Market Research Blog – Page 1234 – New Product Development

Green Coffee Bean Extract Market Growth Drivers and Consumer Preferences in the Global Landscape by 2033

The green coffee bean extract market is on track to reach USD 417.0 million by 2033 with an impressive 4.0% CAGR, starting from US$ 281.2 million in 2023.

The increasing popularity of weight loss supplements is one of the critical points for the market to grow in the upcoming years. But some side effects like anxiety and insomnia when consuming green coffee bean extract exist. Competition from other weight loss supplements threatens the green coffee bean extract market.

Market Opportunities

As the green coffee bean extract market is projected to have a great CAGR of 4.0% from 2023 to 2033, this market has many opportunities. The increasing need for organic and herbal elements in these products is driving the rapid growth of the green coffee bean extract market.

Green coffee bean extract is a weight-loss and very demanding supplement in the market, so it also makes a reason for the green coffee bean extract market to grow.

Key Takeaways

The green coffee bean extract sector has witnessed consistent and robust growth, with a CAGR of 4.0% from 2023 to 2033, signifying a favorable trend and a promising future for the industry.
Projections indicate that the global green coffee bean extract industry is poised to develop and achieve a revenue of US$ 417.0 million by 2033, indicating a growing demand for green coffee bean extract and the exciting possibilities in the sector.
In 2022, the United States appeared as a frontrunner in the green coffee bean extract market, capturing a significant market share of 17.1%, underscoring the dominant position and substantial presence of the United States in the sector.
Germany exhibited substantial growth in the global green coffee bean extract market in 2022, attaining a market value of 5.7%, suggesting an increasing interest and greater involvement of corporations in Germany’s green coffee bean extract
Japan demonstrated a strong surge in the green coffee bean extract market in 2022, achieving a high market value of 4.3%, highlighting Japan’s rising market potential and appealing prospects for green coffee bean extract.
India was established as a significant player in the green coffee bean extract market in 2022, attaining a spectacular market value of 21.5%, indicating India’s active participation and strong impact within the industry.

Competitors Winning Strategies
Various effective techniques are used by businesses in the green coffee bean extract industry to achieve a competitive advantage and grow their market share. They are making new products which give more benefits to customers to choose the product according to their needs and taste. They are building their brand with this customer can recognize and trust the product.

They are expanding their network and distribution channels to get more customers and deliver their products worldwide. They are also making partnerships with other companies to expand their reach.

Recent Developments:

The Green Coffee Company has secured US$13.2 million in Series B investment. This investment will be used to assist the company’s development and growth and also to create new products and research.
Naturex has introduced an additional green coffee bean extract product that contains up to 50% chlorogenic acids. This product will give users an additional constant and effective green coffee bean extract dosage.
Nature’s Way Products, LLC. has released a new green coffee bean extract product which is accessible in both capsule and powder form. This product is meant to help users lose weight and enhance their general well-being.

Competition Analysis

Key global green coffee bean extract market players include Alchem International Pvt. Ltd., Nature Wise, Naturex, Nature’s Way Products, LLC. MKC Food Products, Tru Body Wellness, Abc International, and Absolute Nutrition.

The market is highly competitive due to the presence of such a large number of participants. While global players such as Alchem International Pvt. Ltd., Nature Wise, Naturex, and Nature’s Way Products, LLC. account for considerable market size, several regional-level players are also operating across key growth regions, particularly in the Asia Pacific.

Gain Immediate Access to Detailed Market Insights Purchase Now:

Key Segments Profiled In The Global Green Coffee Bean Extract Market

By Form:

Powdered
Liquid

By Application:

In Beverages
In Dietary Supplements
In Others

By Distribution Channel:

In Drug Stores
In Specialty Stores
In Supermarket
In Hypermarket
In Convenience Stores
In Others

By Region:

North American
Latin American
Western European
Eastern European
Asia-Pacific
Japanese
Middle East And Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Nitrogenated Coffee Market Trends and Innovations Shaping the Future of Coffee Consumption

Global nitrogenated coffee demand is anticipated to be valued at US$ 40 Billion in 2022, forecast to grow at a CAGR of 4.1% to be valued at US$ 60 Billion from 2022 to 2032. Growth is attributed to increased demand for nitrogenated coffee in the food & beverage industry.

Nitrogenated coffee is the type of ready-to-drink (RTD) coffee which is infused with nitrogen for tiny, soft bubbles that create a rich flavor with a creamy head and slightly natural sweet taste comparable to the Guinness stout. With the increased consumer interest in the ‘coffee shop culture,’ ready-to-drink coffee is in high demand.

One of the advantages offered by the nitrogenated coffee is the lower acidic content, which makes it suitable for people with a sensitive stomach, lowering the risk of heartburn or acid reflux.

The lack of time to spend in the coffee shop to enjoy luxuriously a hot cup of coffee is leading to a shift in the behavior of the consumer to opt for canned ready-to-drink nitrogenated coffee. Organic, shelf-stable, handcrafted beverages and low calories are some of the attractive features of the nitrogenated coffee.

Nitrogenated Coffee: ready-to-drink coffee

Nitrogenated coffee, a ready-to-drink, is becoming a popular trend among the populace due to the convenience and instant nature of the product, especially in the people having time restraint in their busy schedule. Emerging brands have taken the advantage of the shift in the consumer behavior with the vast range of flavors of nitrogenated coffee to appeal the shop goers.

Due to increased health concerns throughout the world, consumption of soft drinks are facing a decline in the sales, this acts as a driver for the nitrogenated coffee market growth. Also, the infused nitrogen imparts the natural sweetness to the drink, it gives the perception of sweetness without the actual need of the sugar. This factor makes the nitrogenated coffee popular among the gym-goers.

