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Formaldehyde-Free Resin Market Present Scenario and Growth Prospects Highlighted till 2026

The global formaldehyde-free resin is expected to have substantially high growth rate, attributed to growing adhesive industry across the globe. North America accounts for significantly high revenue share in the global formaldehyde-free resin market, attributed to robust marketing and demand for furniture in the region.

Formaldehyde-free resins are the adhesive which replaces traditional urea-formaldehyde glass mat resins and phenol-formaldehyde insulation. They are designed for mineral fiber and fiberglass applications in commercial & industrial and non-woven residential insulation.

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Global Formaldehyde-Free Resin Market Dynamics

The growth of global formaldehyde-free resin market is driven by growing furniture, construction, and adhesive industry. The macroeconomic factor responsible for the growth of global formaldehyde-free resin market is the rapid rate of urbanization, rising disposable income, and regulations over the use of adhesive for furniture.

The advantages of formaldehyde-free resin including be easy-to-use, easy-to-store, reduce emissions of hazardous formaldehyde, and requiring no capital investment for retrofitting also fueling the global formaldehyde-free resin market.

The company providing the formaldehyde-free resin have significantly high opportunity in regions such as North America, Europe, and Asia-Pacific, owing to the significant demand for formaldehyde-free resin with rising demand for the adhesive in the regions.

The formaldehyde-free resin market also has a significant opportunity in Latin America and the Middle East and Africa region as these are the emerging market, attributed to rising disposable income of consumers in these regions.

Global Formaldehyde-Free Resin Market Regional Outlook

Based on the geographies, the global formaldehyde-free resin market is fragmented into seven key regions — North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific except Japan, Japan, and the Middle East & Africa. Among the regions, North America accounts for a significant share of global formaldehyde-free resin market, owing to relatively high-value share of the region in the global furniture market.

Western Europe is followed by North America region in the global formaldehyde-free resin market. The Asia-Pacific except Japan region accounts for significantly high volume share in the global formaldehyde-free resin market, owing to the substantial growth in the furniture industry in the region as a result of growing population.

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Eastern Europe and Japan also accounts for significant value share in the global formaldehyde-free resin market, owing to the significant growth of the adhesive product industry over the forecast period.

The developing economy such as Middle East Africa and Latin America have a moderate opportunity in the global formaldehyde-free resin market, owing to the rapid rate of urbanization.

Overall, the outlook for the global formaldehyde-free resin market will have a positive growth over the forecast period, owing to the increasing demand for the non-hazardous adhesive in end-use industries as an anti-counterfeiting measure.

Global Formaldehyde-Free Resin Market Player

Few players in the global formaldehyde-free resin market include DSM Inc., Georgia-Pacific Chemicals LLC, The Dow Chemical Company, Fraunhofer-Gesellschaft, EGGER GROUP, and NineSigma, Inc.

Global Formaldehyde-Free Resin Market Segmentation

Basically, global formaldehyde-free resin market is segmented on the basis of product type, end-use, and region.

Based on product type, the global formaldehyde-free resin market is segmented into:

Wood Adhesive
Foil Bonding Adhesive
Fiberglass Adhesive
Mineral Fiber Adhesive

Based on end-use, the global formaldehyde-free resin market is segmented into:

Residential Insulation
Commercial and Industrial (C&I) Insulation

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Acetate Salt Market In-Depth Analysis, Growth Strategies and Comprehensive Forecast to 2026

Acetate salt is formed by the combination of acetic acid with an earthy, alkaline, or metallic base. The global acetate salt market is expected to have significant growth rate, attributed to growing pharmaceutical industry across the globe. Asia-Pacific except Japan has substantial growth in the global acetate salt market, attributed to the growing chemical and pharmaceutical industry and increasing population in the region.

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Global Acetate Salt Market Dynamics

The growth of the global acetate salt market is driven by growing pharmaceutical and biotechnology industry and growing water treatment applications. Increasing investment in research and development and increasing demand for protein-based drugs fuelling the global acetate salt market.

However, easy availability of substitutes of acetate salt for similar application restraining the global acetate salt market. The company providing the acetate salt have significantly high opportunity in regions such as Asia-Pacific, Middle East & Africa, and Latin America attributed to the significantly growing industrial economy.

Acetate salt market also has a significant opportunity in the Middle East and Africa region, attributed to growing pharmaceutical industry in GCC region. Whereas, developed regions such as North America and Western Europe have a low scope of capacity expansion due to high land and labor costs, overcapacity, and stringent regulations.

Global Acetate Salt Market Regional Outlook

Based on the geographies, the global acetate salt market is fragmented into seven regions — North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific except Japan, Japan, and the Middle East & Africa. Among the regions, North America accounts for a significant share of the global acetate salt market in terms of value.

Western Europe revenue share is followed by North America region in the global acetate salt market, whereas the growth of the acetate salt market is relatively low than other regions. The Asia-Pacific except Japan region accounts for significantly high volume share in the global acetate salt market with significant growth rate, owing to the rapid growth pharmaceutical and chemical industry in the region particularly in countries such as India and China.

Eastern Europe and Japan also accounts for significant value share in the global acetate salt market. The developing economy such as Middle East Africa and Latin America have a substantial growth in the global acetate salt market, owing to the substantial growth in the pharmaceutical industry over the forecast period. Overall, the outlook for the global acetate salt market will have a positive growth over the forecast period.

Global Acetate Salt Market Player

Few players in the global acetate salt market include Merck Millipore, Solvay, Alfa Aesar, J.M. Loveridge Ltd., Avantor Performance Materials, and Amresco LLC.

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

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Global Acetate Salt Market Segmentation

The global acetate salt market is segmented on the basis of product type, end-user, application, and region. On the basis of product type, the acetate salt market is segmented as calcium acetate salt, tris acetate salt, H-Lys-Lys-betana acetate salt, and others. Among the product type segment, TRIS acetate salt contributes for the significant revenue share over the forecast period in the global acetate salt market. On the basis of end-user, the global acetate salt market is segmented as pharmaceutical and biotechnology companies, chemical companies, academic research institutes, contract research organizations, wherein pharmaceutical and biotechnology companies have significant revenue share and are expected to have substantial growth rate. On the basis of application, the acetate salt market is segmented as pharmaceuticals, waste water treatment, and others. Among the application segment, pharmaceuticals segment contribute for the significant revenue share over the forecast period in the global acetate salt market.

Based on product type, the global acetate salt market is segmented into:

Calcium Acetate Salt
TRIS Acetate Salt
H-Lys-Lys-Betana Acetate Salt
Others

Based on end-user, the global acetate salt market is segmented into:

Pharmaceutical & Biotechnology Companies
Chemical Companies
Academic Research Institutes
Contract Research Organizations

Based on application, the global acetate salt market is segmented into:

Pharmaceuticals
Water Treatment
Others

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Ferrous Fumarate Market Global Analysis, Size, Share, Incredible Growth, Detailed Industry Analysis and Business Prospects By FMI

Furthermore, online forums and magazines related to health & fitness give knowledge about all kinds of diseases and offer details about medicines and precautionary steps related to each. These sources of information act as indirect key growth drivers for global ferrous fumarate market.

According to World Health Organization (WHO), even in developing countries, every second pregnant women and 40% of pre-school children are suffering from anemia. Anemia is caused due to the deficiency of iron in blood, which is a serious and widespread nutritional deficiency disorder all over the world.

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Through several researches and studies, a new way of curing or preventing anemic disorders has been developed. Food fortification is the globally accepted method through which anemia can be wiped away from the globe very effectively.

There are various iron sources available for food fortification in market, for e.g., ferrous fumarate, zinc sulfate, ferrous gluconate, ferrous succinate, and electrolytic iron. Ferrous fumarate is proving to be the most economical and effective medical treatment for iron deficiency among the public.

Ferrous fumarate (C4H2FeO4), often termed as Iron (II) fumarate is the iron salt of fumaric acid. Ferrous fumarate is a reddish orange or reddish brown powder which is commonly used to supplement iron intake.

Ferrous Fumarate Market: Market Dynamics

In today’s world, people are becoming conscious about their weight and cholesterol levels. But the concept of balanced diet seems to disappear faster, resulting in a diet that lacks some vital minerals and vitamins such as iron. Deficiency of iron sources in diet can lead to anemia, which will impact the day-to-day activities and performance negatively.

According to WHO, about two billion people i.e. 30% of world’s population is suffering from anemia and even larger number of people are suffering from iron deficiency. Anemia mostly affects all population group, although it is mostly found among pregnant women and children. Public awareness and government support will drive the growth of ferrous fumarate market in such regions.

The advanced communication technology has provided platform to reach out to a large number of population in the country to keep them conscious about healthy diet by providing health care tips and precaution against severe diseases.

Global population is growing faster and is expected to reach more than eight billion by the end of 2030. Growing population is boosting the demand for food and beverages in the world, which in turn promote the necessity of organized and packaged food and beverages.

Food industry is not only limited to satisfying the hunger of people, but it is also meant to provide vital nutrients through the food humans intake. Furthermore, consumption of ferrous fumarate as iron fortification sources in different food products such as energy powder, food and beverages is fuelling the demand for ferrous fumarate, and in that way the market is expanding unconditionally.

Ferrous Fumarate Market: Region-wise Outlook

Asia Pacific is expected to witness significant growth in ferrous fumarate market. China and India are expected to show growth in production of ferrous fumarate during the forecast period due to availability of raw materials and advanced production facility which are pushing production in Asia Pacific region.

North America is expected to show considerable growth in ferrous fumarate market due to food fortification acceptance from government and consumers.

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Ferrous Fumarate Market: Market Participants

Examples of some of the market participants in the global ferrous fumarate market identified across the value chain include: Hindustan basic drugs, Jost Chemical, P J Chemicals, Ferro Chem, Salvichem, FOODCHEM, Abhishek Organics Private Limited. among others.

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

Ferrous Fumarate Market: Market Segmentation

Global Ferrous Fumarate market can be segmented on the basis of product type, end-use industry & region.

On the basis of product type, Global Ferrous Fumarate market can be segmented as,

Tablet
Capsule
Syrup(suspension )

On the basis of end user industry, Global Ferrous Fumarate market can be segmented as,

Chemical industry
Pharmaceutical industry
Food industry
Healthcare industry
Others

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Naphthalene Derivatives Market Growth, COVID Impact, Trends Analysis Report Forecast to 2026

Naphthalene is the most important member of the class of organic compounds, in which tow benzene rings are fused together in ortho-position. Naphthalene derivatives forms an integral part of process chemicals in many industries, including textile, construction and detergents.

Formaldehyde derivatives of naphthalene, are the most common ones and are also used as a super plasticizer in the construction industry for concrete mixtures. A variegated range of deviates are also being used for paints and coatings.

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Moreover, naphthalene sulfonic acid and Naphthols are prominently used in the textile industry for manufacturing colourful dyes and pigment, which imparts colour to various fabrics. Naphthalene derivatives products are being sold in two different forms, including powder and liquid, of which powder forms the more prominent one, amid logistic ease associated.

Most of the prominent players in the industry are focused on geographical expansion, particularly in the emerging economies, and are also expanding or shifting their manufacturing bases, as per the demand dynamics in the market. The global naphthalene derivatives market is projected to expand with a moderate CAGR over the forecast period of 2016 to 2026.

Global Naphthalene Derivatives Market: Drivers and Restraints

The global naphthalene market is projected to grow at a decent growth rate over the forecast period. This can be primarily attributed to rising demand from the ever growing construction industry, of which naphthalene derivatives such as naphthalene formaldehydes, forms an integral part.

Improving living standards and the rising middle class population, particularly in the Asia Pacific region, results in increasing demand for textiles and fabrics with attractive colours, in turn fuelling direct demand for naphthalene derivatives. Apart from this, gradually rising demand from the agrochemical industry, is also helping driving revenues in the global naphthalene derivatives market

As an industry dependent upon crude oil, raw material price volatility is the prime concern governing revenues and margins for naphthalene derivative players. Moreover, the toxic nature of most naphthalene derivative is also a minor restraint to the global naphthalene derivatives market.

Global Naphthalene Derivatives Market: Region Wise Outlook

The global naphthalene market is segmented into the seven key regions: North America, Latin America, Western Europe, and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA).

Due to rapidly growing construction activities and the rising living standards among the Asian Population in emerging economies such as China and India, demand for naphthalene derivatives in the region is projected to grow the fastest.

Moreover, due to concentration of large number of textile and agrochemical companies in North America and Western Europe, the regions together are anticipated to account for a combined market share of more than 40%. Apart from this, amid rising construction and textile industry in MEA and Latin America, the regions are also anticipated to account for significant growth in consumption of naphthalene derivatives over the forecast period.

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Global Naphthalene Derivatives Market: Key Players

RÜTGERS Group
BASF SE
Huntsman International LLC.
Koppers Inc.
Arkema Group
Evonik Industries AG
Kao Corporation
Cromogenia-Units, S.A
Clariant
Giovanni Bozzetto Spa

Global Naphthalene Derivatives Market: Segmentation

On the basis of form,

Powder
Liquid

On the basis of type,

Naphthalene Sulfonic Acid
SNF
Alkyl Naphthalene Sulfonates
Naphthols
Others

On the basis of end use industry,

Constructions
Agrochemicals
Textiles
Detergents
Paints and Coatings
Others

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Sodium Lauryl Sulphate Market Research Report by Type, Production Technology, Application, Function & Global Forecast to 2026

Sodium Lauryl Sulphate (SLS) is an anionic surfactant with chemical formula, C12(CH2)11SO4Na, a molecule which contains 12 carbon atoms attached to a sulphate group. Sodium Lauryl Sulphate is also known as Sodium Dodecyl Sulphate (SDS) and Sodium dodecanesulphate.

Sodium Lauryl Sulphate is obtained by treating lauryl alcohol with sulphur trioxide gas, oleum/chlorosulphuric acid followed by neutralization with sodium carbonate or sodium hydroxide. Also, it can be obtained from hydrolysis of coconut followed by hydrogenation of the products.

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Sodium Lauryl Sulphate possess amphiphilic properties which are highly desirable to be used in detergents. Also, Sodium Lauryl Sulphate (SLS) is a decent surfactant commonly used in oil stain and residue removal applications.

For example, it is used in high concentrations in industrial products including engine degreasers, floor cleaners, and car wash soaps. Moreover, Sodium Lauryl Sulphate is one the most common ingredients of chemicals used in domestic cleaning, personal hygiene and cosmetic products. It forms enormous lather when combined with water, which enables it to be used in shampoos and soaps and other foam producing products.

Various studies and reports have questioned the usability of Sodium Lauryl Sulphate in cosmetics and personal hygiene products. But, Cosmetic Ingredient Review (CIR) program study revealed that limited use of Sodium Lauryl Sulphate, i.e. not more that 2% in concentration, gave no evidence of carcinogenicity or toxicity.

Moreover, Food and Drugs Administration (FDA) also, approved Sodium Lauryl Sulphate (SLS) and other synonyms as Generally Recognized as Safe (GRAS) product to be used in cosmetics with limited use. Although several cases of side effects of Sodium Lauryl Sulphate have been reported regularly, raising medical concerns.

Sodium Lauryl Sulphate Market: Dynamics

Raising awareness for personal hygiene and increasing use of consumer products which involve SLS is estimated to drive the Sodium Lauryl Sulphate market. Also, changing lifestyle, rapid urbanization and increasing disposable income have led to the increased consumption of cosmetic products in global market which is estimated to boost up the Sodium Lauryl Sulphate market.

The Sodium Lauryl Sulphate (SLS) is broadly used in oral care products such as toothpastes, mouth washes, etc. as it does not impact the taste, but produces better foam, and the significant effect on malodourous breath. Also, enhanced use of Sodium Lauryl Sulphate in domestic cleaning products and personal hygiene products is expected to provide leverage to the global Sodium Lauryl Sulphate market.

Moreover, increasing use of Sodium Lauryl Sulphate in food and beverage production industry as a thickener, surface tension control agent, wetting agent, hog/poultry scald agent, whipping agent, and emulsifier is anticipated to drive the market in the furcate period.

On the other side, issues related to side effects of Sodium Lauryl Sulphate and regulations from governing authorities for limiting the use of Sodium Lauryl Sulphate are expected to restrain the overall demand in the global market. Also, shifting of companies to other alternative chemicals and increasing use of Ayurvedic or natural reagents are estimated to offer slow path to the market growth.

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Sodium Lauryl Sulphate Market: Participants

Examples of some of the market participants identified in global Sodium Lauryl Sulphate market are: BASF SE, The Dow Chemical Company, Dongming Jujin Chemical Co., Ltd., Henan GP Chemicals Co.,Ltd, Shanghai Youyang Industrial Co, Ltd., Stepan Company, Clariant Corporation, Acme-Hardesty Company (Jacob Stern & Sons), Alpha Chemicals Pvt. Ltd., Croda International Plc., The Chemours Company among others.

Sodium Lauryl Sulphate Market: Segmentation

The global Sodium Lauryl Sulphate market can be classified on the basis of production methods, product type, and applications as following,

On the basis of production method, Sodium Lauryl Sulphate market can be segmented as:

Inorganic based
Coco based

On the basis of product type, Sodium Lauryl Sulphate market can be segmented as

Dry ( powder, needle)
Liquid

On the basis of application, Sodium Lauryl Sulphate market can be segmented as:

Personal care product
Cosmetics
Soaps and Shampoo
Others (toothpastes, etc.)
Domestic cleaners
Food and beverage products
Pharmaceutical
Others

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Micro-electromechanical System (MEMS) Market 2022 | Present Scenario and Growth Prospects 2029

Micro-electromechanical System (MEMS) Market is projected to surge at an impressive CAGR of 10.2% (2022-2029), And is anticipated to reach US$ 28.4 Bn by 2029. Micro-electromechanical systems offer significant benefits such as time-efficient, effective power consumption, and reduced weight as compared to traditional macro systems for mechanical and electrical functions. These benefits make MEMS-based devices more attractive for communication and connectivity applications. Radiofrequency (RF) MEMS technology is specifically designed for electronics in wireless communication applications such as radars, steerable antennae, and global positioning satellite systems (GPS).

MEMS technology is used to improve the performance of communication circuits and reduce power consumption costs. The micro-electromechanical system technology is also used for military applications in wireless communication satellite systems to gather information, missile guidance, and security monitoring.

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Key Takeaways of Micro-electromechanical System Market Study

Application of micro-electromechanical systems in consumer electronics is expected to gain traction, owing to increasing demand for MEMS-based microphones, sensors, and oscillators in smart devices such as wearables, smartphones, laptops, and others.
Adoption of MEMS sensors is projected to increase at a striking rate during the forecast period, due to growing usage of gyroscopes, accelerometers, pressure sensors, humidity sensors, temperature sensors, and proximity sensors for applications in medical devices, home automation devices, autonomous vehicles, and others.
Asia Pacific Excluding Japan is anticipated to dominate the global micro-electromechanical system market due to rising demand from major industries such as automotive, consumer electronics, and industrial verticals in developing economies such as China, India, and other South-East Asian countries.

Increasing Application in Automobile Sector to Boost Growth of MEMS Market

MEMS are used in various applications in the automobile sector, such as navigation assistance, telematics, airbag systems, anti-theft systems, electronic stability control of vehicles, and other vehicle dynamic applications. Moreover, MEMS-based lead frames packaging solutions provide superior thermal conductivity to ensure that appropriate heat dissipation properties required by specific applications such as vehicle security systems and rollover detection. Moreover, these micro-electromechanical systems are also used for passenger safety purposes, tire pressure detection, rollover, and skidding detection.

For instance, in May 2021, STMicroelectronics, a leading provider of MEMS motion sensors for customer products, added a new high-accuracy and high-stability MEMS motion sensor (IIS3DHHC). This IIS3DHHC MEMS sensor is a 3-axis accelerometer to secure accuracy over time and temperature, with 10-year product longevity for advanced industrial sensing.

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Key Segments of Micro-electromechanical System (MEMS) Industry Survey

Micro-electromechanical System (MEMS) Market by MEMS-based Devices:

MEMS Sensors
MEMS Audio Devices
- MEMS Microphones
- MEMS Speakers
MEMS Switches
MEMS Actuators
MEMS Oscillators

Micro-electromechanical System (MEMS) Market by Application:

Micro-electromechanical Systems for Consumer Electronics
MEMS for Automotive
MEMS for Aerospace & Defence
Micro-electromechanical Systems for Healthcare
Micro-electromechanical Systems for Telecommunications
MEMS for Industrial

Micro-electromechanical System (MEMS) Market by Region:

North America Micro-electromechanical System (MEMS) Market
Latin America Micro-electromechanical System (MEMS) Market
Europe Micro-electromechanical System (MEMS) Market
East Asia Micro-electromechanical System (MEMS) Market
South Asia & Pacific Micro-electromechanical System (MEMS) Market
Middle East & Africa (MEA) Micro-electromechanical System (MEMS) Market

More Valuable Insights on Micro-Electromechanical System Market

FMI’s report on the micro-electromechanical system market is segmented into major sections, such as MEMS-based device (MEMS sensors [accelerometers, gyroscopes, humidity, pressure, proximity, and temperature sensors], MEMS audio devices [MEMS microphones and MEMS speakers], MEMS switches, MEMS actuators, and MEMS oscillators), and application (consumer electronics, automotive, aerospace & defense, healthcare, telecommunications, and industrial), and region, to help readers understand and evaluate lucrative opportunities in the MEMS market.

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Advanced Distribution Management Systems Market 2022 | Scope of Current and Future Industry 2029

Advanced Distribution Management Systems Market is forecasted to reach US$ 12,102.0 Mn by 2029 and exhibit a remarkable 20% CAGR between 2022 and 2029. Advanced distribution management systems have significantly benefitted users looking for efficient data security, higher reliability, improved power distribution, and flexibility in restoring normal functions after a natural disaster.

These systems provide situational intelligence that ensures efficient and reliable smart grid analysis and management during a rapidly changing network. The adoption of advanced distribution management systems is increasing in smart cities, as these systems manage, control, optimize, visualize, and automate distribution networks.

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Key Takeaways of Advanced Distribution Management Systems Market Study

The energy & utilities industry is estimated to continue to hold significant market share among all segments by industry during the forecast period, owing to optimized energy distribution, reduction in electricity losses, and minimal electricity shortages.
Among all the applications, fault location and isolation & service restoration is estimated to register notable CAGR, as FLISR reroutes power to reduce power supply faults, power shortages, and other disturbances.
Asia Pacific excluding Japan is witnessing an impressive growth rate in the global advanced distribution management systems market, as governments in countries such as China, South Korea, and India are trying to balance the demand and supply of power to ensure efficiency and cost effectiveness.

Urbanization, Industrialization, and Increasing Rate of Electrification Driving Market Growth

The world is witnessing an increase in transmission, generation, and distribution of energy. With growth in the energy sector, the demand for electricity is increasing at a rapid pace. In 2021, the global demand for electricity increased by 4% to more than 23,000 TWh.

Also, rising urbanization on a global scale is increasing the rate of electrification at houses, commercial places, and end-use sectors, which is further boosting the demand for advanced distribution management systems. Furthermore, rapid industrialization in various developed and emerging economies is generating demand for electricity as a primary source for modern development.

Apart from this, strong economic growth in emerging countries such as India and China, combined with rapid urbanization and growth in investments in these countries, are factors propelling market growth. The Government of India has invested US$ 44.9 Bn in smart grid infrastructure, which is bolstering the demand for smart grid technology and thus, fueling the growth of the advanced distribution management systems market.

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More Valuable Insights on Advanced Distribution Management Systems Market

FMI’s report on the advanced distribution management systems market is segmented into four major sections – solution (ADMS platforms and services), application (supervisory control & data acquisition, distribution management systems, outage management systems, and distributed energy resource management systems, geospatial information systems, and fault location and isolation & service restoration), and industry (transportation & logistics, energy & utilities, oil & gas, manufacturing, and others), across seven regions, to help readers understand and evaluate lucrative opportunities in the advanced distribution management systems market.

Advanced Distribution Management Systems Outlook By CategoryBy Solution :

ADMS Platforms
Services
- Support &Maintenance Services
- Consulting
- Integration & Implementation

By Application :

Supervisory Control & Data Acquisition
Distribution Management Systems
Outage Management Systems
Distributed Energy Resource Management Systems
Geospatial Information Systems
Fault Location and Isolation & Service Restoration

By Industry :

Transportation & logistics
Energy & Utilities
Oil & Gas
Manufacturing
Others

By Region :

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

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Contract Lifecycle Management Market 2022 | Current and Future Demand, Analysis, Growth and Forecast 2029

Contract Lifecycle Management Market is expected to reach ~US$ 2,413.9 Mn by 2029, growing at a CAGR of 12.2% for 2022 – 2029. According to the report, an increased focus on identifying risks, predicting trends and gaining insights into client behaviours is contributing to the growth of the contract lifecycle management market through 2029. Integration of advanced technologies such as artificial intelligence, machine learning, IoT and others will also continue to fuel the sales of contract lifecycle management solutions. Furthermore, the ability of these solutions to focus on compliance with rules & regulations will boost the demand for contract lifecycle management solutions in 2023 and beyond.

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Digitization of industries across the globe is increasing and companies are moving from traditional manufacturing to digital manufacturing and adopting advanced technologies. With rapid adoption of advanced technologies, sales of contract lifecycle management solutions is set for a massive upswing over the next decade.

According to the FMI report, the usage of contract lifecycle management solutions for procurement business functions is poised to offer a total incremental opportunity worth over ~ US$ 2413.9 Mn during the forecast period of 2022 to 2029. The software segment in contract lifecycle management market continues to steal the spotlight throughout the forecast period, unveils the contract lifecycle management market research study. Revenue generated by professional services is to increase in the regions where there is high usage of contract lifecycle management solutions. Demand for professional services will majorly be driven by the increasing requirement for risk & compliance assessment and implementation & integration services offered under this segment.

Contract Lifecycle Management Market Players to Double their Investments in Europe & East Asia

Rapid developments in new technologies such as hybrid cloud based contract lifecycle management solutions, have made access to new markets easier and cost-effective. With the help of such contract lifecycle management solutions, one can manage contracts in real time, providing more visibility, choice, and control over cloud, electronic repository, and other infrastructure, finds the report. Hence, through the flexibility offered by such technologies, established and growing vendors of contract lifecycle management software can take the advantage of the booming opportunities in regions such as Europe and East Asia.

Moreover, economic growth of developing countries, such as Germany, France, China and India, is complemented by the declining prices of enterprise applications and contract lifecycle management solutions in these regions. Thus, according to the study the leading players of contract lifecycle management market will double their investments in these regions.

FMI’s business intelligence also highlights the trend setting insights into the competitive scenario of contract lifecycle management market along with differential strategies followed by the solution providers. Leading players in the contract lifecycle management market are providing cloud based solutions integrated with advanced technologies, as cloud based contract lifecycle management solution makes it an ideal, paper-less way to share all the contracts with only the people they deem necessary. For instance, in May 2018, Apttus launched Apttus Omni, a contract lifecycle management solution that can benefit business outcomes for enterprises by improving the efficiency of revenue, contract and procurement operations across legal, sales, finance, operations, and other functional groups.

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Competitive Landscape

Contract lifecycle management key providers have focuses on acquiring companies, which serve as catalysts to organic growth by adding complementary technology, expanding served market, and help in enhancing domain expertise or market access. Through this business strategy, the key providers serve to expand its market and to strengthen its competitive differentiations.

Coupa Software Inc. (Exari)
Infor
Newgen Software Technologies Limited
SAP SE
Infosys Limited
Information Services Group, Inc.
Model N, Inc.
Synertrade (Econocom Group)

Contract Lifecycle Management Market Outlook By Category

By Solution, Contract Lifecycle Management Market is segmented as:

Contract Lifecycle Management Software
Contract Lifecycle Management Services
- Professional Services
  - Risk & Compliance Assessment
  - Implementation & Integration
  - Support & Maintenance
- Managed Services

By Business Function, Contract Lifecycle Management Market is segmented as:

Legal
Finance
Procurement
Sales
Operations
Human Resource
Information Technology

By Industry, Contract Lifecycle Management Market is segmented as:

BFSI
IT & Telecom
Government & Public Sector
Energy & Utilities
Manufacturing
Healthcare & Pharma

By Region, Contract Lifecycle Management Market is segmented as:

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

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Motion Control Software in Robotics Market 2022 Expectations & Growth Trends Highlighted Until 2029

Motion Control Software in Robotics Market is anticipated to grow at an impressive CAGR of 19.6% between 2022 and 2029, surpassing a valuation of US$ 37.86 Bn by 2029. With automation and robotics gradually taking over industries, the focus is now shifting towards robotics software. It is believed that innovation in software can take robotics to the next level in the future. Leading manufacturers are now focusing on developing new software features that allow better control of robots, quick customization of sequences, and improved overall efficiency. Currently, motion control software in the robotics market represents a 20.0% share of the global robotics market.

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According to the report’s findings, the global motion control software in the robotics market is expected to experience significant growth over the forecast period owing to several driving factors such as increasing demand for vision-guided robots.

The attractiveness of the developed market remains the same

In terms of value, Asia Pacific excluding Japan has a high market share. However, regions like North America and Western Europe are expected to foresee the growth of motion control software in the robot market during 2022-2029.

The growth of motion control software in the robot market is being driven by increasing robot adoption in various industries in countries such as China, among other countries in Asia Pacific excluding Japan region.

In addition, it is increasing in North America and Western Europe due to macroeconomic factors such as rapid industrialization, urbanization, and increased investment.

The adoption of motion control software in robotics in the manufacturing industry and oil and gas refineries

The global motion control software in robot market is segmented by robot type, robot system type, application, software, offering, software by motion type, end use and Asia Pacific excluding North America, Latin America, Western Europe, Eastern Europe, Japan, Japan, Middle East and Africa.

The end-use manufacturing industry segment is expected to hold a prominent market share. This is primarily driven by the increasing use of robotics software in the manufacturing industry to perform repetitive tasks such as assembly, material handling, and pick and place. The oil and gas refining sector will also stand out during the forecast period.

The increasing use of robotics software in oil and gas refining improves operator safety as software automates the repetitive and risky task of connecting drill pipes as they drill miles of seawater and oil-bearing rock.

Motion Control Software in Robotics Market: Vendor Insights

The report highlights some prominent market players who have established themselves as leaders in the global motion control software in the robotics market. Some of the major players in motion control software in the robotics market include ABB Ltd, Fanuc, Teradyne, KUKA AG, Yamaha, Yaskawa Electric Corp, Denso Wave, Omron Corporation, and Nachi Robotics System.

The global motion control software in robotics market has been heavily integrated with some of the players who hold prominent shares of the market. This player provides robotics motion control software under names such as ActinSDK, KUKA Pick Control.

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Motion Control Software in Robotics Market by Category

By Robot Type:

Articulated
Cartesian
Cylindrical
Polar
SCARA
Delta

By Robotic System Type:

Manipulation Robotic System
Mobile Robotic System
Data Acquisition and Control Robotic System

By Application:

Industrial Robot
Medical Robot
Consumer Robot

By Offering:

Standard
Customized

By Software:

Pick & Place
Drilling
Hold & Rotate
Painting
Striking, Punching & Blanking
Welding

By Motion Type:

Linear
Rotary
Oscillatory
Omni-Directional

By End Use:

Manufacturing Industries
Oil & Gas
Healthcare
Research Academia
Others

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Level Sensor Market 2022 Assessment and Key Insights Analyzed Till 2029

Level Sensor Market size is expected to reach US$ 6.4 Bn by 2029, at a CAGR of 6.3% during 2022-29. Market gains are further estimated to be underpinned by a slew of factors, with some of the being smart level sensor application and sheer proliferation of advanced industrial technologies. The growing demand for intelligent devices, which would broadly include smart level sensors and smart transmitters, to improve measurement accuracy is expected to create enormous opportunities for the global level sensor market.

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Demand for Ultrasonic Technology Creates New Growth Opportunities

According to the FMI analysis, ultrasonic sensors are estimated to gain end user favour by a wide margin, on account of their high sensitivity, high frequency, and high penetrating power. However, the growing transition toward microwave/radar technology is likely to be observed by the end of 2029, set in motion by growing demand for continuous level measurement of bulk solids. The oil and gas segment is anticipated to command for a significant pie of the global market share, on account of growing adoption in tank level monitoring, fuel & chemical injection and various other applications. Adoption of level sensors in waste and wastewater treatment applications is also likely to continue unabated, driven by the need of continuous monitoring of wastewater level in sewage treatment plants.

The report highlights some of the prominent market players, who have established themselves as leaders in the level sensor market. These leading players, with their ‘industry-best’ product portfolios, continue to set their course toward profitable growth through bespoke innovations and launch of new product models. For instance, in 2017, Vega Grieshaber KG announced the launch of a new process sensor ‘PLICSCOM’ operating wireless. In 2016, Endress+Hauser AG announced the official launch of ‘tank gauging’ platform, a holistic monitoring & inventory control system for tank farms as well as terminals in the oil and gas, chemicals, and refining application units for bulk storage and transport of liquids & solids.

Mergers and acquisitions will also continue to hold a significant spot in the manufacturers’ agenda, given that these strategic alliances offer immense scope for growth via combined expertise and shared resource pools. For instance, in 2022, Rochester Gauges, LLC announced its official acquisition of FPI Sensors, which would further expand the market share of Rochester in the liquid level sensor space. As the acquisition by Rochester continues to grow on its own legacy of offering high-quality products and industry-best customer service, Rochester would get greater access to a pool of untapped opportunities and reap benefits from them.

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Competitive Landscape

The global level sensor industry serves a highly fragmented competition landscape. The market is witnessing a trend of acquisition of small sensor technology vendors by the major players, along with the intense competition due to the demand for highly efficient products among the players. Product developments continue to be the key focal point of manufacturers in line with their key strategy to boost their market share holdings.

ABB
WIKA Group
Emerson Electric
Endress+Hauser AG
Anderson-Negele
SICK AG
Aplus Finetek Sensor, Inc.

Level Sensor Market Survey By Category

By Technology:

Ultrasonic
Capacitance
Conductive
Pneumatic
Vibratory Probe
Optical
Microwave/Radar

By Application Media:

Solid
Liquid

By Monitoring Type:

Point Level
Continuous Level

By Device Type:

Contact Type
Non-contact Type

By Industry:

Chemicals & Petrochemicals
Pharmaceutical
Energy & Power
Oil & Gas
Waste & Wastewater Treatment
Food & Beverages
Others

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https://cipmo-system.mn.co/posts/23292785

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https://shangwich.mn.co/posts/23292788

https://stemfemmes.mn.co/posts/facial-recognition-market-trends-2022-segmentation-outlook-industry-report-to-2032

https://careero.mn.co/posts/23292792

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