Laser Marking Machines Is Anticipated To Have A Positive Impact On Consumers Decisions -FMI

Industrial and manufacturing sectors demand cutting-edge and reliable equipment for production processes. One type of equipment that is rapidly becoming indispensable to many industries, is laser marking machines market and systems. Laser marking machines offer permanent, faster and accurate marking and engraving solutions for metals and non-metal units.

Laser marking machine utilizes various lasers for the marking, etching, and engraving of numerous products and materials for a diverse range of applications. Several industries utilize the machine to mark serial numbers, component labeling, date codes, barcodes, and individual part numbers.

Moreover, laser marking machines are popular in the medical industry for titanium and stainless steel parts, though laser marking can be performed on other materials as well.

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Among laser marking machines, fiber lasers are hastily gaining popularity in various industrial applications owing to excellent beam quality, superior reliability and high efficiency. The laser marking machines are employed predominantly in electronics & semiconductor industry for the laser marking of silicon wafers, and PCBs to facilitate traceability.

Requisite of high initial investment and robust infrastructure play a vital role in the further growth in the global laser marking machines market.

Additionally, substantial growth is expected to witness by the laser marking machines market. Consequently, global study of laser marking machines become an important read for the companies to develop new strategies in this lucrative market.

Global Laser Marking Machines Market: Market Dynamics

Various price ranges of laser marking machines available in the market are expected to create a positive influence on the purchasing behavior of customers. Furthermore, product development which includes portable laser marking machine is anticipated to augment the growth over the forecast period.

Also, the lack of alternative technologies for laser marking machines is foreseen to aid an impetus to the pace of laser marking machines market in the coming years. Additionally, profitable performance in the end-use industries such as packaging, machine tools, and the automotive industry is expected to pave new avenues for the development of the global laser marking machines market.

Intense radio frequency range and hazards related to electrical shocks from device controls proliferate opportunities for manufacturers to develop user-friendly and reliable laser marking machines.

Significant competition among the prominent and new market players increases the contest to enhance more market share. Strategies related to research and development activities are adopted by the companies to further gain a competitive edge in the global laser marking machines market.

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Global Laser Marking Machines Market: Regional Outlook

According to Japanese industry, production by the Japanese electronics industry is foreseen to increase steadily in the coming years. However, maturity in the market is likely to impede the growth of laser marking machines market.

Demand for laser marking machines is likely to come from Asia Pacific owing to surge in demand for packaging solutions.

In the developed market of North America and Western Europe, innovations and technological advancements are expected to bolster the growth of individual players in the laser marking machines market. Furthermore. U.S. semiconductor industry is an important contributor to the economy of the country.

Rapid scientific developments in the field of electronics is anticipated to strengthen the growth of laser marking machines market. Low penetration of laser marking machines in Middle East & Africa proliferate development opportunities for the global and regional players.

Global Laser Marking Machines Market: Key Participants

Example of some of the market participants in the global laser marking machines market discerned across the value chain include:

  • Trotec Laser GmbH
  • ROFIN-SINAR Laser GmbH
  • ALLTEC GmbH
  • Wuhan HGLaser Engineering Co., Ltd.
  • LASEA
  • TYKMA Electrox, Inc.
  • Jinan Style Machinery Co., Ltd.
  • RMI Laser
  • Arihant Maxsell Technologies Private Limited
  • Agile Machineries Pvt. Ltd.
  • Sintec Optronics Pte Ltd
  • Laserite Ltd. (Lotus Laser Systems)

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.

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Global Laser Marking Machines Market: Market Segmentation

Global laser marking machines market can be segmented on the basis of Laser Marking Machines and regions.

On the basis of product type, global laser marking machines market can be segmented as

  • Handheld
  • Portable
  • Desktop
  • Others (Universal Type)

On the basis of laser type, global laser marking machines market can be segmented as

  • CO2 Laser
  • Fiber laser
  • Nd : YAG Laser
  • Nd : YVO4 Laser
  • UV Laser

On the basis of end-use industry, global laser marking machines market can be segmented as

  • Electronics
  • Aerospace
  • Automotive
  • Military & Defense
  • Medical
  • Food & Beverage
  • Oil & Gas
  • Others (general industrial goods etc.)

On the basis of region, global laser marking machines market can be segmented as

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

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Used E-Scooter Market Is Expected To Progress At A CAGR Of 3.2% From 2022 – 2032 | Report by FMI

As per the study at FMI, the used E-Scooter market was valued at US$ 671.2 million in 2022 and is expected to reach US$ 919.7 million by 2032, growing at a 3.2% CAGR.

People are turning towards electric vehicles as they help with environmental concerns, technological integrations and new fuel and cost-friendly prospects, fuelling the sales of used e-scooter in new regions.

Expanding components of electric vehicles and structuring the basic transmission of e-scooters are shaping the trends for the used e-scooter market.

