Global Steel Pipe Market 2022: Region-wise outlook and Comprehensive Forecast to 2027

Pipes are a prominent and integral part of every human being’s everyday life, which include transporting water, oil & gas, sewage & sanitation, etc. Steel pipes are one of the types used in the pipe industry for both industrial and housing purposes. Steel pipes are categorised as carbon steel pipe, stainless steel pipes and others. These pipes are mostly used in the water supplying and sewage systems due to its durability and low cost. Carbon steel pipes are usually used in industrial processes involving extreme cold, high heat or for transporting gases, such as steam. Stainless steel has the quality to prevent from oxidation and corrosion, which makes it a widely used material nowadays. One more category that is structural steel pipes, used in the construction industry. Steel pipes are also used in numerous applications that involve the flow of fluid with a closed loop.

Carbon steel pipes are usually used in industrial processes involving extreme cold, high heat or for transporting gases, such as steam. Stainless steel has the quality to prevent from oxidation and corrosion, which makes it a widely used material nowadays. One more category that is structural steel pipes, used in the construction industry. Steel pipes are also used in numerous applications that involve the flow of fluid with a closed loop.

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Global Steel Pipe Market: Region-wise outlook

Asia Pacific is estimated to have a major share in the global steel pipe market. China has many manufacturers in the steel pipe industry, which makes it a dominating player in the Asia Pacific market. The countries in North America, such as the U.S. and Canada with developed steel manufacturing industries, represent as prominent regional markets.

Moreover, the U.S. has produced a wide range of products related to carbon and stainless steel. The U.S. president Mr. Donald Trump also signed a memo for new steel pipelines with the use of U.S.-manufactured raw steel. Based on these factors, the U.S. is estimated to have a hefty market share in the steel pipe market globally. The replacement of ageing pipelines in Europe is expected to gain high market growth over the coming years. Latin America has sluggish growth in the global steel pipe industry market. The Middle East and Africa is estimated to show sustainable growth due to rising oil and gas industries.

Regional analysis includes:

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

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

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By Segmentation:

The global steel pipe market can be segmented on the basis of material type and application:

Based on the material type, the global steel pipe market is segmented as:

  • Carbon Steel
  • Alloy Steel
  • Stainless Steel
  • Tool Steel

Based on the application, the global steel pipe market is segmented as:

  • Automotive industry
  • Construction and mining
  • Textile Machinery
  • Chemicals
  • Pharmaceuticals
  • Energy industries
  • Refinery Petrochemicals
  • Oil and Gas Processing
  • Water treatment facilities

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Global Steel Pipe Market: Drivers

As the oil and gas industry is growing rapidly, the demand for steel pipes is also increasing. Features such as reliability and durability are some of the prominent factors driving the global demand for steel pipes. Steel pipes have a wide range of usability, they are used in the automotive, mining and construction industries, which drives the manufacturing steel pipe industry. The available range of steel pipes becomes one of the reasons surpassing the demand of residential and non-residential sector of steel pipes. The replacement of ageing pipelines also increases the global demand of steel pipes.

Global Steel Pipe Market: Restraints

Substitutes such as iron and plastic pipes, which create diversions for the manufacturer towards other material pipes, are estimated to restrain the market growth. The corrosive behaviour of carbon steel pipes is one of the restraining factors, and the high cost of stainless steel also hinders the growth of the global steel pipe market.

Market Participants

Examples of some of the participants of the global steel pipe market are:

  • Arcelor Mittal
  • American Cast Iron Pipe Company
  • Baosteel Group corporation
  • Evraz Plcevraz plc
  • Anhui Tianda Oil Pipe Company Limited
  • Hyundai Steel Company
  • JFE Holdings Corporation
  • Zekelman Industries
  • Arabian Pipes Company
  • Nippon steel & sumitomo metal corporation
  • TMK Group
  • United States Steel
  • VALLOUREC
  • Steel Authority of India (SAIL)
  • Tata Iron and Steel,
  • Jindal Vijaynagar Steel (JVSL),
  • Essar Steel and Ispat Industries

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint.

Assembly Automation Systems Market: Global Industry Analysis 2013 – 2017 and Opportunity Assessment; 2018 – 2028

Assembly Automation Systems Market: Market Overview:

Competition in the manufacturing sector is driving need for meeting customer requirements, improving agile responses, and enhancing flexible manufacturing capability which are in-turn acting as triggers for increasing demand for assembly automation systems. The growing demand for cost minimization, productivity, and optimum allocation of resources have contributed towards continuous research for analysis and modeling of manufacturing systems. Furthermore, assembly operations in the automated systems play an important role in manufacturing through performing sequence of operations to combine multiple components into a single entity.

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Assembly automation system refers to the use of automated and mechanized devices which are designed to perform a fixed sequence of assembly steps in an assembly line or cell. Transfer line or transfer machine term is used to describe the cases where machining operations such as milling, drilling, and similar rotating cutter processes perform at particular workstations. Although, assembly automation systems are considered expensive to implement and create, the capital investment for them is not as high as transfer lines due to assembly automation system’s relatively smaller size and therefore cost reduction in the system.

