Market Research Blog – Page 10745 – New Product Development

North American Region Holds The Second Position In The Safety Limit Switches Market Share With Growing Economies | 2022-2032

The safety limit switches market share is anticipated to rise to US$ 1.8 Billion in 2022. The revision knee replacement market is estimated to reach US$ 3.3 Billion with a CAGR of 6.1% by 2032.

The North American region holds the second position in the safety limit switches market share with growing economies. North America acquires 17% of the share all around the region as per the safety limit switches market survey. Due to increasing industrialization, ageing infrastructure, and the adoption of new advanced safety systems in industries, the North American safety limit switches market share is increased.

The demand for safety limit switches is rising as it is an electromechanical device used as a sensor that works with mechanical operation. It detects the presence/ absence of abnormal activities with a sensor monitoring control system which is anticipated to increase the safety limit switches market growth.

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The adoption of safety limit switches helps to perform safely and clearly without any dangerous process. Safety limit switches are tuff, and rugged, with some sort of knob, a lever, and a plunger which is likely to rise the safety limit switches market demand analysis.

Safety Limit Switches Market Overview

A safety limit switch is an electromechanical device used as a sensor, it works with mechanical operation. It detects the presence/ absence of abnormal activities of machines or equipment like a sensor monitoring as a control system.

Limit switches are tuff, rugged, some sort of knob, a lever, plunger, etc., some limit switches operate mechanically and activated by making contact actuating with an object. Variety of switches are available such as limit switches, light sensors, proximity sensors.

Safety limit switches are used for detecting the abnormal activity of a machinery, counting, detecting position and limit, these are used as an assortment of various applications in industries. Limit switches of high accuracy, precision, and repeatability can withstand any environment.

These are corrosion-resistant and can be operated in defense against environmental contaminant, with dependable operation and long lasting performance. Safety limit switches come with DC 24 Volts, the 24V DC micro connector light indicator option is available with pre-wired, factory sealed, and also submersible features.

Safety limit switches are highly used in industrial applications such as packaging, garage, fire safety, food and beverages, industrial applications such as wood cutting industry. Wood cutting is difficult in a closed room, due to dust surrounded in the air hindering clear visibility, when the machine is running with high-speed surrounded by dust, even breathing also not possible often time’s wood cutting accuracy is not achieved. Safety limit switches used in industries to inspect the machine automatically to cut the accurate desired dimension of the wood.

Safety Limit switches used in manufacturing industries limit switch consists of a lever which is of three contact models medium-duty limit switch, heavy-duty limit switch and, safety locking and unlocking styles. In order to close the doors for safety reasons due to any abnormal conditions; such as fire accident or in the hazardous environment to protect personnel and monitoring the equipment; limit switches detect the fire and shut the doors for safety. Safety limit switches can be pulled mechanically by a lever or knob to close the door when the knob hits it switches a lever thus closes the door mechanically.

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Europe holds the highest market share due to more number of industries and increasing concern about government regulation towards equipment safety. In Asia Pacific region, developing countries like India, China and other growing economies hold the second highest market share due to increasing industrialization aging infrastructure and adopting new advanced safety systems in industries. North America holds the significant markets share the growth is because of industries/verticals present in the region and followed by Latin America and MEA.

Key Segments

By Product Type:

Compact limit switches
Precision limit switches
Enclosed limit switches
Limit switches for elevators
Plastic switches
Metal switches

By Technology:

Analogue
Open Bus

By End-Use:

Manufacturing
Fire and Safety
Oil & Gas
Food and Beverages
Power Generation
Metal and Mining
Others

By Regions:

North America
Europe
Asia Pacific
Latin America
South Africa

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Europe Is Growth Opportunities For Laser Welding Is Expected To Reach At A Significant Share Of 30% In 2022 | FMI

Global Laser Welding’ demand is anticipated to be valued at US$ 2,758.3 Million in 2022, forecast to grow at a CAGR of 6.9% to be valued at US$ 5,387.0 Million from 2022 to 2032. Growth is attributed to the growing momentum towards the generation of energy through renewable sources.

According to Future Market Insights, Europe is expected to hold lucrative growth opportunities for Laser Welding, and is expected to reach at a significant share of 30% in 2022.

Europe is expected to witness a significant market growth, owing to the well-established automotive sector in countries like Germany, Spain, France, and others, which is expected to act as an engine for the market growth in the region. Technological advancement in the region is the supporting factor for the market.

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Laser Beam Welding is a joining technique that uses heat generated by highly concentrated laser beams to join two or more similar materials. Metals are the most commonly used materials in these welding techniques, but plastic materials have also found use in the laser beam welding process.

Laser beam welding is extremely useful for welding small parts because it produces minimal residue and thermal distortion. Laser beam welding is being used in a variety of industrial applications because it can be fully automated and achieve high welding speeds.

The growth of the market is majorly driven by the increasing demand from several end-user industries such as automotive, medical, electronics, etc., across the world.

Furthermore, the market is also driven by the growing demand for the fabricated metal products, development of heavy industrial equipment, advancement in the manufacturing processes, and adoption of latest technologies. Additionally, the demand for automated equipment is also increasing due to the shortage of skilled personnel in some of the regions studied.

Factors such as increasing utilization in the manufacture of wind turbines is expected to boost the growth of the Laser Welding market in the near future.

On the other hand, high power requirement and automation is one of the major factors that is expected to hamper the growth of Laser Welding Market over the analysis period.

The growing momentum towards the generation of energy through renewable sources is expected to propel the growth of the Laser Welding Market over the analysis period. The electronics industry also utilizes this process as the manufacturers within this industry constantly deal with the fabrication of minute electronic components, such as circuit boards, transistors and integrated circuits.

The laser beam welding process is being steadily adopted in the automotive industry wherein around 20% of the welding operations are performed through laser beam welding equipment, this percentage is expected to rise even further in the upcoming years due to improvements observed in the overall productivity, quality and weld strength.

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Automotive parts, such as engine components, solenoids, alternators, fuel filters and injectors, among others, have been increasingly manufactured through the laser beam welding process. Another factor influencing the growth of laser beam welding equipment market is its increasing utilization in the manufacture of wind turbines. All these factors are expected to boost the growth of the Laser Welding Market during the forecast period.

Key Segments Profiled In The Laser Welding Industry Survey

Laser Welding Market By Product Type:

Carbon Dioxide Laser (CO2) Welding Machine
Fibre Laser Welding
Solid-State Laser Welding
Others

Laser Welding Market By End-Use Industry:

Laser Welding for Energy Industry
Laser Welding for Transportation Industry
Laser Welding for Aerospace Industry
Laser Welding for Communications Industry
Laser Welding for Metal Fabrication Industry
Laser Welding for Automotive Industry
Laser Welding for Electronics Industry
Others

Laser Welding Market By Application:

Laser Welding for Spot and Seam Welding
Laser Welding for Laser Deposit Welding
Laser Welding for Scanner Welding
Laser Welding for Tube Welding
Laser Welding for Profile Welding

Laser Welding Market By Region:

North America Laser Welding Market
Latin America Laser Welding Market
Europe Laser Welding Market
Asia Pacific Laser Welding Market
Middle East & Africa Laser Welding Market

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Spark Plug Accessories market: Gross Margin, Cost, and Revenue Forecasts for 2022-2032 | Lectric Limited, ACDelco, NGK Spark Plugs

Spark Plug Accessories is a necessary component for all gasoline driven vehicles used in the fuel ignition system. Spark plug generates an electric spark which ignites the air fuel mixture present inside the combustion chamber. Spark plug accessories includes boots, wires, caps, ignition coils, thumb nuts and socket. In two wheelers only one spark is used in the engine more commonly. However, motorcycles with DTSI (Digital Twin Spark Ignition) engine technology are gaining significant traction across the globe. In four wheelers the number of spark plugs per vehicle depend on the number of cylinder used in the engine. Owing to increasing automotive production and fleet, the demand for Spark Plug Accessories is estimated to increase at a significant pace. This, in turn, is expected contribute to the growing market of Spark Plug Accessories across the globe.

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Spark Plug Accessories Market: Dynamics

The sales of Spark Plug Accessories is directly or indirectly dependent on the production and fleet of automotive and motorcycles. Growing demand for passenger cars in several developing countries is estimated to propel the demand for spark plug accessories during the forecast period. Spark plug accessories have a short operational life due to extreme conditions in which they operate. These plugs usually need to be replaced frequently, as worn out plugs can cause high fuel consumption due to incomplete combustion of fuel, poor starting, and poor acceleration during high speed driving. There is no set time frame for replacement of spark plug accessories. However, the recommended replacement time for conventional spark plug is at a mileage of every 30,000 to 45,000 miles. This in turn is estimated to fuel the demand for spark plug accessories in the aftermarket sales channel segment.

Spark Plug Accessories Market: Regional Outlook

Spark Plug Accessories market depends upon the performance and sales of end use applications such as passenger cars, light commercial vehicles, heavy commercial vehicle and two wheelers across all the regions, Asia Pacific, North America and Western Europe owing to have significant production rate for automotive industry, will draw the major market share in the current and upcoming years. The potential of the market in Middle East and Africa, Latin America and Eastern Europe region will be on the slowest side from all the others region due to low manufacturing activities in the automotive sector and lack of reliable, robust supply chain

Spark Plug Accessories Market: Key Participants

Examples of some of the market participants identified across the value chain of the global Spark Plug Accessories market include:

Lectric Limited
ACDelco
Federal-Mogul Motorparts LLC (Champions Auto Parts)
Holley Performance Products
NGK Spark Plugs
Pertronix Ignition Products
Taylor Cable Products, Inc.

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Regional analysis includes:

North America (U.S., Canada)
Latin America (Mexico, Brazil)
Europe (Germany, Italy, France, U.K, Spain, Russia)
South Asia (India, Indonesia, Thailand)
East Asia (China, Japan, South Korea,)
Oceania (Australia & New Zealand)
Middle East and Africa (GCC Countries, South Africa, Northern Africa)

Spark Plug Accessories Market: Segment

The global Spark Plug Accessories market has been segmented By Product Type, By Vehicle Type, By Sales Channel, and by End Use Industries

On the basis of Product Type, the global Spark Plug Accessories market has been segmented as:

Spark Plug Boot
Spark Plug Wire
Spark Plug Cap
Ignition Coil
Thumb Nuts
Spark Plug Socket

On the basis of Vehicle Type, the global Spark Plug Accessories market has been segmented as:

Automotive Spark Plug Accessories
Passenger Cars
Compact Cars
Mid-Sized Cars
SUVs
Luxury Cars
Light Commercial Vehicles
Heavy Commercial Vehicles

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On the basis of Sales Channel, the global Spark Plug Accessories market has been segmented as:

OEM (Original Equipment Manufacturer)
Aftermarket

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UV Stabilized Films Market is Set to Rise From A Valuation Of US$ 32.7 Bn In 2022 To US$ 46.8 Bn By The End Of 2029

The UV stabilized films market, in its as of late distributed report named, ‘UV Stabilized Films Market: Global Industry Analysis 2014-2018 and Opportunity Assessment 2022-2029’.

As far as income, the worldwide UV stabilized films market is projected to extend at a worth CAGR of more than 5% during the gauge time frame, attributable to various elements, in regards to which, FMI offers careful experiences and estimates in this report.

The worldwide UV stabilized films market has been divided based on item type, material sort, thickness, innovation, application, and end-use industry. The worldwide UV stabilized films market is expected to extend 1.7x as far as market esteem toward the finish of 2029.

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Expanding at a CAGR of 5.1% from 2022 to 2029, the global UV stabilized films market is set to rise from a valuation of US$ 32.7 Bn in 2022 to US$ 46.8 Bn by the end of 2029.

Non-bundling Applications Account for Multiple Revenue Generation Channels

An UV stabilized film is a multi-facet film that ingests, disperses, or reflects bright radiations and shields items from noticeable light debasement. UV stabilized films are utilized for bundling and non-bundling end-use businesses in different applications like printing, cover, modern, and bundling applications. Makers working in the UV stabilized films market offer these films in thickness ranges like up to 20 microns, 20 to 40 micron, 40 to 50 micron, and 50 microns and above. Advancements utilized for UV stabilized film producing are attachment overlay and co-expulsion covering. UV stabilized films are getting momentum in adaptable bundling applications for saving newness, variety, and improving the stylish appearance of bundled items. Alongside this, UV stabilized films increment the time span of usability of the items.

Market Attractiveness of South & East Asia Remains Intact

As indicated by the regional analysis of market, East Asia is expected to account for nearly one-third of the total market value share in the global UV stabilized films market by the end of 2029 and is anticipated to expand at a value CAGR of over 7% during the forecast period.

India is one of the leading contributors of UV stabilized films in the East Asian UV stabilized films market, which was valued more than US$ 700 Mn in 2018. Key players in the South Asian market such as Uflex Ltd., Jindal Poly Films, and others are expanding their production to cater to the increasing demand for UV stabilized films in the global market. The South Asian market is anticipated to expand at a substantial growth rate during the forecast period.

The total incremental opportunity represented by East Asia is relatively high as compared to other regions in the global UV stabilized market. The burgeoning demand for UV stabilized films from the building & construction industry is expected to further boost the sales of UV stabilized films in the region. After the East Asian region, Europe is another attractive market for UV stabilized films.

This is attributed to the presence of well-established players in the region, which suffice the rising demand for UV stabilized films. The European market is expected to expand 1.4x of its current value by the end of the forecast period.

China is anticipated to expand at a value CAGR of over 8% during the period 2019-2029. Thailand and Indonesia are expected to represent cumulative incremental opportunity of approximately US$ 0.35 Bn by the end of 2023. The South Asian UV stabilized films market by non-packaging end-use industry is estimated to be valued nearly US$ 1.3 Bn by the end of 2019, and is projected to expand at a CAGR of above 7% during the forecast period.

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Company profiles of key market participants that have been profiled in the report on the UV stabilized films market include Uflex Ltd., Mitsubishi Polyester Film, Inc., Toray Plastics (America). Inc., DuPont Teijin Films U.S. Limited, Polyplex Corporation Ltd., Terphane LLC, Toyobo Co., Ltd., Ester Industries Ltd., RKW SE, Sigma Stretch Film Corp., Coveme Spa, Kolon Industries, Inc., Elif Plastik Amb. San. Tic. A.Ş, Group Michiels Advanced Materials, Walco Corporation, Vampire Optical Coatings, Inc., Custom Extrusion Technologies, Inc., Arid Agritec Ltd, FVG Folien-Vertriebs GmbH, and Kangde Xin Composite Material Group Co., Ltd. (KDX).

COVID-19 Impact Analysis

In the first quarter of 2020, the world was plagued with a new pandemic, and coronavirus infections spread rampantly across the world. This was a pandemic of proportions that was never expected and came as a shock to the world economy, which took a major hit in the year 2020.

Markets crumbled and business activity across the globe was hampered due to lockdown mandates that restricted crucial activities. The world almost came to a standstill, and majorly, manufacturing facilities were shut down due to lack of availability of raw materials and the absence of workers.

Sales of UV stabilized films saw a drop in 2020 as manufacturing was restricted for a large amount of time, and disruptions in the supply chains also created a demand and supply gap that resulted in a negative impact on the market.

However, as the world bounces back to normalcy in the post-pandemic era and business activities return to normal operating procedures, shipments of UV stabilized films are expected to see a rise at a steady pace.

Consumption of UV stabilized films is also expected to increase as the production capacity of manufacturing facilities is further bolstered to recover the losses suffered by UV stabilized film companies during the initial phase of the pandemic.

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Key Segments of UV Stabilized Films Industry Survey

UV Stabilized Films Market by Product Type:

Optical Films
- Retardation Films
- TAC Films
Adhesive Films
- Diffuser Films
- Anti-reflection Films
- Dicing Films
- Pressure-sensitive Films
Conductive Films
- Anisotropic
- Transparent
Others

UV Stabilized Films Market by Material:

Plastic UV Stabilized Films
- PET
- PVC
- PE
- Others (PC, PP)
Metal UV Stabilized Films
- Aluminium
- Steel

UV Stabilized Films Market by Thickness:

Up to 20 Micron UV Stabilized Films
20 to 40 Micron UV Stabilized Films
40 to 50 Micron UV Stabilized Films
50 Micron & Above UV Stabilized Films

UV Stabilized Films Market by Technology:

Adhesion Lamination
Co-extrusion Coating/Lamination

UV Stabilized Films Market by Application:

UV Stabilized Films for Printing
UV Stabilized Films for Lamination
UV Stabilized Films for Industrial Use
- Fiber Reinforced Panels
- Greenhouse Films
- Electrical Insulation
UV Stabilized Films for Packaging
- Outdoor Labels
- Wrapping Films

UV Stabilized Films Market by End-use Industry:

Non-Packaging UV Stabilized Films
- UV Stabilized Films for Building & Construction
- UV Stabilized Films for Agriculture
- UV Stabilized Films for Automotive
- UV Stabilized Films for Printing
- UV Stabilized Films for Electrical &Electronics
Packaging UV Stabilized Films
- UV Stabilized Films for Food
  - Meat, Poultry & Seafood
  - Oils
  - Dry Fruits
  - Dairy Products
  - Other UV-sensitive Products
UV Stabilized Films for Chemicals
UV Stabilized Films for Pharmaceuticals

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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:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
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Demand For Industrial Water Cooling Systems In The Current Scenario And Is Likely To Improve At A Healthy Rate In The Upcoming Years | FMI

The global industrial water cooling system market is likely to garner a market value of US$ 1,673.1 Million in 2022, expected to reach US$ 2,648 Million by registering a CAGR of 4.7% in the forecast period 2022-2032. Growth of the industrial water cooling system market can be attributed to the increasing need for water cooling systems in end user industries such as food & beverage and pharmaceutical industry.

In almost every industrial sector, including manufacturing, power generation, and petrochemicals, water is the primary chemical compound used. These industries use water for processing, fabrication, cooling, dilution, product transportation, cleaning, and as a medium for heat exchange.

Water must be cooled down to the ideal working temperature before it can be recycled and used again for a variety of industrial processes. These processes make water unclean and raise its temperature. When it comes to water cooling in industries, industrial water cooling systems come into play. These industries use a variety of techniques, including heat exchangers, large cooling towers, and industrial-scale chillers.

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The increase in the rate of industrialization across the globe coupled with utilization of water for numerous industrial processes have led to an improved demand for industrial water cooling system in the current scenario and is likely to improve at a healthy rate in the upcoming years.

Industrial Water Cooling System Market: Dynamics

According to estimates published by the World Business Council for Sustainable Development (WBCSD), about 22% of the available water is used for industrial purposes with developed countries utilizing over 55% of water, while the lesser developed countries using around 7% only. In terms of water volume, it is estimated that 1,170 cubic kilometres of water will be used up for industrial purposes by the year 2025.

This enormous exploitation of water in the industries is likely to shape the market of industrial water cooling system in the future positively. Initiatives imposed to reduce water wastage and changing environmental regulations around the globe have put an onus on the manufacturing companies to revamp their infrastructure to house newer systems and processes with efficient machineries and also to reuse the spent water for other processes driving the growth of industrial water cooling system market in an upward trend.

Though the market of industrial water cooling system is expected to improve in the forthcoming years, it will be facing a number of challenges in order to sustain at a healthy pace, which includes the availability of large quantity of freshwater.

Installation of industries within the proximity of ground or surface water resources is also another challenge, as exploitation of such water bodies for industrial purposes is looked down upon by the general public leading to restricted usage of water for cooling purposes.

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Industrial Water Cooling System Market Segmentation

Industrial Water Cooling SystemMarket can be segmented as follows;

By Product type, the Industrial Water Cooling System can be segmented as:

Dry Cooling
Natural Draft Cooling Towers
Mechanical Draft Cooling Towers
Wet Cooling
Condensers
Hybrid Cooling
Water Chillers
Heat Exchangers

By Applications, the Industrial Water Cooling System market can be segmented as:

Petrochemicals
Pharmaceuticals
Power Generation Plants
Metal Working
Food and Beverage
Automotive

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Market For Industrial Power Monitoring System Is Likely To Flourish At A CAGR Of 4.2% From 2022-2032

Expected to reach US$ 4,318.6 Million by 2022-end, the market for industrial power monitoring system is likely to flourish at a CAGR of 4.2% from 2022-2032. By the end of the said forecast period, the industrial power monitoring system market is poised to be valued at US$ 6,534.7 Million. The growth is attributed to the increasing emphasis on efficient use of power resources, mounting attention to decreasing costs, and increasing the reliability of electrical infrastructure.

It delivers detailed information required to prevent tripped circuits, diagnose power problems and balance loads. They are energy efficient as they understand total power usage of the data center or the facility, and use that information to maintain sever utilization, UPS efficiency and more.

Industrial Power Monitoring Systems also track the power consumption of an industry to calculate utility bill for the energy being used by the facility. The related data can be lost or corrupted If Power fluctuates even for a second. A momentarily disturbance can trigger a damage that requires hours of data recovery time.

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Industrial power monitoring systems can manage or remotely control an enterprise wide network of many UPSs or provide power protection to complete infrastructure. It provides near real time or real time condition of power throughout the industry, monitors UPSs, notify automatically if there is any device failure, conduct orderly unattended shutdowns and selectively shut downs non critical systems. Power Monitoring Systems are generally used in Healthcare institutions, electronic industry, telecommunication, governmental and financial organizations.

Also, can cause malfunction in crucial servers and processes and can damage sensitive components. Industrial Power monitoring systems supports the ability to monitor status of power distribution, backup power system and power quality involved in core operations and utilities.

Regional Outlook

Western Europe and United states owns a lion’s share in Industrial Power Monitoring systems supported by penalty based environmental regulations and high awareness of economic energy conservation. Technological modernization of Industrial Sectors in Mid East Africa and Asia Pacific contributes to Industrial power Monitoring System market and has potential to see sizable growth in future as well.

Regional analysis includes:

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

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

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Industrial Power Monitoring System Market: Dynamics

Global Industrial Power monitoring systems Market has been driven by increasing adoption of voluntary or mandatory energy management systems & widespread environmental regulations against energy wastage. Industrial power monitoring systems ability to communicate and monitor the components of power distribution from anyplace and anytime to avoid these critical loses resulting in high demand of Industrial Power monitoring systems.

Industrial Power monitoring systems are projected to find a high scope of application in some particular sectors like telecommunication (for remote monitoring and notification), healthcare, governmental and financial organization where data is sensitive and require trouble free operations.

Industrial power monitoring systems have gradually gained interest of electronic and manufacturing industries as they help in efficient utilization of power resources, reduce energy costs, and maximizing the reliability of electrical infrastructure; nevertheless, its implementation and adaption arises with barriers and challenges like initial high investment cost, shortage of skilled resources. Also, hidden cost and longer payback period is hindering the market of Industrial Power Monitoring System.

The report covers exhaust analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

Key Players

ABB Ltd
CISCO System
Emerson Electric Company
Eaton Corporation PLC
EnerNOC, Inc.
General Electric Company
Honeywell International, Inc.
Rockwell Automation
Schneider Electric SE
Siemens AG

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

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Demand For The Plastic Extrusion Machine Market Is Said To Be Constantly High During Forecast Period 2022-2032

The global plastic extrusion machine market is projected to reach US$ 6,793.9 million in 2022. Based on the report, sales of plastic extrusion machines are expected to have a CAGR of 4.70% and to reach an evaluation of US$ 10,754.4 million by 2032. The prominent advantage of the plastic extrusion machine process is that the plastic can be given any complex shape and molded into any design without the appearance of any cracks or im.perfections as the plastic encounters only shear and compressive stresses.

That apart, the process also helps in manufacturing parts and components with excellent surface finish. The extruder machine contains a barrel and screw, heaters, die and screw drives. The extrusion machine works on the application of two conditions pressure.

Plastic extrusion is used for the manufacturing of plastic products, such as weather-striping lines, pipes, tubes, deck railings, plastic films, window frames, plastic sheets, wire insulations and thermoplastic coatings.Extrusion is a process used for the creation of fixed cross-sectional profiles.

Materials, such as plastic or thermoplastic, are pressed through a die of desired shape and cross-section. Plastic extrusion is a manufacturing process using which high volumes of plastic material is manufactured and produced to form a continuous profile.

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Additionally, the mixing action of the plastic compound through the shearing action is facilitated by the extruder screw. The plastic extrusion process is used for the manufacturing of plastic tires and belt conveyors in the global market. Extrusion machines can be used for the manufacturing of several materials from thermoplastic plastic, thermoplastic and natural plastic. The cross-sectional shapes or profiles, such as cord, rectangles, squares and triangular shapes and hollow sections of the aforementioned profiles can be easily manufactured using plastic extrusion machines.

Market Dynamics: Plastic Extrusion Machine Global Market

The Plastic extrusion machine market is estimated to gain traction in the market over the forecast period owing to significant drivers, such as significant innovation processing technologies and introduction of new and novel plastic products in the global market.

However, there are other factors which are also expected to drive the demand for plastic extrusion machines, such as the growing piping industries and manufacturing sector in emerging and developed regions, increasing awareness about the benefits of plastic extrusion machine, growing consumer consciousness about environment-friendly equipment and other comforts. Manufacturers have strong opportunity to introduce innovative plastic products which are being manufactured to meet transitioning consumer demand for fuel effective & high-performance lightweight vehicles.

Automotive, oil & gas and construction industries are expected to fuel the demand for plastic extrusion machines during the forecast period. This trend in the plastic extrusion machine market is estimated to increase owing to the growing automotive industries, rising population across the world and growing spending on infrastructure. Currently, major manufacturers in the plastic extrusion machine market which have extensive presence globally dominate the market with their extensive distribution network along with their innovative product portfolio, which is a key driving factor for the growth of the global plastic extrusion machine market.

Also, growing consumer preference towards less carbon emission control vehicles has encouraged manufacturers to achieve minimum fuel efficiency and to continue this, manufacturers have tied up with OEMs to develop specific products for automobiles which are light in weight. Lack of awareness about the advantages of plastic extrusion machine systems may act as a restraint for the global Plastic Extrusion Machine system market.

Regional Outlook: Plastic Extrusion Machine Global Market

Rising automotive sector in APAC and Europe is expected to grow with healthy CAGR over the forecast period. European countries, such as Germany and Russia, are expected to gain traction during the forecast period. Stringent emission regulations are increasing the demand for plastic products in interior materials in all the vehicle types across the globe.

People in Europe, North America and the Middle East live a luxurious lifestyle. This coupled with higher standard of living and high disposable incomes has led to a growth in the application of plastic products in all end use industries, such as automotive and footwear, which is in turn estimated to propel the demand for global Plastic extrusion machines. People have developed a liking towards comfortable and smooth plastic products and thus, the market is expected see rapid growth in all developed and developing countries in the future.

Developing markets in the APEJ region, especially China and India, are estimated to play a significant role in the growth of the Plastic extrusion machines in coming future. In countries, such as India and China, manufacturing industries are growing at a good pace and hence, there is humungous growth potential for plastic extrusion machines in the near future.

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Key Market players: Plastic Extrusion Machine Global Market

Some of the key players in the polyurethanes additives market are:

Apex Engineers
Reifenhauserindia
Shyam Plastic Machinery
KraussMaffei Berstorff
Extrusion Technik USA, Inc.
TROESTER GmbH & Co. KG
Well Shyang Machinery (WSM)
W. Brabender Instruments Inc.
MITSUBA MFG. CO., LTD.
DEGUMA-SCHÜTZ GmbH

Market Segmentation: Plastic Extrusion Machine Global Market

The Plastic Extrusion Machine market is segmented on the basis of product type, material component and end use.

On the basis of product type, the plastic extrusion machine market is segmented into:

Single screw extrusion
Twin screw extrusion

On the basis of material, the plastic extrusion machine market is segmented into:

PVC
PP
PE
Others

On the basis of component, the plastic extrusion machine market is segmented into:

Screw Drives
Heaters
Dies
Blown film extrusion
Sheet/film extrusion
Tubing extrusion
Co-extrusion
Extrusion coating
Others

On the basis of end use, the plastic extrusion machine market is segmented into:

Automotive
Oil & Gas
Consumer Goods
Packaging
Others

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Helicopter Wheels Market Growth, Production, Suppliers, Forecast Report 2032 – CAGR of 7.2%

In Helicopters, there are mainly two types of landing gears that includes Wheels and Skids. Skids are used with smaller sized helicopter, where light weight of the helicopter is required. Conversely, wheels are used with larger and powerful helicopters. Helicopter wheels provide significant forwards speed which skids cannot. Another advantage for helicopter wheels is that wheels can taxi without flying which is considered to be a safer option during engine failure. Owing to several benefits including better ground handling, higher load carrying capacity, provides rolling landing and take-offs and others, the demand for Helicopter Wheels is estimated to increase at a significant pace. This, in turn, may contribute to the growing market of Helicopter Wheels across the globe during the forecast period.

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Helicopter Wheels Market: Dynamics

As the growing number of air passenger is paving the way for the demand for new Helicopters, the continuous rise in air passenger growth is estimated to be the key factor driving the growth of the global Helicopter Wheels market where the sales of Helicopter Wheels is directly proportional to the sales and fleet of Helicopters. Rising demand for new Helicopters will drive the demand for Helicopter Wheels in First Fit Assembly segment during the forecast period. Increasing deliveries of helicopters is substantially contributing to the global Helicopter fleet size. With rising number of Helicopters in use, the demand for repair, service and maintenance of various components, parts and systems including wheels is estimated to significantly drive the Retro fit assembly segment of global Helicopter Wheels market during the forecast period.

Helicopter Wheels Market: Key Participants

There are limited number of manufacturers operating in the Helicopter Wheels market. Examples of some of the market participants identified across the value chain of the global Helicopter Wheels market include:

Aero Wheel and Brake Service Corporation

Safron Group
Collins Aerospace
Beringer Aero
Honeywell Aerospace

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The report covers exhaustive analysis on:

Helicopter Wheels Market Segments
Helicopter Wheels Market Dynamics
Helicopter Wheels Market Size
Helicopter Wheels Supply & Demand
Helicopter Wheels Current Trends/Issues/Challenges
Helicopter Wheels Competition & Companies involved
Helicopter Wheels Technology
Helicopter Wheels Value Chain

Regional analysis includes:

North America (U.S., Canada)
Latin America (Mexico, Brazil)
Europe (Germany, Italy, France, U.K, Spain, Russia)
South Asia (India, Indonesia, Thailand)
East Asia (China, Japan, South Korea,)
Oceania (Australia & New Zealand)
Middle East and Africa (GCC Countries, South Africa, Northern Africa)

Helicopter Wheels Market: Segment

The global Helicopter Wheels market has been segmented by Wheel Type, Helicopter Type, by Assembly Type

On the basis of Wheel Type, the global Helicopter Wheels market has been segmented as:

Single Wheel
Dual Wheel
Pod / Basket Wheel
Clipper Wheel

By type of Helicopter, the global Helicopter Wheels market is segmented into

Civil
Military
Commercial
Energy
Executive/VIP Transport
Law Enforcement
Helicopter Air Ambulance
Parapublic

On the basis of Assembly Type, the global Helicopter Wheels market has been segmented as:

Line Fit Helicopter Wheels
Retro Fit Helicopter Wheels

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Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current, and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth

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Sales Of Fire Hydrant Systems Are Expected To Grow At A CAGR Of 3.2%, To Be Valued At US$ 1,846.3 Million | FMI

The global fire hydrant system market is forecasted to be valued at US$ 1,344.2 Million in 2022. During the forecast period ranging from 2022-2032, sales of Fire Hydrant Systems are expected to grow at a CAGR of 3.2%, to be valued at US$ 1,846.3 Million.

Because of increased service expectations from industrial and commercial clients, the global market for fire hydrant systems is expanding. Governments around the world have chosen to enforce strict fire safety regulations, resulting in an increase in demand for fire hydrant systems.

With the expanding population of APAC nations, an increasing number of factories, hospitals, commercial complexes, and residential structures are likely to be developed during the next several years. This undoubtedly points to the region’s overwhelming demand for fire hydrant systems.

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Because of the tight consequences for installing fire hydrant systems in enterprises and organizations, the market for such safety systems has a lot of potential in the near future. The Startup India initiative in India has resulted in an increase in the number of startups, which will undoubtedly need the incorporation of more fire safety equipment in the future years.

Furthermore, owing to the adoption of higher safety practices, an increase in commercial places such as shopping malls and offices, and large piping systems covering longer distances in countries such as China, India, Japan, and other Southeast Asian countries, the market in Asia Pacific is expected to expand at a significant rate during the forecast period.

The global market for fire hydrant systems is expected to grow at a reasonable rate in the coming years. The adoption of smart nodes or wireless sensors is the primary trend in the fire hydrant systems market. The latest market trend is to use less water more efficiently. Wireless sensors, also known as smart nodes, are used in fire hydrant systems to achieve such efficiency because maintenance is less expensive and the action is lightning fast.

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Market Competition

During the forecast period, major players in the worldwide fire hydrant market are projected to confront severe rivalry. Companies are also pursuing mergers and acquisitions in order to improve their performance and outcomes. The following companies are major participants in the worldwide fire hydrant market:

Tyco Fire Products
K.B. Building Solutions
ZedEx Fire Services
Fire Hydrant Systems Pty Ltd
Akash Uni Safe Equipment
Waterous
Smith & Sharks
Minimax
Naffco
Kennedy Valve
Angus Fire
Rapidrop

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Key Segments Profiled in the Fire Hydrant Systems Industry Survey

Fire Hydrant Systems Market by Product Type:

Wet Barrel Fire Hydrant Systems
Dry Barrel Fire Hydrant Systems

Fire Hydrant Systems Market by Operation:

Diesel-operated Fire Hydrant Systems
Electric-operated Fire Hydrant Systems
Hybrid-operated Fire Hydrant Systems (Diesel/Electric)

Fire Hydrant Systems Market by End Users:

Fire Hydrant Systems for Industrial Use
Fire Hydrant Systems for Commercial Use

Fire Hydrant Systems Market by Region:

North America Fire Hydrant Systems Market
Latin America Fire Hydrant Systems Market
Europe Fire Hydrant Systems Market
Asia-Pacific Fire Hydrant Systems Market
Middle East and Africa Fire Hydrant Systems Market

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Portable Metal Detector Market Share Is Mainly Dominated By The Europe Region Is Anticipated To Acquire 32% | FMI

The portable metal detectors market is anticipated to rise to US$ 1210 million in 2022 and likely to reach US$ 2667 million by 2032, with a CAGR of 8.3% during the forecast period from 2022 to 2032.

Security wands are portable, battery-operated, lightweight gadgets that are frequently used to find hidden objects.

Market trends for portable metal detectors, such as finding metal buried underground or concealed inside of objects, are propelling market expansion. It is anticipated that the use of these tools by traffic police, MIA subdivisions, customs, and nearby security installations will increase the statistics for portable metal detectors.

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The demand for portable metal detectors devices is increasing because they provide security professionals and law enforcement personnel with a low-cost and efficient way of screening people seeking entry into a variety of locations, including government buildings, airports, military installations, prisons, sporting events, concert venues, and others.

The portable metal detectors market growth is mainly driven by increasing government investments in security in government institutions, within the transportation industry, such as airports, railways, etc. As well, the adoption of portable metal detectors is also rising in the private & residential places where security is a prime concern. Moreover, increasing investments in infrastructural development all over the world and rising concerns regarding security will increase the demand for portable metal detectors in the near future.

Additionally, the public is becoming aware of the importance of security equipment, which is likely to increase the sales of portable metal detectors, as they are being used in apartments, residential buildings, townships, etc. to ensure the safety of the residents.

Recent Developments in the Portable Metal Detectors Market are:

The various key industries are investing in R&D to develop their new innovative skills in the portable metal detectors market. The manufacturing industries improved multi-zone detection, algorithms and multi-zone detection recently through R&D.
The new RoadRunner explosives trace detector (ETD) for airport passenger and luggage security screening was introduced by Bruker Corporation in November 2021. The RoadRunner is an ETD that delivers strong detection performance of ion mobility spectrometry (IMS) in a user-friendly portable device, as well as quick and accurate screening capabilities.

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Key Segments

By Type: