Market For Refrigeration Leak Detectors Is Anticipated To Grow At A 3.1% CAGR From 2020 To 2030: FMI

Future Market Insights in its latest market research, the global refrigeration leak detector market is poised to record 3.1% CAGR during the assessment period, 2020-2030. North America is anticipated to register substantial growth in the next decade. The region is expected to create an incremental $ opportunity worth US$ 5.5 Mn by 2030, with the U.S contributing the maximum revenue share.

The refrigeration leak detector market has witnessed increased uptake in recent years as it helps to eradicate the harmful effect of climate change and global warming. These detectors aid in holding harmful gases leakage through several approaches. Moreover, in recent times, prominence on multifunctional detectors that offer other benefits has amplified.

The COVID-19 outbreak has resulted in sluggishness, with the worldwide economy reflecting acute signs of depression. Consequently, the market might record a significant decline. Nationwide lockdowns have notably hindered the supply of refrigeration systems in various nations. Following an optimistic approach, FMI forestalls the worldwide economy to recoil amid the next 5 to 8 quarters, mainly supported by increasing infrastructure investments and healthcare spending. As a result, the market for a refrigerator leak detector will experience moderate recovery throughout the consequent years.

“The refrigeration leak detector market will be profoundly influenced by strict environmental regulations, stimulating players to dole out sophisticated devices on the basis of innovations, allowing them to carve a niche for themselves,” opines FMI analyst.

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Refrigeration Leak Detector Market – Key Takeaways

  • In terms of end-use, the Industrial-grade category will remain significant, holding close to 60% of the revenue.
  • Based on product type, increased demand for efficacy is escalating the implementation of handheld leak detectors.
  • Electric detectors category will be towering in the worldwide market as well as will be touching a valuation of US$ 133.3 Mn towards 2030 end.
  • South Asia & Pacific will contribute close to a quarter of the overall market share, due to amplifying emission levels.

Refrigeration Leak Detector Market – Key Trends

  • Growing trend of utilizing IoT and smart sensors for monitoring the refrigeration will allow the production of these detectors in a flexible manner and offer precise conditions in the market.
  • High price of replacing the refrigerant offsets the expenditure sustained on repairing and locating potential leaks, this boosts the market demand for refrigeration leak detectors from residential and commercial grade appliance users in the coming years.

Refrigeration Leak Detector Market – Regional Analysis

  • North America is projected to record notable progression in the forthcoming decade. The region will generate an incremental $ opportunity valuing US$ 5.5 Mn towards 2030 end, with the U.S putting up the highest revenue share.
  • South Asia & the Pacific will record a huge rise as the majority of the population resides in the tropical areas, exposing individuals to extremely higher temperatures.
  • Increasing industrialization as well as the growth of trade & commerce has increased the implementation of cooling and refrigerating systems over prominent verticals in the East Asian nation. China is at the vanguard of the East Asian expansion, contributing the highest revenue share.

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Refrigeration Leak Detector Market – Competitive Landscape

Leading companies functioning in the global refrigeration leak detector market include Elitech Technology Inc., Fieldpiece Instruments Inc., CPS Products Inc., AGPTEK, MSA Safety, ACME Engineering Products Ltd., KANE INTERNATIONAL LIMITED, Bacharach Inc., Emerson Electric Co., Robinair, Ritchie Engineering Inc., Testo SE & Co. KGaA and INFICON.

Prominent companies in the scenario are focusing on developing multi-functional leak detectors, a combination of IoT as well as leveraging e-commerce platforms to enter potential markets. Furthermore, partnerships and collaborations are assisting them in increasing their distribution networks all over the world.

Refrigeration Leak Detector Market Segmentation

Product Type

  • Halide Detector
  • Electronic Detector

Operation

  • Hand-held
  • Benchtop

End-Use

  • Industrial
  • Research & Academia
  • Maintenance Service Providers

Region

  • North America (U.S & Canada)
  • Latin America (Mexico, Brazil & Rest of Latin America)
  • Europe (Germany, Italy, France, U.K, Spain, Russia & Rest of Europe)
  • South Asia & Pacific (India, ASEAN, Oceania & Rest of South Asia & Pacific)
  • East Asia (China, Japan & South Korea)
  • Middle East & Africa (Turkey, Northern Africa, South Africa & Rest of MEA)

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Get Valuable Insights into the Refrigeration Leak Detector Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global refrigeration leak detector market, presenting historical demand data and forecast statistics for the period from 2020-2030. The study divulges compelling insights on the refrigeration leak detector market, allowing readers to glean qualitative and quantitative information which will enable them to make informed market decisions in the upcoming forecast period.

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By The End Of 2030, Bond Magnet Market Is Projected To Grow At A Healthy CAGR Of 5% And Reach US$3.52 Billion: FMI

The market for bonded magnets is currently estimated to be worth around US$ 2.38 billion, and by the end of 2030, it is expected to grow at a healthy CAGR of 5% to reach US$ 3.52 billion. In 2021, sales of bonded magnets represented an 8% market share worldwide.

Rising competition in the electronics industry worldwide is fostering innovations in the material development of lightweight material housing for e-drive systems. Bonded magnets market is growing in line with the trend as lightweight, yet cost-effective components remain the top priority of industry executives.

In an updated edition of its analysis, Future Market Insights, an ESOMAR-certified market research firm, revised the projection to a 5% CAGR. The sluggishness caused by the COVID-19 pandemic shockwaves is reflected in this revised projection.

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Bonded Magnets Market Size Study

  • The global bonded magnets market is expected to register revenues worth around US$ 3.5 Bn in 2030
  • Neodymium (NdFeB) magnets would remain highly preferred under rare earth bonded magnets
  • Calendaring bonded magnets to account for over 60% of overall market value
  • Market players to tap the growth potential in consumer electronic appliances and medical devices
  • Adoption of bonded magnets to remain prominent in sensors and motors

“Bonded magnets are highly beneficial in medical devices such as MRI machines, and other health monitoring devices as they provide better sterility to this equipment as well as are used to affix components for ingress protection. The adoption of bonded magnets in medical devices is expected to rise at nearly 6% CAGR through 2030,” says analysts at FMI.

COVID-19 Impact on Bonded Magnets Market

COVID-19 has severely impacted the bonded magnets market, bringing extended global supply chain strategies under scrutiny. Sudden shutdowns of manufacturing units in China – the largest producer of rare-earth minerals – and the subsequent ripple effect is triggering widespread chaos across the global market.

Studies reveal that the worldwide sales of light vehicles (LV) are expected to slump by 17.2% in 2020. Moreover, the global sales of electric vehicles (EV) are anticipated to drop by 18% in 2020. Moving forward, the global consumer electronics industry has witnessed a steep decline in sales tantamount to around 60% towards the end of Q2 of 2020.

Bonded magnet manufacturers are heavily dependent on automotive and consumer electronics industries for revenue generation – over 40% collectively. As such, sales dip in both the end-use industries is putting a dent on the demand growth of bonded magnets market. On the flip side, the overall situation of the market is likely to stabilize in H2 of 2020 and Q1 of 2021, as the COVID-19 pandemic subsides.

Bonded Magnets Market: Competitive Intelligence

The global bonded magnets market is fairly consolidated with leading players capturing a significant chunk of total market value.

  • Hitachi Metals, Ltd.,
  • Shin-Etsu Chemical Co., Ltd.,
  • Ningbo Yunsheng Co. Ltd.,
  • TDK Corporation, and
  • Advanced Technology Materials Co. Ltd.

comprise of tier-I players in the market.

Leading market players are focusing on acquisitions as well as innovating their product offerings in order to expand their regional footprint and boost sales growth. Case in point,

  • In Jun 2019, TDK Corporation took over Showa Denko K. K.’s neodymium magnet alloy R&D center
  • Magnequench International LLC is developing bonded magnets with high-temperature aging attributes. The magnets are suitable for injection molded and compression-molded automotive applications that require optimal aging properties

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Bonded Magnets Market Key Segment

Product Type

  • Rare Earth Magnets
    • NdFeB
    • SmCo
  • Ferrite Magnets
  • Others (Alnico, SmFeN, Hybrids)

Process Type

  • Injection Molded Bonded Magnets
  • Compression Bonded Magnets
  • Calendaring Bonded Magnets
  • Extrusion Bonded Magnets

Application Type

  • Sensors
  • Motors
  • HDD (Hard Disk Drives)
  • Level Gauges
  • Instrument Panels
  • Copier Rotors
  • Fuel Filters
  • Magnetic Couplings

End-use Industry

  • Automotive
  • HVAC Equipment
  • Medical Devices
  • Cameras
  • Consumer Electronic Appliances
  • Computers and Magnetic Storage Devices
  • Electrical Equipment
  • Measurement Instruments
  • Printer and Copiers

To Know More About Bonded Magnets Market:

A new market research report published by Future Market Insights (FMI) on the global bonded magnets market report offers comprehensive insights into the market demand trends and analysis of opportunities over the forecast period, 2020-2030.

The report examines the bonded magnets market through five different segments – product type, process type, end-use industry, application type, and region. The bonded magnets market report also provides extensive assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in the manufacturing of bonded magnets and product adoption across several end-use industries.

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Agriculture Equipment Sales Are Anticipated to Reach 6.7 Million Units by 2031: FMI

Agriculture equipment sales are projected to reach about 6.7 Mn units by 2031 due to the growing use of modern farm machinery. The top 5 market players collectively held a 44 percent market share in 2021, as the Agricultural Equipment Market experienced year-over-year (YOY) growth of 3.7 percent between 2020 and 2021. Between 2021 and 2031, the market for agricultural equipment will grow at a consistent CAGR of 4.8 percent. By the end of 2021, the market value is anticipated to reach US$ 65 Bn.

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Growing popularity of precision farming is augmenting the demand for modern agricultural equipment. With the integration of artificial intelligence (AI) and internet of things (IoT), the sales of agriculture equipment are soaring. Smart farming is gaining traction.

Introduction of electric agricultural equipment has completely changed the market scenario. These equipment does not only minimize the emissions but also reduce costs and improve efficiency.

New trends of agricultural robotics and driverless machines are attracting large number of farmers to upgrade their equipment systems.

As per FMI, the agricultural equipment market will surpass a valuation of US 65 Bn by 2021 end.

“Technological advancements in agricultural equipment and the availability of farm equipment rentals will offer lucrative growth opportunities for the manufacturers in the future” says the FMI analyst.

Key Takeaways from FMI’s Agricultural Equipment Market Study

  • Europe dominates the ground support equipment market as a result of increasing agricultural mechanization and presence of leading manufacturers. The market in the region is set to register steady growth at 4.4% CAGR between 2021 and 2031.
  • The U.S. is expected to register a strong CAGR during the forecast period as a result of rapid technological advancements and availability of equipment leasing.
  • With implementation of favorable governmental policies, China is anticipated to emerge as the leading market for agricultural equipment.
  • Top 5 players operating in agricultural equipment market collectively account for 44% market share.
  • By product type, tractors dominate the agricultural equipment market with their multipurpose nature.

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Competitive Landscape

Key players operating in agricultural equipment market are investing heavily on research and development activities. They are adopting various organic and inorganic growth strategies such as mergers and acquisitions, advanced product development and collaborations to gain a competitive edge in the market. For instance,

In August 2021, Precision Planting, LLC a subsidiary of AGCO Corporation announced an agreement to acquire the business and assets of Headsight, Inc., a leading precision agriculture harvesting solution company. The acquisition will help the company to offer farmers a range of industry-leading precision ag technologies across the crop cycle that will help them to maximize their value and output while minimizing inputs and impact.

In 2021, XAG Co., Ltd. Launched XAG R150, a jet sprayer system to pollinate fruit trees. A specially mixed solution of pollen is poured into the R150’s liquid tank before it is sent on a predetermined route around an orchard to spray pollen.

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Fortified Foods Market is Projected to Reach a Value of US$ 234,253.7 Mn by 2031 | FMI

The global fortified food market is projected to reach a value of US$234,253.7 Mn by 2031, growing at a positive CAGR of 6.3% for the forecast period of 2021-2031. Driven by rising health awareness and consumers’ willingness to spend more on fortified food in emerging economies, the fortified food market- valued at US$127,161.0 Mn in 2021- is showing significant growth.

The addition of micronutrients like vitamins and minerals to foods and condiments makes up the entire food fortification process. This is an age-old process that is receiving greater attention in the present day due to the consumer’s increasing awareness of the benefits of nutritious food. Organizations in the market are enhancing their food formulations by adding vitamin and mineral premixes to gain traction with health-conscious consumers.

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Rising cases of nutritional deficiencies, especially in developing countries have pushed governments across the world to introduce food fortification programs to combat these issues. Food fortification is a cost-effective strategy that improves the nutrition status of populations and offers high economic benefits at the same time. All these factors, coupled together, help in the market expansion of fortified foods.

“Considered a high-priority investment coupled with its cost-effectiveness will boost the global market growth of fortified food market for the forecast period,” says an FMI analyst.   

Key Takeaways:

  • Dietary deficiencies to boost market possibilities.
  • The U.K. is projected to experience substantial growth in the fortified food market.
  • The U.S. fortified food market will experience significant growth propelled by aging consumers.
  • The U.K. government to provide US$3.02 Mn for the National Food Fortification Program in Tanzania.
  • Vitamin D micronutrients will dominate the market for the forecast period.
  •  Fortified milk will register a rise in demand during 2021-2031.

Competitive Landscape 

Nestlé S.A., BASF SE, General Mills, Tata Chemicals Limited, Mondelez International, Cargill Incorporated, Danone, Bühler AG, Bunge Limited, Unilever PLC, Koninklijke DSM NV, Stern-Wywiol Gruppe GmbH & Co. KG, Arla Foods, Nutritional Holdings (Pty) Limited, Dr. Paul Lohmann GmbH KG Chemische Fabrik, Wright Enrichment Inc., Gastaldi Hermanos, Sinokrot Global, Ufuk Kimya Ilac Sanayi Ve Ticaret Limited Sirketi, Corbion NV., and others are some of the major players in the fortified food market that are profiled in the full version of the report.

Major organizations in the market are investing in research and development activities to release novel fortified foods and food fortification processes in the market.

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More Insights into the Fortified Food Market Report

In its latest report, FMI offers an unbiased analysis of the global fortified food market, providing historical data from 2017 to 2021 and forecast statistics for the period 2021-to 2031.

To understand the global market potential, growth, and capacity, the market is segmented based on raw material (flours (rice flour, wheat flour, corn flour), rice, salt, milk, oil, sugar), micronutrients (vitamins (vitamin A, vitamin B (folic acid, niacin (Vit B3), riboflavin (Vit B2), thiamine (Vit B1), vitamin 6, vitamin B 12), vitamin C, vitamin D, others), minerals (calcium, iron, zinc, iodine, others), other fortifying nutrients), application (basic food (cheese, butter, yogurt, others), processed food (extruded products (pasta, snack foods), powdered products (infant formula and cereals, powdered beverages)), value-added food, condiments, juice), technology (drying (oven drying, drum drying, spray drying), extrusion, coating & encapsulation, others), sales channels (modern trade, online sales, neighborhood stores, other retail formats) and region.

Fortifies Food Market Regional Analysis

According to FMI reports, North America and the U.S. fortified food market will witness significant growth in the market for the assessment period. Rising demand for fortified bread and dairy products, rich with calcium content, especially from the geriatric population; elevated concern for bone, pregnancy, and woman’s health along with the functional quality of fortified foods is aiding market expansion for this region.

In Europe, the U.K. is leading the fortified food market in terms of sales and growth. The U.K. is one of the 85 countries that have mandatory fortification of wheat. Increasing consumer interest in healthy living, growing awareness about nutrition, and a better understanding of immunity are promoting market growth in the U.K.

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Fortified Food Market Segmentation Analysis

Vitamin D, in the micronutrient segment, is dominating the fortified food market in terms of demand and sales. A rise in vitamin D deficiency-related diseases like osteoporosis, rickets, types of cancers, diabetes, heart diseases, etc., are pushing the market growth for this segment. As a market product, fortified milk is rich in vitamin D which promotes the sales of this product.

Fortified Foods Market by Category

By Raw Material:

  • Flours
    • Rice Flour
    • Wheat Flour
    • Corn Flour
  • Rice
  • Salt
  • Milk
  • Oil
  • Sugar

By Micronutrients:

  • Vitamins
    • Vitamin A
    • Vitamin B
      • Folic Acid
      • Niacin (Vit B3)
      • Riboflavin (Vit B2)
      • Thiamine (Vit B1)
      • Vitamin 6
      • Vitamin B 12
    • Vitamin C
    • Vitamin D
    • Other Vitamins
  • Minerals
    • Calcium
    • Iron
    • Zinc
    • Iodine
    • Other Minerals
  • Other Fortifiying Nutrients

By Application:

  • Basic Food
    • Cheese
    • Butter
    • Yogurt
    • Others
  • Processed Food
    • Extruded Products
      • Pasta
      • Snacks Food
    • Powdered Products
      • Infant Formula and Cereals
      • Powdered Beverages
  • Value added Food
  • Condiments
  • Juice

By Technology:

  • Drying
    • Oven Drying
    • Drum Drying
    • Spray Drying
  • Extrusion
  • Coating & Encapsulation
  • Others

By Sales Channel:

  • Modern Trade
  • Online Sales
  • Neighbourhood Stores
  • Other Retail Format

By Region:

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

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Valued at US$ 5.6 Billion in 2021, check how Plant Based Food Market is on the verge of explosive growth, in Future Market Insights latest blog!

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Conveyor System Market Is Anticipated To Grow At A Robust 4.5 Percent CAGR During The Assessment Period: FMI

Regionally, the North American market is expected to grow at a CAGR of 3.5 percent during the time of the assessment. The expansion of packaging centres in the United States and Canada, as well as the booming e-commerce sector, are responsible for the growth.

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Conveyor systems demand s significantly increasing from the mining industry. Mining requires transportation and handling of large volume of heavy goods and debris. Low cost of conveyor system and minimum maintenance make them ideal choice for long distance transportation.

Rising per capita income and rapid economic growth in developing countries like India and Brazil are driving the manufacturing industry. This coupled with automation in fast-moving consumer goods (FMCG), baggage handling, and manufacturing industries will positively influence the market growth over the forecast period.

Industries are looking towards optimizing their manufacturing process to improve efficiency and production rate. This has encouraged advancements in conveyor system development and integration of automation in material handling system.

Automated conveyor systems eliminate human error, improve safety and boost the production volume with high repeatability. Owing to such benefits, companies are adopting modern conveyor system for material handling processes.

Surge in online retailing activities along with increasing demand for high quality goods will drive the adoption of conveyor and sortation systems in the retail industry. Companies are installing conveyor system to optimize warehouse spacing, sorting and cross-docking products, and automating their distribution process. Increase in online shopping in India, China, Brazil, and Chile will positively influence the market growth in upcoming years.

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Key Takeaways from FMI’s Conveyor system Market Study

  • North America conveyor system market is forecast to expand at 3.5% CAGR due to rapid growth in online retail sector.
  • Growing adoption of automation in automotive and manufacturing industry, surging mining and construction activities along with growing e-commerce industry in the U.K. and Germany are the key factors driving the market in Europe.
  • Population surge, increase in demand for processed food, and presence of e-commerce giants like Alibaba group will drive the demand for conveyor systems in FMCG and packaging industries in China.
  • India is expected to offer lucrative opportunities as home to one of the leading the retail sectors after U.S. and China. Steady consumer demand and rising investment towards expansion of retail infrastructure will boost the demand for advanced material handling systems, such as conveyor systems.

 “Increasing penetration of automation in material handling and distribution system and increase in number of supermarkets and distribution centers will boost the demand for conveyor system in upcoming years,” says the FMI analyst.

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Who is winning?

Future Market Insights discusses the key trends shaping conveyor system market and highlights the strategies adopted by leading market players in the study.

Top players, including Daifuku Co., ltd., Schaefer Systems International, Inc., Interroll Holding AG, BEUMER GROUP, and Dematic Company accounted for 23.5% of the market in 2020. Some of the leading companies are investing in research and development activities to drive product launches.

For instance, SideDrive Conveyor Co. launched configurable side drive conveyor system in January 2021 for modular sanitary applications.

In response to pandemic, Multi-Conveyor collaborated with East Coast representatives to develop a hand-pack conveyor system to effectively follow social distancing in work place and launched “Barrier Spaced Conveyor” in July 2020.

Dürr Group introduced automated guided vehicle designed for paint shops as a part of its intelligent production initiative in May 2019.

Prominent players operating in the conveyor system market are:-

  • Daifuku
  • BEUMER GROUP
  • Interroll Holding AG
  • Murata Machinery
  • Schaefer Systems International
  • Dürr Group

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Magnetic Separator Market is estimated to reach US$ 1.3 Bn in 2022: FMI

In 2022, the market for magnetic separators is anticipated to grow to US$ 1.3 billion. The demand in the market is being driven by an increase in the use of magnetic separators to remove undesirable particles during the metal recycling processes across numerous industries. This will cause the market valuation to rise to US$ 1.7 billion in 2029.
Over the forecast period of 2022-2029, sales in the global magnetic separator market are anticipated to grow at a CAGR of 3.8 percent. According to Future Market Insights (FMI), by 2022, sales of magnetic separators will be accounted for by nearly 22.5 percent of the market in East Asia.

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Oceania Emerging as a High Potential Storehouse of Opportunities

In the past five years, the Oceania region witnessed substantial growth in mineral production. In 2012, the Oceania region accounted for a share of 5.1% in the global mineral production, while in 2017, the Oceania region accounted for a share of more than 7.0%. Increasing mineral production in the region is expected to increase the demand for mineral sorting and separation equipment. Consequently, increasing the demand for magnetic separators.

The rising number of metallic contamination incidents in several food and beverage products have triggered a great demand for enhanced safety. Government authorities have formed several regulations to improve the operational safety and thus, there has been a greater demand for high performance magnetic separators in the food and beverages processing industry.

The East Asia market is expected to dominate the global magnetic separator market, owing to its relatively large consumption for separation and sorting equipment in mining and other industries. North America and Europe magnetic separator markets are expected to experience modest growth, owing to being mature magnetic separator markets.

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Countries/regions such as Australia, Japan, India, Brazil, and ASEAN being at the forefront in the mining industry are expected to generate significant opportunities in the global magnetic separator market. Significant growth in demand for magnetic separators is also anticipated to be witnessed in countries of Middle East and Africa, owing to substantial requirement for separation and sorting equipment such as magnetic separators in mining, chemicals, cement, steel, and other industries.

Magnetic Separator Market by Category

Product:

  • Magnetic Drum Separator
  • Magnetic Roller Separator
  • Over band/Cross Belt Separator
  • Magnetic Pulley Separator
  • Coolant Separator

Intensity:

  • Low Intensity
  • High Intensity
  • High Gradient

Material Type:

  • Wet Type
  • Dry Type

Cleaning Type:

  • Self-Cleaning
  • Manual Cleaning

End-Use Industry:

  • Recycling
  • Processing Industries
  • Metal & Mineral Mining

Region:

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

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Some of the key manufacturers involved in the magnetic separator market are Eriez Manufacturing Co, Nippon Magnetics, Inc., LONGi Magnet Co., Ltd, Metso Corporation, Outotec Oyj, Noritake Co., Limited, A AND A MAGNETICS, INC, SLon Magnetic Separator Ltd., KANETEC CO.,LTD., Shandong Huate Magnet Technology Co., Ltd, Douglas Manufacturing Co., and Inc., among others.

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

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By 2029, Carbon Brush Market Is Anticipated To Be Worth US$3.6 Billion, According To FMI

As per the report, the worldwide carbon brush market is projected to look at exceptional growth throughout the forecast period, as a result of the aspects comparable to rising demand from industrial applications, automotive, and electrical hand tools. The global carbon brush market is expected to exceed US$ 2.7 billion in 2022. The market is expected to reach US$ 3.6 billion by 2029, growing at a strong 3.8 percent CAGR.

In January 2022, for instance, the International Trade Administration published a report which states that China is considered to be the world’s largest vehicle market in terms of both manufacturing output and annual sales. By 2025, domestic production is likely to reach 35 million vehicles in this country, which is projected to drive the demand for automotive carbon brushes over the forecast period.

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Increasing production in sectors such as industrial applications, automotive, electrical goods, social unit appliances, energy, and healthcare, among others, has resulted in a very forceful growth within the demand for carbon brushes, that are accustomed conduct electrical current between the stationary and rotating components of a motor. This describes the anticipated growth of the carbon brush market during the forecast period.

A list of Key Players Covered in the Carbon Brush Market are:

  • Morgan Advanced Materials
  • Mersen SA
  • Toyo Tanso Co., Ltd.
  • Robert Bosch GmbH
  • Schunk GmbH
  • Pelican Carbon Brush Pvt. Ltd.
  • Aupac Co., Ltd.
  • Helwig Carbon Products Inc.
  • Assam Carbon Products Limited
  • Naeem Carbon & Industrial Products LLP
  • Phynyx Industrial Products Pvt. Ltd.
  • National Carbon Brush Products

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East Asia Projected to Offer Noteworthy Growth Opportunities to the Carbon Brush Market Players

The global carbon brush market is considerably consolidated, with the top 4 players accounting for around one-fourth share of the overall market.

Apart from these 4 players, few players in the market have established themselves at domestic and as well as global levels. Subsequently, market players involved in the carbon brush market are poised to expand into lucrative regions and are also expanding their manufacturing facilities to cater to the ever-growing demand.

In the global carbon brush market, East Asia is expected to be a prominent region throughout the forecast period, because of the increasing production and consumption of carbon brushes in China. Besides East Asia, North America, including countries such as the U.S. and Canada, is also anticipated to be a lucrative region for the carbon brush market.

The increasing consumption of electrical appliances, industrialization, and surge in automobile sales are some of the cited factors driving the growth of the carbon brush market in East Asia.

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Motor Segment, by Application Type, and Industrial Application Segment, by End-Use Industry, to Remain Prominent Over the Forecast Period

Based on product type, the electro graphite segment is expected to remain a dominant segment in the forthcoming years, accounting for a protruding share in the global carbon brush market throughout the forecast period. In terms of the growth rate, the electro graphite segment is considered to project relatively higher growth in the coming years.

Based on application, the motor segment is estimated to account for nearly one-third of the market size, owing to its vast applications in various end-use verticals. Based on the sales channel, the aftermarket segment is estimated to account for nearly two-thirds of the market size throughout the forecast period.

The industrial applications segment is projected to be one of the prominent end-use industry segments in the carbon brush market and is expected to account for more than one-third of the total carbon brush market throughout the forecast period. Besides industrial applications, carbon brushes also find important applications in the automotive industry, which is also expected to create significant revenue for the global carbon brush market.

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Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 7-years.

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Dust Extractors Market size is projected to total US$ 3.6 Bn by 2028: According to FMI

Global sales of dust extractors exceeded the revenues worth US$ 1 billion in 2018, which are projected to witness an average Y-o-Y growth of around 6%, in 2019 and ahead. Dust Extractors Market size is projected to total US$ 3.6 Bn by 2028. As envisaged by a new research intelligence outlook of Future Market Insights (FMI), dust extractors will enjoy significant gains in the low dust class, accounting for a substantial incremental opportunity over the course of coming years.

While adoption of dust extractors in medium dust class will retain a dominant share over that in the low dust class in the long run, the latter is highly likely to outpace former owing to the impressive growth of commercial building sector. Sales are likely to experience a considerable hike in the forthcoming years, as the demand from major end-use sectors, particularly commercial buildings and offices, is on a constant rise.

Construction sites, though envisaged to remain key demand generators in the dust extractor space, will be closely trailed by the woodworking segment. The report positions woodworking applications of dust extractors market as an important demand contributor to the market and projects a healthy rate of growth for the dust extractor demand in wood working segment.

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DYI Applications Boosting Potential of Online Sales Channels

Growing number of projects in the commercial space construction landscape will remain a significant booster for the demand growth of dust extractors at a global level. Moreover, noteworthy increase in the number of DIY applications, strongly backed by flourishing online retail channels, has been cited in the report as important factors impacting the growth of the dust extractor market in years to come. The report has attributed the growth of DIY applications segment to the progress of the home improvement industry, observed in the recent past.

In the light of success registered by leading online distributors of DIY vacuum cleaners such as Amazon, EBay, Alibaba, and ShopClues among others, a number of organizations are strategizing their entry to the E-commerce space. The report projects that power tools sales are likely to emerge as a popular strategy among players, which are stepping in the online retail world for DYI vacuum cleaner sales. Growing consumer preference for online channels while shopping DIY application tools is instrumenting accelerated online sales of dust extractors, as per the report findings. However, high price point associated with high-capacity vacuum cleaners will continue to restrain the accelerated growth of dust extractor market in the long run.

In line with the potential competitive edge offered by dust extractor models with compact dimensional design and lightweight, key manufacturers are following the growing trend of high R&D investments in innovative product launches.

Japan to Rise as the Industry’s Manufacturing Hub

Europe is envisaged to emerge as a highly profitable region for the prominent consumers of dust extractors, towards the end of the forecast period. Currently, the US and Germany represent the most prominent countries generating significant demand for dust extractors, subsequently benefiting the markets in North America and Western Europe, respectively.

According to the report, the demand for dust extractors in developed regions will continue to be favorably influenced by the stringent regulatory framework of regional governments regarding the usage of vacuum cleaners.

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Furthermore, Japan is also anticipated to be a lucrative regional market for dust extractors, in terms of value and volume. FMI’s analysis also depicts that Japan is currently reflecting the potential to develop into the new manufacturing hub. MEA is also projected to remain a prominent regional market for dust extractor sales, which has been primarily attributed to the robust growth of key end-use sectors across the region.

Dust Extractor Market: Vendor Landscape

The dust extractor market is largely fragmented, as a result of the strong presence of a large number of local and established players. The report provides details of some of the key players in the global dust extractor market, such as Milwaukee Tool, Alfred Kärcher SE & Co. KG, Makitra Corporation, Hilti Group, Robert Bosch GmbH, DeWalt (acquired by Stanley), Metabowerke GmbH, Panasonic Corporation, Nilfisk Inc., Tennant Company, Numatic International Ltd., Electrostar GmbH (Starmix), Bisell Inc., Fiorentini / Clemas & Co., Verimark (Pty) Ltd., and C & E Fein GmbH.

Dust Extractors Market by Category

Capacity:

  • 0.4-1 Ltr.
  • 1-10 Ltr.
  • 10-20 Ltr.
  • 20-40 Ltr.
  • Above 40 Ltr.

Power:

  • Battery Operated (Cordless)
  • 12 V
  • 18 V
  • Direct Power Supply Based (Wired)

Application:

  • Professional Craftsmen (DIY)
  • Woodworking
  • Car Service
  • Individual
  • Garage/Service Stations
  • Construction Site
  • Commercial Establishment Maintenance & Cleaning

Dust Class:

  • Low
  • Medium
  • By Sales Channel
  • Hardware Shop
  • Wholesale
  • Retail
  • E-commerce Platform

Vacuum Pressure:

  • 0.01-0.1 Bar
  • 0.1-1 Bar
  • More than 1 Bar

Region:

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • Oceania
  • APEJ
  • Japan
  • Middle East & Africa (MEA)

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About Future Market Insights (FMI)

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

Contact Us:

Future Market Insights, Inc
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Modified Soya Flour Market Report Covers Future Trends with Research 2022-2032

Modified Soya Flour Market size is projected to reach USD 85,859 million by 2032, growing at a CAGR of 3.2% over 2022-2032. Soy Flour is used in variety of food items and are used in various industrial products that contains more than 50% of protein.

The market driver can be attributed to increase in utilisation of soy-derived flour in the processed meals due to nutritional benefits such as trans-fat-free, gluten-free, and whole-grain food products. Furthermore, during the forecasted period 2022-2032, growing economies would see a growth in sales of modified soya flour, owing to increased consumption of modified soya flour, particularly in Russia and Germany.

Because of their hectic schedules, consumers choose packaged foods because they have a longer shelf life. This is due to increased customer demands for baked products, which pushes up bakery and confectionery demand. Additionally, producers are focusing on manufacturing a variety of baked items to improve client demand, hence propelling the Modified Soya Flour Market ahead.

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Key Takeaways from Market Study

  • For the period 2022-2032, the Methylcellulose category is expected to grow at the fastest rate of 5percent.
  • expanding use of modified soya flour in a number of food applications, the global modified soya flour market is expected to rise at a high rate in Asia Pacific excluding Japan-APEJ.
  • During the forecast period of 2022-2032, the organic category is predicted to develop at the fastest rate in terms of value, with a CAGR of 6.5 percent.
  • Due to increased consumer demand for baked goods, the Bakery and Confectionery industry is predicted to grow at the fastest rate of 5.2 percent.
  • Market players are experimenting with new ways on increasing production capacity and also doing research and innovation to create products.

“ The Modified Soya Flour Market is being propelled ahead by rising innovations in the food and beverage sector, as well as rising veganism appeal among the general public.”, –says a lead analyst at Future Market Insights.

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Competitive Landscape

Modified Soya Flour have a strongly competitive global market. The Modified Soya Flour Market is going forward as producers focus on developing a variety of baked items that will enhance customer demand.

Some of the leading companies offering Modified Soya Flour are Cargill Incorporated, The Scoular Company, Associated British Foods Plc., The Hain Celestial Group, Inc., General Mills Inc., Parrish and Heimbecker Ltd., ITC Limited, SunOpta Limited, The Caremoli Group, Ingredion Inc., Unicorn Grain Specialties, ConAgra Foods, Inc., Bunge Limited, Archer Daniels Midland Company, and Buhler.

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the Modified Soya Flour presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.

Ingredients:

  • Activated Carbon
  • Microcrystalline Cellulose (MCC)
  • Methylcellulose
  • Carboxymethyl cellulose (CMC)
  • Ethylcellulose
  • Phosphorus Chemicals
  • Succinic Acid

Application:

  • Bakery & Confectionery
  • Extruded Snacks
  • Soups
  • Packaged Food
  • Other Application

Sales Channel:

  • Direct Sales
  • Modern Trade
  • Departmental Stores
  • Convenience Stores
  • Online Stores
  • Other Sales Channel

Region:

  • North America
  • Latin America
  • Europe
  • Japan
  • Asia Pacific Except Japan-APEJ
  • Middle East and Africa-MEA

The report covers exhaustive analysis on:

  • How much is the Modified Soya Flour Market current worth?
  • At what CAGR is the market expected to grow?
  • How was the performance in the last five years?
  • What are the key trends boosting Modified Soya Flour Market sales?
  • How are market players reacting to the new developments in the market?
  • How much share does the top 5 companies hold?
  • Which are the major countries driving demand for Modified Soya Flour Market?
  • Who are the major players in Modified Soya Flour Market?
  • At what rate will the U.S. Modified Soya Flour Market grow?

How is the plant-based industry transitioning from a niche sector to a mainstream industry? Get the answers in Future Market Insights plant-based market blog!

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.

Contact: 

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

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Banana Flour Market Scope Future Growth Comprehensive Analysis Report 2032

The global banana flour market is set to witness growth at a CAGR of 3.8% and top a valuation of USD 735.6 Mn by 2032.

The growing awareness of the health advantages of banana flour is propelling the worldwide banana flour business forward as it is high in fiber, gluten-free, minerals, and vitamins like vitamin E, zinc, manganese, magnesium, and potassium.

It helps to regulate blood sugar levels and also aids in the reduction of cholesterol, the improvement of heart health, and the stimulation of neuron and muscle activity.

Banana, being a climacteric fruit stores the majority of its carbs as starch. It is unique among fruits in that the majority of its starch is resistant. Resistant starch is prebiotic that boosts the number of good bacteria in the human intestines.

The human gut contains billions of germs from 300 to 500 different bacterial types. The majority of the gut flora is beneficial. These beneficial bacteria feed on the undigested fibers and starch that reach the gut.

As a result, the resistant starch ferments, creating optimal circumstances for a wide range of beneficial bacteria and increasing the bacterial populations. It also suppresses pathogenic bacteria 5 (infect the host human with infectious diseases) at the same time, acting as a boon for human health.

These features are attracting a growing number of health-conscious customers, therefore, shooting up the growth of the banana flour market across the globe.

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Key Takeaways from Market Study

  • The banana flour market is expected to expand at CAGRs of 1% and 2.8% in Latin America and the Middle East & Africa, respectively, through 2032.
  • Market share of Asia Pacific is 2% in 2022. Every year, a considerable amount of bananas are produced in the Asia Pacific region, particularly in India, resulting in the expansion of the banana flour business in the region.
  • The North American banana flour market is currently pegged at 50,883 Metric tons. Banana flour has seen a boom in demand in the region, as the product is widely utilized in the manufacture of infant food.
  • In Africa, banana flour is also seen as a less expensive alternative to wheat flour. It is a healthy alternative to ordinary flour since it promotes the growth of beneficial bacteria in the gut and considerably aids in weight loss, therefore, MEA stands at a market value of USD 275.4 Mn in 2022.

“Manufacturers of banana flours can step into product expansion in the dietary fibers market which is growing at a high rate due to rising health consciousness as the FDA recently classified resistant starch (RS) derived from green banana flour as a dietary fiber.”, says a Future Market Insights analyst.

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Competitive Landscape

Key manufacturers of banana flours are not only expanding their gluten-free offerings portfolio but, the majority of them concentrate on successful marketing and promotional techniques. Furthermore, for a number of organizations in the banana flour industry, mergers, and acquisitions aimed at global expansion will remain a major strategy.

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Future Market Insights, in its new report, offers an impartial analysis of the global banana flours market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

Detailed Market Segmentation Of Banana Flour Market

Process:

  • Sun-dried
  • Freeze-dried
  • Spray-dried
  • Others

Region:

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

Application:

  • Beverages
  • Pet Food and Feed Industry
  • Household
  • Food Industry
  • Bakery & Snacks
  • Infant Foods
  • Filling and Dressings
  • Soups and Sauces
  • Others

Source:

  • Organic
  • Conventional

Sales Channel:

  • Direct Sales
  • Indirect Sales
    • Modern Trade
    • Convenience Store
    • Specialty Store
    • E-Retailers
    • Other retail formats

The report covers exhaustive analysis on:

  • How much is the banana flour market currently worth?
  • At what CAGR is the market expected to grow?
  • How was the performance in the last five years?
  • What are the key trends boosting Banana flour sales?
  • How are market players reacting to the new developments in the market?
  • Which are the major regions driving demand for banana flour?
  • Who are the major players in Banana flour Market?
  • What outlook does MEA provide?
  • At what level does the report reflect pricing analysis?

How is the plant-based industry transitioning from a niche sector to a mainstream industry? Get the answers in Future Market Insights plant-based market blog!

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.

Contact: 

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

Browse latest Market Reports: https://www.futuremarketinsights.com/reports

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