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Aggressive pricing and cashback discounts coupled with online platforms coming up with wide segmentation that gives the end-user an enlarged analysis of the products that are industry-specific, fuelling the demand for used e-scooter in multiple regions.

Manufacturers are integrating with innovative platforms like Artificial Intelligence, Machine learning, and the internet of things (IOT), making the vehicles more advanced and futuristic.

Lucrative government schemes around electric vehicles, including e-scooters, providing subsidies to the end users also flourishes the used e-scooters market, helping the used e-scooter market expand its roots in the new regions.

The Used E-Scooter market has also been adversely impacted through the spread of the coronavirus as the manufacturing and research & development programs were shut, and the retail agencies along with showrooms have not been functional.

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KEY TAKEAWAYS:

  • Asia pacific is one of the highest growing regions for used E-Scooter market as developing country like India is booming at the CAGR 12.8% between 2022-2032while Brazil thrives at a CAGR of 9.5% through 2032.
  • Europe also share its fare amount of share in the used e-scooter market as European countries pledge to limit their carbon emissions. Governments run awareness initiatives so that citizens adopt electric vehicles. This drives more traction for used e-scooter market.
  • Lithium-ion battery is the biggest segment in the battery type category of used e-scooter market and will be the largest portion in the forecast period, owing to factors like high-performance delivery, longer shelf life and easy installation.
  • The two-wheeler segment is the largest segment and will hold the biggest portion of the market in the forecast period, attributed to the factors like common and popular use, easy availability and better price ranges coupled with new integrated technologies.
  • Vehicle manufacturers keep on experimenting with their designs and technology in order to attract the new set of customers, expanding the used e-scooter market.

COMPETITIVE LANDSCAPE:

Some of the used E-Scooter market players profiled in the FMI’s study are xiaomi corporation, glion, voro motors, segway, Apollo scooters, GOTRAX, INOKIM, KAABOO, Razor, Hover and Bird.

Key Segments

By Type:

  • Unicycle
  • Two Wheel
  • Three Wheel

By Wattage:

  • Up to 250 Watt
  • 250 to 450 Watts
  • 450 to 700 Watts
  • Above 700 Watts

By Battery Health:

  • Healthy
  • Good
  • Bad
  • Worst

By Distribution Channel:

  • OEM
  • E-Commerce

By Battery Type:

  • Lithium Ion Battery
  • Sealed Lead Acid Batteries
  • Nickel Metal Hydride Batteries

By Region:

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

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Recent Developments

  • Voro motors have put its new set of refurbished electric scooters on sale including its latest EMOVE cruiser series, Dualtron and Wolf King with multiple battery options. This pushes the demand for used e-scooter market.
  • Razor has introduced its used e-scooter series including Eco smart metro and SUP with E300 and E100. This pushes the sales of used e-scooterin the new regions.

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Surge Tanks Market Is Poised To Witness A CAGR Of 4.2% From 2022 To 2032 | FMI

The surge tank market is anticipated to expand at a CAGR of 4.2 percent between 2022 and 2032. During this projection period, it is expected that the market share for surge tanks will grow, from its current valuation of US$ 1.9 billion in 2022 to a net worth of US$ 2.9 billion in 2032.

A surge tank is a storage tank or vessel made from stainless steel or epoxy coated carbon steel material. A surge tank is a type of reservoir that is used to regulate the flow of liquid in fluctuating pressure situations. Surge tanks mainly find applications in hydropower plants where the pressure of water must be maintained to ensure proper functioning of turbines and to minimise the hammering effect caused due to fluctuations in water flow.

They are also used in oil & gas, chemical and water treatment plants. Surge tanks are designed to accommodate a wide range of pressure & volume and can easily neutralize the effect to avoid system failures and blowouts. Within the Chemical Industry, surge tanks are used in two-phase separation operations where longer retention time is required for effective separation.

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Surge Tanks Market: Dynamics

The surge tanks market is being driven by increasing demand from power & energy applications, especially due to new hydro power plants coming up in developed as well as developing regions. Along with this, rising investments in water infrastructure development across the globe will also support the growth of the surge tanks market.

Moreover, recovery of oil & gas industry coupled with pipeline expansion projects in the U.S., Brazil and Mexico and GCC countries will, in turn, help drive the surge tanks market. Apart from this, the high repair and maintenance cost of regular and coated surge tanks will also affect market growth.

Surge Tanks Market: Regional Outlook

The Global surge tank market is dominated by the Asia Pacific region. In APAC, the prompt growth of end-use industries, such as oil & gas, chemicals and power & energy industry — where surge tanks are frequently used — will help drive the market over the forecast period. Moreover, high investments for developing water infrastructure and setting up new hydro power plants in developing countries, such as China and India, will in turn boost the demand for surge tanks over the forecast period.

The APAC surge tank market is expected to register healthy CAGR over the forecast period. North America and Europe are the major markets for surge tanks. In North America, the U.S. is expected to dominate the market owing to increasing investments in water infrastructure and significant growth of oil & gas industry owing to shale gas exploration. The North America surge tanks market is expected to register significant growth over the forecast period.

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In Europe, EU-5 countries are expected to hold a significant share of the market over the forecast period. Moreover, recovery of oil & gas industry coupled with increasing infrastructural developments in GCC countries, Brazil and Mexico will help boost the demand for surge tanks over the forecast period. Moreover, Latin America and Middle East & Africa surge tanks market is expected to grow steadily over the forecast period.

Surge Tanks Market: Market Participants

Examples of some of the market participants in the global Surge Tanks market identified across the value chain include:

  • NM Group Global LLC (NMGG)
  • TransTech Fabrication, LLC
  • Alpha Tanks Limited
  • FAB-TECH Works & Constructions Pvt. Ltd.
  • Squibb Tank Company, Inc
  • Wheeler Tank Manufacturing, Inc.
  • RothLochston
  • Wiltsie Construction Co., Inc.
  • Young Engineering & Manufacturing Inc.
  • Steelways, Inc.
  • Oilwell ME
  • AA Tanks Co

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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The report covers exhaust analysis on

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

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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Surge Tanks Market: Segmentation

Based on capacity, the global surge tanks market is segmented into:

  • Below 1000 gallon
  • 1000-8000
  • Above 8000 gallon

Based on construction material, the global surge tanks market is segmented into:

  • Stainless steel
  • Coated Carbon Steel
  • Others

On the basis of pressure capacity, the global surge tanks market is segmented into:

  • Below 350 psi
  • 350 – 500 psi
  • Above 500 psi

Based on type, the global surge tank market is segmented into

  • Simple Surge Tanks
  • Gallery type Surge Tanks
  • Inclined Surge Tanks
  • Inclined Surge Tanks

Based on the application, the global surge tanks market is segmented into:

  • Hydropower Electricity
  • Industrial Use
  • Water transportation & Distribution Network
  • Oil & Gas
  • Others

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Spray Dryer Market Exhibit A Revenue Growth Of US$ 7,643.3 Mn By 2032, Future Market Insights Inc.

During the forecast period, spray dryer sales are expected to increase globally at a CAGR of 4.4%. It is anticipated that market revenue will amount to US$4,984.6 million in 2022 and US$7,643.3 million by 2032.

The material to be dried is atomized into tiny particles in spray dryers, where it is then dried by coming into contact with the heating medium. The dried product is then obtained in the form of dry granular powder. Atomization, contact with the heating medium, and product collection are the three main steps in the operation of a spray dryer.

Spray dryers are used in industries like food and pharmaceuticals where drying heat-sensitive materials and maintaining a material’s functional and nutritional value are top priorities. Spray dryers are used for a wide range of industrial products, including milk powder, cereals, antibiotics, vitamins, paint pigments, catalyst support, ceramics, etc. As a result, the food and beverage, pharmaceutical, and chemicals industries, among others, have seen a significant increase in demand for spray dryers.

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Global Spray Dryer Market: Dynamics

Increasing demand from the food and pharmaceutical industry is the major driving factor for the growth of spray dryers market. Spray dryers also help in increasing the shelf life of products, which helps in easy transportation of products and minimizing the damage caused during the drying of products, which in turn, is resulting in an increase in demand for spray dryers.

Furthermore, technological advancements in spray dryers that increase their drying efficiency and minimize energy consumption will create opportunities for growth in the spray dryer market. Apart from this, in some cases, drying of food products with the help of spray dryers has resulted in some changes in food products’ organoleptic properties, such as taste, smell, etc.

This particular factor may hamper the growth of the spray dryer market owing to changing preference for alternative dryers for the same. Also, high maintenance and operation costs are yet another major factors expected to limit the selection of spray dryers in various industrial applications.

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Global Spray Dryer Market: Regional Outlook

Significant growth of the food and pharmaceuticals industry in the Asia Pacific (APAC) region wherein spray dryers are frequently used will help in boosting the demand for spray dryers. Also, rising investments in the food sector and increasing demand for processed food products in APAC region will also lead to increased demand for spray dryers over the forecast period.

Moreover, rising investments in the food & pharmaceutical industry as well as new upcoming projects in countries, such as India and China, will help in driving the spray dryer market. Furthermore, growing demand from the chemical industry is major factor that is expected to drive growth in the spray dryer market in APAC region.

Thus, the spray dryer market in APAC region is expected to register healthy growth over the forecast period. North America and Europe are the other major markets for spray dryers owing to increasing demand from the food industry for energy efficient equipment coupled with standard manufacturing norms regarding food processing.

In Europe and North America, the spray dryers market is expected to register substantial growth over the forecast period. Moreover, Latin America and Middle East & Africa spray dryers market are expected to register slow growth over the forecast period.

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Global Spray Dryer Market: Key player

Examples of some of the market participants identified across the value chain of the global Spray Dryer market include GEA Group AG, European Spraydry Technologies Llp, Dedert Corporation, SPX Flow Technology Denmark A/S, C.E. Rogers Company, Changzhou Lemar Drying Engineering Co. Ltd., Buchi Labortechnik AG, Shandong Shungeng Drying Equipment Co., Ltd., Acmefil Engineering Systems Pvt. Ltd. and New AVM Systech Pvt. Ltd., among others.

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.

Global Spray Dryer Market Segmentation

On the basis of type, the global Spray Dryer market is segmented into:

  • Atomizer
    • Rotary
    • Nozzle
  • Fluidized
  • Centrifugal

On the basis of mode of operation, the global Spray Dryer market is segmented into:

  • Batch
  • Continuous

On the basis of Operating Principal, the global Spray Dryer market is segmented into:

  • Direct drying
  • Indirect Drying

On the basis of Type of flow, the global Spray Dryer market is segmented into:

  • Co-Current
  • Counter current
  • Mixed Flow

Based on Applications, the global Spray Dryer market is segmented into:

  • Food & Beverage
  • Pharmaceutical
  • Chemical
  • Others

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.

About Us:

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

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WiFi as a Service Market is Anticipated to have an Effective CAGR of 18.2% During the Period of 2022-2032

The WiFi as a Service Market is supposed to heighten at a CAGR of 18.2% from USD 4.9 billion out of 2022 to USD 26.0 billion through 2032.

Following the COVID-19 flare-up, the WaaS has been extending internationally. In many countries, it has become increasingly more famous to telecommute since the worldwide closure, which has brought about an expansion popular for rapid remote devotion administrations.

Expanded request has fuelled the development of the remote constancy market and contributed extraordinarily to the development of the business’ income

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The major IT companies also develop and offer advanced applications and services, such as Cisco Systems Inc., Aruba Networks, and Juniper Networks Inc. The Portable Branch Kit, for instance, is an Extreme Networks solution introduced in March 2020.

A quick and secure connection can be established to temporary remote office sites through the solution. COVID-19 is a pandemic that is affecting the entire world, and the company is focused on helping its client base around the globe.

As a result of the easy management of wireless infrastructure over cloud services, WaaS is experiencing rapid growth. Managed over the cloud, WaaS allows enterprises to operate wireless networks from anywhere.

Network administrators can remotely manage WiFi infrastructure issues using cloud-based centralized management, saving both time and money by performing the work from a remote location. Commercial applications have long made use of dial-up access. Thanks to advancements in technology, even residential customers can now have reasonably priced high-speed Internet access.

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KEY TAKEAWAYS:

  • The WiFi as a Service Market is predicted to develop at a CAGR of 17.9% in the wireless local area network (WLAN) controller’s section of the solution category.
  • The CAGR for the outdoor segment of the location type category in WiFi as a Service Market is anticipated to be 18.0% through 2032.
  • In the United States, the WiFi as a Service Market is estimated to reach US$ 9.1 billion by 2032, rising at a CAGR of 18.1% throughout the forecast period.
  • By 2032, the WiFi as a Service Market in the United Kingdom is expected to be valued US$ 1.1 billion, with a CAGR of 17.3% through 2032.
  • With a CAGR of 17.5% throughout the forecast period, China is expected to reach a market size of US$ 1.9 billion in WiFi as a Service Market by 2032.
  • By 2032, the WiFi as a Service Market in Japan is estimated to be worth US$ 1.5 billion, growing at an annual rate of 16.4% through 2032.
  • With a CAGR of 15.9% throughout the forecast period, South Korea is predicted to reach a market size of US$ 934.3 million in WiFi as a Service Market by 2032.

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COMPETITIVE LANDSCAPE:

Key companies profiled in the WiFi as a Service Market include Juniper Networks Inc., Cisco System Inc., HPE (Aruba), Extreme Networks, Huawei Technologies Co Ltd, Fortinet, Ruckus Networks, Arista Networks, D-Link Corporation, TP-Link, and others.

Companies are acquiring companies to strengthen their positions in light of the increasing competition in the market. In May 2021, Aruba launched its wireless fidelity 6E access point solution. WiFi in the 6 GHz band will support up to seven 160 MHz channels and will offer an aggregate data rate of 3.9 Gbps to users.

WiFi networks are becoming increasingly popular among end-user businesses across the globe due to their cost-effectiveness, flexibility, scalability, and automation.

Thus, organizations are adopting Software as a Service (SaaS) based wireless fidelity models, which enable them to take advantage of continuous Internet access despite limited budgets and resources.

A surge in the demand for WaaS services has resulted from the increasing adoption of public and private SaaS models. SaaS services are being used by organizations to safeguard and transmit data in a secure manner using WiFi. A number of SaaS model projects are being developed by leading players on the market.

Key segments

By Services:

  • Professional Services
  • Managed Services

By Solution:

  • Access Points
  • Wireless Local Area Network (WLAN) Controllers

By Organization Size:

  • Large Enterprises
  • Small and Medium Enterprises

By Location Type:

  • Indoor
  • Outdoor

By Vertical:

  • Education
  • Retail
  • Travel and Hospitality
  • Healthcare and Life Sciences

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Summary of Statistics

    1.3. Key Market Characteristics & Attributes

    1.4. FMI Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

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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

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The Size Of The Global Thrust Bearing Market Is Between US$ 45 And US$ 50 Billion-FMI

A bearing is a component which facilitates relative motion between two surfaces. Bearings act as load carriers as well as friction reducers among rolling or sliding parts. Bearings are extensively used in almost every machinery or system and are custom-designed for specific applications or according to ASTM standards and other international standards.

Thrust bearings are designed to take axial loads either in one or both directions. Thrust bearings market come mainly in two different forms of rollers, i.e. ball thrust bearings and cylindrical thrust bearings. A ball thrust bearing is composed of spherical rollers guided into a raceway groove and washer-like bearing rings.

The bearing rings provide support and transfer the axial load uniformly. A cylindrical thrust bearing is equipped with spherical raceway in the outer ring with rollers diagonally arranged in a single row.

Cylindrical thrust bearings have relatively high axial load carrying capacity and are used on the shaft with high axial load. Ball thrust bearings, on the other hand, have relatively less load bearing capacity and are often assisted by another supporting bearing.

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Some of the other types of thrust bearings are tapered roller thrust bearings, spherical roller thrust bearings, etc. which are have superior load carrying capacity and self-alignment properties.

Thrust Bearings Market: Dynamics

Bearings are an essential component of machines and find applications in all almost all sectors, including manufacturing, mining, automotive, aerospace, military, consumer goods, electronics, processing plants, etc. There has been significant demand for various types of bearings from different machineries and systems.

These bearings are required to reduce frictional loss and ensure reliable operation. Growth in demand has compelled manufactures to continually work on the development of more reliable and application specific bearings. Also, bearings have an extensive large aftermarket as all bearings have an estimated life cycle of millions of revolutions or millions of hours of work, after which the bearing must  be replaced with a new one.

Thrust bearings are broadly used in a variety of machines, especially in heavy machineries, such as crushers, compounders, extruders and various other machineries. Growing market for mining machines, plastic processing machines, food processors and other associated machines is anticipated to create substantial market for thrust bearings during the forecast period.

A typical car uses many thrust bearing in wheels, engines, transmission and various other components and thus, growth in automotive production will be an influential factor for the growth of the thrust bearing market. Aerospace applications require high grade bearings to ensure precise and reliable functioning of every component, which results in high replacement rate of bearings and other components.

The global thrust bearing market is anticipated to witness significant growth in near future, mainly driven by rising demand from both OEMs and aftermarkets. Also, growing efforts for developing more reliable bearings are also intensifying the competition among players participating in the global market.

Thrust Bearings Market: Region-wise Outlook

The estimated size of global bearing market is somewhere between US$ 45 – 50 Bn, with Asia Pacific being the largest market owing to its widespread customer base. Asia Pacific is followed by Europe, North America, Latin America, MEA and Japan. The demand for thrust bearings majorly depends on industrial demand and the demand for repair & maintenance of machines equipped with the designated thrust bearing.

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At country level, Germany is anticipated to be the largest market in Europe whereas the U.S is anticipated to dominate the demand in North America market. China, Japan and India are expected to grab larger pies in the Asian Market and China is expected to be the most dominant country in the global market.

Thrust Bearings Market: Market Participants

The global thrust bearings market is assessed to be a fairly consolidated market, with some of the major brands holding highly developed sales and distribution network. Some of the examples of market participants identified across the value chain of the thrust bearing market are SKF AB, Schaeffler Group, THK Company Limited, NSK Limited, JTEKT Corporation, Nachi-Fujikoshi Corporation, RBC Bearings Incorporated, Timken Company, Luoyang Lyc Bearing Company Limited, Federal-Mogul Holdings Corporation, European Bearing Corporation, etc.

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.

Thrust Bearings Market: Segmentation

Thrust bearing are available in different bore diameters, outer diameters, dynamic and static load ratings. The thrust bearing market can be segmented as follows:

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By Type

  • Ball Thrust Bearing
  • Single Direction
  • Double Direction
  • Cylindrical Roller Bearing
  • Spherical Roller Thrust Bearings
  • Tapered Roller Thrust Bearing

By Series Type

  • Extra light
  • Light
  • Medium
  • Heavy

By Cage Type

  • Steel Cage
  • Brass Cage

By Sales Type

  • OEMs
  • Aftermarket

By Application

  • Manufacturing & Metal Processing
  • Plastic Processing Machines
  • Food Processing Industry
  • Oil & Gas
  • Automotive & Locomotive
  • Aerospace
  • Pumps and Compressors
  • Mining Machines (Crushers) & Earth Moving Equipment
  • Consumer Appliances
  • Others

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Vision Guided Robots Market For European Region Is Accountable For 17.5% Of The Total Market Share | FMI

The global vision guided robots market is projected to secure a CAGR of 7.8% during the forecast period, and attain a value of US$ 27,238.3 million by 2032. The current valuation of the market stands at US$ 12,810.0 million in 2022.

The demand for vision guided robots is rising due to increased flexibility in discrete sectors and new product development. The vision guided robots operate freely and increase the efficiency of production, and are therefore being adopted on a large scale, which is contributing to the market growth of vision guided robots.

A robot is a multifunctional, reprogrammable manipulator intended to move materials, tools, parts, or specified devices through variable programmed motions. Robots are designed to perform a variety of tasks and a robot fitted with a camera and a computer to provide visual feedback is referred to as a vision guided robot.

Vision guided robots work on a technology wherein the camera(s) acts as a sensor, which provides a feedback suggestion to the robot supervisor to precisely move an object to a mutable target location(s). These robots’ precursory work is to capture images and transfer them to the processor, which then reports the data.

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Global Vision Guided Robots Market: Dynamics 

Drivers:

Adoption of vision guided robots in the market has increased and the reason behind this is the increasing need of automation in all industries. In order to deliver highly qualitative products, industries are using vision guided robots to maintain production lines. An upsurge in the recognition of robotics by SMEs has been observed in recent times for efficient and better functioning of processes within organizations.

The customization of products for specific applications increases flexibility of usage required by smaller companies, which will be met by new technological advancements. With international labor safety standards becoming rigorous, robots are being employed in unsafe environments in place of humans.

Moreover, vision guided robots are deployed in situations that are deemed unsafe and hazardous for laborers to work, such as working in irregular terrains and management of harmful substances. Vision guided robots enable organizations to circumvent risks and lessen the number of work mishaps.

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Restraints:

The restraining factor associated with vision guided robots is the initial cost required for the preliminary set up and integration. This limits the use of robots to heavy manufacturing groups. A major regulating factor for the vision guided robots market is theout of order of the cameras and the lack of acquaintance of robot operators. Furthermore, the limitation to select the existing camera versions with different resolutions is also a restraining factor for the vision guided robots market.

Global Vision Guided Robots Market: Market Participants 

Examples of some of the market participants in the global vision guided robots market are:

  • Omron Corporationr
  • Denso Corporation
  • Isra Vision AG
  • Fanuc America Corporation
  • The Yaskawa Electric Corporation
  • Basler AG
  • Cognex Corporation
  • Allied Vision Technologies
  • ABB Group
  • Jmp engineering
  • R and d equipment
  • Adept
  • Comau
  • Nachi fuykashi
  • Epson
  • Kamasaka
  • Faune
  • Kuka

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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Key Segments in The Vision Guided Robots Market

By Component:

  • Hardware
  • Software
  • Services

By Type:

  • 2D – Vision System Robots
  • 3D – Vision System Robots

By Industry Vertical:

  • Automotive
  • Electrical and Electronics
  • Aerospace & Defense
  • Other

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • MEA
  • Europe

About Us:

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

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Automotive Washer System Market | Growth Opportunities, Business Insights And Forecast To 2026

Future Market Insights (FMI) delivers key insights on the global automotive washer system market in its latest report titled, “Automotive Washer System Market: Global Industry Analysis and Opportunity Assessment, 2016–2026”. Global sales of automotive washer systems including headlamp and windshield washer systems is expected to reach US$ 17.5 Bn in 2016, witnessing a y-o-y growth of 4.2% over 2015. The long-term outlook on the global automotive washer systems market remains positive, with the market expected to register a 5.4% value CAGR during the forecast period 2016-2026. Passenger car segment will account for maximum share of the total sales, extending the market share to 76.7% in 2026 as compared to 74.5% in 2016.

The global automotive washer system market is expected to register a value CAGR of 5.4% over the forecast period (2016–2026) and reach a value of US$ 29.6 Bn by end of 2026.

In terms of volume, the global sales of automotive washer systems is expected to reach 1,453.4 Mn units in 2016 and is expected to expand at a CAGR 3.5% over the forecast period 2016–2026.

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Increasing vehicle production and adoption of efficient wiper and washer technologies are primary factors bolstering the sales of washer systems globally. Moreover, high replacement rate of washer system components is expected to result in high sales in the aftermarket segment. The emergence of newer wiper blade and windshield cleaning technologies is resulting in higher cost of end products, which is a major factor restraining adoption of these products among consumers. High market penetration of relatively low-cost wiper and washer system alternatives restricts demand for wiper de-icer, nozzle integrated wipers and heated nozzle washer systems.

