Inventory Management Software Market is Growing at a CAGR of Around 11.2% for 2022 – 2028

The Inventory Management Software revenue totalled ~US$ 1,528.3 Mn in 2021, is expected to reach ~US$ 3,291.1 Mn by 2028 and growing at a CAGR of around 11.2% for 2022 – 28.

North America is projected to hold a notable market value share by the end of the forecast period. Retailers in the U.S are focusing on including Omni-channel platforms to provide enhanced customer experience. Companies, in this region, are also relying on third parties to manage their operations, which include storage, packaging, and selling products, making online inventory management more manageable and increasing product penetration. SEA and Others of APAC, on the other hand, would exhibit relatively high growth in the global inventory management software market.

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The software segment, in terms of component and SaaS in terms of deployment are expected to gain swift momentum during the forecast period, considering the rising adoption of cloud for inventory data storage arising from dynamically changing inventory levels. The emergence of advanced technologies, including integration of Big Data analytics, IoT and automation would also fuel the inventory management software market through 2028.

Ease in Supply Chain Operations and Emphasis on Omni-Channel Systems to Push Global Inventory Management Software Market

Technology has notably crept into the supply-chain process. With the introduction of inventory management software, enterprises- big and small are able to get real time visibility of supply and demand, through processes that notifies everyone along the chain, thereby, providing an overview of the inventory functioning. Advanced features such as reservation of specific products from the existing inventory or making segmentations within the inventory to suit privileged demands, adoption of inventory management software is projected to significantly ease supply chain operations along with inventory maintenance, in turn, driving the global inventory management software market.

However, inventory accuracy is paramount for retailers and warehouse owners considering increasing demand for real-time inventory management solutions that can be accessed through multiple channels. Retailers and business owners are increasingly facing challenges apropos to expanding their operations into omni-channel. Enterprises trying to bridge the gap between its online and offline sales is driving the adoption of supply chain solutions such as inventory management software. In a bid to maintain accurate store inventories and serve everyday orders efficiently, vendors are adopting inventory management software across various industry verticals and manage their online and offline customers under an omni-channel platform.

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Integrating AI, Machine Learning Would Further Shape Inventory Management Software Market; Favourable Opportunities for Vendors in the Inventory Management Realm Awaiting

Moreover, disruptive technologies such as predictive ETAs to improve inventory accuracy, live ocean and geo-fencing, and 3D visual warehouse to provide users a visual decision-making platform are only further supporting the adoption of inventory management software, to maintain a smooth demand and supply landscape. Integrating advanced technologies including machine learning and artificial intelligence into the supply chain and inventory management systems would equip inventory management vendors with lucrative market opportunities.

Key players in the inventory management software market are Oracle Corporation, IBM Corporation, SAP SE, Zebra Corporation, Kinaxis Inc., Infor Inc., Zoho Corporation, SAGE Group Plc, Brightpearl Ltd. and DEAR Systems.

Inventory Management Software Market Key Segments Covered

By Component, Inventory Management Software Demand is segmented as:

  • Inventory Management Software
  • Inventory Management Services

By Deployment, Inventory Management Software Demand is segmented as:

  • SaaS-based Inventory Management Software
  • On-Premises Inventory Management Software

By Industry, Inventory Management Software Demand is segmented as:

  • Consumer Goods and Retail
  • Manufacturing
  • Automotive
  • Oil and Gas
  • 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 6-years.

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Radio Frequency Identification Market 2022 | Current and Future Demand, Analysis, Growth and Forecast By 2028

The Radio Frequency Identification Market size to reach US$ 22.5 Bn in 2022, to increase at an impressive 15.9% CAGR, reaching US$ 54.7 Bn by 2028. On the basis of components, the RFID software and middleware segment is expected to register attractive growth over the forecast period. Based on application, the agriculture segment is estimated to gain high penetration in terms of market share during the forecast period.

which is expected to grow at a steady pace over the coming years. The dominating regions, i.e., North America, SEA & Others of APAC and Western Europe, are expected to collectively account for a majority share in the global RFID market. These regions are likely to dominate the global market over the forecast period.

Over a decade ago, RFID technology was used by large enterprises.  With improvements in technology and economic cost, this technology has been adopted by small and medium enterprises. RFID technology is widely used by all tier companies to streamline operations and enhance the visibility of their supply chain and logistics operations. The usage of RFID technology in automated item identification systems is gaining importance in the retail sector.

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The increasing need for RFID tags across the globe is driven by robust opportunities in the healthcare sector. In the healthcare sector, an increasing focus on RFID technology for the tracking and classification of medical instruments has been driving the demand for RFID tags worldwide.

This technology holds immense potential for improving supply chain efficiency and ensuring patient safety while reducing human errors in healthcare processes at the same time. Healthcare management and monitoring of critical care equipment represent other interesting areas of application for the RFID market.

The automotive and aerospace industry is adopting the RFID technology especially for the tracking of vehicles, inventory management of spare parts and visibility in logistics operations. Also, Vendor management has become smoother with use of RFID technology since it provides detailed performance metrics.

On the basis of FMI analysis, the RFID tags in the component segment are expected to dominate the market due to the high penetration of advanced technologies such as RAIN RFID tag in various industry verticals.

The High Frequency (HF) sub-segment in the RFID tags segment is estimated to remain dominant in terms of market share during the forecast period.

On the basis of applications, the agriculture segment will be a dominating segment due to the wide adoption of RFID technology for the tagging of animals through which the farmers can easily trace them and improve supply chain efficiency.

The North America RFID market is expected to dominate the global RFID market due to the large automotive tires market in the country. The market has huge potential in China owing to major technological advancements in the healthcare, retail and consumer goods markets.

The SEA and Others of APAC RFID market will be a target market for market participants looking to penetrate the retail and consumer goods segment.

Latin America is estimated to grow with an above-average CAGR over the forecast period. Brazil is expected to hold a major revenue share in the Latin America RFID market over the forecast period.

According to FMI analysis, long-term contracts with business partners are estimated to help increase revenue and new innovation strategies are likely to enable RFID vendors to reach new growth markets. Some of the market participants in the global RFID market report include Zebra Technologies Corporation; HID Global Corporation; Thin Film Electronics ASA; Invengo Information Technology Co., Ltd.; GAO RFID Inc.; Impinj, Inc.; Xerox Corporation; Omni-ID; Alien Technology, LLC and Molex, LLC.

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Radio Frequency Identification Market by Category

Component:

  • RFID Tags
    • Low Frequency (LF)
    • High Frequency (HF)
    • Ultra-High Frequency (UHF)
    • Microwave Frequency
    • Ultra-Wideband (UWB)
  • RFID Readers
  • RFID Software and Middleware

Applications:

  • Logistics and Transportation
  • Aerospace and Defense
  • Automotive
  • Retail and Consumer Goods
  • Agriculture
  • Healthcare
  • Government

Region

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

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Video Streaming Market Expectations & Growth Trends Highlighted Until 2031

The Video streaming Market to surpass US$ 750 Bn by 2031 amid Rising Demand for OTT platforms. According to newly released data on the video streaming market by Future Market Insights (FMI), the demand registered will increase at a CAGR of 25% from 2021 to 2031.

The report also forecasts the market to surpass a valuation of US$ 73 Bn by the end of 2021. As per FMI analysis, a rise in demand for digital content and on-demand video streaming and simultaneously increasing penetration of smart devices would drive the market growth.

The consumption of video content has been increasing owing to several factors such as the increasing availability of the internet and increasing demand for mobile devices. Thus technical advancements and a growing number of streaming service providers are expected to fuel the demand in the video streaming market across the globe.

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Key Takeaways: Video streaming Market

  • By type, the live video streaming segment is anticipated to account for the leading share in the global video streaming during the forecast period. The segment estimated to grow at a robust CAGR of 27% through 2031.
  • The demand in the OTT segment is expected to account for maximum sales in the market.
  • Demand for subscription-based revenue model is estimated to grow at an impressive CAGR, as adoption of smart phones and smart devices grows following increasing penetration of high speed.
  • North America is expected to lead the market followed by Europe in 2021.
  • South Asia & Pacific is anticipated to emerge as the fastest growing region between 2021 & 2031.
  • The market in India is expected to progress at a CAGR of 34% through 2031.

“Rise in consumption of digital content across smart devices, cheaper mobile data plans, and proliferation in OTT services across the world will boost the demand for video streaming services exponentially in the nest 5 to10 years.” says a FMI analyst.

Growing Adoption of Smart Phones and High-Speed Internet Technology is driving the Video Streaming Market

In recent years the adoption of smartphones has been increasing along with the penetration of high-speed internet connections. Improving access to advanced telecommunication technologies such as 3G, 4G LTE, and 5G will fuel the demand in the video streaming market across the globe.

The quality experience of live streaming videos are highly dependent on the availability of network connection facility/infrastructure and the internet availability. Also the growing demand for the smart devices that support digital media will create conducive environment for the expansion of the video streaming market.

Who is winning?

Competition within the video streaming market is growing by the day. To gain competitive edge, the market players are expected to focus on the integration of latest technologies. Some of the leading companies operating in the market are Akamai Technologies, Apple Inc., AT&T Inc., Kaltura, Inc, Walt Disney Company, Brightcove Inc., Tencent, iQIYI, Google LLC, Kaltura, Inc, Netflix, Inc., IBM Corporation, Wowza Media Systems, LLC, Hulu, LLC, Adobe Systems, Inc.,Roku Inc., and Wowza Media Systems LLC.

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Video Streaming Industry Survey by Category

Type:

  • Video On-Demand
  • Live Video Streaming

Content Delivery Channel:

  • OTT
  • Pay TV
  • IPTV
  • Others

Revenue Model:

  • Subscription
  • Pay Per View
  • Premium Purchases
  • Advertisement-Based Revenue Model
  • Other

End User:

  • Residential
  • Commercial
    • Media & Entertainment
    • Education
    • Others

Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & 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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Portable Inverter Generators Market | Size, Historical Growth, Analysis, Opportunities and Forecast To 2032

In 2021, the portable inverter generators market was valued at more than USD 1.9 billion, and it is expected to grow at a CAGR of around 7% from 2022 to 2028.

By 2028, the global industry’s annual installation is expected to exceed 3.7 million units. The growing demand for portable power has pushed the world toward adopting portable inverter generators that can generate electricity at the user’s leisure. During the forecast period, more gasoline portable inverter generators are expected to be sold.

With the ever-changing demands of individual consumers on power usage and the growing proliferation of electronic devices, portable inverter generators are finding new utility applications. However, as the global power grid strives for sustainability, power outages cost millions of dollars in lost revenue.

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Compared to traditional generators, incorporating inverter technology in generators contributes to higher quality maximum power output with minimal surges. The microprocessor in inverter generators can calculate the amount of power consumed and then control and regulate the speed of the generator to optimize the equipment’s power consumption.

Developed countries are seeing an increase in the abuse of available power. Developing countries are struggling to reduce the challenges in their electricity distribution network, creating a disparity in the global power distribution network and increasing demand for portable inverter generators.

Key Takeaways:

  • In 2021, the market for 1 kVA to 2 kVA portable inverter generators will exceed USD 915 million. The growing consumer preference for units with a smaller surface footprint and greater portability will help these generators maintain dominance in the portable inverter generators market.
  • The gasoline segment is projected to expand at a CAGR of 7% through 2022-2032. Due to its low cost and portability, gasoline is the most popular fuel for inverter generators.
  • Along with its unlimited availability, gasoline is preferred in air-cooled backup generators. Due to their user-friendly control panel, inverter generators are quiet and simple to operate, influencing the portable inverter generators market.
  • The absence of an ignition system in diesel-powered portable generators ensures low maintenance costs and low ignition risks, as well as longer shelf life. Portable diesel inverter generators can operate in various environments and handle high power loads for extended periods.
  • North America portable inverter generators market held 35% of revenue share in 2021, owing to an insufficient power supply and increased demand for continuous & reliable power supply. Due to increased commercial and construction activities, the European market is expected to grow at a CAGR of 5% by 2032.

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Competitive Landscape:

Cummins, Kirloskar Oil Engines Limited, Briggs & Stratton, Kohler, Generac Power Systems, Yamaha Motor Co., Honda Motor Co., Caterpillar, Atlas Copco, Honeywell International, Wacker Neuson SE, Deere & Company, Champion Power Equipment, DuroMax Power Equipment, FIRMAN Power Equipment, Westinghouse Electric Corporation, WEN Products, A-iPower, Mitsubishi Heavy Industries, and HIMOINSA are among the key players operating in the portable inverter generators market. To meet the immense competition in the portable inverter generators market, the major players are leading the way toward digital advancements while forming mergers and acquisitions.

Key Segments

By Power Rating:

  • 1 kVA
  • 1kVA – 2 kVA
  • >2 kVA – 3 kVA
  • > 3kVA – 4 kVA
  • > 4kVA

By Power Source:

  • Gasoline
  • Diesel

By Application: 

  • Residential
  • Outdoor Sports
  • Construction

By Region:

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

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Recent Developments in the Portable Inverter Generators Market:

  • Cummins introduced the QG 2800i and 2500i, which are 60 per cent quieter RV inverter generators for the recreational vehicle market, in January 2021. They are powered by gasoline and liquid propane (LP). The Onan QG 2800i and 2500i are 2.8-kW and 2.5-kW inverter-based generator sets designed primarily for Class B and truck campers.
  • Honda launched the Honda My Generator Bluetooth App in September 2019, allowing users to start (electric start models only), stop, and monitor critical operations of Honda portable generators via a Bluetooth interface on a smartphone.
  • Pika, a manufacturer of home energy storage systems, was acquired by Generac in May 2019. The acquisition combined Pika’s capabilities with mobile industrial and commercial generators.

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District Heating Market | Current and Future Trends, Leading Players, and Regional Forecast By 2032

The district heating market was valued at USD 170 Bn in 2021 and is expected to grow at a CAGR of 4% to approximately USD 260 Bn by 2032. District energy is a rapidly growing industry around the world, fueled by the aggressive climate goals set by the world’s economies.

Based on preliminary evaluations, some district heating and cooling companies like Vattenfall and Goteborg are identified as operations with extraordinary growth and value potential with a different holding structure.

Higher renewable energy levels can be used for thermal purposes by incorporating electrically powered heat pumps into the district heating supply, resulting in integration and balance between energy systems.

With a growing global wind turbine capacity, large heat pumps will play an important role in sustaining global green energy development and the quest to phase out fossil fuels by 2050.

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District heating is a method of delivering thermal energy to buildings (both residential and commercial) in hot water via a network of highly insulated pipelines. The potential for increased use of industrial district heating, on the other hand, is limited. Moreover, converting industrial processes to district heating involves varying heat loads across industries and processes.

The conversion to district heating results in an 11 percent reduction in electricity use, a 40% reduction in the use of fossil fuels, and a total energy end-use savings of 6% among industries.

It is possible to reduce global carbon dioxide emissions by 112,000 tonnes per year by converting industrial processes. However, the residential and commercial markets are expected to account for a sizable portion of the district heating market.

Key Takeaways:

  • As the power generation markettrend has shifted away from fossil fuels, owing primarily to environmental concerns, natural gas has gradually gained a sizable market share in the global district heating market.
  • The numerousadvantages of natural gas, such as lower costs and lower carbon emissions with exceptional efficiency, have aided in the growth of the district heating market.
  • Growing natural gas exploration activities in each region are also a determinant of the growing selection of these systems. Non-conventional energy sources such as solar and wind have also gained traction in recent years.
  • By 2028, the residential segment inthe district heating market is expected to be worth USD 89 billion. The continuous use of small heating systems, combined with strong investments in the real estate sector, has increased the demand for district heating systems in residential establishments.
  • By 2028, the commercial application segment inthe district heating market is expected to grow at a 5% annual rate.
  • Europe holds thelargest share of the district heating market. District heating systems use and distribute heat from various sources, which are traditionally viewed as a by-product and discarded.
  • Furthermore, estimates show that heat waste from electricity production and large industries in Europe is significant enough to meet Europe’s district heating market needs.

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Key Segments

By Source:

  • CHP
  • Geothermal
  • Solar
  • Heat only Boilers
  • Others

By Application:

  • Residential
  • Commercial
    • College
    • Office
    • Government/ Military
  • Industrial
    • Chemical
    • Refinery
    • Paper
  • Others

Competitive Landscape

Major companies operating in the district heating market include Fortum, Vattenfall, Goteborg Energi, Statkraft, STEAG, RWE, Shinryo Corporation, Ørsted, NRG Energy, Ramboll Group A/S, Korea District Heating Corporation, Keppel DHCS Pte Ltd., LOGSTOR A/S, Kelag Warme GmbH, and Hafslund.

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The district heating market is highly competitive. Therefore, companies are concentrating their efforts on broadening their customer base around the world. To gain a competitive advantage over the forecast period (2022-2032), key players in the district heating market are focusing on R&D investments in introducing new solutions, strategic alliances, and other organic & inorganic growth strategies.

  • Vattenfall and the Deutsche Telekom subsidiary Power & Air Solutionssigned a ten-year energy supply contract (Corporate Power Purchase Agreement, CPPA) based on solar power in February 2020. The renewable energy comes from a new solar park that the customer plans to build in Mecklenburg-Western Pomerania in mid-2021.
  • In collaboration with the Caisse des Dépôts et Consignation du Gabon, ENGIE Africa and its subsidiary AUSAR Energy began constructing eight hybrid solar power plantsin remote locations in the Northwest.

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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 favour 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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Sustainable Aviation Fuel Market | Size, Growth, Demand, Scope, Opportunities and Forecast to 2022-2032

According to Future Market Insights (FMI), the sustainable aviation fuel market was worth US$ 220 Mn in 2021 and is expected to reach US$ 15 Bn by 2030, with a CAGR of 60% from 2022 to 2032.

The COVID-19 virus has spread across the globe without regard for national boundaries. As a result, it has had a severe economic and financial impact on all industries, sectors, and facets of life, as well as tremendous uncertainty. Governments all over the world are canceling visas for foreign residents and closing down damaged areas, which is one of the principal factors for the aviation industry’s downturn.

The aviation industry is dedicated to lowering carbon emissions to create a more sustainable environment and comply with stringent emission laws. As a result, sustainable alternative fuels are being adopted by various participants in sustainable aviation fuel companies, such as improving aero-engine efficiency through design changes, hybrid-electric and all-electric aircraft, renewable jet fuels, sustainable aircraft fuel, and so on.

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Most military aircraft and commercial airlines use sustainable aviation fuel to enhance fuel efficiency and decrease operational costs. The sustainable aviation fuel market has grown significantly over the years, owing to the growing trend of advanced fuels being employed in aircraft all over the world.

The sustainable aviation fuel market trends such as an increase in the number of airline passengers combined with an increase in disposable income, an increase in air travel, and an increase in synthetic lubricant use all contribute to the worldwide sustainable aviation fuel market growth. However, oscillations in crude oil prices and lubricant contamination are anticipated to hamper sustainable aviation fuel market growth during the forecast period.

Furthermore, the developments of environmentally friendly and safe renewable jet fuel and the rise in demand for low-density lubricants to reduce weight are likely to provide various chances for market expansion throughout the forecast period.

In terms of revenue, North America leads the market, followed by Europe, Asia-Pacific, and LAMEA. In 2020, the United States will dominate the sustainable aviation fuel market. Due to an increase in demand for sustainable aviation fuel across the country, Mexico is predicted to grow at a high rate during the forecast period.

Sustainable aviation fuel offers airlines a chance to invest in the future. The predicted growth in demand for sustainable aviation fuel is unlikely to be reached unless airline operators boost their renewable aviation fuel obligations with bio-refineries, resulting in fuel cost and availability benefits.

With the predicted rise in the adoption of sustainable aviation fuel on a global scale, airport infrastructure investments are anticipated to grow.

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Key Segments

By Platform:

  • Commercial Aviation
  • Military Aviation
  • Business & General Aviation
  • Unmanned Aerial Vehicle

By Biofuel Blending Capacity:

  • Below 30%
  • 30% to 50%
  • Above 50%

By Type:

  • Total Stations
  • Global Navigation Satellite Systems (GNSS)
  • Laser Scanners
  • Sensors
  • Others

By Biofuel Manufacturing Technology:

  • Hydroprocessed Fatty Acid Esters and Fatty Acids – Synthetic Paraffinic Kerosene (HEFA-
  • Fischer Tropsch Synthetic Paraffinic Kerosene (FT-SPK)
  • Synthetic Iso-paraffin from Fermented Hydroprocessed Sugar (HFS-SIP)
  • Alcohol to Jet SPK (ATJ-SPK)
  • Catalytic Hydrothermolysis Jet (CHJ)

By Fuel Type:

  • Biofuel
  • Hydrogen Fuel
  • Power to Liquid Fuel
  • Gas-to-Liquid

By Region:

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

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Key Questions Answered in the Report

  1. What is the Current Size of the Sustainable Aviation Fuel Market?
  2. What is the Growth Outlook for the Sustainable Aviation Fuel Market?
  3. What will be the Growth Projection for Sustainable Aviation Fuel Market?
  4. Which Fuel Type Witnesses the Highest Sales in the SAF Market?
  5. Which Region has the Highest Growth Rate?

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 favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us

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Thermoplastic Pipe Market Analysis, Size, Share, Growth, Trends and Forecast to 2022-2032

According to a recent thermoplastic pipe market report by Future Market Insights (FMI), the thermoplastic pipe market was valued at US$ 2.5 Bn in 2021, is projected to reach US$ 8.5 Bn by 2032, and is anticipated to grow at a CAGR of around 4.5% over the projected period of 2022-2032.

The immediate consequence of the COVID-19 pandemic resulted in a decrease in demand for thermoplastic pipes that are being used to transport oil and gas to end users’ locations. Furthermore, the pandemic has disrupted the water treatment industry, of which thermoplastic composite pipes are an essential element.

Industrial operations were halted due to the implementation of strict lockdown procedures. In addition, the thermoplastic piping systems’ operation was constrained by a lack of manpower and a decline in logistical operations. The growing use of RTP pipe in the water and wastewater treatment industries is expected to drive up demand for thermoplastic pipes worldwide.

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Given the rising importance of deep and ultra-deepwater oil and gas production and exploration operations as demand for fossil fuels has increased, offshore drilling and production activities are likely to grow at a faster rate than onshore activities during the next five years. As a result, the application of thermoplastic composite pipe in offshore products, including flowlines, umbilicals, and risers, is expected to drive the thermoplastic pipe market in the oil and gas industry.

Reinforced thermoplastic pipes (RTP) are being utilized to replace medium-pressure steel pipes in the oil and gas industry. Due to their cost-effectiveness and good chemical resistance capabilities, many types of thermoplastic pipes made from engineering thermoplastic grades such as polyethylene (PE) and polyvinyl chloride (PVC) have been widely employed.

Higher thermoplastic composite pipes offer better abrasion resistance, are less flammable, and emit less smoke and harmful fumes. Still, they come at a higher cost of raw materials and fabrication. Thermoplastic composite pipes are 20–100 times more expensive than steel pipes, making them unsuitable for items like pipes. This has become the most prevalent roadblock for the thermoplastic pipe business.

As shallow-water oil and gas resources run out, thermoplastic pipe manufacturers are turning to deep- and ultra-Deepwater off the shores of Brazil, Norway, Angola, and the United States. Since thermoplastic composite pipes are lighter than flexible steel pipes, they may be installed using less complex and costly equipment.

The flexibility of the pipes, which may be transported to the job site in long coils, and the possibility of using no-dig technology to install them assist in minimizing jointing and traffic interruption.

As a result of the advantages of implementing flexible thermoplastic composite pipes in deep- and ultra-deepwater applications, the thermoplastic pipe market is anticipated to grow. Large-scale production of thermoplastic composite pipes is challenging because of the standardisation, contributing to the overall high cost of thermoplastic pipes.

Key Takeaways:

  • With a thermoplastic pipe market share of over 30%, North America is estimated to maintain its dominant position in the thermoplastic pipe market.
  • Reinforced thermoplastic pipes account for 30% of the market in the United States.
  • North America reigned supreme in the RTP market in 2019, with a valuation of US$ 81 Mn, owing to the shale gas effect and massive ongoing expansions in the United States.
  • According to the research, the offshore reinforced thermoplastic pipes market in Asia is predicted to increase from US$ 2.18 billion in 2020 to US$ 2.7 billion by 2031.

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Competitive Landscape:

Some of the key players are NOV (US), Wienerberger (Austria), TechnipFMC (UK), Georg Fischer (Switzerland), and Advanced Drainage Systems (US). The leading thermoplastic pipe manufacturers are adopting various strategies to increase their thermoplastic pipe market share.

  • TechnipFMC purchased Magma Global’s outstanding shares in October 2021 and will use Magma Global’s technology to manufacture Thermoplastic Composite Pipes (TCPs) made of PEEK polymer. Magma Global’s expertise will be combined with TechnipFMC’s thermoplastic piping systems to build a Hybrid Flexible Pipe (HFP) used in Brazil’s pre-salt fields.
  • Wienerberger bought the entire stock of FloPlast and Cork Plastics in July 2021. Both firms’ product ranges are focused on rainfall, roofline, and drainage products. As a result of the acquisition, Wienerberger is projected to become a full-service provider of managed greywater and stormwater solutions in the residential sector.
  • FGS Brasil Industria e Comércio (FGS), Cajamar (Brazil), a manufacturer of polyethylene thermoplastic piping systems, was bought by GF Piping Systems, a part of Georg Fischer, in December 2020. GF Piping Systems was able to increase its position in Brazil and South America due to the acquisition.
  • Subsea 7 granted NOV a contract in July 2020 to construct a flexible thermoplastic piping system, including flexible thermoplastic piping systems and associated ancillary components, for Woodside’s Sangoma Phase 1 project offshore Senegal, West Africa.

Key Segments

By Product Type:

  • Reinforced Thermoplastic Pipes (RTP)
  • Thermoplastic Composite Pipes (TCP)

By End-use Industry:

  • Oil & Gas
  • Water & Wastewater
  • Mining & Dredging
  • Utilities & Renewable

By Application:

  • Onshore
  • Offshore

By Polymer Type:

  • Polyethylene (PE)
  • Polypropylene (PP)
  • Polyvinylidene Fluoride (PVDF)
  • Polyvinyl Chloride (PVC)

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Subsea Multiphase Flowmeter Market | Key Players, Applications, Outlook, SWOT Analysis and Forecasts By 2031

Substantial increase in the focus on developing integrated flow metering solutions with automation and digitalization technologies, suitable for various applications are expected to drive the global subsea multiphase flowmeter market. As per Future Market Insights (FMI), the global subsea multiphase flowmeter market is projected to be valued at ~US$ 616.6 Mn in 2021.

The ongoing COVID-19 crisis has caused severe impact on the global economy. It has resulted in partial to complete shutdown of the supply chain networks and manufacturing activities across certain regions. Subsequently affected the subsea multiphase flowmeter market, adversely affecting growth. However, subsea multiphase flowmeter market is expected to recover sharply as the economic activity resumes post the containment of pandemic.

The production measurement segment is gaining prominence owing to its functionality of measuring the inflow and outflow of oil & gas such. Moreover, in the near future, it is expected that the scope of production measurement can be extended to enhancing inflow profiling in Deepwater reserves, which will further augment demand for subsea multiphase flowmeter.

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Key Takeaways of Subsea Multiphase Flowmeter Market Study

  • Subsea flowmeter market is expected to register 8.5% CAGR between 2021 and 2031
  • The U.S. is expected to have highest market share the global subsea multiphase flowmeter market. Within North America, it is expected to account for over 66% of sales
  • The U.K. will emerge as a key market within Europe, exhibiting 5.6% y-o-y growth in 2021
  • Expansion of oil and gas production will continue supporting growth in Germany and France
  • China will continue driving sales in East Asia, backed by rising demand for energy

“Key industry participants are investing in strategic alliances, partnerships and product innovations to gain a competitive advantage in the evolving global market. These partnerships allow companies to improve their production capacity and strengthen their technical expertise.” says Future Market Insights analyst.

The subsea multiphase flowmeter market is gradually growing at a strong trend in due to increasing integration of technologies with automation and digitalization in subsea multiphase flowmeters for challenging flow metering solutions for regular production monitoring and measurement. Rise in oil and gas investments and increase in oil and gas projects provide extensive opportunities for the subsea multiphase flowmeter market.

Competitive Landscape

The subsea multiphase flowmeter market witness moderate consolidation, in which the leading players account for more than 70% of the market share. The penetration of small regional players makes this market more competitive. Some of the key players in the market are Weatherford, Baker Hughes, AMETEK Inc., Schlumberger Limited, ABB Ltd, TechnipFMC PLC, Emerson, KROHNE Japan KK, Peitro Fiorentini S.p.a., Haimo Technologies Group Corp., and Tokico System Solutions Ltd among others. These players have higher shares in the global market, and have longstanding relationships with a number of end users, giving them an upper hand among their peers.

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Subsea Multiphase Flowmeter Market by Category

By Pipe Size

  • 2″ Subsea Multiphase Flowmeter
  • 3″ Subsea Multiphase Flowmeter
  • 4″ Subsea Multiphase Flowmeter
  • 6″ Subsea Multiphase Flowmeter
  • 8″ Subsea Multiphase Flowmeter
  • 10″ Subsea Multiphase Flowmeter

By Application

  • Subsea Well Testing
  • Production Monitoring
  • Production Measurement
  • Others

By Construction Material

  • Stainless Steel Subsea Multiphase Flowmeter
  • Duplex Steel Subsea Multiphase Flowmeter
  • Corrosion Resistant Alloys Subsea Multiphase Flowmeter
  • Titanium Subsea Multiphase Flowmeter
  • Others

Find More Valuable Insights

The research report analyzes the market demand trends of subsea multiphase flowmeter. The global market estimation and growth projection is based on factors like end use industries development, COVID-19 crisis impact, replacement ratio, and adoption rate of subsea multiphase flowmeter.

As per Future Market Insights research scope, the subsea multiphase flowmeter market has been studied and segmented on the basis of pipe size, application, construction material 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.

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 favour 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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Oil & Gas Seals Market Competitive Growth Strategies Based on Type, Applications, End User and Region

The global oil & gas seals market is likely to exhibit significant deceleration, pegged at -6.5% in 2021 over 2020. This downturn is majorly ascribed to the recessionary impact of the COVID-19 pandemic on the oil & gas industry across the world, according to ESOMAR-certified market research company Future Market Insights (FMI). Fortunately, recovery is on the cards beginning 2022, with a projected annual increase of approximately 3%.

The long-term outlook on oil and gas seals market remains positive, with revenues set to grow at 3.3% CAGR. Substantial increase oil & gas exploration activities and development of oil & gas distribution infrastructure across the globe are expected to remain key defining factors in the global oil & gas seals market.

Besides the burgeoning numbers of exploration projects, the industry is likely to witness immense technological disruptions. Blockchain technology has been touted as a highly effective approach towards enhancing data collection security while automation and robotic deployment across key oil fields is expected to enhance drilling projects, reducing error margins and yielding high throughput.

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Key Takeaways of Oil & gas seals Market Study

  • Mechanical seals to remain preferred, reaching US$ 176.1 Mn and capturing nearly 17% revenue by 2021
  • Distribution applications to spearhead growth, with refining & distillation units experiencing maximum sales
  • PEEK plastics/polymers to remain highly preferred by material type, generating 55% revenue share by 2021-end
  • Midstream oil & gas exploration projects to generate lucrative opportunities, followed by upstream projects
  • US and GCC countries to remain lucrative throughout the forecast period
  • K. oil and gas seals market to witness a stable growth of over 3% through 2031
  • Oil and gas seals demand in Germany and France to be relatively muted, with growth of nearly 2%

“Manufacturers are focused on developing new seals using cost-efficient manufacturing techniques and advanced raw materials such as elastomers and plastic/polymers like polytetrafluoroethylene, polyetheretherketone and others with high pressure and temperature resistance standards,” says FMI analyst.

Competitive Landscape

The oil & gas seals market witness significant consolidation, in which the leading players account for more than three fourth of the market value share. The diffusion of small regional players is expected to increase competitive intensity during the forecast period.

Some of the key players in the market are Parker Hannifin Corporation, EnPro Industries, Flowserve Corporation, Dätwyler Holding Inc., Freudenberg Group, Trelleborg AB, among others. These players have higher shares in the global market, and have longstanding relationships with a number of leading end users, giving them an upper hand among their peers.

Key Segments

Product Type

  • Mechanical Seals
  • Hydraulic Seals
  • O-Rings
  • T-Seals & S-Seals
  • Metal Bellow Seals
  • Lip Seals
  • Dry Gas Seals
  • V-Ring Packing
  • Spring Seals
  • Custom Seals

Application

  • Well Drilling
  • Well Completion
  • Well Production & Service
  • Distribution

Material Type

  • Stainless Steel
  • Graphite/Carbon
  • Elastomers
  • Plastic/Polymers

Process Type

  • Upstream
  • Midstream
  • Downstream

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More Insights on FMI’s Oil & Gas Seals Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global oil & gas seals, analyzing historical demand from 2016-2020 and forecast statistics for 2021-2031.

The study reveals growth projections on the oil & gas seals on the basis of product type (mechanical seals, hydraulic seals, O-rings, T-seals & S-seals, metal bellow seals, lip seals, dry gas seals, V-ring packing, spring seals & custom seals), application(well drilling, well completion, well production & service and distribution), material (stainless steel, graphite/carbon, elastomers and plastic/polymers) and process (upstream, midstream & downstream) across six major regions.

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 favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us

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Solar Charge Controller Market | Size, Top Key Players, Latest Trends, Regional Insights and Industry Dynamics By 2028

Future Market Insights (FMI) has published a new research study on the global solar charge controller market titled ‘Solar Charge Controller Market: Global Industry Analysis 2013–2017 and Forecast, 2018–2028’. According to FMI, the solar charge controller market was valued at US$ 1.4 billion at the end of 2017 and is anticipated to grow at an impressive CAGR to reach US$ 3.4 billion by end of the forecast period.

  • Global Solar Charge Controller market size in 2017 was nearly US$ 1.4 billion
  • The Solar Charge Controller market will observe just-above 8% CAGR over 2018-2028

FMI finds that in 2018, East Asia and Europe were attractive regions in the solar charge controller market, accounting for more than 49% of the global market share. The demand for solar charge controllers is witnessing a linear trend with rising demand for offgrid solar panel systems from economies, such as China, India, USA, Brazil and some of the ASEAN and African countries.

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Developing economies, such as China, India, Malaysia and Brazil, are anticipated to positively influence the sales of solar charge controllers. Government initiatives related to subsidiaries for solar panel systems led by China, India and some of the Latin American countries are expected to further intensify the deployment of solar panel systems and solar charge controllers.

Increasing orders related to off-grid solar panel systems and solar charge controllers for deployment in remote and residential applications are expected to positively impact the growth of the global solar charge controller market during the forecast period.

Developments in solar charge controllers, such as auto night detection, LCD display, overcharging protection and growth in communication solutions integrated with solar charge controllers, are driving the growth of the global solar charge controller market. The growth of solar charge controllers market is being positively impacted by the deployment of offgrid solar panel systems.

30A to 50A Solar Charge Controllers to Hold One Third Share in Market Growth

Based on current charging capacity, solar charge controllers with 30A to 50A is anticipated to remain the primary sub-segment in terms of market share, covering nearly 33% by the end of 2028. Growth in demand for lead acid battery for storage applications in developing economies is anticipated to impact the sales of solar charge controllers.

Further, the rise of new entrants in the global solar charge controller market will initiate new production bases in developing economies for solar charge controllers.

Based on technology, the MPPT based solar charge controllers will register high growth rate and are anticipated to be a prominent segment in the global solar charge controller market. PWM based solar charge controllers are expected to account for an estimated value of US$ 1,980.5 Mn by the end of 2028.

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Key Segment

By Current Charging Capacity

  • up to 8A
  • 8A to 20A
  • 20A to 30A
  • 30A to 60A
  • 60A to 80A
  • 100A to 250A
  • Above 250A

By Battery Type

  • Lead acid Battery
  • Lithium Ion Battery

By Technology

  • Pulse Width Modulation (PWM)
  • Maximum Power Point Tracking (MPPT)

By Region

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

Solar Charge Controller Market will Remain Highly Fragmented

The global solar charge controller market is highly fragmented and the tier-1 players contribute to nearly 1/3rd of the market share. The competition among the global and regional players is becoming intensified due to rise of new players in developing economies.

Leading manufacturers of solar charge controllers are widespread, with both regional and global players offering solar charge controllers in their targeted marketplaces.

Manufacturers are concentrating on acquiring new orders for the installation of solar charge controllers. Further, the adoption of MPPT based solar charge controllers will be a driving factor for the growth of the global solar charge controller market.

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 favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
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For Sales Enquiries: sales@futuremarketinsights.com