Global Nitrogenated Coffee market: Key players

Stumptown Coffee Roasters, Rise Brewing Co., Coffee Company, Starbucks Corporation, Lucky Jack, Califia Farms, Caveman Coffee Co., Convergent Coffee Co., Blackeye Roasting Co. are among the key players in the global Nitrogenated coffee market.

Purchase this Premium Research Report | Immediate Delivery Available

Global Nitrogenated Coffee market: Key developments

In July 2018, Convergent Coffee Co. announced new brand design for its nitrogenated coffee product to elevate overall appearance to attract consumers. The product is nitro-infused, heavily-caffeinated, certified organic and Fair Trade, and low calories

Rise Brewing Co. introduced new nitrogenated coffee products in the nitro cold brew coffee line in September 2018, including oat milk, classic latte, and mocha latte.

Manufacturers are offering nitrogenated coffee with low calories, free of dairy and sugar, and handcrafted options, considering the current market trend of health consciousness. With the technological developments, cost-effective techniques are being developed to produce a supreme quality product with improved long shelf-life of the nitrogenated coffee.

Global Nitrogenated Coffee market: Opportunity

RTD coffee has seen increasing sales in the North American and European market, which are the dominant markets for the global nitrogenated coffee market. The Asia Pacific is an emerging market for the nitrogenated coffee and is expected to present high potential.

Also, strategic marketing of the nitrogenated coffee in the promising market such as Asia and South America will help boost the niche market. The producers of the RTD are particularly targeting youth who enjoys and has a craze for the new and innovative taste, India and China presents a promising market for nitrogenated coffee.

Although nitrogenated coffee market is dominated by large manufacturers, small, and medium-sized roasters are currently recording fastest growth.

Key Data Points Covered in the Nitrogenated coffee Report

An overview of the global Nitrogenated coffee market, including background and advancement.
Macroeconomic factors affecting the Nitrogenated coffee market and its potential.
Market dynamics, such as drivers, challenges, and trends.
Detailed value chain analysis of the Nitrogenated coffee market.
The cost structure of and segments covered in the study.

In-depth pricing analysis, by crucial Nitrogenated coffee segments, regions, and by major market participants.
Analysis of supply and demand the Nitrogenated coffee, such as top producing and consuming geographies, imports/exports, and overall trade scenario.
Analysis of the market structure, including a tier-wise categorization of key market participants of Nitrogenated coffee market.
Competitive landscape of the market, including detailed profiles of the top players in the Nitrogenated coffee market.

Regional analysis of the Nitrogenated coffee market includes

North America (U.S., Canada)
Latin America (Mexico, Brazil, Argentina, Peru, Chile, Rest of LATAM)
Western Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX, Rest of Western Europe)
Eastern Europe (Poland, Russia, Ukraine, Rest of Eastern Europe)
Japan

Asia Pacific Excluding Japan (Greater China, India, South Korea, ASEAN Countries, Rest of APEJ)
Middle East and Africa (GCC Countries, Turkey, Iran, Israel, S. Africa, Rest of MEA)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain of the Nitrogenated coffee market.

The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors of the Nitrogenated coffee market, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies of Nitrogenated coffee.

Nitrogenated Coffee market segmentation

Nitrogenated Coffee starch market segmentation on the basis of flavors:

Oat milk
Classic latte
Mocha latte
Coconut

Vanilla
Other

Nitrogenated Coffee market segmentation on the basis of packaging:

Cans
Glass bottles

Nitrogenated Coffee market segmentation on the basis of the distribution channel:

Convenience stores
Specialty stores
Supermarkets/hypermarkets
Online retailers

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Revolutionizing Automotive Service: Growth and Applications of the Automotive Garage Equipment Market | FMI Reports

The Automotive Garage Equipment Market is rapidly expanding as automotive service centers, dealerships, and independent garages modernize to meet the growing demands of vehicle maintenance and repair. Automotive garage equipment encompasses a wide range of tools and systems designed to support the efficient repair, diagnostics, and servicing of vehicles. With the increasing complexity of automotive technologies, the need for advanced garage equipment has become more vital than ever.

Unlock Comprehensive Insights—Read the Full Report Today!

Key Applications of Automotive Garage Equipment:

Vehicle Diagnostics:
Modern vehicles are equipped with sophisticated onboard systems, requiring advanced diagnostic tools for fault detection and troubleshooting. Diagnostic scanners, code readers, and computer-based systems allow technicians to quickly identify problems in engines, transmission systems, and electronic control units (ECUs), improving repair times and accuracy. As electric and hybrid vehicles become more popular, specialized diagnostic tools are emerging to support these vehicles’ unique needs.
Wheel Alignment and Tire Servicing:
Proper wheel alignment is critical for ensuring vehicle safety and optimal performance. Advanced wheel alignment machines, tire changers, and wheel balancers are essential for accurately adjusting wheel angles, balancing tires, and ensuring proper tire installation. These machines help extend tire life, improve fuel efficiency, and enhance driving safety.
Vehicle Lifts and Hoists:
Vehicle lifts are crucial for performing undercarriage repairs, inspections, and maintenance tasks. From two-post and four-post lifts to scissor lifts and in-ground hoists, garages rely on these systems to raise vehicles safely, allowing technicians to access components such as exhaust systems, brakes, and suspension systems. The need for heavy-duty lifts is especially important in commercial vehicle servicing and for larger vehicles like trucks and buses.
Air Compressors and Pneumatic Tools:
Air compressors power a range of pneumatic tools commonly used in automotive repair, including impact wrenches, air ratchets, and tire inflators. These tools offer precision and efficiency, enabling technicians to complete tasks such as tightening bolts, removing parts, and inflating tires with speed and ease. High-performance air compressors ensure consistent power output, which is essential for maintaining a fast-paced service environment.
Brake Service Equipment:
Brake systems are one of the most critical safety components of any vehicle, and garages require specialized tools to inspect, service, and repair them. Brake lathes, brake fluid exchangers, and disc grinding machines are used to maintain braking systems, ensuring that vehicles meet safety standards and perform efficiently on the road.
Emission Testing Systems:
As governments implement stricter emissions regulations, emission testing systems have become a vital part of vehicle inspection and repair services. These systems are used to measure the amount of pollutants emitted by vehicles, ensuring they comply with environmental laws. Garages must invest in advanced emission testing equipment to help customers meet compliance requirements and reduce their environmental impact.
Battery Service and Charging Systems:
With the rise of electric vehicles (EVs) and hybrid models, garages are expanding their services to include battery testing, charging, and replacement. Specialized equipment is needed to safely handle and service high-voltage EV batteries, as well as traditional automotive batteries. As EV adoption grows, this segment of the market is set to become increasingly important.

Market Drivers:

Rising Vehicle Ownership: As global vehicle ownership continues to rise, the demand for automotive servicing and repairs is increasing, boosting the need for modern garage equipment.
Technological Advancements in Vehicles: The growing complexity of automotive technology, including the integration of ADAS (Advanced Driver Assistance Systems) and electric vehicle technologies, requires garages to adopt advanced diagnostic and servicing tools.
Strict Emission and Safety Regulations: Stringent emissions and safety standards are compelling garages to invest in testing equipment and tools that ensure compliance with regulatory requirements.

Leading Key Players:

MAHA Maschinenbau Haldenwang Gmbh & Co. KG
Snap-on Incorporated
Robert Bosch GmbH
Continental AG
Forward Lift Company (Dover Corporation)
VisiCon Automatisierungstechnik GmbH
Standard Tools and Equipment Co.
Symach Srl
Nussbaum Automotive Solutions
SAMVIT GARAGE EQUIPMENT

Why Automotive Garage Equipment Matters:

In an era where vehicle technologies are rapidly evolving, automotive service centers must keep pace by equipping themselves with the latest tools and systems. Advanced garage equipment not only enhances the efficiency and accuracy of vehicle repairs but also ensures that modern vehicles, including electric and hybrid models, are properly serviced. Investing in cutting-edge garage equipment is key to maintaining competitiveness in the automotive service industry while ensuring safety and regulatory compliance.

As the automotive industry shifts toward electrification and advanced technologies, the role of high-quality garage equipment will continue to expand, supporting the future of vehicle maintenance and repair.

Automotive Garage Equipment Market Segmentation:

By Vehicle:

2 Wheelers
Light Vehicles
Heavy Vehicles

By Equipment:

Lifting Equipment
Body Shop Equipment
Wheel & Tire Alignment
Vehicle Diagnostics & Testing
Washing Equipment
Other Tools

By Garage:

OEM
Franchisee Garages
Independent Garages

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Elevating Efficiency: The Expanding Role of the Aircraft Ground Support Equipment Market | FMI Reports

The Aircraft Ground Support Equipment (GSE) Market is essential for the smooth operation of airports and airlines worldwide. As air travel continues to grow and airport infrastructure modernizes, the demand for advanced ground support equipment is increasing. GSE plays a critical role in ensuring the efficiency, safety, and timely operations of aircraft on the ground, from boarding and refueling to baggage handling and aircraft maintenance.

Unlock Comprehensive Insights—Read the Full Report Today!

Key Applications of Aircraft Ground Support Equipment:

Aircraft Handling:
Ground support equipment is crucial for aircraft handling, including towing, pushback, and aircraft marshalling. Tow tractors, tow bars, and pushback tugs allow for safe and precise aircraft movement on the tarmac. These tools are essential for positioning aircraft during maintenance, parking, or takeoff preparation, ensuring seamless ground operations.
Passenger and Cargo Handling:
Efficient passenger boarding and cargo loading are vital to minimizing aircraft turnaround times. Passenger boarding bridges (PBBs), air stairs, and baggage conveyor systems enable smooth transitions for passengers and luggage, ensuring timely boarding and disembarkation. In cargo operations, specialized loaders and dollies facilitate the transfer of freight, optimizing both speed and safety.
Refueling Operations:
Ground support equipment for fueling, such as fuel trucks and hydrant carts, ensures the safe and efficient refueling of aircraft. Proper refueling equipment is critical to maintaining flight schedules while adhering to safety and environmental regulations. The rise in sustainable aviation fuels (SAF) is also influencing the development of GSE designed to handle new fuel types.
Aircraft Maintenance and Servicing:
Ground support equipment plays a key role in the maintenance and servicing of aircraft between flights. Maintenance stands, power units, air start units, and hydraulic test equipment are essential for routine checks, repairs, and pre-flight inspections. These tools help ensure aircraft are in optimal condition before they take to the skies, minimizing delays and improving operational reliability.
Ground Power and Air Supply:
Aircraft rely on external power and air supply while on the ground, and GSE such as ground power units (GPUs) and air-conditioning units (ACUs) provide these essential services. GPUs supply electrical power to aircraft systems, while ACUs maintain cabin temperature when engines are off. These systems reduce the need for engine idling, lowering fuel consumption and emissions.
Deicing and Snow Removal:
In regions prone to cold weather, deicing trucks and snow removal equipment are vital for safe aircraft operations. Deicing units spray glycol-based solutions to remove ice from aircraft surfaces, ensuring safe takeoff and landing. Snowplows and sweepers clear runways, taxiways, and aprons, maintaining operational continuity during harsh winter conditions.

Market Drivers:

Rising Air Traffic: The global increase in air travel is driving demand for more efficient and high-capacity ground support equipment to meet the needs of expanding airport operations.
Airport Modernization: Upgrades to airport infrastructure, including the construction of new terminals and runways, are boosting demand for cutting-edge GSE solutions.
Sustainability Initiatives: Airports and airlines are seeking eco-friendly GSE, such as electric ground vehicles and green power units, to reduce their carbon footprint and comply with environmental regulations.

Why Ground Support Equipment Matters:

Aircraft ground support equipment is essential to ensuring smooth, efficient, and safe operations at airports. From passenger boarding and cargo loading to aircraft maintenance and refueling, GSE facilitates every stage of aircraft ground handling. As airports and airlines aim to improve operational efficiency while meeting sustainability goals, the need for innovative and advanced GSE will continue to grow.

Investing in modern ground support equipment not only enhances operational capabilities but also contributes to reducing environmental impact, ensuring the future of sustainable aviation.

Key Players

Air T, Inc.
Textron, Inc.
China International Marine Containers (Group) Co., Ltd
Weihai Guangtai Airport Equipment Co., Ltd.
Cavotec SA,
ALVEST Group
MulagFahrzeugwerk Heinz Wössner GmbH u. Co. KG
Tronair, Inc.
Lektro Inc.

Know More About What the Aircraft Ground-Supporting Equipment Market Report Covers

Future Market Insights offers an unbiased analysis of the global aircraft ground-supporting equipment market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the aircraft ground-supporting equipment market, the market is segmented based on equipment, power, application, and application across five major regions.

Aircraft Ground Support Equipment Market by Category

By Equipment:

Passenger Service
Boarding Steps & Stairs
Airport Buses & Transport
Beds/Chairs Lifts
Aircraft Service
Refuelers
Tugs & Tractors
Ground Power Unit (GPU)
Air Start Units (ASU)
Lavatory Service Vehicles
De-icing Vehicles
Rescue & Firefighting
Air Conditioners
Others
Cargo Loading
Container Loaders
Belt Loaders
Cargo Transporters
Cargo Dollies

By Power:

Electric
Non-electric
Hybrid

By Ownership:

New Sales
Rental/Lease

By Application:

Commercial
Defense

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Safeguarding Resources: The Expanding Role of the Water Treatment Market | FMI Reports

As water scarcity and environmental sustainability become increasingly pressing global issues, the Water Treatment Market is experiencing significant growth. Water treatment technologies are essential for ensuring safe, clean water for various applications, including drinking water, industrial processes, and wastewater management. The surge in urbanization, industrialization, and stricter environmental regulations are fueling the demand for advanced water treatment solutions across multiple industries.

Unlock Comprehensive Insights—Read the Full Report Today!

Key Applications of Water Treatment Technologies:

Municipal Water Treatment:
One of the largest applications of water treatment technologies is in municipal water systems, ensuring safe drinking water for millions of people worldwide. Filtration, desalination, disinfection, and chemical treatments are used to remove contaminants, microorganisms, and pollutants from water sources. With growing populations and increasing concerns over waterborne diseases, municipalities are investing in advanced treatment methods to meet clean water standards.
Industrial Water Treatment:
Many industries, such as power generation, pharmaceuticals, and food and beverage, require large volumes of treated water for their processes. Water treatment technologies help remove harmful chemicals, heavy metals, and organic materials from water used in manufacturing, cooling, and steam generation. By treating and reusing water within industrial processes, companies can reduce costs, conserve water, and comply with stringent environmental regulations.
Wastewater Management:
Effective wastewater treatment is critical to protecting the environment and public health. Wastewater treatment plants use a combination of biological, chemical, and physical processes to remove harmful substances from wastewater before it is discharged or reused. Industries and municipalities are increasingly adopting advanced wastewater treatment technologies to handle the growing volume of sewage and industrial waste, while also reclaiming treated water for agricultural and non-potable uses.
Desalination:
As freshwater resources become more limited, desalination technologies are playing an essential role in providing clean water, especially in arid regions. Desalination plants use techniques like reverse osmosis and distillation to convert seawater into drinkable water. Countries facing acute water shortages are investing heavily in desalination as a long-term solution to meet their water demands.
Agriculture Irrigation:
Agriculture is one of the largest consumers of water globally. To optimize water use and reduce wastage, water treatment technologies are increasingly used in agricultural irrigation systems. Treated wastewater and recycled water are being used in farming to ensure sustainable water practices, especially in regions where freshwater is scarce. This application not only helps conserve water but also minimizes the environmental impact of farming.
Residential and Commercial Applications:
Beyond large-scale industrial and municipal applications, water treatment technologies are widely used in residential and commercial settings. Point-of-use water filtration systems, softeners, and purifiers are common in homes, hotels, and businesses, ensuring clean, safe water for drinking, cooking, and cleaning. As consumers become more aware of water quality issues, the demand for household water treatment systems is on the rise.

Market Drivers:

Rising Water Scarcity: Growing concerns over water scarcity in various regions are driving investments in water treatment technologies to ensure sustainable water supply.
Stringent Environmental Regulations: Governments around the world are enforcing stricter regulations on water quality and wastewater management, pushing industries to adopt advanced water treatment solutions.
Technological Advancements: Innovations in water treatment technologies, such as membrane filtration, UV disinfection, and IoT integration, are enhancing the efficiency and effectiveness of water treatment processes.

Key Players Operating in the Industry:

Hitachi Aqua-Tech Engineering Pvt Ltd
Flow-Tech Industrial
Clariant
Toshiba Corporation

Why Water Treatment Matters:

Clean and safe water is a fundamental human need and a key component in industrial processes, agriculture, and environmental conservation. As the global population increases and natural resources become more strained, the importance of water treatment technologies cannot be overstated. These solutions are vital to addressing water scarcity, preventing pollution, and promoting sustainable water management practices across industries.

By embracing cutting-edge water treatment technologies, industries and municipalities can secure the future of water resources and contribute to a more sustainable and resilient world.

Water Treatment Market Key Segment:

By System Type:

Preliminary Treatment
Water Treatment
Membrane Bio-Reactor (MBR)
Reverse Osmosis (RO)
Micro-Filtration (MF)
Nano/Ultra Filtration (NF/UF)
Disinfectants (UV, Ozone)
Sludge treatment
Activated Sludge
Sludge Thickening & Dewatering
Sludge Drying
Other Sludge Treatment Technology

By Application:

Process Water/ Water Treatment
Waste Water Treatment
Zero Liquid Discharge
Desalination

By End Use:

Residential Buildings
Commercial Buildings
Municipality
Industrial
Chemical & Petrochemicals
Oil & Gas
Mining & Metals
Food & Beverage
Pharmaceuticals
Thermoelectric Power Plants
Semiconductors
Pulp & Paper
Sugar Mills
Textiles
Leather

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Driving Innovation: The Growing Impact of the Electric Motor Market | FMI Reports

As industries worldwide strive for greater energy efficiency and sustainability, the Electric Motor Market is experiencing unprecedented growth. Electric motors are a cornerstone of modern technology, powering everything from household appliances to electric vehicles, industrial machinery, and renewable energy systems. With advancements in energy-efficient technologies and the global shift toward electrification, the demand for electric motors is set to continue rising.

Unlock Comprehensive Insights—Read the Full Report Today!

Key Applications of Electric Motors:

Electric Vehicles (EVs):
Electric motors are at the heart of the electric vehicle revolution, providing the torque and power necessary for EV propulsion. With the rise in global EV adoption, driven by environmental regulations and consumer demand for cleaner alternatives, electric motors are playing a pivotal role in shaping the future of the automotive industry. They offer numerous advantages such as zero emissions, higher efficiency, and lower operational costs compared to internal combustion engines.
Industrial Machinery:
In manufacturing and industrial settings, electric motors power a wide range of machinery including pumps, compressors, conveyors, and robotic systems. The use of energy-efficient motors in these sectors helps reduce power consumption and operational costs, while also increasing the productivity and reliability of equipment. The industrial segment is one of the largest adopters of electric motors, with a growing emphasis on automation and smart manufacturing.
Household Appliances:
From washing machines to air conditioners and refrigerators, electric motors are found in nearly every household appliance. As consumers increasingly seek energy-efficient products to lower their energy bills and environmental impact, manufacturers are integrating advanced motor technologies that offer quiet operation, durability, and minimal power consumption.
Renewable Energy Systems:
Electric motors are also critical components in renewable energy technologies, such as wind turbines and solar tracking systems. In wind turbines, electric motors are used to convert mechanical energy from wind into electrical energy. Similarly, solar tracking systems utilize electric motors to adjust the angle of solar panels for optimal sunlight exposure. These applications highlight the role of electric motors in supporting the transition to greener energy sources.
HVAC Systems:
Heating, ventilation, and air conditioning (HVAC) systems rely on electric motors to control fans, compressors, and blowers. As buildings become more energy-conscious, the adoption of energy-efficient motors in HVAC systems is essential for reducing energy consumption, enhancing indoor comfort, and meeting regulatory standards for green buildings.
Agriculture and Water Systems:
Electric motors are used in irrigation systems, water pumps, and agricultural machinery to improve efficiency and productivity in farming operations. With the increasing focus on sustainable farming practices and precision agriculture, electric motors are becoming more integrated into modern farming technologies.

Market Growth Drivers:

Energy Efficiency Regulations: Stricter regulations on energy consumption and environmental sustainability are driving demand for electric motors with higher efficiency ratings.
Electrification Across Industries: The global trend toward electrification is pushing industries to replace traditional combustion engines and motors with electric alternatives.
Technological Advancements: Innovations such as smart motors, integrated with sensors and IoT, are providing enhanced control, monitoring, and performance optimization.

Competitive Landscape:

Some of the prominent players in the global market are-

Competition Deep Dive
Robert Bosch GmbH
Hitachi, Ltd.
Nidec Corporation
WEG S.A.
Siemens AG
ABB Group
Regal Beloit Corporation
Toshiba Corporation
Johnson Electric
Hyosung Corporation
Schneider Electric SE
Bonfiglioli Riduttori S.p.A.
Kirloskar Electric Company Ltd.
Allied Motion Technologies Inc.
East West Manufacturing, LLC
Hyundai Electric Co. Ltd.

Some of the Important Developments of the Key Players in the Market are:

In January 2023, Hitachi, Ltd. announced that it had been bolstering the global development of its line-building business leveraging industrial robots (“the robotic SI*1 business”) and will merge Hitachi Automation, Ltd. (“Hitachi Automation”) and Kyoto Robotics Corporation (“Kyoto Robotics”), Hitachi Group companies in Hitachi’s Industrial Digital Business Unit, on April 1, 2023, to strengthen the robotic SI business in Japan and ASEAN countries.
In March 2023, ABB Group, focused on electrification and robotics, wants to invest $40 million through a new 90,000-square-foot manufacturing facility in west Albuquerque as the facility will be used to increase ABB’s production of cable products and will include robotics and digital automation technology, according to a Thursday news release from the company.

Why Electric Motors Matter:

Electric motors are critical in supporting a wide range of applications, contributing to improved energy efficiency, lower carbon emissions, and reduced operational costs across industries. As the global focus on sustainability intensifies, the demand for advanced, energy-efficient electric motors will continue to drive market growth and technological innovation.

By investing in the future of electric motor technology, industries can meet the challenges of tomorrow, while promoting a more sustainable and energy-efficient world.

Key Segmentations

Power Output:

<1 HP
1-5 HP
5 – 10 HP
10 -20 HP
20 – 50 HP
50 – 100 HP
100 – 300 HP
300 – 500 HP
Above 500 HP

Product Type:

AC Motor
- Induction Motor
- Synchronous Motor
DC Motor
- Brushed DC
- Brushless DC

Application:

Pumps
Fans
Drives
Compressor
General Machinery
Centrifugal Machinery
Grinders
Extruders
Robotics
Others

End Use:

Industrial
- Oil & Gas
- Power Generation
- Mining
- Food & Beverages
- Pulp & Paper
- Chemicals
- Air Separation Plant
- Other Manufacturing
Residential
HVAC & Refrigeration
Medical
Municipal Water Treatment
Transportation
- Automotive
- Aviation
- Electric Vehicles
- Railways
- Boats
Others

Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Empowering the Grid: The Role of Substation Automation Market in Modern Energy Systems | FMI Reports

As the global energy sector continues to evolve, the Substation Automation Market is at the forefront of this transformation. Substation automation involves the integration of advanced technologies such as control systems, communication networks, and data analytics to improve the efficiency, reliability, and safety of power grids. With the rising demand for sustainable energy, the growing adoption of smart grids, and the need to optimize power distribution, substation automation is becoming a critical component in modern energy systems.

Unlock Comprehensive Insights—Read the Full Report Today!

Key Applications of Substation Automation:

Improved Grid Reliability:
Substation automation helps to ensure consistent and reliable power supply by enabling real-time monitoring, fault detection, and automatic recovery systems. In the event of an outage or fault, automated substations can quickly isolate the problem area, minimizing downtime and reducing the risk of widespread blackouts.
Smart Grid Integration:
With the increasing push for smarter, more connected energy grids, substation automation plays a pivotal role in integrating renewable energy sources such as wind and solar into the grid. It allows for efficient energy management and load balancing, optimizing energy flow between various power generation sources and consumers.
Enhanced Energy Efficiency:
Through advanced monitoring and control capabilities, substation automation systems optimize energy consumption, reducing losses and improving overall system efficiency. This is especially crucial in the face of rising energy demands and the need to reduce carbon emissions.
Remote Monitoring and Control:
The use of intelligent electronic devices (IEDs) and automated communication networks in substations enables operators to remotely monitor and control various aspects of the power distribution process. This leads to faster response times, improved situational awareness, and reduced operational costs.
Cybersecurity and Data Management:
As substations become more interconnected and digitalized, ensuring robust cybersecurity measures is essential to protect critical infrastructure from cyber threats. Substation automation systems include advanced data encryption and cybersecurity protocols, safeguarding against potential attacks while enabling secure data collection and analysis.
Predictive Maintenance:
Automation in substations also supports predictive maintenance strategies. By continuously monitoring equipment health and performance data, utility companies can predict potential failures and perform proactive maintenance, extending the lifespan of substation components and reducing costly downtimes.

Why Substation Automation Matters:

Substation automation not only enhances the efficiency and reliability of power distribution systems but also enables the seamless integration of renewable energy, helping to drive global sustainability goals. As power grids become more intelligent and interconnected, the role of automated substations will only continue to grow, providing the foundation for the energy systems of tomorrow.

By embracing automation, energy companies can ensure the future resilience of their networks, meet rising energy demands, and take a significant step toward a more sustainable energy future.

What are Key Players Doing to Thrive in the Substation Automation Market?

The substation automation industry is highly competitive, with several key players vying for market share and technological advancements. Some of the prominent companies operating in the sector include:

ABB Ltd: A global leader in power and automation technologies, ABB offers a comprehensive range of substation automation solutions, including control systems, protection devices, and communication networks. The company’s extensive product portfolio and strong research and development capabilities position it as a major player in the market.
Siemens AG: Siemens is a renowned name in the field of electrification, automation, and digitalization. The company offers many substation automation products and solutions, including intelligent electronic devices, advanced control systems, and remote terminal units. Siemens’ expertise in integrated automation and digital solutions gives it a competitive edge in the industry.
Schneider Electric SE: Schneider Electric is a global leader in energy management and automation solutions. The company provides advanced substation automation solutions that enable efficient electrical network monitoring, control, and protection. Schneider Electric’s focus on sustainability and innovative technologies positions it as a key player in the substation automation market.
General Electric Company: GE is a prominent player in the substation automation industry, offering a comprehensive portfolio of digital solutions for power transmission and distribution. The company’s expertise in grid analytics, advanced controls, and asset performance management allows it to deliver cutting-edge substation automation solutions.
Eaton Corporation: Eaton is a leading power management company that offers a wide range of substation automation products and services. The company’s offerings include intelligent electronic devices, communication solutions, and software platforms for efficient substation automation. Eaton’s focus on reliability, safety, and sustainability makes it a strong competitor in the industry.

Other notable players in the substation automation industry include Honeywell International Inc., Mitsubishi Electric Corporation, Schweitzer Engineering Laboratories, and Emerson Electric Co. These companies compete through continuous product innovation, strategic partnerships, and a strong global presence to meet the evolving needs of the substation automation market.

Key Segmentations

By Component:

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

By Site:

Process Level/ Electric Control unit
Bay Level
Substation Level

By Rated Voltage:

Low Voltage
Medium Voltage
High Voltage

By Control System:

SCADA based
HMI based
RI/O (Remote Input-Output) based

By Application:

Transmission Substation
Distribution Substation

By End User:

Commercial and Civic Power Utilities
Oil & Gas terminals
Mining & Metallurgy
Manufacturing Unit
Railways

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Global Heat Induction Cap Liner Market is Expected to Generate USD 862.4 Million by 2034: Future Market Insights, Inc.

The global heat induction cap liner market value is expected to rise from USD 664.1 million in 2024 to USD 862.4 million by 2034. This estimated growth is expected to be driven by a CAGR of 2.6% in the heat induction cap liner industry over the next decade.

Consumption of bottles is rising due to the growing global demand for bottled water. Bottle packaging format has necessitated the demand for heat induction cap liners to guarantee product integrity and purity, and prevent any leakages.

Heat induction cap liners are being used in different bottles composed of various plastic materials like PET, PP, HDPE, and PVC, etc. The product is used in multiple end use industries like pharmaceuticals, food and beverages, etc., which is increasing the market’s value.

Discover Growth Opportunities in the Market – Get Your Sample Report Now
https://www.futuremarketinsights.com/report-sample#5245502d47422d36393434

Pharmaceutical companies adhere to tamper-resistant packaging guidelines dispensed for certain over-the-counter drug products. This is increasing the use of heat induction cap liners.

Existing players in the market are expanding their operations to meet the surging demand generated via heightened demand for bottled water and food and beverages. Recent trends in the market include rising investments in research and development activities by leading players to increase efficiency and reduce overall costs.

“Key players are projected to find opportunities in developing countries where demand for packaged goods is increasing at a drastic rate. Additionally, players are focusing on constant innovations to stay relevant among end users,” says a Lead Consultant Ismail Sutaria in Packaging at Future Market Insights (FMI).

Key Takeaways from the Heat Induction Cap Liner Market Report

The heat induction cap liner market grew at a CAGR of 2% from 2018 to 2023. The market value increased from USD 589.7 million in 2018 to USD 651.1 million in 2023.
Based on application, the bottles segment is projected to acquire a value share of 51.3% in 2024.
By end use, the food segment is expected to obtain a market share of 23.8% in 2024.
In North America, the United States is a key market for heat induction cap liners. The United States market is anticipated to register a CAGR of 1.7% through 2034.
In Europe, Spain is projected to expand at a CAGR of 2.5% from 2024 to 2034.
India is expected to record a CAGR of 4.7% through 2034, whereas China is projected to record a CAGR of 3.7% during the same time.

Competitive Landscape

Companies are developing new and refined liners that are compatible with different packaging materials. By doing so, they can meet the demands of varying consumer preferences and industries. Industry participants are exploring new opportunities in high-growth regions like Asia Pacific and Latin America, where demand for packaged goods is rapidly increasing.

In addition to this, players are expanding their application base, by going beyond the traditional food and beverage sector like cosmetics, pharmaceuticals, and chemicals.

Key players are further strengthening their market positions by pursuing mergers and acquisitions and developing strategic partnerships with other players. This strategy is quite effective in increasing product portfolios, gaining a competitive edge, and attaining new customer segments. Market participants are also focusing on sustainable practices as environmental concerns gain prominence.

Key Players

Tekni-plex, Inc.
Selig Group
Bluemay Weston Limited
B&B Cap Liners LLC
Pres-On Corporation
Low’s Capseal Sdn Bhd
Well-Pack Industries Co, Ltd.
Tien Lik Cap Seal Sdn Bhd
Captel International Pvt Ltd.
Others

Latest Developments Taken Place in Heat Induction Cap Liner Market

In January 2024, TekniPlex Consumer Products developed a series of paper-based, recyclable induction heat seal liners called ProTecSeals Recyclable IHS Liners. These are designed to seal dry nutrition, pharma, and food products in jars and bottles with similar protective properties as conventional solutions. They are said to resist leaks, prevent contamination, provide oxygen and moisture barrier properties, and prolong shelf life.
In November 2021, Amcor introduced IMPRESSIONS, which is a technology that is created in collaboration with MGJ, that facilitates brands to customize closure liners like underside of bottle caps. Additionally, brands are able to print anything like colorful logos and QR codes for direct and digital engagement with customers with the help of CMYK color printing technology.

Heat Induction Cap Liner Market by Category

By Material:

Rubber
Metal (foil)
Plastic
Paper

Based on Application:

Bottles
Jars

By End-user:

Food and Beverages
Pharmaceuticals
Cosmetics and Personal Care
Homecare
Chemicals and Fertilizers

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

HVAC Software Market is Projected to Have a Robust CAGR of 7.9% by 2032 | Future Market Insights, Inc.

The Global Help Desk Software Market was valued at USD 685.9 Million in 2022 and is expected to reach USD 1.5 Billion by 2032, finds Future Market Insights (FMI) in a recent market survey. As per the findings of the report, cloud-based HVAC software will remain pivotal for the market as the bulk of revenue will be generated through this category.

Large Industries to Continue Being Growth Axis for HVAC Software Revenue

Large enterprises continue to be the largest end-users of HVAC software as their humongous HVAC-related operations are streamlined. Revenue through them witnessed a CAGR of 9.2% in 2015-2021 and is forecasted to register a CAGR of 8.7% from 2022 to 2032. Small and Medium Industries also contribute to demand due to the benefits of their scalability and returns.

Discover the Full Details in Our Report—Read More Now!

COVID-19 Pandemic Affecting the Market with Digitization Becoming the Need of the Hour

The reduction in demand and supply-side shortages in the HVAC systems market as well as the labor shortage of skilled technicians adversely affected the market. However, the optimization of existing labour is the emerging need of the hour, with companies turning to the utilization of HVAC software to meet it. Enterprises also benefit from the fact that HVAC software facilitates the collaboration of different professionals through easy access to varied data.

The US to Command the Larger Proportion of demand for HVAC Software throughout the Analysis Period

The US, which accounted for over 36% of the global HVAC Software Market in 2021 is expected to continue being a key player. This is due to the growing demand for HVAC systems after the popularity of smart and sustainable technology. The market in U.S. is estimated to account for a USD 272.9 Million absolute dollar opportunity between 2022 and 2032, with a CAGR of 7.7% during the forecast period.

A key component to demand is that HVAC software helps enterprises get the best possible results from technicians

HVAC software can help assign the best possible technician for a job, taking into account various factors such as geographic location, skill level, review history, and distance from the consumer. It also ensures that enterprises can monitor technicians efficiently.

“HVAC Software providers are closely working on tapping into the benefits of the growth in the HVAC systems market through the enhancement of features and integrations provided.” comments an analyst at Future Market Insights.

HVAC Software Market: Competition Insights

Competitive Landscape

At present, HVAC providers are focusing on increasing their presence and reach while developing new technologies. They are focusing on developments that will ensure further optimization of performance to increase usage in downstream applications.

Some of the recent development in HVAC Software are as follows:

In April 2022, Daikin Comfort Technologies North America Inc. (Daikin) and XOi Technologies collaborated to provide an AR and AI curb-to-curb field services solution with the aim to improve efficiency and bottom line using XOi software and automating the workflow.
In January 2022, Energy Design systems launched EDS, which is a suite of solutions and services that can be used for load calculations and home energy audits.
In December 2021, Motili announced an integration with Yardi. This integration will mean Motili will take advantage of Yardi voyager’s web-based HVAC software solution with mobile access, integrated end-to-end capabilities, and the capacity for management of larger portfolios that will automate workflow, increase transparency and optimize the services provided.

Key Players

Daikin
Johnson Controls
LG Electronics
Carrier
Trane Technologies
Emerson
Honeywell
Mitsubishi Electric
Samsung
Nortek
Codefied Inc.
Dataforma Inc.
Fergus Software Limited
FieldEdge
GorillaDesk

More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the HVAC Software Market, presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in HVAC Software Market in terms of Deployment (Cloud-based Deployment, On-Premise Deployment), Industry (Large enterprises, Small and Medium enterprises), across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

Key HVAC Segments Covered In HVAC Software Industry Survey

HVAC Software Market by Deployment:

Cloud-Based HVAC Software
Web-based HVAC Software

HVAC Software Market by Enterprise Size:

Large Enterprises
Small and Medium Enterprises

HVAC Software Market by Region:

North America HVAC Software Market
Latin America HVAC Software Market
Europe HVAC Software Market
Asia Pacific HVAC Software Market
Middle East & Africa HVAC Software Market

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Help Desk Software Market is Expected to Reach a Strong Valuation of USD 26.8 Billion by 2032 | Future Market Insights, Inc.

Global Help Desk Software Market was valued at USD 10.9 Billion in 2022 and is expected to reach USD 26.8 Billion by 2032, finds Future Market Insights (FMI) in a recent market survey. As per the findings of the report, cloud-based help desk software will remain pivotal for the market as the bulk of revenue will be generated through this category.

Large Industries to continue being Growth Axis for Help Desk Software Revenue

Large enterprises can both afford to automate and have a much greater need to automate their help desk systems owing to the significantly larger number of tickets. They represent a significant chunk of help desk software consumers.

Help desk software revenue through large enterprises grew at a CAGR of 2015-2021 9.0%, while during the forecast period it is predicted to grow at 8.1%. Small and medium sized industries also show growth potential as they move to adopt help desk software in an attempt to boost consumer satisfaction, drawn by the scalability and ease of adaption.

Find Out More—Read the Complete Report for Full Insights!

COVID-19 Pandemic and the increase in BYOD to raise requirements for Help Desk Software

COVID-19 pandemic has led to a rise in ticket generation by employees as offices shifted to hybrid forms of work. This, as well as the increasing prevalence of BYOD systems, led to an overall increase in the number of tickers generated, causing a lack of efficiency and slower response times. Firms attempting to minimize these issues seek to replace level one support with automated helpdesks.

North America to Command the Larger Proportion of Demand for Help Desk Software throughout the Analysis Period

North America leads the help desk software demand with 41.5% share in 2021 and a projected market size of USD 11.1 Bn in 2032, which is largely owing to a large number of companies as well as growing demand from government agencies for help desk software. The market in North America is projected to grow at a CAGR of 9.4% during the forecast period.

“Help desk software providers are closely working on harnessing new technologies such as machine learning through which helpdesks can be trained to auto-approve and suggest solutions such as updates based on past incidents.” comments an analyst at Future Market Insights.

Help Desk Software Market: Competition Insights

Currently, help desk software providers are focused on increasing their presence and reach. They are focusing on developments that will ensure further streamlining of customer experience processes and an increase in market share and traction.

Some of the recent development in Help Desk Software are as follows:

In August 2021 Freshworks filed for an IPO in the US to raise USD 100 Mn on the Nasdaq Global Select Market under the symbol FRSH.
In August 2020, Hiver entered the helpdesk software market. Hiver’s solutions became the first customer service solution to operate out of G-Suite and offer helpdesk capabilities along with Gmail
In June 2020, Salesforce’s venture capital invested in Tanium with plans to roll out a joint employee service management solution whose features will include, amongst others, a one-stop help desk for its employees
Similarly, recent developments related to companies manufacturing Help Desk Software have been tracked by the team at Future Market Insights, which is available in the full report.

Key Players

Column Technologies,
Sparkcentral
Watermelon
Smart Tribune
Zendesk
Freshworks Inc.
FrontApp
Zoho Corporation Pvt. Ltd.
Wrike, Inc.
Vision Helpdesk
Teamwork.com Ltd.
Help Desk Migration
Apptivo Inc
Quick Base
Deskero
BMC Software, Inc.
SherpaDesk
Samanage Ltd.
TeamSupport
Jira Service Desk

More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Help Desk Software Market, presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in Help Desk Software Market in terms of Type (Cloud-based, Web-based), By Industry (Large enterprises, Small and Medium enterprises) across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

Key Segments Covered In Help Desk Software Industry Survey

Help Desk Software Market by Type:

Cloud-Based Helpdesk Software
Web-based Helpdesk Software

Help Desk Software Market by Industry:

Help Desk Software for Large Enterprises
Help Desk Software for Small and Medium Enterprises

Help Desk Software Market by Region:

North America Help Desk Software Market
Latin America Help Desk Software Market
Europe Help Desk Software Market
Asia Pacific Help Desk Software Market
Middle East & Africa Help Desk Software Market

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us: