End Suction Pump Market Current Scenario and Industry Growth Forecast with Major Key Players data by 2031

The end suction pump market will grow annually (YoY) by 3.5% to 4.3 million units in 2021. According to an industry analysis of end suction pumps, demand for close coupled pumps will increase by 3.6% to 3.6 million units by the end of 2021.

End suction pump sales will account for 3% of the global pump market in 2021, driven by their booming application in both the commercial and industrial sectors.

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According to Future Market Insights (FMI), sales in the global end suction pumps market will be valued at over US$3.8 Bn in 2021, with a stable long-term projection. The report also estimates the market to expand at over 4.6% CAGR from 2021 to 2031.

Global end suction pump market to register year-on-year (YoY) growth of 3.5% in 2021 to total 4.3 million units. As per the end suction pumps’ industry analysis, demand for close coupled pump will grow by 3.6% to total 3.6 million units by the end of 2021.

Steered by surging application in commercial and industrial sectors alike, the sales of end suction pumps will represent 3% of global pumps market in 2021.

According to Future Market Insights (FMI), ongoing development and adoption of new technologies in the industrial sector is a key factor behind the surging demand for the end suction pumps in industries such as chemicals, petrochemicals, processed food & beverage, and others.

Rising expenditure towards infrastructural expansion, covering construction expenses hospitality and institutional sectors, has boosted the demand for end suction pumps for commercial applications.

The future growth of end suction pumps’ market is expected to ride on the back of centrifugal pumps’ market growth.

Because of the global pandemic, demand for end suction pumps declined marginally in 2020. The effect of COVID-19 on demand from heavy end-use industries like power generation and mining was lower, which drove end suction pump sales in various regions.

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The demand for end suction pumps has been increasing in the manufacturing sector. This can be attributed to the advancements registered in the manufacturing sector, especially in various developing regions.

Increasing energy costs and growing environmental awareness among end users are expected to drive demand for energy-efficient and cost-effective end suction pumps over the forecast period. Industries often rely on end suction pumps to improve pump efficiency and reduce energy consumption.

Key Takeaways from End Suction Pumps Market Study

  • Close coupled pump segment is projected to hold over 80% volume share in the global market in 2021.
  • The demand from the industrial sector will account for 75% of the overall sales in the market.
  • East Asia will remain a primary market, backed by expansion of industries and growing urbanization in the region. It is expected to account for over 25% of the demand registered globally in 2021.
  • Up-to 100 GPM and suction pumps’ sales will surge at a CAGR of approximately 4.6% over the coming decade.
  • Sales of end suction pumps in the U.S. will total US$992.4 Mn by 2031.

“Higher focus on expansion of manufacturing will boost end suction pumps sales in the coming years. Focus on turnkey projects by OEMs is expected to create an attractive opportunity for the growth of the market,” says a Future Market Insights analyst.

End Suction Pumps Market by Category

By Type:

  • Close Coupled Pump
  • Separately Coupled Pump

By Flow Rate:

  • Upto 100 GPM
  • 100 to 300 GPM
  • 300 to 500 GPM
  • 500 to 1,300 GPM
  • 1,500 to 5,000 GPM
  • Above 5,000 GPM

By Application:

  • Commercial
    • Hotels
    • Swimming Pool
    • Retail Space
    • Office & Institution
  • Industrial
    • Food & Beverages
    • Chemicals
    • Mining & Metals
    • Power Generation
    • General Manufacturing

By Region:

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

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Competition Landscape

The end suction pumps’ market is highly fragmented, with over 100 players across the world. The top companies account for around 15-20% of the market share. In order to achieve high sales, leading market players are creating contracts with end users and customizing solution to cater to industry specific requirements.

Some of the key players in this industry include but are not limited to Grundfos, Sulzer Ltd, Xylem Inc., KSB AG, Flowserve Corporation, Ebara Corporation, Kubota Corporation, Ruhrpumpen Group, Pentair plc, Kirloskar Brothers Ltd, Torishima Pump Mfg. Co., Ltd., and WILO SE.

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Magnetic Drive Pump Market Research, Segmentation, Key Players Analysis and Forecast to 2031

The global magnetic drive pump sales are projected to top US$ 807.9 Mn in 2021, as per ESOMAR-certified research and consulting firm Future Market Insights (FMI). With steady growth outlook, the market is poised to register CAGR at nearly 5.3% during 2021-2031.

The COVID-19 outbreak reduced demand for global magnetic drive pumps in 2020. The market’s long-term outlook is expected to remain positive as the construction industry recovers. The expansion of the construction and mining industries is expected to increase demand for heavy machinery and equipment, resulting in higher magnetic drive pump market sales. According to FMI, increasing application in the construction and mining industries will continue to grow in China, India, and Indonesia.

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According to FMI’s analysis, rapid adoption of technologically advanced equipment and machinery, as well as increased application for water treatment activities, will boost sales. Because of the aforementioned factors, the market is expected to exceed US$ 1.35 billion by 2031.

