insights,
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Global Airborne Warning and Control System Market – Key Players are Adopting Different Growth Strategies to Maintain Their Global Dominance

In the times of political instability, the demand for airborne warning and control systems has been on the rise. Growing tensions with neighbouring countries and need to be well-equipped with latest defence technologies has given this market a shot in the arm. These electronic radar-based control systems are designed to achieve battle management and to carry out airborne surveillance.

They are used to determine ships, aircrafts, and vehicles at long geographical regions ranging up to 400 kms or more. At an altitude, the airborne warning and control systems contribute in the detection of friendly and hostile aircrafts, which is crucial for maintaining accurate intel about air space. Its range is much farther than a ground based radar system, making it apt for airborne surveillance.

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Improving Defense Budgets to Benefit Global Airborne Warning and Control System Market

The sheer growth in the defense techniques and adoption of improved security solutions by developing and developed countries have been the driving factors for the global airborne warning and control system market. Due to enhanced mobility, the airborne warning and control systems are difficult to track, especially at higher altitudes. Growing need to track enemy movement to be prepared is, especially for countries engaged in conflict has put this market in a spotlight. Increasing defense budgets and investments in developing sophisticated technology has also favoured market growth in recent years.

Aircraft Radar Detections to Remain Popular Segment

On the basis of application, the global airborne warning and control system market can be segmented into aircraft radar detections, wars, special mission aircrafts, and cargo and transportation. The report predicts that aircraft radar detection systems will lead the market due to their ability to detect air targets with perfect positing. These systems allow early detection of enemy attack to be prepared. The growing importance of unmanned warfare has also given this segment a good reason to grow

North America to Lead Global Market as the U.S. Continues to Improve its Arsenal

In terms of geography, North America leads the global airborne warning and control system market. Continuous improvements to arsenal, investments in development of technology, and prolonged wars has given this region an edge over others. Sizeable defense budgets have also played a crucial role in keeping this region in the forefront. Analysts anticipate that U.S. will lead North America’s progress in the forecast years. However, Asia Pacific too is expected to pace ahead as India continues to be surrounded by enemy nations. China has also been providing the market ample of opportunities to grow.

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Key Players

Some of the key players operating in this market are Boeing, Delco, Teledyne Ryan, Rockwell-Collins, RF Products, E-Systems, Singer-Kearfott, IBM (CC-2 Computer), Northrop, Hazeltine/Siemens AG, AIL Div., and Eaton Corp etc.

How Will Growth Unfold?

In the coming months, the demand for airborne warning and control systems will be determined by the political volatility. Expenditure on national security measures will be the turning point of this market. Focus on unmanned combat will future boost this the market, showing its IT readiness. Additionally, investments in sophisticated machinery will also play a big part in development of this market.

Report Highlights:

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

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Demand for Electrical Testing Services in North America Will Increase by 5.9% CAGR During Forecast Period 2031

The demand of north america electrical testing services market is projected to exhibit year-on-year (YoY) growth of 4.8% to total ~US$ 1.8 Bn in 2021

The report has forecast the North America electrical testing services market to grow at nearly 5.9% during 2021-2031. Due to the economic impact of COVID-19, demand for electrical testing services decreased in 2020. With various end-use sectors already resuming daily operations, scope for sales of electrical testing services will grow in North America.

Because of the high pace of population expansion and urbanization in the United States and Canada, the power generation and transmission industries are expected to increase steadily. Rapid growth in the residential sector in urban as well as semi-urban areas in this region will contribute significantly to the market growth.

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2021-2031 North America Electrical Testing Services Market Outlook Compared to 2016-2020Driven by the rapid industrialization and technological advancements in North America, the electrical testing services market will rise at 5.9% CAGR between 2021 and 2031 in the comparison above 0.9% CAGR registered during 2016-2020.

Transformer testing and other major service types are currently in high demand across diverse industries as transformer testing is essential for confirming the performance and specification of a transformer. Performing maintenance and testing periodically to maintain the working efficiency of an electrical device is of prime importance. This makes electric testing services highly sought-after in North America.

Increasing focus on personal safety is encouraging customers to invest in advanced electrical testing solutions. As electricity has the potential of fatally injuring a person, unchecked electrical equipment has a greater probability of causing hazard due to instances such as leakage, short-circuiting, faults in wiring, leakage of lubricants, and others. To counter the risk of such incidents, focus on electrical testing services will skyrocket.

Key Takeaways of North America Electrical Testing Services Market Study

  • The U.S. will lead the North America electrical testing services market, accounting for over half of sales through 2031.
  • The demand for electrical testing services in Canada will grow by 6.1% CAGR between 2021 and 2031.
  • During the projected period, transformer testing and circuit breaker testing segments are expected to lead in terms of market share and growth rate. Because of their simple operational versatility and high load capabilities, the category is predicted to account for nearly half of the market value share through the forecast period.
  • The increasing demand for rotating equipment vibration testing and motors/generators testing will continue driving growth in the market.

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Competitive Landscape

The market is moderately consolidated, with key players accounting for more than half of the market share. These players are likely to invest in new technology developments and expansion of their networks in order to maintain their market shares. Some of the key players in the market are Schneider Electric, Siemens AG, Eaton Corporation plc, General Electric Company, ABB Inc., Power Products & Solutions, American Electrical Testing, Haugland Group LLC, Dekra, TCS Electrical Co., Phase One Electric, Intran, GEM Electrical Services and Electric Power Systems.

North America Electrical Testing Services Market by CategoryBy End Use:

  • Power Generation Stations
  • Transmission and Distribution Stations
  • Steel Plants
  • Major Refineries
  • Railways
  • Other Industrial (Laboratory, etc)
  • Data Centers
  • Healthcare and Hospitality
  • Commercial Establishments

By Service Type:

  • Transformer Testing
  • Circuit Breaker Testing
  • Protection Testing
  • Battery Testing
  • Rotating Equipment Vibration Testing
  • Motors/Generator Testing
  • Thermographic Testing

By Country:

  • The U.S.
  • Canada
  • Mexico

About FMI:

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

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For Media Enquiries: press@futuremarketinsights.com
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Air Pressure Sensor Market Analysis Report by Marketing Strategy, Promotions, New Product Launches and Emerging Trends by 2030 End

The global air pressure sensor market is expected to register a CAGR 4% between 2020 and 2030. Increase in demand for reliable sensors, low cost maintenance, and high performance are anticipated to fuel the growth of the market. The demand for air pressure sensors market is rapidly increasing as they are widely used across industries such as petrochemicals, building, shipbuilding, aircraft, and medical sector among many others.

In building, medical and automotive sector, MEMS-based pressure sensors are widely used. Additionally, the shift from analog to digital has led to development of smarter air pressure sensors that deliver efficient performance. Advancements in ICT technology as well as nanotechnology applications are emerging as new trends in the global air pressure sensor market.

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Industrial Expansion to Boost Demand for Air Pressure Sensors

Improved sensitivity in pressure sensors has strongly contributed to the demand of the global air pressure sensor market. Growth of industries, increasing exploration activities, and improving disposable incomes supporting the sale of automobiles have all made a significant impact on the market. Advancement in technology, such as real-time monitoring for vehicles, is opening new doors to the growth of pressure sensors for medical and automotive applications. In coming years, it is anticipated that penetration of MEMS technology is going to lead the overall global air pressure sensor market. However, higher cost of the investment for production, could act as a major restraint in the global air pressure sensor market.

Asia Pacific to Lead as Emerging Economies Boost Manufacturing Activities

On the basis of region, Asia Pacific, Japan and Latin America are expected to be the growth engines of for the global market. Asia Pacific is anticipated to dominate the global air pressure sensor market as China and India continue to be the key manufacturing hubs for the world. In Latin America, Brazil is expected to present the largest opportunity in terms of revenue of the air pressure sensor market. The remaining regions are expected to grow at a steady rate over the forecast period.

Air Pressure Sensor Market: Key Players

Some of the key market participants in global air pressure sensor market are ABB Ltd., Analog Devices, Inc., Analog Devices, Inc., Analog Devices, Inc., Emerson Electric, General Electric, Freescale Semiconductor, Honeywell International, Robert Bosch GmbH and others.

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Report Highlights:

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

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Flexible AC Current Transmission System Market Comprehensive Research Study and Strong Growth in Future 2032

obal flexible AC current transmission system demand is estimated to total US$ 1.3 Bn by the end of 2022. The sales in the market are expected to surpass US$ 1.9 Bn by 2032, exhibiting growth at a CAGR of 8.5% over the forecast period 2022-2032.  Flexible AC Current Transmission System (FACTS) is a power electronic-based system, composed of static equipment used for the AC transmission of electrical energy.

FACTS offers collective controllability and the power transfer ability of the network, as well as results in reduced power supply costs. Complexity in networks has increased the issues in power supply quality, flexibility and reliability.

Depending on compensation types global flexible AC current transmission systems market (FACTS market) can be segmented into Static Var Compensator or SVC, Static Synchronous Compensator or STATCOM, Thyristor Controlled Breaking Reactor or TCSC, Thyristor Controlled Series Capacitor or TSC, Thyristor Switched Series Reactor or TSR and Static Synchronous Series Compensator or SSSC.

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Flexible AC Current Transmission System Market: Drivers

With the rising demand of power in electricity usage and other applications, it has created countless opportunities for FACTS. Its benefits include reduction in loop flows, voltage fluctuations and reactive power flows. Other benefits are increase in power system security and power loading capability. FACTS controllers provide faster control actions as compared to conventional devices, such as switches or phase shifting transformers. On the other hand, key challenges for global flexible AC transmission systems market (FACTS market) are the cost of these systems, growing diversities in environmental, land-use and regulatory pressures. These challenges have restricted the growth of electric power transmission facilities in many parts of the world.

Flexible AC Current Transmission System Market: Segmentation

The global flexible AC current transmission systems market (FACTS market) can be segmented on the basis of application, component and compensation type. The key application based segments of global flexible AC current transmission systems market (FACTS market) are steel industry, mining industry and electric utilities industry. For the overall optimization of the AC current transmission system, various types of FACTS components used are series controller, shunt controller, combined series-series controller and combined series-shunt controllers.

In application segment, electric utilities has the largest market share and is expected to increase with growth in demand of power electronic devices. In compensation type, (Static Var Compensator) SVC accounts for largest share in global flexible AC current transmission systems market (FACTS market).

Global flexible AC current transmission systems market (FACTS market) is anticipated to grow at a high single digit CAGR from 2015 to 2025. Global flexible AC transmission systems (FACTS) installation revenue is anticipated to increase to nearly $40 billion during the forecast period. Currently, U.S. and Europe are the largest players in the global flexible AC current transmission systems market (FACTS market) due to replacement and up gradation of power infrastructure. However, APAC and Japan are anticipated to be the emerging regions in global flexible AC current transmission systems market due to increase in demand of renewable power sources.

Flexible AC Current Transmission System Market: Key Players

Major players in the global flexible AC current transmission systems market (FACTS market) are ABB, Alstom, Eaton and Xian Electric Engineering, General Electric, Mitsubishi Electric, Toshiba, Siemens, America Superconductor Corporation and Others.

This research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically-supported and industry-validated market data and projections with a suitable set of assumptions and methodology. It provides analysis and information by categories such as market segments, regions, product type and distribution channels.

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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)
  • Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC, S. Africa, N. 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.

Flexible Ac Current Transmission System Market

Report Highlights:

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

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In-circuit Tester Market to Rise at a CAGR of ~4.9% During the Forecast Period 2031

The global in-circuit tester market estimated to be valued at ~US$ 1.06 Bn in 2021.The COVID-19 pandemic crisis has severely affected the growth. It caused significant disruptions in manufacturing activities and supply chain networks, subsequently affecting the in-circuit tester market. However, the market is expected to recover as the economic activities resume post the containment of pandemic.

In-circuit tester market is likely to grow at a moderate pace during 2021-2031. It is expected to gain from increasing applications across various end-use industries. With manufacturers emphasizing on developing advanced testing equipment, industries are likely to benefit from improved life cycle and durability of in-circuit testers.

Application in automotive electronics is poised to surge in the coming years. With automotive production gradually getting back on track, sales in the sector are expected to pick up. Subsequently, the demand for in-circuit tester will increase as the sector aims at keeping pace with dynamic consumer preference.

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Key Takeaways from In-Circuit Tester Market Study

  • FMI has forecast the demand for in-circuit testers to rise at a CAGR of ~4.9% during the forecast period of 2021-2031
  • While the U.S. continues to hold over nearly 70%, the demand from Canada is expected to rise at a higher pace
  • Within Europe, the U.K. will emerge as a key market, exhibiting 5.6% Y-o-Y growth in 2021
  • France and Germany too will continue exhibiting high demand, thanks to expansion of manufacturing activities
  • Within East Asia, China will emerge dominant. Demand from Japan and South Korea will also rise at a positive pace

 “The increasing demand for in-circuit test and boundary scan test solutions from automotive electronics manufacturers is expected to drive the market. Within a moderately consolidated market space, manufacturers are highly concentrated on increasing sales and expanding their distribution networks with the launch of various standards and models of in-circuit testers,” says a FMI analyst.

Rising Focus on Emission-control Enabling Growth

Expansion of the automotive electronics sector will remain a chief driver as the report. This is primarily attributable to the implementation of stringent emission control regulations. Coupled with this, the increasing demand for improved comfort, efficiency, connectivity, and safety among consumers will boost in-circuit tester applications in automotive electronics manufacturing.

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Along with this, the advent of electronic vehicles will bolster growth opportunities for the market. Focus towards achieving zero emission within the automotive industry will emerge as a chief growth driver.

In-Circuit Tester Market by Category

By Product

  • Multimode Flying Probe Tester
  • In-Line Tester

By Portability

  • Benchtop
  • Compact

By Application

  • MDA
  • ICT
  • FICT

By Fixture

  • Vacuum
  • Pneumatic
  • Mechanical

By Mode

  • Semi-Automatic
  • Automatic

By End-use

  • Automotive Electronics
  • Consumer Electronics
  • Medical Equipment
  • Defense and Aerospace Electronics
  • Power Generation, Storage and Distribution
  • Network and Communications
  • Computers and Peripheral Devices
  • Industrial Electronics

By Region

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

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About FMI:

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

Contact:

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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