Market Research Blog

According to a new study of Future Market Insights (FMI), the automotive remote diagnostics market is projected to record a CAGR of nearly 18% through 2028. Growth of the automotive remote diagnostics market will continue to remain bolstered by a plethora of factors, which range from increasing focus of automakers on reducing maintenance cost & downtime and growing integration of IoT, to the emergence of connected car eco-systems in vehicles.

Automotive remote diagnostics market are slated to top US$ 11.6 Bn in 2022. Expanding at an impressive 18.9% CAGR, the market size is projected to total US$ 32.9 Bn by 2028.

Automotive remote diagnostic solutions have gained pervasive popularity among automakers and vehicle owners alike, in light of the value-added advantages of the technology. Reduced maintenance and service downtime, along with the identification of the bottlenecks beforehand, and enabler of on-point, efficient solutions, are some of the key benefits of the automotive remote diagnostics that are driving their demand.

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Additionally, attributes of the automotive remote diagnostics, beneficial for vehicle owners, in terms of identifying potential downturns, defects, and shortcomings of the vehicle in advance, and reducing the total time and cost spent during maintenance, are further expected to drive growth of the automotive remote diagnostics market.

The upward trend of vehicle electrification has had a massive and direct influence on growth of the automotive remote diagnostics. Additionally, recent rise in the connected-car ecosystem, along with the proliferation if IoT and connected devices in the automotive industry, will continue to favor growth of the automotive remote diagnostics market in the foreseeable future.

Automotive Remote Diagnostics Equipment to Account for Leading Market Shares

While equipment and software both form integral parts of an automotive remote diagnostics, the study finds that equipment will continue to account for leading shares of the market, owing to associated periodical replacement and maintenance activities. On the other hand, software are installed in the equipment as first fit, and are renewed on the basis of subscriptions. This further alludes high-growth potential of software solutions in the automotive remote diagnostics market.

Automotive remote diagnostics market will continue to witness robust gains from the light commercial vehicles, compared to other vehicle categories. As the logistics and transportation sector gains increased traction, vis-à-vis growth of the ecommerce and warehousing industry, light commercial vehicles are expected to record relatively greater sales compared to their past statistics. This will create significant opportunities for players in the automotive remote diagnostics market.

Automotive remote diagnostics are expected to witness high demand in vehicle system & component access, and health tracking & diagnosis applications. These application requirements are comparatively higher in commercial vehicles, and with the rise in construction and infrastructure development activities, demand for the commercial vehicles, and in turn the automotive remote diagnostics will also rev up in the near future.

Europe to Remain Most Attractive Market for Automotive Remote Diagnostics

The study finds that Europe will continue to be the most lucrative market for automotive remote diagnostics, trailed by North America. The economic vigor and robust infrastructure development activities in the region allude at significant sales of commercial vehicles, along with passenger cars, which in turn continue to drive demand for advanced solutions such as the automotive remote diagnostics. According to the study, East Asia will also remain an attractive market for automotive remote diagnostics, with sales projected to grow at a CAGR of over 20% through 2028.

The automotive remote diagnostics market continues to remain consolidated, with leading players accounting for bulk shares of the market. Additionally, the complexity and extensive R&D investments required to provide a total solution continue to present significant entry barriers to new market entrants, which further underpins the supremacy of leading players in the automotive remote diagnostics market.

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AUTOMOTIVE REMOTE DIAGNOSTIC MARKET TAXONOMY

The global automotive remote diagnostics market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach in front of the reader.

By Product Type

• Equipment
• Software

By Vehicle Type

• Passenger Cars
• Compact
• Mid-Sized
• Luxury
• SUVS
• Light Commercial Vehicles (LCVs)
• Heavy Commercial Vehicles (HCVs)

By Application

• Vehicle System & Component Access
• Vehicle Health Tracking & Diagnosis
• Service Assistance

By Region

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East & Africa

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Key players operating in the automotive remote diagnostics market include Robert Bosch GmbH, Tech Mahindra Limited, Continental AG, OnStar LLC, Vector Informatik GmbH, Transics, Verizon, ACTIA Group, Softing AG, Magneti Marelli S.p.A., IBM, and Harman International, among others.

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More than 200 thousand units of transportation condensing units were sold in the year 2022, according to the findings of a new research report of Future Market Insights (FMI). The report further projects that the unit sales of transportation condensing units will witness a promising just-under 5% yearly growth in 2019.

Sales in the global transportation condensing units market are slated to top US$ 2.8 Bn in 2022. Expanding at a healthy 5.7% CAGR, the market size is projected to total US$ 3.9 Bn by 2028.

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The demand for transportation condensing units is highly likely to be influenced by rapid industrial developments in the cold chain space, evolving federal policies, and sprawling urbanization that continues to drive demand for transportation of a range of commodities via cold storage chain.

While over 45% of the total sales is accounted by medium-to-high capacity i.e. 10-15 KW transportation condensing units, it is highly likely that the high-capacity i.e. above 15 KW transportation condensing units that currently hold just-under a fourth of the total market volume, will gather momentum in coming years. The report has attributed this growth to increasing demand for large-scale application areas.

According to the report, single-temperature, single-compartment refrigerated trailers/trucks or multi-temperature, and multi-compartment refrigerated trailers/trucks are the most prominent users of transportation condensing units.

Developed Regions Account for over 70% Share in Total Sales of Transportation Condensing Units

Europe and North America are mature transportation condensing units market, and are likely to observe modest growth rates over the coming years. Moreover, trailers are the main vehicle type using transportation condensing units in these regions. Currently, North America and Europe hold a combined volume share of over 70% in the global transportation condensing units market.

The modernization of existing stores, pack houses, and ripening facilities in Latin America and ASEAN countries are anticipated to create lucrative opportunities in the global transportation condensing units market. As indicated by the report, the market growth will be considerable in the East Asia-South Asia-Oceania cluster, over the course of coming years.

Manufacturing enterprises of transportation condensing units in China have begun to flourish in recent years. China has been a prominent contributor to the market in terms of agricultural and animal products, with an annual value of over US$ 300 billion. The inadequacy of chilling facilities will further broaden the scope of new opportunities for infrastructural development, thereby reinforcing the demand for transportation condensing units.

Competition Landscape of transportation Condensing Units is Consolidated and Turning Highly Dynamic

Transportation condensing units or transportation refrigeration units are offered with a robust portfolio of products and services, designed to help manage and monitor the cold chain of the most temperature-sensitive, perishable products, including food, pharmaceuticals, biologics and bioengineered drugs, and vaccines, in addition to some industrial chemical classes. Increasing installation of transportation condensing units for short- and long-haul applications on private and commercial carriers will continue to supplement the revenue of transportation condensing units market.

The competition landscape of the global transportation condensing units is highly consolidated, with the top two accounting for nearly 90% of the total revenue generated. Strategic efforts of a majority of leading players are most likely to remain concentrated in engineering improved designs of transportation condensing units, planning stronger product launches, and maintaining a high sustainability quotient. Constant efforts are expected to emerge in the introduction of innovative materials and technologies to extend product life cycles.

Key market players are also focused on enhancing their production capabilities, for better geographic reach. Importantly, strong distribution network, powerful customer management, and unique product and service portfolios are likely to remain the key developmental strategies of leading players competing in the global transportation condensing units market landscape. Moreover, companies will focus on the expansion in international markets by the assessment of demand patterns in various regional markets.

Prominent players in transportation condensing units market will also strategize on strengthening relationships with distribution partners and local market operators, as well as others across the supply and distribution network. Looking at the swift expansion of retail space, several companies are also investing in establishing tie-ups with a variety of retail channels. Some of the leading companies are also augmenting investments in the development of next-generation hybrid-electric transportation condensing units, according to FMI’s analysis.

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Transportation Condensing Units Market by Category

ByCooling Capacity:

• Below 5 KW
• 5 – 10 KW
• 10 – 15 KW
• 5.3.4. Above 15 KW

By Compressor Type:

• Reciprocating
• Rotary
• Scroll

By Sales Channel:

• OEM
• Aftermarket

By Vehicle Type:

• Trucks
• Trailers

By Region:

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

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Some of the key companies that have been covered in the global transportation condensing units market report, include Carrier Transicold, Thermo King, Guangzhou Snowfall Refrigeration Equipment Co., Kingtec, Zanotti, and Electric Reefer Solutions.

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Degreaser is a cleaning compound that removes water insoluble substances from hard surfaces. Industrial degreasers are generally used to remove grease, oil or similar materials from machine parts, tools, hard surface, etc. They protect machines from getting damaged by removing contaminants and undesired materials from machine parts.

There are two types of industrial degreaser – water-based and solvent-based degreaser compounds. Water-based degreasers are possess better characteristic properties as compared to solvent based degreasers.

For instance, they are non-flammable, contain less number of chemical additives and are cheap and non-reactive towards working surfaces. Solvent-based degreasers are made from natural oils or petroleum and possess high di-electric strength and perform better than water-based degreasers.

However, they are hazardous to users. Rapid Industrialization, growth of power utility units, growing automobile production and sales are some of the factors that will bring about the growth of the industrial degreasers market around the globe.

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Global Industrial Degreaser Market Dynamics

Degreasers make an indispensable component of the maintenance process of machines as they prevent machines from getting damaged by removing contaminants as well as other undesirable depositions from machine parts.

Also, high efficiency industrial degreasers result in minimization of manpower requirement and maintenance. This is precisely why the demand for high efficiency industrial degreasers is increasing form end use industries and the trend is likely to continue over the coming years.

However, strict regulations laid down by various organizations such as EPA, REACH, etc. might hamper the growth of the industrial degreaser market in near future. Manufacturers are focusing on the development of new products such as bio-based industrial degreasers to comply with the aforementioned regulations and to support the sustainable development agenda of organizations.

This, in turn, is expected to create opportunities for the growth of industrial degreaser market.

Global Industrial Degreaser Market: Regional outlook

The North American market share in the said market is anticipated to dominate in the upcoming years as consumers, in particular, the industrial workers, are exhibiting higher preference towards using these products in their day to day activities. North America Industrial degreaser market is expected to register healthy growth over the forecast period.

Similarly, the European region, particularly the western part of the region, is also expected to grow at a steady pace owing to the growing number of large manufacturing units being set up in many countries of the region.

Low awareness and general lack of attention towards hygiene displayed by industrial workers in the Asia Pacific region might hamper the growth of the industrial degreasers market in years to come. However, some relief may be provided by the manufacturing sector in the region.

With the rapidly growing manufacturing sector in developing countries such as China and India, the Industrial degreaser market is also anticipated to grow and register a healthy CAGR over the forecast period.

Lastly, the slow growth of the industrial sector in the Middle East and Africa region will affect the industrial degreaser market is a negative way. This region is anticipated to register sluggish growth in the Industrial degreaser market over the forecast period.

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Global Industrial Degreaser Market Players

Examples of some market participants in the Global Industrial Degreaser market, identified across the value chain, include Carroll Company, Nyco Products Company, Elevance Renewable Sciences, Inc., Baron-Blakeslee Sfc Inc., Stepan Company, NGCT Cleansys Pvt. Ltd., ABRO Industries, Inc., BG Products, Inc., Auto Industrial Marine Chemicals, Inc., 3M Company, BASF SE, The Dow Chemical Company, Radiator Specialty Company, Cox Industries, CRC Industries and 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.

About FMI

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

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The global demand for commercial aircraft video surveillance systems is expected to remain strong, at an estimated CAGR of 5.1% over 2022-2028. Cabin and cockpit surveillance systems will remain among the most sought after products in commercial aircraft video surveillance systems market, according to FMI’s analysis.

Commercial Aircraft Video Surveillance Systems Installation Favored by Regulatory Standards

With growing incidences of terror attacks and a number of serious illegal activities at national as well as international levels, it is most likely that the rate of adoption of advanced security solutions will see healthy growth, subsequently driving the commercial aircraft video surveillance systems market.

After the 9/11 attack at the World Trade Centre and a heap of other instances over the years, the concept of commercial aircraft video surveillance systems came into existence. North America is projected to remain a prominent region in terms of market share in the commercial aircraft video surveillance systems market.

The growing number of air travel passengers has also created demand for travel security solutions, which is boosting demand for commercial aircraft video surveillance systems. Global organizations, such as ICAO (International Civil Aviation Organization), Federal Aviation Administration, European Aviation Safety Agency amongst others, have mandated installation of commercial aircraft video surveillance systems within all commercial aircrafts, providing a prominent impetus to the demand growth of commercial aircraft video surveillance systems.

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Cabin & Cargo Surveillance Systems Gaining Ground in Commercial Aircraft Video Surveillance Systems Market

Based on the type of aircraft, commercial aircraft video surveillance systems market is likely to sustain ~70% of the demand from single aisle (narrow body) aircraft. As the number of jet planes has been estimated to almost double by the end of next decade, commercial aircraft video surveillance systems are poised to experience healthy growth in sales over the coming years.

Cockpit surveillance systems and ground manoeuvring camera systems have been installed in a majority of aircrafts. However, there has been rise in demand for cabin and cargo surveillance systems to monitor passenger and crew safety. The day/night capability camera system to analyze passengers’ behavior in a variety of cabin conditions such as dark or light is gaining popularity in commercial aircraft video surveillance systems market.

Air cargo currently represents over 35% of the global trade, by value. Major E-Commerce players such as Amazon, Alibaba, and eBay among others have been registered high reliance on air transport for express deliveries, thereby creating significant opportunities for commercial aircraft video surveillance systems installation within cargo planes.

Europe Accounts for Nearly 1/4^th Share of Market Revenue

Substantial fleet size and aircraft production have been placing North America at the leading position in commercial aircraft video surveillance market. As suggested by FMI’s report, Europe will also be a significant region, with ~25% revenue share in the global commercial aircraft video surveillance systems market.

Asia Pacific’s market for commercial aircraft video surveillance systems is anticipated to expand at relatively higher growth rate owing to the growing investments for the development of aerospace industry, rapidly expanding fleet, and increasing production and number of air travel passengers.

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Automotive Brake Valve Market by Category

By Aircraft Type :

• Narrow Body
• Wide body
• Regional Jets
• Turboprop

By Product Type :

• Cabin Surveillance System
• Cargo Surveillance System
• Cockpit Access Surveillance System
• Ground Manoeuvring Camera System

By Application :

• Personal and Passenger
• Logistics and Cargo

By Assembly :

• Retro Fit
• Line fit

Global :

• North America
• Latin America
• South Asia
• East Asia
• Oceania
• Middle East and Africa
• Europe

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Commercial Aircraft Video Surveillance Systems Market: Key Vendors

The report highlights some of the top companies operating in the global commercial aircraft video surveillance systems market such as Securaplane Technologies Inc. (Meggitt Plc), UTC (United Technologies Corporation), Airbus S.A.S., AD Aerospace, Global Airworks Inc., Latecoere Group, navAero AB, Orbit Technologies Ltd., Cabin Avionics Limited, and Kappa Optronics GmbH.

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

Contact:

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Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
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RNA Isolation and Enrichment Reagent Market Overview

RNA Isolation and Enrichment Reagent Market structure analysis discusses in detail companies with their profiles, revenue shares in market, comprehensive portfolio of their offerings, networking and distribution strategies, regional market footprints, and much more.

RNA isolation and enrichment is part of the next-generation sequencing technique or studying viral genome variability. RNA isolation is the process of purifying RNA from biological samples to prevent RNA from degrading. RNA enrichment helps to sequence-specific RNA instead of the entire genome to obtain more accurate results in next-generation sequencing.

RNA isolation and enrichment reagent are used to isolate RNA from human, animal, plant, yeast, bacteria or virus and can perform well in large tissue by simultaneous extraction. RNA extracted with the help of RNA isolation and enrichment reagent can be used for RT-PCR, RNase protection assay, molecular cloning, northern blot analysis and others.

Reduced and delayed research and development activity rate across biopharmaceutical and biotech industry is expected to reduce the demand for RNA isolation and enrichment reagent for short-term. However, this is projected to remain positive in long term scenario and growth trends will remain positive for the next decade.

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Manufacturing and supply chain activities of RNA isolation and enrichment reagent market are expected to hamper due to lockdown situation across the dominant regions of the world amid Covid-19 pandemic.

The rise in the prevalence of viral infections is expected to drive RNA isolation and enrichment reagent market growth. With developments in next-generation sequencing activities, the leading industry players are investing in the RNA isolation and enrichment reagent market.

Increasing technological advancements in genetic engineering are expected to boost RNA isolation and enrichment reagent market growth. Increasing awareness and diagnosis rate is expected to propel RNA isolation and enrichment reagent market growth. The requirement of highly skilled labour and time-intensive sample preparation method can hinder RNA isolation and enrichment reagent market growth.

TRIzol reagent is expected to hold the majority revenue share in the RNA isolation and enrichment reagent market during the forecast period. Based on application, diagnostics hold the major share of the RNA isolation and enrichment reagent market with increasing cancer and infectious disease cases.

Whereas, drug discovery will observe a significant rise in demand for the RNA isolation and enrichment reagent market due to increasing investment for research and development activities. Biopharmaceutical companies and clinical laboratories are the largest end-user in the RNA isolation and enrichment reagent market with increasing diagnosis rate.

North America will continue to dominate the RNA isolation and enrichment reagent market in the coming decade with a high rate of prevalence of influenza infections. Europe is the second leading region in RNA isolation and enrichment reagent market with increased investments towards research and development activities.

Asia-pacific is lucrative with a higher growth rate in the RNA isolation and enrichment reagent market during the forecast period with a large patient population and diagnosis rate in the region. The Middle East and Africa are expected to observe the least growth in RNA isolation and enrichment reagent market due to less healthcare expenditure in the region.

Poor economic conditions in the Middle East and Africa make these market untapped regions with fewer growth opportunities in RNA isolation and enrichment reagent market.

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Some key players contributing in RNA isolation and enrichment reagent market are

• Thermo Fisher ScientificInc.
• IlluminaInc.
• Agilent Technologies Inc.
• F. Hoffmann-La Roche AG
• Pacific Biosciences of CaliforniaInc.
• Oxford Nanopore Technologies
• QIAGEN
• Fluidign Corporation
• Bioline
• Takara Bio Inc.
• ArcherDXInc.

Surging carbon footprint attributed to heavy automotive usage has led manufacturers to improve existing vehicle tire designs has significantly heightened demand for low rolling resistance tires, according to ESOMAR-certified Future Market Insights’ (FMI) latest research report. As per the study, the global low rolling resistance market is slated to surpass a staggering CAGR of 11% across the forthcoming decade.

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Key manufacturers are increasingly focusing on achieving fuel economy, one of the top priorities in the global fight to achieve environmental sustainability in the automotive domain. The United States Department of Energy advocates that adopting low roller resistance tires can yield around 5-15% of fuel economy. A 5% reduction in rolling resistance would improve fuel economy by approximately 1.5% for light and heavy duty vehicles.

Prominent manufacturer Bridgestone Group offers revolutionary solutions contributing to CO2 emissions reductions by customers and partners across society. To accelerate its contributions, it has set the focused target towards 2030: contributing to global emissions reduction across the lifecycle and value chain. For the target of a 25 percent reduction in tire rolling resistance by 2020, it achieved a 23 percent reduction in 2019.

Key Takeaways from FMI’s Low Rolling Resistance Tire Market Study

• By vehicle type, passenger vehicles to emerge as primary low rolling resistance tire end-users
• Wide band width low rolling resistance tires to account for nearly a quarter of the global demand
• Sales across the aftermarket segment are likely to surpass an impressive valuation, given the ever expanding volumes of global transportation fleet
• US to experience noteworthy expansion amid robust presence of regional level tire manufacturers
• India and China to generate lucrative opportunities across South Asia & East Asia, collectively experiencing over 3x growth
• Massive investment projects to augment production capabilities to bolster demand across Japan
• Broadening EV market to widen low rolling resistance tires adoption across Germany

“Visibly increasing consumer tilt towards commercial vehicles for long distance travel is likely to amplify sales of low rolling resistance tires by prominent automotive manufacturing giants,” says the FMI analyst.  

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Competitive Landscape

Bridgestone Corporation, The Goodyear Tire & Rubber Company, Sumitomo Rubber Industries Ltd., Pirelli & C S.p.A, Hankook Tire, MICHELIN, Continental AG, Trelleborg AB, The Yokohama Rubber Co. Ltd, Apollo Tyres Ltd., Maxxis International (Cheng Shin Rubber), Marangoni S.p.A and MRF Tyres are some prominent players operating in the low rolling resistance tire market.

Emphasis on lightweight tires is prompting prominent players to introduce appropriate product portfolios. For instance, in April 2021, Milan-based Pirelli & C S.p.A introduced P ZERO RACE Tub SL, a new rubber, equipped with a special inner tube which guarantees a reduction in overall tire weight exceeding 10%, while maintaining the same grip, smoothness and reliability for bicycles.

Manufacturers are also focusing on offering customized solutions to appropriate end-use industries. Hankook Tire, for instance, announced in April 2021 that it intends to supply original equipment for Porsche 718 Boxster and Cayman models, including tailor-made Ventus S1 evo 3 tires in sizes 235/40 ZR19 (92Y) N-O for the front axle and 265/40 ZR19 (98Y) N-O for the rear axle.

Key Segments Covered

Vehicle Type

• Passenger Vehicle
• Light Commercial Vehicle
• Heavy Commercial Vehicle

Width Type

• Dual Type
• Wide Band Type

Sales Channel

• OEM
• Aftermarket

Region

• North America (US and Canada)
• Latin America (Brazil, Mexico and Rest of Latin America)
• Europe (Germany, France, Spain, UK, Italy, Nordics, BENELUX, Russia and Rest of Europe)
• East Asia (China, Japan and South Korea)
• South Asia (India, Malaysia, Thailand, the Philippines and Rest of South Asia)
• Oceania (Australia and New Zealand)
• Middle East & Africa (GCC, South Africa, Turkey and Rest of MEA)

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Osmium belongs to platinum group family and is obtained when platinum metal is extracted from its ores. Osmium is found in nature alloyed with iridium and as a trace component of many ores such as copper and nickel. Hence, osmium is mainly produced as a byproduct of platinum extraction. It is one of the densest elements found in nature and is blue grey in colour.

Osmium is represented by the symbol Os and its atomic number is 76. The metal is hard and brittle, which remains lustrous even at very high temperature. Osmium is generally produced in the form of powder since it is difficult to shape owing to its hardness. The amount of osmium produced per year is trivial, which is less than a ton.

Osmium exhibits low compressibility and has high bulk modulus. Osmium is toxic in nature when it is exposed to air and undergo chemical reaction to form osmium tetroxide. Osmium is highly volatile as well as water soluble in nature and the metal has very low vapour pressure and exhibits high melting point.

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There are numerous regulations on the use of osmium owing to the aforementioned properties it possess.

Osmium is used in many alloys, which find significant applications in end use industries due to the quality osmium can impose on end products such as corrosion resistance and hardness. For instance, osmium alloys are used to manufacture pen nibs, compass needles, and electrical contacts, among others. Osmium-tungsten was used in filaments of light bulb as well.

Apart from these osmium can be used as a catalyst at industrial levels that increments the market value of osmium considerably. Osmium tetroxide is popularly utilized in chemical industry since it is strongly oxidising and volatile. However, proper precautions need to be taken while using osmium tetroxide in laboratories.

The reflectivity of osmium makes it desirable in space based UV spectrophotometer applications as well. The alloys of osmium are used in manufacturing several surgical implants and instruments, due to its inert nature.

Osmium Market: Market Dynamics

The sustainable development in the global chemical industry is expected to boost the demand for osmium over the forecast period. Growing applications of osmium in fingerprint detection, optical and electron microscopy and also in staining fatty tissues in various research institutes are the drivers, which can bolster the market growth in the upcoming years.

The growing trend of using osmium for innovative medical technologies is expected to boost the overall demand for the osmium market.Furthermore, stagnant price of osmium makes it more popular in end use industries. However, the toxic nature of osmium necessitates optimum storage facilities, which may act as a low impact restraint for the market growth.

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Osmium Market: Regional Outlook

The increasing preference for sustainable technology augments the production of osmium significantly. The global osmium market is projected to grow with a substantial CAGR over the forecast period. In terms of consumption, North America is expected to be the prominent market for osmium, followed by Europe.

Moreover, Asia Pacific is expected to be a substantial producer of osmium. China, being the major exporter of osmium, contributes significantly to the global market share.

Osmium Market: Market Participants

Examples of some of the market participants in the global osmium market, identified across the value chain include, American Elements, Ceimig Limited, Cleantech and Reade International Corp, 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.

Osmium Market: Segmentation

Osmium market is segmented on the basis of form, application and grade mainly.

On the basis of form, the global osmium market can be segmented into;

• Pellets
• Rod
• Granules

On the basis of grade, the global osmium market can be segmented into;

• Technical Grade
• Analytical Grade

On the basis of application, the global osmium market can be segmented into;

• Electrical Contacts
• Instrumental Pivots
• Fountain Pen Nibs
• Others (clock bearings, compass needles, gramophone, etc.)

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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.

About FMI

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

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According to Future Market Insights (FMI), the global automotive active purge pump market is projected to expand at a CAGR of 11.2% between 2021 and 2031. As the focus on reducing vehicular emissions gains traction, sales of active purge pumps for automobiles will grow.

The overall market valuation will total US$ 192 Mn in 2031, up from US$ 66.3 Mn recorded in 2021. Growth will continue as automakers exhibit higher inclination for integrating effective emission control systems in vehicles they manufacture. Supporting this will be consistently expanding market fuel-efficient vehicles.

Rising cognizance of emission control and scramble for fuel efficiency among motorists is likely to propel growth of the automotive active purge pump market.

Poor air quality caused by fossil fuel continues to be a major source of concern in metropolitan areas, necessitating the installation of an automobile active purge pumps for effective emission control in vehicles.

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According to organizations such as the World Health Organization, urban air pollution is still a serious problem that can be addressed with proper emission management. As a result, demand for effective automobile emission control technologies, such as automotive active purge pumps is at all-time high.

Key Takeaways from Market Study

• By material type, the non-metal segment is expected to account for a share of more than 70% in the global market. The high demand for non-metal automotive active purge pumps can be ascribed to their cost-effectiveness and easy availability.
• By manufacturing process, others segment is expected to be the leader with a share of more than 40%.
• By sales channel, the OEM segment will dominate the market, accounting for nearly 65% of sales.
• By vehicle type, passenger car segment projected to dominate the market, accounting for more than 77% of the total demand.
• By region, Europe is expected to have the largest share in the global market, accounting to more than 49% of sales.

“Government intervention for effective emission control and increasing number of programs intended to reduce vehicle emissions are projected to push growth in the automotive active purge pump market. With the increasing popularity of hybrid cars, makers of automotive active purge pumps will have impressive opportunities for sales in the future” says a Future Market Insights analyst.

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Key Market Segments Covered

By Material Type :

• Metal
• Non-Metal

By Manufacturing Process :

• Cutting
• Vacuum Forming
• Injection Molding
• Others

By Sales Channel :

• OEM
• Aftermarket

By Vehicle Type :

• Passenger Vehicle
• Commercial Vehicle

By Region :

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

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Automotive Active Purge Pump Market Competitive Landscape

Key players operating in the market are Denso Corporation, Continental AG, Vitesco Technologies, Hyundai Kefico, Agilent Corporation, Robert Bosch GmbH, Rheinmetall Automotive, and others.

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About Future Market Insights (FMI) 

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

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Peripherally Inserted Central Catheters Market Overview

Peripherally Inserted Central Catheters Market structure analysis discusses in detail companies with their profiles, revenue shares in market, comprehensive portfolio of their offerings, networking and distribution strategies, regional market footprints, and much more.

Peripherally inserted central catheters (PICC) are the flexible, soft and thin tube of silicone or polyurethane applicable for intravenous medicinal fluid administrations, blood extraction, chemotherapy and parenteral nutrition.

Peripherally inserted central catheters (PICC) are used for intravenous administration of drugs for several weeks and are available into wide variety specific to the disease’s type and duration of therapy. The global peripherally inserted central catheters (PICC) is expected to grow due to the elevating uses of peripherally inserted central catheters (PICC) in healthcare, favorable reimbursements and various other driving factors.

Coronavirus pandemic has further propelled the growth of global peripherally inserted central catheters (PICC) market due to the advanced and favorable features including high compliance by medical professionals for its safety, efficacy, reliability, easy blood sampling and long dwelling time for central and peripheral venous access in Coronavirus infected patients.

The global peripherally inserted central catheters (PICC) market is driven by its increasing preference and applications into intravenous drugs administration, high healthcare expenditure, technological advancements and progressing R&D of peripherally inserted central catheters (PICC).

However, the dearth of specialized catheterization professionals, bloodstream infection risk, deep vein thrombosis and stiff competition with midline catheters decelerates the growth of global peripherally inserted central catheters (PICC) market.

Although the overall global peripherally inserted central catheters (PICC) market is anticipated to grow with the technological advancements of peripherally inserted central catheters (PICC), surging demands and the emerging novel technologies including anti-microbial and anti-thrombogenic peripherally inserted central catheters (PICC) are expected to streamline the growth of global peripherally inserted central catheters (PICC) market.

The global peripherally inserted central catheters (PICC) market is poised to grow with the attribution contribution of its increasing applications and high compliance by medical professions for intravenous drug administration, advancing technologies and research.

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By product, power injected peripherally inserted central catheters leads the peripherally inserted central catheters (PICC) due to their advantages in intensive care unit applications including high-flow infusions, high-pressure injection and hemodynamic monitoring during radiological procedures.

By design, triple lumen dominates the global peripherally inserted central catheters (PICC) designs due to its safety, accessibility to run different infusions using only one access site. By end-user, hospitals lead the global peripherally inserted central catheters (PICC) end-users due to the advanced diagnostic and treatment facilities, equipped with specialized professionals, reimbursement and collaborations with the government.

North America holds the largest global market of peripherally inserted central catheters (PICC), driven by the massive burden of cancer, viral infections and cardiovascular diseases and the high demand of peripherally inserted central catheters (PICC), advanced healthcare and research.

Europe holds the second largest global market of peripherally inserted central catheters (PICC) and is growing at a significant rate, with the large patient pool, advanced healthcare and technologies and high demand of global market of peripherally inserted central catheters (PICC).

Asia-pacific peripherally inserted central catheters (PICC) market is growing at fastest pace with wide applications into long-term chemotherapy for malignancies, increasing cases of cardiovascular diseases, increasing disposable income, progressing R&D and healthcare technologies, governments aid and reimbursements.

Latin America peripherally inserted central catheters (PICC) market is growing moderately with the rising patient pool, geriatric populations, improving healthcare and medical tourism. MEA &Africa peripherally inserted central catheters (PICC) market is growing gradually with the increasing awareness, evaluation studies and implementations into healthcare practices.

The key players of global peripherally inserted central catheters (PICC) market include AngioDynamics, Medtronic, CR Bard, B. Braun, Becton, Dickinson and Company, Teleflex, Vygon, Argon Medical Devices and Boston Scientific.

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The report covers exhaustive analysis on

• Market Segments
• Market Dynamics
• Historical Actual Market Size, 2015 – 2019
• Market Size & Forecast 2020 to 2030
• Market Current Trends/Issues/Challenges
• Competition & Companies involved
• Market Drivers and Restraints

Regional analysis includes

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East & Africa

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Key Segments

The global peripherally inserted central catheters (PICC) market is segmented into product, design, end-user and regions.

Product:

• Power Injected Peripherally Inserted Central Catheters
• Conventional Peripherally Inserted Central Catheters

Designs:

• Single Lumen
• Double Lumen
• Triple Lumen

End-user:

• Hospitals
• Ambulatory Surgical Centers
• Catheterization Laboratories

About FMI:

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

Contact Us:
Future Market Insights,
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
Website: https://www.futuremarketinsights.com
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