Market Research Blog – Page 1237 – New Product Development

Global Industrial Motors Market to Reach US$ 917.3 Million by 2032, Projected to Grow at a CAGR of 3.5%

The global industrial motors market size is set to experience steady growth over the next several years, according to a new report by Future Market Insights. The report projects a compound annual growth rate (CAGR) of 3.5% from 2022 to 2032, driven by increased demand for industrial automation and the growing need for energy-efficient motors.

The industrial motors market is experiencing significant growth, driven by the rapid industrialization and automation trends across various sectors such as manufacturing, energy, and transportation. Industrial motors are crucial components in powering machinery and equipment, making them indispensable in modern production processes. The market is characterized by a shift towards energy-efficient motors, such as IE3 and IE4, which comply with stringent environmental regulations and help reduce operational costs. Additionally, the rise of Industry 4.0 is pushing for smart and connected motors that enhance productivity through predictive maintenance and real-time monitoring.

Demand Dynamics: The demand for industrial motors is bolstered by the expansion of infrastructure projects, particularly in emerging economies where urbanization is accelerating. Sectors such as oil & gas, mining, and water treatment are also driving demand due to their reliance on robust and reliable motor systems. Furthermore, the increasing focus on renewable energy sources is creating new opportunities for specialized motors in wind turbines and solar power installations. As industries continue to prioritize efficiency and sustainability, the adoption of advanced motor technologies is expected to rise, solidifying the market’s growth trajectory.

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Key Points of the Industrial Motors Market

 Global Market Valuation: The industrial motors market was valued at US$ 653.0 million in 2022, highlighting its significant economic impact.

 Steady Growth Forecast: The demand for industrial motors is expected to grow at a steady CAGR of 3.5% from 2022 to 2032.

 India’s Robust Expansion: In India, the market is poised for rapid growth, with a projected CAGR of 5.4% over the next decade.

 China’s Market Momentum: China’s industrial motors market by volume is set to expand at a strong CAGR of 4.1% from 2022 to 2032.

 Dominant Market Players: Leading companies like ABB Group, Siemens AG, and Hyundai Electric Co. Ltd. control 70% to 80% of the global industrial motors market.

 Future Market Outlook: With consistent growth across key regions, the global industrial motors market is positioned for long-term development and innovation.

“The market for industrial motors is predicted to expand rapidly due to increasing demand for innovative and energy efficient products across industries. Rising automation and digitalization in a variety of end use sectors are driving demand. Industry participants are investing in strategic alliances, expansions, and cost effective solutions to obtain a competitive advantage.” Says an FMI analyst.

Who is Winning?

Some of the key players in the industrial motors market identified by the report include ABB Ltd., Siemens AG, Nidec Corporation, WEG SA, and General Electric Company. These companies are focusing on research and development activities to develop advanced and energy-efficient motors to cater to the growing demand from various industries.

Overall, the report suggests that the industrial motors market is set to experience steady growth over the next several years, driven by increasing demand for automation and energy-efficient solutions in various industries. The Asia-Pacific region is expected to see the highest growth rate during this period, due to the expanding manufacturing sector and increasing infrastructure investments.

Top 10 Key Players in the Industrial Motors Market

General Electric Rotronic AG
Hitachi Ltd.
Nidec Corporation
WEG SA
Siemens AG
ABB Ltd.
Regal Rexnord Corporation
Toshiba Corporation
Hyosung Corporation
Bonfiglioli Riduttori S.p.A.

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the global industrial motors market, presenting historical demand data (2017 to 2021) and forecast statistics for the period from 2022 to 2032.

The study divulges compelling insights on the industrial motors market based on product type (AC Motors, DC Motors), power output (1 to 5 MW, 5 to 10 MW, 10 to 15 MW, 15 to 20 MW, 20 to 25 MW), and end use (oil & gas, energy, mining, cement, metal and steel, pulp and paper, chemical, water and wastewater, marine) across seven key regions.

Global Industrial Motors Market by Category

By Power Output:

1 to 5 MW
5 to 10 MW
10 to 15 MW
15 to 20 MW
20 to 25 MW

By Product Type:

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

By End Use:

Oil & Gas
Energy
Mining
Cement
Metal and Steel
Pulp and Paper
Chemical
Water and Wastewater
Marine

By Region:

North America
Latin America
Europe
East Asia
South Asia Pacific
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
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

Global System on Module Market Set to Reach US$ 4.65 Billion by 2033, with Anticipated CAGR of 15%

The System on Module (SoM) Market is experiencing rapid growth driven by urbanization, digitization, and the increasing online presence of businesses and individuals. As advanced Artificial Intelligence technology gains traction, the demand for SoM is skyrocketing. This surge is particularly evident in the consumer electronics sector, where smartphones, laptops, tablets, and computers are constantly pushing the boundaries of performance.

The system on modules market is expected to be worth US$ 1.15 billion in 2023, rising to US$ 4.65 billion by 2033. The market is expected to grow at a CAGR of 15% during the forecast period.

Urbanization, digitization, online presence, and the adoption of advanced Artificial Intelligence technology are driving the growing demand for system on module. Improving the performance of consumer electronics such as smartphones, laptops, tablets, and computers is propelling the market forward. Electronic manufacturers design a chipboard in the system to perform specific tasks, increasing the demand for system on module.

The advancement of 5G, the Internet of Things, and other advanced technologies drives market growth. Several end-use industries are increasing their use of system on module, including transportation, medicine, industrial automation, and entertainment. The growing demand for high accuracy, advanced memory, and a low risk of system errors is driving the adoption of system on module.

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The market opportunities are flourishing for automobile manufacturers developing advanced autonomous vehicles with machine learning and sensor technologies. Growing demand for embedded systems and cloud-based technologies are increasing the sales of system on module. Wearable and wireless device innovation, such as smartwatches, is fueling market growth. The use of industrial robots and machine learning technology expands the market.

Key Takeaways:

The system on module market is expected to have a valuation of US$ 4.65 billion by 2033.
With a CAGR of 15%, the global market is expected to increase from 2023 to 2033.
The United States system on module market is anticipated to secure a maximum share through 2033.
In the historical period, the market secured a CAGR of 14.1% between 2017 and 2022.
In the historical period, the market captured US$ 1.01 billion between 2017 and 2022.

Who is Winning?

The prominent vendors are the leading players in the market that invest a vast amount in acquiring maximum profits. These focus on consumers’ expectations and developing better innovative products that satisfy their requirements. The players are adopting several marketing tactics with advanced technologies to achieve their goals in the global market.

Marketers are developing several advanced devices for end-use industries to reduce workloads and labor work. They are expanding their business to another height through their marketing skills, ideas, and research & development activities. These marketing tactics are mergers, product launches, acquisitions, partnerships, and collaborations.

Other Prominent Players in the Market are:

Advantech Co Ltd.
ConnetTech Inc.
AAEON Technology
Avnet Inc.
EMAC Inc.
Avalue Technology
Axiomtek Co. Ltd.
Eurotech Inc.
National Instruments
SECO S.P.A.
VIV Technologies Inc.
Kontron ST & G
Phytec
Microchip Technology
Emac Inc.
Unex Technology
Digi International Inc.
Variscite

Recent Developments in the Market are:

In October 2021, Seco announced its acquisition with Garz and Fricke Group to expand its strength in the European market.
In September 2021, TechNexion announced its partnership with Emteria for developing and uplifting embedded products on the Android operating system.
In 2022, SiFive partnered with BrainChip to design optimized chips with machine learning and Artificial Intelligence technologies for computing edge.
In 2020, e2-s and SoMLabs collaborated on custom design products based on SOMs.

Market by Category

By Product:

Power Architecture
ARM Architecture
x86 Architecture

By Application:

Medical
Transportation
Industrial Automation
Entertainment
Test & Measures

By Standard:

SMARC
Qseven
COMExpress

By Region:

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

About Us

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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:

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
Browse latest Market Reports: https://www.futuremarketinsights.com/reports

Global Screw Conveyor Market Growth: Projected to Surpass US$ 1.4 Billion by 2032 with a 4.8% CAGR

According to Future Market Insights, global screw conveyor sales are expected to reach around US$ 884.2 million in 2022. Over the forecast period 2022 to 2032, the overall market size is expected to grow at a 4.8% CAGR, surpassing US$ 1,416.3 million by the end of 2032.

The increasing use of screw conveyors in various industries such as food and beverage, pharmaceutical, and mining and metallurgy is driving growth in the global screw conveyor market. Screw conveyors are pieces of equipment that are used to transport or move bulk materials from one stage of a process to another. Adoption of these machines has significantly increased overall productivity in industries. As a result, they are increasingly being used in a variety of industries.

Screw conveyors are commonly used to mix raw materials and transport material from one workstation to another in food and beverage processing plants. To ensure the safe movement of raw ingredients during the manufacturing process, food and beverage industries that use a high proportion of powdered ingredients require an automated conveying system.

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Screw conveyors are commonly employed by firms involved in the processing of food powders, raw materials, ready-to-eat foods, beverages, and dairy products. Hence, rising demand for these products will eventually elevate screw conveyor demand over the forecast period.

Similarly, increasing mining and agricultural activities, rapid growth of pharmaceutical industry, and rising export of conveying systems are expected to boost the global screw conveyor industry duirng the projection period.

Screw conveyors are widely used in the powder and raw ingredient processing industries, and the pharmaceutical industry frequently demands excipients (medicated powder formulations) for capsule or tablet formulations. Thus, expansion of pharmaceutical sector will create lucrative opportunities for screw conveyor manufacturers over the projection period.

Key Takeaways from Screw Conveyor Market Study

During the forecast period (2022 to 2032), the screw conveyor market will expand at a CAGR of 4.8%.
By product type, horizontal screw conveyor is estimated to account for over 44% share of the global market in 2022.
Based on end use, the food and beverages segment will dominate the market, creating an incremental opportunity of about US$ 103.8 Mn between 2022 and 2032.
Amid high penetration of automation, North America’s screw conveyor market is expected to expand at a CAGR of 4.5% during the assessment period.
Screw conveyor demand in China is poised to increase at a CAGR of 5.2% from 2022 to 2032.
Germany is anticipated to hold around 35% of market value share in Europe market over the forecast period.

“The ever-expanding end-use industries such as agriculture, mining, and so on, both in developed and emerging nations, are expected to drive the expansion of the screw conveyors market over the forecast period. Besides this, the growing usage of automated production lines across various sectors will fuel screw conveyor sales,” says a lead FMI analyst.

Who is winning?

The Screw Conveyor market is highly fragmented with the global player acquiring around 10% to 15% of the market share. Key players in this industry include Martin Sprocket & Gear, Inc., BEUMER Group GmbH & Co. KG, Flexicon Corporation, Screw Conveyor Corporation, Vecoplan AG, Conveyors, Inc., KWS Manufacturing Company Ltd., VAC-U-MAX and Others.

Find More Valuable Insights

The research report analyzes the demand for Screw Conveyors. The global Screw Conveyor market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends, and market background. The market has been analyzed based on product type, rotation capacity, end use, and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both supply-side and demand factors.

About Future Market Insights – Industrial Automation

The Industrial Automation division of Future Market Insights offers a novel approach and innovative perspective in analyzing the industrial automation market. Comprehensive coverage of capital, portable, process, construction, industrial, and special-purpose machinery across the manufacturing sector and distinctive analysis of the installed base, consumables, replacement, and USP-feature-application matrix make us a pioneering voice in the industry. We are preferred associates with established as well as budding industry stakeholders and channel partners when it comes to sustaining, growing, and identifying new revenue prospects.

Global Screw Conveyor Industry by Category

By Product Type:

Horizontal Screw Conveyor
Inclined Screw Conveyor
Vertical Screw Conveyor
Shafted Screw Conveyor
Shaft-less Screw Conveyor

By Rotation Capacity:

Less than 45 RPM
45-105 RPM
105-165 RPM
Greater than 165 RPM

By End Use:

Mining and Metallurgy
Agriculture
Food and Beverage
Chemical
Pharmaceutical
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia Pacific
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 is 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

Polymer Seals Market Insights: Rising at a 5.1% CAGR by 2032, Projected Value of US$ 18.7 Billion

The global Polymer Seals Market is anticipated to be worth US$ 11.3 billion by 2022. According to Future Market Insights (FMI), the market will develop at a 5.1% CAGR from 2022 to 2032. Polymer seals are utilised in many sectors, including as oil & gas, aviation, aerospace, and cars.

Polymer seals outperform traditional sealants in high temperature and corrosion resistance, both of which are key needs in all of these sectors. Between 2022 and 2032, these features are predicted to stimulate demand for polymer seals. All sectors that employ polymer seals, according to FMI, will likely accelerate in the next years, driving the polymer seals industry ahead.

Increasing defense budgets of governments are also expected in the coming years, which should generate further demand for polymer seals. For instance, the governments of India and China have been observed to increase their spending on defense in recent years, particularly for upgrading their respective air forces by investing in latest military-grade air crafts and fighter jets. Owing to the tense geopolitical climate in the region, the spending is set to rise in the near future and result in accelerating polymer seal sales.

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FMI also predicts the emergence of certain market restraints from 2022 to 2032. These restraints are likely to stem from the fact that sealant production causes significant pollution. Small scale consumers are also poised to choose polymer seal substitutes due to the high expenses associated with polymer seals.

Key Takeaways from the Polymer Seals Market Study

By material type, the polyurethane (PU) segment is anticipated to witness considerable demand growth at 9%CAGR from 2022 to 2032.
By product type, the sales of hydraulic and pneumatic seals are projected to expand at a CAGR of 6%.
By region, Europe is anticipated to witness substantial growth in the polymer seals market due to lucrative markets in Germany, Italy, and the United Kingdom.
India and China markets are anticipated to emerge as prominent polymer seals markets in Asia and register 9%and 0% CAGR, respectively.
By end use, transportation equipment was estimated to hold a prominent volume share of 4%in 2022.

Who is Winning?

Key players in the Polymer Seals include Freund Corp, Rotronic AG, Neu-tec Group Inc, Meter Group, Freund Corp., Novasina AG, Biobase Group, Labtron Equipment Ltd, Steroglass Srl, CapPlus Technologies, EDUTEK INSTRUMENTATION, MRC-Laboratory Equipment, and Awtester & Wisdom Instrument.

To gain a competitive advantage in the industry, key manufacturers are developing innovative polymer seal products. Market players are also heavily investing in expansion, mergers, acquisitions, and strategic partnerships to expand their global footprints.

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the global polymer seals market, presenting historical demand data (2017 to 2021) and forecast statistics for the period from 2022 to 2032. The study divulges compelling insights on the polymer seals market based on material type (polyurethane (PU), acrylonitrile-butadiene-rubber (NBR), fluoro-rubber (FKM), polytetrafluoroethylene (PTFE)), product type (hydraulic and pneumatic seals, rotary seals, spring energised seals), end use (transportation equipment, industrial machinery and equipment, electronic apparatus and appliances, healthcare, oil and gas extraction, construction infrastructure and utilities, MRO, other manufacturing and assembly), and distribution channel (OEM, aftermarket) across seven key regions.

About Industrial Automation Division at Future Market Insights

The industrial automation team at Future Market Insights offers a novel approach and innovative perspective in analyzing the industrial automation market. Comprehensive coverage of capital, portable, process, construction, industrial and special purpose machinery across manufacturing sector and distinctive analysis about installed base, consumables, replacement, USP-feature-application matrix make us a pioneering voice in the industry. We are preferred associates with established as well as budding industry stakeholders and channel partners when it comes to sustain, grow and identify new revenue prospects.

Global Polymer Seals Market by Category

By Material Type:

Polyurethane (PU)
Acrylonitrile-butadiene-rubber (NBR)
Fluoro-rubber (FKM)
Polytetrafluoroethylene (PTFE)

By Product Type:

Hydraulic and Pneumatic seals
Rotary Seals
Spring Energized Seals

By End Use:

Transportation Equipment
- Automotive and Components
- Aircraft and Components
- Railroad Equipment
- Marine Transportation and Components
Industrial Machinery and Equipment
Electronic Apparatus and Appliances
Healthcare
- Medical Devices and Component Manufacturing
- Surgical Tool manufacturing
Oil and Gas Extraction
Construction Infrastructure and Utilities
MRO, Other Manufacturing, and Assembly

By Distribution Channel:

OEM
Aftermarket

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:

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

Global Cardiac Assist Devices Market Expected to Reach US$ 2.48 Billion by 2033, Growing at 6.1% CAGR

The global cardiac assist devices market is projected to exceed USD 1.37 billion by 2023, with an impressive compound annual growth rate (CAGR) of 6.1% anticipated through 2033, ultimately reaching USD 2.48 billion.

This impressive growth is fueled by increasing prevalence of cardiovascular diseases and advancements in cardiac assist technology. Cardiac assist devices, including ventricular assist devices (VADs) and intra-aortic balloon pumps (IABPs), are becoming essential tools in managing heart failure and other severe cardiac conditions, providing critical support to patients with compromised cardiac function.

The market’s expansion is supported by ongoing innovations aimed at improving device performance, patient outcomes, and ease of use. Technological advancements and an increased focus on personalized healthcare solutions are contributing to the rising adoption of cardiac assist devices.

This anticipated growth highlights the increasing need for innovative cardiac assist solutions to address the rising prevalence of heart-related conditions and improve patient outcomes. The market expansion is fueled by advancements in device technology, growing adoption of cardiac assist devices in clinical settings, and ongoing research and development efforts.

It will take continual research and development to improve device safety and reduce complications in order to address these issues.
The industry for cardiac assist devices is anticipated to keep growing. Technological developments together with rising knowledge and use of less intrusive remedies should propel market expansion.
The creation of individualized and customized equipment suited to each patient’s requirements enhances results and patient satisfaction.

Key Takeaways:

The cardiac assist devices industry is anticipated to expand at a rate of 6.4% from 2023 to 2033 in the United Kingdom.
In 2022, the market for cardiac assist devices in Germany held an 11.2% share globally.
Ventricular assist devices are likely to dominate the market by drug class, accounting for around 62.49% share in 2022.
The hospital pharmacies sub-segment, in terms of end-user, is predicted to maintain a value share of 79.8% in 2022.
The cardiac assist devices industry in India is forecasted to advance at a CAGR of 5.1% during the forecast period.

How is the Competitive Landscape in the Cardiac Assist Devices Industry Structured?

As per FMI’s analysis, continuous innovation and gradation in cardiac assist devices have led to intense competition among top market players.

Key players are focusing on new product launches and gaining approvals from regulatory bodies to stay in the competition. Nearly 75% of the global market share is accounted for by the top 7 players operating in the cardiac assist devices market.

Organizations are also adopting winning strategies such as collaborations and mergers among key players. These strategies are also adopted by regional players to gain a leading position in the industry.

Key Players Operating in the Market

Terumo Corporation
Medtronic PLC
Abbott Laboratories
Abiomed Inc.
Teleflex Incorporated
Maquet GmbH
BerlinHeart GmbH
Others

Developments in the Market:

In June 2021, Abbott Laboratories announced that the company can support the expanded use of a mechanical circulatory support device, HEARTMATE 3™ Heart Pump, for the effective treatment of heart failure.
In February 2021, CARMAT, the leading designer and developer of the world’s most advanced artificial heart, received approval from the United States of America Food and Drugs Administration (FDA) to use the new version of its artificial heart in the US Early Feasibility Study (EFS).

