Market Research Blog – Page 10946 – New Product Development

Waste to Energy (WTE) Market is Garnering US$ 82.49 Billion in 2032 | FMI

The global waste to energy (WTE) market was anticipated at US$ 38 Billion in 2021, and is projected to rise to US$ 40.77 Billion in 2022. This technology is gaining wide recognition across the globe owing to the advanced growth in waste production along with rising demand for clean energy, thereby, garnering US$ 82.49 Billion in 2032, recording a CAGR of 7.3% from 2022-2032.

Government regulations that are strict in response to escalating greenhouse gas emissions will urge manufacturers of green technology to keep up with innovative technologies that will assist create cleaner energy, which will ultimately fuel market expansion.

Because of continual developments in waste treatment technologies, thermal technologies will command a sizeable market share for the conversion of waste to energy in the upcoming years. Waste is converted into usable heat or steam during thermal treatment, and this heat or steam is then used to turn a turbine and produce power.

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Key Takeaways from the Market Study

In 2022, the European waste to energy market is expected to be valued at US$ 16.5 Billion
The waste-to-energy market in the Asia Pacific is presumed to expand at a CAGR of 6%
North America to experience a noteworthy CAGR of 7.6% during the 2022-2032 assessment period
Demand for thermal waste to energy technology to remain prominent, comprising 83% revenue in 2022
Global waste to energy market worth to more than double from 2022 to 2032

“Significant increases in power generation as a result of rapid urbanization and industrialization, as well as a greater emphasis on generating energy from renewable sources, are expected to be key drivers of the waste-to-energy market,” remarks an FMI analyst.

Competitive Landscape

Key players in the global Waste to Energy market include Veolia, Velocys, Biffa, Sims Limited, Stericycle, Keppel Seghers, Recology, Waste Connections, Xcel Energy, Hitachi Zosen Inova AG, China Everbright Environment Group Limited, JANSEN Combustion and Boiler Technologies, Wheelabrator Technologies, SUEZ, OMNI Conversion Technologies, WM Intellectual Property Holdings, and Covanta Holding Corporation among others. Key developments among players are:

Fiberight announced in February 2019 that it would open a new advanced recycling facility in Hampden by April 2019. Using pulping and anaerobic digestion, the plant will break down materials and convert them into biofuel using high-tech processes.
Veolia became the first company in Europe to establish a synthetic e-fuel production unit on February 17, 2022. The manufacturing unit was installed at LIPOR’s Energy Recovery Plant near Porto. Its cutting-edge technology configuration and design are expected to revolutionize the waste-to-energy industry while also decarbonizing the aviation sector.
In July 2022, Biffa announced that it was selected for supervising the government of Scotland’s Deposit Return Scheme’s (DRS) official logistic provider. The agreement comes after several months of close collaboration between the organizations as they progress towards DRS going live in August 2023 and is expected to create around 500 jobs in Scotland to support the collection, sorting and counting of products within scope of the scheme.

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Key Segments Covered in the Waste to energy (WTE) Industry Survey

Waste to Energy (WTE) Market by Technology:

Thermal Waste to Energy (WTE) Technology
- Incineration
- Pyrolysis & Gasification
Biological Waste to Energy (WTE) Technology

Waste to Energy (WTE) Market by Region:

North America Waste to energy (WTE) Market
Europe Waste to energy (WTE) Market
Asia Pacific Waste to energy (WTE) Market
Middle East & Africa Waste to energy (WTE) Market
South America Waste to energy (WTE) Market

More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the waste to energy (WTE) market presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of technology (biological and thermal), across five major regions (North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America)

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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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Carbon Capture and Storage (CCS) Market Value to Grow by Almost US$ 9.0 Billion During 2022-2032 | FMI

The worldwide carbon capture and storage market is expected to be worth roughly $4.2 billion. With increasing global use of carbon capture and storage technologies, overall demand is expected to grow at a CAGR of over 14% from 2022 to 2032, reaching a valuation of over US$ 9 billion by 2032.

Globally, large quantities of fossil fuels are consumed for a variety of industrial processes such as those in steel industries, cement industries and in power generation. Combustion of fossil fuels at such a large scale results in emission of carbon dioxide and other greenhouse gases in to the atmosphere.

Ever increasing amount of these gases in the atmosphere have resulted in irreversible phenomena such as climate change, depletion of ozone among the others. Sighting these and several other imminent threats, an ingenious technology namely Carbon Capture and Storage (CCS) has been increasingly adopted across the globe in recent years. Carbon Capture and Storage (CCS) is a process wherein up to 90% of carbon dioxide emissions produced as a result of combustion of fossil fuels, are captured.

Thus, preventing them from entering the atmosphere. The process comprises three steps, first step involves capturing the carbon dioxide which is emitted, second step involves transportation of the captured carbon dioxide and the third step involves its secure storage.

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Carbon Capture and Storage Market: Drivers & Restraints

The growing concerns as regards the environmental hazards and irreversible changes resulting from the emissions in to the atmosphere have resulted in implementation of stringent regulations pertaining to emissions into the atmosphere. These in turn have prompted companies across the globe to develop processes that are efficient at the same time are environmentally friendly.

The ever growing use of fossil fuels and industrial growth both in developed and developing parts of the world is expected to drive the demand, proliferation of Carbon Capture and Storage technology, in turn resulting in growth of global carbon capture and storage market.

Moreover, the fact that, implementation of Carbon Capture and Storage technology provides a relatively more viable option than that of switching over to use of alternative energy resource, is expected to drive the growth of global Carbon Capture and Storage market across the globe.

Carbon Capture and Storage Market: Region-wise Outlook

On the basis of geographic regions of the globe, global Carbon Capture and Storage market is segmented into seven major segments. These key regional market segments are North America, Western Europe, Eastern Europe, Asia Pacific, Japan, and Middle East & Africa, Latin America Carbon Capture and Storage markets. North America carbon capture and storage market is among the leaders as far as adoption of Carbon Capture and Storage technology is concerned. It is expected to register steady growth during the forecast period.

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Carbon Capture and Storage Market: Key Players
Some of the identified major participants of the global Carbon Capture and Storage market are as follows:
• Exxonmobil Corporation
• Schlumberger
• Huaneng
• Linde AG
• Sulzer
• Equinor
• NRG
• AkerSolutions

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Key Segments Profiled in the Carbon Capture and Storage Industry Survey

Technology:
Pre-combustion
Post-combustion
Oxy-fuel Combustion

End-Use Industry:
Oil and Gas
Coal and Biomass Power Plant
Iron and Steel
Chemicals
Others

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Solar Tracker for Power Generation Market is Expected to Increase at a CAGR of 7.5 Percent by 2027 | FMI

The solar tracker for the power generation market is expected to increase at a CAGR of 7.5 percent, from US$ 6 billion in 2021 to US$ 9.5 billion in 2027.

The increase in CAGR is due to the demand for solar tracker for power generation, which is expected to revert to pre-pandemic levels once the pandemic is over.

Rising investments in various utility-scale solar tracker projects throughout developing countries are expected to boost solar’s part of the renewable energy mix, boosting solar tracker for power generation market growth. Despite the epidemic, global shipments have climbed significantly, prompting large corporations to focus on expanding their supply networks to satisfy post-pandemic demand.

Environmental degradation, rising fuel prices, and growing public awareness of the benefits of renewable energy are projected to propel the worldwide solar tracking system market forward.

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The global demand for solar tracker for power generation is likely to be restrained by high maintenance requirements, high costs compared to stationary competitors and a more sophisticated system than fixed racking. Government initiatives, reduced design complexity, and solar tracker research are expected to drive the solar tracker market forward.

Power generation by solar panel market growth is threatened by high capital investment and a lack of required infrastructure. The initial large capital investments necessary to deploy these devices are the primary limitation for the sales of solar tracker for power generation. Another problem that inhibits power generation and distribution investment in the sector is a lack of critical infrastructure.

Lack of awareness of the benefits of fixed-tilt installations over tracker installations has impeded expansion in regions such as the Asia Pacific and Europe.

The investments in solar tracker for power generation are expected to be fuelled by green energy goals. Countries are contributing to the global effort to reduce carbon emissions by setting their own green energy goals. For example, by the end of 2023, Brazil wants 42.5 percent of its primary energy supply to be renewable.

The UK government plans to generate approximately half of its electricity from renewables by 2025, according to the quick carbon analysis. Germany is likewise on track to generate 65 percent of its total energy from renewable sources by 2030.

In Asia, China aims to generate 16% of its energy from renewable sources by 2030. Following the country’s investments in solar tracking system, the renewable energy sector is predicted to hold a 26 percent share, exceeding the aim.

Increased operational efficiency with tracker deployment is anticipated to boost the solar tracker for power generation market growth. Simple solar tracker circuit installations are less efficient than solar farms and individual solar installations with tracking systems.

Furthermore, these systems tend to make better use of space, which is necessary for both fixed-tilt and moving systems. These features, together with the availability of single-axis and dual-axis solar trackers, give clients a variety of alternatives and are projected to fuel global market expansion.

Key Takeaways

The single-axis solar segment is expected to develop at a 7% annual rate through 2028, owing to its improved uniformity and longer lifetime. The key aspects that are expected to improve the industry landscape are increased efficiency, cheaper costs, and ease of operation.
In 2021, photovoltaic technology accounted for more than 99 percent of the solar tracker for power generation market. The solar PV industry’s service providers are concentrating on developing innovative products with increased power production, environmental compatibility, and unit optimization in order to increase product penetration.
The solar tracker for power generation market in North America is predicted to grow at a 5% CAGR from 2022 to 2028, owing to the large-scale integration of clean energy resources into the energy mix. Fiscal incentives, federal tax credits, and leveraging schemes, as well as changing renewable energy grid connectivity requirements, will propel the power generation process scenario.
As the number of new solar projects grows at a rapid rate and various market participants develop innovative products, photovoltaic (PV) technology will capture 99 percent of the market share in 2021.

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Competitive Landscape

This solar tracker for power generation market is controlled by tracker manufacturers such as NEXTracker, Soltec, and Arctech Solar, according to the competitive landscape.

NEXTracker has the largest solar tracker project market share in the world, with contracts from governments all over the world. Other significant competitors in the industry, including Array Technologies, Exosun, and Solar Steel, are expanding their customer base and building a strong presence. In the next few years, this is projected to result in a competitive industry for tracker sales.

Key Industry Developments

Trina Solar introduced the TrinaTracker Agile 1P Dual Row, a dual-row, one-in-portrait, single-axis tracker that works with modules ranging from 400 to 670 watts. After the Vanguard series debuted in December, the Agile series joined the TrinaTracker family.

To explain the cost and output of the additional solar tracking features, Mass Megawatts announced plans for a solar tracker trailer trip using modest solar units. The tour will begin at the end of 2021, according to the business. The mobile units should assist sell the new innovation to many potential consumers who would not be easily convinced to get engaged with the new technology, with one unit exhibiting the tracker and another unit being almost identical without the solar tracking system.

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Key Market Segments

By Product:

Single Axis
Dual Axis

By Technology:

By Application:

Residential
Commercial & Industrial
Utility

By Region:

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

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Solar District Heating System Market Is Poised to Increase at A Strong CAGR of 6.8% by 2032 | FMI

The demand for solar district heating market exceeded USD 2.5 billion in 2021, and it is expected to increase at a CAGR of over 6.8% from 2022 to 2032.

The global solar district heating market is predicted to grow over the forecast period, as technology is a cost-effective and environmentally responsible way of providing heat and energy. Solar thermal is expected to meet 15–20 percent of worldwide district heat demand by 2022, according to studies.

The solar district heating market trends indicate that the industry will rise as more public and private actors participate in infrastructure development, as well as the lower operating and maintenance costs of solar district heating (SDH) systems. Their environmentally benign nature, combined with low greenhouse gas emissions and simplicity of access, will impact product uptake favourably. In addition, strong energy efficiency standards and rules are being implemented to help the sector expand.

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The emerging trends in the solar district heating market portray rapid industrialization as one of the main drivers of the industry. Globally, the number of industries is increasing. As a result, there is a significant demand for electricity and heat. This has significantly improved the sales of solar district heating systems. As a result, during the projected period, the worldwide solar district heating market is expected to be driven by increasing industrialization.

As per the solar district market report, district heating has recently emerged as one of the prospective markets for renewable energy, with solar energy likely to play a major role throughout the projection period. Solar thermal energy is widely employed in both industrial and residential settings.

Another important benefit is affordable heat, which is projected to boost the overall demand for solar district heating in the future. The global solar district heating market adoption trends are likely to be established as a prominent application category for electricity and heating.

Solar district heating market key trends & opportunities have established government rules that are aimed at lowering carbon emissions as a primary driver of the global solar district heating sector. Government incentive programmes that encourage the construction of solar district heating systems are also propelling the sector forward. Furthermore, due to environmental concerns, a majority of enterprises and government entities are switching to solar energy applications from traditional district heating systems.

Rapid urbanization is one of the primary drivers of the worldwide solar district heating market, as cities grow in size and demand for energy-efficient, low-carbon solutions increases. Solar district heating systems provide zero-emission solutions, propelling the solar district heating sector forward.

Over the projection period, the worldwide solar district heating market forecast is likely to be hampered by high initial costs associated with solar system installations. The overall market demand is projected to be hampered in the future by high heat distribution temperatures in district heating systems, resulting in low solar collector performance.

By 2025, the market for solar district heating is expected to have surpassed US$ 7 billion.

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Key Takeaways

The Asia Pacific solar district heating system market is expected to be driven by favourable regulatory policies that encourage infrastructure development and an increase in renewable energy investments.
Rapid urbanization and greater spending on solar district heating system development are expected to boost demand for solar district heating systems.
Due to increased infrastructure expenditures and solar-based power generating projects, China and Japan are likely to account for a considerable proportion of the Asia Pacific solar district heating market over the forecast period.
Due to the introduction of sustainable construction solutions as well as internal heat loads, the residential and central solar heating industry is expected to reach US$ 2 billion by 2028.
During the forthcoming years, the solar district heating market in Latin America and the Middle East, and Africa is expected to grow at a rapid pace.

Competitive Landscape

Fortum, KELAG Energie & Wärme GmbH, Göteborg Energi, Korea District Heating Corporation, Keppel Corporation Limited, LOGSTOR A/S, rsted A/S, Ramboll Group A/S, RWE, NRG Energy, Inc., Shinryo Corporation, Statkraft, STEAG GmbH, Vattenfall AB, Savosolar, and Aalborg CSP are among the major players in the solar district heating market. Mergers, joint ventures, strategic ramifications, product innovations, and contracts, among other things, is likely to boost the corporate picture.

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Radiometric Detectors Market Forecast by Type (Semiconductor, Gas ionization, Solid & Liquid Scintillators, Geiger Counter Radiometric, Magnetic, Cerenkov)

Radiometric Detectors Market

This Radiometric Detectors market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Radiometric Detectors market.

Radiometry involve techniques that uses visible light to measure electromagnetic radiations. Contrary to photometric techniques, these techniques characterize the segregation of radiation’s power in space. Radiometry is different from basic quantum techniques like photon counting. Radiometric detectors are used to analyze drug pathways, assess environmental contaminations and protect laboratory environments.

Radiometric detectors are considered to be the gold standard and are extensively used for these applications because of their high specificity and sensitivity to light. Radiometric detectors are designed for precise management of beta counting, gamma counting and related methods. Other applications that involve radiometric detectors are color processing, transport, spectroscopy, imaging applications in pharmaceutical and chemical industries and other medical communication sectors. Commonly used radiometric detectors produce several changes in their electrical attributes; mainly, voltage, current, temperature, or resistance. It is then measured electrically. Majority of the cases involve the output to be displayed by the detectors, and is then calibrated to analyze the amount of light absorbed by radiometric detectors.

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Radiometric Detectors Market: Drivers and Restraints

Growing consumer attention toward radiometric detectors and increase in product penetration, globally, is expected to contribute to the market growth for radiometric detectors during the forecast period. Rise in number of research laboratories due to improving healthcare infrastructure, worldwide, is also expected to boost the radiometric detectors market over the forecast period.

Growing awareness about user-friendly interface and automated in-built sensors used in these radiometric detectors is also expected to boost the market growth for radiometric detectors. Radiometric detectors is also experiencing an increase in demand in the automotive sector.

However, low-sensing capabilities of products available in the microplate detectors market and issues like low detection of radionuclides inside materials for various industries might hinder the market growth for radiometric detectors during the forecast period. Poor healthcare infrastructure in emerging economies and lack of popularity of radiometric detectors could also restrain the market growth for radiometric detectors.

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Radiometric Detectors Market: Region-wise Outlook

Geography wise, Radiometric Detectors market is divided into eight regions viz. North-America, Asia- Pacific excluding China & Japan, China, Japan, Western Europe, Eastern Europe, Latin America and Middle-East & Africa. North America’s Radiometric Detectors market is expanding because of growing popularity and awareness of these detectors and it will remain dominant over the period of forecast due to increase in number of research laboratories and diagnostic centers in the region.

Europe’s Radiometric Detectors market is also expected to grow at a significant rate due to increased healthcare expenditure and increased acceptance of the product in the region. Asia-Pacific’s Radiometric Detectors market is anticipated to grow at a decent rate due to low availability and low product penetration of Radiometric Detectors in the region.

Radiometric Detectors Market: Key Market Participants

Some of the market participants in the Global Radiometric Detectors market identified across the value chain include: PerkinElmer Inc., Gamma Scientific, Gigahertz-Optik, Inc., BERTHOLD TECHNOLOGIES, Geomatrix Earth Science Ltd, Inphora Inc., Sierra Olympic Technologies Inc., Mirion Technologies, Inc., and Ludlum Measurements, Inc.

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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Radiometric Detectors Market: Segmentation

On the basis of Product type, Radiometric Detectors Market can be segmented as:

Semiconductor Detectors
Gas ionization Detectors
Solid Scintillators
Liquid Scintillators
Geiger Counter Radiometric Detectors
Magnetic spectrometers
Cerenkov detectors

On the basis of Applications, Radiometric Detectors Market can be segmented as:

Proximity Detection
RGB Color Sensing
Gesture Recognition
Light Sensing
UB/IR Detection

On the basis of end users, Radiometric Detectors Market can be segmented as:

Diagnostic laboratories
Research Institutes
Biotechnology and Pharmaceutical Institutes

On the basis of geography, Radiometric Detectors Market can be segmented as:

North- America
Eastern Europe
Western Europe
Asia-Pacific excluding China & Japan
China
Japan
Middle East and Africa
Latin America

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Necrotic Enteritis Treatment Market Research, Forecast Analysis by Drug Class, Distribution Channel & Region

Necrotic Enteritis Treatment Market Overview

Global necrotic enteritis treatment market is anticipated to be valued at US$ 25 Billion in 2022, forecast to grow at a CAGR of 7.18% during 2022-2032, to be valued at US$ 50 Billion by 2032.

Necrotic enteritis, also known as necrotizing enterocolitis, is an inflammatory bowel disease that affects prematurely born babies. Premature infants are those who are born before 37 weeks of pregnancy. According to the World Health Organization (WHO), approximately 15 million premature babies are born worldwide each year, with the number steadily increasing, and approximately 1 million babies die as a result of this condition.

India has the highest number of preterm births, followed by China, Nigeria, Pakistan, Indonesia, the United States, Bangladesh, the Philippines, Congo, and Brazil. Although the causes of necrotic enteritis are unknown, in December 2018, researchers at Johns Hopkins University School of Medicine discovered the molecular cause of the condition, which is likely to be related to brain injury. Necrotic enteritis is more likely to occur in prematurely born infants who have been infected. Necrotic enteritis affects 10–12% of prematurely born infants and the majority of cases result in death.

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Which are Some Prominent Drivers Spearheading Necrotic Enteritis Treatment Market Growth?

The rising prevalence of preterm births in both developed and developing countries remains a major market driving factor in the necrotic enteritis treatment market. Increased access to good healthcare, increased awareness, and medical attention to pregnancy-related complications all contribute to an increase in treatment-seeking, which drives the growth of the necrotic enteritis treatment market.

The necrotic enteritis treatment market is heavily influenced by ongoing research to identify a causative factor, and breakthrough results may significantly increase revenue generation in the near future. Increased funding for research and development in the necrotic enteritis treatment market by probiotic manufacturing companies is expected to fuel market growth.

What are the Challenges Faced by the Necrotic Enteritis Treatment Industry?

The time-consuming nature of developing new breakthrough treatments may impede the growth of the necrotic enteritis treatment market. The unknown cause of necrotic enteritis further limits treatment options, which are frequently ineffective, limiting necrotic enteritis treatment revenue generation.

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Why is Asia-Pacific emerging as an Opportunistic Necrotic Enteritis Treatment Market?

Because of the high prevalence of preterm births in the region, Asia-Pacific is expected to be the second most lucrative necrotic enteritis treatment market. India and China are among the countries with the highest number of preterm births per year, which can have a significant impact on the necrotic enteritis treatment market.

Although the incidence of preterm birth is higher in the APAC region, a low rate of treatment seeking and product adoption limit the potential revenue generation of the necrotic enteritis treatment market.

Market Competition

Prometic Life Sciences Inc., BioGaia Probiotics, Fresenius Kabi AG, Actavis Plc. Bayer International, Alcon Laboratories, Inc., Bausch & Lomb Incorporated, GlaxoSmithKline plc. and Others are the key players in the global necrotic enteritis treatment market.

Attributed to the presence of such high number of participants, the market is highly competitive.

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Key Segments Profiled in the Necrotic Enteritis Treatment Industry Survey

By Drug Class:

Necrotic Enteritis Treatment through Inter-Alpha-Inhibitor-Proteins (“IaIp”)
Necrotic Enteritis Treatment through Antibiotics
Necrotic Enteritis Treatment through Dietary Supplements

By Distribution Channel:

Necrotic Enteritis Treatment Sales via Hospital Pharmacies
Necrotic Enteritis Treatment Sales via Retail Pharmacies
Necrotic Enteritis Treatment Sales via Online Pharmacies
Necrotic Enteritis Treatment Sales via Drug Stores

By Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific
Japan
Middle East & Africa

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Opioid Withdrawal Management Market Research, Forecast by End-user (Hospitals, Clinics, Home Settings)

Opioid Withdrawal Management Market: Overview

The global market for opioid withdrawal management is expected to charge owing to growing stringency of regulations. For example, on 12 December 2006, the U.S. President signed the Bill H.R.6344, under which the physician holding rights to prescribe opioid would have to provide opioid dependence treatment to up to 100 patients (previously 30).

Medicare, Medicaid, and other government organizations pay or supplemented payments for opioid withdrawal management treatment in almost 80% of the population. Private health insurance supplements the remaining 30% of the population. Togeather they account for large market equity for the players operating in the opioid withdrawal management market. The market trends include a definite shift in favor of developing regions of Asia Pacific, such as India and China.

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Opioid Withdrawal Management Market: Drivers and Restraints

The explosive use of opioids for management of pain, opioid abuse resulting from illegal use coupled with the perverse incentives and misdirection by pharmaceutical pain management companies are the driving factors for the market.

The National Institute on Drug Abuse and the Centers for Disease Control and Prevention, have declared that the U.S. is in the midst of an opioid epidemic. U.S. consumes about 80% of global opioids although it has less than 5 % of the world’s population. Concerns about Opioid overdose related deaths which accounted for 49,000 of the 72,000 drug overdose deaths in the U.S. in 2017 alone has generated a lot of market enthusiasm. According to the center of disease control, around 66% of the more than 63,600 drug overdose deaths in 2016 involved an opioid and on average, 115 Americans die every day from an opioid overdose

This has resulted in a cry from the media resulting in growing stringency of regulations. According to the center of disease control, the sharpest increase among the 72,000 drug overdose deaths in 2017, were related to fentanyl and analogs at nearly 30,000. The development of withdrawal clinics and the growing success of opioid withdrawal treatment especially the development of non-opioid drugs for the treatment and mitigation of opioid withdrawal symptoms is driving a faster adoption. Work place policies such as zero tolerance policies for substance abuse, regular check-ups and screening is another driver of the market.

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Opioid withdrawal management Market: Regional Wise Outlook

The global opioid withdrawal management market can be classified into the following region: North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. North America, led by the U.S., is expected to account for the largest share in the global opioid withdrawal management market, owing to the large use of opioids, large healthcare expenditure, and large per capita income in the region.

The Asia Pacific opioid withdrawal management market excluding Japan is projected to expand and dominate the scene in the near future, owing to the growing healthcare and detoxification clinics.

China and India are anticipated to account for the major share of the Asia Pacific opioid withdrawal management market growth. Germany, France and the U.K., are projected to be the largest drivers of the Europe opioid withdrawal management market. The Middle East and Africa Opioid withdrawal management market is anticipated to be dominated by the gulf economies of Saudi Arabia, Kuwait, UAE and Qatar.

Opioid Withdrawal Management Market: Market Participants

Some of the major vendors operating in the global opioid withdrawal management market are Alkermes, Inc., Orexo AB, Ethypharm, Indivior PLC, Mylan Pharmaceuticals Inc., Sun Pharmaceutical Industries, Inc., Teva Pharmaceuticals USA, Inc., Dr. Reddy’s Laboratories, Indivior PLC, BioDelivery Sciences International , Inc., Rhodes Pharmaceuticals L.P., Hikma Pharmaceuticals USA Inc., Actavis Elizabeth LLC, Mallinckrodt Pharmaceuticals and others.

The global opioid withdrawal management 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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Opioid Withdrawal Management Market: Segmentation

To gain a bird’s eye view of the global opioid withdrawal management market, the report is segmented on the basis of material of construction, application area, distribution channels and region.

Based on the drugs, the global opioid withdrawal management market can be segmented as,

Opioid Agonists
Opioid Antagonists
Antidepressants
Anxiolytics
Anticonvulsant
Others

Based on the end users, the global opioid withdrawal management market can be segmented as,

Hospitals
Clinics
Home Settings

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Dental Orthotic Devices Market Research, Insights by Type (Stabilization, Anterior Repositioning, Anterior & Posterior Bite Plane)

Dental Orthotic Devices Market: Overview

Globally increasing incidence of TMJ and teeth grinding coupled with improving treatment seeking rate are factors expected to contribute to the growth of the dental orthotic devices market. By product type, the anterior reposition dental orthotic devices is expected to be the dominant segment due to their higher adoption among the patients.

By distribution channel, the dental clinics expected to be the most lucrative segment in the dental orthotic devices market due to preferred destination of treatment by the patients. Manufacturers are exploring and innovating possibilities of different usage of dental orthotic devices such as recently specific modification in dental orthotic devices helped to improve airflow, while the patient is sleeping resulting to be the treatment for sleep apnea.

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Dental Orthotic Devices Market: Drivers and Restraints

As per the National Health Interview Survey that lasted for around two decades, the self-reported prevalence of TMJ was around 5% of adult population in the U.S. representing a significant share of population, which increased the diagnosis rate and consequently contributed to the growth of the Dental orthotic devices market. Increasing treatment-seeking rate and growing awareness regarding the possible treatment options for teeth grinding and TMJ are expected to fuel the growth of the dental orthotic devices market.

As per the National Health Interview Survey the rate with which TMJ is increasing is more than 3.5% per year and as per the National Sleep Foundation around 8.0% of adults grind their teeth during sleep and more than one-third of parents have reported the habit of teeth grinding in children. Increasing incidence of TMJ and teeth grinding is expected to fuel the growth of the dental orthotic devices market. Increasing number of surgeries for complete mouth reconstruction for better functional and aesthetic purpose globally is further expected to fuel the growth of the dental orthotic devices market.

Availability of customization in the size and shape of dental orthotic devices further will improve the patient compliance and consequently drive the growth of the market. Whereas, limited awareness regarding the treatment options available for the teeth grinding and lower treatment-seeking rate for jaw pain are factors expected to hamper the growth of the dental orthotic devices market.

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Dental Orthotic Devices Market: Regional Outlook

North America is expected to be the most lucrative dental orthotic devices market due to higher treatment-seeking rate. Europe is expected to be second most lucrative dental orthotic devices market due to higher incidence of TMJ and teeth grinding coupled with widespread awareness regarding the treatment options. Latin America dental orthotic devices market is expected to witness steady growth due to improving treatment-seeking rate.

Asia-Pacific is regarded as the emerging dental orthotic devices market due to emerging economies such as India and China coupled with improving awareness among general population about the treatment options. MEA is expected to be the least lucrative dental orthotic devices market due to lowest adoption of dental orthotic devices as a treatment option.

Dental Orthotic Devices Market: Key Players

Examples of some of the key participants operating in the dental orthotic devicesmarket are Southern Cross Dental, First Lab Direct Ltd, Dentaurum Group, Glidewell Laboratories, Sentinel Mouth Guards, Hizart Dental Laboratory, The Dental Solution Australia, Fotis Dental Laboratory, Space Maintainers Dental Labs, and S4S Dental Laboratory, among others.

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Dental Orthotic Devices Market: Segmentation

The global dental orthotic devices market can be segmented on the basis of product type, distribution channel and geography.

Based on the product type, the dental orthotic devices market is segmented as:

Stabilization Dental Orthotic Devices
Anterior Repositioning Dental Orthotic Devices
Anterior Bite Plane Dental Orthotic Devices
Posterior Bite Plane Dental Orthotic Devices
Others

Based on the distribution channel, the dental orthotic devices market is segmented as:

Hospital Pharmacies
Retail Pharmacies
Dental Clinics
Online Pharmacies

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Power Management System Market Expected to Reach US$ 6.69 Bn in 2032 | FMI

The power management system market size is expected to expand significantly at a CAGR of 6.1% during the forecast period, owing to the increasing requirement for energy efficiency throughout the industrial landscape.

Integration of sophisticated technologies such as cloud-based platforms and IoT are likely to drive rapid industrial growth. Power management systems are dedicated microsystems designed to aid in the intelligent automation of industrial power grids.

Power management systems are designed to prevent blackouts and optimize the performance of operations and vital processes in load shedding and power system control applications.

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Another significant driver of the power management system market is an increase in electricity demand. Governments and businesses all around the world are investing in the installation of grids in remote locations. The need for power management systems is expected to rise as a result of this.

As a result, an increase in electricity consumption is expected to boost the power management system market throughout the forecast period.

The growing number of renewable energy installations is one of the most notable factors driving the growth of the power management system market. Renewables are rapidly becoming the world’s fastest-growing energy source.

Despite the COVID-19-induced economic downturn, renewable energy capacity exceeded previous predictions.

The pandemic triggered by the unique coronavirus outbreak has not only resulted in a catastrophic health catastrophe but has also ushered in a new period of economic instability across a wide range of industries. This is visible in a variety of ways, most notably in energy demand and consumption patterns.

Power monitoring and control sector in the power management system market demand is predicted to be strong in industries such as oil & gas, mining, data centers, and telecom & IT. These industries are concentrating their efforts on creating a more energy-efficient system. As a result, the power monitoring and control segment is expected to grow significantly in the near future.

The end-user segment of the power management system market, oil and gas and telecom, and IT are expected to grow at a substantial CAGR throughout the projection period.

Due to frequent improvements and the introduction of new energy management technologies, the software will emerge as a key segment in the power management system market by 2027.

The Asia Pacific area is a prosperous region for the power management system market. The market in the region is likely to grow at a rapid CAGR during the forecast period as a result of increased industrialization and government attempts to electrify all areas of their respective countries.

In terms of electricity consumption in the Asia Pacific, China, India, and Japan are the leaders. The region’s need for power management systems is increasing as people become more aware of the benefits of conserving energy. During the predicted period, this tendency is likely to continue.

By 2027, Latin America is expected to account for a sizable part of the power management system market. This is mostly due to the region’s expanding grid construction and energy-related enterprises.

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Key Takeaways:

The power monitoring and control category led the market with a 23.68% share and is likely to retain its dominance during the forecast years.
With a power management system market share of 25.8%, the oil and gas category leads.

Competitive Landscape:

Some of the leading players in the power management system market include ABB (Switzerland), Siemens (Germany), Eaton (Ireland), GE (US), ETAP (US), Wartsila (Finland), and Mitsubishi (Japan).

Contracts & agreements were the most commonly adopted strategy by top players in the power management system market. It was followed by new product developments, investments and expansions, and mergers & acquisitions.

Eaton, a prominent power management company, will release its new Intelligent Power Manager (IPM) 2 software to the worldwide market in July 2021. The software, which was launched as a major component of the Eaton Brightlayer Data Centers package, was aimed to provide stronger power infrastructure control in edge computing or business applications to minimize costly outages.
In June 2021, Chile will inaugurate Latin America’s first concentrated solar power facility, which will provide 100% renewable and clean electricity to over 380,000 households. Cerro Dominador is a first-of-its-kind hybrid solar thermal and photovoltaic system in Latin America, with a total capacity of 210 MW that will deliver green energy to Chile’s power grid.

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Key segments

By Type:

Software
Hardware
Services

By Module:

Power Monitoring and Control
Load Shedding and Management
Power Simulator
Generator Control
Others

By End Use:

Marine
Oil & Gas
Data Centers
Metals & Mining
Others

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Multichannel Reagent Reservoir Market Forecast by Type (Reusable, Disposable)

Multichannel Reagent Reservoir Market Overview

Multichannel Reagent Reservoir are products used for dispensing reagent with multichannel pipets. The system consist of two parts the reusable bases with volume markings and disposable inserts that fits into the reusable base.

Their sloping V shaped structure makes it easy to pick up the sample to the last drop and deeper pour prevents spillage while emptying the reagents. Multichannel Reagent Reservoirs are available in 10 – 100 mL sizes. The Multichannel Reagent Reservoir are made up of polystyrene and polypropylene that are designed for use with automate and robotic systems. The products are autoclavable.

The Multichannel Reagent Reservoirs are all in one compact and stacked to reduce the storage space. Moreover Multichannel Reagent Reservoir can be washed and sterilized depending upon the application. Graduation marks on the walls of the trough allows easy identification. Also the lids are provided to prevent the contamination into the media.

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Factors driving Multichannel Reagent Reservoir Market

The multichannel reagent reservoirs are constructed to reduce the reagent waste. The reagents can be divided, and easily stored, and are perfect for 4, 8 and 12 channel pipetting which reduces the time while analyzing samples and performing experiments which are driving the multichannel reagent reservoir market.

The product Multichannel Reagent Reservoir are sturdy with V shaped corners to maximize the reagent recovery and minimize the spillage of the samples or the solutions. With the launch of new products such as multichannel reagents with thermo-conductive holder the sample is uniformly cold and warm and which will bring the best results.

Also due to its cost effectiveness and less complications with better usage of reagents is expected to propel the Multichannel Reagent Reservoir. Rising technology advancements is driving the Multichannel Reagent Reservoir. Multichannel Reagent Reservoir Market offers strong potential and holds a strong perception in future with its continued investment.

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Regional Market Outlook for Multichannel Reagent Reservoir Market

Geographically, Multichannel Reagent Reservoir Market is segmented into North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa and Japan. Market in North America is expected to dominate the Multichannel Reagent Reservoir Market globally followed by Europe. North America is dominant Multichannel Reagent Reservoir Market due to increasing Research and developments in US.

Also North America market is expected to surge in Multichannel Reagent Reservoirdue to the technological advancements in the region. Market in Asia Pacific region is expected to grow at a higher rate due to visible integrated volume graduations for ease of use. With the rise in research and development activities and increasing biopharmaceutical companies in Asian countries such as Japan and Australia availability of Multichannel Reagent Reservoir offer a certainty to drive progress. Regions such as Asia Pacific and Latin America for Multichannel Reagent Reservoir Market is going to further spur revenue growth during the forecast period.

Some of the major players identified in Multichannel reagent reservoir market are Bio-Rad Laboratories, Inc, Argos Technologies, Inc., STEMCELL Technologies Inc, Hirschmann Laborgeräte GmbH & Co. KG, INTEGRA Biosciences AG., Heathrow Scientific, Merck KGaA, BioCision, VISTALAB TECHNOLOGIES, INC, Thermo Fisher Scientific, EUROCLONE S.p.A., Sorenson BioScience and many more

Manufacturers for Multichannel reagent reservoir market are involved in collaboration agreements in order to exploit maximum potential. Also they are mainly focused to strengthen the core competencies of their product portfolio.

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Multichannel Reagent Reservoir Market: Segmentation

Tentatively, Multichannel Reagent Reservoir Market has been segmented on the basis of Product type, Material type, end user and geography.

Based on Product type, for the global Multichannel Reagent Reservoir Market is segmented as:

Reusable Multichannel reagent Reservoir
Disposable Multichannel reagent Reservoir

Based on Material type, for the global Multichannel Reagent Reservoir Market is segmented as:

Polystyrene
polypropylene

Based on end user, the global Multichannel Reagent Reservoir Market is segmented as:

Research Centers and laboratories
Academic Institutes
Biopharmaceutical companies
Contract Research Organizations (CROs)

Based on region, global Multichannel Reagent Reservoir Market is segmented as:

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

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