Market Research Blog

Plastic Pigments are insoluble inorganic or organic particles added to the polymer base to give a desired color to the plastic or functional benefits the plastic. Plastic pigments which are organic in nature are difficult to disperse and tend to form clumps of pigments particles (agglomerates). This agglomerates can cause specks and spots in the final product.

Unlike the organic plastic pigments, inorganic plastic pigments such as carbon black, Metal oxides and sulphides, and others get more easily dispersed in the resin. Titanium dioxide is one of the prominent inorganic plastic pigments use in several applications.

Plastic pigments finds the number of applications in several major end use industries such as packaging, automotive, and others. With the rapid industrialization and significantly growing end use industries across the globe, demand for plastic pigments are witnessing upward trend from the past few years. And it is expected to witness a growth in terms of production as well as consumption in near future.

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Plastic Pigments Market: Market Dynamics

Significantly growing end use industries of plastic pigments bolstering the demand for plastic pigments. Prominent manufactures of plastic pigments are currently focusing on the expansion of its production facility in order to meet the increasing demand from the end use industries.

Packing industry is one of the prominent consumer of plastic pigments, high demand for packaging in developing countries and emerging markets is leading to the increasing consumption of plastic pigments. Growing significance of aesthetics in packaging assisting the adoption of plastic pigments in packaging industry.

Automotive industry also a prominent consumer of plastic pigments. Color is a key element of product design in the automotive industry, and Plastics are crucial for the exterior and interior design of many of today’s cars hence the demand for plastic pigments is increasing continuously among car manufacturer.

In the plastic pigments market, environmental regulations are the major restrictions. Manufacturers are focusing strongly on the development of manufacturing technologies in order to develop an environment friendly product.

Global Crisis: Impact of Covid-19

The global COVID-19 epidemic has impacted badly in the various countries across the globe. In the current scenario, the number of coronavirus cases have witnessing a upward trend in several countries and there are no substantial measures to counter the worldwide epidemic.

While several countries are able to control the virus up to some extents.Covid-19 has some serious impact on the global plastic pigments market. The demand for plastic pigments are witnessing a significant drop from the several end use industries, especially from the automotive industry.

As the production of vehicles are on hold in several highly impacted countries such as U.S., Brazil, and India, demand for plastic pigments are highly impacted from this industry.

Plastic Pigments: Regional Outlook

Asia Pacific is expected to be a prominent and dominant market for plastic pigments. Several countries such as China, India, Japan, South Korea, and ASEAN countries are propelling the demand for plastic pigments. Growing automotive, and packaging industry along with the rapid industrialization in the region is the key factor driving the growth of plastic pigments market.

Europe is the fastest growing market of plastic pigments, growing demand from automotive industry and consumer goods are the prominent driving factors for plastic pigments market in this region. North America is a significant market in terms of production as well as the consumption of plastic pigments.

Several prominent manufacturers of plastic pigments are located in U.S., and they have a significant global presence. Latin America, and Middle East & Africa are expected to witness a substantial growth during the forecast period, owing to steadily growing end use industries in this region.

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Plastic Pigments: Market Participants

Some of the key participants identified in the global Plastic Pigments Market includes BASF SE, Huntsman, DIC, Cabot, Chemours, LANXESS AG, Tronox, and others. The Plastic Pigments 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 Plastic Pigments research report provides analysis and information according to market segments such as geographies, product type, application, aircraft brake type, and sales channel.

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 favour 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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Fire Hose is important tool for firefighting applications. It is used to carry water to the end nozzle for spraying water on targeted system. Working pressure of fire hose can vary between 6 – 25 bar pressures.

Currently, fire hose materials are composed of synthetic fabrics and elastomers via extrusion process involving two layers of fibers are woven to form a hose jacket. The embedded material of fire hoses are light in weight and offer resistance to sunlight and chemicals.

Apart from use of fire hoses in firefighters application it is also used as a flotation device in water rescue applications by inflating air in hose. Simultaneously, to avoid failure of fire hose then fire hose need to be tested frequently also before testing one has insure that there is no signs of imminent failure.

There are two types of testing used in the industries such as destructive and non-destructive type of testing. Another use of fire hose is in to pump water out of basements. Hoses are available in various qualities and its life span is depends on which material quality and its usage frequency. Fire hoses are also used in offshore, marine sector, industrial premises and others.

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Fire Hose Market: Dynamics

The mandated protocols of fire hazard prevention in residential, commercial and industrial establishments have necessitated the associated firefighting gear including fire hoses.

Also the increased usage in civic disaster incidents such as bushfires, explosions have incurred the use of fire hoses in a healthy manner.  Advancement in manufacturing processes maximizing service life of fire hoses results in less maintenance cost of fire hose is considered to be a driver for the growth of global fire hose market.

Furthermore, the research and development in improved variants of fire hoses such as fire resistant attack hose has amplified its usage by the respective end users. Conversely, there are certain problems which occur while using fire hose such as maintenance, storage, and environmental effects. Hoses placed on the apparatus vibrates and rub against the walls and debris results in wear out of the outer jacket such a problems may cater growth of fire hose global market.

Also, when fire hose fails it get explodes and can send housings and couplings blasting in air which can hit to peoples by the debris. Such aspects may restrain the growth of global fire hose market with end users resorting to substitutes.

COVID-19 Impact

The rapid outbreak of covid-19 pandemic is said to impact severely on the manufacturing sector including fire hoses in the initial phase. However, the gradual resumption of construction activities and continued demand from all end use sectors is anticipated to augment the growth of hire hose market in the subsequent periods across the globe.

Depending on segmentation carried out on material used for fire hose in early days cotton was used as a material for fire hose but in this days synthetic fibres such as polyester and nylon filament is used for construction of fire hose. Based on size segment classified size is standard size for fire hose

Fire Hose Market: Regional Outlook

Europe and North America are the two prominent regions being both production and consumption hubs of fire hoses thus enabling its growth. Besides, Asia pacific is said to be an emerging market China, India, ASEAN and Japan like countries with healthy demand from all end use sectors. GCC countries owing to stringent safety standards for residential and commercial establishments has been a lucrative market for fire hose as well.

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Fire Hose Market: Key Participants

Major companies who are key participants in the global Fire Hose market, identified across the world are:

• Angus Fire Ltd.
• National Fire Equipment Ltd
• Niedner Ltd
• All American Hose LLC
• Armored Textiles
• Richards Hose ltd.
• Newage Fire Protection Services

As of strategic point of view this key participants industries are also focusing on research and development of fire hose materials so that to make fire hose sustainable and durable. Dominant players are also focusing on manufacturing customised fire hoses to get more customer base.

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 favour 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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Fluorescent brightening agents are also called optical brighteners. These chemical compounds absorb light in the ultraviolet region of the electromagnetic spectrum and with the help of fluorescence they re-emit light in the blue region and are specialty chemicals that belong to the synthetic organic coloring matter.

Fluorescent brightening agents are mostly stilbene-based chemicals. These agents make cloths appear more vibrant and radiant, resulting in whitening effect. These brighteners are most commonly used in detergents, soaps, cosmetics, food packaging, etc.

These optical whitening agents are chemicals are used to make plastics, fibers, coatings, ink and detergents as well as to make color on dyes more prominent. Fluorescent brightening agents have many advantages over other solvents such as light fastness, ready solubility in organic solvents, high chemical stability and better heat resistance.

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Fluorescent brightening agents Market: Dynamics

Presently, Fluorescent brightening agents are extensively used in the detergents and soap sector as addition of these chemicals in the formulation help clothes to appear brighter and cleaner. Due to their superior cleaning properties they can also be used as fabric softeners, which has resulted in a growth in consumption in the laundry and cleaning sector.

It is also used in the cosmetic industry and as a bleaching additive in the paper and pulp industry. Applications of Fluorescent brightening agents have extended into the security sector as well with bank notes and bills now having fluorescence to distinguish them from counterfeit bills.

Chemicals such as di and tetra sulfonated triazole-stilbenes and a di-sulfonated stilbene-biphenyl derivative dominates the global Fluorescent brightening agent’s production. Several health hazards such as skin and respiratory allergic reactions coupled with irritation to the eyes act as a restraint for the Fluorescent brightening agents market. To add to this Fluorescent brightening agents are non-biodegradable and toxic in nature.

A worldwide slowdown in paper industry owing to the rise in use of digital alternatives, particularly in the aftermath of the COVID-19 pandemic may also impede the overall demand for Fluorescent brightening agents. The high cost of production as well as the growing usage of alternatives such as non-stilbene brighteners is also a restraint on the market growth.

Although several restraints are present, there still remains a preference for the usage of Fluorescent brightening agents due to its superior performance, when compared to alternatives, in the respective application fields.

The COVID-19 crisis has brought upon unique consequences on the fluorescent brightening agents market, with demand stagnating in sectors such as pulp & paper, while relative demand spike is estimated from sectors such as soaps and detergents.

Fluorescent brightening agents Market: Regional Outlook

The Asia-Pacific region is expected to witness a robust growth with China, India and Indonesia are expected to drive the market owing to rapid industrialization, large share of global detergents manufacturing, and a rising population with a demand for better living standards. This is primarily because of significant growth in the textile, plastics, cosmetics, and soap and detergent industries in this region.

Europe has the largest number of Fluorescent brightening agent manufactures while North America too holds a significant share in the market, however due to the recent mass closure of paper mills in Europe and the U.S. the markets in these regions have been affected negatively. Meanwhile markets in the Middle East, Latin America and Africa are forecasted to witness stable growth.

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Fluorescent brightening agents Market: Key Participants

Some of the key market participants in the global Fluorescent brightening agents market, identified across the value chain include:

• BASF SE
• Huntsman International LLC
• 3V Incorporation
• Teh Fong Min International Co., Ltd.
• Deepak Nitrite Limited
• Evonik Industries AG
• Tsaker Chemical Group Ltd
• Archroma
• Clariant
• Mayzo, Inc.
• Delta Hydrocarbon
• Kyung-In Synthetic Corporation

The research report on the Fluorescent brightening agents market presents a comprehensive assessment, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

The Fluorescent brightening agents market report also contains projections using a suitable set of assumptions and methodologies. The report provides analysis and information according to market segments such as geography, aircraft type, and sales channel.

About Future Market Insights (FMI) 

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

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The global process liquid analyzer market is estimated to be worth around US$ 3.0 Bn in 2022. With rising adoption of process liquid analyzer across various industries such as oil & petrochemicals, water & wastewater treatment, and food & beverages, the overall demand is anticipated to rise at a moderate CAGR of 5.9% between 2022 and 2028, totaling a valuation of over US$ 4.22 Bn by 2028.

This indicates a decadal growth rate of 5.9% from 2022 to 2028 from an estimated value of just under US$ 2.4 Bn in 2018.

Petroleum refineries will need to modernise their blending and operational procedures, technologies, and infrastructure in order to comply with these mandates. This scenario is anticipated to create a favourable path for revenue growth of the global process liquid analyser market.

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With an increasing focus on sustainability and the green revolution, coupled with concerns pertaining to the use of fossil fuels, governments across the world are teaming up with global industry bodies to prescribe regulations to reduce the harmful effects of refined petroleum fuels.

Rapid industrialization has led to widespread urbanisation, which has increased the demand for clean, potable water and wastewater treatment. To meet the growing population’s demands, the governments of emerging economies, particularly those in the Asia Pacific, are increasing infrastructure investments in water and wastewater treatment. As a direct result of these investments, Future Market Insights forecasts a lucrative opportunity for new revenue generation in the process liquid analyser market.

Increasing Demand for Process Liquid Analysers to be Witnessed from Key End-use Industries in the Coming Years

Process liquid analysers are widely used across industries such as food and beverages, healthcare and pharmaceuticals, chemicals, water and wastewater treatment, oil and petrochemicals, automotive, paper and pulp, and power generation. Consistent growth of end-use industries has led to a rising need for providing high quality output while adhering to the stringent governmental norms ruling various industrial processes.

An increasing demand for critical industrial components such as process liquid analysers can be observed in the wake of industrial advancements that call for enhanced operational efficiency and reduction in costs as well as industrial waste. According to FMI analysis, water and wastewater treatment is the largest end-use sector in the global process liquid analyser market, both in terms of revenue and demand generation.

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Revenue Pullers in the Process Liquid Analyser Market

While the need to enhance industrial operational efficiencies and ensure consistent integrity of industrial processes is driving the process liquid analyser market, there are certain factors that are restricting revenue growth. Process liquid analysers come with very low replacement rates, requiring the replacement of the product after a span of several years. Product longevity acts as a bane in subsequent replenishments, thereby restraining replacement revenue growth to some extent.

Then again, the initial setup costs associated with process liquid analysers could be very high, depending on the end-use application. Complex process liquid analysers used in some of the crucial industrial processes may require high capital investments. This factor is also expected to act as a hindrance to revenue growth of the global process liquid analyser market.

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FMI Projections and Forecasts of the Process Liquid Analyser Market

• The process liquid analyser market is estimated to generate incremental $ opportunity to the tune of about US$ 1.8 Bn in the next 10 years
• Process liquid analysers deploying NIR technology are slated to have the widest application
• TOC analysers to dominate the global market through 2028; pH & ORP analysers to witness fastest growth owing to increasing application across several end-use industries
• Process liquid analysers with digital displays to hold largest market share in the coming decade
• Demand from the water and wastewater treatment sector will witness fastest growth during the period 2022 – 2028; this is also the largest revenue generating end-use sector in the global market
• North America to remain dominant regional market for process liquid analysers through 2028; China and India to remain top regional markets in terms of demand for process liquid analysers.

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Process Liquid Analyzer Market by Category

By Technology:

• NIR Based
• NMR Based
• ECD Sensor Based
• Laser Based

By Liquid Medium:

• Water
• Oil
• Other Chemicals & Liquids

By Product:

• pH & ORP (Oxidation-Reduction Potential) Analyzers
• Conductivity Analyzers
• MLSS (Mixed Liquor Suspended Solids) & Turbidity Analyzers
• Liquid Density Analyzers
• Chlorine Analyzers
• Dissolved Oxygen Analyzers
• Total Sulfur & Nitrogen Analyzers
• Oil in Water Analyzers
• TOC Analyzers
• Heavy Aromatics Analyzers

By Display:

• Analog
• Digital

By End Use:

• Oil & Petrochemicals
• Water & Wastewater Treatment
• Food & Beverages
• Chemicals
• Medical & Pharmaceutical
• Others

By Region:

• North America
• Western Europe
• South East Asia & Pacific
• Latin America
• Eastern Europe
• Middle East and Africa
• China
• Japan
• India

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Clutch is a component of the automotive transmission system which is designed to timely engage as well as disengage power flow between transmission system and the engine. A spring is an elastic body, used to distort when loaded and to recover its original shape when the load is removed.

While the process happens, vibrations occur in the engine compartment are dampened by the clutch springs by isolating the transmission from the shock of the clutch engaging.

Strong clutch spring wire provide possibilities to enhance the power, durability, precision and of the clutch operation. Over the years, special wires such as flat rolled and shaped wire in carbon stainless round wire, low alloyed and stainless material have been used for the manufacturing of clutch spring wire. Oil tempered clutch spring wire are used for clutch springs when high resistance to fatigue, heat and permanent set in fatigue are required.

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Clutch Spring Wires Market: Dynamics

Automotive industry growth across different regions is the primary driving factors for the clutch spring wires market. In addition, proliferating demand for reliable transmission systems in conventional as well as electric vehicles is anticipated to fuel the market growth. Furthermore, ongoing technological advancements in clutch technology by OEMs is anticipated to drive the global clutch spring wires market.

Established supply chain management on OEM as well as aftermarket sales channel has been a pivotal factor for business development by international as well as domestic players. The top manufacturers are offering oil tempered special spring wire for applications with high performance requirements.

The COVID-19 pandemic has impacted the global economy at various levels where the automotive industry has not been spared. As a result, a substantial slowdown in manufacturing in the first three quarters of 2020 has been witnessed having reverberated through every manufacturing enterprise.

The outlook remains uncertain for the remaining quarter of the year as the scope of the pandemic and its effect on production and demand & supply chains which is anticipated to impede the overall Clutch Spring Wires market growth.

Clutch Spring Wires Market: Regional Outlook

The automotive industry in the North America and Europe is expected to augment the market demand for clutch spring wires, owing to high vehicle fleet in these regions.

The automotive manufacturing scenario in Asia Pacific also provides an optimistic outlook for clutch spring wires market in the coming years for the OEM as well as aftermarket. Moreover, steadily increasing investments in automobile industry in various countries of  Latin America  & Africa is anticipated to result in steady growth in the clutch spring wires market.

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Clutch Spring Wires Market: Segmentation

The global Clutch Spring Wires market can be segmented on the basis of Material Type, Clutch Spring type and Vehicle Type.

Material Type

• Stainless Steel
• Alloy Steel
• Aluminum
• Others

Clutch Spring Type

• Diaphragm Spring
• Central Spring
• Others

Vehicle Type

• Passenger Car
• Light Commercial Vehicle
• Heavy Commercial Vehicle

Clutch Spring Wires Market: Key Participants

Some of the key market participants in the global Clutch Spring Wires market, identified across the value chain include:

• Suzuki Garphyttan
• KIS Wire
• Kobe Steel, Ltd.
• POSCO
• Neturen America Corporation
• China Baowu Steel Group Corp., Ltd.
• Zhengzhou Sinosteel
• N.V. Bekaert S.A.
• Haina Special Steel
• American Spring Wire Corporation
• Pengg Austria GmbH
• Nippon Steel SG Wire Co., Ltd.

The research report on the Clutch Spring Wires market presents a comprehensive assessment, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

The Clutch Spring Wires market report also contains projections using a suitable set of assumptions and methodologies. The report provides analysis and information according to market segments such as geography, aircraft type, and sales channel.

About Future Market Insights (FMI) 

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

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Fuel Cell is a type of alternative energy source broadly classified under renewable sources of energy as it utilizes hydrogen to generate electricity with heat and water as by-products.

Fuel cells are stated to achieve an electrical efficiency of over 50-60% which is also studied to reach over 80% overall efficiency when the heat is utilized in cooling applications. The fuel cell is classified in the following types such as PEM fuel cell, solid oxide fuel cell, molten carbonate fuel cell, and phosphoric acid fuel cell.

A solid oxide fuel cell is a class of fuel cell that used solid oxide material to generate electric power from the oxidizing process of fuel. A solid oxide fuel cell has several advantages over other types of fuel cells such as long term stability, fuel flexibility, high combined heat and power efficiency, low emissions, and relatively inexpensive.

Moreover, Solid oxide fuel cell is used in a variety of applications including use in auxiliary power unit’s in-vehicle, data centers, and military & defense, among others.

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Solid Oxide Fuel Cell Market: Dynamics

Power consumption by data centers is estimated to account for over 2% of total electricity consumption across the world. Energy demand from the data centers is expected to grow at a stable pace. Relying only on conventional sources of energy, given the staggering growth being witnessed by data centers can potentially lead to a rise in the total cost of ownership (or TCO), high emissions and carbon footprints.

Responding to high energy costs and growing environmental concerns, market players much recently, have been seeing immense opportunities in the area of the solid oxide fuel cell to power energy-hungry data centers. Growing attention to the prominent companies of Silicon Valley such as Apple, Microsoft, and eBay, and among many others to increased investment for commercialization of solid oxide fuel cell.

Such an aspect is expected to positively sway the solid oxide fuel cell market growth in the coming years. Also, the implementation of the fuel cell at utility power level enhances the overall efficiency of the power generation and consumption and has been witnessed that make a remarkable impact on solid oxide fuel cell adoption across the globe.

Although, one of the major negative factors that impact on the adoption of solid oxide fuel cell at a very larger scale is that its high installation cost. The raw material required for the solid oxide fuel cell is as much as 80% of the total cost of the product. Moreover, the high operating temperature of solid oxide fuel cells is also expected to constraints the market growth in the coming years.

Solid Oxide Fuel Cell Market: Regional Outlook

Based on the regional outlook, the global solid oxide fuel cell consumption is likely to witness noteworthy growth during the foreseen trajectory of the market. The solid oxide fuel cell market in North America is estimated to account for dominating share, owing to the large hub of prominent firm’s data centers

Along with Europe is also projected to hold a prominent share in the global solid oxide fuel cell market owing to the growing adoption of low emission and high efficacy energy sources. Rising environmental concerns being a key dynamic factor to impact on the adoption of solid oxide fuel cells in Europe.

Moreover, the Asia Pacific is picking up in the market due to a robust outlook for data center activities with high demand from South Korea and China. Along with this, the Middle East and Africa and Latin America are also expected to register significant growth owing to swelling usage of the solid oxide fuel cell at commercial as well as retail level in those regions.

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Solid Oxide Fuel Cell Market: Market participants

Some of the key market participants identified across the value chain of the solid oxide fuel cell market are:

• Bloom Energy
• Aisin Seiki Co., Ltd.
• SOLIDpower S.p.a.
• Sunfire GmbH
• Nexceris
• Atrex Energy
• FuelCell Energy, Inc.
• Catator AB
• Robert Bosch GmbH
• Mitsubishi Hitachi Power Systems, Ltd.
• Rolls-Royce Fuel Cell Systems Ltd.

The research report presents a comprehensive assessment of the solid oxide fuel cell market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated solid oxide fuel cell market data.

It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

About Future Market Insights (FMI) 

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

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In 2021, the market for electrical testing services experienced year-over-year growth of 6.3%. Between 2021 and 2031, it is anticipated to grow at a CAGR of 7.1%, reaching US$ 13.4 Bn at the conclusion of the assessment period.

The market accounted for roughly 15 to 18% of the testing, inspection, and certification market as of 2020. In the same year, testing services for transformers, circuit breakers, and motors and generators accounted for 50 to 55 percent of all sales in the electrical testing services market.

Electrification efforts of emerging economies are providing a progressive platform to electrical testing services market. The developments in electricity infrastructure of the countries is thriving at rapid pace, and the move is intended to provide affordable and uninterrupted electricity to different parts across the globe. This also demands installation of power transmission equipment such as transformers, which will have a direct impact on the demand for electrical testing services market.

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The surge in demand for green energy or renewable energy sources like wind, solar, and hydro is another factor supporting the market’s expansion. Electrical testing services will experience a significant increase in demand in the near future along with the rise in demand for green energy.

Rapid Urbanization to Help MEA Mark Highest Growth Rate in Coming Years

With greater scope for development, MEA stands out to be the fastest growing region in the global electrical testing services market. Growing industrialization and urbanization will support the growth of electrical testing services in the global market over the forecast period. Thus, emerging regions that are still going under the installation processes provide a better scope for electrical testing services market. According to the International Energy Agency (IEA), by the end of 2030, 600 million out of the total 674 million people without the access to electricity live in Sub-Saharan Africa, a majority of them in the rural areas.

Attributing to this, Africa provides immense opportunities for service providers to augment their business capabilities in the region. India stands out in terms of growth in electrification rate across the country. According to IEA, half a billion people have gained electricity since 2000. In India, the electrification rate is nearly about 82% and with ongoing government initiatives, India will achieve universal access to electricity by 2020s. This is expected to open up new horizons for the augmentation of the electrical testing market in India.

Certification by Testing Services Bolsters Market Presence of Companies in the Global Market

Regular testing of the huge electric equipment becomes necessary as steel plants, and other heavy industrial equipment are particularly large in size and cumbersome to handle with. Replacement of these equipment on the account of failure usually takes months or sometimes years based on the original specifications, whereas regular testing helps avoiding failures.

The testing services work in accordance with the testing standards laid down by reputed national and international accreditation bodies. The testing service providers can significantly improve its service quality and leapfrog other players in market recognition if it complies and provide certifications of InterNational Electrical Testing Association (NETA), Bureau of Indian Standards (BIS), and Electrical Research & Development Association (ERDA).

Some recent trends such as growth of transmission and distribution network are also capable of bringing in revolutionary growth of global electric testing services market. The coming years will give a clear picture of many such influencers of electrification and electrical testing services market.

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Competitive Landscape

Companies operating in global electrical testing service market are aiming at expanding their service range for precise end use. To achieve this, they are investing increasingly in R&D activities.

Electrical testing service providers are targeting end users by providing AMC for good consumer relationships. Companies are focusing on strategic collaborations and partnerships with electrical and electronic device manufacturers to expand their service and testing network.

Schneider Electric, Siemens AG, Eaton Corporation plc, General Electric Company, ABB Inc., Power Products & Solutions, American Electrical Testing, Haugland Group LLC, Dekra, TCS Electrical Co., Phase One Electric, Intran, GEM Electrical Services, Electric Power Systems, DNV GL, Dobel Engineering Company, Inel Power, Inser Hitech Engineers Pvt. Ltd., RESA Power LLLC, Voltech Engineers Pvt. Ltd.

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Global Electrical Testing Services Market by Category

By End Use:

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

By Service Type:

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

By Region:

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

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The global industrial hearables market is slated to reach a valuation of nearly US$ 992 Mn in the year 2026 and exhibit a robust CAGR during the period of forecast. A hearable device is a kind of microcomputer that is positioned in the ear and is fitted in the ear canal of the user.

This kind of device makes the use of wireless technology to enhance and complement the hearing experience of the wearer. There are many exciting and limitless possibilities of the hearable devices that are experiencing an excellent reception in the market.

An area of application which has enormous applications in the field of hearable devices is the area of augmented hearing. With the aid of this technology, there would be an improvement of the hearing faculty to above normal levels. However, this technology is still in its evolution stage.

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There is another exciting area of application of hearable devices is in the form of layered listening technology, which allows the users to filter out or enhance specific sounds. Besides such ground breaking technologies, the hearable devices also offer features such as monitoring of the vital body signs such as the heart rate, body temperature, ECG, blood pressure and pulse monitoring.

Besides, hearables can also be used as personal identification devices in which sound waves are used as a means of identification of an individual.  Also, hearable devices are also used to enhance the quality of the sound which the wearer receives and function as hearing aids.

4 Forecast Highlights on Global Industrial Hearables Market

• As per the forecast of Future Market Insights, the personal sound amplifiers (PSAPs) product type segment is slated to touch a value of nearly US$ 300 Mn in the year 2026. This represents a robust CAGR growth during the assessment period of 2022-2026. The personal sound amplifiers (PSAPs) product type segment was estimated to account for more than one fourth of the revenue share of the product type category by the year 2017 and is expected to gain in market share by the year 2026 end.
• As per the assessment of Future Market Insights, the wireless segment will reach a valuation of nearly US$ 386 Mn in the year 2026. This represents a robust CAGR growth during the period of assessment. The wireless segment was estimated to account for more than one-third of the revenue share of the technology category in the year 2017 and is expected to gain market share by the end of the year 2026.
• As per the estimates of Future Market Insights, the hypermarket/supermarket segment is slated to reach a valuation of nearly US$ 51 Mn in 2026. The hypermarket/supermarket segment is expected to lose market share by the end of the year 2026. The largest share is contributed by the North America region in the hypermarket/supermarket segment.
• FMI forecasts the US industrial hearables market to grow from US$ 180.6 Mn in 2017 to US$ 345.7 Mn in 2026. This represents a compound annual growth rate (CAGR) of 7.5% from 2017 to 2026.

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Competition Landscape

The report has also profiled leading players in the global industrial hearables market, which will remain active through 2026. These include companies such as Medtechnica Orthophone, Sivantos Pte. Ltd., Widex A/S, Miracle Hearing Aid Clinic, GN Store Nord A/S, Sonova Holding AG, Siemens Healthcare, GN ReSound, Cochlear, Persona, , Starkey Hearing Aids, William Demant Holding A/S, MED-EL, Shenzhen Sunsky Technology Union Hearing Aid Centre, Beltone and Eartone.

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