Test and Measurement Equipment Market Remains to Surge Positively, Projects FMI 2022-2032-FMI

During the forecast period of 2022 to 2032, the global test and measurement equipment market is expected to experience a moderate CAGR of 5.6%. According to estimates, the market for test and measurement equipment will be worth US$ 32 billion in 2022, with a potential growth to US$ 54.9 billion by 2032.

In order to maximise the accuracy, efficiency, and overall performance of various appliances, test and measurement equipment calibrates them, which fosters a mutual market expansion trend with the electronics manufacturing industry.

Before being released on the market, all electronic devices and gadgets must pass an authentication test. In the upcoming years, there will likely be an increase in demand for test and measurement equipment at the electronic manufacturing facilities.

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

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

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

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

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

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

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

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KEY TAKEAWAYS:

  • In the United States, the test and measurement equipment market is estimated to reach US$ 1.3 Billion by 2032, increasing at a CAGR of 10.7% through 2032.
  • The test and measurement equipment market in the United Kingdom is expected to be worth US$ 154.2 million by 2032, with a CAGR of 9.8% through 2032.
  • The test and measurement equipment market’s services segment form the component category is predicted to develop at a CAGR of 10.4% through 2032.
  • Through 2032, Threat Intelligence in the test and measurement equipment market’s application sector will grow at a CAGR of 10.1% through 2032.
  • China’s test and measurement equipment market is expected to reach US$ 275.2 million by 2032, with a CAGR of 10.2% through 2032.
  • The market for test and measurement equipment in Japan is expected to be valued at US$ 221.9 million by 2032, expanding at a 9.2% annual rate through 2032.
  • South Korea is expected to reach a market size of US$ 136.7 million in test and measurement equipment by 2032, with a CAGR of 8.6% through 2032.

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COMPETITIVE LANDSCAPE:

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

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

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

RECENT DEVELOPMENT:

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

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

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

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

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

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Lightning Arrester Market Forecast with Potential Impact FMI 2022 – 2032-FMI

The market for lightning arresters market is anticipated to grow at a 6.5% CAGR from 2022 to 2032, reaching a valuation of US$ 1,466.7 Mn. For any building, lightning arresters are a crucial safety measure. Between 2022 and 2032, the global lightning arrester market will experience growth due to increased emphasis on electrical equipment safety in homes as well as other applications like infrastructure and power plants.

Regionally, lightning strikes are common in North America, which has been a major contributor to an increase in the region’s electrical equipment damage. Therefore, it is anticipated that the market for lightning arresters in North America will expand at a CAGR of 5.8% during the forecast period.

According to Future Market Insights (FMI), over the forecast period of 2022–2032, the lightning arrester market is expected to grow at a CAGR of 6.5% to reach a valuation of US$ 1,466.7 Mn by the end of 2032.

During the projection period, growing focus on electrical equipment safety in the home, as well as other applications like infrastructure, power plants, and others, will play a key role in boosting the lightning arrester market.

Stringent regulatory environment coupled with rising power demand of skyscraper have led to a increased in lightning arrester sales. A lightning arrester is a device that is installed on the electrical system of a building to protect it from damage caused by lightning.

The arrestor dissipates the energy of the lightning strike, preventing it from entering the building and causing a fire or electrical shock.

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Rising electricity demand, combined with growing focus on boosting renewable energy installed capacity, is driving utilities to invest in electricity transmission and distribution networks.

Owing to which the lighting arrester market is anticipated to gain momentum, as lighting arresters are used as protective equipment in electrical systems.

Countries such as the U.S., China, India, Indonesia, Malaysia, etc. are prone to lightning strikes. Further, according to a study from the National Lightning Safety Institute, there has been a significant increase in lightning-related incidents over the past decade, with more than $2 billion in property damage reported each year.

While traditional lightning rods are still the most prevalent kind of protection, lightning arresters are becoming a more popular option since they can protect a larger area for a lower cost.