Key Takeaways:

In terms of pump type, the centrifugal pumps segment is projected to hold 52.6% of the total magnetic drive pump market share.
Applications of magnetic drive pumps are anticipated to continue rising in the water treatment and mining sector, accounting for 15.6% and 13.3%, respectively.
Stainless steel is expected to remain the most-preferred casing material for magnetic drive pump services
China is anticipated to emerge as an attractive market, capturing 40.2% of the East Asia magnetic drive pump market share.
Germany is projected to lead the Europe’s magnetic drive pump market, growing at a 5.1% CAGR.
India will continue experiencing high demand for magnetic drive pumps, capturing 31.8% of the South Asia Pacific market share.
Japan and South Korea will collectively account for 8% of the global market share.

“Integration of advanced technology due to focus on automation in construction and mining industries is pushing the sales of advanced magnetic drive pumps. CAPEX investments and increase in water treatment projects also are expected to provide lucrative opportunities for the magnetic drive pump market. Steered by this, some of the leading OEMs are investing in strategic alliances, partnerships and product innovations to gain competitive advantage in the global market. These partnerships will allow companies to improve their production capacity and strengthen their technical expertise,” says FMI analyst.

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Competitive Landscape

The market is expected to be primarily consolidated, with key players accounting for more than half of the market share. These players are likely to invest in new technology developments and expansion of their networks in order to maintain their market shares.

Some of the key players in the market are

Ebara Corporation, Flowserve Corporation, Kirloskar Brothers Limited, ITT Goulds Pumps Inc., Iwaki Co Ltd., Klaus Union, March Manufacturing, Ruhrpumpen Inc., Sundyne LLC, Xylem Inc., PRECISION ENGINEERING CO., Grosvenor Worldwide Private Limited, GCA Energy, Magnatex Pumps, Inc., Grundfos Pumps Corporation, TEIKOKU ELECTRIC MFG. CO., LTD., ELEPON E.C.A.P. Corporation, NIKKISO EIKO Co., Ltd., etc.

Global Magnetic Drive Pump Market by Category

By Pump Type:

  • Centrifugal Pumps
  • Positive Displacement Pumps

By Flow Rate:

  • Up to 80 m3/hr
  • 81 – 200 m3/hr
  • 201 – 500 m3/hr
  • Above 501 m3/hr

By Casting Material:

  • Stainless Steel
  • Alloy
  • Engineering Plastic
    • PP
    • ETFE
    • PFA
    • CRETFE

By Application:

  • Mining
  • Chemical Manufacturing and Processing
  • Bio-Fuels and Refineries
  • Metal Plating and Finishing
  • Fume Scrubbing
  • Food Processing
  • Water Treatment
  • Surface Treatment
  • Desalination
  • Others

By Region:

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

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Heat Shrink Tubing And Sleeves Market Regional Industry Segmentation, Analysis by Production, Consumption, Revenue and Growth Rate by 2031

The global heat shrink tubing and sleeve market is anticipated to reach US$ 1,879 Mn in 2021, growing at a positive 5.9% CAGR, according to a recent market analysis by ESOMAR-certified consulting firm Future Market Insights (FMI).

Sales of heat shrink tubing and sleeves will continue to rise as a result of rising consumer demand for environmentally friendly products and the expansion of OEM distribution channels.

The study predicts that over the forecast period, the market for heat shrink tubing and sleeves will sell 47,000 units.

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Rapid advancements in industrial sectors across the globe, along with increasing investments in mechanical equipment, are key factors driving heat shrink tubing and sleeves sales.

Besides this, OEMs’ customized solutions and expansion of distribution channels will continue propelling heat shrink tubing and sleeves sales in the forthcoming years.

Due to the outbreak of the novel coronavirus, the demand for heat shrink tubing and sleeves plummeted in the first quarter of FY’2020.

However, with improvements in the supply chain and resumption in production activities in end-use industries, steady recovery of the heat shrink tubing and sleeves market is on cards. FMI projects the market to grow year-over-year by 4.7% between 2020 and 2021.

Heat shrink tubing and sleeves effectively protect wires and cables from abrasion, wear and tear, and external stress. These benefits are propelling their applications in various end-use sectors such as telecommunications, automotive, aerospace and defence and transportation.

Growing concerns regarding environmental protection in various countries are ushering product developments in the global heat shrink tubing and sleeves market.

Consumers and manufacturers increasingly prefer cost-effective eco-friendly alternatives and recycled plastic products, creating avenues for product portfolio expansion for key market players.

FMI’s in-depth regional analysis projects the U.S. to dominate the North American heat shrink tubing and sleeves market.

The presence of key market players and ongoing expansions of automotive, aerospace and defence sectors in the U.S. are anticipated to place the country as an attractive market in the upcoming years.

“Increasing electricity usage across various industries is translating into high demand for heat shrink tubing and sleeves.

Apart from this, demand for safer alternatives for wires and cables in oil & gas and telecommunications sectors will continue driving sales of heat shrink tubing and sleeves in the forthcoming years,” says the FMI analyst.

