FMI Analysis Projects Global Battery Testing Equipment Market Size to Reach USD 770 Million in 2032, Grow Steadily at 4% CAGR

The global battery testing equipment market is predicted to reach a valuation of USD 770 Million in 2032 with sales growing at an intermediate CAGR of 4% over the forecast period of 2022 to 2032. Valued at USD 500 Million in 2021, the battery testing equipment market has scaled up to an estimated USD 520 Million in 2022. Expanding automobile sector, escalating investment by major vehicle manufacturers, and favorable government policies are promoting the overall growth of the battery testing equipment market over this period of observation.

Technological advancements have led to a swell in the demand for portable products such as powered tools. This indirectly bolsters the sales of battery testing equipment. In addition to this, the integration of advanced computerized properties into battery testing equipment results in better output. The introduction of user-friendly features like touch screen control is augmenting the demand for battery testing equipment in the market.

The rising electronic goods sector along with increasing consumer spending on these goods also contributes to the market expansion of battery testing equipment. Again, prevailing personalization trends- of electronic goods as well as of battery testing equipment- further propels the battery testing equipment market. The growing interest in wearable devices and their numerous market releases is compounding the demand for battery testing equipment.

The most important factor positively influencing this market is the automobile sector and its electric future. The battery testing process takes a long time in the automobile sector as it determines the warranty period of battery life. The application of precision battery testing equipment in this aspect lessens the time taken to test the automobile battery. This results in a shorter manufacturing period for electric cars. Thus, all of these factors promote an environment of growth for the battery testing equipment market over the projected period.

“Rising demand for precision battery testing along with the advancing automobile and electronic goods sectors are expected to promote the market growth of battery testing equipment over the forecast period,” says an FMI analyst.  

Key Takeaways:

  • Increasing investment by major vehicle manufacturers is likely to boost market possibilities.
  • High maintenance and component replacement costs may impede market growth.
  • The Asia Pacific is predicted to emerge as a highly lucrative market for battery testing equipment.
  • The battery testing equipment market in Europe will undergo impressive growth over the assessment period.

Competitive Landscape:

AVL List GmbH, Storage Battery Systems, LLC, Chen Tech Electric., Chroma Systems Solutions, Inc., Megger Group Limited, Greenlight Innovation, Intertek Group plc, Chauvin Arnoux Metrix, FLIR Systems, and others are some of the major players in the battery testing equipment market that are profiled in the full version of the report.

Major market players are keen on penetrating new markets that are not yet completely feasible for electric vehicle market expansion. Many of these organizations are introducing battery testing and charging rooms to gain a competitive advantage.

Testing Equipment Market Segmentation Analysis:

Battery Testing Equipment Market by Product Type:

  • Stationary Battery Testing Equipment
  • Portable Battery Testing Equipment

Battery Testing Equipment Market by Capacity:

  • Battery Testing Equipment below 400 V
  • Battery Testing Equipment from 401-800 V
  • Battery Testing Equipment above 800 V

Battery Testing Equipment Market by End User:

  • Battery Testing Equipment for Automotive
  • Battery Testing Equipment for Industrial End Uses
  • Battery Testing Equipment for Electronics and Telecommunications
  • Battery Testing Equipment for Medical Industry
  • Battery Testing Equipment for Grid & Renewable Energy
  • Battery Testing Equipment for Military/Aerospace
  • Battery Testing Equipment for Other End Uses

Battery Testing Equipment Market by Region:

  • North America Battery Testing Equipment Market
  • Latin America Battery Testing Equipment Market
  • Western Europe Battery Testing Equipment Market
  • Eastern Europe Battery Testing Equipment Market
  • Asia Pacific Battery Testing Equipment Market
  • Japan Battery Testing Equipment Market
  • Middle East and Africa Battery Testing Equipment Market

Access Report Details for More In-Depth Information:

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Diaphragm Coupling Market Share Set to Reach USD 772.3 Million Milestone by 2032, Growing Steadily at 3.5% CAGR | FMI Analysis

The diaphragm coupling market has demonstrated impressive growth, with a substantial valuation of USD 547.3 million in 2022, laying a strong foundation for future advancements. Anticipating a consistent Compound Annual Growth Rate (CAGR) of 3.5%, the market is projected to experience significant expansion, reaching an impressive valuation of USD 772.3 million by 2032.

Diaphragm couplings, once limited to specific industrial applications, have undergone transformative redesigns, making them applicable across a broader range of industrial and commercial contexts worldwide. These innovative couplings effectively address misalignment challenges by utilizing single or multiple flexing metal plates or diaphragms arranged in parallel as flexible elements. Their design enables seamless torque transmission, starting from the outer diameter of a flexible plate, traveling through the spool, and ultimately reaching the inner diameter before redirecting to the outer diameter. This evolutionary progression highlights the adaptability and effectiveness of diaphragm couplings, positioning them as indispensable components across diverse industrial and commercial sectors.

Evolution of Diaphragm Couplings: From Helicopter Drive Shafts to Global Industry

Initially conceived for helicopter drive shafts, diaphragm couplings have undergone a strategic transformation to cater to diverse needs in the general industrial and commercial sectors within the global market. This evolution was spurred by advancements in technology, which propelled their application beyond their original scope.

The Unique Edge: Diaphragm couplings capitalize on a distinctive design profile, characterized by remarkable flexibility in the face of compression and bending. Simultaneously, they exhibit exceptional torsional rigidity, facilitating optimal torque transmission. This attribute ensures the seamless transfer of maximum torque. Manufactured and meticulously designed, diaphragm couplings stand ready to seamlessly interconnect high-speed shafts across various industrial applications on the global market.

Diaphragm Coupling Market Dynamics: Unveiling Growth Triggers

The diaphragm coupling market is poised to flourish, propelled by several pivotal dynamics. Key contributors include the escalating global trends of urbanization and industrialization, coupled with the imperative to enhance safety measures for high-speed rotating equipment. Forecasts point to a favorable growth trajectory across significant geographies in the upcoming years.

Safety Enhancement Imperative: The mounting toll of industrial accidents and equipment damage on a global scale has underscored the need for robust interconnections in high-speed drive shafts. This burgeoning emphasis is set to drive the overarching expansion of the global diaphragm coupling market in the foreseeable future.

Path of Innovation: The landscape of the diaphragm coupling market is evolving through cutting-edge innovations. Notably, the advent of high-speed, high-torque capacity diaphragm couplings is projected to steer the proliferation of high-precision variants within the global market.

Metal Diaphragm Couplings’ Resilience: The metal diaphragm couplings segment is poised to wield substantial influence, capturing both value and volume market shares. This ascent is attributed to stringent governmental regulations surrounding high-speed equipment and the concerted drive to curtail production cycle times.

Diaphragm Coupling Market: Market Participants

  • Altra Industrial Motion Corp.
  • Eagle Industry Co., Ltd.
  • Voith GmbH
  • Unique Transmission (India) Pvt. Ltd.
  • Regal Beloit Americas, Inc.
  • John Crane
  • Rexnord Corporation
  • WUXI TRUMY Transmission Engineering Co., Ltd.
  • RBK Drive Elements
  • KTR Systems GmbH

Key Segments Profiled in the Diaphragm Coupling Industry:

By Mode:

  • Single Diaphragm Coupling
  • Double Diaphragm Coupling

By Material Type:

  • Metal Diaphragm Coupling
  • Plastic Diaphragm Coupling
  • Other Diaphragm Coupling Material Types

By Application:

  • Diaphragm Coupling for Compressors
  • Diaphragm Coupling for Generators
  • Diaphragm Coupling for Pumps
  • Diaphragm Coupling for Turbo-Machinery
  • Diaphragm Coupling for Marine/Offshore Platform
  • Diaphragm Coupling for Other Applications

By Region:

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

Access Report Details for More In-Depth Information:

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Bicycle Market Revenue Share Expected to Drive Past USD 6,229.4 Million by 2033, Growing at an Impressive 8.92% CAGR | FMI Study

The bicycle market is set for impressive growth, with projections indicating an 8.92% CAGR through to 2033. This steady increase suggests that the market will reach a substantial valuation of USD 6,229.4 Million. Factors driving this expansion include rising health consciousness, environmental concerns, and the increasing popularity of cycling as a sustainable mode of transportation. Innovations in e-bikes and government initiatives promoting cycling infrastructure are also contributing to this positive trend.

As more people turn to bicycles for both commuting and leisure, the bicycle market’s future looks robust and promising.

Expansion in the demand for bicycles is rising globally as a result of a boost in public awareness of the health benefits of cycling. Dockless bicycle-sharing programs are gaining popularity at a significant pace among the general public, which is anticipated to support the expansion of the world bicycle market.

Key Takeaways from the Bicycle Market Report:

  • The global bicycle market expanded at a CAGR of 7.42% between 2018 and 2022.
  • Based on the product segment, the road bicycle market had a revenue share of 70%.
  • Under the end-user segment, men sector held a significant bicycle market share at 75%.
  • Based on the technology segment, the conventional sector dominates the market share of 80%.
  • North America is forecasted at a market share of 42.8%.
  • Europe’s market is anticipated to increase with a market share of 38.4% in the bicycle market.

Market Competition:

Key players can create and advertise new, better goods at high price points to obtain a continuous competitive edge in the bicycle market. Additionally, a few significant bicycle market players are increasing their bicycle market share by choosing techniques including mergers and acquisitions, partnerships, and collaborations.

Leading Key Players:

The bicycle market is dominated by several key players, including Accell Group, Atlas Cycles (Haryana) Ltd., Avon Cycles Ltd., Cervelo, Dorel Industries Inc., Giant Bicycles, Merida Industry Co., Ltd., Specialized Bicycle Components, Inc., SCOTT Sports SA, and Trek Bicycle Corporation. These companies are recognized for their innovative designs, high-quality manufacturing, and extensive distribution networks, catering to a diverse range of consumer preferences from casual riders to professional athletes. Their continuous focus on technological advancements and sustainability initiatives positions them at the forefront of the global bicycle industry.

Recent Developments Contributing to the Growth of the Bicycle Market:

  • Yulu is an app-based platform that offers on-demand bicycle/e-bike rentals in a few Indian cities. Through a mobile app, the business offers GPS and Bluetooth-enabled bicycles and electric bikes for rent. By scanning the QR code on the bicycle to unlock it, the user can ride after viewing nearby available bicycles on the app.
  • Pony is an app-based platform for dockless bicycle rentals in a few locations across Europe. The software allows users to find nearby vehicles that are available and lock/unlock them by scanning a QR code. Users may leave the bicycle at any authorized spot when they reach their destination.

Bicycle Market Segmentation:

By Product Type:

  • Comfort
  • Cruiser
  • Mountain
  • Hybrid
  • Road
  • Cargo
  • Youth

By Technology:

  • Electric
  • Conventional

By Price:

  • Low Range
  • Medium range
  • Premium

By End User:

  • Kids
  • Men
  • Women

By Region:

  • North America
  • Europe
  • Asia Pacific
  • The Middle East & Africa
  • Latin America

Access Report Details for More In-Depth Information:

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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

Contact Us:        

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

FMI Analysis States Global Commercial Induction Cooktops Market Size Set to Surge Past USD 22 Billion by 2033, Rising at a 5.6% CAGR

According to a Future Market Insights (FMI) report, the commercial induction cooktops market is anticipated to reach USD 12.74 Billion by 2023. By 2033, the market is expected to reach USD 22 Billion with a CAGR of 5.6%.

The efficiency, precision, and safety of induction cooktops make them an excellent choice for restaurants. Cooktops that use induction technology heat cookware directly using electromagnetic fields, which makes them more efficient and faster than conventional stovetops.

To promote the benefits of induction cooking in the culinary industry, manufacturers work with culinary schools, professional associations, and industry influencers. By establishing these partnerships, the culinary community can gain more credibility and awareness.

With induction cooktops, cooks can achieve faster cooking and more precise temperature control, reducing wait times for customers and improving cooking efficiency. A promotion involving faster cooking abilities could be attractive to busy restaurateurs and food establishment operators.

A cooktop that uses induction technology generates heat directly inside the cookware, minimizing the chances of food residue or contaminants becoming trapped on the surface of the cooktop during cooking. Establishments that place a high value on food safety and hygiene might find this feature appealing in the market.

Key Takeaways from the Market Study:

  • Between 2023 and 2033, the commercial induction cooktop market is expected to rise by 5.6%.
  • Commercial induction cooktops are expected to account for USD 22 Billion in 2033.
  • As a developed market, Europe is expected to experience a high demand for commercial induction cooktops.
  • With safety features on the rise, countertop commercial induction cooktops are in demand.
  • Restaurants and hotels are projected to be among the fastest-growing markets for commercial induction cooktops in the coming years.

“Innovations and advances in technology are likely to boost demand for commercial induction cooktops. Increasing environmental awareness and business initiatives that are sustainably and environmentally friendly will expand the market.” – opines Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).

Competitive Landscape:

A growing number of companies are forming tactical alliances and partnerships with each other to maximize their capabilities and expand their market reach.

As key players establish local manufacturing facilities and consolidate distribution networks in these markets, their presence is expanding. To gain a competitive edge in these markets, they are offering cost-effective solutions.

Recent Developments:

  • On Febraury 2023, Midea attended The NAFEM Show 2023, the world’s premier food service equipment and supply show, in Orlando, Florida. As a result of their ultra-efficient performance, effortless operation, and impressive durability, Midea showcased its FlashChefTM High Speed Oven, Scan&GoTM Microwave, and commercial induction cooktops series at booth #1017 at the Orange County Convention Center.
  • With the introduction of the 30″ Classic Induction Stove, Big Chill has added induction cooking to its Classic line. This stove uses induction technology, which produces no harmful chemicals, while copper coils heat pots and pans directly. The copper coils are disengaged once the pan is removed, making the cooktop cool to the touch, according to the firm. Retro-look products are available in 15 standard colors, seasonal colors, and premium colors.

Key Companies Profiled in the Global Commercial Induction Cooktops Industry:

  • Panasonic Corporation
  • CookTek
  • The Vollrath Company, LLC
  • Garland Group
  • Elecpro
  • APW Wyatt
  • Equipex
  • True Induction
  • Globe Food Equipment Co.
  • Lincat Limited
  • Buffalo
  • Fisher & Paykel Appliances Limited
  • ELAG Products GmbH
  • Dipo Induction
  • Admiral Craft Equipment Corp.
  • Hatco Corporation
  • Spring USA

Know More about What the Commercial Induction Cooktops Market Report Covers:

Future Market Insights offers an unbiased analysis of the global commercial induction cooktops market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the commercial induction cooktops market, the market is segmented based on number of hobs, type of installation, and, end-user across six major regions.

Commercial Induction Cooktops Market Segmentation Analysis:

By Number of Hobs:

  • Single Hob
  • Double Hob
  • Multi Hob

By Type of Installation:

  • Countertop
  • Drop-In
  • Floor-Standing

By End User:

  • Restaurants
  • Hotels
  • Canteens
  • Others

By Region:

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

Access Report Details for More In-Depth Information:

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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

Contact Us:        

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

High Voltage Capacitors Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2033

According to estimates, the value of the worldwide market for high voltage capacitors will be US$ 18.2 billion in 2023 and US$ 41.5 billion in 2033. Over the course of the projection period, high voltage capacitor sales are expected to increase overall at a rate of 8.6% CAGR.

It is anticipated that plastic will continue to be a widely favored dielectric material for high voltage capacitors. This is because plastic capacitors are becoming more and more popular, along with its many advantages. Based on the most recent study, the plastics market is expected to grow at a compound annual growth rate of 8.4% from 2023 to 2033.

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Several factors are expected to stimulate growth in the high voltage capacitors market. These include rapid expansion of power generation, transmission and distribution infrastructure, industry electrification, and electric vehicle popularity.

High voltage capacitors are passive electronic components designed to handle and store electrical energy at high voltage ranges. These capacitors are used in several applications requiring high voltage. For instance, they find applications in electrical systems and power electronics.

Rising energy demand and expansion of the renewable energy sector are anticipated to uplift demand for high voltage capacitors during the forecast period. This is due to rising usage of high voltage capacitors in renewable energy systems.

The ongoing transition towards renewable energy sources, such as wind and solar power, requires advanced power electronics and grid systems. This is expected to drive demand for high voltage capacitors for applications like energy conversion, storage, and distribution.

High voltage capacitors have also become essential for voltage regulation and filtering in HVDC systems. Hence, increasing usage of HVDC transmission systems for long-distance power transmission and interconnecting grids is expected to fuel sales of high voltage capacitors.

Another prominent factor expected to drive global high voltage demand is the electrification of industries. Industries are increasingly adopting electrification to reduce carbon emissions and improve energy efficiency. This is increasing the application of high voltage capacitors in several industrial processes, including mining and manufacturing.

Rising popularity of smart grids and consumer electronics is also anticipated to create growth prospects for the target market. As a result, the worldwide high voltage capacitors industry is set to expand 2.3X through 2033.

Key Takeaways from the High Voltage Capacitors Market Report:

  • The global high voltage capacitors industry is set to reach US$ 41.5 billion by 2033.
  • By dielectric material, plastic segment is forecast to thrive at 8.4% CAGR through 2033.
  • Based on application, power generation segment is expected to progress at 8.2% CAGR through 2033.
  • Sales revenue in the United States is anticipated to reach US$ 7.5 billion by 2033.
  • Japan market is expected to total US$ 3.7 billion by 2033.
  • South Korea industry predicted to expand at 9.1% CAGR between 2023 and 2033.
  • China is expected to total around US$ 6.3 billion by 2033.
  • The United Kingdom market is forecast to exhibit a CAGR of 7.8% through 2033.

“Expansion of the power generation, transmission, and distribution infrastructure is anticipated to create growth prospects for the high voltage capacitors market. To gain maximum profit, key players are upgrading their product portfolios to meet end-use industry requirements.” – opines Sudip Saha, managing director and MD at Future Market Insights (FMI) analyst.

Who is Winning?

ABB Ltd., AVX CORPORATION, Crompton Greaves Ltd., Arteche, HSP Steering’s-und Anlagentechnik GmbH, Iris Power, LP, ISOFARAD Ltd., KONCAR Group, PRESCO AG, Trench Austria GmbH, and SIEMENS AG are a handful of the leading high voltage capacitor manufacturers profiled in the report.

These key high voltage capacitor companies are adopting strategies such as new product launches, partnerships, alliances, facility expansions, collaborations, mergers, and acquisitions to stay ahead of the competition.

Recent Developments in High Voltage Capacitors Market:

  • In March 2020, AVX Corporation was acquired by Kyocera Corporation.
  • In December 2022, a new series of high-value high-voltage combined aluminum capacitors was launched by Vishay Intertechnology, Inc.

Restraints

Despite its promising growth, the high voltage capacitors market faces certain challenges. The industry grapples with issues such as stringent regulatory standards and environmental concerns. Ensuring compliance with evolving regulations while meeting the escalating demand for high voltage capacitors poses a significant challenge for market participants. Moreover, the global semiconductor shortage has led to supply chain disruptions, impacting production and delivery schedules.

Region-wise Insights – Category-wise Insights

Regional variations in demand and category preferences play a crucial role in shaping the high voltage capacitors market. Market research indicates that Asia-Pacific is poised to dominate the market, owing to the rapid expansion of industries and infrastructure in the region. Additionally, within the market categories, ceramic high voltage capacitors are witnessing significant adoption due to their reliability and efficiency, particularly in the electronics sector.

Segmentation in High Voltage Capacitors Market Research Report

High Voltage Capacitors Market by Dielectric Material:

  • Plastic
  • Aluminum Electrolytic
  • Ceramic
  • Other Dielectric Materials

High Voltage Capacitors Market by Application:

  • Power Generation
  • Transmission
  • Distribution
  • Other Applications

High Voltage Capacitors Market by Region:

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

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:      

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

RTD Temperature Sensors Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2033

It is anticipated that the value of the worldwide RTD temperature sensor market would rise from US$ 1.2 billion in 2023 to US$ 1.7 billion in 2033. Sales of RTD temperature sensors are expected to increase at a 3.8% CAGR during the projected period.

Analog RTD sensor demand is anticipated to be strong in the market for the duration of the projection. This can be attributed to analog-based temperature sensors having a better level of precision. During the evaluation period, the target segment is expected to grow at a 3.6% annual rate of growth.

The market for RTD temperature sensors is anticipated to increase as a result of many factors. These include the rapid expansion of end-use sectors like consumer electronics and automobiles, the widespread use of automation and digitalization, and developments in sensing technologies.

RTD temperature sensors are devices used to measure temperature in various applications. These sensors contain a resistor that changes resistance value as its temperature changes. They are gaining wider popularity due to their high accuracy, linearity, and stability.

Increasing usage of RTD temperature sensors across diverse industries due to their high accuracy and precision is expected to boost the global market. Industries today require more accurate temperature measurements for process control and quality assurance. As a result, they are adopting RTD sensors.

Rising penetration of automation and Industry 4.0 is anticipated to bolster RTD temperature sales through 2033. This is because RTD sensors play a key role in Industry 4.0. For instance, they are used for monitoring and controlling temperature in a variety of industrial applications.

In the long run, the worldwide RTD temperature sensors industry is set to witness steady growth. This growth is expected to be fuelled by increasing penetration of Industry 4.0 and innovation in RTD sensing technology.

Companies continuously integrate RTD temperature sensors into automated systems to monitor temperature conditions in real-time. They can also be incorporated into IoT platforms for remote monitoring and control. Thus, high automation and IoT integration adoption are expected to boost the target market.

Similarly, growing usage of smart home devices, increasing popularity of electric vehicles, and high adoption of wearable devices are expected to uplift RTD temperature sensor demand. Hence, the target market is likely to witness steady growth through 2033.

Key Takeaways from the RTD Temperature Sensors Market Report:

  • The global RTD temperature sensors industry is forecast to reach US$ 1.7 billion by 2033.
  • Based on function, an analog segment is poised to exhibit a 3.6% CAGR through 2033.
  • By end use, consumer electronics segment is expected to thrive at 3.4% CAGR between 2023 and 2033.
  • The United States is set to attain a valuation of US$ 301.3 million by 2033.
  • Demand in South Korea is estimated to rise at 5.6% CAGR through 2033.
  • China market size is anticipated to reach US$ 271.2 million by 2033.
  • Sales in Japan market are predicted to rise at 4.5% CAGR between 2023 and 2033.
  • The United Kingdom industry is projected to expand at 5.1% CAGR through 2033.

“As industries continue to automate their processes, demand for temperature sensors, such as RTDs, is expected to rise as they can help to monitor and control temperature sensitive processes. To gain maximum profits, key companies are looking to develop novel temperature sensors.” – says a lead Future Market Insights (FMI) analyst.

Who is Winning?

ABB Ltd., Analog Devices Inc., Emerson Electric Company, General Electric Company, Honeywell International Inc., Kongsberg Gruppen ASA, Maxim Integrated Products Inc., Microchip Technology Inc., NXP Semiconductors NV, Panasonic Corporation, Siemens AG, STMicroelectronics, and Texas Instruments Inc. are leading RTD temperatures sensor manufacturers profiled in the report.

Key RTD temperature sensor players are introducing new products with enhanced features. They also implement strategies such as partnerships, alliances, mergers, collaborations, facility expansions, and acquisitions to boost revenues.

Recent developments:

  • In August 2021, to strengthen its position, Analog Devices, Inc. completed the acquisition of Maxim Integrated Products, Inc.
  • In November 2018, NiTemp, a highly accurate, non-invasive temperature sensor, was introduced by ABB Ltd.

Competitive Landscape – Regional Trends:

The RTD temperature sensors market presents a competitive landscape marked by several key players vying for market share. Regional trends reveal that North America and Asia Pacific are expected to lead in terms of market share due to their significant presence in industries reliant on temperature-sensitive processes. These regions are witnessing robust adoption of RTD temperature sensors across healthcare, automotive, and industrial manufacturing sectors.

Restraints:

While the market exhibits substantial growth potential, it is not without challenges. The high initial cost of RTD temperature sensors and their susceptibility to damage in certain industrial environments pose restraints. Manufacturers are continuously innovating to address these challenges and make RTD temperature sensors more affordable and durable.

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More Insights Available:

In its new offering, future Market Insights (FMI) presents an unbiased analysis of the global RTD temperature sensors market, presenting historical data (2018 to 2022) and forecast statistics from 2023 to 2033.

The study reveals market projections based on function (analog and digital), end use (consumer electronics, automotive, chemicals, oil & gas, aerospace & defense, food & beverage, and others), and region (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia and Pacific, and Middle East and Africa).

Global RTD Temperature Sensors Market Segmentation

By Function:

  • Analog
  • Digital

By End Use:

  • Consumer Electronics
  • Automotive
  • Chemicals
  • Oil & Gas
  • Aerospace & Defense
  • Food & Beverage
  • Other End Uses

By Region:

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

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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Skincare Market Set for Dynamic Growth, Projected to Reach USD 380,492.2 Million by 2034 at a 8.6% of CAGR

Skincare Market
Skincare Market

The global skincare market is poised for substantial growth, with an estimated market size of USD 166,870.4 million in 2024. According to the latest industry analysis, the market is expected to expand at a robust compound annual growth rate (CAGR) of 8.6% from 2024 to 2034.

By the end of the forecast period in 2034, the demand for skincare products is projected to surge to a remarkable valuation of USD 380,492.2 million. This growth trajectory underscores the increasing consumer focus on skincare and the rising popularity of advanced skincare solutions.

This significant growth is driven by increasing consumer awareness about skincare, rising demand for advanced and personalized skincare solutions, and the expansion of product offerings across various segments. The growing emphasis on maintaining healthy skin, coupled with innovations in skincare technology and formulations, is fueling the market’s upward trajectory.

The skincare market’s expansion reflects a broader trend toward enhanced personal care and wellness, with consumers increasingly seeking products that offer both aesthetic and health benefits. As skincare technology evolves and new trends emerge, the market is poised for continued growth and diversification.

Key Takeaways from Skincare Market Study :

  • Skincare market is expected to rise at 8.6% CAGR between 2024 to 2034
  • The U.K. will remain a key market for skincare products within Europe. Rising demand from various hospitals, healthcare, and critical care centers will continue supporting growth
  • Expansion of the healthcare sector will push growth in Germany, which will account for maximum skincare products sales within Europe’s healthcare sector
  • Strong growth is likely in China, as consumers increasingly focus on hygiene and sanitization to prevent the risk of infection

Competitive Analysis:

The market is characterized by a small number of startups and well-established skincare vendors. Companies have been expanding their product offerings and developing new markets by introducing cosmeceuticals and cutting-edge skin care products to appeal to a wider spectrum of consumers.

In an effort to take the lead in the skincare product market, the main competitors are exploring mergers and acquisitions. In order to solve customers’ persistent problems caused by the aging population and a lack of time for care, skincare producers are reinventing their products and creating sophisticated and specialty categories.

Prominent Skincare Product Manufacturers:

  • 3M Company
  • Cardinal Health, Inc.
  • Ecolab
  • Gojo Industries, Inc.
  • Beiersdorf AG’s NX NIVEA
  • Whiteley Corporation
  • Reckitt Benckiser Group PLC
  • Carroll Clean
  • Johnson & Johnson Consumer Inc.
  • Galderma laboratories, L.P.
  • PDI, Inc.
  • Betco Corporation
  • Pal International
  • PSK Pharma Pvt. Ltd.
  • Metrex Research, LLC.
  • Gojo Industries, Inc.
  • Unilever
  • Steris Plc.
  • Procter & Gamble

A Old Full Report Analysis Click Here

Key Segments:

By Product:

  • Skin Cleansers
  • Hand Sanitizers
  • Surgical Scrubs
  • Skin Care Cosmetics
  • Other

By Skin Type:

  • Normal
  • Dry
  • Oily

By Form:

  • Liquid Skincare
  • Gel and Lotions
  • Wipes
  • Spray and Foams

By End-user:

  • Hospitals
  • Clinics
  • Ambulatory Surgical Centers
  • Diagnostic Laboratories
  • Reference Laboratories
  • Rehabilitation Centers
  • Long Term Care Centers
  • Critical Care Centers
  • Pharmaceutical and Biotechnology Companies
  • Academics and Research Institutes
  • Homecare Settings

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Real-Time Bioprocess Raman Analyzer Market Poised for Growth, Projected to Reach USD 33.7 Million by 2034 at a 4.8% of CAGR

Real-Time Bioprocess Raman Analyzer
Real-Time Bioprocess Raman Analyzer

The global  real-time bioprocess Raman analyzers market is on track to achieve significant growth, with sales expected to reach USD 21.1 million in 2024. According to recent industry analysis, the market is projected to evolve at a compound annual growth rate (CAGR) of 4.8% over the next decade.

By 2034, the real-time bioprocess Raman analyzer market is anticipated to attain a substantial valuation of USD 33.7 million. This growth is driven by the increasing adoption of advanced analytical technologies in bioprocess monitoring and optimization, highlighting the rising demand for precise, real-time data in biopharmaceutical manufacturing processes.

Real-time bioprocess Raman analyzers are becoming increasingly crucial in the life sciences and biotechnology sectors, providing critical insights for process monitoring and quality control in biomanufacturing. Their ability to offer real-time, non-invasive analysis enhances process efficiency and product quality, driving their growing adoption across various industries.

The market’s expansion is attributed to advancements in Raman spectroscopy technology, rising demand for efficient bioprocess monitoring solutions, and the increasing complexity of biopharmaceutical production processes. As companies seek to improve production accuracy and regulatory compliance, the role of real-time bioprocess Raman analyzers is expected to become more prominent.

Key Takeaways from Real-time bioprocess Raman Analyzers Market Study

  • The global Real-time bioprocess Raman Analyzers market is estimated to surpass US$ 8.7 Mn by 2021
  • The U,S, will emerge as dominant market in North America, accounting for over 95% of the overall sales
  • The U.K. will exhibit growth at a positive pace. According to FMI, it is expected to register nearly 20% Y-o-Y growth in 2021
  • Both Germany and France are expected to emerge as attractive markets for realtime bioprocess raman analyzer in Europe
  • Within East Asia, China will account for higher share of proceeds gained by the market
    “Increasing research and development activities are expected to boost the growth for Real-time bioprocess Raman Analyzers Market. On the other hand, there is a rising demand for quality healthcare and pharmaceuticals. This has been creating significant growth opportunities for key players” says the FMI Analyst  

Want more insights?

Future Market Insights (FMI) brings the comprehensive research report on forecast revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2030. The global Real-time bioprocess Raman Analyzers market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader. The study provides compelling insights on the Real-time bioprocess Raman Analyzers market on basis of a component type (Raman Analysers, Raman Probes, and Software), applications (Lab to Process Analysis and Bioprocess Analysis), and end-users (Biopharmaceutical Companies, Contract Manufacturing Organizations, and Research Organizations) across four major regions.

Who is Winning?

The global market is set to broaden its scope in the forecast period, driven by the increasing adoption rate of real-time and automated solutions during bioprocessing, advancements in technology, and reduced cost in manufacturing of biopharmaceuticals. However, lack of a skilled workforce and inadequate information about the benefits has constrained the sales of Real-time bioprocess Raman Analyzers.

Some of the key players operating in the market are Kaiser Optical Systems (Endress+Hauser), Resolution Spectra Systems Inc. (Merck KGaA), Tornado Spectral Systems, and Sartorius AG. Leading companies are consolidating their positions through mergers, acquisitions, and collaborations.

A Old Full Report Analysis Click Here

Real-time bioprocess Raman Analyzers Market by Category Component Type

  • Instruments
    • Raman Analyzers
    • Raman Probes
  • Software

Application

  • Lab to Process Analysis
  • Bioprocess Analysis

End User

  • Biopharmaceutical Companies
  • Contract Manufacturing Organizations
  • Research Organizations

Region

  • North America
  • Europe
  • Asia Pacific
  • Rest of World

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Pharmaceutical Lipids Market Set for Significant Growth, Expected to Reach USD 8.04 Billion by 2033 at a 5.0% of CAGR

Pharmaceutical Lipids Market
Pharmaceutical Lipids Market

The pharmaceutical lipids market is poised for robust expansion, with projections indicating a steady growth trajectory over the coming decade. Expected to achieve a revenue of approximately USD 4.93 billion in 2023, the market is anticipated to surpass USD 8.04 billion by 2033, reflecting a compound annual growth rate (CAGR) of 5.0% during the forecast period.

This anticipated growth is driven by the increasing application of pharmaceutical lipids in drug delivery systems, particularly in the development of lipid-based formulations and nanocarriers. The rising demand for advanced therapeutic solutions and the expanding pipeline of lipid-based drugs are key factors contributing to the market’s positive outlook.

This growth trajectory reflects the increasing demand for pharmaceutical lipids, driven by their essential role in drug formulation and delivery. Pharmaceutical lipids are crucial for the development of various therapeutic products, including those used in drug delivery systems, nutritional supplements, and advanced medical treatments.

Key factors contributing to the market’s expansion include advancements in lipid-based drug delivery technologies, growing investments in pharmaceutical research and development, and the rising prevalence of chronic diseases requiring innovative treatment solutions.

Furthermore, efforts by governments and regulatory agencies in developed nations, such as the U.S. and the U.K., to streamline the approval process for excipients, are expected to push sales in the market. Because of their cost-effectiveness and patient compliance, oral solid dosage forms are the dominant mode of delivery in the Global Pharmaceutical Lipids Industry and are the preferred option for many pharmaceutical products.

The use of capsules or tablets for drug delivery provides advantages such as increased physical and chemical stability, ease of handling, distinct brand recognition based on colour and shape, and controlled-release options. The majority of liposomal drugs are derived from oral solid drug formulations. The ease of use among patients, particularly children, is expected to boost sales of oral drugs, which will have a direct impact on pharmaceutical lipid sales.

For example, conventional hard solid tablets are difficult to swallow for approximately 50% of patients. This has prompted pharmaceutical companies to create more innovative solid oral product forms, such as effervescent tablets, orally disintegrating granules (ODGs), lozenges, chewable tablets, and instant drinks. This is expected to generate significant demand for liposomal excipients during the forecast period, boosting market growth.

 “Increasing investments in contract manufacturing of pharmaceutical lipids, along with growing demand for oral solid drug formulation is expected to augment the growth in the market over the forecast period,” says an FMI analyst. 

Key Takeaways:

  • Triglyceride sales are expected to account for more than 44.3% of the market by 2032, rising at a 5.1% CAGR during the forecast period.
  • By form, the semi-solid segment commands more than 60.0% of the market in 2021 and is expected to account for 62.7% of the total market share by 2032.
  • In terms of source, sales of semi-synthetic sources will increase at a 5.8% CAGR.
  • In 2021, applications in the conventional lipid-based drug delivery systems (LBDDS) segment held a commanding 64.4% share.
  • The most widely used route of administration will be oral pharmaceutical lipids. In 2021, the segment held 40.8% of the total market share.
  • The U.S. will continue dominating the North America pharmaceutical lipids market over the forecast period owing to the presence of a robust healthcare sector.
  • Demand in the U.K. pharmaceutical lipids market will surge at a 5.1% CAGR over the assessment period.
  • Sales in the India market are slated to increase at a 5.2% CAGR, accounting for a lion’s share in the South Asia pharmaceutical lipids market.

Competition Landscape 

Acquisitions, mergers, expansion, development of an extensive clinical pipeline and product launches are the key strategies adopted by manufacturers to increase the consumer base in various countries. For instance:

  • In July 2020, ABITEC announced the acquisition of Larodan AB, a manufacturer and international marketer of state-of-the-art, high-purity research grade lipids. The acquisition expanded ABITEC’s functional lipid product offerings and scientific capabilities to better serve the pharmaceutical, nutritional, and industrial markets.
  • In January 2020, BASF completed the acquisition of polyamide business of Solvay.
  • In July 2020, Croda International Plc announced the acquisition of Avanti Polar Lipids, Inc., a knowledge-intensive leader in lipid-based drug delivery technologies for the next generation of pharmaceuticals.

Key Companies Profiled

  • ABITEC Corporation (ABF Ingredients)
  • BASF SE
  • Croda International Plc
  • Corden Pharma
  • NOF (Nippon Oil & Fats) Corporation
  • Cayman Chemical Company
  • Lipoid GmbH

A Old Full Report Analysis Click Here

Key Market Segments Covered in Global Pharmaceutical Lipids Industry Research

By Product:

  • Triglycerides
  • Phospholipids
  • Sphingolipids
  • Cholesterol
  • Fatty Acids
  • Others

By Source:

  • Synthetic
  • Semi-synthetic
  • Natural

By Form:

  • Liquid
  • Semi-solid
  • Solid

By Application:

  • Conventional Lipid-based Drug Delivery Systems
  • Self-Emulsifying Drug Delivery Systems
  • Self-Microemulsifying Drug Delivery Systems
  • Liposomes
  • Solid Lipid Nanoparticles
  • Nanostructured Lipid Carriers
  • Others

By Route of Administration:

  • Oral
    • Tablet
    • Solution
  • Parenteral
    • Intravenous
    • Intramuscular (Vaccines)
  • Topical

Author

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

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

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Compression Therapy Market Poised for Growth, Projected to Reach USD 5,925.20 Million by 2034 at a 5.80% of CAGR

Compression Therapy Market
Compression Therapy Market

The compression therapy market is on an upward trajectory, with recent estimates indicating a significant increase in demand revenue, reaching approximately USD 3,371.70 million in 2024. Projections suggest a promising growth path for the industry, with the market expected to attain a valuation of USD 5,925.20 million by 2034. This reflects a steady compound annual growth rate (CAGR) of 5.80% over the forecast period.

Several key factors are driving this upward trend, including rising costs associated with sports injuries and automobile accidents, significant advancements in wound care technologies, and the growth of proactive treatments and rehabilitation programs. These elements are collectively fueling increased demand for compression therapy solutions, which play a critical role in managing and recovering from a variety of conditions.

The market’s expansion reflects a broader trend towards enhanced care and recovery options, supported by ongoing innovations and a growing emphasis on effective therapeutic solutions.

Key Takeaways from Compression Therapy Market Study

  • The static compression therapy held the largest market share in 2019 and the trend is expected to continue in the forecast period (2020-2030)
  • Chronic ulcers are expected to hold more than 69% of market share in terms of revenue in 2020
  • Among all distribution channel, institutional sales is the leading segment followed by retail sales. Retail sales segment is anticipated to grow at CAGR of 6% over the forecast period
  • North America and Europe are collectively expected to hold more than 67% of revenue share in 2020 while East Asia is expected to show greater growth potential in the forecast period.

“Acquisitions and launch of compression products along with increasing demand for compression therapy offering increased mobility, enhance athletic performance and safety profiles are driving the growth of global compression therapy market” says the FMI Analyst 

Expansion with Research: The Latest Trend

The compression therapy market players are onto the expansion spree to stand out.

For instance –

In May 2020, British Medical Journal published a study that stated that anti-embolism stockings are all the more effective with respect to DVT (deep vein thrombosis). This finding is bound to influence players to go for production of anti-embolism stockings in the forecast period

Avanos Medical Inc., in the year 2018, announced acquiring CoolSystems, Inc. The products post acquisition were marketed as “Game Ready”

Huntleigh Healthcare Ltd.’s IPC (Intermittent Pneumatic Compression) products under the “Hydroven” brand are a noteworthy addition to vascular assessment systems

Key Participant Insights

The global market is set to broaden its scope in the forecast period, stimulated by high prevalence rate of diabetes, rising geriatric population globally and adoption of advanced compression therapy systems which can be used as bi-layer and multi-layer for conventional treatment option. In addition to this, strict guidelines limits the design space for potential conceptual ideas and availability of alternate therapies has augmented the sales of compression products.

The key market players covered by FMI include:

  1. Paul Hartmann AG,
  2. Sigvaris AG,
  3. Cardinal Health Inc.
  4. 3M Health Care Ltd.

Compression Therapy Market Key Segment

Product Type

  • Pneumatic Compression Therapy
  • Non-Segmented Pneumatic Compression Pumps
  • Pneumatic Compression Sleeves
  • Lower Pneumatic Compression Sleeves
  • Upper Pneumatic Compression Sleeves
  • Segmented Pneumatic Compression Pumps
  • Segmented Pneumatic Compression Pumps with Calibrated Gradient
  • Segmented Pneumatic Compression Pumps without Gradient
  • Static Compression Therapy
  • Anti-Embolism Stockings
  • Compression Bandages
  • Compression Garments
  • Lower Compression Garments
  • Upper Compression Garments

A Old Full Report Analysis Click Here

Compression Therapy Market by Indication:

  • Chronic Ulcers
  • Venous Leg Ulcers
  • Diabetic Foot Ulcers
  • Pressure Ulcers
  • Non-healing Surgical Wounds
  • Traumatic Wounds
  • Burn Cases

Compression Therapy Market by Distribution Channel:

  • Institutional Sales
  • Hospitals
  • Clinics
  • Ambulatory Surgical Centers
  • Nursing Facilities
  • Retail Sales
  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Sales

Compression Therapy Market by Region:

  • North America Compression Therapy Market
  • Latin America Compression Therapy Market
  • Europe Compression Therapy Market
  • East Asia Compression Therapy Market
  • South Asia & Pacific Compression Therapy Market
  • Middle East & Africa (MEA) Compression Therapy Market

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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