Key Takeaways from Market Study

  • By rating type, above 110 KV sales are expected to remain dominant during the forecast period and will account for more than 40% by 2032.
  • By product type, the valve type lightning arrester segment is anticipated to grow with a CAGR of 7.7% through the forecast period.
  • By end Use, the power Industry segment is projected to lead the lightning arrester market and is further anticipated to create an absolute dollar opportunity worth US$ 145.9 Mn by 2032.
  • In terms of region, lightning arrester sales in South Asia & Pacific are estimated to increase at a CAGR of 7.2%.

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“Increasing lighting strokes incidents coupled with growing awareness regarding electrical equipment safety will boost the sales of lightning arresters in the forecast period.” says a Future Market Insights analyst.

Lightning Arrester Market Competitive Landscape

Among the industry’s key players are Eaton, ABB, Hubbell, GE Grid, Schneider Electric SE, TE Connectivity, Toshiba, and others

The lighting arreter market is moderately consolidated, with leading players accounting for more than 40% of the market share. These players are likely to invest in new technology developments, expansion of their distribution networks, and tie-ups with prominent end-users to maintain their market presence.

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Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Innovation / Development Trends

4. Key Success Factors

4.1. Product Adoption / Usage Analysis

4.2. Product innovation & Diversification

4.3. Marketing and Brand management

4.4. Supply Chain Management

5. Global Lightning Arrester Market Demand Analysis 2017-2021 and Forecast, 2022-2032

5.1. Historical Market Volume (Units) Analysis, 2017-2021

5.2. Current and Future Market Volume (Units) Projections, 2022-2032

5.3. Y-o-Y Growth Trend Analysis

TOC continued..!

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The research report analyses the market demand trend for the lightning arrester. The global market is based on COVID-19 impact, macroeconomic factors, market trends & market background. As per Future Market Insights’ research scope, the lightning arrester market report is studied and analyzed in the following segments such as by rating type, product type, end-use & regions. The lightning arrester market report gives us qualitative and quantitative information about the companies.

About FMI – Automotive and Transportation

About FMI – Industrial AutomationThe industrial Automation division of FMI offers a novel approach and innovative perspective in analyzing industrial automation market. Comprehensive coverage of capital, portable, process, construction, industrial and special purpose machinery across manufacturing sector and distinctive analysis about installed base, consumables, replacement, USP-feature-application matrix make us a pioneering voice in the industry. We are preferred associates with established as well as budding industry stakeholders and channel partners when it comes to sustain, grow and identify new revenue prospects.

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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Surge Arrester Market Overview by Application, Voltage & Region And Forecast 2021 – 2032

The global surge arrester market is expected to reach US$ 1.5 billion in 2021, representing a 4.1 percent year-on-year increase. Surge arrester sales are predicted to grow at a CAGR of 5.0 percent, reaching a valuation of US$ 2.6 billion by 2032.

Growth can be ascribed to rising global energy demand, growing industrialization, and improved urban infrastructure. Furthermore, rising investments in smart cities are likely to fuel surge arrester demand in the future years.

Increased machine utilization and demand for high-quality products in various industries, as well as the integration of smart devices into machinery, are some of the factors driving the Surge Arrester Market in the industrial automation industry. Automation is being implemented in industries to boost productivity and lower labour expenses. FMI delivers deep market insights for Market players to use in developing long-term plans to keep their competitive advantage in the industry.

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Our analysts use primary and secondary research, as well as a wide range of data sets obtained from organic and inorganic sources, to produce forecasts for the following decade.

Understanding the Impact of Covid-19 on Industrial Automation Industry

The COVID-19 outbreak has been posing staggering challenges for the industry. Like other industries, the industrial automation industry has been particularly affected due to the lack of equipment and availability of the products. Furthermore, dearth of labor, factory closures, and supply restrictions induced by the pandemic crisis resulted in slight setback in 2020.

Lack of human assistance and key player’s hesitation in investing for high-end machineries during the pandemic has negatively impacted the industrial automation industry in 2020. However, with relaxation in lockdown, the Surge Arrester Market has picked up the pace.

The FMI’s recent report talks about the Market scenario in the chapter on the Covid-19 impact analysis to aid the Market players for the upcoming years. The report gives a detailed Market analysis surrounding the Market condition and its impact on the Surge Arrester Market.