Segmentation highlights

The global automotive washer system market is segmented on the basis of Component (Nozzles, Reservoirs, Hose & Connectors, Pumps, Windshield Wipers, Wiper Motor); Sales Channel (OEM, Aftermarket); Technology (Electric, Mechanical); Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles); and Application (Windshield Washer System, Headlamp Washer System).

  • Windshield wiper was the largest segment by component in 2015 and this will remain unchanged in 2016
  • Nozzle and hose & reservoir segments are expected to be the next large segment in terms of volume
  • By value, wiper motor segment is expected to remain dominant over the forecast period. The segment is expected to account for share of 45.9% in 2016 and is expected to maintain dominance over the forecast period
  • By product type, windshield washer segment was the largest segment in 2015, and this segment is anticipated to hold 72.3% of the market revenue by 2026. Advancements in wiper blade technology and nozzle design will support growth of the market over near future
  • Headlamp washer system segment is anticipated to witness a relatively high value CAGR than windshield washer system.  Increasing sales of premium and luxury vehicle globally is anticipated to bolster the growth of headlamp washer system. Furthermore, automakers in the market are focussing on introducing value added features in their mid-range vehicles, so as to earn competitive edge in the market

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Regional projections

The global automotive washer system market is segmented into the regions of North America, Latin America, Western Europe, Eastern Europe, APEJ, MEA, and Japan. Asia Pacific, the largest market for automotive washer systems is expected account for US$ 5.5 Bn revenue in 2016. Increasing adoption of headlamp washer systems in semi-luxury and mid-sized cars is major trend witnessed in the region. North America is expected to be the next big market, the region accounted for 21.1% of the total revenue share in 2015 and is anticipated to hold 20.7% in 2016. The recent relocation of automobile production facilities to developing nations such as Mexico will impact the OEM sales of washer systems in the region. Western Europe is expected to account for US$ 3.3 Bn revenue in 2016. The market for headlamp washer systems in the region is majorly driven by the existing stringent regulations to deploy these systems with high intensity headlamps.

Market Segmentation

By Component

  • Nozzles
  • Reservoirs
  • Hose & Connectors
  • Pumps
  • Windshield
  • Wipers
  • Wiper Motor

By Sales Channel

  • OEM
  • Aftermarket

By Technology

  • Electric
  • Mechanical

By Vehicle Type

  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

By Application

  • Windshield Washer System
  • Headlamp Washer System

By Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • MEA

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Vendor insights

Robert Bosch GmbH, Denso Corporation, Valeo S.A., continental AG and Mitsuba Corporation are the top five players in the global automotive washer system market, accounting for about 30% market revenue share in 2015. The leading players in the market are focusing on acquisition, collaboration and partnerships of/with technology providers to increase their product portfolio and market presence. Furthermore, expansion of production facilities, particularly in developing nations, is the key strategy adopted by major players in the market.

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1,3-Butylene Glycol Market Impacted by COVID-19, to Remain Dormant in Near Term, Projects FMI 2018 -2028

1,3-Butylene Glycol (Mol. Formula: C4H10O2), also known as 1,3-Butanediol, is a colorless, viscous, and odorless organic compound. Industrially, 1,3-butylene glycol is produced through either the acetaldehyde condensation method or the fermentation method.

1,3-Butylene glycol has the reactivity of a diol, owing to which it is used in the production of plasticizers, unsaturated polyester resins and industrial dehydrating agents, among other products.

It can also be used as a moisturizer and softener in textile, tobacco, paper, and food industries. 1,3-Butylene glycol has good hygroscopicity, low toxicity and good water solubility, owing to which it is used as a humectant and emollient in personal care and cosmetic products.

Generally, 1,3-butylene glycol is extensively used in the formulation of hair care, skin-care and facemask cosmetic products. Thus, the growing demand for cosmetic and personal care products across the globe is the major driving factor for the growth of the 1,3-butylene glycol market.

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Further, 1,3-butylene glycol is a major raw material in the production of alkyd and polyester resins, owing to its excellent characteristics and high adoption in downstream applications. For instance, the 1,3-butylene glycol based derivative, monocarboxylic acid monoester, is an excellent plasticizer used in the production of PVC and other plastics.

Thus, the growing production of PVC, coupled with the significant growth of polymer and plastic industries, is expected to in turn drive the demand for 1,3-butylene glycol over the forecast period. Further, 1,3-butylene glycol, owing to its antibacterial action, is also used as an antibacterial agent in dairy and meat products. It also finds application as a stabilizer in pharmaceuticals and as a solvent in the fragrance industry.

Regional Outlook:

In terms of production and consumption, the global 1,3-butylene glycol market is dominated by the Asia Pacific region, predominantly China and India. This can be mainly attributed to the increasing production and demand for personal care and cosmetic products in the region.

