Market Research Blog – Page 1240 – New Product Development

Global Energy & Power Quality Meters Market Surges, Projected to Reach US$ 4.41 Billion by 2029

The market for energy and power quality metres is expected to grow at an impressive 7.5% CAGR between 2022 and 2029, from US$ 2.65 billion in 2022 to US$ 4.41 billion by 2029. The need for next-generation power quality metres, the acceleration of electrification, and the rise of the industrial Internet of things are some of the key drivers propelling the worldwide energy and power quality metres market’s expected considerable growth throughout the forecast period.

The paper claims that industry 4.0 is fundamentally altering industrial processes and quickly transforming industrial production capacities. The need for energy and power quality metres to track voltage and harmonic distortions is being created by this transition, and this need will fuel the market’s expansion until 2029.

Furthermore, in the industrial sector, the energy and power segment is expected to witness high growth rates during the forecast period, owing to the growing demand for electrification in residential and commercial sectors. Furthermore, the world is witnessing rapid increase in generation, transmission, and distribution of energy, which, in turn, is creating potential growth opportunities for the energy & power quality meters market.

Manufacturers Focusing on Expanding their Operations in Asia Pacific

Manufacturers of energy & power quality meters are focusing on expanding their businesses across countries in Asia Pacific such as China and India. The increasing investment by governments of these countries in industrial and digital infrastructure is attracting various manufacturers to expand their operations in these countries. Furthermore, the strong economic growth of countries in this region along with the continuous industrialization and increasing rate of urbanization and electrification is creating potential growth opportunities for the energy & power quality meters market players.

For instance, according to IEA (International Energy Agency), in 2000, more than 40% of global energy demand was in Europe & North America and some 20% in developing economies in Asia. However, by 2040, this situation will be completely reversed.

Increasing Competitive Product Profile Playing a Crucial Role in Market Growth

The increasing scope of applications related to power quality equipment and a competitive market has, in turn, resulted in product differentiation and expansion strategy by the advanced power quality meter manufacturers to provide a competitive edge and strengthen their market presence specifically to the desired end-use industry market.

For this, advanced power quality meter manufacturers are continuously increasing research & development and product development activities in order to improve their product awareness levels to the end-consumers and minimize the hazardous effects associated with surpassing the environmental regulations and norms in end-user industries.

According to FMI Analysis, during 2015-2018, the average spending by major manufacturers in R&D and new product development has been accounted for 3% – 3.5% of overall sales. Also, the average rate of product launches made by major advanced power quality meter manufacturers have been in the range of 2-3 products per year.

Energy & Power Quality Meters Market By Category

By Topology:

Standalone
Embedded in Controller/PLC
Multi Circuit
Portable Units

By Application:

Network & Branch Circuit Monitoring
Power Quality Compliance Monitoring
Energy Cost Management
Others

By End-Use Industry:

Critical Buildings
- Data Centers
- Water Treatment Networks
- Airports & Railways
- Hospitals
Commercial Buildings
- Hotels
- Government Organizations
- Retail & Supermarkets
- Education Campuses
Industrial

By Region:

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

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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. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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Overhead Cables Market Projected to Reach USD 119.8 Billion by 2033, Driven by Smart Grid Technology Adoption

The overhead cables market is projected to grow from USD 69.8 billion in 2023 to USD 119.8 billion by 2033, with a CAGR of 5.6%. The adoption of smart grid technologies is transforming this market by enabling real-time monitoring and control of power distribution, which enhances reliability, efficiency, and resilience. This trend opens up opportunities for advanced overhead cables equipped with embedded sensors and communication features to facilitate smart grid integration.

The rapid expansion of renewable energy sources, such as wind and solar, presents a significant opportunity for the overhead cables market. There is an increasing demand for high-capacity overhead cables to transmit electricity from remote generation sites to urban areas, ensuring minimal power loss.

While traditional overhead cables have been dominant, there is a growing trend toward underground power distribution. This shift creates opportunities for specialized manufacturers to develop cables tailored for underground installations, focusing on enhanced flexibility, durability, and insulation.

The electrification of transportation, particularly with electric vehicles and mass transit systems, also impacts the overhead cables market. The infrastructure needed for EV charging requires robust cables capable of handling high power loads, creating a niche for manufacturers in this emerging segment.

Environmental concerns and sustainability initiatives are driving demand for eco-friendly overhead cables. Companies that utilize recyclable materials and low-carbon coatings can gain a competitive advantage by aligning with the preferences of environmentally conscious consumers.

Innovation in the overhead cables market is being fueled by advancements in materials science, manufacturing techniques, and cable designs. For example, composite materials like carbon fiber reinforced polymers offer lightweight and high-strength alternatives to traditional cables, enabling longer spans and lower installation costs.

Key Takeaways:

As per FMI, the United States is spearheading the growth across North America, accounting for a CAGR of 5.5% of market share during the projected period.
Sales of overhead cables are expected to surge at 5.5% CAGR across China in 2022.
United Kingdom is expected to account for a significant CAGR of 5.3% in Europe from 2023 to 2033.
As per Future Market Insights, low voltage is expected to dominate the top type with a healthy CAGR of 5.4% over the projected time period.
As per FMI, the residential segment is poised to surge at a CAGR of 5.1% CAGR during the forecast period.

Competitive Landscape:

Key players in the manufacturing of overhead cables are spearheading a revolution in the industry. Through cutting-edge technologies and innovative manufacturing processes, they are transforming the way overhead cables are produced. These players are investing in research and development to develop advanced materials and designs that enhance the performance, durability, and efficiency of overhead cables.

They are also adopting automation and digitalization to streamline production, reduce costs, and ensure consistent quality. Key players are also focusing on sustainability by incorporating eco-friendly materials and practices in their manufacturing processes, aligning with the growing demand for environmentally conscious solutions. Their efforts are reshaping the overhead cables market and driving it towards a more efficient and sustainable future. Amphenol Corporation,Alan Wire Company,Alpha Wire,ABL Electronic Supplies, Inc., AEI Cables Ltd.

Market Segmentation:

By Type:

Low Voltage
Medium Voltage
High Voltage

By Application:

Residential
Utility
Commercial
Industrial

By Region:

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

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Hospital Disinfectant Products & Services Market Set to Double by 2033, Reaching USD 75.6 Billion with a 7.7% CAGR

The global hospital disinfectant products & services market is on a steady growth trajectory. In 2023, the market size is estimated at an impressive USD 36,075.74 million, and it is expected to nearly double, reaching USD 75,575.0 million by 2033. This rapid expansion is supported by a 7.7% compound annual growth rate (CAGR) during the forecast period.

Key Drivers Behind the Market Growth

Increased Awareness of Hygiene
The heightened awareness surrounding hygiene and infection control, especially after the global pandemic, has driven healthcare facilities to invest more in effective disinfectant products and services. Hospitals and clinics are under increased pressure to maintain sterile environments to prevent hospital-acquired infections (HAIs).
Stringent Government Regulations
Many governments around the world have introduced stringent regulations and guidelines for sanitation in healthcare settings. Compliance with these standards is crucial for healthcare facilities, leading to the adoption of advanced disinfectant products and services.
Technological Advancements
Innovative disinfection technologies such as UV light disinfection, fogging systems, and electrostatic sprayers have significantly improved the efficiency and effectiveness of hospital disinfectant practices. These advancements help in curbing infections and reducing manual cleaning efforts.

Segments in Focus

Disinfectant Products
These include surface disinfectants, hand sanitizers, instrument disinfectants, and air disinfectants. With growing concerns about bacterial, viral, and fungal infections, hospitals are opting for eco-friendly and non-toxic disinfectant solutions.
Disinfection Services
Hospitals often outsource disinfection services to ensure the thorough cleaning of critical areas such as operating rooms, ICUs, and emergency departments. Professional disinfection services ensure compliance with safety standards and help reduce the risk of contamination.

Regional Insights

North America is leading the market due to advanced healthcare infrastructure, a high awareness of infection control measures, and strict governmental regulations.
Europe follows closely, particularly in countries like Germany and the UK, where healthcare standards are high, and HAIs are taken seriously.
Asia-Pacific is emerging as a rapidly growing region, driven by a rising number of healthcare facilities, increased healthcare spending, and growing awareness of hygiene standards.

The Road Ahead

The hospital disinfectant products & services market is expected to witness significant technological innovations in the coming years. Automation in disinfection procedures, along with the introduction of eco-friendly disinfectant products, will further bolster market growth. In addition, the expansion of healthcare facilities in emerging economies will present lucrative opportunities for market players.

Key Takeaways – Hospital Disinfectant Products & Services Market Study

Hundreds of millions of patients are affected by health care-associated infections worldwide each year, leading to significant mortality and financial losses for health systems.
Poor quality of healthcare services in low to medium income countries are the most emerging regions for hospital disinfectant products & services market.
Manufacturers are focusing on formulating hospital disinfectants that have natural ingredient base to reduce the overall toxicity and prevent other disease emergence.
Lack of compliance of national guidelines and policies by hospitals may pose a threat to both mankind and the hospital disinfectant products & services market.
Implementation of Patient Protection and Affordable Care Act (PPACA), which expects a manufacturer to pay 2.3% tax on the sale of medical devices will increase expenses for sterilization equipment manufacturers. As a consequence, it may hamper the growth of the hospital disinfectant products & services market for the forecasted years.

