Market Research Blog – Page 10577 – New Product Development

Electrified Aircraft Propulsion Market is Projected to Register a CAGR of 14.3% During the Forecast Period 2022-2032

The electrified aircraft propulsion market share is expected to reach US$ 6 Bn in 2021 and US$ 20 Bn by 2030, with a CAGR of 14.3% during the projected timeline. The adoption of cleaner and greener aircraft, advancements in sophisticated air mobility, and alternative energy sources are all driving the demand for electrified aircraft propulsion forward.

Owing to the announced lockdowns and government restrictions on public meetings owing to the COVID-19 epidemic, research and development in the electrified aircraft propulsion market have been impeded around the world.

The pandemic has slowed the production of components, including lithium-ion batteries and other power electronics parts. As the globe returns to normalcy, the sales of electrified aircraft propulsion will see a significant rise.

The shortage of replacement parts is hindering continued prototype research and development. Due to the current constraints, companies are unable to test their prepared prototypes, but this is expected to restart once the restrictions on aircraft propulsion are lifted.

With the growing size of the global aircraft fleet and increased airline travel, emission issues are expected to climb even more.

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As a result, there is a desire for electrified aircraft, which is likely to aid in the reduction of carbon emissions. Institutions and local authorities such as the International Civil Aviation Organization, the Federal Aviation Administration, and the European Union Aviation Safety Agency have called for viable aircraft fuel alternatives.

Manufacturers strive to change effectiveness by substituting hydraulically operated systems with electric systems in the electrification of aircraft.

The poor energy density of batteries is one of the most significant issues that electric aircraft manufacturers confront when it comes to long-distance flights. The watt-hours per kilogram (Wh/kg) unit of measurement for aircraft propulsion is commonly used.

The current lithium-ion batteries have an energy density of 250 Wh/kg, which is far lower than the 12,000 Wh/kg energy density offered by conventional jet fuel or kerosene. As a result, all-electric long-haul commercial flights are still a long way off, as fossil fuels are 14 times more energy-dense than battery-powered alternatives.

Some of the major factors driving the growth of the global aircraft electrification market are an increase in global government concerns about environmental pollution, stringent rules regarding carbon emissions through airplanes by the aircraft industry to reduce aircraft noise, and low operational costs.

Electric aircraft’s restricted range and capacity, on the other hand, are projected to hinder market expansion. On the other hand, advancements in superior power electronics components and Lithium-ion battery technology are expected to open up the attractive potential for the electrified aircraft propulsion market.

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Key Takeaways

With a market dominance of 24.3 percent in 2021, the battery sector is anticipated to drive the electrified aircraft propulsion market over the projected period.
According to technology, the hybrid electric aircraft segment of the aircraft electrification market is expected to grow at the fastest rate during the forecast period.
From 2021 through 2030, the North American market is expected to contribute the most. The increasing demand for new airplanes in North America is one of the main reasons for the region’s leadership in the electrified aircraft propulsion market.
Turbogenerators for powering electric motors and batteries, electric actuators, and fly-by-wire are among the latest innovative technologies in the aviation electrification business.

Competitive Landscape

To consolidate their power in the electrified aircraft propulsion market, key players have used a variety of organic and inorganic techniques.

Safran, Thales Group, Raytheon Technologies, and GE Aviation have used a number of strategies to expand their market position, including acquisitions, contracts, new product launches, collaborations, and agreements.

Recent Developments

GE Aviation chose Boeing in February 2022 to assist flying tests of their hybrid-electric propulsion system on a modified Saab 340B aircraft with CT7-9B turboprop engines.

GE Aviation will get airplane modification, system integration, and flight-testing services from Boeing and its affiliate Aurora Flight Sciences.

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MagniX and DESAER, a Brazilian aviation business, established cooperation in February 2022 to develop the ATL-100H, a hybrid-electric version of the ATL-100 regional aircraft.

Depending on the range of operation, the ATL-100H is predicted to save 25-40% of gasoline, which is a considerable reduction in carbon emissions. The hybrid-electric aircraft ATL-100H’s revolutionary design is the first step toward DESAER’s goal of developing an all-electric aircraft, addressing the world’s growing recognition of the need to advance sustainable aviation practices.

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Energy Harvesting Market is Projected to Record a CAGR of 7.5% from 2022-2032

The global energy harvesting market is projected to record a CAGR of 7.5% from 2022-2032.

“A number of newly developed and efficient energy applications, broad acceptance of renewable energy sources, and green energy harvesting are likely to play a critical role in the growth of the worldwide energy harvesting Industry.”

Growing applications of the energy harvesting technology and home automation is another key driver to the market growth. The green energy harvesting trend is effectively governing the market, while favourable initiatives by various governments are also boosting the market on a global level. Energy harvesting on a significant scale is used in industrial WSNs, and this trend is projected to continue during the forecast period.

What Restrains the Growth of the Energy Harvesting Market?

“Shift in energy harvesting technology from off grid to smart grid will drive the energy harvesting demand”

Energy harvesting technology is utilized off-grid or on-demand; both of these usage patterns, however, have inherent technological challenges that may limit the market’s demand for energy harvesting equipment. Another deterring factor includes inadequate awareness among consumers about the availability and usage of the energy harvesting systems based on harvested energy.

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Moreover, relatively higher initial costs associated with these devices are expected to curtail the growth of the market globally. The energy harvesting technology generates lower current, which makes it incompatible for the application in all types of energy domains. Shifting to a smart grid paradigm can help the energy harvesting market in the direction of prosperity.

How is the Global Energy Harvesting Market Classified?

“Energy harvesting encompasses a wide range of energy harvesting systems, energy harvesting devices, energy harvesting technologies which are utilized for energy storage in a variety of energy harvesting projects”.

The energy harvesting market based on application is segmented as wireless sensor network (WSN), consumer electronics, industrial, building, bicycle dynamo, military and aerospace, automotive, healthcare, and others (research, animals, and farming).

Among these, consumer electronics, including mobile phones, wrist watches, calculators, and piezoelectric gas lighters, cover the maximum share of the global energy harvesting market, followed by military and aerospace-based applications. However, building and home automation is the fastest growing application segment in the energy harvesting sector.

Energy harvesting is also an integral part in a wireless sensor network (WSN) these days. Building and infrastructure, home automation of lighting, security, and electronics, and WSNs for bridges are among the most popular energy harvesting applications in recent years using multiple devices for energy harvesting.

A current trend in wireless energy harvesting is the use of mmWave (millimeter wave) for 5G cellular networks. Energy harvesting is estimated to find increasing applications in the automobile industry in the near future.

The advent of nano technology has offered ample growth opportunities to the energy harvesting market. Since nanotechnology helps manufacturing of compact-sized devices, the emergence of portable energy devices based on energy harvesting technology is the most likely occurrence in the market.

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Which Region Is Likely to have a Dominant Stance in the Energy Harvesting Market?

“Investment in new energy harvesting technologies and energy harvesting materials along with energy storage devices will be preferred by energy harvesting projects”

The energy harvesting market can also be segmented into North America, Latin America, Asia Pacific, Japan, Western Europe, Eastern Europe, and the Middle East and Africa. America is projected to remain the dominating markets in 2016, with a significant market share.

Europe will be the fastest growing market, owing to burgeoning promotion and investments by The European Commission in R&D of energy harvesting and energy storage devices. North America and Asia Pacific will also account for remarkable market shares by 2020 end.

In North America, the U.S. will dominate, whereas in APAC, Japan will reportedly contribute the largest share to the total energy harvesting market revenues.

Key Questions Answered in the Report

What is the Growth Outlook for the Global Energy Harvesting Market?

The global energy harvesting market is anticipated to register a CAGR of 7.5% from 2022 to 2032.

How much can the Energy Harvesting Market Grow by 2032?

The global energy harvesting market in likely to cross US$ 1 Bn mark by 2032.

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Dimethyl Carbonate Market | Size, Growth, Demand, Scope, Opportunities and Forecast to 2022-2032

The global dimethyl carbonate market is projected to expand at a 5.8% CAGR over the assessment period, reaching US$ 954.1 Mn by 2032. Increasing demand for battery materials owing to rising electric vehicle sales is expected to remain a key growth driver for sales of dimethyl carbonate.

Dimethyl carbonate is one of the key organic solvents and a chemical intermediate used in downstream applications. In addition to the conventional applications of dimethyl carbonate such as polycarbonate production, adhesives, sealants, coatings, etc. lithium battery electrolyte segment is gaining traction in the market.

The battery electrolyte segment is expected to witness a significant growth owing to increasing applications. Industrial grade methyl carbonate is relatively a less pure grade of DMC and is mainly used in traditional downstream applications and for the manufacturing of polycarbonates, whereas battery grades are comparatively of high purity and are used in lithium batteries electrolyte.

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An increase in the preference for green or renewable chemicals is expected to boost sales of methylating agent in the forthcoming years, thereby augmenting the growth in the market.