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Key Takeaways:

  • Based on material type, the polyolefin segment is anticipated to hold 13.2% of the total heat shrink tubing and sleeves market share.
  • based on product type, sales of tubing will continue rising. The segment is projected to create around US$ 659.5 Mn incremental opportunity in 2021.
  • In terms of length, sales of standard length (1.2 meters) heat shrink tubing and sleeves are anticipated to remain high.
  • Applications of heat shrink tubing and sleeves in the energy sector will continue gaining traction in the energy sector. The energy sector is anticipated to hold 14.9% of the total market share in 2021.
  • Based on the sales channel, OEMs are estimated to account for 59% of the total heat shrink tubing and sleeves sales.
  • The U.S. is projected to hold approximately 67% of the North American heat shrink tubing and sleeves market share, emerging as an attractive market.
  • The Chinese heat shrink tubing and sleeves market is estimated to grow at a 6.1% CAGR over the forecast period.

Competitive Landscape

Leading players operating in the global heat shrink tubing and sleeves market include HellermannTyton, Molex Electronic Software, Panduit, Shrink Sleeves Ltd., TE Connectivity, ABB Ltd., The 3M Company, Wurth Elektronik GmbH, Techflex, Artilabo International, Gremtek SAS, PEXCO, DSK-CANUSA, WKK Nederland B.V., Essentra PLC, Plastpolymer Prom LLC., Don-Polymer Ltd., and others.

The top 5 players operating in the market comprise ABB, 3M, TE Connectivity, Essentra plc and Wurth Elektronik GmbH, holding 52% of the total heat shrink tubing and sleeves market share.

As a part of their growth strategies, players are focusing on strategic collaborations, acquisitions, and mergers to expand their global footprint.

In addition, investments in research and development for launching innovative and eco-friendly solutions will remain key growth strategies among market players. For instance:

  • In August 2021, TE Connectivity, a global leader in connectivity and sensors, expanded its product portfolio by launching the Dynamic 8000 series and Mini Series. The new product range comprises a high-quality crimp contact system and a robust housing structure for protection from harsh environmental factors.

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Tritium Light Source Market Research Covers,by Future Market Insights, Inc.

The report estimates global tritium light source market to grow at nearly 2.3% during 2021-2031. The report offers analysis in 20+ high-growth markets, providing detailed insights on tritium light sources market growth will evolve in the next decade. Global tritium light source sales are set to be valued at US$ 206.4 Mn in 2021, with a stable long-term projection, according to latest insights from Future Market Insights (FMI), an ESOMAR-certified research and consulting firm.

Demand for tritium light sources was moderate in 2020. The COVID-19 outbreak also slowed demand from key end-use sectors such as defence and aerospace, industrial infrastructure, and civil and commercial. However, given the possibility of stimulus in a number of countries, the market’s long-term outlook remains positive.

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According to FMI, the market will remain stable, with demand from the defence and aerospace sectors supporting it. New technologies such as tritium sources are expected to be in high demand in the industry. Demand is expected to be especially strong in Asia Pacific emerging markets like China, India, and Indonesia. Rapid growth in the civil and commercial sectors in this region’s urban and semi-urban areas will also help drive market expansion.

Key Takeaways

  • After negative growth in 2020, the market will register a positive 2% Y-o-Y growth in 2021
  • Backed by presence of a strong military & defense sector, the U.S. will account for nearly 70% of sales in North America in 2021
  • Despite being a leading market, the U.K. will register a moderate 2.5% Y-o-Y growth in 2021
  • Germany is forecast to register sluggish growth in demand, while growth in France will remain steady
  • Increasing defense budget will continue boosting sales in China, followed by Japan and South Korea

 “Rise in demand for self-illumination in recent years is expected to provide an impetus to tritium light sources sales. Besides this, the demand from the supplier side and from the end-use industries across the globe is propelling the tritium light sources market growth. The decrease in availability of tritium on a global scale might impact the pricing of the tritium light source. The U.S. NRC is implementing regulations for decreasing the production of tritium, which might affect growth in the coming years” says FMI analyst.

North America to Continue Exhibiting High Demand

Developments in commercial, civil and defense aviation across the globe has set the platform for growth in the market and are among the key factors shaping growth of the industry. North America, which approximately holds one third of the market is expected to continue to the trend in the forecast period. The tritium light source industry is expected to grow in U.S., post pandemic due to its usage in exit signs in various public spaces such as theatres, hallways and corridors. Along with the usage of tritium light sources in industrial applications, the tritium light sources market in China is expected to grow attributing towards its sales of GTLS in novelty items like key chains, and navigational items such as compasses.

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Competitive Landscape

The market is fragmented, with key players accounting for approximately one fifth of the market share. These players are likely to invest in new technology developments and expansion of their networks in order to maintain their market shares. Some of the key players in the market are Evenlite Inc, Cammenga, Beta Light, ITTSAN GTLS, MB Microtec AG, SRB Technologies, and Trijicon.

Tritium light source market is likely to grow at a moderate pace during 2021-2031. However, as it is a matured market, companies are expected to concentrate further on research and development activities to develop more in the field of defense and aerospace equipment that meet personalized requirements of consumers. Collaboration with regional defense and aerospace as well as civil and commercial companies as a prime strategy expected magnify in the forecast period.

Tritium Light Source Market

By Visible Color:

  • Green
  • Yellow
  • Red
  • Orange
  • Blue
  • White
  • Purple

By Application:

  • Directional Markers and Navigation Aids
  • Aviation Markers
  • Warning Lights / Markers
  • Firearm Accessories
  • Glow Pads

By End-Use Sector:

  • Civil and Commercial
  • Industrial Infrastructure
  • Defense and Aerospace

By Region:

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

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Elevator and Escalator Market Current Trends And Future Growth Estimations Outlook To 2030

Companies operating in the elevator and escalator market are focusing on cutting-edge technologies to make their products safer and eco-friendly, finds Future Market Insights (FMI) in a recent study.

According to FMI, the elevator and escalator market is anticipated to witness growth of ~6.6% CAGR during the forecast period from the year 2020 to 2030.

Some of the leading companies are incorporating IoT technologies in connected elevators and escalators. This has allowed them to control various parameters such as load capacity, frequency of usage, and others. Such technological improvements are expected to bode well for the overall market.
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The recent COVID-19 outbreak has resulted in declining market growth. However, several factors are expected to drive the elevator and escalator market during the forecast period.

FMI offers an exhaustive overview of the elevator and escalator market along with its potential, growth drivers and restraints.

Some of the key takeaways from the report are highlighted below-

  • Product-wise, elevator is expected to lead the market followed by escalator during the forecast period
  • Load type-wise, passenger segment will exhibit hegemony in the coming years
  • New system installation type is set to gain traction in the global market
  • Commercial end use segment is projected to exhibit highest growth followed by the residential segment throughout the forecast period
  • New-age IoT technology will cater to the steady market growth in the near future
  • East Asia elevator and escalator market will maintain the lead while emerging as the highest growing market among all other regions

“As the building and construction industry is expanding rapidly, the demand for elevators and escalators is rising higher. To capitalize on prevailing opportunities, market players are launching novel cutting-edge technologies that offer more sophisticated functionalities in elevator and escalator. This is anticipated to create lucrative growth opportunities for the market in the coming years,” says an FMI analyst.

COVID-19 Impact Analysis

The elevator and escalator market growth has been declining due to the novel coronavirus outbreak. As consumers have shifted their focus more on emergency services such as medical, diagnostic, pharmaceutical and others instead of building and construction sectors, the market growth rate has fallen temporarily.

Added to this, the factors such as non-operational manufacturing units, unavailability of labours, scarcity of raw materials, disruptive supply chain and logistics sector, financial crisis, job recession, and others have slowed down the progress of market.

According to FMI, the elevator and escalator market is set to recover by the first quarter of the year 2021.

Who is Winning

As the elevator and escalator market potential is rising steadily, the key market players are focusing on launching advanced designs to gain competitive edge. For instance, DOPPLER S.A. has launched their DOPPLER Lift Hygiene Solutions equipped with air sterilizer using UV photo catalyst sterilization and UV antibacterial light disinfection system in 2020.

Kone Corporation has launched Kone Health & Wellbeing Solutions for Elevators and Escalators which include escalator handrail sanitizer, elevator remote call using whatsapp, elevator air purifier, and others in June 2020.

Some of the leading companies operating in the market are DOPPLER S.A, Kone Corporation, Orona Group, EMAK Elevator, Sanyo Elevator (Zhuhai) Co., Ltd, and others.

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More Valuable Insights on Elevator and Escalator Market

In the latest report by Future Market Insights, we offer a detailed unbiased analysis of the global elevator and escalator market, providing historical data for the period of 2015-2019 and forecast statistics for the period of 2020-2030. In order to understand the global market potential, its growth and scopes, the market is segmented on the basis of product type (elevator (hydraulic, traction, machine room less, vacuum), escalator (step type, belt type, cleat type, spiral)), load type (passenger, freight, observation, others), installation (new system installation, retrofit), end use (residential (low rise building, mid rise building, high rise building), commercial (hotels, airports, subway stations, commercial complexes, offices & institutions, industrial), hospital, infrastructure & construction, transportation & logistics),  across six major regions (North America, Latin America, Europe, South Asia, East Asia, Oceania, MEA).

Elevator and Escalator Industry Survey

Elevator and Escalator Market by Product:

  • Elevators
    • Hydraulic Elevators
    • Traction Elevators
    • Machine Elevators
    • Room-less Elevators
  • Vacuums
  • Elevators
    • Step Type Elevators
    • Belt Type Elevators
    • Cleat Type Elevators
    • Spiral Elevators

Elevator and Escalator Market by Load:

  • Passenger Elevators & Escalators
  • Freight Elevators & Escalators
  • Observation Elevators & Escalators
  • Others

Elevator and Escalator Market by Installation:

  • New Elevators & Escalators
    • System
    • Installation
  • Retrofit Elevators & Escalators

Elevator and Escalator Market by End Use:

  • Residential Elevators & Escalators
    • Low-rise Buildings
    • Mid-rise Buildings
    • High-rise Buildings
  • Commercial Elevators & Escalators
    • Hotels
    • Airports
    • Subway Stations
    • Commercial Complexes
    • Offices & Institutions
  • Elevators & Escalators for Hospitals
  • Infrastructure & Construction Elevators & Escalators
  • Transportation & Logistics Elevators & Escalators

Elevator and Escalator Market by Region:

  • North America Elevator and Escalator Market
  • Latin America Elevator and Escalator Market
  • Europe Elevator and Escalator Market
  • East Asia Elevator and Escalator Market
  • South Asia & Pacific Elevator and Escalator Market
  • Middle East & Africa (MEA) Elevator and Escalator Market

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Smart Home Devices Market is Anticipated to Touch a CAGR of Nearly 18% by the end of 2031

Global smart home devices sales is expected to grow at a healthy CAGR of over 18% during the study forecast period 2021-2031, despite a period of less growth in 2020, according to a latest study by ESOMAR-certified market research firm, Future Market Insights. The research study tracks smart devices sales in 20+ countries, offering a lucid analysis on how growth trend will unfold.

The smart home devices market is currently exhibiting growth at an impressive pace. Due to the increasing popularity of technological advancements, device and appliance manufacturers now have the focus on fostering smarter homes.

Advanced automated systems such as monitor lighting, temperature, multi-media, security shields, entertainment systems, window and door operations, and others, which can be operated by users through smartphones and computers are being launched. Focus on smart home technologies is expected to rise, paving way for the expansion of smart home devices market.

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Future Market Insight’s latest edition of the study offers comprehensive insights into the market trends, value (US$ Bn) projections, recent developments, and dynamics. The report tracks the global value of smart home devices market in various high-growth countries across regions such as South Asia & Pacific, Middles East, and Latin America offering the most profitable opportunities to stakeholders. The report also analyzes the impact COVID-19 has had on the economy in general, and thermal printing in particular.

Key Takeaways from the smart home devices Market Study

  • Driven by increasing demand for connected devices, the global smart home devices market is poised to reach US$ 42 Bn by 2021
  • As an early adopter, the U.S. will emerge as a key market, accounting for over 17% of global sales of smart home devices
  • Backed by high spending power of consumers, the U.K. market will exhibit an impressive y-o-y growth at a little above 17%
  • Germany and France will continue exhibiting high demand for smart home devices in Europe
  • Japan will remain a lucrative market in East Asia besides China

Green Building Initiatives Paving Way for Growth

Green building initiatives undertaken by several countries around the world have been creating lucrative growth opportunities.For instance, in India the government is providing certain incentives to IGBC which is a council in India implementing certain initiatives to build sustainable and eco-friendly buildings. These initiatives have played a major role in Kohinoor Hospital in Mumbai, which is a remarkable example of the green building initiative.

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Competitive Landscape

Some of the prominent players in global smart home devices market include Samsung electronics Co. Ltd, LG Electronics, Siemens AG, Samsung electronics Co. Ltd, Honeywell International Inc., Schneider Electric, Koninklijke Philips N. V, Amazon.com Inc., Robert Bosch GmbH, Apple Inc., Nest Labs, UNITED TECHNOLOGIES, Panasonic Corporation, Sony Corporation, and Midea Group.

The players have opportunities to generate sales and improve their position in the smart devices market by implementing latest ideas into their products. They also can widen their distribution methods by collaborating with the industries. There is incredible focus on staying up-to-date with the latest technologies. Therefore, product launches are a common strategy as market players seek to offer state-of-the art technologies to their consumers.

For instance,

  • Apple, one of the pioneers of smart home devices, has been working on combining TV Box and HomePod speakers to revive their smart home efforts.
  • In 2019, Google launched Google Assistant Connect with the intent of wooing smart home device manufacturers. This launch was intended to make it easier for companies to integrate Google Assistant technology into their products.
  • In 2020, Panasonic launched its IoT and artificial intelligence-enabled platform called Miraie in India, through which it plans to introduce a wide range of connected air conditioners, switches, and smart door bells in India.

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Smart Home Devices Market by Category

Product Type

  • Security Lighting Control Smart Home Device
    • Dimmers
    • Switches
    • Sensors
  • Access Control Smart Home Device
    • Video Surveillance
    • Access Control
    • Fire and Smoke Detectors
  • HVAC Control Smart Home Device
    • Smart Thermostats
    • Heating and Cooling Coils
  • Entertainment and Other Control Smart Home Device
    • Audio, Volume, & Multimedia Controls
    • Home Theater System Controls
    • Others
  • Kitchen & Home Appliances
    • Smart Refrigerators
    • Smart Vacuum Cleaners
    • Smart Coffee Makers
    • Others
  • Healthcare Smart Devices
    • Fitness Tracker
    • Blood Pressure Monitor System

Price Range

  • Below US$ 25 Smart Home Device
  • US$ 25-35 Smart Home Device
  • Above US$ 35 Smart Home Device

Sales Channel

  • Direct Sales
  • Mono Brands
  • Supermarkets/Hypermarkets
  • Department Stores
  • Specialty Stores
  • Online Retailers
  • Other 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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GaN Power Devices Market Comprehensive Research Study and Strong Growth in Future 2027

Gallium Nitride (GaN) is the material, which is used for the manufacturing of semiconductor power devices as well as light emitting diodes and RF components. GaN has demonstrated the capability to be the displacement technology for silicon semiconductors in power conversion, analog applications and RF.

A report triggered by Future Market Insights (FMI) states that the global GaN power devices market compresses several expansions and in addition mid-level sellers, owing to number of lucrative open doors in the market. According to the report, the global GaN devices market is estimated to witness expansion at double-digit CAGR throughout the assessment period (2017-2027).

Japan to Remain Dominant in Global GaN Power Devices Market

The hardware industry in Japan is the prominent purchaser of the gadgets ventures across the globe. With a huge income share, demand for semiconductors is high and GaN power devices are being decreased, effective and with low capacitance, overtake nearly limiting vitality misfortunes amid charging and releasing. This factor is likely to increase demand for GaN products and in this manner market will gain momentum.

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GaN has wide application as a part in transistors and due to its enhanced properties, for instance, high warm conductivity, high voltage potential, substantial basic fields, these gadgets deliver high exchanging frequencies and better power thickness empowering transistors tofre work at high voltage levels. Such type of transistors have many uses in various in different fields and provide better outcomes, this is another driving factor influencing growth of the market.

A best example for it is- a IT gear producing organization situated in Japan, Fujitsu Limited, in Jan 2016, built up a GaN high-portability transistor power developer with significant yield execution of the world for wideband remote broadcasts, that was 1.8X more noteworthy than some time recently, permitting over 30% more prominent range foe a fast remote system.

Increasing developing work activities in GaN substrate in charge of the development of the Japan GaN power devices market. Owing to GaN innovation highlights, for example, scaling down, high breakdown voltage, high exchanging recurrence, demand for GaN power devices has been propelling and continuous research has been finished by inquiries of focuses in Japan and incremental competences of GaN.

Moreover, couple of years ago, a team of specialist from the institute of Industrial science at the Tokyo University discovered other innovation for manufacturing GaN LEDs on the crystal substrate. Costs for fabrication can be cut down along with actuating OLED light boards, with implementation of this improvement.

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Restraints

However, shrinking path of the semiconductor is the key factor that is limiting the growth of the GaN power devices market. Problems associated with present assembly and interconnect technologies are growing with expanding high current density in GaN devices. The major problem consist of low impedance interconnects, higher thermal resistance and lower thermal capacitance per chip requiring more chip temperature and better thermal interconnects.

The requirement for handling present densities per package and the similar heat flow generating by smaller footprints to be removed from the ambient atmosphere is also increasing. Such factors are anticipated to remain key challenge for growth of GaN market in Japan region.

Competitive Landscape

Several leading players operating in the market that are profiled in the report include Texas Instruments Incorporated, Qorvo, Inc., Infineon Technologies AG, Toshiba Corporation, Panasonic Corporation, and NXP Semiconductors N.V. The market is anticipated to witness section of acute number of GaN power gadget sellers in foreseeable period, increasing the opposition.

Some other prominent players in the market, that have huge contribution in the growth of the market are POWDEC, GaN Systems Inc., Wolfspeed, Inc., EXAGAN,Transphorm Inc., AIXTRON SE, STMicroelectronics, IQE PLC, and Efficient Power Conversion Corporation.

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Market segmentation

By Technology

  • 4H-SiC MOSFET
  • HEMT
  • Others

By Wafer Material

  • GaN SiC
  • GaN Si

By Wafer Size

  • Less than 150mm
  • 150mm-500mm
  • More than 500 mm

By Industry

  • Consumer Electronics
  • Energy & Utilities
  • Automotive
  • IT & Telecom
  • Others

By Region

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

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

Contact Us:        
Future Market Insights
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Augmented Reality And Virtual Reality Market Future Scenarios, Growth and Analytical Insights 2025

The global augmented reality and virtual reality market is expected to be valued at US$ 5,176 Mn in 2016 and is anticipated to expand at an impressive CAGR of 42.2% during the forecast period (2017–2025). Demand for AR and VR solutions is projected to skyrocket in gaming and other industries.

The technology has been segregated into augmented reality and virtual reality. VR segment registered an opulent market share with a valuation of US$ 3,498 Mn in 2016 globally. In addition to that, the adoption rate of AR and VR in gaming is increasing rapidly and this increasing adoption rate is responsible for the growth of the segment in the overall market.

Virtual Reality (VR) helps create a digital environment that switches the user’s real-world environment with a functional and more creative one. VR is widely utilized in gaming and entertainment applications. Augmented reality on the other hand overlaps the digitally created content into a user’s real-world environment. VR is excessively used to estimate project sales and inventory data on products displayed on store shelves.

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Key Takeaways

  • AR and VR assists owners to develop effective market strategies in several spheres ranging from real estate and automotive to consumer products and retail. AR and VR personalized experience allows customers to feel their importance. In addition to that, when customers spend more time in-store, the store owner gets to know more about the customer choice, Hence, benefitting his business.
  • Through subsequent visits and personalized experiences, store owners increase their brand loyalty and get an insight into the customer’s choices and preferences. Every business venture from every sector is widely incorporating AR and VR technologies, driving its market growth.
  • Implicit learning and development are one of the biggest sectors gaining traction for augmented reality and virtual reality. Other industries that are expected to gain traction in AR and VR over the years are space aerospace, oil and gas, and heavy machinery, where on-the-job training is conventionally difficult or dangerous but can be transformed into an easier version through augmented reality virtual reality solutions.
  • With the advent of 4G and high-speed internet and data communications, technologies such as AR and VR are making businesses grow at lightning-fast speed. Surging demand for Augmented Reality and Virtual Reality gear among smartphone users, the advent of entry-level VR headsets in the market, and marketing push by smartphone manufacturers have boosted the AR and VR market across the globe.
  • With the advent of technological advancements, businesses and enterprises are getting impacted by AR and VR market. In recent times, most businesses have transformed into digital augmented reality and virtual reality as per consumer preferences.
  • Since consumers find it easy and convenient to use digital products, businesses and ventures are focusing on strengthening their digital presence. With each passing day, more and more consumers are getting engaged in online activities due to which retailers are looking for ways to leverage their digital presence.

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Competitive Landscape

Vuzix Corporation, Samsung Electronics Co. Ltd, Microsoft Corporation, Google Inc., EON. Reality Inc., Oculus VR, LLC, Magic Leap, Inc., DAQRI LLC, Blippar.Com Limited, and Osterhout Design Group, Inc. (ODG) are some of the key companies profiled in the full version of the report.

Key companies in the immersive augmented reality and virtual reality technology market are focusing on innovations and enhancing the technology by focusing on integrating it with consumer devices such as smartphones and tablets and other devices in the market.

More Insights into the Augmented Reality and Virtual Reality Market

The emerging regions in the AR and VR market include North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. Among these regions, North America accounted for the largest market share in 2016 owing to the increasing adoption of AR and VR in gaming in countries such as the U.S. and Canada.

Countries including China, Japan, and the Asia Pacific region are expected to emerge with lucrative growth opportunities to drive the Augmented Reality and Virtual Reality market growth in the forecast period. MEA and the Asia Pacific region are expected to register a healthy CAGR during the forecast period of the augmented reality and virtual reality market.

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Key Segments Covered in the AR and VR Market are:

By Technology Type:

  • Augmented Reality (AR)
  • Virtual Reality (VR)

By End-user Type:

  • Commercial
  • Consumer

By application:

  • Gaming
  • Media & Entertainment
  • Real Estate
  • Education
  • Retail
  • Healthcare
  • Engineering
  • Others

By Device:

  • Head Mounted Display
  • Handheld Devices
  • Head-up display
  • Smartglasses

Others
By Component:

  • Hardware
    • Display
    • Processor
    • Sensors
    • User interface ICs
    • Power Management ICs
    • Others
  • Software
  • Services

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

Contact Us:        
Future Market Insights
Unit No: 1602-006
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Plot No: JLT-PH2-X2A
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IP Multimedia Subsystem (IMS) Market to grow Nearly US$ 50.4 Billion by the end of 2026

Future Market Insights (FMI) recently published a report on the global market for IP multimedia subsystems, findings from which assert that the market will surge at an impressive pace over the forecast period (2016-2026). Demand for IP multimedia subsystem is anticipated to grow at a pronounced rate and bring in US$ 50,347.4 Mn in revenues by 2026-end, reflecting a CAGR of 15% during the forecast period.

The increasing use of shared service infrastructure is cited as a key factor propelling the growth of the global IP multimedia subsystem market. In addition, interworking with the Internet and support for quality of service is also likely to drive the demand for IP multimedia subsystems in the near future.

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As per the FMI report, the global market for IP multimedia subsystem is expected to represent an incremental opportunity of US$ 37,927.6 Mn between 2016 and 2026. The market is anticipated to witness overwhelming growth owing to the increasing usage of services such as instant messaging, multimedia, and conferencing.

Moreover, enterprises are now using IP multimedia subsystem to communicate with other business clients in real-time. IP multimedia subsystems enable service expansion, especially in multimedia communication and integrated voice services. This helps in collaboration of multiple media, multiple points of access and multiple modes of communication into a single network, which is why a large number of network operators are adopting IMS services.

Mitel Networks Corporation, Cirpack SAS, Italtel S.p.A, Cisco Systems, Inc., Huawei Technologies Co. Ltd., Du, IBM Corporation, ZTE Corporation, Etisalat, Ericsson Inc., Nokia Corporation, MTN Irancell Telecommunication Services Company are recognised as top companies providing IP multimedia subsystem solutions.

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Key Highlights of the Report include:

  • In 2016, revenues from the sale of mobile/wireless mode IP multimedia subsystem stood at US$ 8,687.9 Mn and is expected to reach US$ 40,931.3 Mn towards the end of the forecast period representing a CAGR of 20.8%. Consumers and enterprises are increasingly adopting IP multimedia subsystem solutions due to increasing usage of wireless phones, laptops and other wireless devices.
  • Application of IP multimedia subsystem in Internet and web service is expected to garner US$ 14,579.8 Mn in revenues by the end of the assessment period, reflecting a CAGR of 17.2% over 2026. This is attributed to the robust use of internet and web-based services for managing online business applications, VoIP applications, VoLTE applications and others Internet-based communication. Meanwhile, use of IP multimedia subsystem in VoIP is also increasing owing to the growing popularity of video and voice-based communication.
  • By the end of 2026, US$ 28,283.7 Mn worth IP multimedia subsystems are expected to be sold globally to end-user consumers. Consumers are rapidly adopting IP multimedia subsystem services owing increasing adoption of social media platforms for social and personal communication.

Among regions, the market for IP multimedia subsystems in North America is expected to remain dominant throughout the forecast period. In 2016, the region’s market reached a valuation of US$ 3,318.2 Mn, with 26.7% revenue share.  APEJ is also expected to witness a robust growth of its IP multimedia subsystems market, increasing at an attractive CAGR of 18.5 % during the forecast period.

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Increasing usage of multimedia applications is a growing trend in the global IP multimedia subsystem market: IP multimedia subsystem services are enabling devices such as smartphones and laptops to access services through various networks such as cellular, broadband, Wi-Fi and others. In addition, along with the rising use of smartphones, individuals are using multimedia applications in order to improve their communications.

IP multimedia subsystem services allow users to use services such as multimedia conferencing, instant messaging, push-to-talk and other services along with maintaining the quality of services without increasing costs. Going with this current trend, many operators have started offering multimedia capabilities through IP multimedia subsystem services such as video, messaging, audio, push service and others to improve their offerings.

Market Taxonomy By Mode of Communication

  • Mobile/Wireless
  • Cable/Wireline

By End User

  • Consumer
  • Enterprise

By Application

  • Internet & Web Service
  • VoIP
  • SMS
  • Video Conferencing
  • Video on Demand
  • Others

By Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excluding Japan
  • Middle East and Africa
  • Japan

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

Contact Us:        
Future Market Insights
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TDS Meter Market is Expected to Witness a Healthy CAGR of 5.9% During the Forecast Period 2027

TDS meter market revenue closed in on US$ 1.5 billion in 2018, according to a new analytical study of Future Market Insights (FMI). The global TDS meter market value is likely to see nearly 5.4% yearly growth in 2019.

Extensively used in water purification applications, waste water regulation, and hydroponics, TDS meter finds wide applicability within governments (municipal corporations), industrial sectors, aquaculture industry, environmental science research, as well as in aquariums. Increasing adoption of TDS meters for testing the quality of water in pools & spas, residential areas, and hospitality segments further prompt at the positive growth outlook for global TDS meter market, in terms of revenue.

Increasing Consumption of TDS Meters Poised in Waste Water Treatment Applications

Increasing concerns about water conservation has been contributing to the growth of TDS meter market. Governments of various countries are focusing on waste water treatment to convert waste water into usable water.

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Increasing investments by governments to cope with rapid urbanisation, evolving water policies, growing adoption of safe water standards, and criticality of compliance with various international regulations & policies to ensure water safety is driving the TDS meter market.

High compatibility of TDS meters to the testing of physical, chemical, and biological attributes of water will continue to encourage the adoption within waste water treatment segment.

Governments of Emerging Regions to Extend Efforts in Line with “Safe Drinking Water Act”, Fostering TDS Meter Demand

While TDS meter demand will remain concentrated in the industrial sector of developed regional markets, potable water will remain the target area for TDS meter manufacturers within developing regions.

The TDS meter market in APEJ is projected to have a considerable share in the global TDS meter market. Governments are augmenting their investments to meet safe-water standards and comply with water policies, translating into higher demand growth in TDS meter within the APEJ’s market.

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On other hand, MEA’s TDS meter market is also expected to grow significantly through 2027. In the backdrop of presence of the smallest portion of population with safe access to potable water within the region, WHO has released strict guidelines pertaining to the availability of safe potable water for people in MEA. FMI’s study has cited this as an important factor pushing sales of TDS meters within the regional market. Governments in the MEA region are also focusing on improving the quality of water, which is another factor driving the TDS meter market in the region.

Tier 1 Companies in TDS Meter Market Focus on

As per FMI’s analysis, Hanna Instruments, Bante Instruments, HM Digital Ltd., and Halma are among the Tier 1 manufacturers of TDS meters, which are likely to maintain their strategic focus on product upgrades and new launches. Vendors will also continue to invest heavily in strategic acquisitions, as suggested by the report.

  • In 2018, Bante Instruments, one of the key manufacturers of TDS meters based in China, introduced a pocket TDS tester with an accuracy of ±1% F.S and temperature compensation of 50°C for measuring the purity of water and low-concentration liquids.

FMI’s report profiles some of the key vendors partaking in the competitive landscape of global TDS meter market, including Palintest, Hach, Apera Instruments, Eutech Instruments Pvt. Ltd., Panomex Inc., Horiba Ltd., Geotech Environmental Equipment Inc., Optiqua Technologies Pvt. Ltd., Intertek Group Plc, Systonic, General Tools & Instruments LLC, Pentair Plc, Milwaukee Instruments, Inc., Presto Group, and Precision Scientific Instruments Corporation among others.

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Key Segment

On the basis of product type

  • pen type TDS meter
  • portable TDS meter
  • benchtop TDS meter

On the basis of test range

  • auto range
  • low range (<2000ppm)
  • high range (>2000ppm)

On the basis of end use

  • governmental (municipal bodies)
  • agriculture
  • industrial
  • environmental sciences
  • aquariums
  • others

About FMI:

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

Contact:

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