Market Research Blog – Page 13635 – New Product Development

India Power Tools Market to register healthy CAGR of 9.5% over the forecast period 2022–2026

The power tools market in India is anticipated to register a Y-o-Y growth of 6.7% by end of 2016, and is estimated to reach INR 3,532.8 Crore in terms of revenue. Growing industrialisation and widespread availability of wide range of power tools will continue to drive growth of the India power tools market. The markets in South and North India are estimated to collectively dominate the India market.

India power tools market is anticipated to register healthy CAGR of 8.9% in terms of value, and 9.5% in terms of volume over the forecast period (2016–2026). Growth of the power tools market in terms of revenue is attributed to various factors, regarding which FMI offers detailed insights in the report.

Robust development in the industrial sector and growing automotive sales are key factors driving growth of the India power tools market. Moreover, increasing consumer confidence index (CCI) in India is projected to play a key role in escalating demand for power tools in the India market. Emergence of a variety of cost-effective, durable and multi-functional power tools is anticipated to fuel demand in future. In addition, shifting consumer behaviour toward DIY hacks is also expected to boost demand for power tools in India.

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Professional power tools will continue to gain traction, and major shift from nickel-cadmium to lithium-ion powered tools will create new opportunities for power tools manufacturers in the country.

However, increasing import of power tools from China may negatively impact market share of domestic and international players in the India power tools market.

The India power tools market is expected to witness increasing demand for industrial power tools as compared to household power tools. Industrial power tools segment is anticipated to contribute over 55.8% in terms of revenue to the market; whereas household power tools segment is expected to account for 44.2% in terms of value share by end of 2016.

Low operational costs and ease-of-use will continue to drive electric power tools segment, which is anticipated to dominate the India power tools market till 2016 end. Pneumatics and others segments are projected to collectively contribute over 46% in terms of value share to India power tools market in 2016.

The markets in South India and West India represent highest penetration of power tools, owing to concentration of a large number of industries. South and North India markets are expected to expand significantly in terms of revenue as compared to moderately thriving East India and North India markets.

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Competitive Landscape

The report includes market share analysis of the existing international, China-based and domestic players in the market. The report also profiles both global and domestic players in the India power tools market.

Global Players in the market include Atlas Copco AB, Snap-on International, Techtronic Industries Co. Ltd., Danaher Corporation, Actuant Corporation and SKF AB. Regional players in the market include Stanley Black & Decker, Hitachi Koki Co. Ltd., Makita Corporation, Robert Bosch GmbH and Kulkarni Power Tools.

Long-term Outlook: India power tools market is anticipated to register a healthy CAGR of 9.5% in terms of volume and 8.9% in terms of value over the forecast period, 2016–2026. Electric power tools market is estimated to account for 56.6% in terms of revenue share by end of 2026.

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Commercial Refrigeration Compressors Market: The global commercial refrigeration compressors market is estimated to be worth around US$ 3.59 Bn in 2022. With surging demand from food and beverages industry, the overall market is projected to expand at a moderate CAGR of 4.5% between 2022 and 2029, reaching a valuation of US$ 4.87 Bn by 2029.

ASEAN Safety Sensors and Switches Market: The safety sensors and switches market in ASEAN countries is estimated to be worth around US$ 891 Mn in 2022. With rising adoption of safety sensors and switches for minimizing the personal and institutional damage, the overall market is anticipated to grow at an impressive CAGR of 10.2% between 2022 and 2028, reaching a valuation of US$ 1.59 Bn by 2028.

Magnetic Separator Market: Increasing use of magnetic separators to remove unwanted particles during the metal recycling processes across diverse industries is propelling the demand in the market. Driven by this, the market valuation is set to reach US$ 1.7 Bn in 2029.

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Pallet Trucks Market Is projected to close in on US$ 57.6 Bn by 2028 : FMI

The global pallet trucks market is estimated to be valued at US$ 38.2 Bn in 2022, and is projected to close in on US$ 57.6 Bn by 2028, expanding at a CAGR of 7.1% from 2022 to 2028.

Pallet Trucks Market Size (2022)	US$ 38.2 Bn
Sales Forecast for Pallet Trucks (2028)	US$ 57.6 Bn
Global Market Growth Rate (2022 to 2028)	7.1% CAGR
Market Share of Top 5 Pallet Truck Suppliers	50%

Pallet truck sales currently account for around 15% share of the global material handling equipment market. Demand for electric pallet trucks is likely to increase the fastest at a CAGR of 8% over the assessment period of 2022 to 2028.

Based on control, the electric segment is expected to register attractive growth over the forecast period, while the manual segment is poised to dominate in terms of volume. Based on design type, the silent and weighing segment will gain market share penetration during the forecast period.

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The annual revenue from pallet trucks globally is valued to be US$ 29,734.6 Mn by the end of 2018, which is further expected to grow at a steady pace over the years. The dominating regions, i.e. North America, China and Western Europe, are collectively to account for majority share in the global pallet trucks market. These regions are likely to dominate the global market over the forecast period.

Global Pallet Trucks Market Dynamics

End users are interesting manufacturers to develop pallet trucks that are more cost efficient and offer better operability for a wider range of applications. As a result, manufacturers are developing pallet trucks incorporated with additional features, making them safer and interactive to use along with other features, such as comfort and digitalisation. The major contribution in end use will be created by wholesale distribution, owing to the boom in the e-commerce market.

Market players are focusing on this segment and are launching new models for warehouse specific applications. As technology continues to grow, pallet trucks will continue to become more energy efficient. In addition, innovative features that are being adopted focussing on enhancing riders’ comfort and protection will become essential components of all kinds of Pallet Trucks. The low replacement rate is expected to hinder the growth of the pallet trucks market. However, the replacement of fuel powered to electric pallet trucks is likely to gain pace in the coming years.

Global Pallet Trucks Market Forecast

Based on control, Future Market Insights suggests that the electric segment will drive the overall market as end users will shift towards opting for environment-friendly vehicles. Based on type, silent pallet trucks will be an attractive segment for retail stores that require low noise during operations. Among end users, the wholesale distribution segment accounts for a significant value share. In terms of volume, the manufacturing segment is expected to grow at attractive CAGR over the forecast period.

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This China pallet trucks market will dominate the global pallet trucks market, due to the huge consumer goods market in the country. The market has huge potential in China owing to the high demand for pallets from consumer good wholesalers, manufacturers, and transportation service providers. The Western Europe pallet trucks market will be a target market for market participants looking to penetrate in the electric segment. Latin America and MEA are estimated to grow with above average CAGRs respectively over the forecast period. South Africa is expected to hold a major revenue share in the MEA Pallet Trucks market over the forecast period.

Market Segmentation

Based on control, the market is segmented into,

Manual Semi Electric Electric Diesel Compressed Natural Gas (CNG) Others

Based on type, the global market is segmented into,

Standard Quarter Silent Weighing Scissor

Based on load capacity, the market is segmented into,

Below 2000 KG 2000-4000 KG 4000-6000 KG Above 6000 KG

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The fourth section includes the analysis of the market based on end use and it is segmented as,

Food & Beverage Retail Stores Wholesale Distribution Freight & Logistics Manufacturing Others

Global Pallet Trucks Market Competitive Landscape

Examples of some of the market participants in the global pallet trucks market reportinclude Toyota Industries, KION Group, Jungheingrich AG, Goscor Lift Trucks, Hyster Company, Hyundai Heavy Industries, Liftek FZC, Linde Material Handling, Thermote & Vanhalst Group, Nido Machineries Pvt Ltd, Nilkamal Limited, Pr Industrial S.r.l., Presto Lifts Inc. and others.

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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Water Electrolysis Machine Market estimated to reflect a healthy 7.6% CAGR through 2030 : FMI

The coronavirus pandemic has affected marginally the global water electrolysis machine market. As per a new report by Future Market Insights (FMI), the industry surpassed US$10.6 billion in 2019 and is estimated to reflect a healthy 7.6% CAGR through 2030. Innovations in crude oil processing applications will support developments in the market.

Despite the steady rise of the water electrolysis machine market, prohibitive capital costs and high levels of electricity consumption restrain the market growth.

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Key Takeaways from Water Electrolysis Machine Market

The size of the water electrolysis machines market is estimated to surpass US$10.2 Bn by the end of 2020, with renewable energy and chemical applications being the driving factors behind the industry.
Alkaline water electrolysis machines will witness high demand, while PEM options are also likely to reflect steady growth on the back of higher efficacy in electrolysis processes.
500 to 2000 L/Hr offerings in the water electrolysis machines market reflect relatively higher demand, owing to the reduced risk of hydrogen crossovers.
East Asia is a prominent regional market reflecting relatively faster growth in adoption rates owing to major scope for industrial applications in China and Japan.

“Higher investments and favorable policies by government towards the development of sustainable, renewable energy sources, and the use of hydrogen in steel, chemicals, electronics & semiconductors, petroleum, electronics, pharmaceuticals, and power generation, are major factors driving the growth of the global water electrolysis machine market,” said a lead analyst from FMI.

COVID-19 Impact on Water Electrolysis Machine Market

I expected the growth of the water electrolysis machine market to be marginally slower than in previous years owing to the ongoing coronavirus pandemic. Restrictions on transportation, logistics, and trade have disrupted supply chains for raw materials and components essential for the functioning o the water electrolysis machines.

Restrictions on non-essential commodities also hurt market growth. The market is likely to start recovery towards the end of 2020. The focus on research activities and product development are likely to aid market players in leveraging growth opportunities in the post-pandemic era.

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Who is winning?

The market study by Future Market Insights has provided in-depth details on major business strategies that play influencing roles in the water electrolysis machine market. Major players in the industry have been focused on strategic acquisitions and collaborations, besides the consolidation of market presence through product development endeavours.

Air Products & Chemicals Inc., Toshiba Energy Systems & Solutions Corp., Nel ASA, Thyssenkrupp Uhde Chlorine Engineers GmbH, AREVA H2Gen, Teledyne Technologies Inc., Asahi Kasei Corp., Kobelco Eco-Solutions Co. Ltd., C&E Environmental Technology Co. Ltd. are major companies operating in the water electrolysis machine market.

More Insights

The report by Future Market Insights has provided a comprehensive analysis of the global water electrolysis machine market, with crucial data on historical demand (2015 – 2019) and forecast data (2020 – 2030). The report also covers the analysis of the market based on pricing, costs, and other market dynamics, which influence developments in the varied applications of water electrolysis machines.

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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 offers comprehensive coverage of capital, portable, process, construction, industrial, and special-purpose machinery used across the manufacturing sector. The team also conducts distinctive analyses about the 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 a 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 centres 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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Exosomes Diagnostic and Therapeutic Market is projected to reach USD 175.4 million by 2028, growing at a CAGR of 20.0% during the forecast period 2022-2028

Future Market Insights in its recent research report titled “Exosome Diagnostic and Therapeutics Market: Global Industry Analysis (2012-2021) and Opportunity Assessment (2022-2028)” covers several factors that are influencing the robust growth of the global market. As per this research report, the global exosome diagnostic and therapeutic market is projected to expand at a high CAGR of 23.1% during the period of assessment.

The exhaustive research publication includes key trends, opportunities, threats, growth drivers and challenges that impact the global exosome diagnostic and therapeutics market. Detailed pricing analysis of different exosome diagnostic and therapeutics across key regions is also discussed in the research study.

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The segmental analysis across North America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Latin America, Japan and Middle East and Africa (MEA) is carried out which is used to track the future projections for a period of ten years, pertaining to value, of the global exosome diagnostic and therapeutics market.

Global Market for Exosome Diagnostic and Therapeutics: Underlying Forces Influencing Growth

The growth of global market for exosome diagnostics and therapeutics is influenced by several factors. Increasing need for screening and diagnosis of chronic diseases coupled with high therapeutic potential of exosomes are fuelling the adoption of exosome diagnostics and therapeutics.

Moreover, introduction of explicit systems for analysis of proteins specific to exosomes, increasing research and development activities supported by favourable government policies across various regions and increasing popularity of exosome over CTC and ctDNA are expected to trigger the growth of the global market for exosome diagnostic and therapeutics market in the years to follow.

On the contrary, lack of standardization and validation requirements for isolation of exosomes is expected to pose hindrances to the growth of the global market. Other factors negatively impacting the market’s growth include heavy investments in research and development and insufficient insurance coverage of costly cancer diagnostic tests.

Segmentation Highlights of the Global Exosome Diagnostic and Therapeutics Market

The global exosome diagnostic and therapeutics market is segmented on the basis of product type, application, end user and region.

In the region category, North America is estimated to be the largest with a high market lucrativeness. This region is expected to grow at a significant CAGR during the forecast period to touch a large market estimation by end of the assessment year, thus leading the global market. Moreover, Asia Pacific excluding Japan (APEJ) is the fastest growing region and is the second largest in terms of adoption and use of exosome diagnostics and therapeutics. APEJ is filled with high growth opportunities and is being targeted by several giants in this sector, such as Thermo Fisher Scientific.

By product type, reagents and kits are gaining high traction owing to increasing use in exosome diagnostics and therapeutics. The reagents and kits segment dominated the market in 2017 and is anticipated to continue with the trend in the coming years. This segment is also expected to expand at a high growth rate during the forecast period.

The reagents and kits segment is expected to register a high CAGR of 28.2% throughout the period of forecast. The software segment is the second fastest growing segment spurring the growth of the global market.

In the application category, diagnostic segment is the largest as compared to therapeutics segment and is estimated to touch a value of over US$ 90 Mn by the end of the year of assessment, growing at a significant pace. Therapeutics segment is projected to expand at a CAGR of 29.0% throughout the period of assessment.

With respect to end user, the use of exosome diagnostic and therapeutics is largely observed in diagnostic centres. The diagnostic centres segment is expected to surpass other end user segments with a high market share and growth rate in the coming years.

Forecast Analysis of the Global Exosome Diagnostic and Therapeutics Market

According to the research report, the global market for exosome diagnostic and therapeutics is expected to grow at a high CAGR to reach an estimate of over US$ 150 Mn by the end of the year of assessment from a value of about US$ 19 Mn in 2017.

Competitive Landscape Shaping the Global Exosome Diagnostic and Therapeutics Market

Manufacturers of exosome diagnostic and therapeutics are focusing to raise capital required for launch of new products or research and development expenses through venture financing. Key companies such as Thermo Fisher Scientific, Inc., NanoSomix, Inc., NX PHARMAGEN, Capricor Therapeutics, Inc., Exosome Diagnostics, Inc., Exiqon A/S (Aethlon Medical, Inc.)., System Biosciences, Inc., Aegle Therapeutics AMS Biotechnology (Europe) Limited and Miltenyi Biotec.

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Future Market Insights facilitates corporates, government, investors, and associated audiences in the healthcare sector to identify and accentuate vital aspects applicable to product strategy, regulatory landscape, technology evolution, and other crucial issues to achieve sustainable success. Our unique approach to gathering market intelligence equips you in devising innovation-driven trajectories for your business. Know more about our sector coverage here

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Global Woodworking Tools Market study aims to analyze the most recent trends, dynamics, and potential strategies : FMI

Global Woodworking Tools Market: IntroductionThe woodworking tools market is a vibrant marketplace. From large machinery to handheld tools, woodworking tools and equipment are used to manufacture essential products with increasing levels of precision, quality, and scale. Rising housing construction and expanding renovation activities to bolster the future demand for woodworking tools. Apart from this, the China-U.S. trade war is set to dampen consumer sentiment and plunge the retail sector growth, directly influencing the demand for woodworking tools. Moreover, the sales of woodworking tools are foreseen to grow substantially through online channels.

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The phenomenal growth of online sales has been driven in part by the huge internet population and rapid uptake of online shopping by consumers across the globe. Nevertheless, DIY or consumers engaged in woodworking owing to the hobby are likely to remain concentrated in a few parts of Europe and North America.

Subsequently, the study aims to analyze the most recent trends, dynamics, and potential strategies in the global woodworking tools market.

Global Woodworking Tools Market: Dynamics

The furniture industry and woodworking tools market is traditionally labour-intensive and features a predominance of small and medium-sized enterprises (SMEs) and a complex fragmented supply chain. Handheld woodworking tools tend to represent a much smaller capital investment by end-users, and as a result, sales channels of handheld woodworking tools are often wholesale or retail. Nevertheless, many countries are now facing a more challenging global macroeconomic environment, increasing international competition, and rising costs. Increasing home improvement projects in many parts of the world are likely to attribute to the growth of the woodworking tools market. Moreover, building an efficient supply chain and brand management are the key capabilities addressed by the downstream players in the furniture market.

Global Woodworking Tools Market: Regional Outlook

Nearly a quarter of the world’s furniture is manufactured in Europe, translating to a huge demand for woodworking tools. Germany, Italy, Poland, and France are ranked among the prominent furniture producers worldwide and held a significant share in the woodworking tools market as well. In the last decade, the growth of the furniture market in China has been impressive, turning China into the world leader. Subsequently, China is set to observe substantial growth in the coming years and reach new heights in the global woodworking tools market. India and Brazil are foreseen to create hefty demand for woodworking tools against the backdrop of robust productive investments by the international furniture players.

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Moreover, with the focus on export-driven industrial and furniture production, ASEAN has witnessed an unprecedented period of growth in the woodworking tools market. In addition, foreign investments and expanding urban clusters significantly enhance the woodworking tools market in the target region. Furthermore, the predominant share of the Latin American furniture market is inward-oriented, focusing mainly on domestic consumers. Due to the measures adopted to protect the market the penetration of imported furniture is still very low, reinforcing the domestic woodworking tools market.

Global Woodworking Tools Market: Key Participants

List of some of the prominent market participants/brands in the global woodworking tools market discerned across the value chain include:

Altendorf GmbH
Makita
Milwaukee
Ridgid
DeWalt
Robert Bosch
Kreg Tool Company
Shanghai AMC Int’l Trading Co., Ltd.
FEIN Power Tools Inc.
Hida Tool

The list of manufacturers and value chain participants in the woodworking tools market will be supplemented during the study.

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

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)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
The 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 in the Woodworking Tools market. The report – Woodworking Tools provide an 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 Woodworking Tools market segments and geographies.

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Global Woodworking Tools Market: Segments

The global woodworking tools market can be segmented based on operation, product type, end-user, sales channel, and region.

Based on operation, the global woodworking tools market can be segmented as:

Handheld
Power Tools
Electric
Pneumatic

Based on product type, the global woodworking tools market can be segmented as:

Bandsaw
Chisels
Hammers
Planes
Workbench
Sanders
Routers
Dust Collectors
Nail Guns
Fastening Tools
Bench Vice
Drill Presses
Auxiliary Products

Based on end-user, the global woodworking tools market can be segmented as:

Manufacturing/Industrial
Professional
DIY
Residential

Based on the sales channel, the global woodworking tools market can be segmented as:

Offline
Authorized Distributor/Dealer
Mom and Pop Stores
Supermarkets/Hypermarkets
Online

Report Highlights:

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

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 centres 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.

Hydraulic Gear Pumps Market reaching the valuation of US$ 2.5 Bn at the end of forecast period : FMI

Hydraulic gear pump sales continue to grow strong with the construction industry’s growth, sustained automobile sales, and adoption by mining industry operators. A recent Future Market Insights (FMI) study projects a steady growth outlook for the global hydraulic gear pumps market, reaching the valuation of US$2.5 Bn at the end of forecast period (2010 – 2030). Greater emphasis on upgrading existing pump models to enhance their energy efficiency quotient will mark an important trend in the hydraulic gear pumps market. High manufacturing costs however remain a longstanding challenge limiting the rapid growth of hydraulic gear pumps market, says the FMI study.

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Material handling equipment plays a vital role in lean supply chain management and it is gaining traction owing to the growing outlook of transportation and logistics across the globe. Manufacturers of hydraulic gear pumps thus need to align their product offerings with the changing material handling equipment requisites.

Hydraulic Gear Pumps Market Outlook & Key Findings

Hydraulic gear pumps market will witness a growth rate of just about 3% in 2021 over that projected for 2020
In the following decade, these is expected rise in demand for material handling equipment and construction equipment will primarily drive the sales of hydraulic gear pumps
Increasing demand for low maintenance pump solution from various end users, as hydraulic gear pumps are having relatively high maintenance costs that lead to increasing operating expenses
Despite high maintenance costs, controllable output and ability to tackle a wide range of viscosities continue to drive preference for hydraulic gear pumps over other pump types
A majority of market participants are developing long-term agreements and collaborations with OEMs for long-term business opportunities and a competitive advantage in global market.

Hydraulic Gear Pumps Market: Taxonomy

The global hydraulic gear pumps market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.

Type

External Gear Pumps
Internal Gear Pumps

Operating Pressure

Upto 15 bar
15 – 50 bar
50 – 150 bar
150 – 250 bar
250 – 300 bar
More than 300 bar

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End Use

Construction Equipment
Mining Equipment
Automotive
Material Handling Equipment
Off Highway Vehicles
Processing Industry
- Chemicals
- Petrochemicals
- Oil & Gas Refineries
- Others
Other Industrial Machinery and Equipment

Region

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

Increasing Adoption in Agriculture and Forestry Equipment

Agriculture sector is also a significant end user shaping up the market for hydraulic gear pumps. The demand is expected to increase for the agricultural applications. A majority of manufacturers in the global hydraulic gear pumps market are following the trends of manufacturing and providing hydraulic gear pumps specifically for agricultural and farming equipment.

Competitive Landscape Analysis

The hydraulic gear pumps market represents a fairly fragmented market structure, owing to the presence of a large number of hydraulic gear pump suppliers across the globe. Eaton Corporation, Parker-Hannifin Corporation, and Bucher Hydraulics GmbH remain some of the market leaders, operating with medium to high level global presence. Top 10 market participants in the hydraulic gear pumps landscape currently account for more than 30% revenue share and prefer to concentrate on strategic collaboration agreements with regional leaders in distribution space. New regional distributorships will enable them to gain a competitive advantage while introducing new offerings to newer regional markets.

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Know More About the Report Coverage

The research report analyzes the total sales of Hydraulic Gear Pumps on the basis of volume (Th. units) and value (US$ Mn). The market is projected on the basis of factors such as Rising Construction Spending, Growth in Material Handling Equipment Industry, Increasing Automotive Production and Fleet Scenario, Swelling Demand for Oil & Gas, Consumption of Chemicals, COVID-19 Crisis Impact and Automation in Agricultural Activities. The scope of the research report includes the sales of Hydraulic Gear Pumps used in Construction Equipment, Mining Equipment, Automotive, Material Handling Equipment, Off Highway Vehicles, Processing Industry and Other Industrial Machinery and Equipment. As per our research scope, we have considered the External Gear Pumps and Internal Gear Pumps.

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Cathode Battery Material Market Size, Share, Trends, Industry Analysis Report 2022-2028

Increasing innovation and technological advancements practices in the energy sector is taking the world to a whole new level. Energy storage devices, systems and technologies is one of the key sector which is expanding rapidly across the globe. Major market participant are expanding their business portfolio and further getting into the universe of novel energy devices & technologies. Commercially there numerous types of energy storage devices are available in the marketplace such as batteries, capacitors to name a few. These devices comes up with different energy storage capacity and with different sizes.

Batteries are one of key storage medium amongst the oldest and extensively commercialized storage technologies globally and their efficiency is massively depends upon cathode battery materials. End user requirements such as durability,long operating life, fast charging and effective response times are some of the key properties which led to improvements in cathode battery material types.

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One of the battery types which is gaining enormous traction is lithium ion batteries. These batteries exhibit attributes like fast charging, large energy storage and also having long operating life. The cathode battery material is one of the integral and key component inside the battery which measures the energy density of that battery. The energy density in the battery is calculated by its voltage and capacity. The working mechanism of the battery include the intercalation and deintercalation of the compounds, where the ions is transferred from cathode to anode during charging mechanism and reverse back during discharging operation, with a negligible effect on the structure of anode. The cathode battery material selection is dependent on numerous factors which includes, energy, capacity, operating temperature, life span ,conductivity to name a few. Commercially there are numerous cathode battery material available in the market such as, cobalt, phosphate, lithium iron phosphate, manganese and nickel cobalt manganese among others.

Cathode Battery Material Market: Market Dynamics

Attributes such as compatibility, durability, efficient and fast charging are key competencies which enables substantial developments in cathode battery materials market. Also increase in the consumption of lithium ion batteries in numerous industries driving the market for cathode battery material.. Growing energy requirement across the world is creating the growth opportunities for the players present across the value chain of cathode battery material universe. Regional and global player in the market are adopting emerging business models in order to increase their geographical presence. This initiative us further leads to create significant growth opportunities for cathode battery material distributors and suppliers. Moreover, companies are strengthening their R&D infrastructure &moving their way towards the innovation and development of new cathode battery material with increase efficacy. However, heating issue and size are acting as adoption barrier for the batteries and cathode battery material but it can be offset in the near future with technological advancements.

Cathode Battery Material Market: Region Wise Trends

Globally the demand for cathode battery material is expected to surge with the increase in attraction towards energy storage technologies and systems. China is expected to capture the maximum share in cathode battery material market. The major driving factor in China and other Asian countries is the high demand for energy systems, along with the presence of battery consumers in very large scale. Taiwan is one of the largest electronics manufacturer which creates substantial demand for cathode battery material market. China is closely followed by North America and Europe, in these regions favorable government policies & funding for the usage of effective energy systems drives the demand for cathode battery materials.

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Examples of some of the market participants in the Global Cathode Battery Material Market identified across the value chain include:

BASF SE
NEI Corporation
Hitachi Chemical Co., Ltd
Long Power Systems (Suzhou) Co., Ltd
Rock Tech Lithium Inc.
Nichia Corporation
Hunan Shanshan New Material Co., Ltd.
Alees

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 geography, technology and applications.

Regional analysis includes

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

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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Cathode Battery Material Market: Segmentation

On the basis of Material Type, the Cathode Battery Material Market can be segmented as:

Manganese
Cobalt
Phosphate
Nickel Cobalt Manganese
Others

On the basis of End Use Industry, the Cathode Battery Material Market can be segmented as:

Automotive
Electronics
Power Tools
Medical

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Pallet Pooling Market By Structural Design, Material & Region – Forecast 2019-2029 : FMI

Pallet pooling ensures the availability of pallets at the operational location, which results in a lean supply chain. Lean supply chain management leads to effective operational lead time. Owing to the rising inclination of most end users towards cost reduction, along with optimum lead time, the pallet pooling market is estimated to gain noteworthy traction in the coming decade.

According to a new research report published by Future Market Insights (FMI), the pallet pooling market is estimated to exhibit 6% CAGR over the forecast period, to reach a valuation of more than US$ 11 Bn by the end of 2029.

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Key Takeaways of Pallet Pooling Market Study

Pallet pooling has prominent application in the FMCG sector, as warehouses play a crucial role in this industry.
In terms of material, plastic pallet pooling is estimated to witness notable demand, owing to high reliability, durability, and cost-effectiveness of plastic pallets as compared to other types.
Globally, the pallet pooling market in GCC countries is estimated to witness lucrative growth, owing to the positive outlook for industrial trade activities in the region, particularly for the e-Commerce industry. The U.S. is expected to hold a leading share in the global market, registering a significant CAGR throughout the forecast period.
In recent years, pallets tagged with RFID have become more popular amongst end consumers, owing to their ability to provide location and detailed information related to stacked products on pallets.
Pallet pooling is a onetime investment business, in which, the owner has to purchase pallets and then pooling can be done with no enormous investment. As a result, the market offers high profit margins to its participants.
For the effective operational efficiency of pallets, pallet service providers perform quality checks after every service cycle to provide high-quality pallets and efficient service cycles to end consumers. Continuous and high standard quality checks of pallets are estimated to help players in the global pallet pooling market gain a competitive advantage.

“In the pallet pooling market, flexible payment profiles allow end consumers to pay rent monthly at fixed rental rates throughout the term of the agreement, and customisations can be made in rental agreement terms to suit the period of budget allocation and income patterns.”

Pallet Pooling Market: Competitive Landscape

The pallet pooling market is highly consolidated, owing to the presence of a limited number of pallet pooling service providers across the globe.

Brambles Limited,
Euro Pool Group,
Faber Halbertsma, and
Loscam

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Are considered being leading players in the pallet pooling market. Most market players are focusing on expanding their sales footprint in developing markets such as South Asia and the Middle East through the establishment of additional regional offices and sales partners.

PALLET POOLING MARKET TAXONOMY

Structural Design

Blocks
Stringers
Customised

Material

Wood
Composite
Plastic
Steel
Other Metals

End User

FMCG
Food & Beverages
Pharmaceuticals
Electronics
Chemicals
Others

Region

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

Focus on Technological Advancements in Pallet Pooling

Increasing requirement of technologically advanced pallet systems throughout the supply chain for lean management is anticipated to support the future growth of the global pallet pooling market.

Find More Insights on Pallet Pooling Market

This research report analyses the total sales value of the pallet pooling market based on revenue generated by market players from the target product. The market is forecasted based on factors such as warehouse traffic flow, adoption rate, government regulations, and sustainable development. The research report includes pallet management services catering to FMCG, food & beverages, chemicals & pharmaceuticals, and other related end-use industries.

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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 analysing 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 information, write to the analyst at press@futuremarketinsights.com

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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Water Leak Detection System for Server Rooms and Data Centers Market 2018 – 2028

The essentiality of water leak detection systems for server rooms and data centres is high owing to the high cost of risk arising from water damage to several businesses. Water damage is often not covered by insurance, which makes monetary and data loss costs prohibitive for many business entities. Critical technical environments such as data centres need 24/7 monitoring and cannot afford even the slightest defects in water leak detection systems. In addition, the rising affordability and efficacy of water leak detection systems have strongly contributed to the demand for water leak detection systems, especially for server rooms and data centres worldwide.

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Straightforward installation, ease of reusability and integrated connections to building monitoring systems are anticipated to boost the water leak detection system market. The advent of the Internet of Things and Artificial Intelligence is expected to provide several opportunities for product growth for all major market players.

On the other hand, prohibitive installation costs and lack of skilled operators are expected to act as the primary restrictive factor for the water leak detection system for server rooms and data centres market.

Rapid Increase in Rate of Installation to Keep North America at the Forefront in the Water Leak Detection Systems Market

North America is expected to lead the water leak detection system for server rooms and data centres market through the forecast period. This can be attributed to the rapid installation of water leak detection systems for server rooms and data centres in the U.S. and Canada.

Growing usage of smartphones, mobile data, and data storage facilities are boosting the number of data centres in the region, and consequently, the demand for water leak detection systems is also expected to increase for the protection of these data systems during the forecast period. In addition, there has also been a great increase in government support, monetary investment, and tech innovations for water leak detection systems for server rooms and data centres in the region.

The server room and data centre market is still at a nascent stage in the Asia Pacific and the Middle East Region. However, with the rise in global businesses, these regions are expected to provide market players with highly lucrative growth opportunities.

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Product Development Efforts by Key Market Players

Prominent market players of the water leak detection system for server rooms and data centres market are increasingly emphasizing design development to create advanced water detection systems that provide greater accuracy of results, longer operation duration, and mobile apps for real-time monitoring.

Honeywell has developed a Wi-Fi enabled water leak detection system that senses both temperature and humidity and provides real-time alerts to the users, a 3-year battery life along with expandable water sensing cable up to 500 feet in length for greater coverage.

Envirotech Alarms Ltd. has also introduced water leak detection single zone alarm panels, as entry-level protection that has a variety of outputs that are compatible for connections with Building Management Systems (BMS) and even with solenoid type shutoff valves.

The company has also come out with programmable, intelligent multi-zone water leak detection alarm systems, that can cover up to 400 areas in a building zone and each area can have outstations that can have 4 additional connections, which enables the end-user to see a comprehensive display for each segment of the entire area being monitored.

Some of the key players in the water leak detection system for server room and data centres market include Honeywell International Inc., Perma-pipe Inc., Mueller Water Products Inc., LeakTronics, Pure Technologies Inc., Schnieder Electric SE, NEC Corporation and Badger Meter Inc.

Segmentation of the Water Leak Detection System for Server Rooms and Data Centers Market

Water leak detection systems for server rooms and data centres can be categorized based on the type of sensors and type of leak detector panels. Based on the type of sensors, water leak detection systems for server rooms and data centres are divided into spot detector, rope detector, and locate sensors. Water leak detection systems for server rooms and data centres can be divided into single-zone systems and multi-zone systems.

This detailed report on the water leak detection system for server rooms and data centres market emphasizes the complete assessment of the market on regional and global levels with useful insights, along with pertinent and trustworthy information that has been supported and validated to achieve a better understanding of the water leak detection system for server rooms and data centres market’s competitive scenario along with ably recognizing lucrative opportunities for the future. The report on the water leak detection system for server rooms and data centres market also includes information and a complete analysis according to the market segments such as geography, technology, and applications.

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The report has also added a thorough examination on essential aspects such as:

Market Segmentation- The water leak detection system for server rooms and data centres market is categorized into vital segments to understand each area in detail.
Driving Factors- The addition of market influencers to understand the factors that make an impact on the overall market situation.
Market Value- Scrutinizing the size of the global water leak detection system for server rooms and data centres market
Supply & Demand aspects
Examining the market trends and obstacles- Complete evaluation of the factors that can boost the market growth and the possible challenges that market players might face
Competitive Analysis- Recognizing the strategic activities of the key water leak detection system for server rooms and data centres market players
Technology- Understanding the scope of the water leak detection system for server rooms and data centres market with new technologies

The report also contains a comprehensive regional analysis with the focus on the following regions:

North America water leak detection system for server rooms and data centres market (U.S., Canada)
Latin America water leak detection system for server rooms and data centres market (Brazil, Mexico, Rest of Latin America)
Western Europe water leak detection system for server rooms and data centres market (Germany, France Italy, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
Eastern Europe water leak detection system for server rooms and data centres market (Poland, Russia, Rest of Eastern Europe)
Asia Pacific Excluding Japan water leak detection system for server rooms and data centres market (China, India, Australia, ASEAN, & New Zealand)
Japan water leak detection system for server rooms and data centres market
The Middle East and Africa water leak detection system for server rooms and data centres market (GCC countries, S. Africa, N. Africa, Rest of MEA)

The report is an amalgamation of quantitative and qualitative first-hand information on water leak detection systems for server rooms and data centres obtained from the examination by prominent industry analysts along with the addition of inputs given by water leak detection systems for server rooms and data centres industry participants and industry experts. The full analysis of the trends in the market, market attractiveness according, and macro-economic factors in the report are effective in creating an understanding of the water leak detection system for server rooms and data centres market. In addition, the report also states the qualitative impact of these factors on the various regions and segments of the market.

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 centres 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.

Aluminum Composite Panels Market Size, Global Share 2022-2028

Aluminium Composite Panels (ACP) are flat panels made of two aluminum-based alloy sheets, bonded with a core material to form a composite. Protective films are used to cover various levels of panel layers and the front side is generally given a Polyvinylidene Fluoride (PVDF) coating. Aluminium composite panels are environment-friendly materials widely used in the construction industry for cladding and insulation purposes in commercial buildings, including airports, food & beverages shops and residential premises.

They are also extensively used in the advertising industry as substitutes for heavier and expensive substrate options. The recent ban on import of polyethylene (PE) core in countries such as the U.S. and Germany is proving to be a major threat for market participants. However, the market will continue to grow with the development of non-combustible fire retardant cores such as mineral fiber based products. Another major challenge for participants is the high price of repairs and raw materials.

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Reasons for Covering this Title

Ongoing research efforts in the industry for the development of cladding products and to invent new technologies have resulted in the development of better core material options that comply with fire and building regulation developments. Key manufacturers are enhancing their product profiles in terms of color and finish offerings and are stepping up their inventories to support the increasing construction activity. Aluminium composite panels are high performance materials as they are corrosion, water and fire resistant along with being lightweight, efficient, flexible and durable. Attributing to the increasing awareness pertaining to sustainable materials and growth in the real estate sector, the demand for interior and exterior cladding operations is rapidly increasing.

Aluminium composite panels are gaining widespread adoption among end users. These panels offer proven performance in all kinds of climatic conditions and can be cleaned by merely washing with normal wash detergents. Application of aluminium composite panels in the automotive sector is also anticipated to play a key role in the global industry growth over the forecast period. Macro-economic factors such as rising population, urbanization and increasing disposable income will positively impact the demand for aluminium composite panels from builders as well as other Original Equipment Manufacturers (OEMs).

Global Aluminium Composite Panels Market: Key Players

Examples of some of the key players operating in the global aluminium composite panels market are:

Yaret Industrial Group, 3A Composites GmbH, Jyi Shyang Industrial, Alstrong, Arconic, Mitsubishi Plastic, CCJX, Goodsense, Seven, HuaYuan, LiTai, Pivot, Vbang, Walltes, Daou, Genify, Shuangou, HongTai, Deltyn, and Anexa Group among others.

Key Developments

In 2017, Archicom, a Singapore-based aluminum composite materials producer, entered the Africa market with the introduction of aluminum composite panel products, aiming to meet the growth in market demand from building and construction services.
In April 2017, Fairview Architectural acquired the STRYUM business, an intelligent non-combustible aluminum cladding system, from Vitekk Industries

Opportunities for Market Participants

The aluminium composite panels market is slated to witness attractive overall growth over the forecasted period with large revenue growth expected from Asia-Pacific, led by China and India. In the Middle East & Africa, business will improve with the positively changing construction market landscape. In terms of the core type, the marketplace is expected to witness strong shift in demand towards the high-quality fire-retardant and non-combustible segment due to the increasing number of reported building fires in the recent past.

Organizations focused towards developing product portfolios with fire resistant offerings are well positioned to take advantage from the stringent construction and fire safety regulations laid out by concerned authorities. Such organizations have started to adapt more towards developing well designed solutions, especially for interior applications, to create a distinctive identity for buildings.

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 and applications of aluminium composite panels covered in the study are followed by carrying out a demand-side approach to estimate the sales of target product segments.

Display and architecture applications are the driving force benefiting Aluminium Composite Panel market prospects. Adding to this, the trend towards lightweight material solutions in the transportation sector will further strengthen and make a positive contribution towards market success. The derived data is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data are collected at a regional level and consolidated and synthesized at a global level to estimate the overall market sizes.

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Key Data Points Covered in the Report

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

An overview of the aluminium composite panels market, including background and evolution
Macroeconomic factors affecting the aluminium composite panels market and their potential
Market dynamics such as drivers, challenges and trends
Detailed value chain analysis of the aluminium composite panels market
Cost structure of the products and segments covered in the global aluminium composite panels market
In-depth pricing analysis by key product segments, regions and major market participants
Analysis of supply and demand, such as top product producing and consuming geographies, product imports/exports, exchange of services and overall trade scenario, in the global aluminium composite panels market
Analysis of the global aluminium composite panels market structure, including a tier-wise categorization of key market participants
Competitive landscape of the market, including detailed profiles of the top players in the aluminium composite panels market

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Global Aluminium Composite Panels: Market Segmentation

On the basis of panel type, the global aluminium composite panels market has been segmented as:

Polyvinylidene fluoride (PVDF) aluminum composite
Polyester aluminum composite
Polyester aluminum composite
Laminating coating aluminum composite
Oxide film aluminum composite
Other aluminum composite

On the basis of core, the global aluminium composite panels market has been segmented as:

Polyethylene (PE)
Fire Retardants
Non-combustible

On the basis of application, the global aluminium composite panels market has been segmented as:

Construction
Residential
Commercial
Automotive

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.