Key Questions Answered in the Report

  1. What are the key trends and challenges that will affect global Surge Arrester Market in upcoming years?
  2. What are the factors that will influence the Surge Arrester Market demand?
  3. Which region will be the most lucrative for Surge Arrester Market throughout the forecast period?
  4. How will evolving regulatory policies impact the Market growth?
  5. What is the impact of Covid-19 on the Surge Arrester Market?

Surge Arrester Market: Segmentation

Detailed analysis on the geographical region and country wise insights are offered in the latest Surge Arrester Market report with established Market players as well as incumbents in the region.

On the basis of voltage type, global surge arrester market can be segmented as:

  • High voltage surge arresters
  • Medium voltage surge arresters
  • Low voltage surge arresters
  • B class
  • C class
  • D class

On the basis of housing type, global surge arrester market can be segmented as:

  • Polymeric
  • Porcelain
  • Silicon
  • Polymer Intermediate

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Competitive Analysis

By Prominent Market Players

  • ABB
  • Siemens
  • Eaton.
  • Hubbell Incorporated
  • Schneider Electric
  • CG Power & Industrial Solutions Ltd.

With a detailed segmentation on segments and sub-segments, the FMI’s study offers the strengths, weaknesses, growth prospects and opportunities of each player. The report also includes important Market study including the historical revenue prospects, pricing strategy, and Marketing strategy adopted by these players in the Surge Arrester Market

Why Future Market Insights?

  • Comprehensive analysis on evolving purchase pattern across different geographies
  • Detailed insights of Market segments and sub-segments for historical as well as forecast period
  • A competitive analysis of prominent players and emerging players in the Surge Arrester Market
  • Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years
  • Ground breaking research and Market player-centric solutions for the upcoming decade according to the present Market scenario

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.

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Herbal Beauty Products Market is Rising Due to Growing Preference for Affordable and Organic Beauty Products Among Men and Women

The global herbal beauty products market  will grow at approximately 6.1% CAGR between 2021 and 2031. The target market nearly holds ~5.9% share in the overall beauty products industry

Because more people are becoming aware of the advantages of using herbal substances in beauty products, this preference is growing. Because synthetic cosmetics and skincare products include hazardous substances and chemicals that are known to have detrimental effects and cause a variety of skin disorders, people are turning more and more to herbal beauty.

Furthermore, thanks to commercials and other promotional activities on social media platforms like Instagram, Facebook, and Youtube, people are now more aware of the advantages of using herbal beauty products. These advertisements frequently highlight how using herbal beauty products can improve the tone, texture, and look of the skin.

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Key Takeaways from the Herbal Beauty Products Market Study

  • Based on consumer orientation, the global herbal beauty products market is segmented into adults and kids. The adult segment is estimated to account for the largest share by 2021 end.
  • China will emerge as a highly lucrative market for herbal beauty products in East Asia.
  • The U.S. will record the highest sales of herbal beauty products in North America.
  • Backed by presence of a well-established beauty industry, the sales of herbal beauty products will pick up pace in the I.K.
  • Supermarkets are expected to remain the preferred distribution channel for herbal beauty products. However, the sales via online platforms are expected to catch up soon.

 “Players currently operating in the market are focusing on innovations to expand their portolfio. Some are even targeting specific skin problems to carve a niche amidst soaring competition. Meanwhile, leading brands are expanding their availability across e-commerce platforms to gain competitive edge,” said a FMI analyst.

Impact of COVID-19 Outbreak on the Herbal Beauty Products Market

The unique coronavirus pandemic outbreak has altered the market for herbal beauty products and affected consumer purchasing behaviour. While supply chain hiccups slowed sales, research show that people spent more time on personal and skincare while they stayed indoors during the prolonged lockdown.

On social media sites like YouTube and Instagram, an increasing number of users spent their time looking for home treatments to take care of their skin. Consistently, the emphasis on beauty climbed. As a result of the restrictions being relaxed, the market for herbal beauty products saw an increase in sales.

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Who is Winning?

A few key players in the herbal beauty products market are Surya Brasil Organic Beauty Products, Weleda AG, INIKA, Lotus Herbals Limited, Bio Veda Action Research Co. (Biotique), Guangzhou, Liwei Cosmetics Co Ltd., Dr. Hauschka, VLCC Healthcare Ltd., Hemas Holdings PLC, Herb labo Co. Ltd, The Himalaya Drug Company, Shahnaz Ayurveda Pvt. Ltd, GROWN ALCHEMIST, Shenzhen Panni E-Business Co. Ltd., and Arbonne International LLC among others.

Global Herbal Beauty Products Market by Category

By Product Type:

  • Skin Care
    • Face Cleanser
    • Face Wash
    • Sun Protection
    • Night Creams & Gels
    • Others (Masks, Cream)
  • Hair Care
  • Hair Oils
  • Shampoos
  • Hair Conditioners
  • Others (Hair Serum, Mask, Color)
  • Bath & Body Care
    • Body Scrub
    • Body Lotion
    • Soap
    • Others
  • Makeup
  • Fragrance

By Consumer Orientation:

  • Adults
  • Kids

By Region:

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

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

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Probiotic Cosmetics Market is Expected to Exhibit a Compound Annual Growth Rate (CAGR) of 6.9%

The probiotic cosmetics market is anticipated to achieve a valuation of US$ 302.7 Mn in 2021 and US$  594.7 Mn in 2031. Between 2021 and 2031, the market is expected to exhibit a compound annual growth rate (CAGR) of 6.9%.

The primary goal of the players is to seduce young men. To assist them in achieving this, top cosmetic probiotic brands provide them with the best products available. Expansion of the portfolios of leading companies will help them gain a competitive edge in the market.

Men are becoming more conscious of the importance of grooming and appearance, which has increased demand for skin care and cosmetics, particularly probiotic products made specifically for men. The market for probiotic cosmetics is primarily driven by enduring self-consciousness and growing social pressure to look good.

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The top market participants’ expansion plans will also help the industry as a whole. For instance, companies like Esse, Leflore, Marie Veronique, and MenBiotics continuously spend on R&D to meet the changing preferences of their customers. Additionally, this will support the player’s efforts to increase their market share.

Key Takeaways from the Probiotic Cosmetic Market Study

  • In terms of product type, facial care products are projected to account for 40.2% of the total probiotic cosmetics market share in 2021. In terms of end-use, personal/individual will account for 63.0% of the total probiotic cosmetics market share in 2021.
  • As per FMI analysis, probiotic cosmetics demand is increasing in the United States. The US is expected to account for 88.7% of sales in North America in 2021.
  • The UK is a key market in Europe, registering a CAGR of 6.7% owing to higher spending on probiotic cosmetics in the country. Probiotic cosmetics sales via online sales channels will pick up pace globally.

“Cosmetic brands are expanding their penetration in the probiotic cosmetics market because probiotic reduces acne outbreaks and helps in managing eczema and dry skin. Furthermore, various brands operating in the probiotic cosmetic market are using virtual reality technology to motivate e-commerce shopping. Integration of advanced technologies facilitates personalizing online customer experiences. These advancements will drive sales in the market” says an FMI analyst.

Impact of COVID-19 on the Market

The new coronavirus outbreak had a significant impact, forcing the closure of all businesses and retail establishments that weren’t necessary. This has undermined corporate confidence, raised public anxiety, and created uncertainty about the future. Additionally, the COVID-19-related prolonged global economic downturns had a detrimental effect on the market for probiotic cosmetics.

Disruptions in the supply chain not only slowed consumer demand but also hurt the market. Additionally, the expansion of the probiotic cosmetics market was constrained by factors such as a lack of workforce, poor raw materials, a decline in the consumption of cosmetics, high production costs, and others.

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Who is Winning?

Leading manufacturers and suppliers of probiotic cosmetics are focusing on aggressive promotional strategies, advertisements, and new product launches to drive sales globally.

Major players present in the probiotic cosmetics market are L’Oreal SA, Procter & Gamble, Unilever Plc, Arbonne International LLC, KORRES SA, L’OCCITANE, Aurelia London., Johnson & Johnson Consumer Inc, Amway, Andalou, Aurelia London., BIO MILK Skincare, Columbia SkinCare., EMINENCE ORGANIC SKIN CARE, LeFlore(R) Probiotic Skincare, ESSE SKINCARE, Marie Veronique., and ESTEE LAUDER COMPANIES among others.

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

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Colored Gemstones Market is Expected to Grow 5.7% During the Study Forecast Period 2031

Global colored gemstones market is projected to grow at a healthy CAGR of over 5.7% during the study forecast period 2021-2031, exhibiting a positive recovery from period of muted growth in 2020, according to a latest study by Future Market Insights. The research study tracks colored gemstones market in 20+ countries, offering a lucid analysis on how growth trend will unfold.

Mining operations have been harming the environment for a long time. Numerous businesses have been inspired to conduct themselves more responsibly within the industry by government measures to promote environmental protection.

Some of the players are working harder to maintain the highest level of operational transparency and provide the most ethically sourced coloured gemstones as a result of the shifting objectives of various countries across the world.

One such business, Gemfields, is making multiple steps to alter the mining industry’s culture in light of rising sustainability. The company is dedicated to conducting environmentally friendly mining activities. It collaborates with the appropriate authorities to conduct an evaluation of the environmental impact prior to beginning any operations.

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Key Takeaways from the colored gemstones Market Study

  • FMI has forecast the market to rise at a CAGR of 5.7% between 2021 and 2031
  • The U.S. will remain dominant market within North America, accounting for nearly 85% of market in the region
  • Incessantly rising demand for gemstones will enable the U.K. market exhibit above 8% y-o-y growth in 2021
  • Increasing spending power of consumers will support expansion in Germany and France
  • China will continue dominating East Asia market, trailed closely by Japan

“Establishment of online B2B store is expected to help the market boast increasing market. To capitalize on existing opportunities, players are engaged expanding their market network by collaborating with end-use industry giants.” says an FMI analyst.

Impact of COVID-19 on the Market

The colored gemstone is a global market with expansive supply chain. Stones travel across numerous borders and many hands before they are embedded in a beautiful jewelry.

The outbreak of novel coronavirus resulted in stopping travel, border closures, holding of shipping and cancellation of numerous trade shows that further hampered the market growth. The outbreak has impacted the industry mining and cutting operations and end use wholesale and retail thus affecting the market. But as the economies enter the reviving phase the market is slowly reflecting growth opportunities.

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Who is winning?

Some of the key players present in the colored gemstones market are Anglo American Plc, Gemfields group Ltd., Petra Diamonds Ltd., Rockwell Diamonds Inc., Gem Diamonds, Ltd., PJSC ALROSA, Swarovski Group, Botswana diamond Plc., Dominion Diamonds Corporation, Mountain Province Diamonds, Inc., Trans Hex Group, Ltd., MIF Gems Co. Ltd., Greenland Ruby, Merlin Diamonds, Ltd., Fura Gems, Inc. and among others. Extensive organization of trade shows, exhibitions and other such events has driven a desire among end consumers to adopt products embedded with colored gemstones.

Colored Gemstones Market by Category

Product Type

  • Colored Diamond
  • Emerald
  • Ruby
  • Sapphire
  • Others

End-Use

  • Jewelry & Ornaments
    • Bangles
    • Necklaces
    • Pendants
    • Earrings
    • Rings
    • Anklets
    • Brooches
  • Luxury Arts

Product Format

  • Natural
  • Synthetic

Region

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

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

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Mining Hoses Market 2022 Industry Research, Segmentation, Key Players Analysis and Forecast to 2032-FMI

The market for mining hoses market is forecast to grow at a consistent CAGR of 6.7% between 2022 and 2032. The market for mining hoses is anticipated to increase from US$ 390.6 million in 2022 to US$ 749.3 million in 2032. The market had previously grown at a faster CAGR of 7.2% (2015–2021), reaching a value of US$ 364.0 Mn in 2021.

In order to support ongoing economic growth and large-scale projects utilising cutting-edge technologies, construction operations are likely to expand quickly.

It is anticipated that increased production of different metals (such as gold, copper, and iron) supplying a variety of end industries will propel the growth of the global mining hose market. The demand for mining hoses increases as the construction industry expands, which is strongly.

Increased production of various minerals such as copper, gold, and iron, including some product manufacturing companies implementing mining programs, are driving the mining hoses market.

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The booming construction sector as developing countries like India and China build and reform their infrastructure to support consistent economic development along with building and repairing highways is also flourishing the growth of the mining hoses market in new markets.

Cost-effective and environmentally friendly construction techniques are integrating with modern construction practices, including transportation and building, which are driving the market’s growth and expanding its market size worldwide.

Increased production of minerals and mineral-based products like mineral powders in emerging economies like India and China are opening up new market spaces for the mining hoses market, enhancing the sales of mining hoses solutions.

The use of hoses is an integral part of most equipment in mines, along with surface operations, industrial hoses, and shops, fuelling the sales of mining hoses in multiple regions.

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KEY TAKEAWAYS:

  • The slurry segment from the mining hoses market’s transporting media category is expected to grow at the fastest CAGR of 6.3% in the service type category, helping it to reach US$ 110.1 Mn.
  • The synthetic rubber segment is expected to grow at a strong CAGR of 7.19% in the component category of the mining hoses market. USA, Canada, Japan, China, and Europe hold a 6% CAGR that is estimated for the slurry segment of transporting media category.
  • United States is expected to reach a market size of US$ 83.2 million in mining hoses by 2032.
  • The market size of the mining hoses market in China is expected to reach US$ 152.3 Million by 2032, growing at a CAGR of 9.1% during the research period.
  • Canada’s mining hoses market is expected to thrive at a CAGR of 5.3% over the forecast period.
  • Japan’s mining hoses market is expected to flourish at a CAGR of 3.2% during the research period (2022-2032).
  • While Germany within Europe grows slowly at a CAGR of 3.7% between 2022 and 2032.

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COMPETITIVE LANDSCAPE:

Some of the mining hoses market’s key competitors profiled in the research are AlfaGomma SpA, Continental Group, Eaton Corporation PLC, Weir Group PLC, Trelleborg AB, Goodall, Metso Corporation, TESS International, and Novaflex Inc.

Mining hoses are in higher demand as the construction industry grows, which is strongly reliant on industrial minerals. Market growth is likely to be fueled by the rapid expansion of construction activities to support continuing economic development and large-scale projects.

Adoption of mining hoses is high on a global scale, as their use in a variety of applications, such as mineral extraction and mining, is likely to increase demand even more throughout the projection period. Building blocks for human development are provided by the mining sector.

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Recent Developments

  • Continental Group has introduced its new series of material handling, dredge & mining hoses, increasing the sales of mining hoses.
  • Eaton Corporation PLC has launched and upgraded its new set of hoses, tubing, connectors, and fittings. This pushes the sales of mining hoses worldwide.
  • Metso Corporation has launched its Slurry hoses that have a high standard of quality and safety, fuelling the sales of mining hoses worldwide.
  • Weir Group PLC has launched its series of hose and pipe spools that are robust & reliable rubber hose products, pushing the overall demand for mining hoses.
  • Trelleborg AB has launched and designed new and better hoses with high manufacturing quality for specific industries. This pushes the demand for mining hoses in new markets.

The mining hoses market is segmented into Transportation media, material, and region.

According to FMI, by transporting media, the worldwide mining hoses market is segmented into three categories: industrial water/alkali, bulk powder, and slurry. The slurry category currently has the highest CAGR of 6.3% in the mining hose market.

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Organic Cosmetics Market to Grow at CAGR of 5% in 2031 | Impact of COVID-19

The organic cosmetics market to grow at CAGR of 5.0% throughout the forecast period 2021-2031. Natural claims have sparked the sustainability quotient in addition to being significant product purchase drivers when paired with product efficacy claims and brand identity.

Customers now demand total transparency from cosmetics producers regarding their sourcing practises, goods, ingredients, and environmental practises. As the requirement to prove their social and environmental credentials develops, more cosmetics companies and manufacturers are searching for ways to redefine their own brands through sustainability-focused items, services, and customer experiences.

The packaging trends in the personal care sector have evolved to incorporate more secure, natural formulas, and practical packaging. Natural solutions are being employed more and more in product packaging as a result of the excellent response they are receiving from the product industry. The businesses’ marketing techniques call attention to profitable container designs while also advocating natural solutions.

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Key Takeaways from the Organic Cosmetics Market Study

  • FMI in its latest study has forecast the market to rise at a CAGR of 5.0% between 2021 and 2031
  • The U.S. will emerge as a key market, accounting for nearly 80% of organic cosmetics market in North America
  • Growth in the U.K. will remain moderate. FMI forecasts the market to record nearly 1.9% Y-o-Y growth in 2021
  • While Germany and France too will continue exhibiting demand for organic cosmetics, Italy is expected to emerge as a lucrative pocket in Europe
  • Japan, China, and South Korea will emerge as key markets for organic cosmetics in East Asia. Of these, Japan is likely to dominate

Impact of COVID-19 & 2020 Market Analysis

The current pandemic outbreak has created a variety of challenges for both the supply side and the demand side. The temporary regulation that regional governments adopted to limit mobility has seriously harmed supply chains.

Additionally, the general shift in consumer spending from discretionary to essential goods has had a negative impact on market growth. The way that firms operate globally is changing as a result of e-commerce. In actuality, e-involvement commerce has expanded throughout all industries as a result of the Covid-19 epidemic and lockdown.

The population segment that is not accustomed to online buying has also accepted it because it is the only option. There are many chances for companies and online services to work together to boost customer engagement.

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Who is winning?

Estee Lauder, L’Oréal Group, WELEDA Inc., Groupe L’OCCITANE, and KORRES Group are a few notable companies in the organic cosmetics business. The Himalaya Drug Company, Babylist Inc., The Clorox Company, The Honest Company, Avalon Organics, and KORA Organics are a few examples.

To acquire a competitive advantage over other market participants, players are aggressively investing in order to encourage and support product development. The creation of an innovative product portfolio and portfolio expansion is the most popular strategy among the major businesses. Innovation is the instrument used to entice and persuade consumers to purchase a particular product category. By highlighting a product’s USP, which typically varies from one brand to another, it aids in separating one product from another.

Organic Cosmetics Market by Category

Product Type

  • Skin Care
    • Creams & Lotions
    • Serums
    • Face Packs/ Masks
    • Cleanser
    • Others
  • Hair Care
    • Shampoo
    • Conditioner
    • Hair Oil
    • Hair Dye
    • Others
  • Makeup
    • Facial Products
    • Eye Products
    • Lip Products
    • Nail Products
  • Body Care
    • Soaps
    • Shower Gels
    • Cream
    • Oils
  • Fragrance

End User

  • Men
  • Women
  • Unisex
  • Baby

Sales Channel

  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Specialty Stores
  • Direct Selling
  • Departmental Stores
  • Online Retailing
  • Other Sales Channel

Price Range

  • Economy
  • Mid-range
  • Premium

Region

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

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Incontinence Skincare Products Market – U.S. holds over 80% of the Incontinence Skin Care Products

The incontinence skincare products market is projected at USD 2.80 billion in 2022 and is projected to reach USD 4.0 billion by 2030, at an approximate CAGR of 5.36% from 2022 to 2030. Share of Incontinence Skincare market in its parent market (Skincare market) is approximately 7%-10%.

In North America, the market for incontinence skin care products is dominated by the United States, by over 80%. The expansion of the market in the area has been aided by shifting consumer perceptions and the existence of a favourable population. Significant potential for investment and product development are also available in the United States.

However, the region is currently experiencing more intense rivalry due to great growth prospects. Overall, this may have a favourable impact on product innovations, but the continued presence of intense competition may present difficulties in the future.

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Some of the key takeaways from the report are:

  • Growth is being fueled by inclusive social media marketing and the expansion of ecommerce platforms. Players in the market are increasing their portfolios in addition to using their brand equity to achieve a competitive edge.
  • The demand for gels and oils will continue to be strong, solidifying their position as the top product category.
  • Unprecedented COVID-19 outbreak will boost sales because people are more likely to stock up on necessary medical supplies when they have to spend a lot of time alone. “Some of the top companies in the global market for incontinence skincare products are likely to tailor their product lineups to meet consumer needs.
  • This also explains why the cream area of the product market has experienced the highest growth rate overall.
  • Their emphasis on raising awareness will become more important, especially as other market participants work to solidify their position. the most

COVID-19 Outbreak to Spur Sales of Incontinence Skincare Products

The market is witnessing higher sales due to the unprecedented COVID-19 outbreak. Since majority of consumers are aged or seniors, there is higher demand for incontinence skincare products as they stockpile on essential medical supplies to sustain during extended periods of self-isolation.

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The market is expected to showcase a strong performance driven by the rising aging population and openness to incontinence skincare solutions brought about by rising awareness.

Who is winning?

Some of the companies profiled by FMI are Coloplast A/S, Svenska Cellulosa AB, GAMA Healthcare Ltd., 3M Company, Vernacare Ltd., Attends Healthcare Group Ltd., ConvaTec Group PLC, CliniMed, Ltd., Kimberly-Clark Corp., B Braun Melsungen AG, Hollister Incorporated, McKesson Corporation, Smith & Nephew Plc, Ontex Group N.V, Medline Industries Inc., among others.

Several incontinence skincare products companies are launching campaigns to spread awareness and break the existing stigma restricting users to invest in better hygiene. One such company is Sensual Cellulosa AB that is frequently launching campaigns to promote incontinence awareness among consumers.

Get Valuable Insights into Incontinence Skincare Products Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global incontinence skincare products market, presenting historical demand data (2015-2021) and forecast statistics for the period from 2022-2030. The study divulges compelling insights on the incontinence skincare products market based on the product type (creams, lotions, gel/oils, washes/cleansers, and wipes), end user (men, and women), sales channel (wholesalers/distributors, online retailers, hypermarkets and supermarkets, pharmacy stores, convenience stores, and other stores), price range (economy range, mid-range, and premium), across six major regions

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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 8-years.

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Digital Pump Market 2022 Production Analysis-FMI

Between 2022 and 2032, the digital pump market is projected to grow at an astounding CAGR of 6.1%. From US$ 11.3 Billion in 2022, the digital pump market is projected to grow to US$ 20.5 Billion in 2032.

Digital pumps have applications in building, water treatment facilities, boiler control systems, and automation, which save money and energy and are a key driver of market growth.

Strict energy-efficiency regulations, advancing technology, the creation of smart cities, rising demand for building automation, and expanding power generation capacity globally are all anticipated to propel market expansion during the forecast period.

There are some factors that are acting as obstacles, and are hindering the growth of the Digital Pump Market during the forecast period.

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The high initial cost of the smart pump is one of the major factors that hinders the growth of the Digital Pump Market. As intelligent pumping solutions have higher acquisition costs versus standard pumping equipment, it challenges providers to prove the cost-value ratio of their products to end users, thereby restraining the growth of the market.

In addition, the smart pumps provide better pumping solutions for the mining & metal industries due to less human intervention and more efficient characteristics. Therefore, its downturn has hampered the market growth.

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

The major factor that is expected to propel the growth of the digital pump market during the forecast period includes the rising demand for these pumps, owing to their offerings such as fluid flow control features.

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Moreover, government economic stimulus packages as well as tax credits that are targeting infrastructure projects, including water & wastewater and energy efficiency projects, are also expected to widen the scope of the digital pumps market.

In addition, these pumps save energy and cost and have applications in building, water treatment plants, boiler control systems, and automation. This is another major factor accelerating the market growth. Some other factors including strict energy-efficiency standards in developed nation, growth in Industrial Internet of Things (IIoT)

Economic benefits of intelligent systems, focus on smart water & wastewater systems, increasing power generation capacities across the globe, and significant investments in non-oil & gas sectors in the Middle East and North Africa (MENA) are the expected to further augment the growth of the digital pump market over the analysis period.

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Key Takeaways from the Market Study

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

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

Competitive Landscape

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

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

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Know More About What the Digital Pump Market Repost Covers

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

About Industrial Automation Division at Future Market Insights

Expert analysis, actionable insights, and strategic recommendations of the highly seasoned industrial team at FMI helps clients from across the globe with their unique business intelligence needs.

With a repertoire of over thousand reports and 1 million-plus data points, the team has analyzed the industrial domain across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services.

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:

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