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Market by Category:

By Product Type:

Ventricular Assist Devices (VAD)
- Left Ventricular Assist Device (LVAD)
- Right Ventricular Assist Device (RVAD)
- Biventricular Assist Device (BIVAD)
- External Ventricular Assist Devices
Intra-Aortic Balloon Pump

By Modality Type:

Transcutaneous
Implantable

By End User:

Hospital
Ambulatory Surgical Centers

By Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific Excluding Japan (APEJ)
Japan
The Middle East & 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 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

Tea-Based Skin Care Products Market projected to reach USD 1,300 million by 2033

The tea-based skin care products market is set to witness impressive growth over the next decade. Valued at USD 582.8 million in 2023, the market is projected to reach US$ 1,300 million by 2033, advancing at a CAGR of 8.3% during the forecast period. This growth highlights the increasing consumer preference for natural, antioxidant-rich products that promote healthy skin.

Key Factors Driving the Growth of Tea-Based Skin Care

Rising Popularity of Natural Ingredients
Consumers are increasingly turning toward natural and plant-based ingredients in skincare, and tea, known for its antioxidant and anti-inflammatory properties, fits perfectly into this trend. Tea extracts, including green tea, white tea, and black tea, are gaining traction as they help protect the skin from environmental damage and premature aging.
Anti-Aging Benefits
Tea-based skincare products are widely recognized for their anti-aging benefits. Rich in polyphenols, catechins, and vitamins, tea extracts combat free radicals, reduce inflammation, and improve skin elasticity. These properties make tea a sought-after ingredient in products aimed at reducing fine lines, wrinkles, and other signs of aging.
Increased Awareness of Skin Health
With a growing emphasis on health and wellness, consumers are more aware of the importance of taking care of their skin. Tea-based products provide gentle, effective solutions for those looking to maintain youthful, healthy skin without harsh chemicals. This shift towards healthier skincare routines is contributing to the rising demand for tea-based formulations.
Sustainability and Clean Beauty Movement
The clean beauty movement, which prioritizes eco-friendly, cruelty-free, and sustainable products, is pushing brands to incorporate ingredients like tea extracts into their formulations. As consumers seek out ethical products, tea-based skincare—often derived from renewable sources—aligns with these values, making it a popular choice.
Innovative Product Offerings
The tea-based skincare market has expanded beyond traditional face creams and masks to include a wide range of innovative products, such as serums, toners, and facial mists. This product diversification is making it easier for consumers to incorporate tea-based ingredients into their daily skincare routines, further driving market growth.

Regional Market Insights

North America and Europe are currently leading the demand for tea-based skincare products, driven by the growing preference for clean, natural beauty solutions. Meanwhile, Asia-Pacific is also a strong market due to its rich cultural history of using tea in skincare and the rising popularity of Korean and Japanese beauty trends that often feature tea extracts.

Challenges Facing the Market

Despite the optimistic outlook, the tea-based skincare market does face challenges, including intense competition from other natural skincare ingredients like aloe vera and coconut oil. Additionally, the premium pricing of some tea-based products may limit their adoption among price-sensitive consumers.

Future Outlook

Looking ahead, the tea-based skin care products market is expected to continue flourishing, thanks to rising consumer awareness of the benefits of natural skincare, ongoing product innovation, and the global push towards sustainability. With an anticipated market size of USD 1,300 million by 2033, tea-based skincare will likely remain a key player in the broader natural beauty market.

Market Segmentation

By Product Type:

Creams & Lotions
Serums
Face Packs/Masks
Cleansers
Other Skincare Products

By Tea Type:

Black Tea
Green Tea
Others

By Skin Type:

Dry
Combination
Normal
Sensitive
Oily

By Sales Channel:

Direct Selling
Specialty Outlets
Supermarkets/Hypermarkets
Convenience Stores
Beauty Stores
E-Retailers
Other Sales Channel

By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia
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 FMI:  

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

Dry Powder Inhaler Market Projected to Reach USD 29.95 Billion by 2034, Growing at 3.7% CAGR

The global dry powder inhaler market is poised for significant growth, with an estimated value of USD 20.83 billion in 2024. The market is expected to expand further, reaching approximately USD 29.95 billion by 2034, reflecting a compound annual growth rate (CAGR) of 3.70% during the forecast period.

This growth is driven by the increasing prevalence of respiratory diseases, such as asthma and chronic obstructive pulmonary disease (COPD), and the rising demand for efficient and user-friendly inhalation therapies. Dry powder inhalers are gaining popularity due to their ease of use, portability, and ability to deliver medication effectively to the lungs.

This anticipated growth underscores the increasing demand for effective respiratory treatment solutions, driven by rising prevalence of chronic respiratory conditions and advancements in inhaler technology. Dry powder inhalers have become a crucial component in managing diseases such as asthma and chronic obstructive pulmonary disease (COPD), offering patients a convenient and efficient method for drug delivery.

The DPI market’s expansion is fueled by continuous innovations in inhaler design and formulation, aimed at improving patient adherence and therapeutic outcomes. Enhanced features, such as improved drug delivery mechanisms and user-friendly designs, are contributing to the market’s upward trajectory.

This growth trajectory reflects the increasing adoption of dry powder inhalers as a preferred method for delivering respiratory medications. The market’s expansion is supported by ongoing advancements in DPI technology, improved patient compliance, and the rising prevalence of respiratory conditions.

hallenges Regarding Varying Characteristics of Dry Powder Inhalers to Pave Opportunities for Medical Device Manufacturers

Regulatory pressures and changes in the drug delivery market have driven the innovation of the dry powder inhaler forward.

According to the World Health Organization (WHO), nearly 300 million people worldwide are affected by asthma, and approximately 240 Mn by chronic obstructive pulmonary disease (COPD).

Over half of these patients combined prefer the use of dry powder inhalers for the treatment of their disease.

These devices have depicted great potential in effective and reliable drug delivery, with novel designs ensuring the possibility to overcome future compliance, cost, and safety challenges.

Some of the essential performance characteristics regarding dry powder inhalers are associated with dose delivery, performances at varying airflows, and fine particle fraction content.

These characteristics may vary for powder formulations, creating the need for fine-tuning of the device or powder formulation or both combined for achieving optimal performance.

The requirement is particularly high in micro-dosing dry powder inhalers, which in turn is paving opportunities for medical device manufacturers in terms of innovations and advancements.

Growing adoption of unhealthy lifestyles, increasing geriatric population, and growing air pollution levels fuelling the prevalence of various respiratory disorders are key factors driving the expansion of the global powder inhaler market.

In addition, favorable government initiatives being taken across the globe to improve the healthcare infrastructure will further influence the market growth.

However, the fact that dry powder inhalers are not moisture-resistant remains a major challenge for manufacturers, as the medicine loses its properties when it comes in contact with moisture.

The availability of effective alternatives such as nebulizers and electric pumps is expected to restrain the adoption of dry powder inhalers.

Lack of awareness regarding these devices in low-income & underdeveloped countries may further hinder the market growth to a certain extent.

Key Research Findings from FMI’s Report on the Dry Powder Inhaler Market

The dry powder inhaler market is a sizeable and established industry, exceeding US$20 billion in 2024.
The market is anticipated to witness consistent growth, with a projected CAGR of 3.70% over the next decade.
This translates to a market value surpassing US$29.95 billion by 2034, indicating potential for stakeholders.

Leading companies in the Global Dry Powder Inhaler Industry are focusing on the development of new-generation products.

These market players are making huge investments in R&D activities associated with novel device architectures, particle engineering, and powder formulations.

Key Segments Covered In Dry Powder Inhaler Market Research

By Product:

Single Dose Dry Powder Inhalers
Multi-Dose Dry Powder Inhalers

By Indication:

Asthma
Chronic Obstructive Pulmonary Disease (COPD)
Pulmonary Arterial Hypertension
Diabetes
Cystic Fibrosis

By Function:

Manually Operated Inhaler Devices
Digitally Operated Inhaler Devices

By End User:

Institutional Sales
- Hospital Pharmacies
- Cancer Research
- Office-based Speciality Clinics
Retail Sales
- Retail Pharmacies
- Drug Stores
Mail Order Pharmacies

Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges clients face and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

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
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Global Cervical Pillow Market Expected to Reach USD 2,168.1 Million by 2034, Growing at 5.4% CAGR

The global cervical pillow market is projected to reach USD 1,281.4 million in 2024, with expectations to grow to USD 2,168.1 million by 2034. This growth is fueled by the rising prevalence of cervical and back pain issues, which has led to increased investment in the development of innovative and ergonomic bedding products.

As consumer awareness of the importance of proper sleep posture grows, the demand for high-quality cervical pillows is on the rise. The industry is forecasted to achieve a compound annual growth rate (CAGR) of 5.4% through 2034, reflecting significant advancements in product design and materials that enhance comfort and support.

The surge in market value is driven by the rising prevalence of cervical and back pain issues, which has spurred increased investment in the development of innovative bedding products. As consumers become more aware of the health benefits associated with cervical pillows, there is a growing emphasis on ergonomically designed products that offer superior support and comfort.

The cervical pillow market’s growth is also supported by ongoing advancements in materials and technology, which contribute to the creation of highly effective solutions tailored to individual needs. Manufacturers are focusing on integrating cutting-edge designs and materials to enhance the therapeutic benefits of cervical pillows, further fueling market expansion.

Notably, water-based Cervical Pillows are anticipated to gain significant traction in the upcoming forecast period. This can be attributed to their soothing benefits for individuals with neck injuries, and this trend is expected to persist throughout the forecast period.

At the same time, the fact that the majority of people are neglecting cervical pain can’t be ignored. This factor could restrain the Cervical Pillows market in the forecast period.

In its latest market study entitled ‘Global Cervical Pillows Industry’, Future Market Insights has entailed these facts with future prospects. It has its team of analysts and consultants to look through the bottom-up approach in its primary, secondary, and tertiary modes of research.

“With the improvement of quality of sleep being the top priority, the global Cervical Pillows market is expected to grow on a substantial note in the forecast period”, says an analyst from Future Market Insights.

Key Takeaways from the Cervical Pillows Market

North America holds a significant market share. This could be attributed to several factors like increasing hours at the office that results in stress in the neck along with inappropriate sitting positions. Practical Pain Management, in 2020, published an article stating that neck pain has a yearly prevalence rate in more than 30% of adults in the US.
Europe is expected to grow on the back of factors like an increase in healthcare spending by the government. It’s a known fact that rising cases of obesity due to physical inactivity are a cause of concern. It has also been observed that cervical spondylosis is more prevalent in suburbs (~15%) as compared to rural and urban areas (~12.25% and ~13%).
The Asia-Pacific is expected to be amongst the quickest-growing regions in the forecast period. This could be reasoned with growing incidences of chronic and acute neck pain owing to the usage of inappropriate pillows, poor sitting postures, and long working hours.
The rest of the world is catalyzed by advancements regarding raw material used or orthopedic or Cervical Pillows along with neck pain being rampant.

Competitively Cervical Pillows

Osteo, in October 2021, did announce launching its series of comfortable soft Cervical Pillows. They have thus designed Button Cervical Pillow and Contour Memory Foam Pillow to provide extra support to the head and neck for aligning with the spine properly.
Sleepsia, in March 2021, did announce launching its new series of Cervical Pillows. The major objective is that of introducing a butterfly design ascertaining appropriate alignment of the spine, neck, and head.
Derila, in June 2022, tabled memory foam pillows for the ones suffering from pain in the shoulders, neck, and back.
Emma, in May 2022, put forth an Emma Go multifunctional neck pillow made from BASF’s flexible foam ‘CosyPUR’. Comfortability is rendered with exceptional breathability and air permeability.
F1F2, in August 2020, floored Matrix Pillow (one of the revolutionary pillows making use of structural displacement for providing perfect head and neck support while doing away with relieving muscle strain and snoring.
Alex Orthopedic, in February 2020, completed the acquisition of Denmark-based Jobri (a manufacturer of ergonomics pillows and products) to render expansion of the former’s portfolio in body and neck pillows.

Cervical Pillows Market Major Players are:

Djo Global
Alex Orthopedic Inc.
Mediflow Inc.
Coop Home Goods
Core Products International Inc.
Innocor Inc.
Lohmann & Rauscher International GmbH & Co. KG
PharMeDoc
Others

A Old Full Report Analysis Click Here

Key Segments of Cervical Pillows Market Survey

by Product Type:

Cradle Pillows
Neck Pillows
Side Pillows
Cervical Rolls
Basic Cervical Pillows

by Material Type:

Foam Pillows
Fibre Filled Pillows
Memory Foam Pillows
Water Filled Pillows
Gas Filled Pillows
Gel Filled Pillows

by Application:

Cervical Spondylosis
Trauma-based Whiplash Recovery
Temporomandibular Disorders

by Distribution Channel:

Hospital Pharmacies
Retail Pharmacies
e-Commerce

Author

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

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

Global Medical Carts Market Projected to Reach USD 2,817.6 Million by 2034, Growing at 9.5% CAGR

The global medical carts market is set for robust growth, with estimated sales valued at USD 1,136.9 million in 2024. The market is projected to expand significantly, reaching approximately USD 2,817.6 million by 2034, reflecting a compound annual growth rate (CAGR) of 9.5% during the forecast period.

In 2023, the revenue generated by medical carts was about USD 1,035.9 million, and the industry is anticipated to exhibit a year-over-year growth of 9.6% in 2024. This growth is driven by the increasing demand for efficient and mobile healthcare solutions in hospitals and clinics, as well as advancements in cart technology that enhance patient care and operational efficiency.

This anticipated growth is driven by increasing demand for advanced medical carts in healthcare settings, attributed to their crucial role in enhancing patient care, improving workflow efficiency, and supporting various medical applications.

Medical professionals can use these carts to transport medical supplies and equipment from one patient’s room to another safely and conveniently. According to Future Market Insights, the Global Medical Carts Industry was worth around US$ 859.6 million in 2021.

Medical Carts producers are focused on cutting-edge designs in response to rising demand for enhanced efficiency throughout hospitals. Product innovation and the expansion of hospitals and care centers will benefit the market.

Medical cart sales are predicted to increase as a result of advancements such as upgrading existing product lines, lighter designs, expanded battery capacity, and high versatility. Electronic health records and medical computer carts with built-in software will provide chances for Medical Carts industry participants.

Telemedicine carts have gained popularity as transportable patient care unit solutions as the focus on telehealth solutions has increased. These carts have the potential to improve patient care and safety while also increasing staff efficiency.

For example, Ergotron unveiled a cutting-edge update to their CareFit Pro Medical Carts in August 2021; it was built to grasp emerging workflows and prioritize healthcare professional well-being to drive patient-centered services.

“Rising needs for speed and ease of accessibility of the medical supplies, growing focus on patient safety, nursing efficiency and evolution of advanced technologies are expected to fuel growth in the Global Medical Carts Industry over the forecast period,” says Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.).

Global Medical Carts Industry Key Takeaways:

Unprecedented Growth: The projected CAGR of 9.3% showcases the unprecedented growth trajectory of the medical cart market. This growth is fueled by the ever-growing healthcare needs and the industry’s commitment to embracing cutting-edge solutions.2. Technological Advancements: The future of healthcare lies in technology, and medical carts are at the forefront of this revolution. Integration of advanced features, smart designs, and enhanced mobility options contribute to the surge in demand for these indispensable healthcare tools.3. Enhanced Patient Care: Medical carts play a pivotal role in enhancing patient care by providing healthcare professionals with on-the-go access to critical equipment and patient information. The market’s growth aligns with the industry’s dedication to elevating the overall quality of healthcare services.4. Streamlined Workflows: The market expansion is further driven by the need for streamlined workflows within medical facilities. Medical carts offer a portable and efficient solution for healthcare providers, contributing to improved efficiency and better patient outcomes.

Medical Carts Market Competition Landscape

Key players in the Global Medical Carts Industry are focusing on tapping market potential through adopting mergers & acquisitions strategies. Strategic partnerships, mergers and acquisitions, product-line expansions, and updated product launches are the key approaches implemented by manufacturers to expand their product range and consumer base in developing as well as developed countries. For instance:

In February 2022, Capsa Healthcare acquired Humanscale Healthcare, which enabled the Capsa offerings to be the broadest product suite in the market and expanded its capacity to offer ergonomically personalized point-of-care computing solutions to healthcare associates worldwide.
In September 2021, Ergotron signed an agreement with PT Murni Solusindo Nusantara as the official distributor in Indonesia. This collaboration is aimed at accelerating business transformation.

Medical Carts Market Key Players

Alimed Inc.
Advantech Co. Ltd.
Cybernet Manufacturing, Inc.
Highgrade Tech Co. Ltd.
Cardinal/Detecto Scale
Touchpoint Medical
Others

A Old Full Report Analysis Click Here

Key Market Segments Covered in Medical Carts Market Research

By Product Type:

Emergency Carts
Procedure Cart
Anesthesia Cart
Computer Medical Carts
Specialty Carts
Medication Carts
Others

By Material Type:

Polymer
Steel
Aluminum

By Energy Source:

Powered
Non-powered

By End User:

Hospitals
Specialty Clinics
Ambulatory Surgical Centers
Diagnostic Centers
Rehab Centers
Nursing Homes
Homecare Settings

By Region:

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

Author

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

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

Global Animal Model Market Expected to Reach USD 3,476.8 Million by 2034, Growing at a 6% CAGR

The global animal model market is projected to experience substantial growth, with estimated revenue of approximately USD 1,943.3 million in 2024. The market, driven by the advantages of animal models such as their shorter life cycles, high genotype resemblance, and ease of laboratory testing, is anticipated to expand at a moderate compound annual growth rate (CAGR) of 6% over the next decade. the global animal model industry is anticipated to achieve a valuation of nearly USD 3,476.8 million.

The market is expected to grow due to the need for efficient preclinical models in drug development as well as an increase in research activities, according to the most recent animal model demand analysis report. Animal models are predicted to become much more in demand as long as scientists keep looking for trustworthy and effective ways to test medicinal theories.

Animal models play a crucial role in various stages of drug development, from initial discovery to preclinical and clinical trials. Their use enables researchers to understand biological mechanisms, test the efficacy and safety of potential treatments, and evaluate disease progression and therapeutic interventions.

Key Takeaways from the Animal Model Market Study Report:

The market in North America is expected to account for over 40% of the global market share in 2024, followed by Europe.
The United States creates the most demand for preclinical animal models in North America and is poised to advance further with a 6.7% CAGR through 2034.
Germany is expected to continue to be the most lucrative market for animal models in Europe, exhibiting a growth rate of 8.2% through 2034.
The United Kingdom is another notable market for the use of laboratory animals, which is likely to exhibit a 6.6% CAGR till 2034.
China is the leading supplier of animal models for preclinical research in Asia and is expected to witness a 6.1% CAGR through 2034.

Competitive Landscape for the Animal Model Market Participants:

The competition in the animal model industry is highly concentrated, and many contemporary participants are focused on the rat and mouse model segment. However, the approval and adoption of many other animal species, like pigs or non-human primates, is expected to diversify the market by increasing animal model suppliers.

“Rising demand for biomedical research animals and their increased use in the development of personalized medicine has created new opportunities for existing animal model suppliers. Further, more government support in the form of funding and subsidies for supplying laboratory animals in pharmacological studies has encouraged many start-ups in recent years,” – says a lead analyst at FMI.

Key Players Profiled in the Animal Model Market Report:

Charles River Laboratories International, Inc.
Horizon Discovery Group plc.
The Jackson Laboratory
Taconic Biosciences, Inc.
Genoway SA
Eurofins Scientific SE
Crown Bioscience, Inc.
Envigo CRS SA
Transposagen Biopharmaceuticals, Inc.

A Old Full Report Analysis Click Here

Key Segments Covered by Animal Model Industry Survey Report:

By Species Type:

Rats
Mice
Guinea Pigs
Rabbits
Monkeys
Dogs
Pigs
Cats
Other Species

By Application:

Basic and Applied Research
Drug Discovery and Development
Other Applications

By End User:

Academic & Research Institutions
Pharmaceutical Companies
Biotechnology Companies
Contract Research Organizations (CROs)
Other End Users

By Region:

North America
Latin America
Europe
East Asia
South Asia and 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 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