Moreover, the assembly systems are classified according to the physical arrangement either in-line machine – single station assembly, carousel assembly system, or dial type assembly machine. Multiple operations, long product life, stable product design, and high product demand, are the major conditions determining the use of automated production lines.

Other benefits of assembly process from automation systems are labor savings, handling multiple tasks to meet manufacturing requirements, consistency of output & throughput, greater profitability through higher production rate, and better reliability.

Increasing demand for meeting customer’s requirement and higher production rate may augment the growth of the market

The competitive working environment across automotive, 3C industry, among others has now forced the companies to automate their assembly processes for production enhancement. Furthermore, new technical improvements along with technical solutions may bring company to hold significant position in the market enabling them to set the quality standards and price levels in the market. The work of the designers or the manufacturing company may help in product success through its performance, costs, and reliability. Therefore, the requirement of flexible and agile manufacturing capability may bring competitive advantage for the manufacturing companies to minimize lead times and elaborating manufacturing processes.

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Assembly Automation Systems Market: Regional Market Outlook:

The global assembly automation systems market is segmented into following regions – North America, Latin America, Western Europe, Eastern Europe, China, Japan, South East Asia (SEA) and Pacific, and Middle East & Africa. North America is estimated to dominate the global market owing to high awareness among manufacturing companies to enhance their production output and manufacturing high quality products. Furthermore, Western Europe is anticipated to account for significant share in the market due to hub of automotive industry in Germany and awareness among end-users to imply advanced technology systems for high quality products within a specific period of time. Asia Pacific is expected to witness significant share in the assembly automation systems market owing to growing awareness for advanced products to meet customer’s requirement across China, India, and ASEAN countries.

Assembly Automation Systems Market: Key Development

Some of the market participants in the global assembly automation systems market are:

  • In 2017, SCHUNK Electronic Solutions introduced SAR-1700 and SAR-1300-Mono-Smart, the two depanelling machines providing large installations for separating large entire long panels or PCBs
  • In 2017, ABB and Kawasaki announced their collaboration for robot automation cooperation and sharing knowledge and promoting benefits of collaborative roots

Assembly Automation Systems Market: Key Market Participants

Some of the market participants in the global assembly automation systems market are:

  • ABB
  • Rockwell Automation, Inc.
  • FANUC
  • RNA Automation Limited
  • NuTec Tooling Systems, Inc.
  • Kuka
  • Yaskawa
  • Bastian Solutions
  • Velomat
  • ATS Automation
  • ABCO Automation, Inc.
  • ThyssenKrupp
  • Hirata
  • Hanwha
  • Eclipse Automation Inc.
  • Koops Inc.

Brief Approach to Research

FMI will follow a modelling-based approach and triangulation methodology to estimate data covered in this report. A detailed market understanding and assessment of the nature, product type of the product segments covered in the study is followed by a demand-side analysis to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data is collected at a regional level and consolidated and synthesized at a global level to estimate the overall market sizes.

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Assembly Automation Systems Market: Product Definition and Segmentation:

The use of assembly automation systems occur where an automated production line has multiple workstations and transferring parts from one station to another along the fixed production line through work handling system. Furthermore, assembly automation systems helps to pass from one workstation to another by means of a mechanized work transport system till it gets to the final workstation.

Global assembly automation systems market is segmented on the basis of product type and application. On the basis of product type, global assembly automation systems market can be segmented into:

  • Robot Automation Equipment
  • Central Control System
  • Other Automation Equipment

On the basis of end-use industry, global assembly automation systems market can be segmented into:

  • Automotive
  • 3C Industry
  • Others

Key Data Points Covered in the Report

Some of the key data points covered in our report include:

  • An overview of the Assembly Automation Systems market, including background and evolution
  • Macroeconomic factors affecting the Assembly Automation Systems market and its potential
  • Market dynamics, such as drivers, challenges and trends
  • Technology Roadmap involved from inception period to present date
  • Detailed value chain analysis of the Assembly Automation Systems market
  • Cost structure of the products and segments covered in the global Assembly Automation Systems market
  • In-depth pricing analysis, by key product segments, regions and by major Assembly Automation Systems market participants
  • Analysis of supply and demand, such as top producing and consuming geographies, imports/exports and overall trade scenario in the global Assembly Automation Systems market
  • Analysis of the global Assembly Automation Systems market structure, including a tier-wise categorization of key Assembly Automation Systems market participants
  • Competitive landscape of the market, including detailed profiles of top players in the Assembly Automation Systems market

Optical Spectrum Analyzer Market Records Growth as Demand from IT and Telecommunication Rises: FMI

Optical spectrum analyzer market is considerably gaining from the rising demand in the IT and telecommunication industry. According to a new study by Future Market Insights (FMI), the market will continue exhibiting steady growth since optical spectrum analyzer is an important tool in signal discrimination that finds application across diverse industries starting from IT to aerospace.

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The telecom industry has expanded exponentially in the last few years, which has in turn created lucrative prospects for the growth of the market.