“Growing demand for polycarbonate for the production of safety helmets, bulletproof glass, roofing and glazing, and others are expected to propel the consumption of dimethyl carbonate over the forecast period,” says an FMI analyst.

Key Takeaways:

More than 50% of dimethyl carbonate to be consumed for the production of polycarbonate throughout the forecast period.
The battery-grade segment is anticipated to witness a growth at a 6.7% CAGR over the forecast period.
The U.S. will hold 89% of the North America dimethyl carbonate market share through 2032.
Sales of dimethyl carbonate in China will increase by 6.4% year-over-year.
The South Asia and Pacific dimethyl carbonate market will offer an incremental dollar opportunity of US$ 71.6 Mn.

Competitive Landscape

Ube Industries Ltd., Shandong Shida Shenghua Chemical Group Co. Ltd., Kowa Company Ltd., Kishida Chemical Co. Ltd., Haike Chemical Group, Zhejiang Petrochemical Co., Ltd., Guangzhou Tinci Materials Technology Co. Ltd., Hefei TNJ Chemical Industry Co., Ltd., Tangshan Chaoyang Chemical Co., Ltd., Qingdao Aspirit Chemical Co., Ltd., Kindun Chemical Co., Limited, Henan GP Chemicals Co. Ltd., Aceto Corporation, Connect Chemicals, Silver Fern Chemicals, Balaji Amines, are some of the leading manufacturers of dimethyl carbonate.

More Insights into the Dimethyl carbonate Market Report

In its latest report, FMI offers an unbiased analysis of the global dimethyl carbonate market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022-to 2032. To understand the global market potential, growth, and scope, the market is segmented based on grade, application, end-use, and region.

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Dimethyl Carbonate Market Segmentation

By Grade:

Industry Grade
Pharmaceutical Grade
Battery Grade

By Application:

Polycarbonate Synthesis
Battery Electrolyte
Solvents
Reagents
Fuel Additives
Electrolyte
Others

By End Use:

Plastics
Paints & Coating
Pharmaceutical
Battery
Agrochemicals
Adhesives & Sealants
Electronics
Others

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Ammonium Carbonate Market | Global Industry Analysis, Size, Share, Growth, Trends And Forecast to 2022-2032

Ammonium carbonate (E503) is salt and is also known as hartshorn and baker’s ammonia. It is a leaving agent that is used for baked goods, such as cookies, lekuchen, flat biscuits, and crackers. These are not used in cakes since ammonium carbonate imparts bad smell.

It doesn’t leave any salty or soapy taste. Ammonium carbonate is the precursor to baking soda and baking powder and is an essential component in smelling salts. Ammonium carbonate is a non-toxic white crystalline salt.

Further, ammonium carbonate is also used as an emetic and active ingredient in cough syrups intended to dismiss the symptoms of bronchitis. Ammonium carbonates are also used as ingredients in certain smokeless tobacco products.

Ammonium carbonate is used as a leavening agent, mainly in the European Union. It also serves as an acidity regulator. The major factor driving the market being ammonium carbonate can be used as a substitute for baking powder. However, this can affect the taste as well as the texture of the finished products. Ammonium carbonate is intended to use as an ingredient in baked foods.

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These are available usually available in drug and specialty food stores. Ammonium carbonate is mainly used in thin products such as cookies, where the ammonium gas can escape easily. Whereas baked foods such as cake and pie will hold the ammonia gas. Ammonium usually comes in lumps, and they are required to be powdered before use and have to be stored in sealed container.

Global Ammonium Carbonate Market: Segmentation Overview

The global ammonium carbonate market is segmented by application, function type, and product type. By product type, the ammonium carbonate market is sub segmented into reagent grade and technical grade.

Within application section, these are further sub-segmented into food & beverages, pharmaceuticals, cosmetics & personal care, and animal feed. In pharmaceutical segment, Ammonium Carbonate is majorly used in cough syrups, cough relief, and other products.

Global Ammonium Carbonate Market: Drivers and Restraints

One of the primary drivers of the ammonium carbonate market is the increasing demand for processed foods. With increasing demand for organic ingredients in processed food and rising awareness about the ingredients, the demand for ammonium carbonate is expected boost during the forecast period.

However, the major menace is the threat to the environment, and immediate steps should be taken to bind the spread of compound to the environment. Another significant restraint in the global ammonium carbonate market is the stringent regulations which the manufacturers need to follow.

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Global Ammonium Carbonate Market: Regional Outlook

The ammonium carbonate market is segmented by regions into North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa (MEA), Asia-Pacific excluding Japan (APEJ), and Japan.

Few countries in the European Union and Middle-East and Africa, prefer using Ammonium Carbonate in baking food. Ammonium Carbonate is also used in agrochemical additives for manufacturing fertilizers.

Global Ammonium Carbonate Market: Prominent vendors

The prominent players in the global ammonium carbonate market are Bayer CropScience, Monsanto, Shanghai Mingdou Agrochemical Co. Ltd, BASF, Taixing Dongyu Chemical, Yixing Weixing Chemical, Oasis Fine Chem, P J Chemicals, Taixing Experimental Chemical, Syngenta AG, Akash Purochem Private Limited, SinoHarvest Corporation, and Shanghai Tenglong Agrochemical Co. Ltd., among others.

To ensure product differentiation and to gain a considerable share of the market, major vendors are adopting creative strategies and are constantly developing innovative products. Most of the major ammonium carrageenan manufacturers concentrate on capitalizing their funds to maintain applications in the food industry and technical marketing groups are appointed to serve the ever-changing needs of clients.

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Global Ammonium Carbonate Market: Segmentation

The global ammonium carbonate market is segmented by product type,

Reagent grade
Technical grade

The global ammonium carbonate market is segmented by application,

Food & Beverages
Pharmaceuticals
Cosmetic & Personal care
Animal feed

The global ammonium carbonate market is segmented by function type,

Plastic foaming agent
Leavening agent
Medical reagent

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Paraffins Market | Key Players, Applications, Outlook, SWOT Analysis And Forecasts By 2032

The global paraffin market is estimated to secure a market value of US$ 9.4 Billion by 2032 while expanding at a CAGR of 4.4%. The market valued US$ 5.9 Billion in 2021. The industry is anticipated to garner US$ 5.9 Billion in 2021.

The growth of the market can be attributed to the expansion of key end use industries, such as the paperboard and packaging sector, and personal beauty care, among others. Demand from the food industry for surface protection is projected to be another factor driving the industry growth in the forecast period.

Furthermore, expanding candle industry is predicted to propel the market. Yankee Candle Company launched a Sunday Brunch Candle collection. The candle was launched in various fragrances such as; vanilla, honey lavender, and others.

Such initiatives are anticipated to boost the demand for Paraffin and propel the industry growth in the forecast period. In addition, rising demand for personal care products, principally in developing countries, like India, South Korea, and others are predicted to drive the market in the forecast period.

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Rapid urbanization and the surging number of working women are other important factors contributing to the surged demand for paraffin in the forecast period.

Key Takeaways from the Global Paraffin Market:

The paraffin wax segment to expand at a growth rate of 4.1% during the forecast period
Paper board and packaging to record a CAGR of 4.1% in the assessment period
Market in the U.S to hold a value of US$ 3.2 Billion by 2032
Chinese market to record a CAGR of 4% by 2032
Market in Japan to secure a market value of US$ 600 Million
Market in South Korea to hold a revenue of US$ 300 Million by 2032

“Rapid growth of personal and beauty care sector, owing to the increasing disposable income and swift development of paper board and packaging industry is expected to play a significant role in driving the global market for paraffin in the forecast period.”

Competition Analysis

Key players in the global paraffin market include Exxon Mobil Corporation, Sasol, LANXESS, China Petroleum & Chemical Corporation, and ENEOS Corporation. Recent key developments in the market are as follows:

In March 2022, Sasol, the South African Energy, and Chemical Company sold its German subsidiary Sasol Wax to AWAX s.p.a. The firm is an international group specializing in providing wax products. The enterprise with two manufacturing units in the U.K and Austria will function under the name Hywax GmbH from w.e.f March 1, 2022.
In August 2021, LANXESS acquired Emerald Kalama Chemical for US$ 1.04 Billion. The specialty chemicals enterprise, LANXESS accomplished the second-largest history with the takeover of Emerald Kalama Chemical.

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More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global paraffin market, presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of type (paraffin wax, liquid paraffin, kerosene, petroleum jelly) and application (cosmetics and personal care, paperboard and packaging, fuel, rubber, lubricants, other applications), across five major regions (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa)

Key Segments Profiled in the Global Paraffins Market

Paraffins Market by Type:

Paraffin Wax
Liquid Paraffins
Kerosene Paraffins
Petroleum Jelly Paraffins

Paraffins Market by Application:

Paraffins in Cosmetics and Personal Care
Paraffins in Paperboard and Packaging
Paraffins in Fuel
Paraffins in Rubber
Paraffins in Lubricants
Paraffins in Other Applications

Paraffins Market by Region:

North America Paraffins Market
Europe Paraffins Market
Asia Pacific Paraffins Market
Middle East and Africa Paraffins Market
Latin America Paraffins Market

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Echogenic Catheters Market | Global Industry Overview and Competitive Landscape till 2028

Echogenic Catheters Market Overview

Echogenic catheters or ultrasound catheters are majorly used for various non-imaging applications, many of them are new and are in different stages of development.

Major applications of echogenic catheters include ultrasound-guided continuous peripheral nerve blocks, ultrasound guided embryo transfer, intravascular ultrasound, intracardiac echocardiography, etc.

Although applications are different, the basic mechanism used in echogenic catheters is common in all types of echogenic catheters, which involve ultrasonic markers incorporated either into catheter material or at the tip of the catheters. Echogenic catheters have a miniature marker transducer mounted at the tip or some other place of interest.

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Echogenic catheters are connected to a passive type transponders and are able to generate visible localization mark on echography screen. Initially when first launched, echogenic catheters were restricted for use in cardiac applications and were used to guide the placement of pacing lead tip in the heart.

Echogenic catheters are now replacing traditional technology of X-ray fluoroscopy, as it does not clearly visualize soft tissue and also have risks of exposure to ionizing radiations.

The first echogenic catheter was launched in 2008 by MedSystems, which was acquired by St. Jude Medical later in the same year. The global market for echogenic catheters has seen many changes in technology since then.

Echogenic Catheters Market: Drivers and Restraints

Primary factors driving echogenic catheters market include growing need for safe and effective guiding technology during surgical and minimally invasive procedures and safety of the technique compared to other alternatives.

Besides, need for accurate procedures to diagnose cardiovascular diseases especially arrhythmias and structural heart disease is attributed to growth in demand for echogenic catheters across all end users.

Choice to ultrasound guided minimally invasive procedures in geriatric patients is another factor driving growth of the global echogenic catheters market.

Increasing incidence of post-traumatic pain or stress is leading to growing adoption of continuous peripheral nerve block (CPNB), and thus demands the increased use of echogenic catheters to place CPNB.

However, unawareness towards the procedure in some developing countries is the factor limiting the growth of the global echogenic catheters market.

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Echogenic Catheters Market: Overviewv

The global market for echogenic catheters is highly consolidated with very few players operating in the global space. Combined approaches of using echogenic catheters with acoustic imaging to obtain accurate diagnosis and prognosis of conditions such as atherosclerosis is increasing over the period, which is expected to create high demand for echogenic catheters in diagnostic applications.

Some of the established brands of echogenic catheters are Arrow FlexBlock Echogenic cPNB Catheter (Teleflex), Wallace Sure-Pro Ultra (CooperSurgical), Contiplex C (B. Braun), VIEWFLEX (Abbott), AcuNav (Siemens) etc. among others

Echogenic Catheters Market: Regional Wise Outlook

Geographically, the global echogenic catheters market is classified into regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. North America is expected to be the leader in global echogenic catheters market owing to concentration of key market players in the region.

The market in Asia Pacific excluding Japan is expected to grow at significant CAGR due to expansion of product offerings by key players. Europe is expected to take second largest share in the global echogenic catheters market throughout the forecast period.

Echogenic Catheters Market: Key Players

Examples of some of the major players in the global echogenic catheters market are Teleflex Incorporated, CooperSurgical Inc., B. Braun Medical Inc., Infraredx, Inc., Abbott, Siemens Healthineers, and Innovative Health, etc. Technological advancement in already marketed products is the major trend emerging in the global echogenic catheters market.

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.

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, U.K, Spain, France, Nordic countries, BENELUX)
Eastern Europe (Russia, Poland, Rest Of Eastern Europe)
Asia Pacific Excluding Japan (China, India, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, Rest Of MEA)

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Echogenic Catheters Market: Segmentation

Tentatively, the global echogenic catheters market has been segmented on the basis of indication, end users, and geography.

Based on indications, the global echogenic catheters market is segmented as:

Embryo Transfer
Intra-cardiac echocardiography (ICE)
Ultrasound-Guided Continuous Peripheral Nerve Blocks
Cardiovascular Diagnostic Applications (arrhythmia, atherosclerosis & functional heart diseases)
Others

Based on end user, the global echogenic catheters market is segmented as:

Hospitals
Ambulatory Surgical Centers
Cardiac Catheterization Labs
Specialty OB Clinics and Fertility Centers

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Sustainable Aviation Fuel Market is Expected to Reach US$ 15 Billion, with a CAGR of 60% From 2022 to 2032

The sustainable aviation fuel market was worth US$ 220 Mn in 2021 and is expected to reach US$ 15 Bn by 2030, with a CAGR of 60% from 2022 to 2032.

The COVID-19 virus has spread across the globe without regard for national boundaries. As a result, it has had a severe economic and financial impact on all industries, sectors, and facets of life, as well as tremendous uncertainty.

Governments all over the world are canceling visas for foreign residents and closing down damaged areas, which is one of the principal factors for the aviation industry’s downturn.

The aviation industry is dedicated to lowering carbon emissions to create a more sustainable environment and comply with stringent emission laws. As a result, sustainable alternative fuels are being adopted by various participants in sustainable aviation fuel companies, such as improving aero-engine efficiency through design changes, hybrid-electric and all-electric aircraft, renewable jet fuels, sustainable aircraft fuel, and so on.

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Most military aircraft and commercial airlines use sustainable aviation fuel to enhance fuel efficiency and decrease operational costs.

The sustainable aviation fuel market has grown significantly over the years, owing to the growing trend of advanced fuels being employed in aircraft all over the world.

The sustainable aviation fuel market trends such as an increase in the number of airline passengers combined with an increase in disposable income, an increase in air travel, and an increase in synthetic lubricant use all contribute to the worldwide sustainable aviation fuel market growth. However, oscillations in crude oil prices and lubricant contamination are anticipated to hamper sustainable aviation fuel market growth during the forecast period.

Furthermore, the developments of environmentally friendly and safe renewable jet fuel and the rise in demand for low-density lubricants to reduce weight are likely to provide various chances for market expansion throughout the forecast period.

In terms of revenue, North America leads the market, followed by Europe, Asia-Pacific, and LAMEA. In 2020, the United States will dominate the sustainable aviation fuel market. Due to an increase in demand for sustainable aviation fuel across the country, Mexico is predicted to grow at a high rate during the forecast period.

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Sustainable aviation fuel offers airlines a chance to invest in the future. The predicted growth in demand for sustainable aviation fuel is unlikely to be reached unless airline operators boost their renewable aviation fuel obligations with bio-refineries, resulting in fuel cost and availability benefits.

With the predicted rise in the adoption of sustainable aviation fuel on a global scale, airport infrastructure investments are anticipated to grow.

Key Segments

By Platform:

Commercial Aviation
Military Aviation
Business & General Aviation
Unmanned Aerial Vehicle

By Biofuel Blending Capacity:

Below 30%
30% to 50%
Above 50%

By Type:

Total Stations
Global Navigation Satellite Systems (GNSS)
Laser Scanners
Sensors
Others

By Biofuel Manufacturing Technology:

Hydroprocessed Fatty Acid Esters and Fatty Acids – Synthetic Paraffinic Kerosene (HEFA-
Fischer Tropsch Synthetic Paraffinic Kerosene (FT-SPK)
Synthetic Iso-paraffin from Fermented Hydroprocessed Sugar (HFS-SIP)
Alcohol to Jet SPK (ATJ-SPK)
Catalytic Hydrothermolysis Jet (CHJ)

By Fuel Type:

Biofuel
Hydrogen Fuel
Power to Liquid Fuel
Gas-to-Liquid

By Region:

North America
Latin America
Asia Pacific
Japan
Western Europe
Eastern Europe
Middle East & Africa

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Subsea Multiphase Flowmeter Market with Potential Impact, Despite COVID-19 Pandemic, Finds FMI

Substantial increase in the focus on developing integrated flow metering solutions with automation and digitalization technologies, suitable for various applications are expected to drive the global subsea multiphase flowmeter market. As per Future Market Insights (FMI), the global subsea multiphase flowmeter market is projected to be valued at ~US$ 616.6 Mn in 2021.

The ongoing COVID-19 crisis has caused severe impact on the global economy. It has resulted in partial to complete shutdown of the supply chain networks and manufacturing activities across certain regions. Subsequently affected the subsea multiphase flowmeter market, adversely affecting growth. However, subsea multiphase flowmeter market is expected to recover sharply as the economic activity resumes post the containment of pandemic.

The production measurement segment is gaining prominence owing to its functionality of measuring the inflow and outflow of oil & gas such. Moreover, in the near future, it is expected that the scope of production measurement can be extended to enhancing inflow profiling in deepwater reserves, which will further augment demand for subsea multiphase flowmeter.

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Key Takeaways of Subsea Multiphase Flowmeter Market Study

Subsea flowmeter market is expected to register 8.5% CAGR between 2021 and 2031
The U.S. is expected to have highest market share the global subsea multiphase flowmeter market. Within North America, it is expected to account for over 66% of sales
The U.K. will emerge as a key market within Europe, exhibiting 5.6% y-o-y growth in 2021
Expansion of oil and gas production will continue supporting growth in Germany and France
China will continue driving sales in East Asia, backed by rising demand for energy

“Key industry participants are investing in strategic alliances, partnerships and product innovations to gain a competitive advantage in the evolving global market. These partnerships allow companies to improve their production capacity and strengthen their technical expertise.” says Future Market Insights analyst.

The subsea multiphase flowmeter market is gradually growing at a strong trend in due to increasing integration of technologies with automation and digitalization in subsea multiphase flowmeters for challenging flow metering solutions for regular production monitoring and measurement. Rise in oil and gas investments and increase in oil and gas projects provide extensive opportunities for the subsea multiphase flowmeter market.

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Competitive Landscape

The subsea multiphase flowmeter market witness moderate consolidation, in which the leading players account for more than 70% of the market share. The penetration of small regional players makes this market more competitive. Some of the key players in the market are Weatherford, Baker Hughes, AMETEK Inc., Schlumberger Limited, ABB Ltd, TechnipFMC PLC, Emerson, KROHNE Japan KK, Peitro Fiorentini S.p.a., Haimo Technologies Group Corp., and Tokico System Solutions Ltd among others. These players have higher shares in the global market, and have longstanding relationships with a number of end users, giving them an upper hand among their peers.

Find More Valuable Insights

The research report analyzes the market demand trends of subsea multiphase flowmeter. The global market estimation and growth projection is based on factors like end use industries development, COVID-19 crisis impact, replacement ratio, and adoption rate of subsea multiphase flowmeter. As per Future Market Insights research scope, the subsea multiphase flowmeter market has been studied and segmented on the basis of pipe size, application, construction material and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, supply side and demand side.

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Subsea Multiphase Flowmeter Market by Category

By Pipe Size

2″ Subsea Multiphase Flowmeter
3″ Subsea Multiphase Flowmeter
4″ Subsea Multiphase Flowmeter
6″ Subsea Multiphase Flowmeter
8″ Subsea Multiphase Flowmeter
10″ Subsea Multiphase Flowmeter

By Application

Subsea Well Testing
Production Monitoring
Production Measurement
Others

By Construction Material

Stainless Steel Subsea Multiphase Flowmeter
Duplex Steel Subsea Multiphase Flowmeter
Corrosion Resistant Alloys Subsea Multiphase Flowmeter
Titanium Subsea Multiphase Flowmeter
Others

Region

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

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Solar Charge Controller Market is Predicted to Advance at a CAGR of 8% From 2022 to 2032

The global solar charge controller market titled ‘Solar Charge Controller Market: Global Industry Analysis 2013–2017 and Forecast, 2018–2028’. According to FMI, the solar charge controller market was valued at US$ 1.4 billion at the end of 2017 and is anticipated to grow at an impressive CAGR to reach US$ 3.4 billion by end of the forecast period.

Global Solar Charge Controller market size in 2017 was nearly US$ 1.4 billion
The Solar Charge Controller market will observe just-above 8% CAGR over 2018-2028

FMI finds that in 2018, East Asia and Europe were attractive regions in the solar charge controller market, accounting for more than 49% of the global market share. The demand for solar charge controllers is witnessing a linear trend with rising demand for offgrid solar panel systems from economies, such as China, India, USA, Brazil and some of the ASEAN and African countries.

Developing economies, such as China, India, Malaysia and Brazil, are anticipated to positively influence the sales of solar charge controllers. Government initiatives related to subsidiaries for solar panel systems led by China, India and some of the Latin American countries are expected to further intensify the deployment of solar panel systems and solar charge controllers.

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Increasing orders related to off-grid solar panel systems and solar charge controllers for deployment in remote and residential applications are expected to positively impact the growth of the global solar charge controller market during the forecast period.

Developments in solar charge controllers, such as auto night detection, LCD display, overcharging protection and growth in communication solutions integrated with solar charge controllers, are driving the growth of the global solar charge controller market. The growth of solar charge controllers market is being positively impacted by the deployment of offgrid solar panel systems.

30A to 50A Solar Charge Controllers to Hold One Third Share in Market Growth

Based on current charging capacity, solar charge controllers with 30A to 50A is anticipated to remain the primary sub-segment in terms of market share, covering nearly 33% by the end of 2028. Growth in demand for lead acid battery for storage applications in developing economies is anticipated to impact the sales of solar charge controllers.

Further, the rise of new entrants in the global solar charge controller market will initiate new production bases in developing economies for solar charge controllers.

Based on technology, the MPPT based solar charge controllers will register high growth rate and are anticipated to be a prominent segment in the global solar charge controller market. PWM based solar charge controllers are expected to account for an estimated value of US$ 1,980.5 Mn by the end of 2028.

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Key Segment

By Current Charging Capacity

up to 8A
8A to 20A
20A to 30A
30A to 60A
60A to 80A
100A to 250A
Above 250A

By Battery Type

Lead acid Battery
Lithium Ion Battery

By Technology

Pulse Width Modulation (PWM)
Maximum Power Point Tracking (MPPT)

By Region

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

Solar Charge Controller Market will Remain Highly Fragmented

The global solar charge controller market is highly fragmented and the tier-1 players contribute to nearly 1/3^rd of the market share. The competition among the global and regional players is becoming intensified due to rise of new players in developing economies.

Leading manufacturers of solar charge controllers are widespread, with both regional and global players offering solar charge controllers in their targeted marketplaces.

Manufacturers are concentrating on acquiring new orders for the installation of solar charge controllers. Further, the adoption of MPPT based solar charge controllers will be a driving factor for the growth of the global solar charge controller market.

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Digital Oilfield Solutions Market is Expected to Reach a Valuation of US$ 37.2 Billion in 2022

Future Market Insights has its analysts involved in a report’s comprehensive study, which is on digital oilfield solutions market. With the help of this comprehensive study, analysts revealed that digital oilfield solutions market is anticipated to grow at a CAGR of 6.3% over the assessment period, 2018-2028. In addition, digital oilfield solutions market on a global basis is projected to touch an estimate of approximately US$ 54,415Mn by the end of 2028.

Rapidly increasing need for accessing data in real-time, sound shelf life, convenient operation and installation, as well as zero tolerance band with regards to parameters observation to be monitored has been positively impacting the growth of digital oilfield solutions market across the globe. Apart from this, wide-ranging operations in oil & gas industry have been stimulating the production sales of digital oilfield solutions since the recent past.

Analysts further revealed that launch of effective and innovative digital oilfield solutions can be taken up as a remarkable trend, impacting positively on the growth of digital oilfield solutions market in the coming years. Moreover, analysts have assured that they have been catering to the prevailing as well as growing concerns of industry operators and market observers in the digital oilfield solutions market across the globe.

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What are the recent measures taken up by manufacturers for expansion of digital oilfield solutions market?

Well, so far, manufacturers are entering into strategic collaborations with the technology providers for the purpose of business and customer-base expansion.

Can you mention what is trending in the digital oilfield solutions market?

Well, so far, analysis helped in concluding that there is significant increase in adoption of the LTE, with regards to technological advancements, positively impacting the growth of offshore oil & gas industries. Increasing partnerships amongst the leading companies across oil and gas industry for the purpose of digitally transforming the industry has been supporting the expansion of digital oilfield solutions market.

What are the important factors driving the growth of digital oilfield solutions market?

Well, so far, analysis helped in concluding that rapidly increase requirement for finding out any theft or counterfeiting during downstream and midstream operations is one of the major factor driving the growth of digital oilfield solutions market across the globe. Apart from this, increasing need for eliminating oil spills as well as losses while monitoring inventory levels, internal transfer of the intermediates and explorations is driving the demand and supply of digital oilfield solutions across the globe.

Which countries are the most beneficial for the expansion of digital oilfield solutions market?

The comprehensive study points out that Western Europe is likely to dominate the digital oilfield solutions market on a global basis over the assessment period. Apart from that, North America is expected to create significant growth opportunities for the digital oilfield solutions market in the coming years.

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Which companies are leading in the digital oilfield solutions market?

The comprehensive study points towards Eaton, SIEMENS AG, Emerson Electric Co., Honeywell International, Inc., General Electric, ABB, Schneider Electric and Rockwell Automation, Inc. as the companies leading in the digital oilfield solutions market on a global basis.

Digital Oilfield Solutions Market by Category

Component:

Hardware
Software
Services

Domain:

Automation solutions
Instrumentation

End Use:

Upstream
Midstream
Downstream

Region:

North America
Latin America
Eastern Europe
Western Europe
South East Asia (SEA) & Pacific
China
Japan
Middle East & Africa (MEA)

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