Along with this, growing population, increasing per capita expenditure, rapid urbanization and changing lifestyle are some of the major factors positively influencing the demand for personal care products, which is subsequently leading to a rise in the demand for 1,3-butylene glycol.

Moreover, the significant growth of polymer and plastic and paint and coating industries in the Asia pacific region largely fuels the growth of 1,3-butylene glycol market in the region. The Asia Pacific 1,3-butylene glycol market is expected to register healthy growth over the forecast period.

North America, followed by Europe, is also a major consumer of 1,3-butylene glycol, owing to the substantial increase in demand from cosmetic, personal care, paint & coating and polymer industries in the region. With significant production capacities of cosmetics in Europe, especially in the U.K., Germany and France, the demand for 1,3-butylene glycol is expected to increase, owing to its application as an emollient and humectant in cosmetic products.

Stringent government regulations and the rising demand for bio-based chemicals in North America and Europe are the major factors providing impetus for the growth of the 1,3-butylene glycol market. Thus, Europe and North America 1,3-butylene glycol markets are expected to witness steady growth over the forecast period. On the other hand, Latin America and Middle East & Africa 1,3-butylene glycol markets are expected to register slow growth over the forecast period.

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Market Participants

The 1,3-butylene glycol market is a highly consolidated one with manufacturers adopting a forward integration strategy to cater to the increasing demand 1and expand their footprint in the global market. Some of the market participants identified across the value chain of the global 1,3-butylene glycol market include,

  • Daicel Corporation
  • Godavari Biorefineries Ltd.
  • Shanghai Jinjin Industry Co., Ltd.
  • Penta Manufacturing Company
  • OXEA GmbH
  • MMP Inc.
  • Whyte Chemicals Limited
  • Rita Corporation

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.

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.

Segmentation:

On the basis of synthesis, the global 1,3-butylene glycol market has been segmented into,

  • Natural
  • Synthetic

On the basis of function, the global 1,3-butylene glycol market has been segmented into,

  • Humectant
  • Emollient
  • Stabilizer
  • intermediate
  • Solvents

On the basis of end use, the global 1,3-butylene glycol market has been segmented into,

  • Cosmetics
  • Polymer
  • Paint & coating
  • Food
  • Others

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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.

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U.S. Solar Inverters Market Will Reach US$ 2.7 Bn By The End Of 2032, Future Market Insights Inc.

The global solar invertor market is set to reach a valuation of US$ 11 Bn in 2022. Sales in the market are forecast to increase at a 6% CAGR over the forecast period.

Increasing usage of solar panels and renewables energy will augment the growth in the market. Hig adoption of solar invertors in the residential, commercial, and industrial and utilities will continue driving sales in the market.

Over the past years, manufacturers are expanding their product lines with new technological advancement in the invertor technologies. As solar energy utilisation in photovoltaic systems is mostly dependent on the inverter, solar inverters are potentitally beneficial for lowering global warming and greenhouse impact.

“Increasing awareness regarding energy-efficient household equipment, along with stringent regulations pertaining to carbon emissions and energy consumption will drive sales of solar invertors,” says an FMI analyst. 

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Key Takeaways:

  • Based on product type, demand in the central invertors segment will create an absolute dollar opportunity of more than US$ 6.4 Bn over the forecast period.
  • By end-use, the residential segment is forecast to create an absolute dollar opportunity of US$ 4.1 Bn over the assessment period.
  • Total sales in the U.S. market are expected to increase at a 5.2% CAGR through 2032.
  • Japan will emerge as a lucrative pocket, with demand growing at a 6% CAGR over the forecast period.
  • The India solar invertor market will expand at a 7% CAGR through 2032, surpassing a valuation of US$ 827.2 Mn.

Micro invertors are gaining popularity due to heavy usage in most of the applications. Microinverters work in the same way as string inverters, except they are put beneath each solar panel on your roof.

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Competitive Landscape

The solar invertor market is consolidated with leading players holding around 80%-85% of the total market share. These players are likely to invest in new technology development and expansion of their distribution networks to maintain their market presence.

Some of the key players in this industry include

  • Siemens AG
  • Fimer Group
  • SMA Solar Technology AG
  • Delta Electronics Inc
  • SunPower Corporation
  • Omron Corporation
  • Eaton
  • Emerson Electric Co.
  • ABB Ltd
  • Mitsubishi Electric Corporation
  • Schneider Electric SE

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Each of these microinverters is roughly the size of a router. New electrical rules demand quick solar system shutdown to protect first responders and firemen from excessive voltage when on roofs or maintaining power lines. Microinverters meet these requirements for quick shutdown and have this capacity built into each module.

Global Solar Inverter Market by Category

By Type:

  • Central Inverter
  • Micro-Inverter
  • String Inverter

By System Type:

  • Off Grid
  • On Grid

By Phase:

  • Single Phase
  • Three Phase

By End-Use:

  • Residential
  • Commercial and Industrial
  • Utilities

By Region:

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

About Us:

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

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