Market Research Blog

As per the latest market study by Future Market Insights (FMI), the global self-testing market  is projected to record a CAGR of 5.6% amid the forecast period, 2022-2030.

Self-testing Market Size (2022)	US$ 7.49 Bn
Revenue Forecast (2030)	US$ 11.55 Bn
Global Market Growth Rate (2022-2030)	5.6% CAGR
Dominant Sample Type	Urine (45.1%)

Consumers are swiftly adapting to buy self-testing kits due to early detection of severe allergies or diseases with the assistance of STI/STD self-tests, cancer-tests, and intolerance self-tests. Pharmacies are receiving a positive response online against the conventional approach of buying them from retail pharmacy stores subsequent to seeking medical advice. Market players are formulating these testing kits together with a range of wellness and prevention strategies, scoping from chronic disorder management and acute infection diagnoses to detecting probable risks of diseases.

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Moreover, the COVID-19 outbreak and successive ripple effects have obliged retailers to shut down their stores, impacting the profit margins of self-testing kit producers. With brick-&-mortar stores closing down temporarily, players are placing their bets on e-commerce/online platforms to endure pandemic shockwaves.

“Easy accessibility of product via online pharmacies or retail pharmacies is promising the producers to enter into an agreement with distribution and supply chain networks to enter untapped markets and establish a global footprint,” opines FMI analyst.

Self -Testing Market – Major Takeaways

• The global self testing market is forecasted to reach a valuation of US$ 11 Bn by 2030.
• By product, digital monitoring instruments will continue to be the preferred product category as they help care for ailments ranging from chronic to recovery conditions from acute episodes by gathering important patient data at-home settings.
• Based on the application, around 8 out of 10 users opt for utilizing these kits for testing blood glucose.
• Among distribution channels, the retail pharmacies will remain dominant attaining revenue close to US$ 3.5 Bn, by 2030.

Self -Testing Market – Key Drivers

• Demand for reliable and easy self-testing devices and kits has escalated owing to the fast generation of results along with maintaining the privacy.
• Easy accessibility and advertising schemes are influencing the self-testing market growth, optimistically.
• Growing awareness concerning healthcare and related ailments along with non-profit organizations and government’s encouragement complements the market growth.

Self -Testing Market – Regional Analysis

• North America remains the biggest market for self-testing kits, worldwide, trailed by Europe, due to mature healthcare infrastructure and favorable government policies.
• The European region is anticipated to be the second most lucrative region owing to the increasing occurrence of diabetics and the growing adoption rate.
• East Asia self-testing kits market is foreseeing huge demand, soaring investments in healthcare infrastructure up-gradation in addition to increasing trend of home diagnosis.

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Self -Testing Market – Competitive Landscape

Market players extend to reap notable revenues from retail pharmacies. Conversely, they are additionally delving into new revenue streams in supermarkets/hypermarkets and online pharmacies. Prominent players operating in the global self-testing market include ARKRAY Inc., ACON Laboratories Inc., Becton, Dickinson & Company, Assure Tech (Hangzhou) Co. Ltd., Roche Holding AG, Bionime Corporation, True Diagnostics Inc., and Quidel Corporation.

Self- Testing Market – Taxonomy

Product

• Digital Monitoring Instruments
• Midstreams
• Cassettes
• Cups
• Strips
• Test Panels
• Dip Cards
• Others

Application

• Pregnancy & Fertility Testing
• Blood Glucose Testing
• STD/ STI Testing
• Cancer Testing
• Cholesterol Testing
• Drug of Abuse Testing
• Thyroid Testing
• HIV Testing
• Others

Sample

• Blood
• Urine
• Stool
• Saliva
• Semen
• Vaginal Swab

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Distribution Channel

• Drug Stores
• Retail Pharmacies
• Supermarket/Hypermarket
• Online Pharmacies

Regional Outlook:

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

Get Valuable Insights into the Self Testing Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global self testing market, presenting historical demand data and forecast statistics for the period from 2020-2030. The study divulges compelling insights on the self testing market, allowing readers to glean qualitative and quantitative information which will enable them to make informed market decisions in the upcoming forecast period.

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 8-years.

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The China Spinal Fusion Market is expected to register a double digit growth holding the fact that there is an increasing number of surgeries due to advancement in the technologies and use of minimal invasive techniques that benefits reduced cost. The procedures are highly benefited with the investment in the new technologies and their clinical success which are gaining more and more importance in the recent days and causing the China spinal fusion market to grow.

There are several huge aspects impacting medical device technology field nowadays. A number of trends including consolidation, research and developments, and international strategies and alliances are driving the market for china spinal fusion market. The spinal fusion is one of the most common surgeries suggested for back problems. With the increasing spinal fusion surgery volumes in china due to the favorable reimbursement levels and patients’ willingness to undergo surgery with minimal invasive techniques is expected to foster the china spinal fusion market. Spinal fusion is surgical process are done to the patients suffering from a number of conditions such as deformity, scoliosis, disc disease and fracture.

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The emerging China spinal fusion market has been experiencing a phase of new product development and technological advancements due to greater demand. The manufacturing companies are raising their respective market share with aggressive marketing activities and increased R&D activities.

China Spinal Fusion Market : Drivers & Restraints

Some of the major factors subsidizing the growth of China spinal fusion market are increasing rate of aging population with spine related diseases & related injuries coupled with the rising incomes of the Chinese populace ensuring the patients’ capability to pay for the treatment. On the other hand the price sensitive population of china is very responsive to the treatment price that are anticipated to drip considerably in near future due to the increasing competition in the market.

Due to existing and upcoming advance technologies such as minimal invasive surgery and better implant materials are making it more widely accepted including the younger adult populace and thereby increasing the China spinal fusion market.

The economic growth and additional initiatives taken by the Chinese government had resulted in treatment of a large number of previously untreated spinal disease patients in China’s rural populace who are now undergoing minimally invasive spine surgery due to increased access.

Despite of being widely used procedure for curing extremely debilitating disease related to spine, and spinal deformities, such as scoliosis and kyphosis, the China spinal fusion market is facing some challenges such as reimbursement cuts and heavy government regulations, high surgery cost, risk factors involved in the surgery etc.

Due to high competition in the market, prices for bone graft substitutes and spinal implants are expected to come down in the Asia Pacific market, even when demand and expenditure on them has become greater than before, thus restraining the China spinal fusion market from growing. Some of the other growth restraining factors of the China spinal infusion market can be growing awareness for some other treatment methods such as IDET, artificial disc, posterior dynamic stabilization, disc regeneration.

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China Spinal Fusion Market: Key Players

• Trauson,
• Depuy Synthes Companies,
• Biomet, Inc.,
• Medtronic, Inc,
• Nuvasive Inc,
• Stryker Corporation,
• Zimmer Holding, Inc.,
• Orthofix International N.V,
• B. Braun Aesculap
• Weigao Orthopaedic Device Co., Ltd.

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.

The report covers exhaustive analysis on:

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

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.

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China Spinal Fusion Market: Segmentation

By spine fusion device types is segmented as follows:

• Spinal Plating Systems
• Pedicle Screw Systems
• Interbody Cages

By procedure, the china spinal fusion market is segmented as follows:

• Posterior Lumbar Interbody Fusion (PLIF)
• Anterior Lumbar Interbody Fusion (ALIF)
• Anterior/Posterior Spinal Fusion
• Transforaminal Lumbar Interbody Fusion (TLIF)
• Extreme Lateral Interbody Fusion (XLIF)

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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The global I2C bus market is expected to be worth $7.57 billion in 2022, rising to $12.44 billion by 2032. During the forecast period of 2022-2032, the market is expected to grow at a CAGR of 5.1%. One of the factors driving the I2C Bus market is the rapid growth of industries such as telecommunications, consumer electronics, and industrial electronics, which has resulted in the widespread acceptance of these buses.

A protocol has an important part to play in the embedded system design and without the protocol for increasing the peripheral features of microcontroller the power consumption and complexity in the design is seen to be increased.

There has been the advent of many protocols for the transferring of data between two systems one of them is the I2C bus protocol and the bus used is the I2C bus. An I2C bus is a bidirectional two-wired serial bus which is used to transport the data between integrated circuits.

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I2C Bus Market: Drivers and Challenges 

There are many factors driving the market for I2C Bus, from which one of the major factor is that the industries like consumer electronics, telecommunications and industrial electronics is growing at a good rate which is leading to the adoption of these I2C bus market globally.

As there are many similarities between seemingly unrelated designs like some intelligent control, usually a single-chip microcontroller, to derive benefits from the similarities I2C bus are used. This acts as a driver for the I2C bus market and is leading to its growth.

Other drivers for the I2C bus are more on the performance and feature side. Some of them are like the simple 2-wire serial I2C-bus helps in minimizing the interconnections so ICs can have fewer pins and also do not have many PCB tracks.

The process which is followed results in smaller design and less expensive PCBs. The I2C bus also leads to be less expensive as it eliminates the need for an address decoders and other glue logic with the use of completely integrated I2C-bus protocol.

Some of the restraint for I2C Bus market have been related to the features regarding its structure. IE2C bus increases the complexity of firmware or low-level hardware. This in hand need the skilled professional for the design and repairs. This acts as a restraint for the market and also leads to slow growth of I2C bus market. The other restraint for the market has been the its function where it imposes protocol overhead which reduces its throughput.

I2C Bus Market: Key Players 

Some of the key players of I2C Bus market are: NXP Semiconductors, and Texas Instruments Incorporated, and some of the potential manufacturers which are likely to enter the I2C Bus market are Soliton Technologies, Maxim Integrated Products, Inc., among others.

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I2C Bus Market: Regional Overview 

On the basis of geography, I2C Bus market can be segmented into North America, Latin America, Western Europe, Eastern Europe, China, SEA and other APAC, Japan, and Middle East & Africa. Among various regions, North America I2C Bus market is seen to be leading in terms of value with U.S. I2C Bus market being the most attractive.

Also, the I2C Bus market in Japan and Western Europe is expected to be growing at the fastest rates due to the presence of tier-1 manufacturers in the region and increase in the number of consumer electronics buyers in which I2C Bus are used. I2C Bus market in North America and Western Europe is expected to be followed by China and Japan I2C Bus market.

The report covers exhaustive analysis on 

• I2C Bus Market Segments
• I2C Bus Market Dynamics
• Historical Actual Market Size, 2013 – 2017
• I2C Bus Market Size & Forecast 2018 To 2028
• Supply & Demand Value Chain
• I2C Bus Market Current Trends/Issues/Challenges
• Competition & Companies involved
• I2C Bus Market Value Chain
• I2C Bus Market Drivers and Restraints

Regional analysis for I2C Bus Market includes 

• North America Market
• Western Europe Market
• Eastern Europe Market
• SEA and other APAC
• Japan
• China
• Middle East and Africa Market

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I2C Bus Market: Segmentation 

The I2C Bus market can be segmented into various segments but as per the market analysis the market for I2C Bus is most suitably segmented by mode, type, application, end-user, and region.

On the basis of mode the I2C Bus market can be divided into; 

• Standard-mode (bit rate up to 100 kbit/s)
• Fast-mode (bit rate up to 400 kbit/s)
• Fast-mode Plus (bit rate up to 1 Mbit/s)
• Fast-mode Plus (bit rate up to 1 Mbit/s)
• High-speed mode (bit rate up to 3.4 Mbit/s)
• Ultra-Fast-mode (bit rate up to 5 Mbit/s)

On the basis of type the I2C Bus market can be divided into; 

• Bidirectional bus
• Unidirectional bus

On the basis of application the I2C Bus market can be divided into; 

• System Management Bus (SMBus)
• Power Management Bus (PMBus)
• Intelligent Platform Management Interface (IPMI)
• Display Data Channel (DDC)
• Advanced Telecom Computing Architecture (ATCA)

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[240 Pages Report] In 2021, the global Magnetic Resonance Imaging (MRI) Contrast Agents Market was worth US $ 871.0 Mn. The market is expected to grow 1.3X between 2022 and 2029. By the end of 2029, the industry will have generated $1.23 billion in sales.

Magnetic Resonance Imaging (MRI) Contrast Agents Market Analysis 2019-2029

A recent market study published by Future Market Insights (FMI) on the magnetic resonance imaging (MRI) contrast agents market offers global industry analysis for 2014-2018 and opportunity assessment for 2019-2029. The report consists of a comprehensive assessment of the most important market dynamics. On conducting thorough research on the historical as well as current growth parameters of the magnetic resonance imaging contrast agents market, growth prospects of the market are obtained with maximum precision.

Data Points	Market Insights
Market Value 2022	U.S. $ 910.9 Mn
Market Value 2029	U.S. $ 1.23 Bn
CAGR 2022-2029	4.4%
Share of top 5 countries	60.8%

The report features unique and salient factors that may make a huge impact on the development of the magnetic resonance imaging contrast agents market during the forecast period. It can help market players modify their manufacturing and marketing strategies to envisage maximum growth in the MRI contrast agents market in the coming years. The report provides detailed information about the current and future growth prospects of the magnetic resonance imaging contrast agents market in the most comprehensive way for better understanding of readers.

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Magnetic Resonance Imaging (MRI) Contrast Agents Market : Segmentation

FMI’s study on the magnetic resonance imaging contrast agents market offers information divided into three important segments— product type, end user, and region. This report offers comprehensive data and information about the important market dynamics and growth parameters associated with these categories.

By Product

• Paramagnetic Contrast Agents
  • Extracellular Fluid (ECF) Agents
  • Blood Pool Contrast Agents (BPCAs)
  • Organ-specific Agents
• Superparamagnetic Contrast Agent

End User

• Hospitals
• Ambulatory Surgical Centers
• Diagnostic Centers

Region

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• MEA

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Chapter 1 – Executive Summary

The report commences with the executive summary of the MRI contrast agents market report, which includes the summary of key findings and statistics of the market. It also includes the market value (US$ million) estimates of the leading segments of the magnetic resonance imaging contrast agents market, as well as the key trends impacting the market.

Chapter 2 – Market Overview

Readers can find detailed taxonomy, definition of the magnetic resonance imaging contrast agents market, and the key inclusions and exclusions in this chapter, which help readers understand basic information about MRI contrast agents.

Chapter 3 – Key Market Trends

This section highlights the key trends impacting the magnetic resonance imaging contrast agents market, which will help readers understand the current trends and their impact on market growth.

Chapter 4 – Key Success Factors

In this chapter, the reader can get information about the parent market of MRI contrast agents market. Novel use cases, product adoption by region, product USPs, number of scans by country, and how combination imaging modalities will enhance medical imaging.

Chapter 5 – Global Magnetic Resonance Imaging Contrast Agents Market Volume (In Liters) Analysis 2014-2018 and Forecast, 2019-2029

This section explains the current and future market volume (In Liters) projections and the growth trend. Readers can also get knowledge the current installed base of MRI Units, by region/ country and historical market volume (In Liters) of global magnetic resonance imaging (MRI) contrast agents market.

Chapter 6 – Global Magnetic Resonance Imaging Contrast Agents Market – Pricing Analysis

The report covers the pricing analysis of the market on the basis of region and other attributes in this chapter. It will help the reader find comparative analysis of product pricing across different regions of the globe.

Chapter 7 – Global Magnetic Resonance Imaging Contrast Agents Market Value (US$) Analysis 2014-2018 and Forecast, 2019-2029

This section explains the global market value analysis and forecast for the MRI contrast agents market during the forecast period of 2019-2029. Along with the historical market and opportunity analysis of the future. Readers can also find the absolute $ opportunity for the current year (2019), and an incremental $ opportunity for the forecast period (2019–2029).

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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Global DC Power Supply Module demand is expected to be valued at US$ 457 million in 2022, rising at a CAGR of 4.35 percent to US$ 700 million between 2022 and 2032. The rising demand for renovation projects and development in residential and commercial construction is driving growth.

DC power supply modules are isolated, compact drop-in converters that generate a switch-mode constant voltage. DC power supply modules are typically stand-alone components that do not require any additional external circuitry. DC power supply modules feature plug-and-play capabilities that simplify and accelerate product development.

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DC Power Supply Module: Introduction

DC power supply modules are isolated, compact, drop-in converters that provide a switch-mode constant voltage generator. Usually, DC power supply modules act as standalone components and do not require extra external circuitry. DC power supply modules showcase plug-and-play features that simplify and speed up product development. DC power supply modules find applications in areas where compact and small form factor power supply components are required.

However, DC power supply modules are mainly incorporated for industrial control, in metering applications and in industrial appliances. Manufacturers offer DC power supply modules with a wide range of input voltage specifications.

Important changes in market dynamics

The report has been created after detailed and exhaustive studies by the analysts at FMI taking several factors into consideration like monetary, ecological, social, mechanical, and political status of a particular demography. They study the key data to assess the revenue and production of manufacturers across various regions. The report also covers an in-depth analysis of the key changes in market dynamics in the recent past and the near future.

Market Competition

Some of the key participants present in the global demand of the DC Power Supply Module market include Franklin Electric Co., Asmo Co. Ltd., Ametek Inc., Sony Corporation, Bayer AG, Whirlpool Corporation, Toyota, Accurate Electric Motor & Pump Co., American Crane & Equipment Corp., Bruce Electric Equipment Corp, Tesla Motors, Hansen Motors, ATS Automation Tooling Systems, Inc. and other DC Power Supply Module manufacturers., among others

In January 2022, Franklin Electric Co., Inc. announced today that its wholly-owned subsidiary Headwater Companies, LLC acquired Blake Group Holdings, Inc., a Connecticut corporation, for $27.1 million in cash. Blake is a professional groundwater distributor operating in fourteen locations throughout the northeast United States. Blake has approximately $74 million of consolidated annual sales.

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Key Segments Profiled in the DC Power Supply Module Industry Survey

DC Power Supply Module Market by Application:

• DC Power Supply Modules for HVAC Equipment
• DC Power Supply Modules for Aerospace & Transportation
• DC Power Supply Modules for Household Appliances
• DC Power Supply Modules for Industrial Machinery
• DC Power Supply Modules for Motor Vehicles
• DC Power Supply Modules for Other Applications

DC Power Supply Module Market by Region:

• North America DC Power Supply Module Market
• Latin America DC Power Supply Module Market
• Western Europe DC Power Supply Module Market
• Eastern Europe DC Power Supply Module Market
• SEA & Others of APAC DC Power Supply Module Market
• China DC Power Supply Module Market
• Japan DC Power Supply Module Market
• Middle East and Africa DC Power Supply Module Market

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

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The existence of floating power started by the introduction of general electric transportable large power barges during the World War II. Floating power plant is also known as power barges, it is a specially designed ship in which an actual power plant is installed for supplying the power to the required areas in marine sector.

The floating power plant term is used, as the power plant floats with the platform on the water bodies. Usually a floating power plant is an existing ship or a marine vessel on which power plant is installed for the purpose of power generation.

The floating power plants are not self-propelled and a ready power generation unit which can be plugged into the ship’ grids where required. The un-motorized floating power plant ships are known as power barges or barge mounted power plants and they have power plants installed on the deck barge. The floating power plants can be equipped with multiple or single gas turbines, gas & reciprocating diesel engines, nuclear reactors and boiler for the generation of electricity.

The adoption rate or the scope of usage for the floating power plant is anticipated to grow in the coming years owing to factors such as it is mobile and can be moved from one place to another very easily, it’s easier relocate and sell/trade of the floating power plant, it can quickly supply electricity to areas with partial infrastructure, the system is not affected due to earth quakes or floods, it does not require a large site, among others.

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Floating Power Plant Market dynamics:

Floating power plant market is expected to grow over estimated period due to the increase in demand of power generation in the global market. The floating power plants offers many advantages in the market. Firstly, the floating power plant can be built at the shipyard or at a factory, eliminating the requirement for setting up a special site of construction for it.

Also, a lot of cost can be saved for the location analysis which includes cost for studies on the land and its environment. Moreover, the floating power plant has a very low impact on the environment and the issue of dismantling is also eliminated as it can be done in nearest shipyard or a dedicated site.

The ocean environment, nevertheless makes it essential to consider few factors into account, such as the necessity to assure that the radioactive material is on no occasion is leaked to the sea and access for the staff and the equipment.

Some of the factors which are driving the global floating market are the rising demand for power in addition with the lack of power infrastructure, effective generation of power, high efficiency, growing demand for clean energy and advantages over the conventional land power plants.

These factors will propel the demand for floating power plants in the global market over the forecast period. Several countries across the global are open handedly accepting the floating power plants as the above stated advantages makes it the most attractive tool for power generation in the global market.

For instance, the world first floating nuclear power plant is being built by Russia in Saint Petersburg at the Baltiysky Zavod shipyard. The site where the operation is going on is also known as Akademik Lomonosov and it contains two naval reactors (KLT–40C) with a capacity of 35 MW.

They are mounted on a barge that is 30 meters wide and 144 meters long. Operation is previewed for 2017 at the Chukotka district, in Northwestern Russia. Hence the global floating power plant market is anticipated to grow with a prominent CAGR over the forecast period.

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Floating Power Plant: Regional Outlook:

Asia Pacific is estimated to account for the prominent share of floating power plant market due to the increase in production and demand of power generation in countries like China, Japan, ASEAN Countries and India by 2028. Europe and North America Floating Power Plant market is valued to grow due to the safety norms and strict environment control rules in these regions.

The growing population coupled with the increasing disposable income in the Latin America and MEA region is anticipated to be one of the prominent driver for the floating power plant market in the near future. Never ending demand for productive, reliable, cost effective, efficient electric generation systems such as the floating power plant is estimated to propel the floating power plant market over the forthcoming years.

Floating Power Plant: Key Players

• MAN Diesel & Turbo SE
• Mitsubishi Corporation
• Ideol
• Kyocera Corporation
• Principle Power, Inc.
• Upsolar
• Vikram Solar Pvt., Ltd.
• Yingli Solar
• SeaTwirl AB
• Burmeister & Wain Scandinavian Contractor A/S
• Wartsila
• General Electric Company
• Siemens AG
• Caterpillar, Inc.
• Ciel & Terre International
• Floating Power Plant A/S

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 and applications.

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Floating Power Plant Market segmentation:

By Source, Floating Power Plant market can be segmented as:

• Non-renewable
• Gas turbines
• IC engines
• Renewable
• Solar
• Wind

By Capacity, Floating Power Plant market can be segmented as:

• Below 5.0 MW
• 0 MW–20 MW
• 0 MW–100 MW
• 0 MW–250 MW
• Above 250 MW

By Type, Floating Power Plant market can be segmented as:

• Ships
• Barges
• Others (Platforms. Etc.)

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

Contact Us

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The oilfield communications market is expected to grow at a CAGR of 5.4%, from US$ 3.8 Billion in 2022 to USD 6.4 billion by 2032.

Increasing investments in network infrastructure, rising demand for oilfield communications from oil and gas operators to scale the production of mature oilfields, and rising technological advancements for communication across oilfields are expected to drive the adoption of the oilfield communications market.

Businesses that provide oilfield communications solutions and services are expected to see a significant drop in oilfield communications market growth due to the COVID-19 pandemic-led global lockdown.

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The pandemic caused oilfield communications companies to face liquidity crises, healthier companies to diversify their businesses, and companies to face a skilled workforce shortage when the oilfield communications market recovers due to layoffs during the lockdown.

Demand for oilfield communications has risen rapidly, and companies are investing heavily in exploring new oil fields, particularly in the Asia Pacific.

The reliable and fast network enables oil and gas companies to discover new remote offshore and onshore oilfields, which may influence the oilfield communications market key trends and opportunities.

The major oil exploration companies that are establishing operations in harsh and remote areas are driving up demand for oilfield communications solutions.

Most of the major oil exploration companies are advancing their technologies in response to the increasing demand for high bandwidth communication.

KEY TAKEAWAYS:

• The US oilfield communications market is expected to reach US$ 2.2 billion by 2032, growing at a 4.9% CAGR through 2032.
• The UK oilfield communications market is expected to be worth US$ 278.2 Million by 2032, with a CAGR of 4.4% between now and then through 2032.
• By 2032, the Chinese oilfield communications market is expected to reach US$ 442.0 Million, growing at a 4.7% CAGR.
• A Japanese oilfield communications market is expected to be worth US$ 367.4 million by 2032, growing at a 4.0% annual rate until then.
• South Korea is expected to have a US$ 215.3 million oilfield communications market by 2032, with a CAGR of 3.3% through 2032.
• The onshore segment of the oilfield communications market’s field site category is expected to grow at a CAGR of 4.9% through 2032.
• The oilfield communications market component sectors’ services segment will grow at a CAGR of 5.2% through 2032.

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COMPETITIVE LANDSCAPE:

New market research report on Oilfield Communications says that Huawei Technologies Co., Ltd., Siemens AG, Speedcast, Weatherford International plc, and Ceragon are among the legacy players vendors.

The research offers a comprehensive competition analysis of these top competitors in the oilfield communications market, including oilfield communications market growth, oilfield communications market share, oilfield communications market adoption trends and important market strategies.

Key Segments

By Component:

• Solutions
• Services

By Communication Network:

• VSAT Communication Network
• TETRA Communication Network
• Cellular Communication Network
• Fiber Optic-based Communication Network
• Microwave Communication Network

By Application:

• Upstream
• Midstream
• Downstream

By Field Site:

• Onshore
• Offshore

By Region:

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

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

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The global energy harvesting market is projected to record a CAGR of 7.5% from 2022-2032.

“A number of newly developed and efficient energy applications, broad acceptance of renewable energy sources, and green energy harvesting are likely to play a critical role in the growth of the worldwide energy harvesting Industry.”

Growing applications of the energy harvesting technology and home automation is another key driver to the market growth. The green energy harvesting trend is effectively governing the market, while favourable initiatives by various governments are also boosting the market on a global level. Energy harvesting on a significant scale is used in industrial WSNs, and this trend is projected to continue during the forecast period.

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What Restrains the Growth of the Energy Harvesting Market?

“Shift in energy harvesting technology from off grid to smart grid will drive the energy harvesting demand”

Energy harvesting technology is utilized off-grid or on-demand; both of these usage patterns, however, have inherent technological challenges that may limit the market’s demand for energy harvesting equipment. Another deterring factor includes inadequate awareness among consumers about the availability and usage of the energy harvesting systems based on harvested energy.

Moreover, relatively higher initial costs associated with these devices are expected to curtail the growth of the market globally. The energy harvesting technology generates lower current, which makes it incompatible for the application in all types of energy domains. Shifting to a smart grid paradigm can help the energy harvesting market in the direction of prosperity.

Key Players   

• ABB Limited
• Arveni
• Enocean
• Fujitsu
• Cypress Semiconductor Corp.
• Green Peak Technologies
• Honeywell International Inc.
• Levant Power Corporation
• Marlow Industries Inc.
• Microchip Technology Inc.
• MicroGen Systems
• Maxim Integrated
• G24 Innovations Limited
• Texas Instruments Inc.
• STMicroelectronics

How is the Global Energy Harvesting Market Classified?

“Energy harvesting encompasses a wide range of energy harvesting systems, energy harvesting devices, energy harvesting technologies which are utilized for energy storage in a variety of energy harvesting projects”.

The energy harvesting market based on application is segmented as wireless sensor network (WSN), consumer electronics, industrial, building, bicycle dynamo, military and aerospace, automotive, healthcare, and others (research, animals, and farming).

Among these, consumer electronics, including mobile phones, wrist watches, calculators, and piezoelectric gas lighters, cover the maximum share of the global energy harvesting market, followed by military and aerospace-based applications. However, building and home automation is the fastest growing application segment in the energy harvesting sector.

Energy harvesting is also an integral part in a wireless sensor network (WSN) these days. Building and infrastructure, home automation of lighting, security, and electronics, and WSNs for bridges are among the most popular energy harvesting applications in recent years using multiple devices for energy harvesting.

A current trend in wireless energy harvesting is the use of mmWave (millimeter wave) for 5G cellular networks. Energy harvesting is estimated to find increasing applications in the automobile industry in the near future.

The advent of nano technology has offered ample growth opportunities to the energy harvesting market. Since nanotechnology helps manufacturing of compact-sized devices, the emergence of portable energy devices based on energy harvesting technology is the most likely occurrence in the market.

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Which Region Is Likely to have a Dominant Stance in the Energy Harvesting Market?

“Investment in new energy harvesting technologies and energy harvesting materials along with energy storage devices will be preferred by energy harvesting projects”

The energy harvesting market can also be segmented into North America, Latin America, Asia Pacific, Japan, Western Europe, Eastern Europe, and the Middle East and Africa. America is projected to remain the dominating markets in 2016, with a significant market share.

Europe will be the fastest growing market, owing to burgeoning promotion and investments by The European Commission in R&D of energy harvesting and energy storage devices. North America and Asia Pacific will also account for remarkable market shares by 2020 end.

In North America, the U.S. will dominate, whereas in APAC, Japan will reportedly contribute the largest share to the total energy harvesting market revenues.

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Increasing adoption of acoustic wave filters in smartphones for antenna routing and tuning for 5G applications is expected to propel demand in the long term.  According to a recent report by Future Market Insights, the acoustic wave filters market is estimated to register a CAGR of 10.6% during the forecast period of 2021-2031, driven largely by demand for SAW filters. The market will reach US$ 4.5 Bn by 2021.

A significant increase in the number of mobile devices in various countries around the world is expected to facilitate growth of the acoustic wave filter market. The adoption of radio frequency (RF) filters to protect sensitive receiver path from interference by transmitting signals and noise from various RF sources will bode well for manufacturers.

Bulk acoustic wave (BAW) filters are used in smartphones to transmit, filter, and receive paths for 3G, 4G, and 2G up to 15 bands, while supporting Bluetooth, Wi-Fi, and other wireless communications.

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The implementation of 5G is increasing globally and it drives wireless technology in mobile devices. To increase bandwidth, the use of new higher frequency bands such as E-UTRA and New Radio Dual Connectivity is on the rise.

This band increases the probability of interference in mobile devices, to mitigate the role of advanced RF filters. BAW filters with antenna tuning and routing approaches are used for addressing these challenges associated with handling higher frequencies.

BAW filters also save board space by making filters smaller for easier integration to RFFE modules, which supports 5G requirements. The acoustic wave filters market is estimated to reach a valuation of US$ 24,510.6 Mn by 2031 owing to increase demand for telecommunications applications across the globe.

Key Takeaways: Acoustic Wave Filter Market

• Surface acoustic wave (SAW) filters are dominating the global acoustic wave filters market and are estimated to register a market share of 50.5% by the end of 2021.
• Lithium tantalate filters are estimated to grow at the fastest CAGR of 13.4% during the forecast period owing to a rise in adoption of BAW filters for wireless systems.
• China is the largest and fastest growing market, accounting for more than 54% of the East Asia value share, owing to high investments by governments in the expansion of various sectors.
• The U.S. will hold 86% of the North America market, driven by faster access to tech advancements in the country, and the presence of key players.
• Indonesia and India are emerging as lucrative markets owing to investments for the development of public transport infrastructure.

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COVID-19 Impact Analysis on Acoustic Wave Filter Market   

The COVID-19 pandemic has had a significant impact on the market. Restricted connectivity during the lockdown, disruption in supply-chains, and limited exchange and transfer of essential goods and services have affected short term prospects.

The COVID-19 pandemic has impacted the sales of semiconductors. Companies have moved decisively to secure supply chains, and protect employees. According to estimates, in Q1-Q2 2020, a decline of approximately 80% in worldwide semiconductor revenues was witnessed.

Many companies are vulnerable to risk and revenues are likely to fall by approximately 10% with share prices falling by approximately 25% due to publicly disclosed supply chain disruption.

SAW/BAW filters production centers in developed Asian countries have been interrupted due to the impact of pandemic. Companies are looking for alternative logistical routes wherever possible. The estimated sales of acoustic wave filters dropped by 10% to 15% during the course of pandemic in Q1-Q2 2020.

More Valuable Insights on Acoustic Wave Filter Market   

FMI’s report on the acoustic wave filter market is segmented into four major sections such as acoustic wave filter by type (SAW filter (RF SAW filters and IF SAW filters) and BAW filter (solidly mounted resonator BAW filters and film bulk acoustic resonators)), material (quartz, lithium niobate, lithium tantalate, langasite, and others), application (consumer electronics, telecommunications, automotive, aerospace & defense, healthcare, industrial and others), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East & Africa) to help readers understand and lucrative evaluate opportunities in the acoustic wave filters Market.

About Us

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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The lead capture software market was valued at US$ 2.4 Billion in 2022 and is projected to reach US$ 4.9 Billion by 2032, growing at a CAGR of 7.4% from 2022 to 2032.

A few of the major factors driving the growth of the lead capture software market include automation of marketing efforts and accuracy in client information. Other reasons expected to promote the growth of the lead capture software market include tracking consumer interactions and engagement and improving social media strategy.

The lead capture software market will be driven by the rising demand for capture solutions and the increased adoption of cloud-based services. It is also compatible with sales and marketing applications.

Cyber risks have increased in recent years, with account hijacking, malware injections, shared vulnerabilities, and data loss among the factors limiting lead capture software market development.

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The need for digitalized documentation solutions is expected to develop, providing attractive prospects for the lead capture software market. A key problem for the lead capture software market is the lack of efficient Internet access infrastructure in developing nations.

Organizations use lead capturing software to find new sales prospects, according to Product. Since most company fields are serious, companies must develop new business opportunities to stay ahead of the competition in the lead capture software market.

KEY TAKEAWAYS:

• In the United States, the market for lead capture software is estimated to reach US$ 1.8 Billion by 2032, increasing at a CAGR of 7.1% throughout the research period.
• By 2032, the UK lead capture software market is expected to be valued US$ 195.7 Million, growing at a CAGR of 6.0%.
• With a CAGR of 6.5% during the research period, China is expected to reach a market size of US$ 335.8 Million in lead capture software by 2032.
• By 2032, Japan’s market for lead capture software is estimated to be worth US$ 269.8 Million, with a CAGR of 5.5% during the research period.
• With a CAGR of 4.0% during the research period, South Korea is predicted to reach a market size of US$ 147.6 Million in lead capture software by 2032.
• The lead capture software market’s software segment will expand at the fastest pace of 5.1% in the offering
• The application category of the lead capture software market is predicted to grow at a CAGR of 6.2%, with large enterprises leading the way.

COMPETITIVE LANDSCAPE:

Landingi, NetFactor, CallRail, Form Assembly, Lusha Systems, Clearbit, UpLead, NetLine, LeadIQ, and Datanyze are the leading companies in the lead capture software market.

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RECENT DEVELOPMENT:

• Canon, Inc. developed a scalable document management system called ‘Therefore’ in August 2018 to broaden its digital imaging solution offering.
• Ephesoft, a leader in supervised analytics and machine learning-based document capture tools and solutions, released opeAPI – web services for its Ephesoft Transact product in July 2018. This allows Ephesoft to link any of its lead capture technologies with any OpenAPI-compliant application, such as Microsoft Flow.
• Hyland Healthcare released two new corporate imaging solutions in May 2018, giving departments additional capabilities to integrate, record, and distribute vital documents.
• Adobe announced in April 2018 that Spark for Education, which includes premium features and more capability, will be free to K-12 and higher education students. Adobe Spark for Education is a fun narrative creative cloud tool that works in any web or mobile browser that allows students to accomplish school projects and demonstrate digital creativity quickly and effortlessly using graphics, web stories, and video.

Key Segments

By Offering:

• Software
• Services

By Enterprise Size:

• SMEs
• Large Enterprises

By Region:

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

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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. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview    

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. 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