Market Research Blog – Page 11722 – New Product Development

Bio-Medical Packaging Market Volume Analysis, Demand, Sales, Size, Innovation and Trends by FMI

The number of annual transplants and surgical implants in the world are increasing each year. This is made possible by effective and developing bio-medical packaging. Various developed methods of packaging, especially the development in manufacturing of bio-medical packaging by highly advanced packaging machines has enabled the longer life of organs and specimens, protection from contamination and thus, decreased number of failure in surgeries.

Bio-medical packaging market consists of various packaging solutions like bio-bottles, bio-pouches, bio-medical waste bins, temperature control kits, infectious substance packaging and much more. Increasing awareness in people about human body and advancement in biotechnology has ensured the growth of bio-medical packaging market in most parts of the world.

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Bio-medical Packaging Market Dynamics

People are now much concerned and aware about health of an average citizen and more number of people are taking oath for organ donation. Blood donation has also grown over last few years, especially in high income countries. This has increased the demand of long term bio-medical preservation and has driven the bio-medical packaging market. High investment by medical industry has led to ever changing technology. Presently, active refrigeration and thermostat equipped boxes are getting popular for storing specimen which highly increases the safe life time for the specimen over storing it in temperature controlled kits. This is a fact that might affect the bio-medical packaging market for a particular product.

Bio-medical packaging market is not only dedicated to safety of the matter stored in it, but also protects the environment from getting infectious by infected organs or samples. Government in every region is concerned about the cleanliness and standards maintained in the hospitals. Various standards are given to hospitals on the basis of standards maintained by the hospital and this directly governs the number of patients attended by the hospital. This fact has forced the hospitals to strictly maintain the standards and regularly change various packaging, and thus has driven the bio-medical packaging market.

Bio-medical Packaging Market Regional Overview

Other than some of the countries of Africa, most of the countries on every continent have some organization, either government controlled or private, taking care of public health at national level. This indicates a huge bio-medical packaging market worldwide other than a comparatively small market of Africa. After 2000, GDP of Africa has tremendously grown and also, population of Africa is continuously growing. This indicates a good opportunity for bio-medical packaging market in Africa. Number of surgical procedures performed per capita is relatively very high in Australia and Brazil.

The Middle East is widely known for plastic surgery in the world. Dubai is aiming half a million foreigners for plastic surgeries by 2020. North America has most of top positioned hospitals of the world with comparatively large capacity. Also, highly developed surgical treatments is the reason for people to trust the North American hospitals. This has driven the bio-medical packaging market in the North America.

Bio-medical Packaging Market Key Players

Some of the key players of bio-medical packaging market are Tecnisample SL, Temperature Packaging Solutions, CarePack Holland BV, Cibesmed biomedical packaging, Exeltainer SL, Custom Pack, Inc., Bio-bottle Ltd., Bio-Packaging Ltd., Extra Packaging Corp.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

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The report covers exhaustive analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

Regional analysis includes

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

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Bio-medical Packaging Market Segments

Bio-medical packaging market can be segmented by contact with the specimen as

Primary packaging
Secondary packaging

Bio-medical packaging market can be segmented by rigidity of packaging as

Flexible packaging
Rigid packaging

Bio-medical packaging market can be segmented by product type as

Bio-bottles
Bio-pouches
Bio-hazard bags
Infectious substance packaging
Temperature controlled kits
Bio-medical waste bins
Others

Bio-medical packaging market can be segmented by the region as

North America
Latin America
Western Europe
Eastern Europe
Middle East and Africa
Asia Pacific excluding Japan
Japan

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Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint.

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

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Chocolate Bar Packaging Market Size, Top Key Players, Latest Trends, Regional Insights and Global Industry Dynamics By 2027

Chocolate Bar Packaging Market: FMI deploys digital intelligence solutions to offer compelling insights to report buyers that help them in overcoming market challenges, especially at the time of a crisis. Our dedicated team of professionals performs an extensive survey for gathering accurate information associated with the market.

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FMI, in its upcoming business report, elaborates the historical and current scenario of the global Chocolate Bar Packaging market in terms of production, consumption, volume, and value. 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 Chocolate Bar Packaging 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 Chocolate Bar Packaging Market

The recent outbreak of the COVID-19 has adversely affected various markets in the packaging industry, and the Chocolate Bar Packaging market is no exception. Products which are deemed ‘essential’ continue to experience significant sales, while non-essential items faced a sharp decline in demand.

Following government’s measures, particularly social distancing norms and stay-at-home orders, companies operating in the Chocolate Bar Packaging market have put their production on a halt. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace. Several market players are further planning to relocate their supply chain from China – the first epicenter of the COVID-19.

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The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Chocolate Bar Packaging 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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Serving domestic and international clients 24/7

Prompt and efficient customer service

Data collected from reliable primary and secondary sources

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Chocolate Bar Packaging Market: Segmentation

Based on the types of materials used, chocolate bar packaging market is segmented into:

Paper
Plastic
LDPE
PVC
PET
PE
Foil
Aluminum

Based on the types of packaging, chocolate bar packaging market is segmented into:

Wrappers
Boxes
Secondary packaging (Pouches, Bags)

Chocolate Bar Packaging Market: Competition Analysis

The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Chocolate Bar Packaging market. Competitive information detailed in the Chocolate Bar Packaging 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 Chocolate Bar Packaging market report.

Key players covered in the report include:

Swiss Pac Pvt. Ltd., ATP – Engineering & Packaging, S.L, Futuristic Packaging Pvt. Ltd., Shantou Weiyi Packaging Co., Ltd., Baoding City Zhenghui Printing & Packing Industrial Co., Ltd., Shenzhen Dingqi Pack Co., Limited, Wenzhou Guoxin Packaging Co., Ltd., NITTOPACK CO., LTD., Tianjin Gorgeous Packing Material Co., Ltd., Shenzhen Proyu Technology Co., Limited, Jiangyin Sunkey Plastic Packaging Co., Ltd.

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Important Questions Answered in the Chocolate Bar Packaging Market Report

Which end user remains the top revenue contributor in different regional markets?

At what rate has the global Chocolate Bar Packaging market been expanding during the forecast period?

How will the global Chocolate Bar Packaging market look like by the end of the forecast period?

What innovative strategies are adopted by Chocolate Bar Packaging market players to stay ahead of the pack?

What are the restraints affecting the growth of the global Chocolate Bar Packaging market?

Key Offerings of the Report

Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets

Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.

Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis

Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions

Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Chocolate Bar Packaging market

https://www.notion.so/Covid-19-Impact-On-Pre-made-Pouch-Packaging-Market-Research-Report-2022-2029-d5c7842cdb9b41a181e9ae19ea050894

https://hackmd.io/@gIcs53uxSgCBwWUrR-iMXQ/HJTwXxCn5

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https://globalsocials.mn.co/posts/25495574?utm_source=manual

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Battery Energy Storage System Market 2022 Outlook, Current and Future Industry Landscape Analysis 2032

The most common renewable energy kinds stored in grids are solar and wind energy. However, the energy generation process is disrupted when the sun is obscured by clouds or by changing wind currents. Moreover, the significant financial investment necessary to build battery energy storage devices, on the other hand, is limiting industry expansion.

Such oscillations necessitate the deployment of flexible grid solutions for energy storage. Grid modernization is increasingly using battery energy storage technology.

According to an analysis by Future Market Insights (FMI), thebattery energy storage systems market is expected to be valued at US$ 64.92 Bn in 2032, with 27.9% CAGR during the forecast period.

The market’s expansion can be attributed to rising demand for grid energy storage systems due to ongoing grid modernization, increasing penetration of lithium-ion batteries in the renewable energy sector, and the rising trend of adopting a low-carbon fossil-fuel-free economy, as well as the ongoing renewable energy revolution.

However, utility application growth has been hampered by the abrupt breakout of a novel coronavirus. In 2021, there was a decrease in battery energy storage systems installed in various projects. In addition, the shutdown of manufacturing facilities throughout the world in the first and second quarters of 2020 contributes to the market’s fall in growth in 2020.

Various governments around the world, particularly in developing countries, are attempting to develop distant places like isolated rural areas and peri-urban areas and small islands cut off from national grids. Bringing electrical power to rural and remote locations is known as rural electrification. Rural electrification can benefit from battery energy storage devices.

Due to the aforementioned contributors, the battery energy storage systems market is likely to rise to US$ 15.1 Bn by 2027.

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Competitive Landscape

The battery energy storage systems market is dominated by BYD Company Limited (China), SAMSUNG SDI Co., Ltd. (South Korea), LG Energy Solutions Co., Ltd. (South Korea), and Panasonic Corporation (Japan).

The significant investment by the key players can be a positive contribution to the battery energy storage systems market.

SAMSUNG SDI Co., Ltd. announced PRiMX, a new battery brand, in December 2021 to provide consumers with quality, performance, and a demonstrated advantage, which means user convenience attained by the company’s developed technology. In Korea and Europe, the brand has been trademarked, and it will be registered in the United States soon.
LG Energy Solutions Co., Ltd. and Siemens AG signed a Memorandum of Understanding (MoU) in December 2021 for collaboration in battery manufacturing, specifically the digitization of the manufacturing process. LG Energy Solutions Co., Ltd. created smart battery manufacturing methods at its factories using innovative technology due to this strategic relationship.

Key Takeaways:

Lithium-ion batteries had the most significant market share in 2021, which is expected to continue throughout the projection period.
In 2021, the on-grid category will hold the most significant share of the battery energy storage systems market, with a substantial CAGR projected over the forecast period. The segment’s growth is likely to be fuelled by lower energy bills for clients who rely on the utility system for electricity.
In 2021, the utility application market will be prominent. The necessity to meet peak electricity needs is a fundamental factor driving the growth of the utility sector.
From 2022 to 2027, the APAC market is predicted to develop at the fastest rate. In 2021, the region will have the most significant share of the battery energy storage systems market.

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Key Segments

By Storage System:

Front-of-the-meter
Behind-the-meter

By Element:

Battery
Others

By Battery Type:

Lithium-Ion Batteries
Advanced Lead-Acid Batteries
Flow Batteries
Others

By Connection Type:

On-grid
Off-grid

By Ownership:

Customer-Owned
Third-Party Owned
Utility-Owned

By Energy Capacity:

Below 100 MWh
Between 100 to 500 MWh
Above 500 MWh

By Application:

Residential
Commercial
Utility

By Region:

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

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Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Summary of Statistics

1.3. Key Market Characteristics & Attributes

1.4. FMI Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Risks and Trends Assessment

4. Market Background

continued…!

About FMI

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

Contact:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/battery-energy-storage-system-market
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Medium Voltage Drives Market Size 2022 Global Key Findings, Industry Demand, Regional Analysis, Key Players Profiles, Future Prospects and Forecasts to 2032

Growing demand for air compressors in the petrochemical industry for production processes is expected to fuel medium voltage drives market growth. As power consumption varies with load size, installing MV drives that produce significant energy-saving effects can save a significant amount of energy.

In 2021, the medium voltage drives market was valued at more than USD 1.5 billion, and it is expected to grow at a CAGR of around 3.8% between 2022 and 2032.

Attributes	Details
Medium Voltage Drives Market CAGR (2022-2032)	3.8%
Medium Voltage Drives Market (2028)	US$ 1.95 Bn
Medium Voltage Drives Market Attraction	Growing concern for deploying energy consumption measures is anticipated to be major driving factor of medium voltage drives market.

Growing customer interest in incorporating renewables, combined with stringent standards and norms focusing on the deployment of energy-efficient systems, will drive medium voltage drives demand.

Furthermore, rapid urbanization and industrialization in emerging economies and increased investments in reliable and smart infrastructure will push medium voltage drives the market growth.

The 3 MW – 7 MW medium voltage drives market, is expected to gain significant traction as they are used to control the speed and torque of motors in a variety of applications. The use of medium voltage drives is rapidly increasing due to their low cost, small size, and ease of integration as standalone systems in various industries.

Key factors positively influencing medium voltage drives market growth include capital and operation cost savings, significant energy savings, control accuracy, and improved operational flexibility.

The medium voltage drives market is seeing an increased emphasis on lowering energy bills and energy-saving potential. Furthermore, installing these units allows pumps, fans, compressors, conveyors, and extruders to operate optimally and at a reduced capacity.

Due to their increasing installation across industrial verticals, medium voltage drives will see significant growth. In addition, these units are intended to provide improved control options and interfaces for various electronic motor drives.

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Furthermore, these devices provide optimized machine throughput across a wide range of applications and motors, including dynamic linear motors, standard AC induction motors, energy-saving hybrid motors, and high-performance servo motors, which will accelerate medium voltage drives deployment.

Key Takeaways:

The medium voltage drives market’s DC variable frequency drive segment is expected to grow due to its widespread application in the chemical and cement industries.
The power range segment in the medium voltage drives market is expected to grow steadily over the assessment period, owing to advancements in high-power motor designs that necessitate efficient drives to operate smoothly at higher outputs.
The DC sub-segment in the medium voltage drives market had a revenue share of about 3% in 2021 and is expected to grow steadily throughout the analysis period.
The oil and gas sub-segment in the medium voltage drives market is expected to reach a significant valuation by the end of 2032 due to increased investments to boost the development of upstream, midstream, and downstream hydrocarbon activities.
The three major market territories, Asia Pacific, North America, and Europe, are expected to reach USD 1.5 billion by 2028. Growing investment in energy-efficient infrastructure fueled by rapid development in key regions will supplement the demand for MV drive units.
The demand for high-tech MVDs in various industrial applications such as lifting, oil and gas exploration, mining, and construction will drive medium voltage drives market adoption.
Germany’s medium voltage drives market is expected to undergo a dramatic turnaround due to rising energy consumption, which is a major factor driving the medium voltage drives market landscape across the country.

Competitive Landscape

GE, Siemens, Danfoss, Nidec Corporation, ABB, Schneider Electric, Eaton, Yaskawa Electric Corporation, Fuji Electric Co., Ltd., Johnson Controls, Rockwell Automation, Inc., WEG, Hitachi Ltd., and CG Power and Industrial Solutions Limited are among the medium voltage drives market key players.

Major players in the medium voltage drives market around the world are focusing on M&As and strategic collaborations to gain a competitive advantage over their competitors. In addition, manufacturers are also focusing on lowering product costs and achieving forward, and backward integration across the industry ecosystem, helping to shape the medium voltage drives market landscape.

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Recent Developments:

Rockwell Automation, Inc., a U.S.-based industrial automation company, will launch its novel servo drive, the Allen-Bradley Kinetix 5300 servo drive, in November 2020. The Allen-Bradley Kinetix 5300 servo drive is intended for small and medium-sized machines in industries such as packaging, electronics assembly, converting, printing, and web (CPW).
Danfoss introduced the new VACON 1000 medium-voltage drive on September 23, 2021, as a compact solution to its portfolio of modular, versatile medium voltage drives.
ABB expanded its all-compatible drive offerings on April 16, 2019, to include the ACS6080 medium voltage (MV) drive for critical applications. The new drive introduced a new control technology that enables high-performance motor control in demanding processes used in mining, metals, and marine industries.

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Summary of Statistics

1.3. Key Market Characteristics & Attributes

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage

2.2. Market Definition

3. Market Risks and Trends Assessment

4. Market Background

continued…!

About FMI

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Micro Inverter Market Outlook Pricing Strategy, Industry Latest News, Top Company Analysis, Research Report Analysis and Share by Forecast 2029

With an estimated CAGR of 9.6% during the projected period, the micro inverter market share is expected to reach US$ 4.36 Billion by 2032 from US$ 1.55 Bn in 2021, finds a recent report published by FMI. Furthermore, the study finds that the rising demand for solar micro inverters technology proportionately reflects the adoption of micro inverters in emerging nations.

Attribute	Details
Micro Inverter Market Estimated Size in 2021	US$ 1.59 Bn
Micro Inverter Market Size (2028)	US$ 3 Bn
Micro Inverter Market Projected Size in Market Size (2032)	US$ 4.36 Bn
Micro Inverter Market Value-based CAGR (2022-2032)	9.6%

Micro-inverters provide several technological benefits over other types of solar micro inverter, such as string and central, unlike conventional inverters, which are installed separately from the solar array. These micro-grid-tie inverters are capable of operating and monitoring multiple solar panels simultaneously. In addition, micro inverters are installed beneath each solar panel and regular power flow even when one or more of their panels are shaded; this has improved micro inverter appeal among end-users.

As a result, micro inverters are frequently used in conjunction with solar panels. COVID-19 has influenced not just the business sector but also the entire economy. Economic activity is projected to continue to decline due to a growing number of nations implementing and prolonging lockdowns, which will have a negative influence on the global economy.

Additionally, COVID-19 is likely to negatively influence the micro-inverter industry because of the drop in demand for electricity from commercial applications. Power generation has been curtailed in nations affected by COVID-19 due to lockdowns. This is because business end-user demand for electricity has decreased in these nations.

While home power demand has grown due to lockdowns, business and industrial end-users continue to consume the majority of electricity. In addition, due to the ongoing epidemic, some solar facilities in these nations have suspended energy production, which is projected to diminish the demand for micro inverters over the next several years.

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“The major firms are focused on sustaining product quality to considerably grow their competitive market share. Significant players in North America, APAC, and Europe are focusing their efforts on reducing hazardous emissions through product development. Globally, major micro inverter manufacturers are increasingly pursuing strategic collaborations, joint ventures, acquisitions, and partnerships to maintain a competitive edge in the market.”—opines an FMI analyst.

Key Takeaways:

Microinverter systems are mostly used in homes and businesses. Although end users lack the competence to put microinverters into solar panels, system integrators or third-party suppliers are usually hired.
The indirect sales channel segment is likely to dominate the micro inverter market. Residential application is predicted to increase at the fastest rate. Increasing energy costs and supporting government regulations globally have led to increased energy-saving solutions for residential applications.
The APAC solar micro inverters market is growing due to rising demand from key nations, including Japan, Australia, India, and China. In addition, emerging markets like China and India dominate APAC. Increasing commercial solar PV systems for industrial, residential, and other applications is pushing the APAC micro inverter market.

Competitive Landscape

Micro inverter players have strengthened their offers in the market through various organic and inorganic growth tactics, including product development, partnerships, agreements, and collaborations.

Among the key players are Enphase Energy (the United States), Altenergy Power System (the United States), Darfon Electronics (Taiwan), ReneSola (China), AEconversion (Germany), and Silicon Power (the United States). The research offers a comprehensive competition analysis of these micro inverter market leaders, including their company profiles, recent developments, and important market strategies.

Enphase Energy announced a partnership with Excel Power of Australia in June 2020. Excel Power built a 50 kW Enphase micro inverter system for Wippells Autos, a Jaguar and Land Rover dealership in Toowoomba City, Queensland, as part of this agreement (Australia).
Enphase Energy partnered with Teslandi.pro of the Netherlands on a commercial initiative in January 2020. Island. pro’s commercial solar division was picked by E-Unit, a sustainable building developer, to install a 780 kW solar energy system on its new 42-unit building in Arnhem (Netherlands). This commercial solar installation has 2,600 Enphase IQ 7+ micro inverters.
Envertech launched EnverView 2.0, an improved version of their smart monitoring program, in February 2019 for both the iOS App Store and the Android Play Store. This new version includes increased operating capabilities and user interfaces over the previous version.

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Key Segments

By Phase:

Single Phase
Three Phase

By Connectivity:

Standalone
On-grid

By Application:

Residential
Commercial

By Region:

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

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Summary of Statistics

1.3. Key Market Characteristics & Attributes

1.4. FMI Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Risks and Trends Assessment

3.1. Risk Assessment

3.2. Key Trends Impacting the Market

3.3. Formulation and Product Development Trends

4. Market Background and Foundation Data Points

continued…!

About FMI

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Green Ammonia Market 2022 Outlook, Current and Future Industry Landscape Analysis 2032

According to a recent green ammonia market report by Future Market Insights (FMI), the green ammonia market is anticipated to advance at a phenomenal rate of 90% over the forecast period 2022-2032. At the regional level, the green ammonia market share has a small number of manufacturers.

The study on green ammonia market finds that the solar and wind energy have advanced at a higher pace than other renewable energy, thanks to rising investment and reduced power generation costs. The switch to renewables, productivity, and automation, and per the Global Renewables Outlook 2020, will drive socioeconomic development. As a consequence, rising green ammonia production and underlying storage requirements will push the green ammonia market forward.

The capital-intensive nature of green ammonia plants is a major hindrance to the market’s advancement. General ammonia manufacturers will not be able to move from traditional ammonia production to green ammonia production unless the cost of renewable energy and electrolyzers drops further, hampering green ammonia market growth.

The marine industry is undergoing a major transformation. The maritime industry is under pressure to reduce emissions by switching to cleaner energy sources, which is likely to be a pathway for green ammonia producers to capture more revenue.

The green ammonia market is segmented on the basis of technology into alkaline water electrolysis, proton exchange membrane, and solid oxide electrolysis. Amongst these green ammonia technology segments, the solid oxide electrolysis segment is anticipated to hold the largest market revenue of USD 496.38 Mn by the end of 2028, up from USD 7.89 Mn in 2019.

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The main problem with the adoption of green ammonia is a lack of awareness among chemical manufacturers. For the green ammonia production process, the largest chemical companies in China, Japan, and Russia continue to use natural gas steam methanation technology. With increased knowledge of electrolysis technology and lower costs of renewable energy generation, the market for green ammonia is likely to rise throughout the forecast period.

“The secret to meeting the dual concerns of growth and environment-friendliness of the twenty-first century is green ammonia. By switching to renewable electricity to make ammonia, CO2 emission of about 40 million tonnes of CO2 can be curbed in Europe alone and over 360 million tonnes worldwide. As a result, the green ammonia market prospect is high and lucrative.”, says FMI analyst.

KEY TAKEWAYS:

By the end of 2028, the European green ammonia market is expected to have the largest market share and generate revenue of US$ 558.03 million, up from US$ 7.49 million in 2019, thanks to an estimated CAGR of 65.37% over the forecast period.
The Netherlands is likely to have the largest market revenue of US$ 227.12 million in 2028, while Germany’s market is expected to grow at the fastest rate of 86.35% over the forecast period.
In 2028, Asia Pacific is expected to hold the second-largest market share, with revenue potential of US$ 190.69 million.
As per the green ammonia market trends during the forecast period, the alkaline water electrolysis segment in the Netherlands is expected to grow at the highest rate of 57.2%.
In Europe, the solid oxide electrolysis segment is expected to generate the most revenue in 2028, with US$ 323.67 million, up from US$ 4.51 million in 2019.

Competitive Landscape:

Several globally established green ammonia companies, including Siemens (Germany), NEL Hydrogen (Norway), ThyssenKrupp (Germany), ITM Power (UK), and McPhy Energy (France), lead the green ammonia market.

MAN Energy Solutions, a mechanical engineering firm, announced plans to build an ammonia-fueled two-stroke engine for the marine industry in late 2019, and is in talks with Siemens for green ammonia supply.
Equinor ASA, Norway’s state-owned oil firm, inked a deal with Eidesvik Offshore in January 2020 to modify its Viking Energy supply vessel so that it may travel long distances using carbon-free renewable ammonia.

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MISC Berhad of Malaysia, Samsung Heavy Industries of South Korea, Lloyd’s Register of the United Kingdom, and MAN Energy Solutions of Germany announced a project to build an ammonia-fueled tanker in the next three to four years in January 2020.

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Summary of Statistics

1.3. Key Market Characteristics & Attributes

1.4. FMI Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Risks and Trends Assessment

4. Market Background and Foundation Data Points

continued…!

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Oil and Gas Hose Assemblies Market Strategic Analysis, Growth Drivers, Industry Trends, Demand and Future Opportunities Till 2030

As per Future Marketing Insights (FMI), the global oil and gas hose assemblies market is anticipated to expand at a CAGR of 4.3% during 2020-2030. The market is mainly fueled by growing investments in oil & gas projects. The surge in demand for high-pressure hose assemblies all over varied industries such as chemical, agriculture, oil & gas, and others is further boosting the market growth.

Oil and gas hose is an important product used in a variety of industries due to its application in processes such as exploration, well development, production and site abandonment. It integrates upstream, midstream and downstream applications for the successful transfer of materials from the area of production to the place of consumption.

COVID-19 Impact on the Market

The COVID-19 outbreak has negatively impacted several different sectors, comprising the oil & gas hose assemblies market. The lockdown has led to closures of manufacturing plants, limiting sales in the market. The market is anticipated to incur a -7.2% decline in valuation during 2020. However, as per the market analysis, the market will recover from 2021 onwards, and then growing at a sturdy pace towards 2030 end.

“Market players are focusing on researches to enhance the overall performance of the oil & gas hose. Players are stressing on ascertaining better cost-efficiency to attain a competitive advantage. The market is thus foreseeing several launches, which will augur well in the approaching years.” comments the FMI analyst.

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Competitive Landscape

Major companies operating in the global market include Eaton Corporation Plc, Gates Corporation, Continental AG, ERIKS North America, Inc. Trelleborg AB, ParkerHannifin Corporation, ALFA GOMMA Spa, Manuli Hydraulics, and Kuriyama Holdings Corporation.

Oil and Gas Hose Assemblies Market – Key Highlights

North America accounts for the majority of market share as a result of the presence of leading players and growing investments in the oil & gas ventures.
Midstream application type to foresee a surge in demand during the forecast period.
High-pressure intake category is anticipated to expand at a notable CAGR during 2020-2030.
Polymers and composites remain majorly preferred among other material types.
Dock and hose assemblies to remain key beneficiary among other product category.

Oil and Gas Hose Assemblies Market – Drivers

Growing demand for downstream applications to spur overall market growth.
Increasing innovations in raw materials of hoes providing lucrative prospects throughout the forecast period.
Novel subsea technologies are the foremost contributor to the expansion of the market.

Oil and Gas Hose Assemblies Market – Restraints

Lack of skilled workers with the technical proficiency of oil & gas hoses is the key challenge for the market.
Less focus of manufacturers on technological advancements and the accessibility of few manufacturing raw materials are limiting growth.

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Table Of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

4. Key Success Factors

4.1. Product Adoption / Usage Analysis

4.2. Product USPs / Features

5. Global Oil and Gas Hose Assemblies Market Demand Analysis 2015-2019 and Forecast, 2020-2030

5.1. Historical Market Volume (‘000 Units) Analysis, 2015-2019

5.2. Current and Future Market Volume (‘000 Units) Projections, 2020-2030

5.3. Y-o-Y Growth Trend Analysis

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Solar Pumps Market by Global Demand, Trends, Applications, Sales, Industry Size and Forecast to 2029

FMI has released a new market research study on the solar pumps market that includes global industry analysis 2014–2018 and opportunity assessment 2019–2029. The report investigates the solar pumps market and provides critical insights for the forecast period of 2019-2029. As per the study, the solar pumps market is projected to experience generous growth throughout the forecast period due to several governmental policies and regulations, and increasing dependency on renewable source of energy.

The solar pumps market size in 2019 is estimated to be valued at ~US$ 1 Bn.
The solar pumps market is estimated to grow at a CAGR of ~12% during the forecast period of 2019-2029.

The solar pumps market is likely to cross the one billion mark in 2019, and grow notably at a CAGR of ~12% during the forecast period of 2019-2029. This growth is significantly driven by significant reduction in prices of solar pumps, solar panels, and power systems, along with the cost-effective installation process.

Solar Pumps Market: Vendor Insights

The report highpoints some of the prominent market players, who have established themselves as global leaders in the solar pumps market. Few examples of key players in the market are KSB SE & Co. KGaA, Kirloskar Brothers Limited, Grundfos, Franklin Electric, BW Solar (Waterboy), Shakti Pumps (India) Ltd., Stanley Black & Decker, Inc., Glynncorp Electrical, and Bernt Lorentz GmbH & Co. KG, among others.The global solar pumps market is significantly prominent, by some players holding prominent shares of the market. Tier-1 players are focusing on mergers, acquisitions, and joint ventures with local market players and deploying advanced 4HP and 4HP-6HP solar pumps to achieve positive traction and healthy competitive edge over its competitors.

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South Asia to Offer New Lucrative Opportunities

South Asia is expected to show substantial upsurge in the solar pumps market owing to the high operating costs of diesel motors and non-reliable energy distribution in countries, such as India, Thailand, and Malaysia. The region accounts for a maximum number of villages, which are deprived of electricity and lag access to the grid electricity. India is expected to witness substantial growth in the solar pumps market, owing to the cost-effectiveness and operational efficiency of solar pumps. Moreover, solar pumps reduce irrigation and electrification costs. ASEAN countries are projected to hold a significant share in the solar pumps market, on the account of increasing focus on low carbon emission in these countries. Rapid inclination of aforementioned countries towards installations of solar pumps is creating further opportunities for the market players.

Supportive Governmental Policies Propelling the Market Growth

The global solar pumps market has been segmented based on the product, capacity, applications, and regions, such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East & Africa.

Government authorities and NGOs associated with the promotion of renewable energy have succeeded to offer greater support to solar pump buyers through banking and financial institutions to offset the market restraints of high capital cost.The organizations involved, are taking collective measures to facilitate the flow of funds into solar projects, aggregate the demand within countries, standardize asset-structuring across countries, and establish an ecosystem of financial instruments to mitigate some of the investment risks. Adding to this, the funds for research & development (R&D) are also rising, which will help commercialize models and make them available for larger public use. As a result, the solar pumps market is expected to grow notably during the forecast period.
The solar water pumps market in India and other developing countries is primarily driven by both national and state-level government schemes addressing irrigation and rural drinking water requirements.The government offers subsidy schemes to help individuals and organizations procure these solar energy systems at reduced capital cost, which is a major driver for the marker as the cost of installing solar pumps is relatively very high when compared to the capital required for installing conventional pumps. This, in turn, is expected to drive the solar pumps market during the forecast period.
Governments worldwide are actively encouraging the usage of solar pumps to replace diesel and electricity-based pumps to move away from non-renewable energy sources and reduce the carbon footprint, ultimately promoting climate change. Developing countries, such as India, China, Bangladesh, and Australia are expected to emerge as game changers owing to their emission pattern. This factor might lead to a positive impact on the solar pumps market growth.

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Market Segmentation

By Capacity

Below 4 HP
4-6 HP
6-8 HP
Above 8 HP

By Product Type

Submersible
AC
DC
Surface
AC
DC

By Application

Farming
Irrigation
Livestock
Aquaculture
Residential
Building
Drinking
Commercial
Swimming Pool
Pond Management
National Parks
Industry Water Treatment

By Region

North America
Latin America
Europe
South Asia
East Asia
Oceania
MEA

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Intelligent Pigging Services Market Top Scenario, SWOT Analysis, Business Overview, Forecast to 2029

The latest market research study by Future Market Insights on intelligent pigging services includes the global industry analysis and opportunity assessment for 2029. The study observes the intelligent pigging services market and offers thorough insights for the forecast period of 2029. According to the analysis and study done in the report, the global intelligent pigging services market is anticipated to observe prominent progress, due to high advancements in the inspection technologies.

The intelligent pigging services market was valued at ~US$ 537 Mn in 2018 and is anticipated to expand at a CAGR of ~6% during the forecast period of 2029.

The intelligent pigging services market has high potential to develop in regions such as North America, Eastern Europe, and the Middle East and Africa. North America and Western Europe have stringent pipeline safety regulations to protect the environment and avoid the business discontinuity, thereby potentially raising the demand for intelligent pigging services.

Most of the regulatory authorities across the globe lay emphasis on the regular maintenance and inspection of the oil and gas pipelines. This is due to the fact that regular supply is the key to ensure stable economic growth. The original equipment manufacturers (OEMs) and vendors are constantly investing in research and development to improve the pipeline and maintenance procedures. The advanced intelligent pigging technologies enable efficient diagnosis of flaws in the pipeline such as deformation and multi data to locate dents, corrosion and seam defects, which are being used by pipeline operators. Rapid industrialization across the globe is driving the consumption of petroleum, which will simultaneously drive the demand for intelligent pigging services.

Implementation of in-line pigging services based on MFL, UT, and EMAT technologies requires substantial capital investment, which hampers the adoption especially in developing economies such as India and ASEAN countries. According to the FMI analysis, the average pricing of intelligent pigging technologies such as MFL and UT is anticipated to increase by approximately 5%–7% on y-o-y basis over the next 10 years. Due to this high costs involved in the intelligent pigging services, various pipeline operators opt for different alternatives, which are cost-effective as compared to smart or intelligent pigging services. This is inhibiting the growth of the intelligent pigging services market globally to some extent.

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North America Region to Offer Significant Growth Opportunities for Market Players

With growing technological progression and advancements in the electronic systems over the years, various original equipment manufacturers offer smaller intelligent pigs as compared to conventionally used pigs, equipped with sophisticated and small size electronic systems. This will increase the profitability of easy maintenance of pipelines with smaller diameter.

For the global intelligent pigging services market, North America is anticipated to be a prominent region throughout the forecast period, owing to the stable growth of petroleum consumption. Increasing adoption of intelligent pigging services in Eastern Europe and the Middle East and Africa along with North America and Latin America are anticipated to provide lucrative growth opportunities for the market players.

Magnetic Flux Leakage Technology Expected to Remain Prominent

The division of the global intelligent pigging services market has been done on the basis of technology and end use along with seven regions.

On the basis of technology, the magnetic flux leakage technology is anticipated to remain prominent in the forthcoming years. Ultrasonic test is also anticipated to project relatively high growth over the forecast period.
The ultrasonic test technology has noteworthy benefits where a transducer emits an ultrasonic sound that travels in the pipeline wall. The thickness of the wall is determined by calculating the time consumed for an echo of the ultrasonic sound to return to the sensors. Pigs, which are based on UT technology, require a liquid medium in order to travel through the pipeline.

Intelligent Pigging Services Market: Vendor Insights

The global intelligent pigging services report highlights on some of the major industry players in the global market. Some of the examples of key players in the market are T.D. Williamson, Inc., LIN SCAN, GE Oil and Gas (PII Pipeline Solutions), Baker Hughes Incorporated, Enduro Pipeline Services Inc., NDT Global, OMV Group, Petrobras, Royal Dutch Shell PLC,and ConocoPhillips,among others.

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Intelligent Pigging Services Market: Segmentation

Technology

Magnetic Flux Leakage
Ultrasonic Test

End Use

Region

North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
Middle East and Africa

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Analysis and Recommendations

2. Market Overview

2.1. Market Taxonomy

2.2. Market Definition

2.3. Historical Market Value (US$ Mn) Analysis, 2014-2018

2.4. Current and Future Market Value (US$ Mn) Projections, 2019-2029

3. Market Background

3.1. Macro-Economic Factors

3.2. Forecast Factors – Relevance & Impact

3.3. Value Chain

3.4. Market Dynamics

4. Global Intelligent Pigging Services Market Analysis 2014-2018 and Forecast 2019-2029, By Technology

continued…!

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T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/intelligent-pigging-market
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The market for AI-enabled testing tools is anticipated to grow at a stellar 16.9% CAGR between 2022 and 2030

The latest analysis from Future Market Insights (FMI) projects that through 2030, the global market for AI-enabled testing tools will increase at a CAGR of over 13%.

AI-Enabled Testing Tools Market Size (2022)	US$ 364.5 Mn
Sales Forecast (2030)	US$ 1.27 Bn
Global Market Growth Rate (2022 to 2030)	16.9% CAGR
Share of Top 5 Players	50%

In a drive to gain actionable insights, improve customer experience (CX), improve operations, and increase revenue with higher-quality products and services, telecom companies are utilising the promise of AI to handle and analyse enormous volumes of big data.

A growing number of communication service providers (CSP) are releasing the power of AI-enabled maintenance and testing solutions in the telecom industry in light of FMI’s prediction that 20.4 billion connected devices would be in use globally by 2020.

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AI-enabled Testing Tools Market: Key Takeaways

Deployment of AI-enabled testing tools will rise at about 13% CAGR during 2020-2030
Adoption of machine learning and pattern recognition for deploying AI-enabled testing tools to remain prominent
North America will remain epicenter of value-capture opportunities, given strong presence of technology pioneers
Market players to focus on R&D as well as deployment of ML-based multiple agent archetype

COVID-19 Impact on AI-enabled Testing Tools Market

With work from home (WFH) becoming the new normal amid the COIVD-19 pandemic, deployment of enterprise-level information and communication technology (ICT) is climbing.

Telecom operators are subsequently banking on remotely operable solutions and automation enhancement tools in a bid to assure optimal functioning and counter lag in productivity. This, is turn, is fueling adoption of AI-enabled testing tools, particularly in North America, Europe, and Asia Pacific (APAC).

AI will help telecom industry reimagine customer relationships by recognizing contextualized requirements and interacting with customers via hyper-customized one-to-one contacts.

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AI-enabled Testing Tools Market – Competitive Intelligence

Strategic collaborations and acquisitions have become key priority for established as well as emerging players in AI-enabled testing tools market. These firms are increasingly investing in R&D activities along with their peers to stay ahead of curve. For instance,

Perforce Software – enterprise-level development lifecycle software solution provider – has taken over TestCraft Technologies Ltd. in a bid to expand its portfolio with AI-integrated codeless testing solution of the latter that performs autonomous codeless tests and curbs maintenance needs.
Appvance.ai – provider of AI-driven testing tools – has entered into collaboration with Innominds – software engineering service provider – with an aim to develop and deploy AI-enabled maintenance and testing tools in telecommunications industry.

AI-Enabled Testing Tools Industry Survey

AI-Enabled Testing Tools Market by Solution:

AI-based Tools
Services

AI-Enabled Testing Tools Market by Technology:

Machine Learning and Pattern Recognition
Natural Language Processing (NLP)
Computer Vision and Image Processing

AI-Enabled Testing Tools Market by Application:

Agility and Coverage
Quality and User Experience (UX)
Efficiency and Time-to-Market

AI-Enabled Testing Tools Market by Region:

North America AI-Enabled Testing Tools Market
Latin America AI-Enabled Testing Tools Market
Europe AI-Enabled Testing Tools Market
East Asia AI-Enabled Testing Tools Market
South Asia & Pacific AI-Enabled Testing Tools Market
Middle East & Africa (MEA) AI-Enabled Testing Tools Market

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About FMI

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Report: https://www.futuremarketinsights.com/reports/ai-enabled-testing-tools-market
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