Market Research Blog – Page 11479 – New Product Development

Orthopedic Prosthetic Devices Market Share 2022, Global Trends, Demand Factors And Outlook 2032

The orthopedic prosthetic devices market is projected to register a CAGR of 4.7% during the forecast period, up from US$ 1.9 Bn in 2019 to reach a valuation of US$ 2.8 Bn by 2027

Orthopedic Prosthetics are an external mechanical devices that replaces a missing body part in the skeletal system. Its acts as a prevention or correction of injuries or disorders of the skeletal system and associated muscles, joints and ligaments. An orthopedic prosthetic devices are medical devices manufactured to replace a missing joint or bone or to support a damaged bone by the help of artificial body parts.

The orthopedic prosthetic devices are mainly used to overcome from the traumatic injury, congenital condition or disabling illness. This devices helps the individuals who experience an upper limb/extremity amputation, are missing not only a limb, but also a sophisticated tool for daily living.
More than 10 million people are living with amputees. Incidence of amputation is around 1.5 per 1000 population. Approximately 185,000 amputations occur in the United States each year.

Orthopedic Prosthetic Devices Market: Drivers and Restraints:
Presently, orthopedic prosthetic devices global market is driven by technological advancement, increasing in the number of incidence of disabilities, growing rate of chronic and lifestyle disease.

Orthopedic prosthetic devices global market is driven by the increased focus on improving quality of life, rapid innovations in production and modeling technologies, growing awareness towards orthopedic ailments and rise in sports injuries. However, growing healthcare budget, poor healthcare reimbursement and payment models, and consolidation of market leaders act as a major barrier for the growth of this market.

Orthopedic Prosthetic Devices Market:

Overview:

With rapid innovations in production and modeling technologies and growing awareness towards orthopedic ailments and rise in sports injuries. The orthopedic prosthetic devices global market is expected to have a healthy growth rate in the forecast period (2015-2025).

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Orthopedic Prosthetic Devices Market: Region-wise Outlook:

Depending on geographic region, global orthopedic prosthetic devices market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa.

North America held largest share in the global orthopedic prosthetic devices market followed by Europe and Asia Pacific. The developing nations in Asia pacific, Middle East and Africa hold huge potential for growth in the global orthopedic prosthetic devices market, owing to developing economies and technological advances.

Orthopedic Prosthetic Devices Market: Key Players:

Some of the key participating major global players in this market are Hanger Inc., Otto Bock HealthCare GmbH, Endolite Ltd., Touch Bionics Inc., Ossur hf., The Ohio Willow Wood Co., Fillauer LLC., Howard Orthopedics Inc., and others.

Table of Content

Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

3.2. Scenario Forecast

3.2.1. Demand in Optimistic Scenario

3.2.2. Demand in Likely Scenario

3.2.3. Demand in Conservative Scenario

3.3. Opportunity Map Analysis

3.4. Investment Feasibility Matrix

3.5. Value Chain Analysis

3.5.1. Profit Margin Analysis

3.5.2. Service Providers

3.6. PESTLE and Porter’s Analysis

3.7. Regulatory Landscape

3.7.1. By Key Regions

3.7.2. By Key Countries

3.8. Regional Parent Market Outlook

Global Orthopedic Prosthetic Devices Market Analysis 2017-2021 and Forecast, 2022-2032

4.1. Historical Market Size Value (US$ Mn) Analysis, 2017-2021

4.2. Current and Future Market Size Value (US$ Mn) Projections, 2022-2032

4.2.1. Y-o-Y Growth Trend Analysis

4.2.2. Absolute $ Opportunity Analysis

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Transcatheter Heart Valve Replacement (TAVI) Market Production, Growth, Share, Demand and Applications Forecast to 2032

The transcatheter heart valve replacement market is predicted to advance at an impressive CAGR of 12% from 2022 to 2032.The report scrutinizes the market into various segments, regions and players on the basis of demand pattern and growth prospects.

Crucial information and forecast statistics covered in the Transcatheter Heart Valve Replacement Tavi market report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.

COVID-19 Impact Analysis on Transcatheter Heart Valve Replacement Tavi Market

The recent outbreak of the COVID-19 has turned the spotlight on the healthcare industry, and subsequently impacted the Transcatheter Heart Valve Replacement Tavi market.

Severe shortages of critical medical supplies and a rapid rise in number of COVID-19 cases have resulted into a revolution rather than evolution in the healthcare ecosystems.

Consequently, the impact is noticeable in the Transcatheter Heart Valve Replacement Tavi market.

Following government’s measures, particularly social distancing norms and stay-at-home orders, doctors are delaying or postponing elective surgeries unless critical to prevent the spread of the virus to individuals with comorbidities or chronic conditions.

Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace.

The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Transcatheter Heart Valve Replacement Tavi market.

This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.

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Transcatheter Heart Valve Replacement Tavi Market: Segmentation

Valuable information covered in the FMI’s Transcatheter Heart Valve Replacement Tavi market report has been segregated into key segments and sub-segments.

Transcatheter Heart Valve Replacement Tavi Market: Competition Analysis

The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Transcatheter Heart Valve Replacement Tavi market.

Competitive information detailed in the Transcatheter Heart Valve Replacement Tavi market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player.

Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Transcatheter Heart Valve Replacement Tavi market report.

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Table of Content

Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

3.2. Scenario Forecast

3.2.1. Demand in Optimistic Scenario

3.2.2. Demand in Likely Scenario

3.2.3. Demand in Conservative Scenario

3.3. Opportunity Map Analysis

3.4. Product Life Cycle Analysis

3.5. Supply Chain Analysis

3.5.1. Supply Side Participants and their Roles

3.5.1.1. Producers

3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

3.5.1.3. Wholesalers and Distributors

3.5.2. Value Added and Value Created at Node in the Supply Chain

3.5.3. List of Raw Material Suppliers

3.5.4. List of Existing and Potential Buyer’s

3.6. Investment Feasibility Matrix

3.7. Value Chain Analysis

3.7.1. Profit Margin Analysis

3.7.2. Wholesalers and Distributors

3.7.3. Retailers

3.8. PESTLE and Porter’s Analysis

3.9. Regulatory Landscape

3.9.1. By Key Regions

3.9.2. By Key Countries

3.10. Regional Parent Market Outlook

3.11. Production and Consumption Statistics

3.12. Import and Export Statistics

Global Transcatheter Heart Valve Replacement (TAVI) Market Analysis 2017-2021 and Forecast, 2022-2032

4.1. Historical Market Size Value (US$ Mn) & Volume (‘000 Units) Analysis, 2017-2021

4.2. Current and Future Market Size Value (US$ Mn) & Volume (‘000 Units) Projections, 2022-2032

4.2.1. Y-o-Y Growth Trend Analysis

4.2.2. Absolute $ Opportunity Analysis

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Protein Crystallization and Crystallography Market Future Demands, Regional Developments and Industry Competitive Landscape Analysis 2032

The global protein crystallization and crystallography market is estimated to reach US$ 2.23 billion in 2028. Proteins are the organic macromolecules that are composed of long chain of amino acids. Protein crystallization and crystallography is the process for the formation of small protein crystals. This process is widely used by industrial and scientific purposes. Proteins normally functions in aqueous environments thus protein crystallization process is generally carried out in water.

The main goal behind protein crystallization and crystallography is to develop well ordered protein crystals that overcome the inherent fragility of protein molecules. Many factors such as purity of proteins, concentration of proteins, pH, temperature of medium, additives (buffers) and precipitation (such as ammonium sulfate and polyethylene glycol) may influence the process of protein crystallization and crystallography.

The major factor influencing the market growth of protein crystallization and crystallography market is the development of new technologies. The factor enables to develop new area of advancements for this market and hence drives the growth of protein crystallization and crystallography market. In addition, increasing need for high resolution information on protein structures will further drive the growth of crystallization and crystallography market.

The other factor that stimulates the growth of crystallization and crystallography market includes increasing government grants and research and development activities in the biotechnological and pharmaceutical industries which demand the utilization of crystallization and crystallography techniques. Furthermore, emergence of advance technologies like X-ray-free electron lasers in protein crystallization and crystallography market increases the number of users and drives the market growth.

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However, lack of skilled and knowledgeable personnel to operate this technique will restrain the growth of this market. In addition, high cost and time consuming method further restrains the growth of protein crystallization and crystallography market. Moreover, protein crystallization method is limited to specific types of protein molecules that will also restrain the growth of protein crystallization and crystallography market.

Geographically, North America accounts for the largest market of protein crystallization and crystallography. Presence of large number of pharmaceutical and biotechnologies companies coupled with increasing research and development activities in North America will help this region to hold strong position in the market. Europe is considered as the second largest market for protein crystallization and crystallography.

The growth in Europe is mainly attributed to positive initiatives from European government coupled with increasing acceptance of protein crystallization and crystallography among people. In addition, Asia-Pacific countries such as India and China are the emerging regions for the global protein crystallization and crystallography market due to increasing investment by pharmaceutical and biotechnology companies in this region.

The major players competing in protein crystallization and crystallography market are Hampton Research, Molecular Dimensions Ltd., PerkinElmer, Inc., GE Healthcare Life Sciences, Danaher Corporation, Bruker Corporation, Agilent Technologies, Inc., Hampton Research, Jena Bioscience, Rigaku Corporation, Formulatrix, Inc., MiTeGen LLC, Bruker Corporation and others.

This research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically-supported and industry-validated market data and projections with a suitable set of assumptions and methodology. It provides analysis and information by categories such as market segments, regions, product types and distribution channels.

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Table of Content

Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

3.2. Scenario Forecast

3.2.1. Demand in Optimistic Scenario

3.2.2. Demand in Likely Scenario

3.2.3. Demand in Conservative Scenario

3.3. Opportunity Map Analysis

3.4. Product Life Cycle Analysis

3.5. Supply Chain Analysis

3.5.1. Supply Side Participants and their Roles

3.5.1.1. Producers

3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

3.5.1.3. Wholesalers and Distributors

3.5.2. Value Added and Value Created at Node in the Supply Chain

3.5.3. List of Raw Material Suppliers

3.5.4. List of Existing and Potential Buyer’s

3.6. Investment Feasibility Matrix

3.7. Value Chain Analysis

3.7.1. Profit Margin Analysis

3.7.2. Wholesalers and Distributors

3.7.3. Retailers

3.8. PESTLE and Porter’s Analysis

3.9. Regulatory Landscape

3.9.1. By Key Regions

3.9.2. By Key Countries

3.10. Regional Parent Market Outlook

3.11. Production and Consumption Statistics

3.12. Import and Export Statistics

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Tissue Sealants and Tissue Adhesive Market Trends, Overview, Industry Growth And Forecast To 2032

Future Market Insights (FMI) adopted a multidisciplinary approach during the pandemic-era to focus on the growth and development of the Tissue Sealants and Tissue Adhesive Market.

The study features insights on the current growth dynamics and the major revenue reforms prevailing in the market as along with the key takeaways over the forecast.

The COVID-19 pandemic has caused severe impacts on the global economy at various levels and which can be seen on the Healthcare industry as well.

The thriving market of health care research and development is expected to exhibit a steep decline in the sales during the lockdown period owing to the shutdown of the manufacturing units, acute shortage in the supply of raw materials and absence of potential manpower.

It can be deduced from the current situations brought about by the pandemic that the production, and supply chain activities have experienced minor hurdles.

However, the market is projected to gradually recover post-COVID-19, which will present attractive opportunities for sales across various regions of the world in the following years.

The team of analysts at Future Market Insights are focussing on research and market study to produce different Tissue Sealants and Tissue Adhesive Market forecasts and predictions at both national and international levels.

They have considered several leads of information pertaining to the industry like market figures and merger estimations to assess and produce reliable and informative insights on the Tissue Sealants and Tissue Adhesive Market.

Key Players

The writer will create content on the general strategies of market players. And then will write the key players in the market are: Baxter International Inc., Johnson & Johnson, Exapharma, Smith & Nephew, C.R Bard and Integra LifeSciences.

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Segmentation

The report provides insights on the important highlights and current trends prevailing in the market. This helps the readers to gain a deeper understanding and form an unbiased opinion on the market. Numerous segmentations have been provided for this market based on:

By Product:

Tissue Sealants
Synthetic Tissue Sealants
Non-Synthetic Tissue Sealants
Fibrin Based Tissue Sealants
Collagen Based Tissue Sealants
Protein Based Tissue Sealants
Tissue Adhesives
Cyanoacrylate Based Tissue Adhesives
Other Cross-linkable Polymer Based Tissue Adhesives

By End Users:

Physicians
Surgeons

Product Segmentation

The investigation offers a top to bottom evaluation of different clients’ journeys pertinent to the market and its segments. The study endeavours to assess the current and future development possibilities, undiscovered roads, factors that shapes their income potential in the global market by breaking it into di such as its types, applications, and region-wise assessment.

By Regional Analysis Covered

North America (U.S., Canada)
Latin America (Mexico, Brazil)
Western Europe (Germany, Italy, U.K, Spain, France, Rest of Western Europe)
Eastern Europe (Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa)

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Table of Content

Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

3.2. Scenario Forecast

3.2.1. Demand in Optimistic Scenario

3.2.2. Demand in Likely Scenario

3.2.3. Demand in Conservative Scenario

3.3. Opportunity Map Analysis

3.4. Investment Feasibility Matrix

3.5. PESTLE and Porter’s Analysis

3.6. Regulatory Landscape

3.6.1. By Key Regions

3.6.2. By Key Countries

3.7. Regional Parent Market Outlook

Global Tissue Sealants and Tissue Adhesive Market Analysis 2017-2021 and Forecast, 2022-2032

4.1. Historical Market Size Value (US$ Bn) Analysis, 2017-2021

4.2. Current and Future Market Size Value (US$ Bn) Projections, 2022-2032

4.2.1. Y-o-Y Growth Trend Analysis

4.2.2. Absolute $ Opportunity Analysis

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Injectable Drugs Market Key Players, SWOT Analysis, Key Indicators, Forecast and COVID 19 Impact Analysis 2032

According to the Future Market Insights’ analysis, the injectable drugs market is set to grow at a 5.8% CAGR over the assessment period. As per the report, the market is projected to be valued at US$ 937.0 Bn by the end of 2032.

Injectable Drugs Market to Grow at 5.85 through 2032 Amid Increasing Utilization of Intravenous Drug Delivery

Cancer, cardiovascular diseases, and metabolic diseases like diabetes, are the main cause of mortality and disability in present times. Even with the understanding of scientific disease indications, it is crucial to elevate diagnosis and control the symptoms and signs of illness.

Advancements in technologies that involve optimization of the devices used for clinical conditions, be it chronic or acute, clinical innovations, bringing in minimally invasive treatments, and evolvement in clinical diagnostics and management in treating high-risk patients, are the key developments within the general healthcare industry.

Demand for related treatments is increasing, as people are now more aware of the right treatment options, doctor-guided plans, and precautionary measures to consider for serious clinical conditions.

Key players in the injectable drugs market are actively seeking to gain approvals from regulatory bodies, and develop products across the continuum of care in severe case recovery. Furthermore, the FDA is expected to approve new devices related to advanced injectable drugs and their administration, over the coming years.

“Increasing incidence of infectious diseases, oncological diseases, cardiac disorders and device innovation are prompting healthcare providers to incorporate new treatment regimens for improved patient outcome,” says an FMI analyst.

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Key Takeaways:

By product, monoclonal antibodies held the largest share of 20.5% in the global market in 2021.
Based on application, infectious diseases segment held the largest share of 26.4% in the global market in 2021, with the segment expected to expand at 5.7% CAGR over the forecast period.
In terms of molecule, large molecule segment held the largest share of 51.8% in the global market in 2021.
By route of administration, sales in the intravenous (IV) segment are expected to increase at a 5.3% CAGR over the assessment period.
Based on distribution channel, the hospital pharmacies segment was valued at US$ 231.0 Bn in 2021.
North America held the largest share of 31.5% in the global injectable drugs treatment market in 2021, owing to the growing government investments in healthcare and R&D activities.

Competitive Landscape

Product launches and collaborations with suppliers that have a strong position and are popular in the market are some of the key strategies of the market players operating in the global injectable drugs market. For instance:

Merck and Gilead Sciences, Inc. (Gilead) signed an agreement in March 2021 to collaborate on the development and commercialization of long-acting HIV treatments that combine Merck’s investigational nucleoside reverse transcriptase translocation inhibitor islatravir and Gilead’s investigational capsid inhibitor lenacapavir.
In March 2022, Sanofi IGM Biosciences, Inc. today announced the signing of an exclusive worldwide collaboration agreement to create, develop, manufacture, and commercialize IgM antibody agonists against three oncology targets and three immunology/inflammation targets. Engineered IgM antibodies represent a new class of potential therapeutics that combine the multi-valency of IgM antibodies possessing 10 binding sites compared to conventional IgG antibodies having only 2 target binding sites.
In February 2022, Novartis India Limited extends access to its medicines in India by signing exclusive sales and distribution agreement with Dr. Reddy’s Laboratories

Key Segments:

By Product:

Monoclonal Antibodies
Immunoglobulin
Cytokines
Insulin
Peptide Hormones
Blood Factors
Peptide Antibiotics
Vaccines
Small Molecule Antibiotics
Chemotherapy Agents
Others

By Application:

Oncology
Infectious Diseases
Diabetes
Blood disorders
Hormonal Disorders
Musculoskeletal Disorders
CNS Diseases
Pain Management
Cardiovascular Diseases

By Molecule Type:

Small Molecules
Large Molecules

By Route of Administration:

Intravenous (IV)
Intramuscular (IM)
Subcutaneous (SC)

By Distribution Channel:

Hospital Pharmacies
Retail Pharmacies
Drug Stores
Online Pharmacies

By Region:

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

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Table of Content

Global Injectable Drugs Market – Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supple Side Trends

1.4. Analysis and Recommendations

Market Overview

2.1. Market Definition and Introduction

2.2. Market Taxonomy/ Research Scope

2.3. Inclusions & Exclusions

Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

Key Success Factors

4.1. Disease Epidemiology

4.2. Pipeline Analysis

4.3. Regulatory Scenario

4.4. Promotional Strategies, By Key Manufacturers

4.5. Supply chain Analysis

4.6. PESTEL Analysis

4.7. PORTER Analysis

4.8. Number of Clinical Trial

4.9. List of Manufacturers

TOC Continued…!

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Global Painting Robots Market Size Expanded At A CAGR Of Over 2.4% By 2031 End

Dedicated supply chains, design services, and research and development organizations have seamlessly worked over the years to provide optimum solutions to end-users. The painting robots market will register increasing growth as a result of high demand from various industries including HVAC, furniture, sanitary ware, textiles and heavy engineering equipment.

The provision of a consistent categorization of the potential in each type of market is an important step in analysing the potential for robotics and painting robot technology.

Industries, particularly automotive and electronics manufacturing, have a high demand for flexibility in automation systems to move beyond traditional manufacturing processes. The use of painting robots in the automotive industry is expected to increase as electric vehicle production increases.

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According to the study, Germany, the U.S., and Japan are likely to emerge as highly lucrative market for painting robots. Surging automotive sales in Germany will remain a chief growth driver.

Key Takeaways of Painting Robots Market Study

Painting robots market size will reach US$ 2.92 Bn in 2021 The U.S. will emerge as a highly lucrative market, creating absolute dollar opportunity of US$ 334 Mn by 2031 Demand for painting robots will grow by 12.7% CAGR in Germany China will lead sales of painting robots in East Asia. Demand for painting robots in China will grow by 7.3% CAGR between 2021 and 2031 Japan and South Korea are expected to account for 16% of sales in painting robots market in 2021.

“With manufacturing sector exhibiting high demand of painting robots, market players are expected to focus on customizing features to cater to specific industry requirements. Besides this, they are expected to use diverse marketing platforms for product positioning,” said a FMI analyst.

During the forecast period, the painting robots market is expected to be aggressively driven by demand for automation. With the positive influence from industry 4.0 and the rising applications of quality management systems to enhance efficiency of operations and reduction of error rate, there will be surge in sales of painting robots in the coming years.

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Competitive Landscape

The global market for painting robots is identified to be extremely consolidated, with the top manufacturers controlling about 75-80% of the overall market. Market players are competing to increase their global footprints and collaborate directly with end users.

By providing speed and scalability through their goods, they are producing economic solutions and addressing production issues for their customers. The major players are also focusing on value added services to establish robust service network.

Furthermore, painting robot manufacturers are adopting key supply trends such as easy integration of robots into customers’ systems, easily programmable robots, and flexible deployment to gain competitive edge. Some of the key players in the market are Dürr AG, ABB Ltd, Kuka AG, Fanuc Corporation, Kawasaki Heavy Industries Ltd, and Yaskawa Global.

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Sales Of Electric Sub-Meters Accounted For Approximately 35% Share Of The Global Electric Meters Market In 2022

The electric sub-meter market registered sluggish growth amid the COVID-19 pandemic in 2020. Contraction in growth is particularly attributable to restrictions in production, logistics, and sales enforced by governments worldwide.

The global value of the electric sub-meter market was $9.74 billion in 2021, and it is expected to grow steadily between 2022 and 2030.

In the current market scenario, leading manufacturers are focusing on R&D activities to develop smart sub-meters for a variety of applications. Smart sub-meters help to reduce electrical leaks and power outages while also providing customers with accurate consumption data.

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Key Takeaways for Electric Sub-meter Market Study

Increasing consumer inclination towards smart sub-meters, owing to surging use of Internet of Technology (IoT), is anticipated to bolster market growth.
Conventional sub-meter manufacturers are merging with global technology providers and key market players, considering increasing traction towards smart sub-meters.
Governments in several countries are launching initiatives for rural electrification and installation of digital sub-meters.
Given noteworthy growth of the market in China, the East Asia region is projected to have a significant share in the global electric sub-meter market from 2022 to 2030.
The COVID-19 pandemic has put a majority of manufacturing and the supply chain of electric sub-meters on hold. As the number of infected individuals is increasing, industrial trade activities are expected to plunge significantly on a global scale, affecting the production and demand for electric sub-meters. Post containment of COVID-19 and lifting of lockdowns in developed regions, the global population would continue to follow social distancing protocols. Sales of electric sub-meters and new projects related to deployment of smart sub-meters in South East Asian countries will then pick pace.

“Manufacturers in emerging markets such as India and ASEAN countries are entering into supply agreements through tenders and new orders. Replacement of conventional electric sub-meters with novel smart sub-meters is expected to remain the key growth driver of the electric sub-meter market. In addition, manufactures are investing heavily in R&D activities in order to provide tech-driven smart electric sub-meters at comparatively lower prices, without compromising on quality.”

Electric Sub-meter Market: Competitive Landscape

Players active in the electrical sub-meter market covered in this research study are ABB, OSAKI ELECTRIC CO., LTD., Schneider Electric, Honeywell International, Landis+Gyr, General Electric, Itron Inc., Siemens AG, Xylem Inc., and Mitsubishi Electric Corporation. These key participants are looking to expand their footprints by acquiring regional manufacturers in the electrical sub-meter market.

Moreover, the global electric sub-meter market is fairly fragmented, with the presence of global as well as regional manufacturers. Market competition is anticipated to intensify due to strategic mergers & acquisitions by global market players to reinforce their business presence across continents.

Governments in countries such as Indonesia and Vietnam are walking the extra mile to enable proper electrification across their nations, and, as such, intensifying the competitive ratio in the market. Regional players in the electric sub-meter market are working towards innovating their product portfolios and reducing operational costs to provide products at lower prices.

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Find More Valuable Insights on Electric Sub-meter Market

FMI, in its new market research study, offers an unbiased analysis of the electric sub-meter market, which comprises global industry analysis of 2014–2021 and opportunity assessment for 2022–2030. The report offers complete analysis on the global electric sub-meter market through four different categories –product, phase, application and region.

The global electric sub-meter market study provides information of pricing by different life cycle analysis, product life cycle, key market trends, and technologies that are being implemented in the production of electric sub-meters, and product adoption in varied end-use industries.

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Clad Pipe Market Is Expected To Register Robust Growth Over The Forecast Period By 2028 End, FMI

They are mostly used in the offshore oil & gas industry in high temperature and high pressure conditions as they exhibit high corrosion resistivity. Clad pipes are special corrosion-resistant pipes made by bonding carbon steel pipes with corrosion resistant alloys (CRAs) to withstand highly corrosive environments.

Clad pipes are known to be special corrosion-resistant pipes that are made by bonding carbon steel pipes with corrosion resistant alloys (CRAs) to withstand highly corrosive environments. The global clad pipe market is estimated to register a CAGR of 5.6% during 2018-2028. Middle East and Africa, Western Europe and South East Asia & Pacific clad pipe markets are estimated to account for significant value shares by the end of the forecast period.

The average volume per year has been expressed in volume in the clad pipe report (Tons). The metallurgical bonded clad pipe segment is expected to grow rapidly over the forecast period among the clad pipe segments by type.

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Global sales of clad pipes is estimated to be valued at US$ 2,000.3 Mn by the end of 2018 and is expected to register a CAGR of 5.6% over the forecast period. Middle East and Africa, Western Europe and South East Asia & Pacific regions are expected to account for the lion’s share of the global clad pipe market by the end of 2028 and are expected to retain their positions as market leaders during the forecast period.

Global Clad Pipe Market Dynamics

Corrosion is one of the major problems affecting the efficiency of oil & gas and other petrochemical pipeline operations. According to a report by the World Corrosion Organization, corrosion costs account for an estimated US$ 2.5 Trillion worldwide, which is almost 4% of the GDP of industrialized countries. Out of which, 45% is spent in oil & gas and petrochemical sectors, which accounts to almost US$ 1 Trillion. With towering corrosion costs and interruptions caused due to leaks, maintenance and turnarounds, the clad pipe market is expected to witness great demand over the forecast period.

Recent oil and gas price trends have encouraged major oil and gas companies to increase their investments in new area exploration. This has resulted in the development of a number of oil and gas projects, particularly in the offshore segment, resulting in a high demand for clad pipes. Western Europe, the Middle East, and Africa are seeing increased offshore oil and gas spending as a result of new projects in the North Sea, Persian Gulf, Gulf of Guinea, and Mediterranean Sea, which are expected to drive demand for the clad pipe market. Around half of the remaining oil and gas reserves are in highly corrosive environments. Given the increase in oil and gas exploration activities around the world, this is expected to drive demand for clad pipes.

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The primary driver for the global clad pipe market is the protection of pipelines from highly corrosive marine environments, as well as the relatively low cost of clad pipes in comparison to other CRA pipes. During the forecast period, the clad pipe market is expected to generate an incremental $ opportunity worth nearly US$ 3454.4 Mn, expanding at a CAGR of 5.6 percent.

Key Segments Covered

On the basis of pipe type, the global clad pipe market has been segmented into

Metallurgical Bonded
Mechanically Lined
Weld Overlay

On the basis of grade, the global clad pipe market has been segmented into

316
625
825
Others

On the basis of outer diameter, the global clad pipe market has been segmented into

4-12 Inch
12-24 Inch
24-48 Inch
48-60 Inch
60-120 Inch

On the basis of wall thickness, the global clad pipe market has been segmented into

3-6 mm
6-18 mm
18-36 mm
36-60 mm
60-120 mm

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Worldwide Bridge Bearings Market Is Projected To Reach Us$ 935 Mn By 2028: Future Market Insights Inc.

The presence of numerous global as well as regional players has led to widespread fragmentation in the global bridge bearings market. With increasing adoption of bridge bearings in the global construction sector, players in the market are focussing on strengthening their base in the early stages of product development.

A new report from leading research firm Future Market Insights examines the global bridge bearings market’s growth trajectory over a six-year period, from 2022 to 2028, and sheds light on the current market structure and key strategies employed by the leading market players.

According to the research, revenue from bridge bearing sales is expected to reach US$ 935.0 Mn by the end of 2028, up from an estimated US$ 586.2 Mn by the end of 2022, registering a CAGR of 4.8 percent over the forecasted 10-year period 2022–2028.

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Future Market Insights’ Recommendations for Market Players

The report reveals that China is currently the most prominent regional market for bridge bearings. Growth in the production of steel in China has led to increasing demand for bridge bearings and this demand is anticipated to remain on an upward swing in the coming decade.

Increasing investments in transportation infrastructure in the countries of Latin America and Middle East & Africa is further expected to lead to a surge in sales of bridge bearings in these two regional markets. With manufacturers of bridge bearings looking to expand strategically across key regional markets, Future Market Insights recommends key players to pump in investments in the developing markets of China, MEA, and Latin America.

Mergers and acquisitions are a key strategy adopted by market players, and according to Future Market Insights’ analysis, M&A activities in developing markets will help manufacturers of bridge bearings expand their product offerings.

Boost in Governmental Investments Towards Global Infrastructure Projects and Growth in Construction Activities to Create Lucrative Opportunities for Manufacturers of Bridge Bearings

Rapid urbanisation at the global level has led to a burgeoning expansion of the construction sector across the world. Governments of both developing and developed economies are greenlighting multiple construction and infrastructural projects to strengthen commercial and transportation infrastructure development. This is anticipated to boost global demand for bridge bearings in the construction sector.

Further, a growing demand among the population in China, Europe, U.S, and the Middle East for amusement parks, luxury sports venues, and other leisure activity establishments is fuelling revenue growth of the bridge bearings market. Manufacturers of bridge bearings will witness sustained growth in future if they leverage the numerous opportunities created in the global market and enhance their product portfolio.

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Emergence of Global Bridge Preservation Partnerships and Increasing Use of Neoprene Elastomeric Bridge Bearings Trending the Bridge Bearings Market

One of the trends observed in the bridge bearings market is the emergence of several partnerships at the global level to maintain the integrity of existing as well as new bridges. The main objective of these collaborations is to reduce/delay/prevent deterioration of bridges, restore the core functionalities, and maintain the bridge structure in good condition to ensure enhanced performance spanning several years.

The American Association of State Highway and Transportation Officials (AASHTO) is involved in the R&D of advanced tools and methodologies to extend bridge life through preservation treatments and construction best practices. This association further promotes the use of seismic force resistant products such as bridge bearings in the U.S. The Europe based National Cooperative Highway Research Program – in partnership with the AASHTO – focuses on bridge evaluation and the necessary quality control checks.

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Demand For Air Separation Plants In The Chemical Sector Will Remain The Highest With The Industry Accounting For Over 20% Market Share By 2028 End

The global air separation plant market enjoys a valuation of US$ 5.9 Bn, and projected to expand at a CAGR of 5% to attain a net worth of US$ 7.9 Bn by the end of 2028. Strong demand for air separation plants in the healthcare industry is expected to be a prominent trend favoring overall market growth across regions.

The global market for air separation plants will reach a valuation of US$ 7,891.1 Mn by 2028, growing at a steady CAGR of 4.9 percent, with China holding the majority of the global market share in the coming decade.

Furthermore, many industrial activities are shifting toward high purity gases, which is boosting innovation in the air separation plant market. Chemical properties such as reactivity and physical properties such as density, boiling point, and vapour pressure make these gases suitable for use in a variety of industries—they are known as fuel gases, medical gases, refrigerant gases, or specialty gases depending on the industry.

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An Overview of the Global Air Separation Plant Market

A large share of the market revenue is likely to be generated by the chemical, iron and steel, healthcare, and food and beverages industries. Air separation plants are used for separating atmospheric air into industrial gases—including nitrogen, oxygen, argon, and other inert gases. Increasing demand for such industrial gases will create opportunities for the air separation plant market to grow in the coming years.

Growing emphasis on gas packaging, rapid refrigeration, and freezing technologies in the food and beverages industry is fuelling the demand for liquid nitrogen freezing. Several air separation plant manufacturers are specifically launching units for gas-related products in the food industry. Additionally, demand for medical gases and equipment like infusion pumps and continuous positive airway pressure (CPAP) devices in hospitals and private homes, will ramp up the investments in air separation plants market in the coming years.

Growing Demand for Pure Gases Augmenting Adoption of On-site Air Separation Plants

In lieu of growing demand for on-site gas generation for environmental-friendly operations, key players in the air separation plant market are catering to diverse needs of several industries looking for volume and purity, with customizable on-site production solutions. On-site air separation plant enhances energy efficiency, boosts product quality, and increases throughput. Modular configuration, designed with backup systems, and easy installation and integration are some factors pushing the adoption of on-site air separation plant technologies—offering highly reliable source of energy.

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Customized Solutions, M&A, and Divestments: Key Strategies Driving the Global Air Separation Plant Market

Top players operating in the global air separation plant market are focussing on strategic mergers and acquisitions to expand their businesses in regions with high industrial growth. Manufacturers are also empowering end-users with innovations and digitization in air separation plants for increased operator comfort and protection. In order to meet specific customer demands in terms of gas volume and purity, market players are customizing air separation plants. For instance, Linde AG serves a major share of customers looking for customized solution owing to their worldwide presence and vast experience in engineering and operation of customized air separation plants.

However, factors such as high capital costs associated with setting up of air separation units and cyclical fluctuations in end-user markets could negatively impact the growth of air separation plants market, in terms of market volume. Mature markets of Japan are likely to reduce air separation plants deployments in the coming years.

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