Market Segmentation

By Product Type:

Liquid
Gel & Lotions
Spray & Foam
Wipes
Devices
Other Types

By Application:

Skincare
- Skin Cleansers
- Hand Sanitizers
- Surgical Scrubs
- Skin Conditioners
- Other Skincare
Surface Cleansers
- Toilet Cleansers
- Floor Cleansers
- Surface Sanitizer
- Instrument Decontaminant Solution
- Disinfectant Instrument Accessories
- Hand Sanitizer Dispensers
- UV Disinfectant
- Fogger Disinfectant
- Air Purifier
- Water Sterilizer
- Other Accessories
Water Cleaners
- Water Disinfectant Solution
- Water Disinfectant Products
Air Cleaners
- Air Neutralizer
- Air Freshener
Surveillance Providers
- Antimicrobial Stewardship
- Infection Prevention
- Other Surveillance Providers

By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia and the Pacific
East Asia
Middle East & Africa

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Perimeter Intrusion Detection Market is expected to reach US$ 798.2 billion by 2034, rising at a 14.3% CAGR- FMI Study

The perimeter intrusion detection market is estimated to be worth US$ 210.2 billion in 2024 and is projected to be valued at US$ 798.2 billion in 2034. Between 2024 and 2034, the industry is expected to register a CAGR of 14.3%.

The market for perimeter intrusion detection systems, an essential part of physical security systems, is expanding rapidly due to growing security concerns in a number of industries, including critical infrastructure, government buildings, military installations, and commercial businesses.

Security measures such as perimeter intrusion detection systems (PIDS) are essential for preventing unwanted access to restricted areas and protecting persons, assets, and confidential data. The emergence of intelligent technologies like artificial intelligence (AI), machine learning (ML), and the Internet of Things (IoT) has greatly improved perimeter intrusion detection systems’ capabilities, allowing for real-time threat analysis, detection, and reaction.

Innovative solutions that offer better precision, dependability, and scalability have been made possible by technological breakthroughs. Examples of these solutions include video surveillance systems, infrared motion detectors, radar-based sensors, and laser-based perimeter security systems.

When these systems are integrated with centralized platforms for command and control, perimeter security may be seamlessly monitored and managed throughout large-scale sites. Due to affordability, scalability, and flexibility, wireless and cloud-based perimeter intrusion detection systems are becoming increasingly popular.

Key Takeaways

From 2019 to 2023, the perimeter intrusion detection market expanded at a CAGR of 12.1%.
Based on the solution, the perimeter intrusion detection cameras segment is expected to account for a market share of 33.2% in 2024.
The demand for perimeter intrusion detection in Germany is predicted to grow at a CAGR of 9.70% through 2034.
In the United States, the perimeter intrusion detection industry is estimated to register a CAGR of 11.10% from 2024 to 2034.
China is projected to expand by a CAGR of 14.80% between 2024 and 2034.
The perimeter intrusion detection market in Australia is anticipated to record a CAGR of 17.80% during 2034.

“Increasing awareness about the importance of perimeter security in asset protection driving the perimeter intrusion detection market,” says an FMI analyst.

Competitive Landscape

To stay ahead of the curve and implement new technology, perimeter intusion detection market players make significant investments in R&D. This covers developments in AI-driven analytics, sensor technologies, and integration with existing security systems, including access control and video surveillance.

Heras – Heras offers customizable solutions tailored to customers’ specific requirements, ensuring scalability to accommodate future expansions or modifications. They focuses on integrating advanced sensor technologies such as radar, infrared, and microwave sensors into their perimeter intrusion detection systems.

Key Segments of Perimeter Intrusion Detection Industry Analysis

By Vertical:

Military & Defense
Government
Industrial
Critical Infrastructure
Commercial
Residential
Others

By Component:

Solutions
- Microwave Sensors
- Infrared Sensors
- Fiber-Optic Sensors
- Radar Sensors
- Cameras
- Optical Fiber
- Software
- Others
Services
- Professional Perimeter Intrusion Detection Services
- Managed Perimeter Intrusion Detection Services

By Type:

Barrier-Mounted Perimeter Intrusion Detection Systems
Ground-Based Perimeter Intrusion Detection Systems
Free-Standing Perimeter Intrusion Detection Systems
Rapidly Deployable Perimeter Intrusion Detection Systems

By Region:

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

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Global Mining Shovel Market Projected to Generate Over USD 10.4 Billion by 2033, with Sales Reaching USD 8.0 Billion in 2023

The global mining shovel market is projected to generate an absolute dollar opportunity exceeding USD 10.4 billion by the end of 2033. Sales of mining shovels are expected to reach approximately USD 8.0 billion by 2023, with a growth rate of 2.7% CAGR during the forecast period from 2023 to 2033. The increasing focus on developing advanced mining shovels equipped with innovative technologies, such as telematics, is likely to drive market growth.

The increasing demand for technologically advanced mining shovels, such as those equipped with telematics, is creating a favorable environment for market growth during this period.

Mining shovels are large, bucket-equipped, electrically-powered machines used for digging, loading, and excavating substantial amounts of rock and soil in surface or strip mining operations. Their ability to handle vast quantities of earth minerals in harsh conditions is making them increasingly popular in the mining industry.

These machines also facilitate the rapid movement of soil and rock at a cost-effective rate per ton. The growing use of mining shovels for extracting metals like iron ore, gold, copper, and bauxite is driving demand in the global market.

With rapid industrialization and urbanization, construction activities have surged, particularly in emerging economies such as Brazil, India, China, and Australia. This growth in the construction sector has led governments in these countries to invest more in urbanizing rural areas.

As infrastructure and construction projects expand, the demand for metals such as iron and steel increases. In response, major mining companies are ramping up their operations, contributing to the growth of the mining shovel market.

Key Takeaways:

Surging construction and infrastructure activities to propel market growth.
Mechanical complexity and high maintenance costs deter market development.
The Asia Pacific excluding Japan is expected to present multiple profitable opportunities.
North America will likely exhibit considerable market growth over the forecast period.

Competitive Landscape

JCB Ltd., Volvo Construction Equipment, Caterpillar Inc., Sandvik AB, Hitachi Construction Machinery Co. Ltd., Metso Corporation, Komatsu Limited, Boart Longyear Ltd., and China National Coal Mining Equipment Co. Ltd., and others are some of the major players in the mining shovel market that are profiled in the full version of the report.

An extensive number of market participants has made for high competition. Therefore, major players in the mining shovel market are keen on expanding their production capacities along with increasing their product releases.

Key Segments Profiled in the Mining Shovel Market Survey

By Payload Capacity:

20-30 Metric Tons
30-40 Metric Tons
40-50 Metric Tons
More than 50 Metric Tons

By Mineral Type:

Coal
Iron Ore
Non-ferrous Metals
Industrial Minerals
Precious Metals
Others

Report Preview: https://www.futuremarketinsights.com/reports/mining-shovel-market

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Advanced (3D/4D) Visualization Systems Market Surges: Revenue Reaches $711.1M in 2022, Expected to Hit $1,139.9M by 2033

The global Advanced (3D/4D) Visualization Systems Market demonstrated remarkable growth in 2022, with a total revenue of US$ 711.1 million. This sector is poised for a promising future, as it is projected to expand at a CAGR of 4.5% from 2023 to 2033. By the end of the forecast period in 2033, the market is expected to reach a substantial US$ 1,139.9 million.

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Key Takeaways:

The Advanced (3D/4D) Visualization Systems Market is on a growth trajectory, projected to reach US$ 1,139.9 million by 2033, driven by factors such as advanced medical imaging adoption and AI integration.
North America leads the market, while Asia-Pacific presents significant growth opportunities.
Challenges include high implementation costs and data security concerns.
Emerging technologies like VR and AR offer promising prospects for market players.

Drivers and Opportunities:

The growth of the Advanced (3D/4D) Visualization Systems Market can be attributed to several key drivers. The increasing adoption of advanced medical imaging techniques and the rising demand for real-time data visualization in healthcare are significant factors fueling this market’s growth. Additionally, the integration of artificial intelligence (AI) and machine learning (ML) in 3D/4D visualization systems is enhancing diagnostic capabilities and driving market expansion.

Moreover, opportunities abound as the market taps into emerging technologies, including virtual reality (VR) and augmented reality (AR), which are revolutionizing industries such as healthcare, aerospace, and automotive. These innovations are opening new avenues for market players to develop cutting-edge visualization solutions.

Competitive Landscape – Regional Trends:

The Advanced (3D/4D) Visualization Systems Market boasts a competitive landscape with several key players vying for dominance. Regional trends reveal varying market dynamics. North America currently leads the market due to its advanced healthcare infrastructure and substantial investments in research and development. Meanwhile, Asia-Pacific is witnessing rapid growth, driven by increasing healthcare expenditure and a burgeoning demand for advanced visualization technologies in countries like China and India.

