MRI Pulse Oximeters Market Key Players, SWOT Analysis, Key Indicators and Forecast to 2029

Global sales of MRI pulse oximeters were valued at ~US$ 29 million in 2018, and are estimated to record a Y-o-Y growth of ~2% in 2019. As per the research findings of a new study by Future Market Insights (FMI), constant technological advancements in medical devices that target improved efficiency and convenience, have been sustaining the use of MRI pulse oximeters.

However, manufacturers are hard pressed to innovate, as the applicability of highly advanced pulse oximeters extends beyond MRI environments.

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mri pulse oximeters market pr image

Recent developments in medical devices allow for generation of real-time information, track past health records, identify potential issues, and devise effective treatment plans. FMI’s study finds that stakeholders in MRI pulse oximeters market are leveraging new sensor technologies, such as fiber optic SpO2 sensors to avoid conductive pathways, and improve device safety. With the approval of 7T MRI scanners, MRI pulse oximeters will further become the breeding ground for innovations and new developments.

A notable increase in the prevalence of chronic diseases has led to surge in the sales of high-end diagnostic machines, including those for MRI, and CT scanners, which in turn foster the demand for MRI pulse oximeters. Developed with non-magnetic components, MRI-compatible pulse oximeters have been gaining ground in early detection of critical congenital heart defects (CCHD) by accurately measuring the blood oxygen value of a newborn.

FMI study estimates that the MRI pulse oximeters market will register a CAGR of 2.4% during the given timeframe. High costs associated with MRI procedures have been creating a wave of reluctance among healthcare professionals and patients to adopt MRI pulse oximetry testing.

However, increasing popularity of medical tourism and favorable health insurance policies in both developed and developing countries are likely to attract patients towards expensive yet efficient MRI scan therapy, and subsequently drive the sales of MRI pulse oximeters.

MRI Pulse Oximeters – Extending the Traditional Functionality

The new-age medical technologies have transformed the way healthcare professionals and patients participate and interact with each other. Owing to rapid pace of technological advancements in healthcare industry, several medical devices have undergone a paradigm shift, and progressed significantly beyond their initial functions. In recent times, companies have been seeking to make their products stand out in an increasingly crowded market place, and some have invested heavily in design processes and capabilities.

Wireless MRI Pulse Oximeters Capture Significant Shares

Aligning with the rapid development of state-of-the-art medical devices and technologies, market players continue to increase the production of wireless MRI pulse oximeters that need not be connected to MRI machines. Operated through infrared (IR) or Bluetooth technology, wireless MRI pulse oximeters have also witnessed higher innovations and investments as compared to wired variants. As 6 in 10 units of MRI pulse oximeters sold in 2018 are wireless, manufacturers are specifically focused in this category. Additionally, MRI pulse oximeters without monitor continue to account for greater revenue share over their counterparts, as they can be coupled with a wide range of monitors.

According to the study, while business growth strategies remained influenced by the increasing adoption of MRI pulse oximeters in hospitals, manufacturers are working towards capitalizing on diagnostic laboratories and ambulatory surgical centers for expanded customer base. Increasing patient visits in well-equipped laboratories for complete diagnosis of diseases has also led to realignment of these strategies.

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Growth prospects of the MRI pulse oximeters market, as identified by the FMI study, are high in North America. Heavy investments in R&D activities on medical devices and technologies along with favorable reimbursement scenario in the region are likely to offer lucrative opportunities for the market players. In addition, manufacturers are viewing Asia Pacific from target market perspective, considering increasing healthcare expenditure and growing awareness of new medical devices in the region.

The new business intelligence also offers key insights on the competitive scenario in the MRI pulse oximeters market. As per the study, the market shows a high level of consolidation, with top two players including Nonin and Koninklijke Philips N.V. collectively accounting for ~41% revenue share. Filling gaps in their portfolio to master the diagnosis of chronic diseases, rather than focusing solely on one specific product category will be key focus area for the stakeholders.

Key Segment 

By Product Type

  • Wired MRI Pulse oximeters
  • Wireless MRI Pulse oximeters

By Modality

  • Sensor with monitor
  • Sensor without monitor

By End User

  • Hospitals
  • Diagnostic Laboratories
  • Ambulatory  Surgical Center

By Region

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

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Lip Fillers Market Poised to Expand at a Robust Pace | FMI

The global demand for lip fillers grew at ~3% YOY in 2018 to total ~ US$ 420 Mn, up from ~ US$ 408 Mn in 2017, finds the new market intelligence study by Future Market Insights (FMI). ALLERGAN, Galderma Laboratories, and Merz Pharma GmbH & Co. KGaA retain their lead as the top three companies in the lip fillers market space, followed by several other market players progressing up along the growth ladder with new product launches in the pipeline.

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While one-half of consumers investing in lip fillers look to boost their confidence levels, the other half will resort to these as quick fixes for facial perfection. Though lip augmentation wasn’t a mainstream concept a few decades ago, it is eventually carving out its own unique place in the global cosmetology space.

Millennials represent a very attractive category for lip filler manufacturers to focus on, given that the ones who are unhappy or self-conscious about their facial aesthetics are opting for these procedures to get appealing makeovers. The FMI analyst finds that a wide-range of safe and effective options will remain the key revenue level for companies active in the lip fillers market. In addition, these companies are also drawing upon the mega-trend of personalization via tailor-made lip filler solutions, which will further help them life their profit pools.

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FMI’s research study opines that lip augmentation with hyaluronic acid-based solutions will remain the most frequently requested procedures in aesthetic practices. This can be gauged by the fact that in 2019, hyaluronic acid will surpass Poly-L-Lactic Acid to account of ~ 94% of the global lip fillers-derived business value.

While hospitals continue to remain at the forefront of demand for lip filler solutions, adoption by office based clinics is likely to pick pace by the end of 2029, thereby making it an attractive end user target for market players to aim at. Market players are zooming in their focus onto long-term contracts with hospitals and office based clinics, which will be a key factor ensuring continued profitability and long-term growth, finds the FMI report.

East Asia Promises Untapped Corners for the Market Players to Explore

The FMI analyst finds that North America continues to be the leading market for lip fillers, with the US estimated to command ~ 94.5% of the regional market growth. As per the recent studies, in 2018, nearly 18 million people underwent surgical and minimally-invasive cosmetic procedures in the United States in 2018. This is a clear indication of the fact cosmetic surgical procedures in North America, which are on a significant rise over the past 5-6 years, are further set for a massive growth in the future.

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On the other hand, East Asia is emerging as the focal point for market players vying to make it big in the lip fillers market. With beauty standards seeing cyclical evolution in countries such as Japan, China, and South Korea, the East Asia lip fillers market is likely to promise some major expansion opportunities for the companies operating in the lip fillers market.

The FMI analyst is of the opinion that social media remains one of the biggest factors encouraging consumers to opt for lip fillers. With the selfie culture penetrating across consumer bases from different regions, lip fillers have become a highly feasible and readily accessible option for the consumers to get the ‘picture-ready’ appearance. However, potential risks associated with the use of lip fillers, including temporary bruises and permanent tissue spoilage, continue to daunt consumer confidence and, calling for safe and reliable variants to make their mark in the lip fillers market.

Gas Circuit Breaker Market expected to grow at a CAGR of 3.9% between 2022 and 2031

The gas circuit breaker market worth will total US$ 621.2 Mn in 2021, as per Future Market Insights (FMI) analysisOverall gas circuit breakers sales are expected to grow at a CAGR of 3.9% between 2021 and 2031 in comparison to 3.5% CAGR registered between 2016 and 2020

Despite witnessing disruptions amid COVID-19 outbreak, the market exhibited 2.0% year-on-year growth between 2020 and 2021.

The gas circuit breaker market worth will total US$ 621.2 Mn in 2021, as per Future Market Insights (FMI) analysisOverall gas circuit breakers sales are expected to grow at a CAGR of 3.9% between 2021 and 2031 compared to 3.5% CAGR registered between 2016 and 2020. Despite witnessing disruptions amid COVID-19 outbreak, the market exhibited 2.0% year-on-year growth between 2020 and 2021.

A research report on the gas circuit breaker market skillfully crafted by Future Market Insights reveals several aspects of the global market, along with key trends and developments. The research publication titled “Gas Circuit Breaker Market: Global Industry Analysis and Opportunity Assessment (2021-2031)” uncovers many facets such as opportunities, drivers, and trends that influence the growth of the entire market.

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Moreover, along with the current market scenario and historical market data, this research report has outlined future market projections that reveal the future direction of the global market in terms of growth rate and valuation of the entire market considering all crucial market segments that define the global market. This data has been assessed across key regions in the globe to get a clear market picture in the current timeline and in the future.

Global Gas Circuit Breaker Market: Dynamics affecting Future Growth
Various aspects have contributed to the growth of the global gas circuit breaker market. Gas circuit breaker acts as an effective alternative compared to conventional methods like oil circuit breaker and fuse, increasing use of gas circuit breaker for high voltage applications, rapid industrialization, and urbanization driving the need for the establishment of new transmission grids, increasing renewable energy projects and use of medium voltage circuit breakers, significant investment by the government in the power transmission and distribution sector coupled with rapid growth in these sectors, irregular flow of current in certain regions owing to poor infrastructure driving the need for protection of circuit through circuit breakers, and tend such as the focus on reduction of the number of interrupters, the evolution of hybrid gas breakers to reduce the environmental effect of SF6 and focus on low maintenance based circuit breakers have contributed to the growth of the global gas circuit breaker market.

Increasing penetration of alternative technologies, such as vacuum circuit breakers, stringent regulations about the use of sodium hexafluoride gas that is a major contributor to the greenhouse effect, reluctance to install new equipment and electrification projects, high cost associated with the use of SF6 gas circuit breakers, lack of standardized testing for ultra-high voltage gas circuit breakers and low replacement rate are hindering the growth of the global gas circuit breaker market.

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Global Gas Circuit Breaker Market: Forecast Highlights
As per the research report on the global gas circuit breaker market, the global market is expected to grow at a CAGR of 4.6% throughout the forecast to reach a valuation of more than US$800 Mn by the end of 2027 from a value of about US$518 Mn in 2017.

Global Gas Circuit Breaker Market: Segmentation Snapshot
The global gas circuit breaker market is segmented based on voltage rating, by configuration, by technology, by end-use, and by region.

By Voltage Rating, the above 800 kV segment is the largest segment with a high market share. However, the 252-550 kV segment is projected to grow at a high rate to register a value CAGR of 5.3% throughout the forecast.

By Configuration, a single interrupter segment is a high growth segment contributing largely to the growth of the global market. It is estimated to reach a value of more than US$530 Mn by the end of 2031.

By Technology, the live tank type segment is highly lucrative with high growth potential. This segment is projected to grow at a high comparatively high CAGR and also reflect a high market valuation by the end of the period of assessment, thus leading the global market.

By End Use, the industrial segment is expected to dominate the global market with a high market value. The commercial segment is poised to register a high value CAGR of 5.2% throughout the forecast.

By Region, Asia Pacific excluding Japan (APEJ) is the largest with high market attractiveness. The gas circuit breaker market in the APEJ region is expected to grow at a high value CAGR of 5.8% during the forecast period.

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Global Gas Circuit Breaker Market: Competitive Analysis
The research study on the global gas circuit breaker market includes a detailed competitive assessment that includes key players such as ABB Group, General Electric, Toshiba Corporation, Hyosung Corporation, Siemens AG, Schneider Electric SE, Hitachi Ltd., Kirloskar Electric Company Ltd., CG Power and Industrial Solutions Limited, Fuji Electric Co., Ltd., HICO America, Nissin Electric Co., Ltd., Elimsan Switchgear Equipment & Electromechanical Industry And Trade Inc., New Northeast Electric Group High Voltage Switchgear Co., Ltd., Mitsubishi Electric Corporation, Koncar-Electronics and Informatics Inc., Hyundai Heavy Industries Co., Ltd., Siyuan Electric Co., Ltd., Stelmec Limited and ALSTOM SA.

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Industrial Magnetrons Market is expected to grow at a CAGR of Approximately Over 2017-2026

Future Market Insights’ recently compiled report projects the global industrial magnetron market to exhibit an above-average growth over the forecast period (2017-2026). Global sales of industrial magnetrons are estimated to reach approximately US$ 6,000 Mn in revenues by 2026-end.

Growing Emphasis on Reducing Operational Costs Leading to Development of Advanced Industrial Magnetrons

Magnetrons serve different purposes subject to objectives of various end-use industries. For example, industrial magnetrons are utilized for moisture-reduction in the pharmaceutical industry, and for enabling different types of coatings to plastic and rubber materials in the coatings industry. Adoption of industrial magnetron has witnessed a steady rise in the recent past. However, growing emphasis on minimizing the operational costs has encouraged manufacturers in making advancements in industrial magnetrons. Demand for industrial magnetrons is further influenced by a slew of microeconomic and macroeconomic factors such as overall growth prospects of the global industrial sector, government policies, technological evolutions and growing demand from end-users.

In various industrial settings, processing of continuous material flow creates demand for the continuous-wave magnetrons. The EM-shielded chamber has been basically cooled by utilizing water or air, in a bid to prevent overheating of industrial equipment. Both water- & air-cooled magnetrons have been widely utilized in the industrial settings, however demand for air-cooled industrial magnetrons are likely to remain comparatively higher owing to their cost effectiveness. Heating and drying process underpins most of the demand for magnetrons in many industrial settings. Requirement for industrial magnetrons in plasma generation has therefore gained a steady increase since the recent past.

North America to Lead the Market in Terms of Revenues

North America will continue to lead the global industrial magnetron market, in terms of revenues. Revenue share of Europe and Asia-Pacific excluding Japan (APEJ) will also remain high in the market. The industrial magnetron market in APEJ will register the highest CAGR through 2026, followed by North America. Middle East & Africa, Latin America and Japan will remain least lucrative markets for industrial magnetron.

Based on product type, continuous wave industrial magnetrons will continue to dominate the market, with revenues projected to account for over two-third market share by 2026-end. Sales of continuous wave industrial magnetron will register an impressive expansion through 2026. Demand for pulsed industrial magnetron will remain relatively lower in the market.

Industrial Magnetrons with X band will Remain Sought-after in the Market

On the basis of operating frequency, industrial magnetrons with X band will remain sought-after in the market, trailed by Ku & Ka Band and C band. Sales of industrial magnetrons with Ku & Ka band will reflect the fastest expansion through 2026, closely followed by those with X band.

Based on cooling type, air-cooled industrial magnetrons will remain preferred in the market, with sales poised to surpass revenues worth US$ 3,000 Mn by 2026-end. Revenues from water-cooled industrial magnetrons will account for over two-fifth share of the market by 2026-end. Radar systems will continue to be the most lucrative applications of industrial magnetrons. However, sales of industrial magnetrons for medical applications will reflect a relatively faster expansion through 2026.

Establishment of new manufacturing facilities associated with various industries and growing investment in R&D activities by leading market players have created demand for industrial magnetrons. Prominent players in the market are increasingly focusing on the development of energy-efficient industrial magnetrons. Key market participants identified by the report include STT International Limited, MDP Components, Richardson Electronics, Ltd., CPI International Inc., Teledyne E2V Limited, MUEGGE GmbH, L3 Technologies, Inc., Hitachi Ltd., Toshiba International Corporation, and Panasonic Corporation.

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Market TaxonomyMoving further, the report imparts forecast on global market for industrial magnetron based on a segmentation-wise analysis. Classifying the global market for industrial magnetron into five key segments viz. applications, cooling type, operating frequency, product type, and region, the report provides associated market numbers on the basis of Y-o-Y growth comparison, the market share comparison, and revenue comparison.

Geographically, the global industrial magnetron market has been characterized into Middle East & Africa (MEA), North America, Latin America, Asia-Pacific excluding Japan (APEJ), Europe, and Japan.

Region

  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • MEA

Product Type

  • Continuous Wave
  • Pulsed

Operating Frequency

  • L Band
  • S Band
  • C Band
  • X Band
  • Ku & Ka Band

Cooling Type

  • Air Cooled
  • Water Cooled

Applications

  • Industrial Heating Equipment
  • Radar Systems
  • Medical Applications
  • Others

Heat Recovery Steam Generator Market estimated to grow at a steady 5.7% CAGR by 2031

As per ESOMAR-certified consulting firm Future Market Insights (FMI), the global heat recovery steam generator market is anticipated to reach US 1.1 Bn in 2021. With the U.S., the U.K., Germany, and Japan emerging as key producers, the market is poised to grow at a 5.7% CAGR through 2031.

Global heat recovery steam generator market to reach US$ 1.1 Bn in 2021. Demand for energy-efficient solutions for power generation, coupled with increasing investments in power plant efficiency enhancements are identified as chief growth drivers.

Owing to these factors, the market is estimated to grow at a steady 5.7% CAGR, with the U.K., the U.S., Germany, and Japan emerging as key producers.

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In addition, government initiatives in counties such as the U.S., the U.K., India, and China regarding the promotion of renewable energy will spur demand for heat recovery steam generators in the forthcoming years.

Further, sophisticated customization and innovative product solutions offered by OEM’s and heat recovery steam generator players will continue providing tailwinds to sales.

As per FMI’s regional analysis, the U.K. is anticipated to lead the European heat recovery generator market. Stringent regulations regarding carbon emissions in the European Union, coupled with increasing adoption of renewable energy sources will enhance growth prospects through 2031.

“Increasing investments in the power generation sector to improve efficiency, coupled with inorganic growth strategies adopted by OEMs for better market reach will continue augmenting growth in the forthcoming years,” says the FMI analyst.

Key Takeaways:

  • Fully assembled heat recovery steam generators will remain the most preferred type of design.
  • In terms of configuration, horizontal drums will account for maximum sales.
  • Based on output power, 0-60 MW segment is poised to experience high demand.
  • Combined heat and power plants will dominate the application segment.
  • The U.S. is anticipated to witness high demand for heat recovery steam generators, owing to increasing energy production and need for sustainable methods. The North American market is poised to grow at a 4.4% CAGR.
  • The U.K. will continue leading the European heat recovery steam generator market, expanding at a 4.6% CAGR.
  • Demand for heat recovery steam generators will continue rising in China, due to rising adoption of combined cycle plants.
  • India will emerge as a lucrative market, owing to government-backed initiatives promoting renewable energy production.
  • Japan and South Korea will collectively account for 5% of the total market share.

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Competitive Landscape

Cleaver-Brooks, Siemens AG, General Electric, CMI Group, John Wood Group PLC, Cannon S.p.A., Mitsubishi Hitachi Power Systems, Ltd., Rentech Boilers Systems Inc., Hamon Deltak, Inc., AC BOILERS SpA, SES Tlmače, a.s., and Xizi United Holdings Limited are some players operating in the heat recovery steam generator market profiled by FMI.

Top 5 players in the market include General Electric, Siemens AG, CMI Group, John Wood Group plc, and Mitsubishi Hitachi Power Systems Ltd., accounting for 75.5% of the total market share.

Leading players, as a part of their growth strategies, are focusing on strategic collaborations, mergers, and acquisitions to expand their global footprint and improve their product portfolios. For instance:

  • In August 2021, Siemens Energy and state-owned Egyptian Electricity Holding Co. have signed a memorandum of understanding to develop a hydrogen-based, including a 100-200 MW pilot electrolyzer facility for the clean energy industry.
  • In August 2021, Mitsubishi Power’s Philippines unit secured a three-year term service agreement to maintain boilers of the Davao coal plant of Aboitiz Power Corp. The agreement is intended to maintain reliable energy access in Mindanao.

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Key Segments:

By Design Type:

  • Modular Construction
  • C-Section Construction
  • Bundle Construction
  • Fully Assembled

By Configuration Type:

  • Horizontal Drum Units
  • Vertical Drum Units
  • Horizontal-Once Through Units

By Output Power Type:

  • 0-60 MW
  • 60-100 MW
  • 100 MW & Above

By Application Type:

  • Co-generation (Process Heating)
  • Combined Cycle
  • Combined Heat & Power (CHP)

By Region, Heat Recovery Steam Generator Market is segmented as:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • China
  • Japan
  • India
  • South East Asia & Others (SEA)
  • Middle East & Africa (MEA)

Synchronous Condenser Market expected to grow at a CAGR of ~8% during the forecast period of 2022-2029

Future Market Insights has recently published its latest report on the synchronous condenser market, which includes global industry analysis 2014–2018 and opportunity assessment 2019–2029. The report explores the synchronous condenser market and highlights important insights during the forecast period of 2019-2029. As per the key findings, the global synchronous condenser market is anticipated to experience prominent growth over the forecast period, due to multiple driving factors such as increasing number of HVDC projects in developing economies such as India, Indonesia, China, and conversion of conventional generators & cooling plants to synchronous condensers.

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The global synchronous condenser market was valued at ~US$ 760 Mn in 2018, and is estimated to increase at a CAGR of ~8% during the forecast period of 2019-2029. This growth is majorly driven by the integration of renewable energy through solar and wind power plants and increasing installation of synchronous condensers to carry robust functioning of the power plants.
synchronous condenser market share by region pr

Rapid inclination towards wind and solar energy, in an attempt to reduce the dependency on fossil fuels has been generating significant demand for synchronous condensers in recent years. According to FMI analysis, manufacturers are setting their sights on countries, such as China which is making great strides to increase energy production from non-fossil fuel sources.

Newer Opportunities Identified in Middle East & Africa

Regions such as North America and Europe, are likely to hold prominent market shares in terms of value. However, the South Asiam market is estimated to project lucrative growth in the global synchronous condenser market over the forecast period of 2019-2029. This growth in the region is propelled by the rapid technological advancements and growing number of HVDC projects in prominent countries such as India and Indonesia, among others.

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Furthermore, the market of synchronous condensers is expected to grow predominantly in prominent countries of Middle East and Africa including Saudi Arabia, Kuwait, Qatar, Abu Dhabi, Nigeria, and U.A.E., owing to various macroeconomic factors such as growing urbanization, stable political & social backdrop, and rapid industrialization. Increasing number of market players in the region have gained the confidence of foreign investors and grid operators to invest in the market. Moreover, refurbishment of synchronous condensers from old conventional plants and generators to new machines have added expressively positive momentum over the few past years. Also, rapidly growing number of HVDC projects in MEA and installment of sustainable energy plants have boosted the demand for synchronous condensers to provide stability and robust functioning of power plants. These factors have resulted in significant growth of the synchronous condenser market in the region.

Key Segment

By Product

  • New synchronous condenser
  • Refurbished synchronous condenser

By Cooling Type 

  • Air cooled
  • Hydrogen cooled
  • Water cooled

By Power Rating

  • Less than 50 MVAR
  • 50 to 80 MVAR
  • 80 to 100 MVAR
  • 100 to 150 MVAR
  • 150 to 200 MVAR
  • Above 200 MVAR

By Starting Method

  • Static frequency converter
  • Pony motors
  • Others

By End Use

  • Electrical power utilities
    • Electric grids
    • Solar farms
  • Mining
  • Commercial
  • Others

By Region 

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

Rising Number of HVDC and Related Substation Projects Creating New Opportunities for Synchronous Condenser Manufacturers

The global market of synchronous condensers has been segmented on the basis of different types of synchronous condensers, their multiple applications, and regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, Middle East and Africa.

  • By product, newly built synchronous condenser is likely to hold prominent value shares of the global synchronous condenser market. This has majorly resulted from the increasing adoption of synchronous condensers over conventional cooling gas plants and increasing installation of solar and wind farms in several countries.
  • On the basis of cooling, the water cooled segment is expected to consume majority share of the global synchronous condenser market value. This is driven by the increasing demand for water cooled synchronous condensers across several regions. Furthermore, it is expected that the application of synchronous condensers in power plants and other similar machines will grow prominently throughout the forecast period.
  • On the basis of power rating, synchronous condensers ranging from less than 50 MVAR and from 50 to 80 MVAR are expected to consume majority share of the global synchronous condenser market value. This is driven by the increasing construction of synchronous condensers under specified power ratings by key market players across several regions.

Synchronous Condenser Market: Vendor Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global synchronous condenser market. Some of the examples of key players in the global synchronous condenser market are ABB Ltd., General Electric, Siemens AG, Mitsubishi Electric Corporation, WEG, Eaton Corp. PLC, Voith GmbH, Ansaldo Energia, Toshiba Corporation, and Sustainable Power Systems Inc., among others.

The global synchronous condenser market is significantly consolidated with some players holding prominent shares of the market. These players are offering synchronous condensers under their business segments such as F.A.CT.S., and motors & generators, among others.

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About Industrial Automation Division at Future Market Insights

The Industrial Automation & Equipment division at FMI adopts a novel approach and innovative perspective in analyzing the global machinery and industrial automation market. A range of FMI’s market research reports offer comprehensive coverage of capital, portable, process, construction, industrial, and special purpose machinery used across manufacturing sector. The team also conducts distinctive analysis about installed base, consumables, replacement, and USP-feature application matrix, making us a prominent voice of authority in the industry. We are associates of choice for established as well as budding industry

Smart Water Grid Market 2022 by Global Key Players, Types, Applications, Countries, Industry Size and Forecast to 2026

As per the latest study by Future Market Insights (FMI), the global smart water grid market is likely to witness robust growth during the forecast period. Registering 18.8% CAGR, the market is projected to reach US$ 52,212.3 million revenue by the end of 2026. Key priorities including carbon footprint reduction and financial savings are driving water utilities to optimize operations by deploying advanced analytical software, automation, control, design and other services. Increasing focus on integrating smart water grid with information and communication technologies is leading to the remote maintenance, monitoring, and tracking.

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Various advanced features in smart water grid that are expected to drive the market are demand prediction, real time sensing, quality monitoring, ease of detecting leak and burst, supporting planning and operations and helping in reducing water loss. Increasing emphasis on improving water management and supply, developing accurate billing method, reconstruction of old water infrastructure are some of the factors contributing to the growth of the smart water grid market. Municipalities across various countries are focusing on implementing smart water grid technology that can offer information and communication technologies at the same time in a single smart water management scheme, thus increasing efficiency. Increasing investment in repairing old water infrastructure and improvement in water distribution systems are also driving the market for smart water grid.

smart water grid market
Smart Water Grid Market

Key Highlights on the Global Smart Water Grid Market

The global market for smart water grid is segmented on the basis of application, technology, and region. On the basis of region, North America is expected to remain dominant in the global market for smart water grid throughout the forecast period 2017-2026. Owing to the advancement in technologies, increasing initiatives by the government to improve water infrastructure and stringent regulations, North America is witnessing a significant growth in the smart water grid market.

Meanwhile, Asia Pacific Excluding Japan (APEJ) and Europe are also likely to witness the growth in the market during 2017-2026. Due to the increasing demand for new installations for water supply, and the increasing awareness about using smart water grid in order to conserve the limited fresh water are fueling the growth in APEJ. While, Europe is witnessing rise in the water infrastructure development and strong government support, thereby resulting in the increasing deployment of smart water grid.

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On the basis of technology, the market is segmented into design & engineering, ICT & analytical software, smart infrastructure, and control & automation. Among these, smart infrastructure is expected to witness the highest growth in the global market for smart water grid. By the end of 2026, smart infrastructure is projected to exceed US$ 2,200 million revenue.

Based on the application, the market segment consists of commercial, residential, and utility. Smart water grid is expected to find the largest application in the utility segment. By 2026 end, utility is estimated to bring in nearly US$ 24,900 million revenue. Meanwhile, commercial segment is also likely to witness robust growth in the global market for smart water grid.

Key Players Competing to Sustain in the Market

Siemens AG, Itron Inc., Sensus Worldwide Holdings Ltd., Badger Meter, Inc., Neptune Technology Group Inc., Schneider Electric, Toshiba Corporation, The Whitmore Group Arqiva, Wetsus, ABB Group, ICT, co., Ltd., Prezi Inc., and Xinapse Systems Ltd., are some of the key players operating in the global smart water grid market.

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Market Taxonomy

Region

  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • MEA

Technology

  • Smart Infrastructure
  • Control & Automation
  • ICT & Analytical Software
  • Design & Engineering

Application

  • Residential
  • Commercial
  • Utility

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Medium Voltage Transformer Market anticipated to grow at a CAGR of ~4% during the forecast period of 2022-2029

Future Market Insights has published a new market research report on the medium voltage transformer market that contains global industry analysis during 2014–2018 and opportunity assessment during 2019–2029. The report covers the latest trends, key success factors, market influencing factors, key information, forecasting factors, macroeconomics factors, and past market scenario. The report analyzes the medium voltage transformer market and provides critical insights for the forecast period of 2019-2029. The global medium voltage transformer market size is estimated to reach ~US$ 10 Bn in 2019, and expand at a CAGR of ~5% during the projected period of 2019-2029.

Medium Voltage Transformer Market – Key Research Findings

  1. The global medium voltage transformer market size in 2019 is set to reach ~US$ 10
  2. The medium voltage transformer market is anticipated to grow at a CAGR of ~4% during the forecast period of 2019-2029.
  3. APEJ is projected to be an opportunistic market for the medium voltage transformer market by the end of 2029.
    • The APEJ medium voltage transformer market is predicted to be one of the most profitable markets for medium voltage transformers, owing to the increasing government investments on electricity production. As the population of APEJ is increasing rapidly, the region is expected to create higher demand for electricity. Hence, various governments are planning to increase the capacities of their power generation plants. Capacity expansion of these power plants will lead to high demand for medium voltage transformers for transmission and distribution, which, in turn, will drive the regional market growth.
  4. Oil immersed medium voltage transformer is expected to remain the most preferred product among the end-use industries.
  5. Growing industrial application of medium voltage transformers is expected to create incremental $ opportunity of ~US$ 3 Bn over the forecast period.

Medium Voltage Transformer Market: Segmentation

The global medium voltage transformer market is segmented into five categories based on rating, product type, configuration, application, and region.

Rating

  • 1,200 kVA
  • 1,500 kVA

Product Type

  • Dry
  • Oil Immersed

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Report Chapters

Chapter 01 – Executive Summary

The executive summary of the medium voltage transformer market includes a summary of the market trends, key findings, trends, and analysis and recommendations for market growth.

Chapter 02 – Market Overview

Market definition, key inclusions, and market taxonomy of the medium voltage transformer market report are covered in this chapter.

Chapter 03 – Key Market Trends

A description of key market trends currently transforming the medium voltage transformer market landscape are presented in this section.

Chapter 04 – Key Success Factors

This chapter provides a list of key success factors for manufacturers in the medium voltage transformer market.

Chapter 05 – Global Medium Voltage Transformer Market Demand Analysis 2014-2018 & Opportunity Assessment 2019-2029

Value analysis and forecast for the medium voltage transformer market for the 2014-2029 period are provided in this chapter.

Chapter 06 – Pricing Analysis

Pricing analysis of the medium voltage transformer on the basis of product type is mentioned in this chapter. Weighted average price for the global region along with volumetric share of the product type can be found in this chapter.

Chapter 07 – Global Medium Voltage Transformer Market Value Demand Analysis 2014-2018 & Opportunity Assessment 2019-2029

This chapter provides historical market value for the period 2014-2018 along with market forecast for the projected period of 2019-2029. Absolute $ opportunity and market trends for the medium voltage transformer market are also mentioned in this chapter.

Chapter 08 – Market Background

The market background section of the medium voltage transformer market report covers macro-economic factors, drivers, restraints, opportunity analysis and forecast factors, which are anticipated to influence the growth of the market over the projected period.

Chapter 09 – Global Medium Voltage Transformer Market Analysis 2014-2018 & Opportunity Assessment 2019-2029, by Rating

Based on rating, the medium voltage transformer market is segmented into 1200 kVA, 1500 kVA, 2000 kVA, and 2500 kVA. In this chapter, readers can find information about the key trends and developments in the medium voltage transformer market and market attractiveness analysis.

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Chapter 10 – Global Medium Voltage Transformer Market Analysis 2014-2018 & Opportunity Assessment 2019-2029, by Product Type

This chapter provides details about the medium voltage transformer marketbased on product type, and has been classified into dry, oil immersed, and VPI. In this chapter, readers can understand the market attractiveness analysis based on the product type.

Chapter 11 – Global Medium Voltage Transformer Market Analysis 2014-2018 & Opportunity Assessment 2019-2029, by Configuration

This chapter provides details about the medium voltage transformer marketbased on configuration, and has been classified into single phase and three phase. In this chapter, readers can understand the market attractiveness analysis based on the configuration.

Chapter 12 – Global Medium Voltage Transformer Market Analysis 2014-2018 & Opportunity Assessment 2019-2029, by Application

This chapter provides details about the medium voltage transformer marketbased on configuration, and has been classified into building establishment, civic infrastructure, industrial, and IT – data & server centers. Building establishment is again segmented into residential and commercial. In this chapter, readers can understand the market attractiveness analysis based on the application.

Chapter 13 – Global Medium Voltage Transformer market Analysis 2014-2018 & Opportunity Assessment 2019-2029, by Region

This chapter provides the medium voltage transformer marketgrowth across several geographic regions such as North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, and MEA (Middle East & Africa).

Chapter 14 – North America Medium Voltage Transformer market Analysis 2014-2018 & Opportunity Assessment 2019-2029

A detailed analysis of growth trends of the North America medium voltage transformer market, pricing analysis, regional trends, along with a country-wise assessment that includes the U.S. and Canada is included in this chapter.

Chapter 15 – Latin America Medium Voltage Transformer Market Analysis 2014-2018 & Opportunity Assessment 2019-2029

Growth scenario of the medium voltage transformer market in Latin American countries like Brazil, Mexico, and the Rest of Latin America, along with assessment of the market across target segments has been provided in this chapter.

Chapter 16 – Western Europe Medium Voltage Transformer Market Analysis 2014-2018 & Opportunity Assessment 2019-2029

Important growth prospects of the medium voltage transformer market based on its end users in several countries such as Germany, Italy, France, the U.K., Spain, BENELUX, and the Rest of Western Europe are included in this chapter.

Chapter 17 – Eastern Europe Medium Voltage Transformer market Analysis 2014-2018 & Opportunity Assessment 2019-2029

Important growth prospects of the medium voltage transformer market based on its end users in several countries such as Russia, Poland, and the Rest of Eastern Europe are included in this chapter.

Chapter 18 – APEJ Medium Voltage Transformer Market Analysis 2014-2018 & Opportunity Assessment 2019-2029

A detailed analysis of growth trends of theAPEJ medium voltage transformer market, pricing analysis, regional trends, along with a country-wise assessment of China, India, Thailand, ASEAN, Australia & New Zealand and the Rest of APEJ are presented in this chapter.

Chapter 19 – Japan Medium Voltage Transformer market Analysis 2014-2018 & Opportunity Assessment 2019-2029

Important growth prospects of the Japan medium voltage transformer market are included in this chapter.

Chapter 20 – MEA Medium Voltage Transformer market Analysis 2014-2018 & Opportunity Assessment 2019-2029

This chapter highlights the growth of the medium voltage transformer market in MEA by focusing on GCC Countries, Northern Africa, Turkey, South Africa, and Rest of Middle East & Africa

Chapter 21 – Market Structure Analysis

In this chapter, detailed information about the competition tier structure analysis and market concentration of key players in the medium voltage transformer market, along with their market presence analysis by region and product portfolio.

Chapter 22 – Competition Analysis

Detailed analysis of key players in the medium voltage transformer market with company overview, financial performance, strategic overview, and SWOT analysis are presented in this chapter. Some of the market players featured in the report are Siemens AG, ABB Group, General Electric Company, Fuji Electric Co., Ltd., Hitachi, Ltd., Hammond Power Solutions Inc., Kirloskar Electric Company, and MGM Transformer Company, among others.

Chapter 23 – Assumptions and Acronyms

A list of acronyms and assumptions used in the medium voltage transformer report.

Chapter 24 – Research Methodology

A description of research methodology used to obtain the market size of the medium voltage transformer market is detailed in the section.

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Lamella Clarifier Market expected to reach a value of US$ 73 Mn by the end of 2027

Future Market Insights’ new report gives a clear overview of the global lamella clarifier market. The report is titled ‘Lamella Clarifier Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017 – 2027’. The report depicts the overall performance of the market and individual analysis of the various segments. According to the report, the global market is expected to hold a value of over US$ 420 Mn in 2017, reaching a valuation in excess of US$ 620 Mn by the end of 2027. The global lamella clarifier market is expected to grow at a CAGR of 4.1% during the forecast period. The report also suggests that there is a strong focus on research and development activities to introduce a new range of lamella clarifiers while maintaining the quality and efficiency of the product.

A lamella clarifier is a type of settler designed to remove particulates from liquids. It is often used in primary water treatment in place of conventional settling tanks. The working principle of a Lamella Clarifier is based on the settling under the gravity, which provides a series of inclined plates to give a large projected surface area with comparatively smaller footprint than other types of clarifiers (circular and rectangular). Lamella Clarifiers find application in various end-use industries such as paper and pulp, food and beverage etc.

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Lamella Clarifier Market

Global Lamella Clarifier Market: Dynamics

A lot of factors are responsible for influencing the growth of the global lamella clarifier market. One of the major factors contributing to the growth of market is a rapid industrialisation and urbanisation across the globe that have helped the market improve in a lot of ways including technologically. Also the increase in the number of industries all over the world have helped fuel the application of lamella clarifiers, in turn helping the global lamella clarifier market to witness steady growth.

However the market is expected to face certain restraints as the increase in the number of industries is likely to magnify the competition levels in the global market and therefore, may narrow the profit margin of the companies. There is also an increase in demand for used clarifiers, which has limited the demand for new lamella clarifiers and this can restrict the revenue growth of the global lamella clarifier market.

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Global Lamella Clarifier Market: Segmental Highlights

To give the research a holistic view, the global lamella clarifier market is segmented on the basis of application and region. On the basis of application the segments include industrial segment and municipal segment. On the basis of region, North America, Latin America, APEJ, Western Europe, Eastern Europe, MEA, Japan are studied in this report.

Here are some key highlights from the analysis of these segments:

  • Among the application segments, industrial segment is expected to lead the market with a market value of over US$ 260 Mn in 2017. This includes the chemical and fertilizer segment as the maximum contributing sub-segment with a market share of over US$ 52 Mn in 2017.
  • Among the regions, Asia Pacific excluding Japan is expected to hold the maximum value in the global market of over US$ 130 Mn in 2017, growing at a CAGR of 3.9% during the forecast period. However in terms of CAGR, North America dominates the global market with a CAGR of 4.8% during the forecast period.

Global Lamella Clarifier Market: Competitive Dynamics

The research report by FMI, also consists of a section on the competitive scenario of the global market, which highlights the complete profiles of the leading companies in the market. Some of the top companies mentioned in the report are Metso Corporation, Westech Engineering Inc., Ion Exchange (India) Ltd, ENEXIO Germany GmbH, Aes Arabia Ltd, Parkson Corporation, Nordic Water Products AB, Jorsun etc.

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Table Of Content

1. Executive Summary

1.1. Overview

1.2. Market Analysis

1.3. FMI Analysis and Recommendations

1.4. Wheel of Fortune

2. Market Introduction

2.1. Market Taxonomy

2.2. Market Definition

2.3. Parent Market Overview

3. Market Viewpoint

3.1. Macro-Economic Factors

3.2. List Of Active Participants

3.3. Opportunity Analysis

4. Global Lamella Clarifier Market Analysis 2012–2016 and Forecast 2017–2027

4.1. Introduction

4.1.1. Market Volume Projections

4.1.2. Market Size and Y-o-Y Growth

4.1.3. Absolute $ Opportunity

4.2. Global Market Overview – By Material Type

4.3. Global Market Overview – By Flow Capacity

4.4. What Market Participants Are Saying?

4.5. Key Regulations

4.6. Pricing Analysis

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Glass Tempering System Market to reach close to US$ 95 Mn by the end of 2027

The Glass tempering system market value generated from the architectural segment is estimated to be valued more than US$ 65 Mn by 2017 end and is projected to reach close to US$ 95 Mn by the end of 2027 while expanding with a CAGR of 3.6% over the forecast period. In terms of value, the architectural segment alone is expected to capture more than 70% of the market share in 2017 end.

Building & construction and civic infrastructure/architecture segments are expected to hold significant Glass tempering system market shares during the forecast period.

With over 55 primary interviews across five continents to provide better information to the clients about the global glass tempering system market, Future Market Insights has come up with a new report titled “Glass Tempering System Market: Global Industry Analysis (2012-2016) And Opportunity Assessment (2017-2027)” that tracks the performance of the market for the forecasted period of 10 years. While gathering data for this report, around 40% interviews were given by the experts from America, while 28% and 25% interviews were given by the experts in Europe and Asia Pacific respectively.

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What are the market participants saying?
While conducting primary interviews our analysts talked with product managers of manufacturer of glass tempering system in North America and Europe regions. According to them, R&D is going on in the glass industry to increase its functional application where strength of the glass is one of the major factors. Therefore the growth in the application of glass will also contribute towards the development of advance glass tempering system.
Technical Representative of Japan’s manufacturing company of glass tempering system said that unlike other glass markets, the market for smartphones and solar energy will directly impact the thin glass market. As a result, the demand for glass tempering system that would be capable to manufacture high-quality thin glasses will increase in the near future.
While speaking about the overall scenario of glass tempering system market in APEJ, the Sales Director in China’s glass tempering system manufacturing company stated that China is the biggest market of glass tempering system and these equipment are generally imported from China as it offer products at a price which is even less than the wholesale price. Moreover, these manufacturers of China are primarily focusing on manufacturing international quality products so as to gain significant attraction from end users in the target region.

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Annual reports, presentations and interim reports published by market participants are our reference sources to make this report comprehensive
We have taken reference from reports published by glass manufacturing associations such as All India Glass Manufacturers’ Federation, Architectural Glass and Metal Association and Glass Association of North America. We have also taken reference government publications apart from Factiva, MorningStar and other paid databases for company profiling section and to analyses macro-economic factors. Market sizing and growth has been anticipated by tracking individual company revenue, historical growth and future expectation. Primary responses have also extended from manufactures, suppliers, service providers and end users. Various press releases have also been followed to know the news related to global market for glass tempering system.
Market Segmentation

By Tempering Technology
• Controlled Heating and Quenching Equipment
o Standard Configuration
o Advanced Configuration
• Chemical Treatment

By Application
• Flat
o Continuous
o Oscillating
• Bent

Combined Flat and Bent
• Automotive Windows
• Architectural
o Windows and Doors
o Mirror and Partitions
o Furniture
• Electronics
o Smartphone
o Appliances
• Solar Applications
Others
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By Region
• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• MEA
• Japan

Research Methodology
We have adopted systematic research approach while inspecting this report. In-depth secondary research is used to arrive at an overall market size, top industry players, top products and industry associations. Our analysts have formulated a detailed discussion guide in order to conduct expert and industry interviews. We also have conducted interviews with industry experts, industry players, distributors and retailers. Data is validated by triangulation method, wherein primary, secondary, and Future Market Insight’s analysis contribute to the final data. We have also analysed the various companies annual report, investor presentation, SEC filings, reports and press release to fetch substantial information about the market size, trends, opportunity, drivers, restraints and to analyse key players.