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CO2 Laser Market Competitive Growth Strategies Based on Type, Applications, End User and Region

CO2 laser, invented in 1964, is a high power laser used for cutting through ferrous and non-ferrous metals. CO2 laser is a mixture of various gases like carbon dioxide, nitrogen, helium, xenon and/or water vapor and even hydrogen sometimes. Due to their high power capabilities, CO2 laser are widely used in industrial applications for cutting, engraving, and welding. In 1984, CO2 laser was approved by the U.S. Food and Drug Administration (FDA), making its application in the healthcare industry more mainstream.

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Use of CO2 laser causes less bleeding, less pain and a significantly reduced risk of infection, making it a preferred choice in medical and cosmetic surgeries. CO2 laser is since being used as an incision tool in various surgeries, like dermatology, neurosurgery, otorhinolaryngology, plastic surgery, gynaecology and ophthalmology. Apart from these, CO2 laser also finds applications in military, communications and different manufacturing industries, making it one of the most widely used type of laser in the industry.

CO2 Laser: Market Dynamics

CO2 laser finds its applications in a number of manufacturing industries as well as in health and diagnostics field. CO2 lasers are used for cutting highly precise designs from materials of varying thickness, at a high speed. Hence, they are used in cutting, welding and drilling components, ranging from very small to large sizes. CO2 lasers have become a go-to choice for cosmetic surgeries like skin lesion and anti-aging surgeries. It is also being used in various complex surgical processes like neurosurgery, spine surgery and ophthalmology, among others, where large excisions are involved and anticipated loss of blood is significant.

Use of CO2 laser in design for manufacturing (DFM) has been gaining prominence in a number of manufacturing industries. DFM helps manufacturers make a manufacturing process easier, economical and efficient, by checking if a product design can be put into manufacturing process. With the use of CO2 lasers, manufacturers are now able to incorporate more complex designs into manufacturing process, as CO2 lasers are capable of achieving high precision cutting even for complex designs. On the other hand, CO2 laser is increasingly being used in military applications, for LIDAR imaging, which serves as a better alternative to satellite imaging, due to its higher accuracy in imaging.

CO2 laser is anticipated to witness significant competition from fiber lasers, especially in micromachining applications, as they are cheaper and precise as compared to CO2 lasers. But given its unparalleled advantages in diagnostics and manufacturing sectors, CO2 laser market is anticipated to witness a robust growth in the coming years.

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Regional Outlook

East Asia region is expected to dominate the global CO2 laser market, owing to the high demand from electronics, semiconductors and manufacturing industries in China, Japan, and South Korea. East Asia is anticipated to grow the fastest in the CO2 laser market, driven by the growing manufacturing sector in India. Europe is also expected to hold a dominant share and grow at a moderate pace in the global CO2 laser market, owing to the maturity in the adoption of CO2 laser in various end use industries. North America is also expected to exhibit similar growth pattern in the CO2 laser market growth.

Regional analysis includes:

North America (U.S., Canada)
Latin America (Mexico, Brazil, Argentina, Chile, Peru)
Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordics)
South Asia (India, ASEAN, Others)
East Asia (China, Japan, South Korea)
Oceania (Australia, New Zealand)
Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with CO2 Laser market attractiveness as per segments. The report also maps the qualitative impact of various market factors on CO2 Laser market segments and geographies.

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By Market Segmentation

The overall CO2 Laser market can been segmented on the basis of application as:

Therapeutic & Diagnostics
LIDAR Imaging
Cutting & Perforations
Welding
Drilling

The overall CO2 Laser market can been segmented on the basis of output power as:

Up to 50 W
50 W to 500 W
500 W to 1000 W
Above 1000 W

The overall CO2 Laser market can been segmented on the basis of end use sector as:

Military & Defence
Aerospace
Metal Processing
Healthcare
Manufacturing
Automotive
Telecommunication

Market Participants

Some of the key market participants identified in the CO2 Laser market across the globe are:

TRUMPF
Coherent, Inc.
FANUC CORPORATION
Han’s Laser Technology Industry Group Co., Ltd
El.En. S.p.A.
LIGHTMACHINERY, INC
AMTEC
Epilog Laser
Control Laser Corporation USA
Kern Electronics & Lasers, Inc.
PRC Laser Corporation

Tissue Paper Converting Machines Market Study: Demand Bolstered by Ascending Sales of Compact and High-end Tissue Paper Products

Worldwide sales of tissue paper converting machines reached ~3 thousand units in 2018, unveils the new research study by Future Market Insight (FMI). According to the report, the tissue paper converting machines market is estimated to grow by ~5% YOY in 2019, primarily influenced by recent technologies for enhancing tissue paper formats. According to FMI’s report, increasing focus on strength, printing and embossing quality, and production cost-effectiveness of tissue paper is contributing to the build-up of tissue paper converting machines market through 2027.

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In 2018, Gambini launched AirMill, the innovative technology that enhances the embossing technology and transformed the conventional tissue paper into increasing volume and good absorbency without compromising its tensile strength. Consumer proclivity for soft and high absorption quality tissue paper, combined with good strength and compact format, will also continue to provide a fillip to the sales of tissue paper converting machines in 2019 and beyond.

Companies Investing Heavily in Capacity Expansion of Tissue Paper Products

As per FMI analysis, the consumption of tissue paper in last three years has rapidly increased owing to the growing concern around hygiene maintenance. As tissue paper is used for one time only, it helps to prevent chronic disease spread. This creates a huge opportunity for tissue paper key players. The tissue paper manufacturers have started investing in capacity expansion and quality management.

On 27 November 2018, Cascade Inc. invested US$ 58 million to modernize tissue converting capacity at its Wagram, NC plant.
In 2018, Metsa Tissue, replaced its old machines with an increased capacity machine having production capacity of 10,000 Tones. In order to deal with the growing demand of tissue paper in West European region, the company started new away-from-home, converting lines at its Germany plant.

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Implementation of Hybrid Technology in Industries Creating New Opportunities

In order to deal with market competition, key players are laying maximum focus on developing innovative and integrated technologies of tissue paper converting machines. In 2018, Gambini S.p.A. one of the leading manufacturers of converting machineries, introduced Gambini for You (G4U) – Pilot Line along with the strategic partner AirMil. This consists of a pilot line from the unwinders to the log saw with the format 2.8m and speed up to 550 m/min. Moreover, Fabio Perini S.p.A. recently launched MyPerini, a complete range of converting and packaging line for tissue papers.

Toilet Roll Converting Machine Lines Gaining More Traction

As per FMI’s study, the demand for toilet roll converting line is dominating the global market of tissue paper converting machines. The key players can skip the use of rewinding of logs using advanced toilet tissue paper converting lines. It is witness that the demand for toilet tissue paper is growing significantly in Asia Pacific and North American regions. As per the report, the global sales of toilet roll converting machines poised to reach ~2 thousand units in 2019. Following this, the demand for kitchen roll converting machines is estimated to shoot up by the end of 2027, as the European consumers have a higher demand for kitchen tissue paper in consumer and hospitality sectors.

The modern converting machines maintains the embossing and printing quality during tissue paper formatting. The sales of folded tissue paper converting machine lines will continue to remain less, reveals the FMI study. Owing to an increasing preference of pocket tissue papers, the demand for paper napkin converting machines is expected to be bearish during 2019-2027. The market share for standalone machines will remain constant due to increasing preference of integrated technology based machineries.

This study underlines key opportunities in the tissue paper converting machines market and finds that the market would exhibit growth at a value CAGR of ~5% during forecast period, 2019-2027. For in-depth information on tissue paper converting machines market, write in to the analyst at media@futuremarketinsights.com

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Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.

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Pallet Jacks Market Competitive Growth Strategies Based on Type, Applications, End User and Region

Pallet Jacks Market Overview

Pallet jacks are also called as fork lifts or pallet trucks. These are used for material handling in warehouses, manufacturing, etc. These are commonly made of stainless steel. Starting from First Industrial Revolution, which used steam power to automate the production to Fourth industrial revolution, which is drven by digitization, material handling has transformed into new form in each phases. Now fully automated electric pallet jacks with high load capacity are available in the market. Pallet jacks play a vital role in material handling. These help in loading and unloading of the bulk goods.

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These are also used in inbound transportation of bulk goods from one corner of the warehouse or production floor to other corner. Manufacturers are very much concerned about their production efficiency and reducing the lead times. Material handling is a time consuming process if not handled properly, which may result into unproductivity and not meeting the production targets and deadlines. Manufacturers are continuously investing in transformation of their production facilities to modern technologies. Automating the material handling process improves production efficiency and reduce the lead times. Labor cost can also be optimized in the long term, as technology & equipment require a one time investment.

Global pallet jacks market has a considerable correlation with global material handling equpments (MHE) market. Global material handling equipments market is estimated to reach approximately US$ 120.0 Billion, by 2018. The global MHE market is expected to driven by emerging markets e.g. India, China, Brazil, South Africa, Nigeria. Rising industrilization in Asia Pacific, Latin America and Africa regions is expected to drive the regional growth during the forecast period.

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Increasing adoption of advanced technologies, such as Internet of Things (IoT), RFID, robotics, smart labels, voice recognition etc. in material handling is driving the overall global pallet jacks market. Manufacturers want to automate the production process, especially material handling, so that the production efficiency can be enhanced.

Manufacturers are leveraging manufacturing advantage to beat the fierce competition in market. Smart factories with smart material handling will reduce the labor cost and speed up the production process. Pallet jacks play a vital role in transportation of goods from warehouses to store shelves (inventory replenishment) at right time and right condition is vital in supermarkets and hyper markets. Growing competition from material handling processes such as conveyors and robots is hampering the demand for pallet jacks.

Robots are smart compared to pallet jacks and avoid collisions and accidents during material handling process. Robots may not need human interference during material handling process unlike pallet jacks. As robots cost very high compared to pallet jacks, still pallet jacks dominate over robots and other substitute products, by market share in the global material handling equipment market.

Global Pallet Jacks market: Key Players

Some of the key players operating in the global pallet jacks market are – Toyota Motor Corporation, Jungheinrich AG, Raymond Corporation, Yale Materials Handling Corporation, Caterpillar Inc., Clark Material Handling Company Inc., Crown Equipment Corporation, Komatsu Ltd., UniCarriers Corp., Combilift Ltd., Godrej Material Handling, Carborundum Universal Limited (CUMI), Jost’s Engineering Company Limited, Patel Material Handling Equipment, Noveltek Industrial Manufacturing Inc., Niuli Machinery Manufacture Co., Ltd, Ningbo Ruyi Joint Stock Co., Ltd., SUZHOU PIONEER MATERIAL HANDLING EQUIPMENT&TECHNOLOGY CO.,LTD., Wesco Industrial Products, LLC and Mitsubishi Caterpillar Forklift America Inc. and others.

The global pallet jacks market is expected to witness new product launches during the forecast period. Manufacturers of material handling equipment are increasingly investing in new technology and design for material handling solutions. Manufacturers are entering in to collaborations and starting joint ventures (JVs). Global material handling equipment market is expected to witness a growing consolidation during forecast period.

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Key Developments, Merger and Acquisitions

In September 2017, Toyota Material Handling, U.S.A., Inc. (TMHU) launched new AC-powered walkie pallet jack with brand Tora-Max. The load capacity is 4,000-pound.
In October 2017, Jungheinrich’s horizontal order picker ECE and the electric ride-on pallet truck ERE have won the “German Design Award 2018” in the transportation category.

Conclusion

Global pallet jacks market is expected to expand at a lucrative CAGR during the forecast period, due to growing industrialization in emerging markets. Manufacturers are constantly investing in infrastructure upgradation, so that the overall production efficiency can be enhanced and manufacturing advantage can be achieved. The market is expected to witness rising consolidation during the forecast period.

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 geographies, application, and industry.

Global Agricultural Equipment Market Will Expand At A Steady CAGR Of 4.8% Between 2021-2031 And Valuation Is Set To Reach US$ 65 Bn By 2021 End

The agriculture equipment market will expand at a steady CAGR of 4.8% between 2021 and 2031. The market valuation is set to reach US$ 65 Bn by 2021 end. Owing to the increasing adoption of modern farm machinery, agriculture equipment sales are anticipated to reach around 6.7 Mn units by 2031. The Agricultural Equipment Market witnessed a year-on-year (YOY) growth of 3.7% between 2020 and 2021, with top 5 market players collectively accounting for 44% market share in 2021.

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The agriculture industry is under constant pressure to address the food security issue. Farmers across the world are employing various equipment to increase food production. These machines minimize the manual labor and reduce turnaround time.

Growing popularity of precision farming is augmenting the demand for modern agricultural equipment. With the integration of artificial intelligence (AI) and internet of things (IoT), the sales of agriculture equipment are soaring. Smart farming is gaining traction. Introduction of electric agricultural equipment has completely changed the market scenario. These equipment does not only minimize the emissions but also reduce costs and improve efficiency.

New trends of agricultural robotics and driverless machines are attracting large number of farmers to upgrade their equipment systems. As per FMI, the agricultural equipment market will surpass a valuation of US 65 Bn by 2021 end.

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Key Takeaways from FMI’s Agricultural Equipment Market Study

Europe dominates the ground support equipment market as a result of increasing agricultural mechanization and presence of leading manufacturers. The market in the region is set to register steady growth at 4.4% CAGR between 2021 and 2031.
The U.S. is expected to register a strong CAGR during the forecast period as a result of rapid technological advancements and availability of equipment leasing.
With implementation of favorable governmental policies, China is anticipated to emerge as the leading market for agricultural equipment.
Top 5 players operating in agricultural equipment market collectively account for 44% market share.
By product type, tractors dominate the agricultural equipment market with their multipurpose nature.

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Competitive Landscape

Key players operating in agricultural equipment market are investing heavily on research and development activities. They are adopting various organic and inorganic growth strategies such as mergers and acquisitions, advanced product development and collaborations to gain a competitive edge in the market. For instance,

World Barcode Scanner Market Is Estimated To Be Worth US$ 7 Bn In 2021 And Is Expected To Grow At A CAGR Of Over 7.6% Between 2021-2031

As per newly released data by FMI, the barcode scanner market is estimated to be worth US$ 7 Bn in 2021. The market is expected to grow at a CAGR of over 7.6% between 2021 and 2031. Increase in healthcare sector is expected to increase the demand for barcode scanners over the assessment period.

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Despite challenges posed by COVID-19 outbreak, the barcode scanner demand increased with a rapid shift from handheld laser scanning to imaging solutions. North America will remain as a leading market, accounting for over 30% value share in 2021. Barcode scanner demand outlook for North America is expected to remain positive with the healthcare sector touted as leading contributor. The advent of barcode technology has greatly reduced the hassles of tracking supply and commodity sale records for retailers across the globe. Over the years, the technology has been consistently improved and made more efficient.

Currently, barcode solutions are being used across various domains owing to their exponential capabilities in systematically recording information such as product count, date of manufacturing, date on which the product was supplied to the retailer and selling price. Moreover, the emergence of e-commerce and intra-regional markets that offer specialized services to a wide range of sectors has further expanded its application base.

Future Market Insights (FMI) in its latest report titled “Barcode Scanner Market: Global Industry Analysis and Opportunity Assessment, 2021–2031” reveals that use of barcode technology is rapidly rising in both retail and manufacturing industries. Barcode scanners have become one of the best solutions for recording product information without making any major manual effort.

The technological advantages and cutting-edge features of barcode scanners are also making them popular in the healthcare industry. Barcode technology can help rectify medication errors, medical practitioners and physicians can easily get information about medicines as well as their manufacturing dates.

The report further cites that the global barcode scanners market will account for about US$ 7 Bn by 2031-end. During the same duration, the market is also expected to reflect a CAGR of 6.4% in terms of volume, reaching 38.7 Mn units over 2031-end.

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Additional Highlights of the report Include:

Laser-based scanner is expected to remain as the prime technology. Laser scanners are widely used in regions with established manufacturing and retail sectors such as Western Europe and North America. By the 2021-end, laser scanners are estimated to accounts for 32.3% revenue share of the market and will continue to be the most preferred barcode reader technology throughout the assessment period.

However, camera-based reader is anticipated to see the fast adoption as these scanners are innovative and configured with advanced 2D imaging technology. Based on product type, portable/handheld scanners are expected to remain top choices of barcode scanners amongst consumers over the forecast period.

Owing to characteristics such as faster print speed and versatility, demand for portable/handheld barcode scanners is rapidly increasing in various parts of the world. Use of barcode scanners in the retail and commercial sector continues to be the highest and is expected account for a major chunk of revenue over the forecast period. Meanwhile, the healthcare industry is swiftly adopting the barcode technology as well.

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Amongst regions, markets in Asia Pacific excluding Japan (APEJ) and North America are expected to exhibit high growth potentials. In APEJ, China and India are projected to achieve impressive growth of their barcode scanner market. By 2017-end, the region is projected to account for a revenue share of 29.5%, which is expected to increase to 33.8% towards the end of the forecast period.

Key Players:

Market players are targeting APEJ as their key sales region. Zebra Technologies Corporation, Honeywell International Inc., DataLogics S.P.A, Cognex Corporation, OCOM Technologies, Wasp Barcode Technologies, JC Square Inc., SATO Holdings Corporation, Scandit AG and Toshiba TEC Corporation are some of leading companies profiled in the FMI report.

Global Submersible Pump Market Valuation Totaling US$ 8.80 Bn In 2021 And Expected To Increase At 5.1% CAGR Between 2021-2031

Globally, sales in the submersible pumps market are set to be valued at US$ 978.5 Mn in 2021, with a stable long-term projection. According to latest analysis by Future Market Insights (FMI), the submersible pumps market is poised to expand at a 5.1% CAGR over the forecast period 2021-2031.

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Sales of submersible pumps were however dampened due to the outbreak of the COVID-19 pandemic. Disruptions in supply chain and suspended production activities in the oil and gas sector resulted in stagnated demand for submersible pumps.

Submersible pumps manufacturers are focusing on launching cost-effective and high efficiency products to improve sales. Governments of emerging economies in Africa and Asia, particularly in countries such as India, China and South Africa, are increasing efforts to improve access to drinking water in rural as well as urban areas, which in turn is benefiting the market.

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“Initiatives undertaken by governments for waste water management and encouraging the use of technologically-driven equipment in agricultural sector are expected to spur the demand for submersible pumps,” said Future Market Insights analyst.

Key Takeaways:

By product type, borewell submersible pumps are expected account for half of the global market in terms of revenue by the end of the forecast period.
By head type, above 100 m pumps are expected to gain popularity over the forecast period owing to increasing demand for water distribution application.
By Application, demand from municipal sector is anticipated to grow at 5.5% CAGR over the forecast period.
East Asia has the leading share in terms of volume. However, Europe is projected to account for highest value share. Industrialization in emerging economies of Asia will increase the demand for submersible pumps over the forecast period.
China and Japan will continue spearheading growth in East Asia.

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Competitive Landscape

Some of the key submersible pumps manufacturers include Kubota Corporation, Wacke Neuson Group, Atlas Copco, ABKSB SE & Co. KGaA, Xylem Inc.,Ebara Corporation, Grundfos, Sulzer AG, The Weir Group PLC, Tsurumi Manufacturing Co., Ltd. Kriloskar Brothers Ltd., Flowserve Corporation.

The global submersible pumps market is fairly fragmented owing to the presence of several players across the globe. Moreover, leading share in the market is accounted by unorganized players which is estimated to be at around 50%-55%. Key market players are focusing on research and development to expand their product portfolio. Besides this, they are actively investing in mergers, acquisitions, and strategic collaborations to expand their global footprint.

Global Telecom Tower Power System Market To Expand At Over 6.7% CAGR From 2021 – 2031 And Overall Valuation Forecast To Reach US$ 3.5 Bn

The telecom tower power system market is expected to register year-on-year growth at 5.8% in 2021, with the overall valuation forecast to reach US$ 3.5 Bn. As per a Future Market Insights (FMI) analysis, sales of telecom tower power systems is expected to increase at 6.7% CAGR between 2021 and 2031. According to the study, the overall telecom tower power system market worth is expected to reach US$ 6.7 Bn by 2031. While outdoor telecom tower power systems are expected to remain dominant, indoor telecom tower power system will witness a surge in demand, exhibiting growth at 7.1% CAGR in 2021.

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According to Future Market Insights, expansion of telecom infrastructure facilities to cover rural and other remote areas has led to stronger demand for telecom tower power systems. Rapid technological advancements in production technologies are also projected to complement market growth in the near future.

In spite of the recessionary effect of the COVID-19 pandemic in 2020, the telecommunication industry in terms of essential service sector has remained unaffected. With the continual demand for high energy efficient solutions, growth of telecom tower power systems is expected to reflect an upward trajectory for the foreseeable future.

The growing requirement of mass production has resulted in increased importance of process automation. The market is shifting towards Industry 4.0 norms, leading to the promotion and universal adoption of new production technologies. Increasing number of players focusing on research and development related to telecom tower power systems is anticipated to contribute towards market growth in the years to come.

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Key Takeaways from Telecom Tower Power System Market Study

Outdoor telecom tower power systems are projected to hold over 54% of the global market share in 2021, supported by the availability of superior configurations.
The diesel generator + battery segment is set to hold over 41% of the market share as a power source by 2031-end, supported by investments into renewable energy systems.
The U.S. will remain a primary market, backed by rising demand from the energy sector. It is expected to account for over 86% of the demand registered in North America in 2021.
The markets in India and China are set to surge at CAGR of approximately 8% and 7% over the coming decade.
Russia is emerging as a key market in Europe, with a valuation of over US$ 154.5 Mn in 2021, driven by presence of massive telecom infrastructure network.

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“The telecom tower power system market is growing at a strong pace driven largely by increasing demand for energy efficient power systems. Increasing investments in the telecommunication industry for the expansion of telecom infrastructure projects will create extensive opportunities for telecom tower power system manufacturers. Industry participants are investing in expansions, strategic alliances, and energy efficient solutions to gain a competitive advantage,” says a Future Market Insights analyst.

Competitive Analysis:

The telecom tower power system market is moderately consolidated, with key players accounting for more than 55% of the market share. These players are likely to invest in new technology developments and expansion of their distribution networks in order to maintain their market presence. Some of the key players in this industry include but are not limited to Delta Electronics Inc., Cummins Inc., Huawei Technologies Co., Ltd, Eaton Corporation PLC, Vertiv Group Corporation, STMicroelectronics NV, ZTE Corporation, and ABB Ltd.

Demand for telecom tower power systems is increasing with the rise in the volume of telecom tower networks in recent years. This can be attributed to an increase in investments and expansion of new telecom infrastructure projects in developing nations.

Braille Labels market has witnessed a strong growth in the last few years due to growing urbanization and increasing literacy rates

Braille Labels Market Overview

With the advent of modernization, the technology has evolved so far to overcome the challenges faced by the differently abled people. Some of the companies in the packaging industry also introduced few packaging solutions that help them to recognize products readily. Braille label is an example of such product which allows blinds people to read text with the help of their fingertips. Also, these labels are used to produce custom stickers which are used for different applications.

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Braille labels are clear, blank self-adhesive labels applied to labels items such as household appliances, canned foods, greeting cards, books, and CDs. These labels also find its application in pharmaceutical packaging. Packaging industry is witnessing a strong growth through the introduction of new products with high technological advancements in the last few years. Use of braille labels has evolved to be used as standard packaging product on several products in the healthcare, household, and paper industry.

Braille Labels Market: Market Dynamics

Braille labels market has witnessed a strong growth in the last few years due to growing urbanization and increasing literacy rates in the developing countries. Companies are also introducing products with braille labels on it. For e.g. a wine company, M. Chapoutier, based in France incorporated braille labels on its wine bottles to make it easier for the blind people to shop wine conveniently. Some researchers indicates that the world’s blind population will increase three-fold from about 35 million today to approximately 110 million in 2050 which is a significant rise in the next few decades.

This will create the high demand for the braille labels in the market. Some of the restraints in the braille labels market is the lower quality of the labels produced by the local manufacturers at higher prices. However, it is expected that the market will soon become fragmented with the rise in number of manufacturers in the market. Braille labels market offers significant opportunities for the new entrants and existing market players to increase the reach of their products to a global level.

Among the end use, pharmaceutical and paper & printing segment is expected to dominate the braille labels market, during the forecast period.

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Braille Labels Market: Regional Overview

On the basis of region, the Braille Labels market is segmented into seven regions which include North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific, Middle East & Africa, and Japan. The North America and Europe dominate the market due to high technological advancements in the region with high focus of different end use companies to offer convenient packaging solution to every age group and also to differently abled people.

Also, some rules and regulations in the pharmaceutical industry make pharmaceutical companies to use blind-people friendly packaging solutions on their products. Asia-Pacific, Latin America, and MEA also offer untapped growth potential in the braille labels market. However, Japan already has high penetration of convenient and user-friendly packaging solutions such as braille labels.

Braille Labels Market: Market Players

Some of the key players in the Braille Labels market are American Thermoform Corporation, APH, Inc., LS&S, LLC, Pia – Accessible Printing Solutions, Rath Microtech, Quantum Technology Pty Ltd, Awards USA, Aspect Labelling Limited, Romer Etikett GmbH & Co KG, CCL Label GmbH, and Sleever International Company.

The report covers exhaust analysis on:

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

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Regional analysis includes:

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Braille Labels Market: Market Segmentation:

Braille Labels Market Segmentation: By Material Type

Plastic
PET
PE
Others
Paper

Among the material type, plastic material is widely used for the production of braille labels in the market.

Braille Labels Market Segmentation: By Application

Bottles & Jars
Books & Envelopes
Cans
Household Appliances
Others

Braille Labels Market Segmentation: By End Use

Pharmaceutical
Paper & Printing
Household
Food & Beverages
Others

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Power Generator for Military Market To Progress At 3.4% CAGR Between 2020 – 2030

Efficient and reliable source of power supply is crucial to guarantee successful operations in the military and defense sector. Consequently, the sector has emerged as a lucrative avenue for compact, low-maintenance, and possibly transportable generators that can offer continuous or emergency power supply as required. The market offers significant scope for the implementation of improved technologies and footprint expansion. With various governments around the world increasing their military expenditure, the demand for advanced and tactical equipment will rise.

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Market experts see the ongoing trends as highly favorable for the growth of Military Power Generator Market within the military and defense sector. Future Market Insights’ (FMI) study on the subject has forecast the market to progress at 3.4% CAGR between 2020 and 2030.

Power generators are used for various tactical operations within military agencies. On account of changing landscape, the inclination towards compact and lightweight designs is higher. These generators are touted as advanced equipment that offer robust output at low cost. Driven by the demand for improved fuel efficiency, sales of compact generators are expected to pick up in the coming years.

According to FMI, the demand for advanced and fuel-efficient generators will accelerate in the coming years. Increasing budget allocation towards strengthening the defense sector will subsequently aid the expansion of the market. FMI’s report on the power generator for military market highlights the specific needs of the defense and military sector. It identifies hidden growth opportunities for the market players, besides cautioning them against potential threats.

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Some of the key takeaways from the report are:

Market players are likely to witness attractive growth opportunities as military agencies focus on establishing integrated power systems. This will invariably fuel the demand for generators
Hybrid generators are likely to comprise an exceptionally lucrative product category. Ensuring environment safety is high on the agenda of military agencies. They are keen on investing in fuel-efficient technologies that will also offer significant cost reduction
Backed by increasing military spending, North America is forecast to emerge as dominant market for power generators
While diesel will remain preferred fuel type, tightening environmental laws will boost growth prospects for natural gases as potential sources of fuel
Demand power generators will remain significantly high in field hospitals and field camps and accommodations

Competitive Analysis:

Leading companies operating in the power generator market have an impressive global presence backed a strong distribution and sales network. Because the market is fairly consolidated, Tier 1 companies are expected to account for the lion’s share. Market players will primarily focus on expanding their global footprint and product portfolio. Considering this, besides mergers and acquisitions, product launches will remain highly preferred strategic moves among competitors.

FMI profiles some of the leading companies operating in the global market. These include Cummins Inc., Caterpillar Inc., Rolls-Royce Holdings plc, HIMOINSA, Harrington Generators International, Teknel srl, GRUPEL S.A., VÝVOJ Martin, HITZINGER GmbH, Fischer Panda GmbH, Ascot Industrial S.r.l., GREEN POWER SYSTEMS S.r.l., Kohler Co., Kirloskar Oil Engines Ltd., and Ausonia S.r.l.

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The COVID-19 Impact

The COVID-19 outbreak has sent shockwaves across the globe. Experts even presume it to be the worst crisis the world has witnessed in recent past. The crisis was unprecedented, resultantly it crippled the manufacturing sector of some of the major economic powerhouses. By the time the global economy recovers from the jolt, manufacturing is expected to be among the worst-hit sectors. The incredible slump in investment, subsequently revenue generated within the industry paints a gory picture.

2 Piece Cans Market 2022 Industry Research, Segmentation, Key Players Analysis and Forecast to 2027

2 Piece Cans Market Overview

Cans are used to contain a variety of products including beverages, aerosol products, paints, foods and many other products. The cans used for storing food and beverages are generally made up of metals such as aluminum and steel. The two basic types of cans are manufactured today, namely – 2 piece cans and 3 piece cans.

2 piece cans are made by forming a cup-shaped container with one piece of steel or aluminum. It can be produced by two manufacturing processes including draw-redraw process & draw-and-iron process. 2 piece cans were developed as a replacement for 3 piece cans. It has various advantages over 3 piece cans. 2 piece aluminum and steel cans have only one seam around the top end.

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It is noticeable that 2 piece cans would eliminate long seam and a double seam and thus impede two sources of potential leakage. 2 piece requires up to 15% less material compared to 3 piece cans. And 2 piece cans provides much safer packaging solutions compared to 3 piece cans as the technology used for packaging drinks in 2 piece cans non-toxic, odorless and rust preventive.

Market Dynamics: 2 Piece Cans Market

Consumers use cans for a variety of purposes, it is the most widely used containers worldwide. It is estimated that about more than 100 million cans are consumed each day within U.S. only. The can manufacturing process has changed remarkably since its beginning. The labor-intensive industries some years ago, now have been replaced by automated means, and produces billions of cans per year.

Raw materials and energy accounts for the largest share of the variable 2 piece can production. Also, the prices of aluminum and steel plates, sheets readily change. With the surge of import and export of steel since last decades, the cost of steel has dropped. It creates an opportunity for the manufacturers looking forward to investing in the 2 piece cans production. Also, 2 piece cans have various advantages over other types of cans, some of the benefits are-

The body has no seam between the body and has no side seam, and it allows can to be tightly sealed with low consumption of raw materials.
The 2 piece can body can be entirely printed and decorated.
The process of manufacturing is easy and efficient.

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Also, these 2 piece cans are hermetically sealed containers designed to keep food inside fresh in texture and taste. These factors are expected to drive the growth of global 2 piece cans market over the forecast period.

Research Methodology: 2 Piece Cans Market

The sources which have been used to validate the estimated market size include annual reports of key market players, industry journals & magazines, research papers, and other relevant data available in the public domain. Primary sources referred include focused discussions with C level executives, distributors, independent consultants, and key industry experts, among others.

Facts about Can Recycling:

Among materials which are used for the manufacturing of 2 piece cans, aluminum is expected to be the most sustainable package. Aluminum cans have a higher recycling rate and it has more recycled content than other competing packaging types. The below exhibit represents the advantage of aluminum over other beverage packaging types and comparative analysis on the basis of recycling rate.

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Companies operating in the 2 piece cans market:

Tier 1 Companies in 2 piece cans market, revenue above US$ 100 Mn:

Ardagh Group
Ball Corporation
Silgan Containers LLC
Crown Holdings Inc.

Tier 2 Companies 2 piece cans market, between US$ 50 Mn – US$ 100 Mn:

Pacific Can China Holdings Limited
Helvetia Packaging
Nampak
Bway Corporation
DS Containers
ITW Sexton
Metal Packaging Europe
Anheuser-Busch Inc.

Tier 3 Companies 2 piece cans market, revenue below US$ 50 Mn:

Royal Can Industries Company Limited
Baosteel Co. Ltd.
Scan Holdings
Daiwa Can Company
Rocky Mountain Metal Container
Touo Seikan Co. Ltd.
Rocky Mountain Metal Container
Gebrüder Leonhardt GmbH & Co.

Some facts and figures:

In Japan, the market share for the 2 piece can is more than 80%, and is continuously growing. The demand for the 3 piece cans have been declining as the end user industries are looking for light weight can in order to cut down costs.
During the last decade, the production capacity of 2 piece cans in Korea was 5 billion cans, a 95% share in the beverage can market. Over the past years, the demand for 2 piece cans among the beverage suppliers has increased enormously.