Market Research Blog – Page 10697 – New Product Development

Trace Chemical Detector Market Revenue is Expected to Increase at a CAGR of 7.2% over 2027

Global sales of trace chemical detectors closed in on around US$ 2 billion in 2018. According to a recent intelligence outlook presented by Future Market Insights (FMI), widening applicability of trace chemical detectors across multiple industries including chemical, petrochemical, defense, aerospace, healthcare, and research will drive the revenue growth of trace chemical detector market at an estimated CAGR of over 7% during 2019-2027.

Frequent Use of Trace Chemical Detectors for Security, Healthcare, & Research Applications Boosting Demand

Several types of chemical hazards need to be checked at different places of high importance to provide protection against potentially dangerous situations, in terms of security. Trace chemical detectors are used to check the various dangerous parameters of chemical traces at various locations such as airports, subways, and various governmental institutions.

In light of rising criticality of implementing high-end security systems at organizational, municipal, and public levels, the demand for advanced technology security solutions has been on the rise over the recent years. This according to FMI’s analysis, will remain an important factor assisting the revenue growth of trace chemical detector market in the near future.

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A wide range of drugs, medicinal components, and healthcare products need to be tested based on different chemical compositions to cater to stringent regulatory norms associated with the testing of pharmaceutical products and chemicals. The report opines that the adoption rate of trace chemical detector will see a considerable upsurge in upcoming years, particularly in the healthcare industry. Trace chemical detectors are also used in the research industry to test various components.

Sustained usage of trace chemical detectors by chemical manufacturing plant operators for quality inspection applications at various stages of manufacturing is cited as another strong factor driving demand for trace chemical detectors.

Trace Chemical Detector Manufacturers Emphasizing Technological Advances for Extended Features & Applicability

Growing availability of technologically advanced trace chemical detectors has been shaping market performance, recently. Technological advances leading to superior products such as precise identification & measurement control devices, narcotics detection system, and hazardous chemical warning systems, will continue to enhance user-friendly and application-specific features of existing trace chemical detector models.

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In addition, the availability of a variety of trace chemical detectors is also significantly driving the trace chemical detector market. Newly introduced features, such as programmable sensors, audio-visual alarm, and remote monitoring are also boosting the demand for trace chemical detectors. Rapid growth in the pharmaceutical and chemical industries and the existence of prominent market players in the North America and Europe regions are also among the key factors propelling the demand for trace chemical detectors.

Some of the key manufacturers competing in the global trace chemical detector market include Ametek (Ortec), Autoclear, LLC, Westminster International Ltd, Horiba, Bruker, JFE Techno-Research Corporation, Morphix Technologies, Hitachi High-Tech Analytical Science, and Smiths Detection Inc. According to FMI’s analysis, ABB and Siemens AG are among the prominent manufacturers of trace chemical detectors.

Key Segments

Based on Test Type

narcotics hydrocarbon composites metal & alloys polymers

Based on Product Type

benchtop portable

Based on End User

security & defence aerospace oil & gas chemical & pharmaceutical healthcare & research

Based on Application

explosive & narcotics detection building protection subway protection chemical weapon detection petrochemical testing chemical research

About FMI:

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

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Instrument Calibrator Market is Predicted to Advance at a CAGR of 6% from 2022 to 2032

Future Market Insights (FMI) has recently published a report titled ‘Instrument Calibrator Market – Global Industry Analysis 2013–2018 and Market Forecast 2019–2027.’ Instrument calibrators are frequently used to adjust the accuracy of an instrument that is often associated with a specific application. Instrument calibrators inspect the various testing equipment to ensure its proper functioning as per the testing guidelines.

Various instrument calibrators, such as temperature calibrators, pressure calibrators, and electrical calibrators, are used in several industries to check the quality parameters of the testing instrument. Several industries, such as electronics, food & beverages, aerospace, defence, automotive, and pharmaceutical, require instrument calibrators at regular intervals for the calibration of various testing instruments.

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Different types of quality testing equipment is used in the food and beverages industry to ensure the quality of food products. Maintaining the quality of products is one of the prime concerns of the manufacturers of food products. Instrument calibrators are used in the food and beverages industry to check the proper functioning of the quality testing equipment. The increasing consumption of packaged food in the recent years and the growing demand for instrument calibrators in the food industry is boosting the instrument calibrator market. Another factor that is propelling the instrument calibrators market is the high adoption of portable calibrators across the globe in the recent years.

The global instrument calibrator market is expected to grow at a CAGR of 6.2% throughout the forecast period. In 2018, the instrument calibrator market was valued at US$ 833.1 Mn, and is projected to grow considerably to US$ 1423.3 Mn by 2027 due to continuous improvements in instrument calibrators.

The requirement for instrument calibrators in the aerospace and defence industry is gaining traction

Aerospace and defence are among the rapidly growing industries across the globe. Various countries, such as China, the UK, the U.S., and India, are investing significant amounts of capital in the aerospace and defence industries. Conducting regular calibration checks of electronics systems used in these industries is mandatory. As these industries are sensitive, it is very important to inspect and ensure the proper functioning of the equipment. Thus, the increasing requirement of instrument calibrators in the aerospace and defence industry due to the mandatory calibration checks of electronics systems is another factor fuelling the growth of the instrument calibrator market.

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Regions such as APEJ and North America are witnessing significant growth in the aerospace and defence industries in the past few years. Technological improvements in the aerospace and defence industries in these regions over the years is considerably boosting the instrument calibrator market.

Technological advancements and price affordability is driving the market

Technological advancements associated instrument calibrators is one of the major factors accelerating the growth of the global instrument calibrator market. The availability of benchtop and portable instrument calibrators in developed and developing regions is boosting the instrument calibrator market. The high adoption of portable calibrators due to their user-friendly interface is fuelling the demand for portable calibrators across the globe.

Recently, Yogokawa Test & Measurement Corporation, a leading manufacturer of instrument calibrators, launched the portable CA700 Precision Pressure Calibrator in the market. This portable calibrator includes features such as high accuracy, long stability, and strong support for field calibration and maintenance work.

Another factor boosting the instrument calibrator market is pricing affordability. Manufacturers are designing affordable instrument calibrators to capture a significant market share.

Yogokawa Test & Measurement Corporation, General Electric, Fluke Corporation, and AMETEK Inc. are among the tier-1 manufacturers of instrument calibrators in the market

According to FMI analysis, Yogokawa Test & Measurement Corporation, General Electric, AMETEK Inc., and Fluke Corporation are among the key manufacturers of instrument calibrators. Manufacturing and serving a wide range of instrument calibrators to consumers as per the industry requirements are among the key strategies followed by the major manufacturers of instrument calibrators to capture a significant share of the instrument calibrators market across the globe.

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Some of the key manufacturers of instrument calibrators are OMEGA Engineering Inc., WIKA, Extech Instruments, Additel, Beamex Oy Ab., Calmet, Isothermal Technology Limited., Time electronics, PRINT & TEMPERATURE Leitenberger GmbH, and Star Instruments Ltd.

Key Segment

By Product

Temperature calibrator
Electrical Calibrator
Pressure calibrator
Others

By Modularity

Benchtop
Portable

By End Use

Electronics
Pharmaceutical and Biomedical
Industrial & automotive
Food and Beverage
Aerospace & Defense

Region

North America
Latin America
Europe
Japan
APEJ
MEA

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Biofuel Testing Services Market is predicted to advance at a CAGR of 7% from 2022 to 2032

The global demand for biofuel testing services accounted for revenues roughly equating US$ 1.5 billion in 2018. A new Future Market Insights (FMI) study envisages robust growth outlook for the biofuel testing services market, in the light of staggering growth in the biofuel production.

There has been rapid growth in the production of the biofuels due to increasing prevalence of hazardous emission from fossil fuels. Biofuels are renewable alternative to fossil fuels in various sectors. Various countries are adopting standards to increase the penetration of biofuels in various sectors. Hence, high usage of biofuels supports the growth of the biofuel testing service market. By 2020, EU aims to use a minimum of 10 percent of the transport fuel coming from renewable sources such as biofuels. There is increasing demand for biofuel testing services due to increasing importance of the biofuels over the fossil fuels.

The biofuel testing services market has been segmented on the basis of biofuel tested type, location type, end use, and region. On the basis of biofuel tested type, the market has been segmented on the basis of ethanol, biodiesel, biogas, green diesel, butanol, and others.

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On the basis of the location type, the market has been segmented on the basis of off-site and on-site service. On the basis of end use, the market has been segmented on the basis of automotive, biofuel companies, mining, energy generation, refineries, other. On the basis of the region, the global market has been segmented on the basis of North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East and Africa.

Standardization Enabling Better Penetration of Biofuel Testing Services

The ASTM standards for biofuel testing services include D975, D4806, D6751, D5798, and D7467 and the European standards for biofuel testing services include EN14214, EN 15376, NPR-CEN/TS 15293, DIN 51605. Numerous factors are fuelling the overall growth of the biofuel testing services market. Another key factor driving the growth of the market is the increasing usage of biofuels in the automobile industry in order to reduce impact of harmful gases released from fossil fuels.

Despite an impressively growing preference for biofuels for transportation purposes and the rising demand for biofuel testing services, the high costs associated with biofuel testing services will continue to limit the growth of market over the next few years. With strong signs of biofuels entering the mainstream, it is highly likely that the affordability of biofuel testing services will improve, thereby pushing the market revenues.

On the basis of the geography, North America is anticipated to capture the significant share of the biofuel testing services market due to increasing ethanol production in the United States. In Latin America, there is increasing demand for the biofuel testing services as Brazil is one of the prominent producers of biodiesel. Thus, these factors are fuelling the growth of biofuel testing services market in these regions.

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Moreover, Europe is estimated to be a prominent region in the global biofuel testing services market due to high production of biogas. Europe is the leading producer of biomethane as a vehicle fuel. Biogas production has increased in EU in last few years due to renewable energy policies adopted by the country.

The report tracks some of the key companies operating in the market, such as BUREAU VERITAS, Intertek Group plc, Eurofins Scientific, AmSpec, LLC, SGS SA, ALS Limited, Core Laboratories, Biofuel Systems Group Limited, Beta Analytic., AKSHAR ANALYTICAL LABORATORY & RESEARCH CENTRE, SOCOTEC Group, Chem-Tech Laboratories, FOI Laboratories, Private Limited, and Peak Petroleum Testing Services, Inc. BUREAU VERITAS, Intertek Group plc, Eurofins Scientific, and SGS SA, are estimated to capture a prominent share of the Biofuel Testing Services market. These tier 1 companies hold a share of approximately 40% of the Biofuel Testing Services market.

Key Segment

By Biofuel Tested Type

Ethanol
Biodiesel
Biogas
Green Diesel
Green Diesel
Others

By Location Type

Off-Site Services
On-Site Services

By End Use

Automotive
Biofuel Companies
Mining
Energy Generation
Refineries
Others

By Region

North America
Latin America
Europe
South Asia
East Asia
Oceania
MEA
Emerging Countries

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Fertigation Control System Market cross US$ 247 Mn in 2022, rising at a CAGR of 6.7% year on year growth in 2022

Modernization in agricultural operations and rapidly growing adoption of organic farming and urban farming are expected to remain defining aspects in the fertigation control system market growth. As per Future Market Insights, the fertigation control system market is projected to be valued at ~US$ 1,030.4 Mn in 2021, expanding at a CAGR of ~8.0% over the forecast period of 2021-2031.

The ongoing crisis caused by the COVID-19 pandemic has severely impacted the global economy. It has resulted in a complete shutdown of supply chain networks and manufacturing activities. However, the fertigation control system market is expected to recover as economic activity resumes post the containment of pandemic through 2021 and beyond.

Increasing awareness of smart agricultural solutions in developing countries is expected to boost the market over the forecast period. Considering the growing popularity of different farming techniques, manufacturers are focused on research and development (R&D) for novel products to enhance efficiency and productivity.

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Market growth is driven by increasing demand from various sectors including greenhouse cultivation, open field farming, and agricultural research among others. Fertigation control systems are witnessing higher adoption across greenhouse farming sites.

Manufacturers of fertigation control systems are focusing on expanding their product range by investing in R&D activities which are helping them to develop and launch new products, so that they can gain a notable market share over their competitors.

Key Takeaways of Fertigation Control System Market Study

Greenhouse applications driven by investments in organic farming and agricultural research, accounting for 50% of the global market in 2021.
Multi-channel fertigation control systems are projected to reflect over 87% of the global market by 2031, owing to use in large scale agriculture operations.
China will continue to hold the lead in East Asia, accounting for over 53% in 2021, owing to a vast agrarian economy in the country.
The U.S. holds over 68% of the North America market on the back of growing investments into mechanization of agricultural processes in the region.
The U.K. is a leader in Europe, supported by investments into agriculture research and exports.

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Competitive Landscape

The fertigation control system market is moderately consolidated, where the leading players account for approximately one fifth of the overall market share. The penetration of small regional players makes this market more competitive. Product development and geographical expansion are key strategies being implemented in the market.

Some of the key players in the market are Jain Irrigation System Ltd, Netafim, Argus Controls Systems Ltd., Commercial J. Huete, Turf Feeding Systems, Inc., Hanna Instruments, Agrowtek Inc, Spagnol srl, Novedades Agricolas S.A., Irritec s.p.A , HARVEL GREEN, Agricontrol Srl, S.I. Irrigation Systems, Neel Agrotech Pvt Ltd, Pure Hydroponics among others.

Global Fertigation Control System Market by Category

By Channel

Multi
Single
Dual

By Technology

Automated
Manual

By End-use

Greenhouse
Open Field
Research Body
Others

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Transportation Predictive Analytics And Simulation Market Strategy, Promotions, New Product Launches and Emerging Trends by 2027

In real time, connected cars can produce data about traffic flow, engine performance, etc., according to a report by Future Market Insights. Predictive analytics and simulation for transportation can be used to extract this data, improving analysis of transportation authority.

Predictive analytics and simulation for transportation were valued at US$ 1,550.0 million in 2016; by the end of 2027, this market is anticipated to be worth US$ 3,916.6 million. The market will have strong growth throughout this projected period with a CAGR of 8.9%.

Predictive analytics & simulation software are projected to be in high demand in the future as the global transportation & logistic industry witnesses convergence through the adoption of data-centric solutions. Predictive analytics and simulation software use the collected data to identify patterns and depict potential outcomes & trends related to transportation in an effort to increase the effectiveness of transportation operations.

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According to a survey by Future Market Insights, a major driver of the use of transportation predictive analytics & simulation solutions would be the growing number of connected vehicles. A number of automakers have changed their automotive products to include technologies like sensors and sophisticated tracking systems with engine diagnostics as vehicle connectivity has increased.

Increasing vehicular traffics witnessed across the globe, and the earnest need for saving costs through cost-effective data solutions, and thereby rendering operational efficiency in logistics sector are also observed as key drivers for growth of global transportation predictive analytics & simulation market. In the report, titled “Transportation Predictive Analytics & Simulation Market:

Global Industry Analysis and Opportunity Assessment, 2017-2027,” North America is projected to remain the largest market for transportation predictive analytics and simulation solutions North America’s transportation predictive analytics and simulation market will account for 35% of the market revenues by 2027-end. The region will also register fastest revenue growth at 10.5%, while Japan and the Asia-Pacific excluding Japan region will reflect growth at more than 9% CAGRs.

The report emphasizes on how predictive analytics can help companies to maximise revenue and minimise transportation costs by predicting customer demand while dealing with any capacity limitations. They can help airline companies devise a business strategy such as adjusting flight schedules or flight fares during different demand periods, and help maximise revenues as well as increase customer satisfaction.

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In 2016, more than US$ 230 Mn worth of transportation predictive analytics and simulation solutions were deployed in airline transport sectors across the globe. Nevertheless, in the long run, roadways will remain the most crucial component of transport for adoption of predictive analytics and simulation solutions; global revenues from which will soar at 9.8% CAGR through 2027.

Taking into account the rising use of microscopic transportation simulation platforms for infrastructure planning, more than one-third of global transportation predictive analytics and simulation revenues will be accounted by microscopic simulation throughout the forecast period.

Demand for macroscopic simulation, however, is projected to witness marginal decline in terms of its global revenue share. The report also predicts that on-premise deployment models will lose traction, but will still dominate the market revenues. Meanwhile, cloud-based deployment of transportation predictive analytics and simulation in the forecast period will bring in over US$ 1,400 Mn in global revenues.

More than 90% of the global transportation predictive analytics and simulation market will remain dominated by software over services. And, the report has profiled leading developers of transportation predictive analytics and simulation software & solutions, which include, IBM Corporation, Xerox Corporation, SAP AG, PTV Group, Cubic Corporation, Space-Time Insight, Tiger Analytics Inc., T-Systems International GmbH, Predikto Inc., and Cyient-Insights.

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Market segmentation

By Region

North America
Latin America
APEJ
Japan
Western Europe
Eastern Europe
MEA

By Component

Software
Services

By Deployment Model

On-Premise
Cloud-based

By Simulation Method

Microscopic
Macroscopic
Mesoscopic

By Component of Transport

Roadways
Railways
Airways
Seaways

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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Fiber Optic Test Equipment Market to grow at 6.8% CAGR through 2030

Cost, performance, and reliability of equipment remain the top 3 expectations of fiber optic test equipment buyers, according to a survey conducted by Future Market Insights. The survey is part of the report that global fiber optic test equipment revenues market to grow at 6.8% CAGR through 2030.

Fiber optic cables have become the heart of modern-day data telecom network infrastructure. Technologies are playing key role in several businesses today, as majority of end users accent for more secured, faster, and larger communication system for network operations.

Fiber optics is leveraged on significant scales by various industries, and holds great potential going forward. As these network technologies continue to spread and user load continues to surge, development of standardized fiber optic test equipment has become increasingly crucial.

Key Findings

Adoption of optical spectrum analyzers and remote fiber test systems to surge
Stakeholders will continue to invest in handheld/portable equipment over the following decade
Sales to network equipment manufacturers and data centers will remain critical
US and Europe will remain lucrative, but opportunities in East Asian countries will be a key highlight

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COVID-19 Impact on Fiber Optic Test Equipment Market

As majority of people are working from home and connecting with their acquaintances online to avoid COVID-19 contagion, the connected ecosystem offered by telecommunication industry is highly beneficial. Surging need to connect remotely with colleagues and companions has shored up network traffic.

This rapid transition has highlighted the importance to establish resilient infrastructure networks during and after the COVID-19 chapter that can overcome crisis-led demand upsurges as well as potential disasters – thus, accenting for fiber optic cables.

In addition, companies are co-deploying fiber optic cables along other passive infrastructure networks such as roads, highways, railways, and power networks. Such activities are setting the stage for fiber optic test equipment market.

Competitive Landscape

The global market for fiber optic test equipment is moderately consolidated, as such, leading players are honing in on strategic mergers & acquisitions (M&A) to maintain their predominance in global landscape.

EXFO Inc. has taken over Astellia – which provides subscriber and network intelligence. With this acquisition, EXFO Inc. is looking to offer comprehensive fiber optic tester tools and network intelligence solutions to customers
Element Materials Technology has acquired PCTEST Engineering Laboratory Inc. with an aim to strengthen its position in testing and certification services domain in connected technologies industry
Corning has acquired all communication markets division of 3M Company in order to extend its reach to key growth regions, globally, and penetrate into in-building network market.
Viavi Solutions has collaborated with Ingram Micro (US) to distribute VIAVI test equipment in the US that are utilized for cable and fiber networks, and performance management solutions for business network infrastructure.

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Key SegmentEquipment Type

Optical Light Sources
Optical Power & Loss Meters
Remote Fiber Test Systems
Optical Time Domain Reflectometers
Optical Spectrum Analyzers
Other Test Equipment

Portability Type

Handheld/Portable
Bench-top

end use

Telecommunication Service Providers
Network Equipment Manufacturers
Data Centers
Cable Operator
Educational & Research Institutes
Others

Region

North America
Latin America
Europe
South Asia Pacific
East Asia
MEA

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Fire Pump Test Meters Market is likely to secure a CAGR of 6.7% through 2032

The fire pump test meters market growth is likely to continue an upward trajectory, with global demand set to surpass US$ 192 Mn in 2019, up from nearly 183 Mn in 2018. These insights are as per the latest FMI research study that projects a promising outlook for fire pump test meters market 2019 and beyond.

According to the study, broader trends, such as growing emphasis on enhancing operational efficiency and mitigating downtime continue to fuel investment in fire pump test meters.

The FMI study finds that end-users continue to show a marked preference for mid-sized pipes, owing to wider applications across a range of applications. The study opines that ‘5.1 inches to 9 inches’ will remain the topselling variant in 2019, with the status-quo unlikely to change during the course of the forecast period.

Stringent regulations and growing demand for Factory Mutual (FM)-approved fire pump test meters

Various associations and regulatory bodies have defined a set of standards that are needed to provide an essential level of security for fire protection systems. These standards and regulations are playing an important role and are creating high demand for fire pump test meters. Moreover, with steady growth in infrastructure in various countries around the world, the usage of high-performance fire protection systems is not only critical, but also necessary.

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Various providers of fire pump test meters are focusing on providing FM-approved and National Institute of Standards and Technology (NIST)-traceable calibrations. These are the some of the key standards that are contributing to the growth of the global fire pump test meters market.

FMI Survey Finds End-Users Prefer Grooved Fire Pump Test Meters over Flanged Variants

The FMI survey finds that fire pump test meters with grooved body type remain highly-favored, with global sales likely to equal a market value of over US$ 95 Mn in 2019. The oil, gas, and chemicals industries continue to spearhead demand, with the market benefitting from the recovery in oil prices. According to the study, evolving regulations concerning safety at oil & gas plants are likely to hard press stakeholders to bolster their security apparatus.

Fire pump test meter sales in the oil & gas industry are likely to be complemented by growing applications in power generation sector. Testing equipment, including fire pump test meters, is emerging as a viable investment for reducing high insurance costs in the power generation sector; the FMI study remains bullish on adoption of fire testing equipment in power generation sector in the future.

North America, spearheaded by healthy sales in the US, retains its lucrativeness in the fire pump testing meters market. The lucrativeness of this region can be attributed to growing emphasis on process streamlining by diverse industry verticals.

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The manufacturing framework of fire pump testing meters remains highly influenced by codes and standards issued by prominent organizations, such as National Fire Protection Association (NFPA), vis-à-vis design of fire pumps and related components. Moreover, NFPA guidelines on inspection of fire pump test meters post initial installation and on annual basis thereafter remains a crucial aspect encouraging manufacturers to offer value-added services. With disruptive innovations gaining traction, manufacturers are vying to offer advanced products that simplify testing processes with a high level of reliability.

Addressing the challenges associated with accuracy in high precision for even low-end readings remains a key focus area for manufacturers. Sensing the shifts in end-user demand, manufacturers are incorporating advanced materials to withstand extremes of operational environment. Fire pump test meter manufacturers are also offering extended warranties to boost consumer confidence and repeat sales.

Key Segment On the basis of pipe size

1-5 inches
5.1-9 inches
9.1-12 inches

On the basis of body type

grooved
flanged
others

On the basis of end use

oil
gas & chemicals
power generation
manufacturing
fire protection
pulp & paper
other industries

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Soil Field Testing Equipment Market is likely to secure a CAGR of 4.3% through 2032

The criticality of the assessment of properties and quality of soil continues to sustain the sales of soil field testing equipment at a global level. As the participants in the construction industry are mandated to adhere to the National Bureau of Standards for soil resistive testing, it is more likely that on-field soil testing would continue to gather ground, subsequently boosting the demand for soil field testing equipment such as soil density volumeters, soil moisture testers, soil penetrometers, soil classification testers, soil resistivity testers, pocket shear vane sets, and digital pH meters.

According to a newly published market research intelligence by Future Market Insights, tightening regulatory norms set for testing the compatibility of building and construction materials with soil are predominantly driving the growth of soil field testing equipment market. Estimated to see moderate revenue growth in coming years, the approximately US$ 900 million global market for soil field testing equipment is expected to merely approach the valuation of a billion dollar towards 2020.

In addition to urbanization that is boosting the expenditure on building and construction, augmenting R&D investments initiated by governments as well as privately owned entities will continue to widen the prospects of soil field testing equipment adoption. Increasing stringency of the regulatory frameworks governing building and construction industry is also playing a prominent role in firming up the demand for soil field testing equipment worldwide.

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Over 30% Market Share Belongs to Water Permeability Testing Equipment

In an effort to satisfy soil density requirements set by the American Society for Testing and Materials (ASTM) and the American Association of State Highway and Transportation Officials (AASHTO), the industry is raising steady demand for soil field testing equipment.

ASTM standards defined for the desired soil permeability are significantly boosting demand for soil field testing equipment such as water permeability testers, which hold a substantial contribution in the global soil field testing equipment landscape, i.e. more than 30% of the total market value. Soil field testing equipment used in testing the soil density and consolidation are also slated for a considerable market revenue share, as indicated by the report.

Portable Soil Testing Equipment Explores Higher Applicability

While based on the type of machine, stationary soil field testing equipment currently accounts for more than half of the total market value, the report also prompts at the elevating adoption of portable soil field testing equipment. The latter, owing to superior functionality and convenient attributes such as light weight and low maintenance, will reportedly showcase relatively higher potential in terms of adoption across the industry.

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More Demand Projected to Flow to R&D Laboratories

Following the on-site segment, educational institutes are presumed to represent a sizeable value share in soil field testing equipment landscape. While the widening expanse of construction industry is propelling the demand for on-site soil testing equipment, R&D laboratories are also poised to represent a decent share in the total market value.

The report however prompts at a gradually increasing revenue share of educational institutes owing to relatively high yearly growth projections. A number of soil field testing equipment manufacturers are involved in conducting training workshops and seminars for customer companies, which is likely to boost the demand for soil field testing equipment in the near future.

Emerging Economies Mirror a Positive Growth Outlook for the Market

Asia Pacific (excluding Japan), with over 1/3^rd value share in the soil field testing equipment landscape, is anticipated to remain at the forefront of global competition owing to the constantly thriving construction industry and emergence of highly attractive investment avenues residing in the region’s infrastructure domain. Increasing inclination of both consumers and industry stakeholders towards safe building and construction activities will remain a prominent factor pushing adoption of soil field testing equipment across APEJ.

Europe, although positioned as the next key regional market for manufacturers of soil field testing equipment, is slated for a sluggish growth in the revenue through the next few years. The region’s construction industry has been in its maturity phase over the recent past, which is likely to influence the growth of soil testing space across Europe. On contrary, the soil field testing equipment market in Latin America and Middle East & Africa are forecast to demonstrate promising year on year growth in by 2020 and ahead.

While the report points to key players in soil field testing market focusing on the technological advancements in existing portfolio of soil field testing equipment, automation also remains a key factor dictating their developmental strategies.

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Overseas expansion through strengthening online sales of soil field testing equipment is also projected to be an important strategy adopted by prominent manufacturers. According to the report, growing focus on the continuous development of advanced technology equipment for soil field testing is likely to push R&D investments of manufacturers.

Some of the leading companies in soil field testing equipment landscape that have been profiled in the FMI study include Controls S.p.A., Humboldt Mfg. Co., GlobalGilson.com, FilWEB, EIE Instruments, and ELE International.

Key Segment

Based on of location

on-site
R&D laboratory
educational institutes

Based on machine type

stationery
portable

Based on of test type

soil sampling tests
triaxials tests
CBR tests
density & consolidation tests
water permeability tests

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Rheometers Market growth at 12% CAGR by the forecast year 2031

Revenue generated in the testing and certification agency segment of the rheometers market increased at a robust 11.5% year over year in 2021. As per Future Market Insights (FMI), demand in the Industrial segment increased by 8.6% between 2020 and 2021, facilitating the combined Rheometer markets year-over-year growth at 9.3% in 2021.

As per Future Market Insights (FMI) analysis, the Rheometers Market is projected to be valued at ~US$ 887.6 Mn in 2021, expanding at a CAGR of ~12.0% over the forecast period of 2021-2031. The ongoing crisis caused by COVID-19 pandemic has caused severe impact on the global economy. It has resulted in complete shutdown of the supply chain networks and manufacturing activities. Subsequently it has affected the Rheometers Market causing a significant drop in the market growth.

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A recent market study published by FMI on the Rheometers Market includes global industry analysis for 2016-2020 & opportunity assessment for 2021-2031, and delivers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical and current growth parameters of the Rheometers Market, the growth prospects of the market are obtained with maximum precision.

The growth of Rheometers Market is driven by increasing demand from various end use industries such as polymer & rubber, pharmaceutical, food & beverages, building & construction material, petrochemical industries and others. Rheometer adoption is increasing across the food industry. In food industries, versatile models and extremely precise rheometers are now becoming common to increase the efficiency of production line.

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Rheometers Market by Category

By Equipment Type:

Capillary Rheometers
Oscillatory Rheometers
Rotational Rheometers

By Sales Channel:

Offline
Online

By End User:

Industrial
- Pharmaceutical
- Industrial Oils and Lubricants
- Paints & Coating
- Food & Beverages
- Petrochemicals
- Cosmetics
- Polymers & Rubber
- Others (Research & Academician and Building & Construction Materials)
Testing & certification Agencies

By Region:

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

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Ultrasonic Pulse Velocity Tester Market is likely to garner a CAGR of 7.2% during the forecast period 2027

As per a recent in-depth analysis by Future Market Insights (FMI), demand for ultrasonic pulse velocity testing solutions is steadily increasing, for its application in void and crack detection, non-destructive strength measurement, infrastructure and construction testing, material science and research, homogeneity detection, and elasticity measurements.

Considered as a pre-requisite in the construction industry, to evade any adversities, materials used for building, construction, and manufacturing activities have to undergo laboratory or on-site testing to be deemed fit for any habitation, translating into increased demand for efficient laboratory-grade non-destructive ultrasonic testing solutions for material science research in both, developing and developed nations.

Moreover, with increased focus on reducing the time-to-market (TTM), translating into demand for efficient, low TTM testing equipment, will directly contribute to the global sales revenue of ultrasonic pulse velocity testers. Therefore, growth of the testing equipment market will remain critical to the non-destructive ultrasonic testing market. In addition, ultrasonic pulse velocity testers’ ability to supplement coring thereby allowing cost-effective ameliorated representative evaluation of the concrete strength of the whole structure, will drive its demand further, predicts FMI.

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The demand for ultrasonic pulse velocity testers is anticipated to grow at a stable rate of 5.5 percent, through 2019, reaching a revenue of US$ 470.5 Mn during the same period. While void and crack detection will remain the single largest application, holding over 22 percent market share, in terms of end-user vertical concrete, glass and building materials will witness maximum adoption of ultrasonic pulse velocity testers pumping concentrated revenue, through the assessment period of 2018-2027. The concrete, glass and building materials segment is projected to hold over 18 percent market share in 2023, as per the report on ultrasonic pulse velocity tester market

Representing a steady year-on-year growth, the global ultrasonic pulse velocity tester market is pegged to expand at a rather robust growth rate of 6 percent, through 2027. Rampant growth of the commercial construction and infrastructure sector will prominently escalate the demand for ultrasonic pulse velocity testers at a global level.

However, as significant demand for ultrasonic pulse velocity tester prevails, the report also projects that manufacturers offering ineffective after-sale customer services, translating into eventual transition towards other ultrasonic testing types, could prove to be critical market restrainers.

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Key Players Hold 44% Market Share

The global ultrasonic pulse velocity tester market represents presence of a number of player, with the top participants including Controls S.p.A., Proceq Group, James Instruments Inc., Impact Test Equipment Inc., Humboldt Mfg. Co., holding relatively prominent market share—collectively contributing nearly 44 percent the global revenue share. These market players secure a prominent position in the global ultrasonic pulse velocity testers market owing to their highly diverse product offering portfolios. The overall forward market strategies in the ultrasonic pulse velocity tester market includes:

Key players placing significant importance on expansive product offering and product advancements.
Strategic business relationships and contracts with distributors and suppliers in all the business regions.
Affordable pricing, quality solutions, and services will remain instrumental in growth strategy.

Key Segments

By Application

Non-destructive Strength Measurements
Void and Crack Detection
Homogeneity Detection
Elasticity Measurements
Infrastructure and Construction Testing
Material Science and research
Other Applications

By End Use Vertical

Aerospace and Defence
Chemicals and Petrochemicals
Concrete, Glass and Building Materials
Educational Research
Oil and Gas Refineries
Sewage and Water Treatment Facilities
Construction Engineering, Remodelling and Design

By Transducer Frequency Range

24kHz – 50kHz
Above 50kHz, upto 100kHz
Above 100kHz, upto 150kHz
Above 150kHz

Key Regions

North America
- U.S.
- Canada
Latin America
- Brazil
- Mexico
- Rest of Latin America
Europe
- Germany
- U.K.
- France
- Spain
- Russia
- Rest of Europe
APEJ
- China
- India
- Malaysia
- Singapore
- Australia
- Rest of APEJ
Japan
MEA
- GCC Countries
- Israel
- South Africa
- Rest of MEA

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Ultrasonic Pulse velocity Tester Market: Regional Insights

Developing markets including South East Asia Pacific and, also Middle East Africa, are likely to offer significant growth prospects to key manufacturers of ultrasonic pulse velocity testers, considering large scale development of infrastructural projects in the regions, including commercial building and residential areas.
North America will occupy a dominant position in the global ultrasonic pulse velocity testers market, owing to high to medium presence of manufacturers in the region.
Infrastructural upgrades such as educational institutions in regions like Brazil and China, is expected to create attractive opportunities for ultrasonic pulse velocity testers manufacturers.

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