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The primary reasons driving the growth of the test and measurement equipment market include an increase in end-user demand for test and measurement equipment solutions, technological innovation, and an increase in demand for electronic gadgets. This is regarded as a fantastic test and measurement equipment strategy.

The market for test and measurement equipment is expected to grow at a CAGR of 3.7% from USD 27.7 billion in 2021 to USD 33.3 billion in 2026.

Government mandates and the growing need for quality maintenance drive up demand for test and measurement equipment. The emergence of COVID-19 prompted an increase in pharmaceutical and medical equipment manufacturing.

This has resulted in increased demand for test and measurement equipment in the healthcare and pharmaceutical end-use industries, resulting in increased demand for test and measurement equipment products and solutions, as well as trends in test and measurement equipment adoption.

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The price sensitivity of test and measurement equipment, on the other hand, is projected to limit test and measurement equipment market growth. During the forecast period, each of these factors is expected to have a significant influence on the test and measurement equipment market.

The introduction of 5G technology and the implementation of LTE & LTE-Advanced (4G) Networks, as well as the rapid penetration of IoT Devices, are expected to give potential possibilities for test and measurement equipment market expansion.

North America has the greatest test and measurement equipment market share due to the presence of multiple significant companies.

Asia-Pacific is predicted to develop at the quickest rate, as governments in these areas implement numerous measures to support innovation and R&D in their respective countries. Given current advancements in connected and driverless vehicles, the automotive industry is likely to capture the test and measurement equipment market share.

The healthcare sector is likely to drive the test and measurement equipment market due to the development of new healthcare equipment, patient-monitoring systems, and personal emergency reporting systems, which are some of the other factors expected to positively influence the test and measurement equipment market trends.

KEY TAKEAWAYS:

• In the United States, the test and measurement equipment market is estimated to reach US$ 1.3 Billion by 2032, increasing at a CAGR of 10.7% through 2032.

• The test and measurement equipment market in the United Kingdom is expected to be worth US$ 154.2 million by 2032, with a CAGR of 9.8% through 2032.
• The test and measurement equipment market’s services segment form the component category is predicted to develop at a CAGR of 10.4% through 2032.
• Through 2032, Threat Intelligence in the test and measurement equipment market’s application sector will grow at a CAGR of 10.1% through 2032.
• China’s test and measurement equipment market is expected to reach US$ 275.2 million by 2032, with a CAGR of 10.2% through 2032.
• The market for test and measurement equipment in Japan is expected to be valued at US$ 221.9 million by 2032, expanding at a 9.2% annual rate through 2032.

• South Korea is expected to reach a market size of US$ 136.7 million in test and measurement equipment by 2032, with a CAGR of 8.6% through 2032.

COMPETITIVE LANDSCAPE:

Fortive Corporation, Rohde & Schwarz GmbH & Co. KG, Anritsu Corporation, Keysight Technologies, Yokogawa Electric Corporation, National Instruments Corporation, EXFO, Inc., Advantest Corporation, VIAVI Solutions Inc., and Texas Instruments Incorporated are among the major companies profiled in the test and measurement equipment market.

These companies provide test and measurement equipment solutions to meet test and measurement equipment market demands and needs.

To extend their influence in the test and measurement equipment market trends, these vendors have used a variety of organic and inorganic growth tactics.

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RECENT DEVELOPMENT:

A couple of recent developments in test and measurement equipment market are as follows:

• VIAVI Solutions released new fibre test and measurement equipment solutions in March 2021, enhancing the industry’s most comprehensive offering for fiber-optic testing. The company’s new optical power metres, fibre characterization modules, and an enhanced optical time-domain reflectometer (OTDR) solution enable service providers, colocation and hyperscale data centres, enterprises, and contractors to reduce manufacturing costs, improve service quality, minimise downtime, and generate more revenue.
• Anritsu introduced the TRX Test module, MU887002A, in March 2021, to increase the efficiency of production-line inspections of 5G wireless communication equipment, as well as its space-saving universal wireless test set, MT8872A.
• As part of its OpreX analyzer lineup for use in water treatment facilities, Yogokawa launched TB820D right-angle scattered light turbidity detectors, FC800D non-reagent type free available chlorine sensor units, RC800D reagent type residual chlorine sensor units, FLXA402T liquid analyzers for turbidity and chlorine, and PG400 pulse generators for clean units in February 2021.

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Nuclear energy has been used to drive a range of of CAGR  including merchant, military and ice-breaker ships. A trading vessel or merchant vessel is a ship or boat that are used to transport passenger or cargo for hire.

Conventionally, merchant vessel/ships use diesel powered engine to burn the fuel and that drive the turbines. However, with the evaluation of technology the ships are now powered by nuclear reactor to drive the engines. Nuclear powered merchant vessel/ships uses central, internally constrained consumption & storage system instead of storing fluctuating and large quantities of fuels.

In 1950s, the world was introduced to an economical, thimble sized amount of nuclear material powering a vessel.

Most the countries have developed their individual nuclear powered merchant vessel. For instance, U.S. launched the NS Savannah – passenger cargo ship, Japan manufactured the Mutsu (which was decommissioned after a solo test run), and Germany made the Otto Hahn (carried ore for nearly a decade) and Russia made the Sevmorput that carried cargo until 2012.

Henceforth, most the countries have their own nuclear powered merchant vessel to carry the passenger or cargo from place to other

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Nuclear Powered Merchant Vessel Market: Key Features/ Characteristics

Nuclear powered merchant vessel have reduced dependency on fuel and could run for numerous months without need for refilling fuel tanks, which has proven to be considerably impactful in remote areas such as arctic areas in Russia.

Furthermore, reducing fuel demand has also allowed for a cut in fuel costs that helps to maintain the budget. On the top of fuel efficiency, these ships are more powerful and have less of an environmental impact on society.

Nuclear Powered Merchant Vessel Market: Dynamics

Increase in demand for alternate fuel technology couple with growing need for more powerful ships is expected to fuel the demand for Nuclear Powered Merchant Vessel market. Also, ability of these ships to have less environment impact would support the demand for nuclear powered merchant vessel market.

Nuclear Powered Merchant Vessel Market: Restraint

However, high cost of nuclear powered merchant ships as compared to fuel powered merchant ships finds low advocacy rate which can hamper the growth for nuclear powered merchant vessel market. Furthermore, subsequently most of nuclear powered merchant vessel are prepped for long journeys, therefore, to remain technically sounded need a high cost inclusive repair and maintenance.

Nuclear Powered Merchant Vessel Market: Opportunity

Owing to limitations related to sulfur oxide emissions norms from ships has put the global marine industry on a search for an economical ways to meet future and current environmental norms.

Also, with the inevitable development of trans Arctic shipping, nuclear power is the only means to work on that extreme situation. Therefore, it gives an immense opportunity for nuclear powered merchant vessel manufacturers to invest in this technology.

Nuclear Powered Merchant Vessel Market: Regional Outlook

As of 2017, most of nuclear powered merchant vessel are owned by countries such as Russia, U.S., Germany, and Japan. The maximum demand is expected to be coming from U.S., owing to huge investment by government for these vessels.

Moreover, the country is the largest producer of nuclear power energy globally, accounting for more than thirty percent of worldwide nuclear generation. Germany and Japan are also contribute significant share for nuclear powered merchant vessel market.

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Nuclear Powered Merchant Vessel Market: Market Participants

Examples of some of the market participants/vendors identified in the Nuclear Powered Merchant Vessel market across the globe are:

• Adams Atomic Engines, Inc.
• Babcock & Wilcox
• Howaldtswerke Deutsche Werft AG
• Yokosuka Naval Arsenal
• Maritme Administration (Constructed US Savannah)

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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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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Carbonyl Iron Powder, also known as CIP, is produced by thermal decomposition of [Fe(Co)5] which must first be distilled for high purity. During the decomposition process, spherical layers get formed over the nucleus, thus developing a shell-like structure. The efficiency of the decomposition process determines many important properties of High Purity Carbonyl Iron Powder, such as purity and particle size, distribution of the final product, etc.

The micro structure of High Purity Carbonyl Iron Powder (CIP) makes it a good absorber of microwave frequencies. High Purity Carbonyl Iron Powder (CIP) exhibits good magnetization behavior and therefore, is used in electronics and magnetorheological fluids.

Its thermal decomposition results in the production of a wide variety of uncoated and coated grades of carbonyl iron powder, which are used in a diverse range of applications, such as inductive electronic components, metal powder injection molding processes and diamond tools.

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Global High Purity Carbonyl Iron Powder (CIP) Market Dynamics

Global High Purity Carbonyl Iron Powder (CIP) Market Drivers

To improve the efficiency of the processes across various industries, such as machinery and automotive, small and complex parts are required. Metal powder injection molding is considered to be an efficient technique used for the manufacturing of small and complex parts.

There has been significant demand for high purity carbonyl iron powder from the metal powder injection molding application for the manufacturing of automotive components, computers and other electronics and medical and precision equipment, amongst others.

Rise in demand for high purity carbonyl iron powder for the manufacturing of diamond tools is being witnessed. Diamond tools are widely used in the manufacturing of optics, such as lenses and mirrors. Diamond tools are also used to cut marble, granite and other stone blocks.

Due to its excellent microwave absorption property, high purity carbonyl iron powder is also used in televisions and mobiles.

Global High Purity Carbonyl Iron Powder (CIP) Market Restraints

One of the major challenges faced by the global high purity carbonyl iron powder market is the high cost associated with its production as the production of ultra-pure carbonyl iron powder leads to high power consumption. Another major challenge is that the carbon present is prone to carburizing during the reduction of iron powder.

Global High Purity Carbonyl Iron Powder (CIP) Market Trends

The high purity grade of carbonyl iron powder is preferred for nutritional food supplements in the food and beverage industry. There are currently a few number of players operating in the global market, most of these are China-based players. As a differentiating strategy, carbonyl iron powder manufacturers are offering customized solutions, including micron size and specific purity for specific applications.

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Global High Purity Carbonyl Iron Powder (CIP) Market: Regional Outlook

From a regional perspective, the global high purity carbonyl iron powder market is anticipated to be dominated by the Asia Pacific region. Various countries, predominantly China, are witnessing significant rise in demand for high purity carbonyl iron powder. China is a major producer as well as consumer of carbonyl iron powder due to growing demand from the electronics industry in the country.

Similarly, swift rise in demand from the construction and automotive industry is also being witnessed in the region. SEA and Other Pacific is also witnessing significant growth in demand for carbonyl iron powder. Europe and North America are projected to hold significant share in the global high purity carbonyl iron powder market. However, regions such as Latin America, Middle East and Africa and Japan are anticipated to represent relatively smaller volume shares during the forecast period.

Global High Purity Carbonyl Iron Powder (CIP) Market Participants

Some of the market participants identified across the value chain of global High Purity Carbonyl Iron Powder (CIP) market are:

• BASF SE
• Jinchuan Group
• Sintez-CIP Ltd.
• Jiangsu Tianyi Ultra-Fine Metal powder Co.,Ltd\
• Shaanxi Xinghua Chemistry Co Ltd
• Jiangxi Yuean Superfine Metal Co,.Ltd
• Yuelong Superfine Metal Co, Ltd.
• Reade International Corp
• CNPC Powder
• Jilin Jien Nickel Industry Co., Ltd
• Stanford advanced materials

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

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The report High Purity Carbonyl Iron Powder (CIP) covers exhaustive analysis on:

• High Purity Carbonyl Iron Powder (CIP) Market Segments
• High Purity Carbonyl Iron Powder (CIP) Market Dynamics
• High Purity Carbonyl Iron Powder (CIP) Market Size
• High Purity Carbonyl Iron Powder (CIP) Supply & Demand
• High Purity Carbonyl Iron Powder (CIP) Current Trends/Issues/Challenges
• High Purity Carbonyl Iron Powder (CIP) Competition & Companies involved
• High Purity Carbonyl Iron Powder (CIP) Technology
• High Purity Carbonyl Iron Powder (CIP) 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 High Purity Carbonyl Iron Powder (CIP) 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 High Purity Carbonyl Iron Powder (CIP) provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report High Purity Carbonyl Iron Powder (CIP) also maps the qualitative impact of various market factors on High Purity Carbonyl Iron Powder (CIP) 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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The global surge arrester market reached US$ 1.5 Bn in 2021, registering Y-o-Y growth of 4.1%. Surge arrester sales are forecast to increase at a CAGR of 5.0% and is expected to top a valuation of US$ 2.6 Bn by 2032.

Growth can be attributed to increasing demand for energy across the globe, rapid industrialization, and improving urban infrastructure. In addition, increasing investments in smart cities is also expected to drive the demand for surge arresters in the coming years.

Rise in the electricity demand across the globe, as well as a growing focus on increasing renewable energy capacity, are encouraging authorities to invest in electricity transmission and distribution networks, as well as electrification projects. Surge arrester demand is expected to rise as a result of these investments and plans, as well as investments to replace ageing electric infrastructure across various countries.

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Surge arresters are widely used in substations, transmission lines, and other electrical network components, with significant coverage of the application areas. Furthermore, one of the primary factors driving the market is increased investment in transmission and distribution (T&D) networks.

The expansion and development of transmission and distribution network has been estimated to have a direct impact on surge arrester market growth. Increasing number of electrification projects in China and India, as well as network expansions to support renewable energy integration in the U.S. and European countries will augment the growth in the market.

The demand for electricity is expected to rise further during the forecast period, owing to growing electrification in the transportation sector and the adoption of electric vehicles.

Growing requirement for protective devices to limit the voltage load on an equipment caused by any internal or external events are bolstering sales of the arrester. Rising demand for electricity from industrial, commercial, and residential sectors and growth in the production of electricity from renewable sources are anticipated to enhance the electric infrastructure worldwide. This is anticipated to spur demand for surge arrester in the forthcoming years.

Increasing government-backed investments to supply electricity to the rural areas, as well as a growing emphasis on commercial facilities operating in harsh weather conditions with high lightning strikes, will drive sales of surge arresters in the residential and commercial sectors.

“Rising adoption of electric vehicles and electric home appliances across the globe, along with growing need to streamline power generation from renewable energy sources will boost the adoption of surge arresters over the forecast period,” says an FMI analyst.  

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Key Takeaways:

• By product type, demand in the polymeric segment is expected to growt at a CAGR of 5.1% over the forecast period.
• Based voltage type, very high voltage segment is forecast to dominate the market, accounting for about 44.2% of the total market share.
• In terms of end use, sales in the industrial segment are projected to grow at a 5% CAGR through 2032.
• By class, the standard segment will hold 33.1% of the total surge arrester market share by 2032.
• Total sales in the U.S. surge arrester market will reach a valuation of US$ 240 Mn by 2032.
• The China surge arrester market will offer an absolute opportunity of US$ 0.18 Bn over the assessment period.
• Surge arrester sales in Germany are forecast to account for 19.7% of the Europe surge arrester market share in 2022.

Competitive Landscape

Siemens Energy, General Electric (GE), Eaton, Hubbell, Schneider Electric and Mitsubishi Electric are some of the leading manufacturers in the global surge arrester market.

Manufacturers of surge arresters are investing in product development to improve sales in the market. Key players are further investing in software technology to enhance the performance of surge arresters.

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Embossing Powder also known as thermographic powder, are used to create raised design on the printed area. Embossing powder is made up of plastic resigns. Embossing powder is a powdered substance used in combustion with slow drying inks to create an embossed image.The embossing powder is polymerized with the help of heat. Embossing powder is generally of two type’s transparent or opaque type. Transparent type embossing powder is most common in the market as they take the color of the underlying ink.

In the today’s dynamic world, changing consumer demand and rapid technological developments, companies are endeavoring new strategies to differentiate their products and service; visual aesthetics of products creates value for consumers; hence embossing powder is being adopted in the market.

Embossing powder is used by commercial printers to make raised letter and images for business cards, social announcements and greeting cards. Moreover increasing art and craft activities across the globe is also influencing the growth in the demand of embossing powder. The embossing powder adds vibrancy and texture to papercraft and mixed media projects.

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Embossing Powder Market: Dynamics

Over the past couple of years the global embossing powder market has witnessed robust growth driven by changing demographic trend. Moving ahead, the long term growth prospect for embossing powder is expected to remain positive supported by positive economic outlook and increasing disposable income.

Among powder type, transparent type embossing powder is estimated to dominate the market, however, the opaque type segment is gaining traction in the market with gold and silver color getting attraction for various applications.

Factors such as, increasing urban population and rising disposable income are influencing people to invest on luxurious stuffs; this in turn is expected to drive the demand for embossing powder.  Another, factor which is expected to drive the growth of embossing powder is increasing consumer preference towards improved aesthetics and value addition towards the consumer products through enhanced visual aspects.

Moreover, in light of the increasing interest in dynamic aspects of consumer behaviour, it is clear that consumer taste plays an acute role in judgment and decision making for the embossing powder market participants, during product development.

The global embossing powder market is teeming with a large number of players having a range of contribution to the value chain. The companies in the embossing powder market are adopting product differentiation strategy to surge ahead of rivals and gain competitive advantage in the cutting edge competitive environment.

Embossing Powder Market: Regional Outlook

Geographically, Asia Pacific holds the dominating share in the global embossing powder market. The region’s growth has been primarily facilitated by rapid population growth and increasing number of affluent population. Countries such as India, China and ASEAN countries are expected to significantly contributing towards the growth of embossing powder market in Asia Pacific region.

North America embossing powder is expected to witness moderate growth during forecast period. Europe embossing powder market is expected to experience steady growth over the forecast period. In Latin America, countries such as Brazil, Mexico and Argentina are expected to create market opportunities for companies driven by positive political and economic outlook.

Embossing Powder Market: Market participants

The global embossing powder market is a fragmented market with a large number of local manufacturers. Asia Pacific region with countries such as China and India, is attracting a the market participants across the global embossing powder market driven by rapid upsurge in demand for embossing powder for various applications. Some of the key market participants operating in the global embossing powder market include:

• Stewart Superior Corp.
• Fine Glitter Powder (China)
• Percolour polymer co.,ltd.
• Pavan Forniture Grafiche SpA
• Faust Thermographic Inc.
• Caslon Limited
• Tonic Studio
• Creative Expressions
• Stampendous

The Embossing Powder market 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 Embossing Powder market report covers exhaustive analysis on:

• Embossing Powder market segments
• Embossing Powder market dynamics
• Embossing Powder market Size
• Embossing Powder market supply & demand
• Embossing Powder market current trends/issues/challenges
• Embossing Powder market Competition & Companies involved
• Embossing Powder market technology
• Embossing Powder market 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 Embossing Powder market 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 Embossing Powder market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The Embossing Powder market report also maps the qualitative impact of various market factors on market segments and geographies.

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https://www.futuremarketinsights.com/ask-question/rep-gb-8516Embossing Powder Market: Segmentation

The global embossing powder market on the basis of powder type can be segmented as:

• Transparent Type Embossing Powder
• Opaque Type Embossing Powder

The global embossing powder market on the basis of application can be segmented as:

• Fine Detail
• Dimensional
• Regular granulation

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According to a recent study done by FMI, the Digital Pump Market is expected to reach US$ 20.5 Billion by 2032, up from US$ 11.3 Billion in 2022, expanding at a high CAGR of 6.1%. This study explains that factors such as the strict energy-efficiency standards, growing technological advancements, development of smart cities, growing demand for building automation and increasing power generation capacity globally are expected to fuel the market growth during the forecast period.

The major factor that is expected to propel the growth of the digital pump market during the forecast period includes the rising demand for these pumps, owing to their offerings such as fluid flow control features. Moreover, government economic stimulus packages as well as tax credits that are targeting infrastructure projects, including water & wastewater and energy efficiency projects, are also expected to widen the scope of the digital pumps market.

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In addition, these pumps save energy and cost and have applications in building, water treatment plants, boiler control systems, and automation. This is another major factor accelerating the market growth. Some other factors including strict energy-efficiency standards in developed nation, growth in Industrial Internet of Things (IIoT) and economic benefits of intelligent systems, focus on smart water & wastewater systems, increasing power generation capacities across the globe, and significant investments in non-oil & gas sectors in the Middle East and North Africa (MENA) are the expected to further augment the growth of the digital pump market over the analysis period.

Key Takeaways from the Market Study

• Global Digital Pump Market was valued at US$ 11.3 Billion by 2022-end
• The US to account for the highest value share of US$ 5.5 Bn of global market demand for Digital Pump Market in 2032
• From 2015 to 2021, Digital Pump demand expanded at a CAGR of 6.7%
• By connectivity, the conventional pump controller constitutes the bulk of digital pump market with a CAGR of 4.9%.

“Digital pumps save energy and cost and have applications in building, water treatment plants, boiler control systems, and automation, which is an essential factor propelling the market growth,” remarks an FMI analyst.

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Competitive Landscape

Players in the global Digital Pump Market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some of the recent developments among the key players are:

• In August 2021, Regal Beloit Corporation, one of the global leaders in the manufacturing and engineering of power transmission solutions, declared the recent addition of its new Century VGreen Evo pool pump motor to its product portfolio. Operated by advanced variable speed technology, the VGreen Evo pump motor is one of the most energy-efficient pool pump motors available in the market.
• In March 2020, Framo and Aker BP declared a smart pump maintenance contract for seawater lift pumps based on Norwegian Continental Shelf. With an extension of six years, the six-year-long contract is a continuation of a pilot contract initiated by pump supplier Framo, production company Aker BP, and industrial AI Software as a Service (SaaS) in 2018.

Know More About What the Digital Pump Market Repost Covers

Future Market Insights offers an unbiased analysis of the global Digital Pump Market, providing historical data for 2015-2021 and forecast statistics from 2022-2032. To understand opportunities in the Digital Pump Market, the market is segmented on the basis of connectivity, distribution channel, and industry across five major regions.

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According to the market analysis report by Future Market Insights (FMI), the electronic equipment repair service market is forecasted to reach a net worth of US$ 228.2 Bn in 2032 growing up from US$ 110.9 Bn in 2021. It is estimated to witness an impressive CAGR of 6.5% through these years.

With the improving economic conditions and development of worldwide electricity network systems there has been a significant increase in the volume of electronic devices and appliances. The amount of electronic device repair services has also surged along with it, making it an attractive business around the world.

Industrial automation in various sectors has also increased the demand for electronic equipment that is prone to frequent malfunctions and breakdowns. Industrial electronic equipment repair service is anticipated to augment the market size further along with the introduction of the fourth industrial revolution or IR 4.0 during the forecast years.

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Portable smart devices with an internet connection have become an essential part of any modern-day individual. So many electronic device repair facilities have emerged in local markets. In this regard, the market for electronic equipment repair services is expected to experience huge growth with the institutionalization of such facilities.

The report also analyses the market survey obtained during the Covid-19 pandemic, which had a severe impact on the growth of the market system providing services for fixing electronic devices. It has been observed that the growth rate dipped down from 7.8% recorded during the years 2015 to 2021.

“In recent, there has been a rise in the volume of refurbished electronic devices and gadgets over the e-commerce platforms. Opening up of such new business opportunities is expected to further boost the demand for electronic equipment repair service market in the coming days.”

With the growth in electronic manufacturing companies in South East Asian countries, the availability of cheap electronic devices has increased in the local markets all across the Middle-income countries.

This factor is anticipated to have some negative impacts on the electronic equipment repair warranty services as per the market analysis report.

Key Takeaways

• Over the forecast period of 2022 to 2032, the global electronic equipment repair service market share is expected to observe an absolute dollar growth of US$ 107 Bn and reach a valuation of US$ 228.2 Bn.
• As per the market analysis report, consumer electronics is the most attractive segment for the electronic equipment repair service market that is predicted to witness a growth rate of 7.1% over the forecast years.
• Among the different geographical regions, Europe is the leading market for fixing electronic devices with an expected to be valued at around US$ 68.6 Bn, recording a CAGR of 6.5% during the forecast time period.
• Asia Pacific countries are emerging as new leaders in the residential electronic equipment market owing to the highest growth rate of China, which is expected to reach a valuation of nearly US$ 25.2 Bn by the end of the year 2032.
• The American electronic equipment repair service market was estimated to be valued at US$ 13.9 Bn in the year 2021 and is expected to grow at a CAGR of 6.5% through the forecast years.

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Competitive Landscape

The major players operating in the global glaucoma treatment market include Encompass Supply Chain Solutions, uBreakFix, iCracked, Inc., Moduslink Global Solutions, Medtronix Inc., the Cableshope Inc., Redington services, B2X Care Solutions GMBH.

Electronic appliances manufacturing companies are enthusiastically providing repair service warranty services for their customers these days. The adoption of such business models has made the American electronic equipment repair service market highly competitive.

Long-term agreements of industrial electronic equipment repair service companies with various established industries are the major strategy adopted by top companies.

Collaboration with hospitals for providing healthcare medical device repair services is also turning out to be a remunerative option for some market players these days.

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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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According to industry estimates, the global market for automated parcel delivery terminals will reach US$ 720 million by 2022 and is expected to reach US$ 2 billion by 2032, with a CAGR of 10.9 percent from 2022 to 2032.

With a growing demand for more deliveries and increasing pressure for shorter response times, there is a growing need for shorter transportation times in the market’s automated parcel delivery terminals. The rising popularity of online medicine delivery apps and same-day delivery systems has resulted in a significant increase in the market for automated parcel delivery terminals.

The use of automated parcel delivery systems in the market is expected to outpace the growth of e-commerce businesses and internet penetration. Global digitization, the global promotion of cashless payments, and the expansion of logistics businesses have all contributed to the market’s recent growth.

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With the growing adoption of innovative distribution channels, market participants are experiencing new methods of parcel delivery. E-commerce firms, retailers, and manufacturers are collaborating to meet consumer demands in real time while reducing operational costs. Companies are integrating technological advances such as proactive maintenance, facial recognition, remote monitoring, and IoT-based services to provide personalised service to customers. All of these factors are driving market growth for automated parcel delivery terminals.

Key Takeaways:

• The market value of automated parcel delivery terminals was US$ 639.9 Mn in 2021 and is projected to reach a value of US$ 720 Million in 2022 with a CAGR of 10.9% during the forecast period.
• Indoor Terminal automated parcel delivery terminals segment to expand at a CAGR of 10.5% during the forecast period.
• In the forecast period, the shipping and logistics firm is expected to grow at a compound annual rate of 11.3%.
• In the U.S., the market is predicted to reach US$ 142.3 Million while growing at a CAGR of 19% during the forecast period.
• Japan is expected to reach a CAGR of 17.5% during the forecast period between 2022 and 2032.

“Innovative APMs are being rapidly expanded as part of the long-term goal by vendors in order to establish a nationwide network of APMs and parcel pick-up sites at partner shops in the future, which will help to expand the market.” 

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Competitive Landscape

Key Players that have been profiled in the report are Keba AG, Cleveron Ltd., Neopost group, Smartbox Ecommerce Solutions Pvt.Ltd., Winsen Industry Co., Ltd., InPost, TZ Ltd., ByBox Holdings Ltd., ENGY Company and Bell and Howell, LLC. Innovative products and technologies will allow customers to benefit from new technologies.

Key Segments Covered in the Automated Parcel Delivery Terminals Report

By Deployment Type:

• Indoor Terminal
• Outdoor Terminal

By Ownership:

• Retailers
• Shipping/Logistics Companies
• Government Organization
• Others

By Region:

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

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.

Contact:
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
Latest Report: https://www.futuremarketinsights.com/reports/
LinkedIn| Twitter| Blogs