Restraints:

Despite its growth prospects, the market faces certain challenges. The high cost of implementing advanced visualization systems and concerns related to data security are restraining factors. Additionally, the complexity of integrating these systems into existing healthcare workflows poses a challenge for market adoption.

Region-wise Insights – Category-wise Insights:

North America remains the dominant region in the Advanced (3D/4D) Visualization Systems Market, with the United States leading the way. The region benefits from a robust healthcare infrastructure and significant investments in research and development.
Europe is witnessing steady growth, with countries like Germany and the United Kingdom contributing significantly to the market. The region’s focus on improving healthcare outcomes through advanced visualization technologies is driving market expansion.
Asia-Pacific is emerging as a lucrative market, driven by the increasing healthcare expenditure in countries like China and India. The demand for 3D/4D visualization systems in diagnostics and treatment planning is on the rise.

Advanced (3D/4D) Visualization Systems Outlook by Category

By Platform, Advanced (3D/4D) Visualization Systems Demand is segmented as:

Ultrasound
MRI
CT
PET

By End User, Advanced (3D/4D) Visualization Systems Outlook is segmented as:

Hospitals
Diagnostic Laboratories
Academic and Research

By Application, Advanced (3D/4D) Visualization Systems Sales are segmented as:

Cardiology
Oncology
Neurology

By Region, Advanced (3D/4D) Visualization Systems Sales are segmented as:

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

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Electronic skin Market- New Technological Development Projecting Massive Growth till 2028

According to a Future Market Insights (FMI) report, Firstly, the electronic skin (e-skin) market, which has a global revenue estimate of over US$ 500 million, is expected to have a rapid year-over-year rise of 20.7% in 2019. Secondly, the electronic skin market, which is still in its early stages and is thriving as a niche sector, is expected to continue having low value and high growth.

The study demonstrates the outstanding potential of the healthcare business to strengthen the applicability of electronic skin technology in the years to come, thirdly, with remote healthcare monitoring taking root and micro-electronics reaching the pinnacle of technological advancements.

Furthermore, remote patient monitoring equipment has been one of the greatest growth variables linked to the performance of the electronic skin market and is expected to play a crucial role in instrumenting demand for electronic skin technology.

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The report suggests that electronic skin technology’s flexibility and ultra-thin design make it ideal for wearable medical devices, benefiting healthcare due to the increasing chronic disease rates and aging population susceptibility.

Besides potential applicability in breast cancer diagnostics, the market is favoring from research on electronic skin’s usability in healthy tattoos and non-invasive wound tracking
Stretchable conductors and stretchable circuits hold a combined share of more than half of the total electronic skin market revenue

In the backdrop of increasing investments in R&D of developing self-healing, comfortable monitoring systems by using electronic skin, FMI envisages electronic skin gaining the platform technology status in healthcare realm. At present, around 32% of the total revenue is generated by adopting electronic skin in healthcare. The report forecasts bullish prospects for revenue growth through e-skin adoption in healthcare, at around 20% Y-o-Y in 2019.

Consistent growth in research investments directed to discover new application platforms for electronic skin technology is cited as a high-impact demand growth determinant for electronic skin market. Consumer electronics, though currently registering moderately rising usage of electronic skin technology, are on the brink of emerging as the most lucrative investment pocket for electronic skin technology innovators in coming years.

The report foresees that e-skin technology adoption will be on a constant high in consumer electronics, accounting for an exponential rate post-2020.

While electronic skin technology has already been trialed for application in portable remote control systems for hardware, emergence of attractive investment avenues are speeding up adoption of electronic skin in wearables, which already has a sizeable consumer base compared to a majority of other consumer electronics. This according to the report will play a crucial role in bolstering electronic skin market revenue in coming years.

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Moreover, riding on a host of next-generation potential applications in assistive health, communication framework & protocol, and social intelligence robotics among others, electronic skin technology continues to garner research interests.

Highly sensitive pressure sensing and impeccable flexibility are also pushing the functionality of electronic skin technology in H2M (human-machine) interactions. Increasing research efforts concentrating on discovering potential of electronic skin in assisting robotic surgeries point to a magnificent application area developing for electronic skin technology innovation.

“With industrial robots being increasingly subject to sensory features for an efficiency upgrade, the potential of electronic skin technology to invade industrial sector and entirely replace human intervention cannot be understated,” says the FMI report.

Some of the prominent players such as Koninklijke Philips N.V. and Dialog Semiconductor are entering strategic partnerships and R&D collaborations to introduce new product lines. Patent security remains paramount for 3M before new product launches, says the report. However, a majority of competitors operating in global electronic skin market landscape are concentrating on R&D to explore novel e-skin applications that will offer a competitive edge.

Key Segment

Component

Stretchable Circuits
Stretchable Conductors
Electr-active Polymers
Photovoltaics
Others

Application

Consumer Electronics
Automotive
Healthcare
Telecommunication
Retail
Aerospace & Defense
Others

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Optical emission spectroscopy Market- New Technological Development Projecting Massive Growth till 2027

Businesses in the optical emission spectroscopy industry provide specialist solutions to meet the needs of many industries, including waste management, automotive, and the medical field. The introduction of novel solutions is driving worldwide market revenues, according to a recent Future Market Insights (FMI) analysis.

As per the FMI analysis, market participants may enhance their revenue production and sales by means of strategic mergers, acquisitions, and collaborations with different research institutes and providers of optical emission spectroscopy equipment and services. These partnerships will also encourage the creation of fresh approaches to technological innovation.

The report profiles some of the leading companies operating in the optical emission spectroscopy market such as Thermo Fisher Scientific Inc., Agilent Technologies Inc., Waters Corporation, LECO Corporation, Hitachi High-Technologies Corp., Yokogawa Electric Corporation, Stellarnet Inc., Rigaku Corporation, Bruker Corp., Sartorius AG, PerkinElmer Inc., Danaher Corp., AMETEK Inc., JEOL Ltd., and Shimadzu Corp.

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The report throws light on the various factors impacting revenue growth of the global market.With an estimated 5% compound annual growth rate, the optical emission spectroscopy market is expected to reach a valuation of just under US$ 576 Million in 2019. FMI attributes growth in revenue of the optical emission spectroscopy market to a rapidly expanding laboratory automation sector and increasing technological advancements in spectroscopy equipment. The abilities offered by optical emission spectroscopy, such as the ability to analyse a vast range of elements, from lithium to uranium in solid elemental metal instances, and the ability to cover a vast concentration range with high accuracy and precision and low detection limits, are encouraging the adoption of specialised optical emission spectroscopy equipment and services by various industries.

Increasing Global Spending on R&D Activities to Fuel Adoption of Optical Emission Spectroscopy

The last few years have witnessed concerted efforts by governments of leading economies such as the United States, France, Germany, the United Kingdom, Japan, Russia, China, and India towards research initiatives to drive the development of commercial healthcare infrastructure. Further, various global research organizations are focussing on expanding their budgets to accommodate the management of day-to-day laboratory operations and challenges. These initiatives are pushing revenues in the global market for optical emission spectroscopy.

Collaborations Between Equipment Providers and Research Institutes to Define the Global Optical Emission Spectroscopy Market

The increasing adoption of spectroscopy technology in the agriculture, chemicals, pharmaceutical, and clinical analysis sectors are paving the way for mergers and acquisitions in the optical emission spectroscopy market. Growing demand for advanced laboratory equipment coupled with technological innovation is impelling providers of optical emission spectroscopy equipment to collaborate with one another to meet specific customer demands. Increasing partnerships among spectroscopy equipment providers and research institutes can also be witnessed in the global market.

Key Segmental Insights from the Report

On the basis of source of excitation, Arc/spark optical emission spectroscopy is expected to hold the largest market share; however, inductively coupled plasma optical emission spectroscopy is expected to continue finding new applications across different industry verticals.
The food industry is expected to hold the largest market share in the optical emission spectroscopy market on account of high demand for efficient and highly regulated food safety analysis.
Among the regions, Asia Pacific Excluding Japan is projected to remain the largest market for optical emission spectroscopy followed by North America.

Quick Insights on the Optical Emission Spectroscopy Market Structure

Tier-1 optical emission spectroscopy providers such as Agilent Technologies, Thermo Fisher Scientific Inc., PerkinElmer Inc., and Hitachi High-Technologies Corporation collectively account for around 35%-37% value share of the global market, with a significant global coverage. These players hold an individual market share of more than 5%.
Tier-2 companies such as Shimadzu Corporation and Bruker Corporation hold a market share of more than 2% but less than 5%.
Tier-3 companies are relatively new entrants in the optical emission spectroscopy market and comprise local and regional players. These companies hold a market share of less than 2%.

Key Segments

With regards to component, the global optical emission spectroscopy market has been segmented into the following:

Solutions
Services

By source of excitation, the global optical emission spectroscopy market has been segmented into the following:

Arc/Spark Optical Emission Spectroscopy
Inductively Coupled Plasma (ICP) Optical Emission Spectroscopy

In terms of vertical, the global optical emission spectroscopy market has been segmented into the following:

Metallurgy
Food
Aeronautics and Aerospace
Pharmaceutical
Others

Key Regions

North America
- S.
- Canada
Latin America
- Brazil
- Mexico
- Rest of Latin America
Europe
- Germany
- K.
- France
- Spain
- Italy
- Rest of Europe
APEJ
- China
- India
- Malaysia
- Singapore
- Australia
- Rest of APEJ
Japan
MEA
- GCC Countries
- Israel
- South Africa
- Rest of MEA

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Point-to-Point Microwave Antenna Market Projected to Reach $9.6 Billion by 2033 with 8.7% CAGR Growth

As per the market estimates, the global point-to-point microwave antenna market value would reach US$ 4.2 billion in sales in 2023. According to the most cautious projections, this valuation is anticipated to reach US$ 9.6 billion representing an annual growth rate of 8.7% following 2023.

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The global demand for point-to-point microwave antennas grew at an 8.3% average annual growth rate during the years 2017 to 2022. Based on the market survey figures, the net worth of total point-to-point microwave antenna products sold in the year 2022 reached US$ 3.8 billion. Our most recent analysis predicts a major shift in the point-to-point microwave antenna market during the forecast years compared to the 2017 to 2022 survey period.

Communication across every network is increasing as a result of the higher penetration of smart devices over time has increased the demand for point-to-point microwave antennas. Also in many other areas of applications, such as satellite or defense communication, which transmit and receive data point-to-point, a microwave antenna is crucial. In addition to this, proper structuring of the distribution channel, and contracts with the governments of different countries have also boosted sales recently.

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Key Takeaways from the Point-to-point Microwave Antenna Market Study Report

Rapid technological advancements in microwave antenna devices are poised to keep the market in the United States profitable during the forecast years. Over these ten years, the regional market is projected to progress at 8.4% and reach a net worth of US$ 1.9 billion by 2033.
The sales of point-to-point microwave antennas by German manufacturers are anticipated to expand at a CAGR of about 3.5% within the European Union. The net value of microwave antenna products to be originated by Germany is poised to reach US$ 575.2 million by the end of the year 2033.
In the Asia Pacific region, China is the leading market in the production of point-to-point microwave antenna equipment and is growing at an 8.9% growth rate. Further, the regional players are expected to continue this higher growth rate until 2033 for a net valuation of US$ 1 billion.
Meanwhile, the sales of the point-to-point microwave antenna market in India are growing at an even higher rate of 9.3% these days. By holding on to this lucrative year-on-year growth, the regional players might take the overall market up to US$ 798.1 million by 2033.
Japan is another notable geographic market in the Asia Pacific region having a strong market of point-to-point microwave antenna systems. After, the introduction of 5G, domestic demand has revived which could develop the regional market at a 2.2% annual growth rate.
Among the different types of microwave antennae, the parabolic antenna segment is projected to register a CAGR of 9.1% through 2033. Meanwhile, the affordability of the flat top antenna segment is expected to keep its market share intact during the projected years.
Based on polarization, the dual polarization antenna segment captures the dominant share of the revenue generated by the market globally. Until the year 2033, this market segment is poised to progress at an annual rate of 8.7% as per the FMI report.

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Competitive Landscape for the Point-to-point Microwave Antenna Market Players

CommScope Holding Company, Inc., Infinite Electronics International, Inc. (radioWaves), Radio Frequency Systems, mWAVE Industries, LLC, Rosenberger, TESSCO Incorporated, Wireless Excellence Limited, LEAX Arkivator Telecom AB, Astrec Baltic Ltd., and Kavveri Telecoms among others are some of the major players in the global point-to-point microwave antenna market.

Point-to-Point Microwave Antenna Market: Key Segments

By Frequency Range:

3.6 GHz to 9.9 GHz
10.0 GHz to 29.9 GHz
30.0 GHz to 86.0 GHz

By Diameter:

0.2 m to 0.9 m
1.0 m to 3.0 m
3.0 m to 4.6 m

By Antenna Type:

Parabolic Antenna
Flat Panel Antenna
Others

By Polarization:

Single Polarized Antenna
Dual Polarized Antenna

Region:

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

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Base station analysers market- New Technological Development Projecting Massive Growth till 2027

The global deployment of base station analyzer is anticipated to constitute more than 200 (‘000) units in 2019 due to the IT and telecommunications sector’s ongoing need. According to a recently released research report that analyses the base station analyzer market, revenue in the about US$ 1 billion market is expected to increase by little over 5% annually over what it did in 2018.

Although the semiconductors & electronics vertical has the greatest potential for base station analyzer installation, the industry’s combined revenue share with the IT & telecoms vertical is expected to be greater than 55% in 2019.

The dramatic transformation of telecom industry, exceptional Internet reach, and rapid IoT penetration across industry verticals will reportedly continue to boost deployment of base station analysers in developing markets of China and India. Whereas, Japan is also cited as a highly lucrative investment pocket for base station analyser manufacturers, apart from Europe and North America.

VIAVI Solutions Inc. Launches First-ever 5G Base Station Analyser

The report underscores significance of 5G and other next-generation technologies that are currently in the limelight of strategic developments of key companies operating in base station analysers market. Leading manufacturers offering high performance base station analysers to support already in-operation WiMAX, 2G, 3G, and 4G networks, are currently shifting their focus on developing base station analysers with optimum operability for the upcoming 5G connectivity.

Escalating installation of wireless technology infrastructure is cited as the most prominent factor propelling base station analyser demand worldwide. VIAVI Solutions Inc., one of the market leaders, recently unveiled the industry’s first ‘true’ 5G base station analyser that caters to the demands of 5G NR and 5G TF standards. Claimed to possess the capability of validation and troubleshooting of 5G radio access, the CellAdvisor 5G is all set to strengthen the company’s relationships with the Tier 1 customer companies – fueling more product innovation.

Impressively Positive Prospects for 5G Technology to Earn Lucrative Position for APAC

Rapid 5G technology penetration has been closely assisting the growth of Asian market in the base station analyser landscape. It is further strengthened by an increasing number of foreign direct investments across Asia Pacific, especially in China and India.

Growing criticality of high speed Internet connectivity, coupled with brisk adoption of advanced technologies across industries, is likely to provide a major push to Asia’s base station analyser demand in coming years.

Preview Analysis On Base Station Analyser Market: Rapid Deployment of Advanced Network Technologies such as LTE, LTE-A, 4G, and 5G Contributing to Growth: Global Industry Analysis 2013 – 2018 and Opportunity Assessment 2019 – 2027: https://www.futuremarketinsights.com/reports/base-station-analyser-market

The report emphasizes analysis of the pivotal role of government driven FDIs that have been creating lucrative business opportunities residing in developing Asian economies, for globally leading brands in the base station analyser marketplace.

Elevating Next-gen Technology Deployment Uplifts Developed Regional Markets

North America, the key market for base station analyser manufacturers, is projected to maintain an important position in the global landscape owing to strong governmental and regulatory support for 5G technology adoption. Looking at the pace of the expansion of next-generation technologies across North American region, it is more likely that the regional market for base station analyser would witness the emergence of a heap of 5G wireless applications in the near future.

While the US is reportedly the first-ever country to cater to large scale 5% wireless applications, research forecasts a healthy growth outlook for base station analyser market in the US. Europe on the other hand has already been deploying a slew of next-gen technologies in the wireless category and thus is likely to retain high potential business opportunities for base station analyser manufacturers, in coming years.

Shipments of Benchtop Base Station Analysers Facing Stiff Competition from Portables

Superior performance and endurance continue to enable benchtop base station analysers retain a winning market value share of around 40%, over their portable and handheld counterparts. Portable base station analysers are however slated to represent an attractive pool of opportunities.

While advanced functionality of benchtop base station analysers allows their deployment to remain higher than other counterparts, the report highlights their installation for RF testing and wireless applications as a significant factor impacting segmental growth. Witnessing rising popularity in the ICT industry, portable base station analysers are likely to witness growing demand – specifically from network engineers and RF test engineers.

Manufacturers to Maintain Focal Point on a Stronger Distribution Network

The deep-dive evaluation of the global competition landscape of base station analysers market points to a majority of prominent players in market eyeing the opportunities in expanding the global distribution network. Manufacturers are likely to nurture contractual partnerships with leading vendors, in an effort to firm up the foothold in marketplace.

The study covers some of the leading players competing in global base station analysers landscape, which include but are not limited to RF Industries, Keysight (Formerly Agilent), Anritsu, Tektronix, fieldSENSE, GW Instek, Rohde & Schwarz, Fluke Corporation, Rigol Technologies Inc., and CommScope.

Key Segments

By Product Type

Handheld
Portable
Benchtop

By Vertical

Aerospace and Defense
IT & Telecommunication
Semiconductors & Electronics
Others

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