Medical Device Packaging Market : Notable Developments & Geographical Outlook 2027

The adoption of medical device packaging solutions has witnessed a substantial rise, due to the rise in demand for flexible packaging and microbial packaging worldwide. Additionally, increasing efforts by governments in various countries, especially in developing regions such as South and East Asia, to provide basic healthcare facilities to the middle-class group is estimated to create substantial demand for the medical device packaging solutions.

Moreover, the rising demand for monitoring & diagnostic equipment to treat severe chronic diseases globally is contributing to the market growth of medical device packaging.

The medical device packaging market is anticipated to register an impressive CAGR of 5.3% annually through 2027.

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Key Takeaways of Medical Device Packaging Market Study

  • By application, disposable consumables are anticipated to capture nearly half of the market share during the next eight years. The rapidly rising demand for medical device packaging solution to pack and seal variety of disposable consumables such as needles, syringes, and wraps contributes significantly to the market growth.
  • Bags & pouches and clamshell blister packs are projected to dominate the global device packaging market and hold nearly 2/3rd portion of the market share at the end of 2027.
  • By raw material segment, Polyethylene (PE) plastic enjoys a consistent demand for manufacturing medical device packaging solutions, owing its key benefits such as pricing efficiency, light weight, and recyclability.
  • North America and Europe are expected to account for a significant portion of the medical device packaging market share. Rapid expansion of healthcare industry in these regions is driving the growth of medical device packaging market in these regions.

“Manufacturers of medical device packaging can achieve significant profits by targeting APEJ and Europe regions, attributable to the rising demand for flexible medical packaging solutions in diagnostic centers, hospitals, and research institutes in these regions,” says FMI analyst.

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Green Packaging Gaining Traction in Medical Device Packaging Market

Prominent medical device packaging manufacturers are recognising the necessity of sustainable and cost effective packaging solutions. Prominent manufacturers across the globe have already shifted their focus towards sustainable packaging, especially towards flexible packaging, to reduce the carbon footprints released by various medical device packaging solutions.

Along with that, the rising trend of “green design packaging”, especially in the healthcare and pharmaceuticals industry, is ultimately contributing to the growth of the medical device packaging market. Moreover, these leading medical device packaging manufacturers are enhancing its manufacturing capabilities by expanding production units.

For Instance, April 2022, Amcor plc., launched AmLite, an ultra-recyclable and high-barrier flexible packaging solution for the pharmaceuticals and healthcare industry. The company reports that this newly developed packaging solution can reduce a pack’s carbon footprint by up to 64%.
For instance, In November 2022, Nelipak Corporation, another manufacturer of medical device packing has expanded its manufacturing operations in Humacao, Puerto Rico. This enabled the company to strength its manufacturing capabilities and effectively cater to the end user demand.

About The Medical Device Packaging Market Report
Future Market Insights, in its new offering, offers an unbiased analysis of the global medical device packaging market, analyzing historical demand from 2012-2021 and forecast statistics for 2022-2027. The study provides growth projections on the medical device packaging market on the basis of packaging type (bags & pouches, containers, trays, stick packs, clamshell blister packs, boxes and other (flow wraps etc.), raw material (PE (HDPE, LDPE & LLDPE), PET, PP, PS, PVC, aluminium, glass, paper laminates, fabric and others (PLA, PHA etc.), application (disposable consumables, monitoring & diagnostic equipment and therapeutic equipment), end user (medical manufacturing, contract packaging and others), across seven regions.

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Key Segments Covered in Medical Device Packaging Industry Research

Medical Device Packaging Market by Packaging Type:

  • Bags & Pouches
  • Containers
  • Trays
  • Stick Packs
  • Clamshell Blister Packs
  • Boxes
  • Others (Flow Wraps etc.)

Medical Device Packaging Market by Raw Material:

  • PE
    • HDPE
    • LDPE
    • LLDPE
  • PET
  • PP
  • PS
  • PVC
  • Aluminium
  • Glass
  • Paper Laminates
  • Fabric
  • Others (PLA, PHA etc.)

Medical Device Packaging Market by Application:

  • Disposable Consumables
  • Monitoring & Diagnostic Equipment
  • Therapeutic Equipment

Medical Device Packaging Market by End-user:

  • Medical Manufacturing
  • Contract Packaging
  • Others

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

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According To FMI, Value Of The Mud Pump Market Is Expected To Nearly Double Between 2021 And 2031

In its latest report, Future Market Insights estimates global mud pumps market to surpass US$ 1.18 Bn by 2031, on the back of broader developments in oil & gas sector. The market will also be influenced by mushrooming of mid-sized companies, especially in North America.

For instance, EOG resources, a US company headquartered in Houston, has been extensively dabbling in the exploration of shale gas reserves. Its success was evidenced with an astounding 92% sales in Q3 of 2018 that too in a relatively low-price environment. The company has also been deploying its own drilling rigs and mud pump systems adding to its overall value.

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Key Takeaways Of Mud Pumps Market Study

  • 68% of mud pumps market revenue remains concentrated in three countries
  • Led by strong gains in the US, North America will maintain its position as regional powerhouse exhibiting 1.2X growth through 2031
  • Stringency in regulatory norms will boost uptake of electric pumps on back of their excellent operability and environmental friendliness
  • Triplex pumps continue to be preferred over duplex pumps; with 30% lower weight, they offer excellent mud displacement and smoother discharge
  • The top 10 players in the market are expected to hold more than 50% of the market share through 2031

“Enhancing efficiency points of mud pumps will be key focus area of manufacturers. This can be done by finding issues that threaten pump integrity and increase emissions such as excessive degradation of seals, valves and flanges”, says the FMI Analyst

COVID-19 Temporarily Clouds Mud Pumps Outlook

Energy transitions are greatly impacting the oil and gas outlook. Rig operators and drilling equipment manufacturers are now looking at a scenario where investments towards ongoing supply must be balanced out against emission control. Fuel demand destruction is a huge challenge in the ongoing pandemic as well as a rapidly decarbonizing world.

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Containment strategies that have been instituted in North America and Europe will have a less adverse effect on demand for oil as compared to China. With the discovery of new oil wells and reservoirs in China, an improving market landscape in China in the second quarter of 2020 will bode well for the deteriorating demand for oil and subsequently the mud pumps industry.

Supply wise, geopolitics have continued to be a wild card for the oil and gas industry. With supply gluts prevailing major OPEC nations have been forced to cut output. While supply will see a comfortable trajectory through 2025, oil and gas and the pumps industry will see a visible contraction through 2020 with recovery expected in 2021.

By Segmentation:

Product Type:

  • Duplex
  • Triplex
  • Quintuplex

Driven System:

  • Electric
  • Fuel Engine

Application:

  • Onshore
  • Offshore

Region:

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

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Market Growth Characterized By Organic Strategies Undertaken By Key Players

Bigger players in the mud pumps market landscape have a huge advantage of continuous cash flow. Thus they are showing greater resiliency by channelizing their resources and acquiring shale players, oil and gas service companies without having to rely heavily on organic product portfolios.

Many are already investing in non-traditional markets with a very negligible impact on their bottom line. A significant number of market players are putting in almost 20% of their capital expenditures towards the setting up of on-shore and off-shore drilling equipment and mud pump systems. While this accrues to be a large chunk of investment, in actuality it is tantamount to just over 5% of its yearly revenues.

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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Market For Electrical Enclosures Is Expected To Grow 1.4x Between 2022 And 2028: FMI

By the end of 2022, the global electrical enclosure market is expected to exceed US$ 46.64 billion. The growing use of electrical enclosures in applications such as electricity transmission and distribution, transportation networks, and energy and power is expected to drive market growth.

According to a comprehensive study conducted by Future Market Insights (FMI), the global electrical enclosure market is expected to exceed US$ 62.22 Bn by 2028, rising at a CAGR of 4.9% between 2022 and 2028.

According to FMI, China is expected to remain the most lucrative electrical enclosure market, accounting for more than one-third of global sales by 2022. In terms of product type, the junction enclosures segment is expected to grow rapidly between 2022 and 2028.

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Rapid Growth of Renewable Power Generation Key Growth Driver

Most of the end users are now shifting their focus to alternative forms of power or energy rather than depending on energy generation by fossil fuel operated power generators. These alternative forms of energies – for instance, wind power, solar power and other forms of renewable energy are gaining popularity among all types of end users. Additionally, carbon emission and dependency on fossil resources is increasing day-by-day. Thus, in order to control this dependency, usage of renewable energy sources such as wind and solar energy is likely to be the new trend in the energy and power industry. Establishment of these power generation facilities will increase the demand for electrical enclosures in the upcoming years. Many countries such as the U.K. and Germany among others, are planning to adopt renewable energy sources, which is expected to further increase the demand for electrical enclosures for transmission and distribution.

Capacity Addition Plans and Installation of New Grids to Power the Electrical Enclosure Market

The governments of various countries have planned to make huge investments on numerous projects to provide better electricity services. For instance, the government of Russia has devised plans such as the GOELRO plan, Russian SFSR Electrification Plan, and Railway Electrification Plan among others, for establishing new power grids to provide electricity in the rural areas of the country. These plans are being supported by the State Commission for Electrification of Russia. Also, the government is focussing on installing new transmission lines in order to create a national grid and also to develop railway electrification, which will in turn boost the demand for electrical enclosures. These planned investments across various sectors such as infrastructure, power, and railways among others, will drive significant growth in the electrical enclosure market.

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Need for Integration of Grid Infrastructure

Increasing transmission and distribution activities across the globe have increased the demand for installations of enclosures, which in turn, is driving the market of electrical enclosures. Transmission and distribution expansion, along with urbanisation, is necessary for the development of industrial and manufacturing sectors. Some countries, such as GCC countries and Turkey have the potential to become the hub for many manufacturing industries, which will increase the demand for electrical enclosures owing to rapid industrialisation. By material type, metallic enclosures will witness supreme demand as they have a longer life and reduce the risk of fire hazards. Climate control enclosures can work in extreme climatic conditions and are ideal for use in several regions, thereby driving demand in the global market.

Segmentation Analysis

The electrical enclosure market is segmented on the basis of product type into junction enclosure, disconnect enclosure, operator interface enclosure, environment and climate control enclosure and push button enclosure.

On the basis of product type, the junction enclosure segment is anticipated to continue to dominate the global market in terms of value over the forecast period. The junction enclosure segment is estimated to grow at a relatively high CAGR as compared to other types over the forecast period. It is expected to represent a total incremental opportunity of US$ 1,691.2 Mn between 2022 and 2028.

Regional Market Projections

The electrical enclosure market in China is expected to represent significantly high incremental opportunity between 2022 and 2028, while the North America electrical enclosure market is projected to expand at a significant CAGR in terms of volume over the forecast period. Sales of electrical enclosures in North America is expected to represent a total incremental opportunity of US$ 523.3 Mn between 2022 and 2028.

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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Between 2021 And 2031, Sales Of Centrifugal Pumps Will Increase At A CAGR Of 4.6%: FMI

The Centrifugal Pumps Market is expected to grow favourably through 2021, with a global valuation exceeding US$ 29 billion in that year. According to FMI, global sales of centrifugal pumps are expected to grow at a CAGR of 4.6 percent between 2021 and 2031.

The agricultural sector will grow faster than industrial applications, which are expected to be in high demand. According to FMI, demand for centrifugal pumps in the agricultural sector will rise by 4.7 percent between 2021 and 2031.

According to FMI’s annual market analysis, the industrial and domestic segments of the centrifugal pump market will total US$ 24.3 billion in 2021.

In terms of volume, the centrifugal pump market is driven by strong demand from the water and wastewater sector, as well as the food and beverage industry. The COVID-19 pandemic reduced demand for centrifugal pumps in 2020.

However, the water and wastewater segment of the industry was less affected due to the World Health Organization’s (WHO) latest guidelines on water sanitation standards, which bodes well for sales in the near future. Despite the economic consequences of the crisis in many countries, the market’s long-term outlook will remain positive.

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FMI predicts healthy growth in the oil and gas industry, particularly in economies such as China, U.S., the Middle East, and Africa. Centrifugal pumps are important for ensuring accurate and repeatable transportation and pumping operations in the industry. As a result, the rise in oil and gas sector activities around the world is driving demand for centrifugal pumps.

Global demand for centrifugal pumps is directly correlated to infrastructure development activities worldwide. Governments of developing countries such as China and India are focusing on urbanization, which in turn is anticipated to fuel demand for centrifugal pumps, particularly in domestic, Water, and wastewater treatment industries

The presence of numerous Chinese players offering low-priced centrifugal pumps acts as a restraint to most regional and global players. Increasing price pressure from these players is influencing key suppliers to offer high-quality, reliable, efficient and technologically-advanced centrifugal pumps at competitive rates.

Manufacturers need to evaluate life cycle costs and facilitate smart buying decisions. Centrifugal pump manufacturers need to analyze cost of energy and return of investment for centrifugal pumps compared to purchase and installation costs.

Key Takeaways from Centrifugal Pump Market Study

  • Multi stage pumps are expected to hold over 50% of the global market share, supported by heavy duty requirements of the oil and gas sector.
  • Water and wastewater applications are projected to hold over a third of the overall market share by 2031-end, aided by infrastructure investments in emerging economies.
  • The market in South Africa is projected to expand at a CAGR of around 5%, while that of Mexico accounts for approximately 4%, through 2031.
  • The markets in India and South Korea are set to surge at a higher than 5% CAGR over the coming decade.
  • Germany will hold the lead in Europe with a valuation of over US$ 1.2 Bn in 2021. Major investments in the natural gas sector will provide impetus.

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 “Developing nations are exhibiting high demand for centrifugal pumps for industrial and commercial applications, driven by rising investments into water and wastewater infrastructure by governments. This will enable growth in the overall market through 2031,” says a Future Market Insights analyst.

Competitive Landscape

The centrifugal pumps market is highly consolidated, with key players accounting for more than four-fifth of the market share. These players are likely to invest in technology developments and the expansion of their networks in order to maintain their market shares.

Some of the key players in this industry include but are not limited to Ebara Corp., Xylem Inc., Sulzer AG, KSB Group, Flowserve Corp., and Kirloskar Brothers.

Key Points Covered in Centrifugal Pumps Market Study

  • Market estimates and forecast 2016-2031
  • Key drivers and restraints impacting market growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on XYZ and How to Navigate
  • Recommendation on Key Winning Strategies

Find More Valuable Insights

The research report analyzes demand for centrifugal pump. The global centrifugal pump market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends & market background. As per Future Market Insights’ research scope, the market has been analyzed on the basis of product type, application, and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, supply side and demand side.

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About Future Market Insights (FMI)

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

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Retail Printers And Consumables Markets Are Expected To Grow At A Healthy 5.3% And 5.0% CAGR’s, Respectively: FMI

The Global Retail Printers and Consumables Market is expected to grow at a healthy CAGR of 5.3% and 5.0%, respectively, in terms of value from 2017 to 2027, owing primarily to increased application in end-use industries.

Xerox Corporation, Sun Chemical Corporation, Siegwerk Druckfarben AG &Co. KGaA, H.P. Development Co., Saati S.P.A, Nazdar Ink Technologies, Canon Inc., DIC Corporation, Eastman Kodak Co., Marabu GmbH, and others are prominent players in the sector. These manufacturers are concentrating on research and innovation in order to provide customer-friendly and time-saving products.

Retail printers are electronic devices that are typically used in the retail industry to print labels and receipts. Retail printers typically do not have their own programmable logic controllers, but instead rely on an external system. Label and receipt printers are used to print labels and receipts quickly and efficiently.

These devices are used in a variety of industrial sectors, including manufacturing, logistics, and healthcare. However, its use in the retail industry outnumbers all other verticals, prompting manufacturers to form long-term alliances with a variety of small and large-scale retailers. Labels, ribbons, and paper are the consumables used in these printers. Ribbons and labels are typically used in conjunction with label printers that are solely used to generate labels, whereas paper is typically used to generate receipts at POS stations.

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Global Retail Printers and Consumables Market: Future Outlook

The Global Retail Printers market is projected to grow at a 4.8% CAGR during 2016-2017. The global market for retail printers is poised to register a steady CAGR of 5.3% over the ten year forecast period to reach a market valuation of US$ 4689.4 Mn by end of 2027 while the global consumables market is expected to be valued at US$ 8,503.4 Mn in 2017 and is estimated to grow with a CAGR of 5.0% in terms of value. Product upgrades and aggressive marketing is the key strategy executed to preserve the growth of the market on a long-term basis.

Global Retail Printers Market: Segmental Analysis

  • The global retail printers market is segmented based on its usage in different areas of application. By type, it is segmented into desktop retail printers, industrial retail printers, mobile retail printer and others. The relatively small others segment comprises of special application retail printers such as ticket printers and wristband label printers
  • Mobile retail printer segment is estimated to a value of US$ 1898.3 Mn by 2027 end. In terms of volume, Mobile retail printer and desktop retail printer segments are anticipated to produce 2,257 thousand units and 1,871 thousand units respectively by the end of 2027
  • By technology it is segmented by label printers and paper printers. On the basis of printing technology the most dominant is the thermal transfer sub segment while direct thermal sub segment dominates in the paper printer segment. The inkjet, impact and laser printing technologies are expected to be the least attractive of all the segments owing to high cost, slow operation and impracticality than the thermal segment

Global Retail Consumables Market: Segmental Analysis

The global consumables market is segmented by type, application and region. By type, the paper segment is expected to dominate the market throughout the forecast period with 41.0% share by the end of 2027. The Label type segment is anticipated to witness robust growth in terms of value and volume over the forecast period owing to increasing adoption of labelling in warehousing sector as well as online retailing and also implementation of labeling in businesses to maintain assets.

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Global Retail Printers and Consumables Market: Regional Outlook

Asia Pacific and North America hold the highest market potential in the global retail printers market. The market is primarily driven owing to healthy growth from the perspective of disposable income & purchasing power and increasing retailing activity around the globe. However, limited compatibility with different operating systems is expected to be a restraining factor for the growth of market in these regions. Eastern Europe and Latin America are struggling with sluggish growth in the market owing to fragmented supply chain, hence growth prospects for the market for retail printers in these regions is limited.

Global Retail Printers and Consumables Market: Competitive Landscape

The report highlights some of the top companies operating in the global retail printers and consumables market such as Zebra Technologies Corporation, Honeywell International, Inc., Toshiba TEC Corporation, SATO Holdings Corporation, Avery Dennison Corporation, Oki Electric Industry Co., Ltd., TSC Auto Id Technology Co., Ltd., Star Micronics Co., Ltd., Postek Electronics Co., Ltd., GoDEX International Co., Ltd., Citizen Watch Co., Ltd., Brother Industries, Ltd., Bixolon Co., Ltd., Pos-X LLC, Primera Technology Inc., CognitiveTPG, LLC, Seiko Holdings Corporation, Wasp Barcode Technologies, Cab Produkttechnik GmbH & Co KG, and  BlueBird, Inc.

These players are aware of the emerging technology called RFID (Radio Frequency and Identification) that could pose as a serious threat of replacing barcoding technology due to advantage of bulk data retention as opposed to single data retention of barcodes leading to faster scanning and data maintenance as well as elimination of line of sight scanning in RFID technology. Hence, prominent players are focused on implementing short term strategies by improving its existing product line up and introducing innovative features and wireless connectivity to sustain the growth of the global market.

𝐆𝐞𝐭 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞 𝐰𝐢𝐭𝐡 𝐋𝐚𝐭𝐞𝐬𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬@ https://www.futuremarketinsights.com/reports/brochure/rep-gb-5299

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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According To FMI, Substation Automation Market Is Expected To Reach US$ 67.29 Billion By 2031

In 2021, the value of the substation automation market is expected to exceed US$ 37.48 billion. Sales of retrofit conventional substations will increase through 2031 due to high demand. Substation automation will continue to be widely used across manufacturing units. Future Market Insights (FMI) predicts that sales in commercial and civic power utilities, as well as oil and gas terminals, will catch up over the assessment period.

Furthermore, the growing number of data centres built to support the world’s expanding digital activities following COVID-19 will allow the substation automation market to grow at a 6% CAGR between 2021 and 2031. According to FMI, the substation automation market will account for 18% of industrial automation sales in 2021.

After countering the initial slowdown caused by the COVID-19 outbreak, recovery of the substation automation market is anticipated. As per the report, sales of substation automation are expected to grow at a robust 8.20% CAGR in terms of value between 2021 and 2031.

Growing demand for retrofit substation automation across various end-use sectors is expected to augment growth of the market. In addition to this, surging applications of digital systems across manufacturing units, civic and power utilities, and the oil & gas sector will continue propelling sales of substation automation in the forthcoming years.

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Substation automation systems streamline asset management and enhance operational and maintenance capabilities with minimal human intervention. The installation of these systems also reduces repair costs and prevents forced outages.

Disturbance analysis is another benefit offered by substation automation. The implementation of these systems records fault waveform and time stamp the measured operational data. Owing to these factors, applications of substation automation are expected to rise in manufacturing facilities across various industries.

Further, sales of substation automation are expected to gain momentum in commercial and civic power utilities. As per the U.S. Energy Information Administration (EIA), approximately 20% of the electricity generated in the country was from renewable energy sources.

Growing demand for effective power supply across commercial and residential sectors is expected to propel the adoption of substation automation in the forthcoming years.

“Growing adoption of substation automation in smart grids to enable remote monitoring and to avoid grid failures is expected to improve sales. In addition to this, increasing applications of substation automation software to improve financial performance, customer services, and organizational effectiveness will continue augmenting the growth of the market through 2031,” says an FMI analyst.

Key Takeaways:

In terms of component, sales of substation automation software are projected to rise at a remarkable pace over the assessment period. Based on control system type, total sales of SCADA-based substation automation are expected to top US$ 34 Bn by 2031. Demand for substation automation in manufacturing units is anticipated to account for 20% of the total sales in 2021.

  • Sales of substation automation in the U.S. are anticipated to reach a valuation of US$ 6.8 Bn by 2031.
  • China is expected to dominate the East Asia substation automation market, with sales growing at 6.8% CAGR over the assessment period.
  • By 2031, India is expected to command 40% of the total substation automation sales in the South Asia market.
  • Demand for substation automation in Japan and South Korea is projected to increase at 5.9% and 6.2% CAGR, respectively.

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Prominent Drivers:

Growing government-backed investments in smart cities across counties such as India, China, and Brazil are expected to give tailwinds to substation automation sales. The surging establishment of data centers to support digital activities across various end-use sectors is expected to boost demand for substation automation systems.

Competitive Landscape

Leading players operating in the global substation automation market are aiming at production facility expansions through mergers, acquisitions, and collaborations. Players are also entering into partnerships to expand their product portfolios to cater to a growing consumer pool. For instance:

In November 2020, Kuwait’s Ministry of Electricity and Water (MEW) contracted Siemens Energy to provide 116 high-voltage substations. The advanced maintenance services offered by these substations will improve performance, reduce operating costs, and deliver more reliable network operations for the Ministry of Electricity in Kuwait. In November 2020, Schneider Electric acquired a controlling stake in ETAP Automation Inc. (Dubai), to improve the integration of renewables, fuel cells, microgrids, and battery storage technologies to the power grid.

Leading players operating in the substation automation market profiled by FMI include:

General Electric SIEMENS AG Eaton Mitsubishi Electric Automation CISCO Emerson Electric Co. ABB Schneider Electric Rockwell Automation Fuji Electric Co., Ltd. Nari Group

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More Insights on FMI’s substation automation Market

The latest market study on the substation automation market by Future Market Insights gives a detailed segmentation for the forecast period of 2021-2031. In order to gain a better perspective of the global substation automation market potential, its growth, trends, and opportunities, the market is segmented on the basis of:

Component:

Hardware IEDs Bay Controller Feeder and Motor Protection Relay Tele controller / IECs Circuit Breaker Control & Management Line Differential Others Software Data Visualization and Monitoring Data Analysis

Key Questions Covered in Substation Automation Market Report 

The report offers detailed insights into the substation automation market demand outlook for 2021-2031. The market study also highlights projected sales growth for the substation automation market between 2021 and 2031.

Substation automation market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry. Substation automation market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and 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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Lead Acid Battery Market Is Anticipated To Nearly Double By 2031, According To Future Market Insights

The lead-acid battery market is expected to be worth $54.3 billion in 2021. According to Future Market Insights (FMI), lead-acid battery sales will grow at a 5.2% CAGR between 2021 and 2031. According to the study, the total market value will exceed US$ 90.5 billion by 2031.

According to FMI, the demand for AGM batteries is expected to rise rapidly, with a 6.2% CAGR by 2021.

According to the market analysis by Future Market Insights, the expansion of automotive production facilities to cover rural and other remote areas has led to the increasing demand for the lead-acid battery. Rapid technological advancements in production technologies are also projected to complement market growth over the coming years.

Demand for the lead-acid battery is increasing with the rise in the volume of the vehicle fleet in recent years. This can be attributed to an increase in aftermarket sales in regular interims for battery replacement.

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The growing requirement has led to mass production and has increased the importance of process automation in the lead-acid battery market. The market is shifting towards industry 4.0 s, leading to the universal adoption of new production technologies.

There also is an increasing demand from other industries for the deployment of lead-acid battery. An increasing number of players focusing on research and development related to lead-acid battery is anticipated to have a significant contribution towards market growth in the years to come.

“The lead acid battery market is growing at a strong pace, driven largely by increasing demand for energy efficient solutions across automotive sector. The increasing demand for electric vehicles will create extensive opportunities for manufacturers. Key industry participants have been focusing product diversification to offer energy efficient solutions and gain a competitive advantage,” says a Future Market Insights analyst

Key Takeaways from Lead Acid Battery Market Study

  • Flooded battery is projected to hold over 49% of the global market share in 2021 in terms of product type, supported by superior configurations.
  • Transportation is projected to hold over 56% of the overall market share as leading segment in terms of application by 2031-end, supported by increasing investments in electric vehicles production.
  • China will remain a chief market, backed by rising demand from the automotive industry. It is expected to account for over 57.3% of demand registered in East Asia in 2021.
  • The markets India is set to surge at around 6% CAGR over the next ten years.
  • Germany is emerging as a key market in Europe, accounting for over US$ 2,509.4 Mn in 2021, driven by expansion of the automotive industry.

Competitive Landscape

Companies operating in the lead acid battery market are aiming at strategic collaborations and partnerships with other manufacturers to expand their manufacturing capacity. For instance:

  • In March 2019, GS Yuasa Corporation has announced that GS Yuasa International Ltd. launched a new automotive lead-acid storage battery plant operated by equity method affiliate inci GS Yuasa Akü Sanayi ve Ticaret Anonim Sirketi (“IGYA”) in Manisa Province, Turkey.
  • In February 2020, the company has announced the launch of its SNS-TN series of valve-regulated stationary lead-acid batteries.
  • In July 2020, Blink Charging and Enersys collaborate To Develop High Power Inductive/Wireless and enhanced DC Fast Charging Systems with energy storage options for the automotive market.
  • In January 2021, EnerSys is teaming up with TravelCenters of America (TA) to offer Odyssey Performance and NorthStar PRO Group 31 batteries for heavy-duty applications in all TA locations throughout the United States.

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Some of the prominent players operating in the Land Survey Equipment Market profiled by FMI are:

  • Furukawa Electric Co., Ltd.
  • Hitachi Chemical Company, Ltd.
  • Narada Power Source Co. Ltd.
  • SiteTel Sweden AB (NorthStar)
  • Clarios
  • Leoch International Technology Ltd.
  • Yokohama Batteries Sdn. Bhd.
  • Enersys
  • Exide Industries Ltd.
  • GS Yuasa Corporation
  • Hoppecke Batterien GmbH & Co. KG.

Find More Valuable Insights

The research report analyzes demand for Lead Acid Battery. The global Lead Acid Battery market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends and market background. As per Future Market Insights, the market has been analyzed on the basis of

By Product Type:

  • Flooded Battery
  • AGM Battery
  • Gel Battery

By Application:

  • Transportation
    • Passenger Cars
    • LCV
    • HCV
    • Two wheelers
    • Others
  • Motive Industrial
  • Stationary Industrial
  • Commercial
  • Residential
  • Grid Storage
  • Others

By Sales Channel:

  • OEM
  • Aftermarket

By Region:

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

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Key Questions Answered in Lead Acid Battery Market Survey

  • What is the current valuation of lead acid battery market?

The lead acid battery market is expected to surpass a valuation of US$ 54.3 Bn by 2021.

  • At what rate did the lead acid battery market expand in the last 5 years?

The lead acid battery market exhibited steady growth at 1.5% in the last five years from 2016 to 2020.

  • What is the lead acid battery market demand outlook?
  • What are the key trends prevailing in the lead acid battery market?
  • What are the key factors driving Lead Acid Battery sales?
  • What is the North America Lead Acid Battery market outlook?
  • What is the cumulative share of the top companies in lead acid battery market?
  • At what rate will the lead acid battery market grow in Europe?
  • Which are the top 5 countries exhibiting high demand for lead acid battery?
  • At what rate will the Japan lead acid battery market grow?

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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Process Automation And Instrumentation Market Is Expected To Grow Rapidly, Reaching US$ 174,121 Mn By 2027, According To FMI

Process Automation and Instrumentation Market Growth is Important for Semiconductor Manufacturers and Software Vendors Process automation entails the use of software, hardware, and computing technology to enable end-use industries such as cement, oil and gas, chemical, and paper to operate more safely and efficiently.

The data is stored and analysed on a computer using sensors that collect data on flows, pressures, and temperatures, among other things. Collaboration among semiconductor component manufacturers, industrial software developers, and manufacturers of industrial automation equipment is critical for the growth of the overall process automation and instrumentation market.

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Future Market Insights (FMI) has recently published a report titled “Process Automation and Instrumentation Market – Global Industry Analysis 2012 – 2016 and Opportunity Assessment, 2017 – 2027”. Process automation involves using software technology and computer technology to allow end-use industries such as cement, oil & gas, chemical, paper, and others to operate more safely and efficiently. The information is stored and analysed on a computer with the help of sensors, which collect the data on flows, pressures, and temperatures, among others.

The global process automation and instrumentation market is expected to grow at a CAGR of 6.0% during the forecast period. The process automation and instrumentation market was valued at US$ 97,192 Mn in 2017 and is projected to grow significantly to reach US$ 174,121 Mn by 2027 end due to the increasing adoption of IoT platforms, digital transformation and development in the internet services.

In this report, FMI has segmented the global process automation and instrumentation market based on instrument type, solutions, application, and region. By instrument type, the process automation and instrumentation market are sub-segmented into transmitters, flow meters, analysers, controllers, switches, recorders, switches, and vacuum instruments.

With the increasing penetration of connected devices and rising the growth of industrial IoT, the transmitter sub-segment in the global process automation and instrumentation market accounted for more than 28% share in 2017. In addition, due to the rising adaptation of digital technologies by various industry verticals, the vacuum instrument sub-segment is estimated to register a high CAGR of 6.1% during the forecast period in the process automation and instrumentation market.

Based on solutions, the global process automation and instrumentation market are sub-segmented into PLC, SCADA, DCS, HMI, APC, MES, and safety automation. The PLC sub-segment is estimated to dominate the overall process automation and instrumentation market.

Based on application, the process automation and instrumentation market are sub-segmented into chemical, metal & mining, food & beverage, oil & gas, pharmaceutical, pulp & paper, wastewater treatment, power, and others. Due to the increasing digitization of the chemical industry in North America and Europe, the chemical sub-segment is expected to register a high CAGR of 5.9% during the forecast period in the global process automation and instrumentation market. In the upcoming years, the pharmaceutical and power industry segments are expected to witness the deployment of advanced technologies.

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With these advancements, the pharmaceutical sub-segment is projected to create potential growth in the process automation and instrumentation market. In the recent past, it has been observed that established companies, as well as growing companies, have started investing in information technologies and companies from various sectors. These factors are expected to boost the growth of the global process automation and instrumentation market shortly.

Furthermore, to sustain in this highly competitive environment, the global and regional food & beverages and oil & gas companies are moving towards automation. Worldwide, the food & beverages and oil & gas industries are undergoing technological advancements. Furthermore, the metal & mining industry is making huge investments and setting higher targets for its digital operations than any other sector, which is expected to create potential growth opportunities for the process automation and instrumentation market.

Furthermore, based on geography, North America is expected to dominate the global process automation and instrumentation market due to the advent of next-generation technological advancements in the U.S. and Canada. The process automation and instrumentation market have high potential in APEJ owing to major advancements in connecting technologies in India & China. China is now the most connected country in the world. In recent years, the process automation and instrumentation market in APEJ has witnessed significant growth.

The Western Europe process automation and instrumentation market will be a target market for the participants because governments in the region are promoting and supporting the Industry 4.0 revolution in process automation and instrumentation market. Latin America is estimated to grow with a moderate CAGR over the forecast period in the process automation and instrumentation market.

According to FMI’s analysis, long-term contracts with business partners help to increase the revenue and innovation strategies enable process automation and instrumentation vendors to reach new growth markets. Examples of some of the key participants featured in the global process automation and instrumentation market are ABB Limited, Emerson Electric Company, Mitsubishi Electric Company, Rockwell Automation Inc., Siemens AG, Schneider Electric SE, Yokogawa Electric Corporation, Honeywell International Inc., and Pepperl+Fuchs GmbH.

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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.

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Pneumatic Actuator Market Is Expected To Grow At A 5% CAGR Through 2031, According To FMI.

The market for pneumatic actuators is expected to grow at a CAGR of more than 5% through 2031. Pneumatic actuator demand has skyrocketed in recent years as a result of increased applications in a wide range of industries, including offshore, transportation, and industrial automation, to name a few. Although the COVID-19 outbreak temporarily slowed the growth of the pneumatic actuator market in early 2020, the market is expected to pick up steam in the coming years due to the steady recovery of the key application sectors.

The recently revised edition of Future Market Insights’ (FMI) report on the ‘pneumatic actuator’ market study provides a thorough analysis of the global pneumatic actuator market potential, growth, and restraining factors, while emphasising new trends in leading regions such as North America, Europe, and Asia Pacific during the forecast period of 2021 to 2031.

The report predicts that the United States, Germany, India, China, and a few other countries will emerge as profitable, while 20+ countries will maintain a positive market outlook throughout the forecast period.

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How does Future Outlook on Pneumatic Actuator Market Compare with Historical Sales?
Sales of pneumatic actuators increased steadily over the past decade with the increase in demand for rack & pinion and scotch yoke type of pneumatic actuators. Advancements in the manufacturing sector and expansion of key application sectors such as mining, transportation, and others further propelled the growth, apart from a temporary decline in 2020.

According to FMI, the global pneumatic actuator market expanded at over 4% CAGR during the last 5 years from 2016 to 2020.

As the key application sectors are regaining traction and are getting over the effect of the pandemic, the demand for pneumatic actuators is subject to rising again creating ample opportunities for the key players.

Additionally, the surge in demand for double-acting type pneumatic actuators is further bolstering the growth of suppliers. According to FMI, the global pneumatic actuator market is set to ascend at over 5% CAGR through 2031.

How is the Rise in Demand in Transportation Sector Augmenting the Growth of Pneumatic Actuator Suppliers?
Pneumatic actuators are mechanical devices that use compressed air to convert energy into mechanical motion. As it has extensive application in the transportation sector, the recovery in this sector is expected further push the demand-supply graph for pneumatic actuators upward in the coming years.

According to a report, titled “Logistics & Transportation Industry” published by SelectUSA, the logistics & transportation industry is one of the highly progressive industries in the world. As stated in the report, the United States business logistics costs reached US$ 1.6 Trillion in 2018, representing 8% of the Gross Domestic Product (GDP) in that year, while the Foreign Direct Investment (FDI) in the industry totalled US$ 1.5 Billion. This gives a glimpse of the growing opportunities for pneumatic actuator manufacturers in the transportation sector.

Pneumatic Actuator Market Category-Wise Insights

Which Product Type is Dominating in the Pneumatic Actuator Industry?

Presently, the rack and pinion segment is leading in the global pneumatic actuator market and is expected to exhibit hegemony throughout the forecast period in terms of product type. This type of pneumatic actuator is highly preferred in the transportation sector as it provides with smooth driving experience by converting the rotational motion of the steering wheel into the linear motion needed to turn the wheels. Also, it provides the gear reduction which makes it easier to turn the wheels.

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It is extensively used in applications where an external force is not available to retract the piston or high force is required in both directions of travel.

Which Application Segment is Fuelling the Sales of Pneumatic Actuator?

Presently, the industrial automation segment is mostly fuelling the sales of pneumatic actuators in terms of application. Industrial automation is the use of various automated control systems such as robots, Artificial Intelligence, and others. With the technical and digital advancements, this sector is growing fast. This in turn is surging the demand for pneumatic actuators.

Other key segments in terms of application, which are augmenting the sales are transportation, mining offshore, and others.

Pneumatic Actuator Market Competitive Landscape

The global pneumatic actuators market is highly competitive and thriving on the revenues of the leading players. To capitalize on the new opportunities, key pneumatic actuator market players are launching quality products more frequently.

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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Marking and Coding Equipment Market Assessment and Key Insights Analyzed Till 2027

The worldwide marking and coding equipment market is assessed to esteem at US$ 1.3 billion out of 2022 and is projected to arrive at US$ 1.8 billion by 2027, at a CAGR of 5.6%.

A new market research report entitled Marking and Coding Equipment Market Size, Share, Growth, Industry Trends, and Forecast, done by our exploration group portrays the far reaching and cooperative investigation of industry during past, present, and conjecture periods. The report decides memorable development investigation and current situation of Marking and Coding Equipment Market place and expects to offer noteworthy experiences on worldwide market development projections.

The report sheds light on all the industry verticals like competitive market scenario, regional presence, and development opportunities. The next part covers the Marking and Coding Equipment Market competition landscape based on revenue and growth rate. Further, it explains market types, applications, and price analysis.

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The market is estimated to witness a 1.7x increase in revenue from 2017 to 2022. By 2017 end, the global marking and coding equipment market is expected to be valued at around US$ 1 Bn and is projected to reach a value of more than US$ 1.8 Bn by the end of 2027.

The global market is anticipated to reflect a CAGR of 5.6% throughout the period of forecast (2022-2027). The research report on the global marking and coding equipment market reveals the influence of various trends, challenges and drivers on the growth of the global market across key regions namely North America, Western Europe, Eastern Europe, Latin America, Asia Pacific excluding Japan (APEJ), Japan and Middle East and Africa (MEA).

Global Marking and Coding Equipment Market: Competition Assessment

This fact based research study on the global marking and coding equipment market includes a detailed analysis of various companies participating in the global market such as Hitachi America, Ltd., Videojet Technologies, Inc., Markem-Imaje Corporation, Domino Printing Sciences plc., Interactive Coding Equipment (ICE), TYKMA Electrox, Inc., Squid Ink Manufacturing Inc., ATD Ltd., Open Date Systems, Inc., MACSA ID S.A, RN Mark Inc., Diagraph Corporation, Linx Printing Technologies, Numeric Marking Systems, Control Print Ltd., Durable Technologies, REA Elektronik GmbH, Matthews International Corporation, INKJET, Inc., and KGK Marking Technologies Group.

An in-depth market segmentation has been carried out to cover every angle of the market in order to portray a realistic market scenario. The report reflects historical data, current market scenario as well as future market estimates for a period of 10 years from 2022 till 2027.

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Global Marking and Coding Equipment Market: Factors Influencing Growth

Factors such as a positive retail sector outlook, seamless integration with active packaging solutions, rising demand from the chemical packaging industry, new product launches, advancements in laser marking technology, high growth in the food industry and increasing use of marking and coding equipment in the building and construction material industry across the globe are expected to fuel revenue growth of the global marking and coding equipment market.

Few aspects such as political crisis, intense competition, high cost of consumables and uneven size package coding leading to increased cost are anticipated to pose hindrances to the growth of the global marking and coding equipment market.

Global Marking and Coding Equipment Market: Vital Forecast Highlights

The global marking and coding equipment market is expected to grow at a CAGR of 5.5% throughout the period of forecast and is estimated to reach a value of US$ 1770 Mn by the end of the assessment year.

Global Marking and Coding Equipment Market: Analysis of Various Segments

The global marking and coding equipment market has been segmented by technology type, by application type, by end use and by region.

  • By technology type, the continuous inkjet printer segment is the largest with respect to market value and dominates the global market. On the other hand, laser coding systems have gained high traction and this is the second largest segment, projected to grow at the highest rate to register a CAGR of 6.5% during the forecast period.
  • By region, Asia Pacific excluding Japan (APEJ) is the most attractive and the marking and coding equipment market in this region is estimated to reach a high value of around US$ 710 Mn by 2027 end.
  • By application, the rigid packaging segment is likely to dominate the global market with a higher market share in terms of both value and volume in the years to follow. The flexible packaging application segment is projected to grow at 5.8% CAGR during the 2022 – 2027 timeline
  • By end use, the food segment is expected to exhibit high potential for growth in the global marking and coding equipment market. This segment is anticipated to lead the global market in terms of value and is estimated to reach a high valuation of about US$ 784 Mn by the end of the forecast period.

What is the Repercussion of COVID-19 on Marking and Coding Equipment Market?

The demand for marking and coding equipment industry as well as other equipment industry have seen a decline due to the impact of COVID-19. Across the globe, the disruption in production and supply chain of products has reduced the demand for marking and coding equipment.

Nevertheless, it has been observed that some of the big players in the pharmaceutical market opted for marking and coding equipment for essential purpose which has ultimately propel the market growth for marking and coding equipment.

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Marking and Coding Equipment Market by Category

By Technology :

  • Continuous  Inkjet (CIJ)
  • Thermal Inkjet (TIJ)
  • Thermal Transfer Overprint (TTO)
  • Laser Coding System
  • Large Character Marking (LCP)
  • Label Print Applicator (LPA)
  • Other Printers

By Application :

  • Flexible Packaging
    • Bags
    • Pouches & Sachets
    • Vacuum / Shrink films
    • Others
  • Rigid Packaging
    • Pipes & Tubes
    • Boxes
    • Bottles & Jars
    • Cans
    • Metal Parts
    • Trays & Clamshells
    • Crates
    • Others

By End-use Industry :

  • Food
  • Beverages
  • Pharmaceuticals
  • Personal & Homecare
  • Electricals & Electronics
  • Automotive
  • Chemical & Fertilizers
  • Building Materials
  • Other Industries

By Region :

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific
  • Middle East and Africa (MEA)
  • Japan

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

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