Cardiac Assist Devices Market is poised to expand at 5.29% CAGR, reaching US$ 2,062.7 Bn by 2031, opines FMI

Future Market Insight’s (FMI’s) latest study published on the Cardiac Assist Devices market provide insights into key factors uplifting the sales over the next ten years. It provides unbiased analysis on key trends, drivers, and opportunities across key segments, the report also provides strategic analysis on the incumbents, existing players, and leading players operating in the Cardiac Assist Devices market.As per comprehensive research conducted by ESOMAR-certified consulting firm FMI, the global Cardiac Assist Devices market is projected to witness robust growth during the forecast year 2021-2031. The report emphasizes on providing key insights into diverse features including demand, product developments, revenue generation, and sales in the Cardiac Assist Devices market.

Future Market Insights (FMI), a Leading Market Research and Competitive Intelligence Provider Offers Exhaustive Analysis on Key Factors Burgeoning the Sales in the Global Cardiac Assist Devices Market over the Assessment Period (2021-2031)

The study offers a detailed analysis of dynamics including driver, restraints, opportunities, and challenges, and also highlights their consequent impact on the market.

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Advent of Telehealth and Virtual Care to Create Tailwind for the Cardiac Assist Devices Market Growth

Digitization is making deeper inroads across diverse industries, such as healthcare, owing to the increasing penetration of the internet and smartphones across the world.

During the COVID-19 outbreak, healthcare practitioners and patients realized the importance of digitization and encouraged them to adopt virtual methods of patient examination and consultation to counter the regulations concerning social distancing. This gave rise to a new medical domain, Telehealth.

Since the outbreak, telehealth have gained immense popularity, especially among the geriatric population, owing to the convenience associated with it. Hence, increasing adoption of telehealth across radiology, behavioral health, cardiology, and online consultation is expected to create lucrative opportunities for growth in the Cardiac Assist Devices market.

Key Cardiac Assist Devices Market Takeaways and Projections

The U.S. is estimated to continue dominating the North America market, projecting fastest growth in the region through 2031.
Germany Cardiac Assist Devices market is forecast to register robust growth in Europe, accounting for a significant share in the region between 2021 and 2031.
China is expected to account for the maximum revenue share in the East Asia market, exhibiting the fastest sales growth during the assessment period.
India is forecast to emerge as a highly remunerative market in South Asia, contributing for the largest sales in the region over the coming 10-years.

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Report Benefits & Key Questions Answered

Cardiac Assist Devices Historical Market Outlook: Future Market Insight’s analysis examines vital dynamics, such as drivers, opportunities, and challenges in the Cardiac Assist Devices market. It also studies the impact of these dynamics on the market for the previous assessment period 2016-2020 to forecast the scope of market growth over the coming forecast period 2021-2031.
Cardiac Assist Devices Demand-Supply Assessment: The latest study published by FMI offers in-depth insights into governing factors facilitating the demand outlook of the Cardiac Assist Devices market. As per the survey, Cardiac Assist Devices sales will project steady growth over the forecast period.

Cardiac Assist Devices Market Structure Analysis: The report provides detailed information about market the concentration of key players and tier analysis in the Cardiac Assist Devices market. It also categories market players as per Tier 1, Tier 2, and Tier 3 in terms of their percentage share and product portfolio.
Cardiac Assist Devices Category & Segment Level Analysis: FMI’s category & segment level analysis provides insights into key factors affecting the market growth across various segments in terms of (segment 1), (segment 2), and (segment 3). It also uncovers critical opportunities across each segment to assist key players to capitalize on the,
Cardiac Assist Devices Market Trend Analysis: FMI’s market trend analysis provide compelling insights into current and upcoming trends in the healthcare industries. It also assists the industry players to identify potential trends to formulate a strategy to take advantage of these existing trends.

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Competitive Landscape Analysis

The latest study conducted by FMI provides in-depth insights into the global Cardiac Assist Devices market to assist management level decision-makers in constructing a strategy to capitalize on the critical trends & opportunities. It also discloses competitive trends and profiles a list of leading players operating in the global Cardiac Assist Devices market.

Some of the prominent market players are profiled by FMI

  • Terumo Corporation
  • Medtronic PLC
  • Abbott Laboratories
  • Abiomed Inc.
  • Teleflex Incorporated
  • Maquet GmbH
  • BerlinHeart GmbH
  • Others

Cardiac Assist Devices Demand Analysis by Category
By Product Type:

  • Ventricular Assist Devices (VAD)
  • Left Ventricular Assist Device (LVAD)
  • Right Ventricular Assist Device (RVAD)
  • Biventricular Assist Device (BIVAD)
  • External Ventricular Assist Devices
  • Intra-Aortic Balloon Pump

By Modality Type:

  • Transcutaneous
  • Implantable

By End-User:

  • Hospital
  • Ambulatory Surgical Centers

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 9-years.

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Prefilled Syringes Drug Molecules Market to close in on a valuation of US$ 77.7 Billion by 2028

[306 Pages Report] Prefilled syringes drug molecules are prefilled with medication by the manufactures and are supplied to end users in the ready-to-use form. The overall global investment in healthcare has increased in the last few years. Healthcare field solutions continue to be sought after to increase the quality of life, which provides significant opportunities for pharmaceutical companies. This has also contributed to the growth of various segments of the healthcare industry such as the prefilled syringes drug molecules market.

A new research report by Future Market Insights titled ‘Prefilled Syringes Drug Molecules Market: Global Industry Analysis 2012–2021 and Opportunity Assessment 2022- 2028’ briefs the scenario of the global prefilled syringes drug molecules market. According to the market analysis, the global prefilled syringes drug molecules market is expected to reach a market valuation of over US$ 70 Bn by the end of 2027, growing at a CAGR of 5.7% during the forecast period.

Global Prefilled Syringes Drug Molecules Market: Drivers and Opportunities
The report indicates that revenue growth of the market is mainly driven by the effectiveness, convenience and ease of use of prefilled syringes. This has attracted various healthcare professionals and patients to use prefilled syringes. In addition, the minimal contamination of drug molecules and self-administration of drugs at home settings have increased the demand for prefilled syringes drug molecules. Manufacturers are focussing on introducing updated technologies and advanced products in order to attract customers. Pharmaceutical companies are introducing generic versions for cost-effective auto-injector devices and are targeting emerging regions such as the Asia Pacific, Middle East and others in order to sustain and grow in the global prefilled syringes drug molecules market.
Global Prefilled Syringes Drug Molecules Market: Segmental Analysis

  • On the basis of region, North America is expected to lead the market with a huge margin. The North America prefilled syringes drug molecules market is expected to reach a market valuation of over US$ 23,000 Mn by the end of 2028, growing at a CAGR of 6.2% during the forecast period.
  • On the basis of drug class, vaccines and insulin are anticipated to show quite similar forecast with a high revenue share and CAGR
  • On the basis of application, immunisation dominates the global prefilled syringes drug molecules market with its projected revenue share. However, diabetes leads in terms of growth rate with 6.6% CAGR during the forecast period.
  • In terms of end users, hospital pharmacies are expected to lead the global market with a market revenue of over US$ 32,000 Mn by 2028. However, online pharmacies are projected to register a higher growth rate of 6.2% during the forecast period.

prefilled syringes drug molecules market

Global Prefilled Syringes Drug Molecules Market: Competitive Landscape

This comprehensive research report consists of a brief profile of all the major players in the industry. Some of the top companies featured in the report are Amgen Inc., Teva Pharmaceutical Industries Ltd., AstraZeneca plc, Mylan N.V., Pfizer, Inc., Fresenius Kabi AG, Johnson & Johnson, Sanofi, Merck & Co. Inc., Novartis AG etc. The global prefilled syringes drug molecules market is highly competitive due to the presence of well-established top players. However, brands such as EpiPen auto Injector and BD Physioject disposable auto injector have strategically maintained their position in the market owing to a distinctive value proposition such as providing more precision and accurate dosage.

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Key Segments of Prefilled Syringes Drug Molecules Industry Research By Drug Class :

  • Vaccines
  • Insulin
  • Adrenaline
  • Opioids
  • Others

By Application :

  • Prefilled Syringes Drug Molecules for Cardiovascular Diseases
  • Prefilled Syringes Drug Molecules for Diabetes
  • Prefilled Syringes Drug Molecules for Immunization
  • Prefilled Syringes Drug Molecules for Pain Management
  • Others

By End User :

  • Prefilled Syringes Drug Molecules Sold at Hospital Pharmacies
  • Prefilled Syringes Drug Molecules Sold at Retail Pharmacies
  • Prefilled Syringes Drug Molecules Sold through Online Pharmacies
  • Prefilled Syringes Drug Molecules Sold at Drug Stores

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 8-years.

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Tinnitus Management Market is expected to reach US$ 3.2 Billion by 2031

[301 Pages Report] According to a recent study by Future Market Insights (FMI), the global tinnitus management market is expected to register sustainable growth during the forecast period. The market size is likely to grow from US$ 2.5 Bn in 2021 to over US$ 3.2 Bn by 2031 at a CAGR of around 2.8% over the forecast period (2021-2031).

Rising prevalence of tinnitus, technological advancements in tinnitus management devices, and rise in research and development activities undertaken by key manufacturers are some of the factors driving the tinnitus management market.

Tinnitus is the medical terminology for a buzzing or ringing noise in the ears. Most people refer to tinnitus as “ringing in the ears.” Tinnitus can either be subjective or objective. Objective tinnitus is uncommon. Subjective tinnitus is very common, accounting for maximum sales of tinnitus management devices and drugs worldwide.

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Tinnitus is the third most common health concern among the people throughout the globe. About 10%–15% of adults have prolonged tinnitus requiring medical evaluation worldwide. This increasing prevalence of tinnitus will propel the growth of tinnitus management market over the forecast period.

Manufacturers are increasingly focusing on quality, technological, and aesthetic features when developing devices such as invisible devices, cloud integration, Ai integration, and drugs with lowest possible side-effects. This is expected to have a positive impact on the global market.

Key Takeaways from Tinnitus Management Study

  • By product, devices hold the maximum share of 93.8% in 2021, expanding at 2.9% CAGR during the forecast period.
  • By indication, subjective tinnitus will account for 95.6% of the market share in 2021 exhibiting the highest demand.
  • By distribution channel, audiology centers & ENT clinics together account for more than 60% of the market share in 2021.
  • By region, North America held the largest share of 52.7% of the global tinnitus management market in 2021.

“Technological improvements in tinnitus management devices will remain a priority for the market players. Apart from focus on innovations, market players are expected to aim at strategic collaborations to gain expertise and expand their product portfolio,” says the FMI Analyst.

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Who is Winning?

The key market players covered by FMI include Signia, Starkey Hearing Technologies, Inc., GN Hearing A/S, Widex A/S, Oticon Inc., Neuromod Devices Ltd., Neuromonics Inc., Puretone, Inc., Pfizer Inc., Sanofi and GlaxoSmithKline.

Some of the leading manufacturers of tinnitus management market are focusing on product launch, collaboration, and partnership strategies for global expansion objectives, thereby, enhancing their market presence.

  • In October 2020, Starkey and OrCam partner to provide groundbreaking assistive technology to hearing and visually impaired people.
  • In March 2019, Sivantos Pte. Ltd., and Widex A/S, announced the successful completion of the business combination between Sivantos and Widex. The newly created company will operate under the name WS Audiology and be headquartered in Lynge, Denmark and Singapore.

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Tinnitus Management Market by Category

By Product:

  • Devices
    • Sound Masking Devices
    • Notched Music Devices
    • Hearing Aids
  • Drugs
    • Tricyclic Antidepressants
    • Antianxiety
    • Anticonvulsants

By Indication:

  • Subjective Tinnitus
  • Objective Tinnitus

By Distribution Channel:

  • Audiology Centers
  • ENT Clinics
  • Hospitals
  • E-Commerce

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 8-years.

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Powered Lawn Mowers Market Is Projected To Amass A Revenue Of Around US$ 2,155.0 Million By 2032

The global powered lawn mowers market is projected to amass a revenue of around US$ 2,155.0 million by 2032, up from US$ 1,366.0 million in 2022 moving forward with a CAGR of 4.7% during the forecast period.

To avoid a scruffy appearance of the lawns, it is necessary to upgrade the dusty old mower, which can be accomplished through various technological advancements. As a result, demand for powered lawn mowers is increasing. These advancements in cordless technology mowers were driven by the need for more storage space by traditional gas-powered lawn mowers, which also emit higher levels of emissions and noise than electric lawn mowers.

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Furthermore, rising sales of powered lawn mowers can be attributed to the freedom to select the most appropriate lawn mowers for the size of the gardens. Furthermore, small gardens have a high demand for powered lawn mowers, which can be either electric corded or hand-pushed, whereas medium-sized gardens should consider petrol-powered cordless or battery-operated mowers.

Market participants who introduce new technologies to lawn mowers with additional features such as larger blade size and variable speed technologies shape powered lawn mowers market trends. In order to develop cordless mowers and meet the growing demand for mobility, market participants are focusing on battery technologies such as improved performance and lower prices for rechargeable battery packs.

Another significant step taken by governments in various countries to provide subsidiaries for powered lawn mower installation is expected to boost powered lawn mower sales over the next decade. Battery indicators, which tell the operator how much power is left in the machine, and even-cutting of any type of grass are expected to drive the powered lawn mowers market.

Electric powered lawn mowers with low-noise blades, rising fuel prices, an increase in battery-powered lawn mowers, and various environmental concerns are all driving up demand for powered lawn mowers. Furthermore, sales of powered lawn mowers are increasing because electric lawn mowers require less storage space in the garage, have lower maintenance costs, and have no-pull cord start.

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Furthermore, a powerful engine, lightweight construction, and a large grass collector are some of the features that are expected to drive the powered lawn mowers market over the next decade. Green roofs are increasingly being used to cool cities, increase biodiversity, absorb air pollution, and insulate buildings in developed countries such as the United States, the United Kingdom, and Germany.

Competitive Landscape: 

American Lawn Mower Company, Unison Engg Industries (A Unison Group of Companies), Rank Engineering, Husqvarna AB (publ), D&D Motor Systems, Inc., Hayter Limited., MEAN GREEN PRODUCTS, CHP, Inc., GGP UK Ltd., Hayter are a few of the notable powered lawn mowers market players.

A couple of recent developments in the powered lawn mowers market are as follows:

  • In the European market, Husqvarna CEORA debuted its brand-new CEORA robotic lawnmower.
  • To accelerate the production of electric lawnmowers, Hitachi completed the merger of Power India, its joint venture power business unit with ABB Power Grids.

Key Segments Profiled in the Powered Lawn Mowers Market Survey

BY MATERIAL TYPE:
  • Steel
  • Polymer
  • Polypropylene
BY SOURCE OF POWER:
  • Gas-Powered
  • Electric-Powered
  • Battery-Powered
BY CUTTING SYSTEMS:
  • Reel Mowers
  • Rotary lawn mowers
BY REGION:
  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific
  • Japan
  • The Middle East and Africa

North America is Leading The Steel Pipe Market With a CAGR of 28.3%-FMI

With a 28.3% share of the steel pipe market, North America has a significant impact. The pipeline network is expanding, energy and infrastructure projects are increasing, steel pipes are in greater demand in the vehicle industry, power plant capacity is increasing, and the oil and gas industry is booming, all of which are driving the steel pipe market.

In 2022, it is predicted that the global steel pipe market will most likely reach a value of US$ 90,122 Million. By 2032, the market for steel pipes is anticipated to grow at an average CAGR of 5.4% and reach US$1,51,905 Million.

An increase in oil and gas production to meet the demands of the transportation industry is one of the most significant factors propelling the growth of the steel pipe market. The oil and gas sector is where steel pipes and tubes are most commonly used. Steel pipes are used in this industry to transport gas and liquid. In their manufacture, low alloy and carbon steel are frequently used. As a result, manufacturers take into account the cost of raw materials and work with specialised suppliers to provide cost advantages to their target market.

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Global Steel Pipe MarketRegion-wise outlook

The Asia Pacific is estimated to have a major share in the global steel pipe market. China has many manufacturers in the steel pipe industry, which makes it a dominating player in the Asia Pacific market. The countries in North America, such as the U.S. and Canada with developed steel manufacturing industries, represent as prominent regional markets.

Moreover, the U.S. has produced a wide range of products related to carbon and stainless steel. The U.S. president Mr Donald Trump also signed a memo for new steel pipelines with the use of U.S.-manufactured raw steel. Based on these factors, the U.S. is estimated to have a hefty market share in the steel pipe market globally. The replacement of ageing pipelines in Europe is expected to gain high market growth over the coming years. Latin America has sluggish growth in the global steel pipe industry market. The Middle East and Africa are estimated to show sustainable growth due to rising oil and gas industries.

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • The Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Key segments

BY MATERIAL TYPE:
  • Carbon Steel
  • Alloy Steel
  • Stainless Steel
  • Tool Steel
BY APPLICATION:
  • Automotive industry
  • Construction and mining
  • Textile Machinery
  • Chemicals
  • Pharmaceuticals
  • Energy industries
  • Refinery Petrochemicals
  • Oil and Gas Processing
  • Water treatment facilities
BY REGION:
  • North America
  • Latin America
  • Asia Pacific
  • MEA
  • Europe

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Global Steel Pipe MarketDrivers

As the oil and gas industry is growing rapidly, the demand for steel pipes is also increasing. Features such as reliability and durability are some of the prominent factors driving the global demand for steel pipes. Steel pipes have a wide range of usability, they are used in the automotive, mining and construction industries, which drives the manufacturing steel pipe industry. The available range of steel pipes becomes one of the reasons surpassing the demand of residential and non-residential sector of steel pipes. The replacement of ageing pipelines also increases the global demand for steel pipes.

Global Steel Pipe MarketRestraints

Substitutes such as iron and plastic pipes, which create diversions for the manufacturer towards other material pipes, are estimated to restrain the market growth. The corrosive behaviour of carbon steel pipes is one of the restraining factors, and the high cost of stainless steel also hinders the growth of the global steel pipe market.

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Metal Recycling Equipment Market – The global metal recycling equipment market size is estimated to total US$ 6.9 Bn in 2022. The sales of metal recycling equipment are expected to exceed US$ 11.5 Bn by the end of 2032,

Diaphragm Pumps Market – The global diaphragm pumps market is anticipated to be valued at US$ 4,870.0 Million in 2022, forecast to grow at a CAGR of 6.2% to be valued at US$ 8,867.0 Million from 2022 to 2032.

Industrial Solar Water Heaters Market –  The global industrial solar water heaters market is likely to accumulate a market value of US$ 791.8 Million in 2022 and is expected to accumulate a market value of US$ 1,138.9 Million by registering a CAGR of 3.7% in the forecast period 2022-2032.

Micro CHP Market – The global micro CHP market is expected to be valued at US$ 1.0 Billion in 2022. Strict governance in reducing extreme climatic conditions, implemented by technology variations in the energy sector, coupled with high efficiency, lower fuel intake and increased power manifestations across applications, will fuel industry growth.

3D Laser Scanner Market – The global 3D Laser Scanner market is expected to be valued at US$ 1,587.2 Million in 2022. Owing to the growing application in several end industries such as automotive, construction & architecture, and, aerospace & defense, the demand for 3D laser scanners is estimated to burgeon over the forecast period.

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

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Thermostatic Radiator Valves Market in Europe Is Expected To Dominate The Market By 2022 With A Share Of 27.0%-FMI

Construction activity in Europe is likely to pick up in 2017 and beyond, particularly in the residential sector, which is expected to raise demand for the heating system market in Europe and, as a result, surging the demand thermostatic radiator valves. With a market share of 27.0% by 2022, it is anticipated that Europe will rule the thermostatic radiator valves market.

With a projected CAGR of 3.8% over the forecast period, the market for thermostatic radiator valves is anticipated to generate revenues of about US$ 404.0 million by 2032, up from US$ 279.0 million in 2022 at global level.

The building prognosis in around 19 major European countries is positive, with the Irish construction market predicted to rise the most through 2017. In 2016, new home completions in Europe increased by about 9% compared to the low point in 2013 and the influx of refugees from the Middle East into nations such as Norway and Germany is boosting Europe’s housing sector expansion, in turn boosting the thermostatic radiator valves market.

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Few unique range of thermostatic radiator valves consist of petite version, decorative model, thermostatic radiator valves bodies, remote sensor heads and kits. Thermostatic radiator valves are considered to be perfect for various projects such as self-build, new build, large commercial projects or the social housing and for applications such as hospitals, schools, hotels and other commercial installations.

Over the past few years, introduction of electronic thermostatic radiator valves allowed to set temperatures with a greater precision than the manually operated thermostatic radiator valves, along with a feature to vary the temperature by time of the day.

Some of the thermostatic radiator valves can also be controlled wirelessly from a personal computer, an infra-red remote control or override button that can extend higher temperature period.

Thermostatic Radiator Valves Market: Dynamics

Drivers:

Certain features such as tamper-proof version, where the thermostatic radiator valves can be used when the temperature needs to be controlled centrally, are expected to fuel the growth of thermostatic radiator valves market during the forecast period.

Furthermore, electronic thermostatic radiator valves are more accurate in evaluating and sensing the temperature than the conventional ones and hence it is expected to drive the growth of thermostatic radiator valves market over the forecast period.

Moreover, high demand for adopting heating systems condensing boilers is expected to bolster the global thermostatic radiator valves market. Minimal maintenance requirement and ability to provide steady heat with good temperature consistency are the other factors, which are expected to drive the thermostatic radiator valves market over the next decade.

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With the introduction of smart thermostatic radiator valves, which autonomously control the temperature inside each room by using highly efficient sensors and artificial intelligence algorithms, the market is expected to witness an exponential growth over the forecast period.

Restraints:

Less accuracy of conventional thermostatic radiator valves in controlling the temperature is expected to be a factor hampering the growth of global thermostatic radiator valves market during the forecast period. The requirement of highly skilled operators to analyse and control the temperature, can also hinder the growth of thermostatic radiator valves market during the forecast period.

Thermostatic Radiator Valves Market: Market Participants

EXAMPLES OF SOME OF THE MARKET PARTICIPANTS IN THE GLOBAL THERMOSTATIC RADIATOR VALVES MARKET ARE:
  • I.V.A.R. S.p.a.
  • Drayton
  • West Radiators
  • Zhejiang Hualong Valvess Co., Ltd.
  • Honeywell International Inc
  • Caleffi S.p.a.
  • GIACOMINI U.K.
  • American Steam Control
  • Ningbo Jiangbei Ysincere Commodity and hardware Manufacturing Co., Ltd.

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

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Digital Pump Market – The digital pump market is anticipated to have a prodigious CAGR of 6.1% during the period of 2022-2032. The digital pump market is anticipated to reach US$ 20.5 Billion in 2032, up from US$ 11.3 Billion in 2022.

Solar Inverter Market – The global solar inverter market is forecast to grow year-on-year by 5.0% in 2022, reaching a valuation of about US$ 11 Bn in 2022. Increasing adoption of renewable energy sources for residential and commercial spaces is expected to fuel solar inverter sales at a 6% CAGR over the forecast period.

Traction Motors Market – Global sales of traction motors reached around 11.7 Billion in 2022. The overall demand is projected to increase at a CAGR of 13.0% between 2022 and 2032,

Warehouse Robotics Market – Demand in the global warehouse robotics market is projected to surpass US$ 5 Bn in 2022, growing at an impressive 13% CAGR over the forecast period. Growing trend of industrialization and the introduction of industry 4.0 is expected to drive the market.

Chilled Water Storage System Market – The global chilled water storage system market is anticipated to be valued at US$ 155.0 Million in 2022, forecast to grow at a CAGR of 6.9% to be valued at US$ 302.2 Million from 2022 to 2032.

About Future Market Insights (FMI)

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

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Sales Of Smart Pumps Are Expected To Gain Traction At A 7.9% CAGR Over The Forecast Period 2022-2032

Global sales of smart pumps are set to be valued at over US$ 947.6 Mn in 2022, with a stable long-term projection, according to latest insights by Future Market Insights (FMI). A new report estimates the market to expand at a 7.9% CAGR over the forecast period of 2022 to 2032.

According to Future Market Insights, the market for intelligent pumps is primarily driven by strict energy-efficiency regulations in developed countries, high adoption of Industrial Internet of Things (IIoT), and the financial advantages of intelligent systems. Besides this, rising focus on smart water and wastewater systems, and increasing power generation capacities worldwide, are estimated to create opportunities in the smart pump market.

Manufacturers are focusing on increasing their sales in overseas markets, including developing markets, owing to factors such as the growing construction sector, strict energy-efficiency regulations in developed countries and rising awareness of water and waste treatment activities.

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Key players operating in the market are focused in launching innovative products through merger & acquisition activities which is proven as key win-win strategy amongst the manufacturers which is anticipated to contribute towards market growth in the years to come.

“Increasing application of smart pump in wastewater treatment plants, along with high demand for centrifugal smart pumps in smart cities will create opportunities for growth in the market over the assessment period,” says an FMI analyst.

Key Takeaways:

  • On the basis of pump type, sales of centrifugal pumps will hold 60% of the total market share over the forecast period.
  • Based on end use, building automation and water & waste water segments will collectively account for a dominant share in the market in 2022.
  • Total sales in Germany will hold nearly 20% of the Europe market share in 2022.
  • China will account for 66% of the East Asia smart pump market share over the forecast period.
  • Demand for smart pumps in India will increase at a 9% CAGR over the assessment period.

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Competitive Landscape

The smart pump market is consolidated with key players accounting 70-75% of the global market share. These players are investing in new technology developments and expansion of their product portfolio in order to cater the increasing demand of smart pumps from various end use industries.

According to FMI Analysis, the top players in the market are Grundfos Holding A/S, ITT Corporation, XYLEM, Flowserve Corporation, Sulzer Ltd., and KSB Ltd are among others

Find More Valuable Insights

The research report analyzes demand for Smart Pump. The global Smart Pump market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends and market background. As per Future Market Insights, the market has been analyzed on the basis of pump type, capacity, end user, 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 factors.

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Smart Pump Market Segmentation by Category

Pump Type:

  • Centrifugal
  • Positive Displacement

Capacity:

  • UPTO 30
  • 30-90
  • 90-180
  • 180-360
  • Above 360

End-User:

  • Building Automation
  • Water & Waste Water
  • Oil & Gas
  • Chemicals
  • Power
  • Others

Region:

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

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About Future Market Insights – Industrial Automation

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

About Us:

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

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Digital Instrument Clusters Market to Exhibit Growth at a Robust CAGR Over the Forecast Period 2022-2032

Electromechanical pointer instruments are rapidly being replaced by instrument clusters with digital displays. Furthermore, in the future generation of automobiles, digital instrument clusters are expected to replace analog instrument clusters. The world’s instrument clusters are divided into three categories: digital, analog, and hybrid. The analog cluster is a traditional instrument panel with a physical dial and a speedometer needle. On the LCD, VFD, or TFT-LCD screen, a digital instrument cluster displays all of these traditional instruments.

Such digital instrument clusters can be programmed to display the appropriate selection of virtual instruments according to the driver’s preferences. A hybrid cluster is a combination of analog and digital clusters. Furthermore, they can enhance the appeal of a vehicle with eye-catching graphics. Therefore, most of luxury brands are seeking to differentiate their vehicles through the inclusion of digital instrument clusters. It is expected that over seven million cars will have fully digital instrument clusters by 2018. Digital instrument clusters that offer personalization are a key selling point.

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Digital Instrument Clusters: Drivers & Restraints

The key factor driving the digital instrument clusters market is a substantial rise in automobile output and its personalization. A digital instrument cluster that is reconfigurable is very appealing. Features such as distance until next charge, information on a battery charge, and other driver information, can easily be displayed using a digital instrument cluster. These features are driving the market for global digital instrument clusters. Another factor driving the market for global digital instruments is consumer trends.

Tablet, PC, and smartphone ownership is increasing and there are opportunities to integrate these devices to drive global digital configurable instrument clusters. Furthermore, the economic and environmental constraints upon the engine designs are driving the introduction of digital instrument clusters since the interior gains more attention from OEMs as a way to differentiate. Another feature that is driving the global digital instrument clusters market includes advanced technological features such as reusability, dynamic, scalable, simple, and attractiveness.

Digital instrument clusters needs a larger LCD display- often 1280 x 480 pixels, thus leading to higher cost. Also, an 8 or 16-bit CPU cannot transfer that many pixels, hence the digital cluster needs a 32-bit CPU. In addition, the level of software capability needed extends beyond the traditional entrenched skill set. These factors act as restraints for the digital instrument clusters up to a certain extent.

The demand for digital instrument clusters in automobiles is anticipated to grow at an accelerated pace mainly due to significant growth in the automobile industry globally. Furthermore, the smartphone segment is also expected to grow at a high CAGR during the forecast period.

Digital Instrument Clusters: Region-wise Outlook

On the basis of region North America, the Asia Pacific and Japan are expected to be the dominant players as a result of growing economies in these regions. The Indian electronics system design and manufacturing (ESDM) industry is one of the fastest-growing industries in the country, which is further boosting the demand for digital instrument clusters in the region. The global digital instrument cluster market is anticipated to grow at a steady rate in other regions of the world as a result of a slowing global economy in these regions.

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Digital Instrument Clusters: Key Players

Some of the market participants in the global digital instrument clusters market are Nippon Seiki Co., Ltd., Ford Motor Company, Audi AG, Renault, Volkswagen, Kia Motors Corp., BMW AG, Jaguar Land Rover Limited, NVIDIA Corporation and Tesla Motors.

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

The report covers exhaustive analysis on:

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

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Key Segments Profiled in the Digital Instrument Cluster Market Survey

By Display Type:

  • LCD
  • TFT-LCD
  • OLED

By Display Size:

  • 5-8 inch
  • 9-11 inch
  • >12 inch

By Application:

  • Smartphones
  • Tablet PC/Desktop/Notebook
  • Automobile
  • Others

By Region:

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

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:

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According To FMI, The Market For Image-Based Barcode Readers Is Anticipated To Expand At A 7% CAGR Through 2030

Moreover, adoption of Industry 4.0 has influenced manufacturing firms to increasingly turn to asset tracking and monitoring technologies to efficiently track and monitor asset locations and their status. Image based barcode readers are the core devices for such activities.

With the high penetration of extremely sophisticated smart phones, QR codes and bar codes are being used as the next step for app based retail solutions. Presently, businesses are voraciously absorbing the might of image based barcodes as it serves as a lead magnet through aggressive marketing campaigns.

  • The image based barcode reader market is expected to grow at a CAGR of 7% through 2030
  • Capturing ~28% of the value share, North America remained market kingpin in 2019
  • Despite a pandemic induced slowdown, 80% drop in volume share in countries such as China the market is expected to rebound through 2021
  • ICT spending tantamount to US$ 689Bn in 2020 will further boost market prospects for image based barcode readers

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These insights are according to a new study on image based barcode reader market by ESOMAR-certified research and consulting firm Future Market Insights. Increasing penetration of Industry 4.0 has spurred the deployment of advanced technologies such as cyber-physical systems, cloud, robotics, artificial intelligence (AI), big data, and autonomous techniques across the manufacturing industry. This is helping manufacturing firms to ensure uninterrupted operations and curb the pressure on workers.

Market Outlook for Image-Based Barcode Readers and Key Findings

  • The market for image-based barcode readers is estimated to develop at a 7% CAGR through 2030.
  • North America maintained its market dominance in 2019, accounting for 28 percent of the value share.
  • Despite a pandemic-induced slowdown and an 80% reduction in volume share in countries such as China, the market is predicted to recover by 2021.
  • ICT spending of $689 billion in 2020 will improve market possibilities for image-based barcode readers even further.

Rapid Advances in Sensor Technology to Augur Well for Market Growth

High-powered integrated torch (HPIT) image creation system, driven by high-speed liquid lens technology and time-of-flight (ToF) distance measurement, are making a measurable impact by allowing dynamic autofocus at frames per second (FPS). The most recent image based barcode readers come with HPIT feature for use cases including, high-rate tunnel sortation and warehouse handling in situations where product dimensions and packages can differ considerably, demanding the camera to swiftly adjust to various focal ranges.

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The HPIT light offers superior illumination ability for fixed-position image based barcode readers. HPIT is perfect for hard to read barcodes, presentation scanning, and use cases that confront the challenge of shifts in working distances. The solution leverages high-rate autofocus technology, distance sensors to deliver top-quality 1D and 2D code image creation, and 16 programmable LED lights.

“QR codes have been around for a long time, though they often have been perceived as a mere tech solution in pursuit of a problem. However, as is the case with swarms of things in the new normal, the COVID-19 pandemic is providing new meaning to QR codes as an elegant enabler of contact-less commerce,” says analysts at FMI.

North America Takes the Lead, East Asia Reflects Potential Growth Avenues

North America has been a test bed for tech-enabled innovations and is characterized by a well-established digital ecosystem. The developed region continues to offer opportunities of growth and profitability to image based barcode reader manufacturers over the following decade. The US spearheads the regional market, where image based barcode readers are significantly used in retail sector for smooth shopping experience.

Moving, the market in East Asia is experiencing tremendous growth, owing to flourishing retail sphere and subsequent development in manufacturing projects that are accenting the need for automated warehouses and thus, triggering the demand for barcode readers. Adoption of 2D Image/ Code Scanning in warehousing activities as well as in shipping and logistics operations are benefitting enterprises in the form of smooth business operations management. Digitization of the retail market, especially in China, and India, is further opening door of opportunities for the image based barcode reader market.

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To Know More About Image Based Barcode Reader Market:

A new market research report published by Future Market Insights (FMI) on the global image based barcode reader market report provides extensive insights into the market demand trends and analysis of opportunities over the forecast period. The report analyzes the image based barcode reader market through seven different segments – imaging type, product type, end use, technology, connectivity, sales channel, and region.

The image based barcode reader market report also offers in-depth assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in the manufacturing of image based barcode readers and product adoption across several end-use industries.

About Future Market Insights (FMI)

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

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Market Sales For CBRN Protection Equipment Will Be Worth $61.6 Billion In 2029: FMI

Between 2022 and 2029, the market for CBRN protection equipment is expected to grow at CAGR of 5.5 percentAccording to Future Market Insights (FMI), the market for CBRN protection equipment will be worth US$ 8.3 billion by 2029.
Greater emphasis of governments on enhancing safety of military forces constitutes a major push to global sales of CBRN protection equipment.
Increasing production of bioweapons, bio-agents, as well as chemical weapons has strengthened the demand for CBRN filtration systems, integrated COLPRO systems, and decontamination shelter systems. Demand for personal protective equipment such as gloves, boots, body suits, masks, and hoods is also rising, in line with rise in precautionary training practices.

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Key Takeaways – CBRN Protection Equipment Market Study

  • Personal protection equipment will continue to be bestselling throughout the forecast period. The rising focus on safety among military personnel has enhanced demand in countries such as the U.S., Canada, Germany, France, Italy, Spain, and the U.K.
  • Demand for integrated COLPRO systems is anticipated to multiply, with rising requirement from developed economies such as the U.S., the U.K., and Germany.
  • Decontamination shelter systems would gain significant traction, which will drive CBRN protection equipment market growth.
  • With increasing CBRN attacks in developing economies, especially at airports, the demand for immediate response has enhanced the mandate for frequent CBRN protection training. Such CBRN training practices will further drive the global CBRN protection equipment market growth in following years.
  • Rising investments in nuclear reactor projects, especially in countries like Russia, India, UAE, Turkey, China, and South Korea are expected to bolster demand for CBRN protection equipment.
  • Rapid growth in production of chemicals and bio agents has resulted in greater demand for safety awareness. Regulatory bodies have formed numerous regulations to improve safety awareness among public, which is expected to fuel the growth of the CBRN protection equipment market.

CBRN threats are rising as a result of amplifying tensions between nations such as the U.S., Iran, and Syria, creating an opportunity for investments in CBRN protection equipment. The rising need for customized CBRN protection equipment is expected to drive market growth positively in the coming years.

Large-scale Regional Players Dominating Competition Landscape

The report offers essential insights into the competitive scenario and market structure analysis of the CBRN protection equipment market along with the strategies of prominent market participants. Some key participants mentioned in the CBRN protection equipment market report are 3M (Scott Safety), Ansell LTD, Honeywell, AirBoss of America Corp., Indra Systemas SA, MSA Safety Inc., HDT Global, Drägerwerk AG & Co. KGaA, and Avon Protection Systems, among others.

Moreover, the global CBRN protection equipment market is competitive due to the presence of regional and large-scale players. However, it has been moving towards competitiveness, with contract acquirements and ongoing mergers and acquisitions of prominent players. Additionally, regional players in emerging markets are focusing on increasing value-addition in their product offerings at competitive pricing.

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What Lies Ahead?

Political and geographical unrest between certain nations are increasing due to nuclear and bio threats, resulting in increased awareness of CBRN attacks as well as precautionary and preventive measures. The deployment of safety measures and investments in training practices are projected to enhance the demand for CBRN protection equipment over the forecast period.

Know More About Inclusions of CBRN Protection Equipment Market Report

A new market research report published by Future Market Insights (FMI) on the global CBRN protection equipment market includes global industry analysis for 2014–2021 and opportunity assessment for the 2022–2029. The report provides insightful analysis of the global CBRN protection equipment market through four different categories – product type, category, end use, and region.

The CBRN protection equipment market report details current installed base, product adoption across different applications, prevailing trends and technologies being adopted in the manufacturing of CBRN protection equipment, life cycle analysis, and pricing analysis by different types of products.

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:

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