Optical spectrum analyzer is highly sought-after in telecommunication industry. It is used to determine occupied bandwidth and track interference sources. The growth in IT and telecommunication industry is forecast to fuel the demand for optical spectrum analyzers in the coming years. The market also is expected to gain from the rising demand in medical & healthcare, energy & utilities, and other end-use industries.

According to Future Market Insights (FMI), the global optical spectrum analyzer market is set to grow at 5.8% CAGR during the forecast period from the year 2022 to 2030.

Despite facing slower growth rate due to COVID-19 pandemic in the recent year, the market is soon likely to recover, creating ample opportunities for the companies operating therein.

FMI offers an exhaustive overview of the optical spectrum analyzer market, its growth drivers, and restraints.

Some of the key takeaways from the report are highlighted below-

  • Portable optical spectrum analyzer is gaining traction as more preferred products among various industries
  • Wavelength meter mode of optical spectrum analyzer is highly sought-after in the market
  • The IT & telecommunication industry will continue exhibiting high growth for optical spectrum analyzer
  • North America has emerged as a highly lucrative market. In the coming years, the demand from South Asia as well is expected to rise at a high rate

“Reflective or refractive techniques are used by the optical spectrum analyzer in order to distinguish wavelengths of light. This factor makes it a highly sought-after technology used in the IT & telecommunication industry. Since in terms of efficiency, portability, and cost-effectiveness portable optical spectrum analyzers are becoming the first preference of diverse end-use industries, the key market players are focusing on launching better quality products,” said an FMI analyst.

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COVID-19 Impact Analysis

The COVID-19 pandemic has hampered the growth of several industries, including key end users of optical spectrum analyzer market such as IT, aerospace, and others. In the beginning of this year, the manufacturing units had to struggle with restrictions such as shortage of raw materials, decrease in manpower, closed supply chain, and others during extended period of lock down.

Contrary to this, the pandemic resulted in surge in demand for optical spectrum analyzers from medical & healthcare industry due to increase in rush of patients. Despite being impacted by COVID-19 pandemic, the optical spectrum analyzer market is set to grow steadily throughout the forecast period.

Who is Winning?

The global optical spectrum analyzer market is set to grow exponentially in the coming years. In order to sustain their positions, the key market players are focusing on developing more sophisticated products.

For instance, AMS Technologies has launched their new range of optical spectrum analyzers such as Ultra Optical Spectrum Analyzer (OSA) Spectrometer, UltraBright Spectrometer, HyperFine Spectrometer, and others in order to target the key end users such as telecommunication, medical, and others.

Thorlabs has launched their new Dual-Function Broadband Spectrometer and Wavelength Meter equipped with FC/PC Fiber Connector and Free-Space Optical Input. This type of optical spectrum analyzer is capable of working in two modes- spectrometer mode (7.5 GHz resolution) and wavelength meter mode (0.1 ppm resolution).

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Global Optical Spectrum Analyzer Market by Category

By Product Type:

  • Portable
  • Benchtop
  • Handheld

By Mode Type:

  • Spectrometer Mode
  • Wavelength Meter Mode

By End Use:

  • IT & Telecommunication
  • Medical & Healthcare
  • Energy & Utilities
  • Automotive
  • Institutions
  • Aerospace & Defence
  • Semiconductors & Electronics

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • MEA
  • Oceania

Industrial Applications Account for 1/3rd of Overall Carbon Brush Sales, Suggests New FMI Report

[257 Pages Report] Sales in the global carbon brush market are slated to top US$ 2.7 Bn in 2022. Expanding at a healthy 3.8% CAGR, the market size is projected to total US$ 3.6 Bn by 2029.

Attribute Details
Carbon Brush Market Estimated Size 2022 US$ 2.7 Bn
Carbon Brush Market Value-based CAGR (2022-2029) ~3.8%
Carbon Brush Market Size in Projected 2029 US$ 3.6 Bn

Easy availability of customized carbon brushes based on hard tops, plates, terminals, shunts, seating, bevels, dimensions, and similar other features is anticipated to propel the sales in the market. Also, increasing usage of electric motor brushes as electrical conductors in generators is set to drive the market over the forthcoming years.

The choice of a carbon brush is a critical factor as its performance has a significant impact on the operation of the rotating machine. It also plays an important role in sending the electrical current between rotating and motionless parts by sliding contact.

Future Market Research’s new market research report titled, ‘Carbon Brush Market: Global Industry Analysis 2014–2018 and Market Forecast 2019–2029′, scrutinizes the carbon brush market, and offers critical insights for the forecast period between 2019 and 2029. As per the report, the global carbon brush market is projected to observe remarkable growth during the forecast period, owing to the aspects such as rising demand from industrial applications, automotive, and electrical hand tools.

The market for the global carbon brush market was valued at over US$ 2,500 Mn in the year 2018, and is expected to expand at a CAGR of nearly 4% during the forecast period of 2019 to 2029.

Increasing production is sectors such as industrial applications, automotive, electrical goods, household appliances, energy, and healthcare, among others, has resulted in a drastic growth in the demand for carbon brushes, which are used to conduct electrical current between the stationary and rotating parts of a motor. This describes the anticipated growth of the carbon brush market during the forecast period.

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East Asia Projected to Offer Noteworthy Growth Opportunities to the Carbon Brush Market Players

The global carbon brush market is considerably consolidated, with the top 4 players accounting for around one-fourth share of the overall market. Apart from these 4 players, there are few players in the market that have established themselves at domestic and as well as global levels. Subsequently, market players involved in the carbon brush market are poised to expand into lucrative regions, and are also expending their manufacturing facilities to cater to the ever-growing demand.

In the global carbon brush market, East Asia is expected to be a prominent region throughout the forecast period, because of the increasing production and consumption of carbon brushes in China. Beside East Asia, North America, including countries such as the U.S. and Canada, is also anticipated to be a lucrative region for the carbon brush market. The increasing consumption of electrical appliances, industrialization, and surge in automobile sales are some of the cited factors driving the growth of the carbon brush market in East Asia.

Motor Segment, by Application Type, and Industrial Application Segment, by End-Use Industry, to Remain Prominent Over the Forecast Period

Based on product type, the electro graphite segment is expected to remain a dominant segment in the forthcoming years, accounting for a protruding share in the global carbon brush market throughout the forecast period. In terms of the growth rate, the electro graphite segment is considered to project relatively higher growth in the coming years. On the basis of application, the motor segment is estimated to account for nearly one-third of the market size, owing to their vast applications in various end-use verticals. Based on sales channel, the aftermarket segment is estimated to account for nearly two-third of the market size throughout the forecast period.

Carbon brushes have significant applications in various end-use industries such as automotive, electrical hand tools, industrial applications, household appliances, security and defence, petrochemicals, energy, and healthcare, among others. The industrial applications segment is projected to be one of the prominent end-use industry segments in the carbon brush market, and is expected to account for more than one-third of the total carbon brush market throughout the forecast period. Besides industrial applications, carbon brushes also find important application in the automotive industry, which is also expected to create significant revenue for the global carbon brush market.

Carbon Brush Market – Key Research Findings

  1. Global carbon brush market size in 2018 – Nearly US$ 2,500 Mn
  2. The carbon brush market is expected to grow at a CAGR of nearly 4% over 2019-2029.
  3. East Asia and North America are expected to remain prominent regional markets in the carbon brush market.
    • East Asia and North America are the leading regions in the carbon brush market, owing to the increasing adoption of carbon brush products for motors and increasing industrial applications for the development of carbon brush products for different applications.
  4. Distribution and marketing synergies between companies expected to exploit carbon brush market growth prospects.
    • Major players in the carbon brush market, such as Morgan Advanced Materials, Mersen SA, Robert Bosch GmbH, Schunk GmbH, etc., are employing synergistic methods of product co-marketing and co-promotion, by teaming up with other companies.
    • The synergistic partnerships between actively operating companies are proven to pose an instant growth impact on the carbon brush industry, when compared to that held by strategic acquisitions and mergers.
    • In October 2018, Schunk GmBH laid the foundation of its new production facility in Heuchelheim. It invested approximately 30 million Euros in the project.
  5. Electro graphite is expected to remain a highly preferred product type in the carbon brush market.
    • The demand growth of electro graphite can be primarily attributed to the growth of the global motor market.
    • Some of the factors such as cost effectiveness and rising awareness about the benefits of carbon brush procedures are expected to propel the growth of the carbon brush market.

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CARBON BRUSH MARKET TAXONOMY

The global Carbon Brush market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach in front of the reader.

By Product Type

  • General Graphite
  • Metal Graphite
  • Carbon Graphite
  • Electro Graphite
  • Silver Graphite
  • Resin- Bonded Graphite
  • Others (impregnated)

By Application

  • Motor
  • Generator & Alternator
  • Current & Signal transmission
  • Grounding Devices
  • Others

By Sales Channel

  • OEM
  • Aftermarket

By End Use

  • Automotive
  • Electrical Hand Tools
  • Industrial Application
  • Household Appliances
  • Security & Defense
  • Petrochemical
  • Energy
  • Healthcare

By Region

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • MEA

Carbon Brush Market: Vendor Insights

The report highlights some of the market players that are prominent and are leaders in the global carbon brush market. Some of the examples of the key players in this market are

  • Morgan Advanced Materials, Mersen SA, Robert Bosch GmBH, Schunk GmBH, Toyo Tanso Co., Ltd, Pelican Carbon Brush Pvt. Ltd, Helwig Carbon Products Inc., Aupac Co., Ltd, Assam Carbon Products Limited, Naeem Carbon & Industrial Products LLP, Phynyx Industrial Products Pvt. Ltd, and National Carbon Brush Products, among other players.

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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

For additional actionable insights on the current and prospective market scenario of carbon brush, write in to the analyst at press@futuremarketinsights.com

Global Barcode Scanners Market Implementation of Barcoding in Businesses to Maintain Assets Boosting : FMI

The global barcode scanner market is estimated to be valued worth US$ 7 Bn in 2021, according to FMI. The market is expected to register robust growth on the backdrop of healthy demand from retail, e-commerce and logistics, healthcare, and manufacturing sectors.

The advent of barcode technology has greatly reduced the hassles of tracking supply and commodity sale records for retailers across the globe. Over the years, the technology has been consistently improved and made more efficient.

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

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

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

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

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Market segmentation

By Product Type

  • Portable/Handheld
    • Rugged Scanners
    • PDA Scanners
    • Automatic Readers
    • Others
  • Fixed Position
    • Stationary Scanners
    • Presentation Scanners
    •  Automatic Readers
    • Others

By End Use

  • Retail & Commercial
  • General Manufacturing
  • Healthcare
  • Logistics & Warehouse
  • Commercial Aviation
  • Defence
  • Others

By Technology

  • Pen Type Reader
  • Laser Scanner
  • CCD (Charge Coupled Device) Readers
  • Camera Based Reader
  • Omni Directional Barcode Scanner
  • Smartphone Based Scanner
  • RFID (Radio Frequency Identification Technology

By Region

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

Additional Highlights of the report Include:

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

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

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

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

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Market players are targeting APEJ as their key sales region.  

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.

 

About Future Market Insights (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, and has delivery centers in the UK, 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.
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Odor Detection Equipment Market Size, Top Key Players, Latest Trends, Regional Insights and Global Industry Dynamics By 2022

Odor Detection Equipment are devices that identify odor emanating from human and non-human sources. Odor Detection Equipment perform the same function as a typical human or animal nose, by detecting and identifying odor based on the molecules and their typical physical or chemical patterns. Odor is a composition of volatile organic compounds (VOCs) which have a relative molecular mass that is between 30 g/mole to 300 g/mole.

Odor is one of the most frequent cause of complaints related to air pollution and it may emanate from a variety of different sources such as rotting food or other vegetation in residential areas, odor from manufacturing facilities, sewerage treatment plants, industrial facilities such as refineries etc. The precise detection of odor is extremely important for human health, safety and survival. In commercial and industrial set-ups, odor detectinon equipment perform this critical function of detecting foul odor or critical incidences such as gas leaks, so that sources can be identified and preventive measures taken at the earliest.

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Odor detection equipment are of various types and have been in development since many decades now. However, the overall complexity of associated with detecting odor, especially when single devices need to identify multiple kinds of odors, have presented challenges for the odor detection equipment development.

Considering these aspects of the Odor Detection Equipment, the study of the trends and forecasts of the Odor Detection Equipment market becomes an important read.

Odor Detection Equipment find widespread use for various applications including for the detection of odor in public facilities such as lavatories, odor from production process, air & odor quality during food products manufacturing, detecting specific odors in healthcare facilities such as nursing homes and hospitals, measuring intensity of foul odor emanating from sewage treatment or garbage disposal sites, and detection of total volatile organic content of the air in industrial set ups such as petrochemical refineries.

Odor Detection Equipment help uniquely identify, analyze and quantify the type, intensity and quality of odor from different sources so as to decide remedial measures. In industrial applications, odor detection equipment can play lifesaving roles by identifying harmful chemical mixtures in air when they reach unwanted levels. The odor detection equipment market is continuing to witness lot of interest from new high technology start-up companies, which are seeking ways to simplify the design & technology of odor detection equipment and improve the versatility of their applications.

Regional Outlook

The demand for Odor Detection Equipment is set to grow at a good pace in the next five to ten years as the technology behind these equipment becomes more advanced and accurate than ever before. Asia Pacific region is expected to be significant for Odor Detection Equipment market, with large scale industrialization and growing spending in public infrastructure and scientific research. Europe and North America are also large markets for Odor Detection Equipment with well-developed systems and guidelines for the measurement and testing of odor using odor detection equipment for a wide scape of end uses and applications. Stringent public hygiene, health and safety regulations in these regions will also help the Odor Detection Equipment market. U.S., U.K., China, and Germany are some of the key countries to watch in the Odor Detection Equipment market.

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Argentina, Chile, Peru)
  • Western Europe (Germany, Italy, France, U.K., Spain, BENELUX, Nordic, Eastern Europe)
  • CIS and Russia
  • Asia-Pacific (China, India, ASEAN, South Korea)
  • Japan
  • Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

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

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Odor Detection Equipment Market: Segmentation

On the basis of technology type, the Odor Detection Equipment market can be segmented as,

  • Chemical Sensors
  • Biosensors
  • Gas Chromatography System
  • Mass Spectrometers
  • Differential Optical Absorption Spectrometers
  • Hybrid Systems

On the basis of application, the Odor Detection Equipment market can be segmented as,

  • Real-time/On-site
  • Laboratory/Off-site

On the basis of end use, the Odor Detection Equipment market can be segmented as,

  • Personal
  • Commercial
  • Industrial
  • Research
  • Government & Municipal

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

Odor Detection Equipment Market: Market Participants

Examples of some of the market participants identified in the Odor Detection Equipment market include,

  • Electronic Sensor Technology, Inc
  • Shinyei Technology Co., Ltd.
  • ACOEM Group (Ecotech)
  • Olfasense GmbH
  • AIRSENSE Analytics GmbH
  • Kanomax USA, Inc.
  • RubiX S&I SAS
  • Envirosuite Limited (Odotech)
  • New Cosmos Electric Co., Ltd.
  • Aryballe Technologies

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

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Disposable Protective Apparel Market Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2016-2026 ; FMI

Disposable protective apparel, refers to a clothing designed for a single use after which it is recycled or is disposed as solid waste. The term often implies short-term convenience and not medium to long-term durability. Disposable protective apparel manufacturers produces a multitude of items that protects from head to toe such as hard hats, respiratory marks, helmets, tyvek suits, gloves and many more that are planned for one use only. The main reason is infection control; when used only once it cannot send infectious agents to people. Disposable protective apparel is primarily used for safety of workers or people against dangers. Increasing demand from various end use industries such as chemicals, oil & gas, medical, pharmaceutical, mining and automotive among others, the demand for disposable protective apparel is rapidly growing.Get | Download Sample Copy with Graphs & List of Figures:
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Disposable Protective Apparel Market: Drivers & Restraints

The type of disposable protective apparel differs on the basis of industry in which one works. As per Occupational Safety & Health Administration (OSHA) has issued criteria for all way of protective clothing. Owing to this, workers or people can study OSHA standards to know what to wear and what level of protection is required with respect to their work. Certain government rules and regulation along with standardization in personal protective equipment industry, is expected to drive the growth in the disposable protective apparel market.

Increasing demand from healthcare, research and pharmaceutical is escalating the growth in global disposable protective apparel market. Additionally rising safety concerns along with increasing industrialization in developing economies of China, India and Brazil are expected to drive the disposable protective apparel market. However, complex manufacturing process and high cost associated with disposable protective clothing are expected to be key challenges for the disposable protective apparel market.

Disposable Protective Apparel Market: Region-wise Outlook

The global disposable protective apparel market is geographically segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan and Middle East & Africa. North America and Europe markets are mature markets. Asia Pacific is the fastest growing market and holds the major market share in the global disposable protective apparel market. Developing economies such as Brazil, India, China, South Africa and Russia where the demand for healthcare is beginning to increase, are expected to help sustain growth of the disposable protective apparel market. These countries will certainly offer alternate markets for new penetration models with disposable protective apparel.

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Disposable Protective Apparel Market: Key Players

Some of the key market participants in the global disposable protective apparel market are:

  • Lakeland Industries
  • 3M
  • DuPont
  • Kimberly-Clark
  • Cellucap Manufacturing
  • Alpha Pro Tech
  • Shenzhen Selen Static Scientific Co., Ltd.
  • Royal TenCate NV
  • W. L. Gore & Associates
  • Cardinal Health
  • Honeywell International
  • PBI Performance Product Inc.
  • Benette Safetywear Ltd
  • Bulwark Protective Apparel
  • Ansell Limited
  • Life Science Products, Inc.

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

The report covers exhaustive analysis on:

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

Regional analysis includes

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

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

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Disposable Protective Apparel Market: Segmentation 

On the basis of application, the global disposable protective apparel market can be segmented into:

  • Medical
  • Aerospace
  • Food
  • Industrial
  • Pharmaceutical
  • Electronics
  • Other (Bioclean, Hospital, & Semiconductor)

On the basis of material type, the global disposable protective apparel market can be segmented into:

  • Tyvek
  • Spunbonded polypropylene
  • Compressed polyethylene
  • Others (Vinyl)

On the basis of product type, the global disposable protective apparel market can be segmented into:

  • Disposable gloves
  • Splash gowns
  • Lab coats
  • Aprons
  • Scrub suits
  • Disposable coveralls or shirts and pants
  • Others

Global Automatic Clay Brick Making Machine Market In-Depth Analysis of the COVID-19 Impact

Automatic Clay Brick Making Machine Market: IntroductionOver the century, the technique of manufacturing of clay brick has not experienced much change across the world. These are significant basic material for all scopes of construction activities and constitute about 10% of the total building material cost. Nowadays, building construction has become sophisticated and complex. Early types of construction provides minimal shelter from fire attack, wind and rain. At present, the definition of modern house has changed where every aspect of lightning, climate and security could be under finger-tip control. With this development, there is continuous demand for improved, more efficient and economical as well as environmental friendly construction materials such as baked clay bricks which in turn increase the demand for automatic clay brick making machine market.
Get | Download Sample Copy with TOC, Graphs & List of Figures: https://www.futuremarketinsights.com/reports/sample/rep-gb-7401The construction industry is an important part of every economy with the contribution of more than ten percent of the GDP. And clay bricks are the backbone of this sector. China and India are the largest producer of clay bricks across the world. According to facts, the clay brick sector consumes more than 24 million tons of coals annual along with massive amount of biomass fuels. Therefore, due to large scale construction projects resides in major cities and towns thus number of brick plants have been set up on the outskirt of these cities. The Asia-Pacific estimated to be the major market for clay brick production. 

Automatic Clay Brick Making Machine Market: Dynamics

In developing countries such as China, India, Argentina and Brazil expansion is taking place at rapid speed and will contribute to the growth of construction industry, which in turn, will spur the demand for clay brick making machine. With the support of government in increase in FDI, providing loans, investments, and subsidies, the construction of commercial spaces is increasing day by day. Moreover, owing to increase in population coupled with growth in demand for residential area will also support the demand for clay brick making machine market. However, the increasing demand of glasses in building will restraint the demand of automatic clay brick making machine market. Also, more and more use of plywood instead of walls hampers the growth of clay brick making machine market. Moreover, use of steel and concrete in buildings also hamper the demand of clay brick machines market

Automatic Clay Brick Making Machine Market: Regional Outlook

The global Clay brick making machine market is segmented into nine key regions: Latin America, North America, Eastern Europe, Western Europe, China, India, SEA, Japan and Middle East and Africa (MEA). In the coming years, MEA, North America and Western Europe regions as government administration will push ahead development plans to clear backlog of infrastructure will support the demand for clay brick market. The Asia Pacific, Eastern Europe and Latin America region are key regions in terms of revenue owing to massive population that will ultimately create positive impact on the construction sector in turn support clay brick machine market.

Automatic Clay Brick Making Machine Market: Market Participants

Some of the market participants/vendors identified in the Automatic Clay Brick Making Machine market across the globe are:

  • Wangda Bricks Machinery
  • Agro Engineering Pvt. Ltd.
  • SNPC Machines Pvt. Ltd.
  • Rising Industries
  • MEW Machines
  • Raj Industries
  • Vivek Engineering
  • Zhengzhou YingFeng Machinery Co. Ltd.
  • Yuanhang (Group) Machinery Equipment Co. Ltd.

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

Request a Complete TOC of this Report with figures: https://www.futuremarketinsights.com/toc/rep-gb-7401

The report covers exhaust analysis on:

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

Regional analysis includes:

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

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

Automatic Clay Brick Making Machine Market: Segmentation 

On the basis of material used, the Automatic Clay Brick Machine market can be segmented into:

  • Pure Clay Brick
  • Clay with black soil

On the basis of motor power, the Automatic Clay Brick Making Machine market can be segmented into:

  • Less than 10 HP- Clay Brick Making Machine
  • 10 HP to 20 HP – Clay Brick Making Machine
  • More than 20 HP – Clay Brick Making Machine

On the basis of end-use, the Automatic Clay Brick Making Machine market can be segmented into:

  • Residential
  • Non Residential

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Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

Aerial Work Platform (AWP) Market is set to grow at 12% CAGR between 2021 and 2031 : FMI

[192 pages Report] An aerial work platform (AWP) Market are commonly used for all kinds of maintenance and construction activities, especially when it needs to be done at a certain height. It is used extensively in maintaining overhead lines in the power and telecommunications and in arboriculture industries.

Increasing the number of urban and rural infrastructure projects to meet the needs of the increasing population around the world is generating endless growth avenues for the aerial work platforms market.

According to Future Market Insights (FMI), the aerial work platform market is expected to surpass US$ 7.09 Bn by 2021. The demand for aerial work platforms is increasingly growing in the general infrastructure and manufacturing sectors. It has become popular between small & giant construction firms and maintenance agents.

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In addition, massive government spending on infrastructure projects such as highways, rail, water conservation, and power generation is likely to create lucrative business opportunities over the next few years. However, low availability of qualified machine operators and massive costs incurred during the procurement of equipment are some of the factors that might impede the growth.

Moreover, the rapid development for equipment from myriad industries has pushed manufacturers to sell technically fitted instruments such as electrification and hybridization technology, thus further widening the potential of development over the near future for the market for aerial work platforms. Scissor lifts are likely to remain highly preferred, accounting for over half of aerial work platform sold through 2031.

Key Takeaways of Aerial Work Platforms Market Study

Between 2021 and 2031, the aerial work platform market will expand at a CAGR of 12.0%

The U.S. will emerge as a highly lucrative pocket, accounting for over 90% of North America market in 2021, in terms of value

The U.K. will exhibit steady growth post slowdown in 2020. FMI projects it to record above 1.5% Y-o-Y growth in 2021

Rising construction spending will continue supporting demand from Germany and France

Investment in infrastructural development will boost growth in Japan, South Korea, and China

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“While investment towards technological improvements remains a key focus, key market players are expected to mostly rely on rental businesses to expand their footprint. Besides this, some of the companies are incorporating sensors in aerial work platforms to help them detect potential obstruction averting risk of accidents on site,” said a lead analyst at FMI

Aerial Work Platforms Market by Category

Product Type

Boom Lifts
Scissor Lifts
Truck/Crawler Mounted Lifts
Push Around Aerial Work Platforms
Spider Lifts
Others

Platform Working Height

Below 10 Meters
10 to 20 Meters
20 to 30 Meters
Above 30 Meters

Fuel

Gas/ Diesel
Electric
Hybrid

End User

Industry
Construction
Mining
Transportation and Logistics
Manufacturing
Aerospace and Defence
Others (Utility, Government etc.)
Rental Providers

Region

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

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Who is Winning?

Some of the leading companies operating in the aerial work platforms market are Terex Corporation, J C BAMFORD EXCAVATORS Ltd., Aichi Corporation, Haulotte Group, Linamar Corporation, Hunan Sinoboom Heavy Industry Co. Ltd., Manitou Group, Tadano Limited, Zhejiang Dingli Machinery Co., Ltd., OSHKOSH CORPORATION, MEC AERIAL WORK PLATFORMS, PALFINGER AG, IMER INTERNATIONAL SpA, MANTALL HEAVY INDUSTRY CO., LTD, NOBLELIFT INTELLIGENT EQUIPMENTCO.,LTD. These companies have been focusing on product launches besides strategic collaborations to gain competitive advantage.

For instance, in October 2019, Manitou unveiled five new boom lifts for the market in North America. These were diesel powered boom lifts and the models were ATJ 60, TJ 8, TJ 65+, TJ 80+, and TJ 65. With this the company expanded its MEWP line.

Explore FMI’s Extensive Coverage on Industrial Automation Domain

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Glass Reactors Market: Application in Pilot Plants to Account For 43.7% of Glass Reactors Market in 2021

 

Power Factor Correction Devices Market Global Industry Analysis 2017 – 2027 : FMI

Power factor correction devices are also known as power saver devices. It is connected to the mains of the electrical system for improving the power factor measurement taken using an electricity meter. Power factor correction devices measure how efficiently power is consumed. However, the utility bill based on real power is not affected by power factor correction devices, but it is useful for industrial users where the power charges are based on PFC rather than real power.
Ideally, power factor will be unity (1 i.e. 100%), when the current and voltage simultaneously achieves maxima, but due to highly inductive load/devices in the real world it is reduced to 0.7 or less. The capacity of a circuit performance at a particular time is real power. It is observed that load/device with a low power factor takes more current than high-power factor devices in the electrical system for the same amount of power transferred.
However, energy loss is also more in the distribution of higher current in the system. It also requires higher capacity wires and equipment.
And due to the extra expenses and the wastage of current, power companies charge a higher cost to low power factor users, which are usually industrial and commercial customers.
This is mainly caused by lightly loaded induction equipment; any device that has a coil of wire will create low power factor, such as Air Conditioners, pumps, fans or blowers, induction furnaces, weaving machines, standard stamping machines, single-stroke presses and automated machine tools. So, the power factor correction devices are used to raise the power factor of the respective devices and reduce the electricity bill.
To remain ‘ahead’ of your competitors, request for a sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-3431 Power Factor Correction Devices Market:Market DynamicsRobust growth in HVAC systems across the world and increasing awareness among people to save electricity by connecting power factor correction devices to the electrical system lead to substantial increase in demand for power factor correction devices. Also, implementation of energy-efficiency norms and standards for the development of public lighting and power system is also expected to bolster the demand for power factor correction devices over the forecast period.

There are also certain risks associated with the installation of power factor correction devices. When power factor correction devices are connected to the system, they set up a parallel resonance circuit between their capacitors and the system network inductance. Sometimes, the wave components that are close to the parallel resonance are magnified and can cause serious problems such as excessive voltage distortion, insulation breakdown within motors, transformers and conductors and overvoltage tripping of drives . These risks can act as restraints to the power factor correction devices market.

The presence of alternatives such as vacuum contactors can also hinder the growth of power factor correction devices market. Whereas, the growing tendency among people to save electricity by connecting power factor correction devices covers up these restraints to an extent.

Power Factor Correction Devices Market: Regional Outlook

Asia Pacific holds the major share of the global power factor correction devices market, followed by North America and Europe. Asia Pacific accounts for a significant share due to the substantial growth in electricity consuming sectors in this region. Rapid urbanization and industrialization in many major countries in the region such as China and India, is also expected to boost the market growth over the forecast period.

Power Factor Correction Devices Market: Market Participants

Some of the examples of market participants in the global power factor correction devices market, identified across the value chain are

  • Siemens AG
  • ABB
  • Toshiba Corporation
  • Schneider Electric
  • Mitsubishi Electric Corporation
  • LARSEN & TOUBRO LIMITED
  • Eaton
  • Cgglobal

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

For critical insights on this market, request to ask an expert here @ https://www.futuremarketinsights.com/ask-question/rep-gb-3431 

The report covers exhaust analysis on:

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

Regional analysis includes:

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

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

Power Factor Correction Devices Market:Market Segmentation

Segmentation of power factor correction devices market can be doneon the basis of end-use as follows;

  • Automotive industries
  • Consumer electronics
  • Medical and healthcare industries
  • Mining industries
  • Electric Power industry.

Segmentation of power factor correction devices market can be doneon the basis of application as follows;

  • Distributed power factor correction device
  • Group power factor correction device
  • Centralized power factor correction device
  • Combined power factor correction device
  • Automatic power factor correction device

For More Information or Query or Customization Before Buying, Visit: https://www.futuremarketinsights.com/customization-available/rep-gb-3431 

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint