Market Research Blog – Page 13698 – New Product Development

Carbon Brush Market Is Expected To Register A 3.8% CAGR Between 2022 And 2029

Future Market Research’s new market research report titled, ‘Carbon Brush Market: Global Industry Analysis 2014–2021 and Market Forecast 2022–2029’, scrutinizes the carbon brush market, and offers critical insights for the forecast period between 2022 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.

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The market for the global carbon brush market was valued at over US$ 2,500 Mn in the year 2021, and is expected to expand at a CAGR of nearly 4% during the forecast period of 2022 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.

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.

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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.

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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.

Digital X-Ray Equipment Market is projected to expand at an exceptional double-digit CAGR from 2022-2032

Digital X-Ray Equipment Market Overview

The global digital X-ray equipment market is projected to expand at an exceptional double-digit CAGR from 2022-2032.

Advances in technology, efforts to improve healthcare facilities, and an ageing population are all driving demand the demand for digital X-ray equipment.

Furthermore, increased product approvals, as well as partnerships and collaborations by key players who are striving to expand their digital X-ray equipment market share, scale up sales of digital X-ray equipment.

For example, Nanox and SK Telcom agreed to collaborate on the deployment of 2,500 Nanoxdigital X-ray Systems in South Korea and Vietnam.

Rising awareness of the availability of portable systems is one of the major factors driving the demand for digital X-ray equipment.

Low cost and ease of use are the primary benefits associated with digital X-rays that are propelling the sales of digital X-ray equipment.

Demand for digital X-ray equipment also scales up as the images are also instantly available for distribution to clinical services, eliminating the need for time and physical effort to retrieve film packets.

This factor has a significant impact on the sales of digital X-ray equipment.

A major benefit is patients being exposed to 70-80% less radiation than traditional X-rays, thereby ensuring the safety of pregnant women and patients who are already ill, and the same is expected to accelerate the demand for digital X-ray equipment.

Dentists can now easily recognise oral issues with the help of digital X-rays, which is leading to a decrease in the need for an invasive investigation at the diagnosis stage, thereby surging the sales of digital X-ray equipment.

Furthermore, digital radiography securely stores patient X-rays, resulting in no loss on the part of the holders.

The demand for digital X-ray equipment has been significantly influenced by rising healthcare expenditures made by various governments in order to advance technological advancements in the sector.

What Factors are Influencing the Digital X-Ray Equipment Market?

The primary factor that is scaling up the sales of digital X-ray equipment is the efficiency of electromagnetic radiations that represent clear digital images through digital x-ray equipment.

The rise in demand for digital X-ray equipment is also attributable to quick healthcare delivery, improved workflow and the safety associated with the digital X-ray radiations for the living tissues.

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The sales of digital X-ray equipment are majorly driven by novel technological advancements, increasing healthcare expenditure, rise in ageing population and disease prevalence.

The digital X-ray equipment market is also witnessing a highly competitive scenario that has led to large number of improved digital x-ray equipment launches where key players are focusing on rising their digital X-ray equipment market share.

Moreover, digital x-ray equipment is less expensive yet more efficient than other radiography equipment, in turn driving the demand for digital X-ray equipment.

The adoption of digital X-ray is expected to broaden thereby spiking the sales of digital X-ray equipment as digital x-ray equipment is based on transmission of the x-ray beam, which exposes only the surfaces of the human anatomy under observation.

What is the Scope of the Digital X-Ray Equipment Market?

Digital X-ray equipment delivers medical imaging in the standard safety radiation dose and is widely used in the imaging of all human body tissues, which is expected to rise the demand for digital X-ray equipment.

Digital X-ray equipment has become a part of routine check-up, thereby facilitating huge sales of digital X-ray equipment.

One of the most promising areas of health innovation is the use of artificial intelligence (AI), particularly in medical imaging, which is expected to drive the demand for digital X-ray equipment to a large extent.

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In this regard, many ongoing research and development programmes have aided various companies to acquire a large digital X-ray equipment market share.

Various companies are currently conducting R&D activities to provide AI in various imaging modalities, including digital X-ray systems to enlarge digital X-ray equipment market share.

Digital x-ray imaging is one of the most important pillars of medical imaging.

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Global Backflow Preventer Market Is Expected To Exhibit 3.7% CAGR Between 2021 – 2031

Backflow preventer sales are set to be reach US$ 367.4 Mn in 2021 with a stable long-term projection, as per latest insights from Future Market Insights (FMI), an ESOMAR-certified research and consulting firm. Demand for backflow preventer waned in 2020 due to the recessionary effects of COVID-19 on construction activities, resulting in deceleration of backflow preventers sales. However, barring a few countries, the water infrastructure development activities have resumed at a healthy rate post Q2 of the financial year. With the sector undergoing a recovery mode, the immediate as well as long-term growth outlook of backflow preventers market remains positive.

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Considerable increase in government norms and regulation for plumbing industry is expected to create growth opportunities. The increasing inclination towards reduced pressure zone backflow preventers in developed and developing countries across the globe is expected to drive the market.

Key Takeaways from Backflow Preventers Market Study

Global backflow preventer market is expected to exhibit 3.7% CAGR between 2021 and 2031
The U.S. is projected to account for over 75% sales in North America, thanks to increasing residential construction
Increasing focus on waste water treatment will enable the U.K. register 1.9% y-o-y growth in 2021
Increasing construction activities will drive growth in Germany and France
Increasing government spending towards waste water treatment will drive growth in Japan and South Korea

“Stringent laws implemented to ensure safe drinking water are expected to give impetus to the backflow preventer market. In addition to this, innovation of new connected backflow preventers will enable the market gain momentum at a steady pace through the forecast period. Competitive price offering, increase in end user satisfaction in terms of performance, and use of advanced technologies are some of the key strategies implemented by manufacturers operating in the market,” says FMI analyst.

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Competitive Landscape:

The backflow preventers market is understood to be fairly consolidated, with key players accounting for nearly 60% of overall market value share. These players are likely to invest in new technology developments and expansion of their networks in order to maintain their market shares. Some of the key players in the market are Honeywell International Inc, Rexnord Corporation, Conbraco Industries Inc., Watts Water Technologies Company, Emerson Electric Co., Caleffi S.p.a., W.W. Grainger, Inc., A.R.I. Flow Control Accessories Ltd, BEULCO GmbH und Co. KG and others.

Backflow preventer market is estimated to witness sound growth during 2021-2031. However, as it is a matured market, companies are expected to concentrate further on research and development activities to develop more in the field of water management that meet personalized requirements of consumers. Collaboration, mergers and acquisition with regional companies are some of the key strategies market players are likely to focus on to gain competitive edge.

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By Segmentation:

Product Type

Atmospheric Vacuum Breaker
Pressure Vacuum Breaker
Double Check Valve Assembly
Reduced Pressure Zone

Material Type

Stainless Steel
Plastic
Ductile Iron
Bronze
Other Materials

End Use

Residential
Commercial
Industrial
- Sprinkler & Irrigation
- Water & Wastewater
- Chemical Processing

Region

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

Non Fusion Spinal Devices Market is expected to increase at a CAGR of 4.8 percent from 2022 to 2026

Non Fusion Spinal Devices Market Overview

The non-fusion spinal devices market was valued at $3.8 billion in 2020 and is expected to increase at a CAGR of 4.8 percent from 2021 to 2026.

The global demand for spinal non-fusion devices is driven by an ageing population, technological improvements, rising obesity rates, a competitive market, and rising desire for minimally invasive surgery treatments. However, during the forecast period, the non-fusion spinal devices market’s expansion was stifled by insecure reimbursement rules.

The non-fusion spinal devices market is growing because of rising prevalence of spinal disorders such as spinal stenosis and degenerative disc disease. A primary driving reason is the growing trend toward aggressive operations mixed with technological advancement.

Furthermore, problems such as obesity and heart attacks are being caused by the expanding geriatric population and lifestyle difficulties, which is boosting the global demand for non-fusion spinal devices.

Growing cases of spinal illnesses such as degenerative disc disease, as well as an ageing population, are propelling the global demand for non-fusion spinal devices forward, particularly in the United States and Europe.

Demand for non-invasive surgery, as well as technological advancements in medical equipment, are propelling the market forward. Instability in reimbursement policies is a stumbling block to market expansion. Furthermore, the expensive cost of these implants is driving up healthcare expenditures, limiting the market and creating a hurdle to the worldwide non-fusion spinal devices market‘s growth.

What are the Key Growth Contributors to the Non-fusion Spinal Devices Market?

Spinal implants are devices used to treat disproportion of spine, provide stability and strengthen the spine of patients. These devices are broadly segmented as fusion and non-fusion spinal devices. Non-fusion technologies into spinal surgery have improved outcomes by providing patients with at least some movement and flexibility in the spine.

The demand for non-fusion spinal devices mainly originates from the patients who are suffering from the problem of gradual disc damage, degenerative disc disease often results in disc herniation, and chronic back or neck pain.

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According to WHO, back pain affects people of all ages, from children to the elderly, and is a very frequent reason for medical consultations. It is difficult to estimate the incidence of back pain as the incidence of back pain is already high by early adulthood and symptoms tend to recur over time. The lifetime prevalence of non-specific (common) back pain is estimated at 60% to 70% in industrialized countries.

What are the Major Factors Impacting the Growth of the Non-fusion Spinal Devices Market Share?

Non-fusion spinal technologies and disc diagnostic devices. The global non-fusion spinal devices market share is driven by an aging population, an increase in the number of obesity patients, and a rise in the demand for minimally invasive surgery procedures

Non fusion spinal technologies devices market is driven by new technological advancements. The huge population afflicted from obesity and back pain problems drives the global market. However, unstable reimbursement policies act as a major barrier for the demand for non-fusion spinal devices.

With rapid technological advancement and wide acceptance of non-fusion spinal technologies and disc diagnostic devices among patients with back pain problem, the global non fusion spinal technologies market is expected to grow at healthy CAGR in the forecast period.

How is the Competitive Environment in the Non-fusion Spinal Devices Market?

Orthopediatrics Corporation has acquired Api Ltd, a company that has FDA-approved non-fusion scoliosis technology.

Some of the key participating players in the non-fusion spinal devices market are Zimmer Holdings Inc., Medtronic Inc., DePuy Synthes, Stryker Corporation, and others.

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Global Commercial Refrigeration Compressors Market Expand At A Moderate CAGR Of 4.5% Between 2022-2029

The global demand for commercial refrigeration compressors is expected to show promising growth, with a value CAGR of higher then 4% over 2022-2029. An increase in food & beverage production, along with the expansion of cold chain capacities to ensure minimize wastage and efficient storage of food, is expected to increase the demand for commercial refrigeration compressors, worldwide, over the forecast period.

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Furthermore, positive change in living standards and improving macroeconomic scenario have led to a significant surge in the number of organized retail stores, worldwide.

The rapid growth of the organized retail sector characterized by the rising number of supermarkets, hypermarkets, etc., is projected to drive the growth of the overall food chain, which, in turn, is estimated to boost the sales of commercial refrigeration compressors for refrigerated display cases and other refrigeration equipment.

The commercial refrigeration compressors market is expected to grow at a promising rate during the forecast period, supported by the increasing number of retail stores across the globe.

Commercial Refrigeration Compressors Market Analysis by Cooling Capacity

By cooling capacity, the commercial refrigeration compressors market has been categorised into up to 1 kW, 2-6 kW, 7-10 kW, 11-15 kW, 16-20 kW, 21-30 kW, 31-40 kW, and above 40 kW. The up to 1 kW segment is projected to be a prominent segment, and hold a significant market share in the global commercial refrigeration compressors market.

However, the 2-6 kW segment is expected to have a higher CAGR growth as compared to the other segments.

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Commercial Refrigeration Compressors Market Analysis by Type

By type, the commercial refrigeration compressors market is segmented into reciprocating, rotary, scroll, screw, and centrifugal compressors. The reciprocating segment accounts for nearly 34% value share, owing to the wide use in various commercial refrigeration equipment in the global commercial refrigeration compressors market.

Commercial Refrigeration Compressors Market Analysis by Refrigeration

By refrigeration, the commercial refrigeration compressors market has been categorized into R290, R404A, R134A, R744, R410A, R407C, and others (R600A, etc.). Among these, the R290 segment is expected to grow at a high pace, owing to its various advantages such as extended cooling capacity, better efficiency, and size reduction of the compressor.

Commercial Refrigeration Compressors Market Analysis by End Use

By end use, the commercial refrigeration compressors market is segmented into transport-based refrigeration systems, walk-in-refrigerators and freezers, reach-in-refrigerators and freezers, beverage vending refrigeration systems, refrigerated display cases, ice machines, and refrigerated vending machines.

The transport-based refrigeration systems segment can be further divided into shipping-based and truck & trailer-based. Also, the beverage vending refrigeration systems segment is further divided into drinking & soda fountains, beverage cooling & dispensing equipment, and beer dispensing equipment.

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Commercial Refrigeration Compressors Market Analysis by Region

From a regional perspective, East Asia is a projected to be a prominent market, owing to significant growth of retail stores in the region. Europe is projected to hold a value share of around 19% in the global commercial refrigeration compressors market.

The market in Asia Pacific is anticipated to expand at a relatively high growth rate, owing to the increasing demand for refrigerated display cases, beverage vending refrigeration systems, etc., which, in turn, is projected to drive the demand for commercial refrigeration compressors in the market.

The commercial refrigeration compressors market in China is expected to be a lucrative market, and is projected to grow at a value CAGR of nearly 6% during the forecast period.

Commercial Refrigeration Compressors Market: Vendor Insights

The report highlights some of the main companies that are operating in the global commercial refrigeration compressors market, such as Emerson Electric Co., HUAYI COMPRESSOR CO., LTD., Mitsubishi Electric Corporation, LG Electronics, Inc., The Danfoss Group, Panasonic Corporation, BITZER SE, GEA Group AG, Frascold S.p.A., Fusheng Co., Ltd., Nidec Corporation, Midea Group, Officine Mario Dorin S.p.A., Johnson Controls – Hitachi Air Conditioning, and Tecumseh Products Company LLC.

Global Telehandlers Market Is Grow At The Value CAGR Of 5.1% During The Period Of 2022 And 2030

The employment of telehandlers in material handling space with their versatility and safe technology is driving global sales, according to a new report by Future Market Insights (FMI). While the US and European countries have been the early adopters of telehandlers, future growth will be reliant on demand from China, India, Brazil, GCC, and countries where mega projects are coming up.

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Given their multipurpose features that enables them to perform the tasks of cranes, loaders, and access equipment in several industries, telehandlers are set to be the first machinery that can be deployed at operation sites for material handling without prior ground preparation.

Tech-driven performance and dependence in tandem with total cost of ownership (TCO) possess better value of money over long run.

End-users, seeking customized solutions at slightly higher price, will find value addition in telehandlers as overall machine expense and its utilization in projects will justify customers’ initial investment in the machinery.

Key Takeaways of Telehandlers Market Study

Worldwide sales of telehandlers to surpass US$ 6 Bn in 2030
Manufacturers to reap substantial gains from telehandlers having maximum lift height of 30′-60′
‘Electrification’ and ‘lightweighting’ to emerge as disruptive forces in global market
The US and Europe remain the most lucrative markets

“Telehandlers are equipped with an array of attachments including, jib and crane, pallet fork, tire handlers, and re-handling multi-purpose buckets, and these attachments are transforming continuously as the cab continues to explore potential application avenues,” says analyst at FMI.

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COVID-19 Impact on Telehandlers Market

The COVID-19 pandemic has had immediate repercussions on the global economic order and that effect goes across every industry, including construction. Worldwide construction growth has slumped to 0.5% CAGR from the expected 3.1% for 2022.

The global construction sector is likely to face disruptions in coming months from the pandemic as companies across the globe are being squeezed by the disease outbreak, through supply chain and labor market disruptions.

Constructional projects have been delayed, and manufacturing operations have been ceased due to nationwide lockdowns amid the COVID-19 crisis. With steep drop in operations in construction and manufacturing sites, demand for telehandlers has been severely affected.

Telehandlers Market – Competitive Intelligence

The global telehandlers market is highly consolidated with prominent players capturing about two-fifths of overall market value. Manufacturers are developing telehandlers armed with new features in an effort to lock in customers and achieve economies of scale. For instance,

JCB has rolled out its new telehandlers – Hydraload 555-210R – with rotating telescopic handler. The machine comes with maximum lifting height of 20.5 m and maximum lift capacity of 5.5 tons
Xtreme Manufacturing has introduced telehandlers that exhibit 17,000-pound capacity. The telehandlers are armed with the company’s novel modular cab design that allows them to be simply switched from open to enclosed, or vice versa, with an optional gear. This offers customers with enhanced flexibility while running telehandlers in several environments

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To Know More About Telehandlers Market:

A new market research report published by Future Market Insights (FMI) on the global telehandlers market report offers comprehensive insights into the market demand trends and analysis of opportunities over the forecast period, 2022-2030. The report examines the telehandlers market through three different segments – maximum lift height, ownership, and region.

The telehandlers market report also provides extensive assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in the manufacturing of telehandlers and product adoption across several end-use industries.

Industrial Furnaces Market| One the Most Booming Industry in Upcoming Years Due to Global Demand in Industry by 2027

Industrial furnaces are available in market in various formats. These are used in numerous industries like glass, ceramic, metal, food processing and many more. The industrial furnaces have everlasting demand as the industries won’t shut down anyway. Metals, glass, cement, refractories, ceramic, plastic and fiber all these industries are booming with the ever growing demand for each and every industry thus mentioned. This shows how much the market needs industrial furnaces each year. The processing of materials however, can be improvised by resolving energy losses and improving the efficiencies by doing some R & D in the field of thermodynamics. The market is demanding for more efficient industrial furnaces.

The materials in fluid form are heated up to optimum temperature levels in the radiant section where the fuel is burnt using the burner. There may be more than one burner in the arrangement as per the requirement. Next, the fluid in the radiant tubes pass through convection section where the heat exchange takes place and the flue gases are condensed before they are released into the atmosphere through stack or chimney.

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Industrial furnaces are the thermal enclosures in which raw materials, both solid state and liquid state, are processed at high temperatures. They attain higher processing temperatures as compared with open-air systems. The industrial furnaces can be designed according to their functions, temperature variance, fuel type and method of combustion. The basic construction of Industrial furnaces consist of radiant section, convection section, radiant coil, burner, flue gas stack and insulation. These furnaces have a basic working principle.

Market Dynamics

Usage of industrial furnaces is mandate in major industrial sectors for processing various materials, oils, gases and food products. Although there are different versions of them but there is no alternative presented in the market to replace industrial furnaces. Although the life of an industrial furnace is long, there are newer industries being set up every year all over the world. Some are the new entrants while most of the industries being set up are by the old player with an idea to expand their market presence. This sense of competition has brought in better scopes for the industrial furnace industry and can be considered as a new trend in the market. The key driver for this market is the perennial demand for steel and Iron along with other important metals and materials.

With the growing demand for metals across several industries including but not limiting to automobiles, rail roads and metallurgy, more vehicles, ornaments, bridges, buildings and various other things are being manufactured and constructed. This calls for more and more industries to be set up to quench the rising demand which further ensures that there’s a lot of demand for industrial furnaces from businesses all over the world. With the introduction of industry 4.0 and IIoT (Industrial Internet of Things), the concept of industrial furnace has changed the whole scenario by opting for better efficiencies and automation.

This boom can be an opportunity for those manufactures who would be the early adopters of this technology. In the hindsight, the restraint for the market lies in the fact that industrial furnaces are considered as one time investments for any plant which have a long life of 10 to 15 years thus having a low product replacement rate. Secondly, most of the countries in the world are well equipped with sufficient industries and fewer no. of manufacturing facilities have been set up in the last decade and is expected to have a prolonged effect in the forecast period thus acting as a deterrent for the industrial furnace market.

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Regional Outlook

As per the current market scenario, the industrial furnaces market is prominent in APAC region where the world’s largest steel and automobile producers are ruling the world. The most intense market for industrial furnaces is the emerging economies where more number of steel plants are being invested on. Regions in Western Europe, NA, Russia and MEA are hot spots for this very market. Brazil and Ukraine also show significant scope for the market of Industrial furnaces.

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.

Key Players

Epcon Industrial Systems, LP
International Thermal Systems
Industrial Furnace Company
Nutec Bickley
L&L Special Furnace Co., Inc.
Thermcraft, Inc.
SCHMIDT + CLEMENS GMBH + CO. KG
ANDRITZ
LÖCHER Industrieofen

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By Segmentation:

On the basis of arrangement, global industrial furnaces market can be segmented as:

Tube or clamshell Type
Box Type
Car Bottom Type

On the basis of operation, global industrial furnaces market can be segmented as:

Gas/Burner Operated
Electrically Operated

On the basis of application, global industrial furnaces market can be segmented as:

Atmosphere
Vacuum

On the basis of structure, global industrial furnaces market can be segmented as:

Batch
Continuous

On the basis of end-user, global industrial furnaces market can be segmented as:

Automotive
Oil and Gas
Metallurgy
Steel and Iron
Food Processing

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

Arthroscopy Devices Market s expected to record a CAGR of 7.1% to reach a valuation of US$ 5.61 Billion by 2022

Arthroscopy Devices Market Overview

During the forecast period, the arthroscopic devices market is expected to record a CAGR of 7.1% to reach a valuation of US$ 5.61 Bn by 2022.

The arthroscopic devices market is expected to rise due to an increase in the frequency of sports injuries when an arthroscopy surgery might be used to avoid total joint replacements. One of the prime reasons driving the sales of arthroscopic devices is the rising frequency of bone-related and musculoskeletal ailments.

Arthroscopy devices are used to look for particular disorders including osteoarthritis, rheumatoid arthritis, tendonitis, and bone tumours in the joints. The rising prevalence of musculoskeletal problems as a result of the increasing ageing population is the primary driver of demand for arthroscopy devices operation.

The arthroscopic devices market is dominated by arthroscopic implants, which is projected to remain so during the forecast period.

This is due to the increased adoption of implants in arthroscopy procedures of damaged joints and demand for arthroscopic devices, as well as the diverse application of these implants with improved designs, such as smart and customised implants to treat various conditions and increased adoption of implants in arthroscopy procedures of damaged joints which has also resulted in increase of sales of arthroscopic devices.

What are the Key Drivers of the Arthroscopic Devices Market?

The arthroscopic devices market has emerged as one of the attractive industries in the medical equipment sector resulting in increased sales of arthroscopic devices. In the recent past, the arthroscopic devices market has seen major private equity transactions, several mergers and innovative product launches which acts as a key driver for arthroscopic devices market.

Rise of aging population along with advancement in technology especially in medical and healthcare sector is likely to fuel arthroscopic devices market. As consumers have become more health conscious and prefer high layout for orthopaedic treatments, arthroscopic devices market is likely to project a promising future i.e. increased demand for arthroscopic devices over the forecast period.

A growing geriatric population worldwide has boosted the demand for arthroscopic devices and treatment globally. Increasing use of robotics creates more potential for sales of arthroscopic devices market.

The demand for arthroscope implants has increased due to rise in hip arthroscopic surgeries.

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What is the Future of the Arthroscopic Devices Market?

Our experts deduced from a complete view of the arthroscopy devices market that the industry is developing at a phenomenal rate, with North America and Europe dominating the arthroscopic devices market.

The rising frequency of arthritis and sports injuries is expected to give substantial potential prospects for the key arthroscopic devices market players.

In addition, advancements in arthroscopy visualisation systems will help to the arthroscopic devices market’s growth. Furthermore, rising demand for knee and hip arthroscopy is expected to propel the sales of arthroscopic instruments market as well as the demand for arthroscopic devices forward.

Who are the Key Players in the Arthroscopic Devices Market?

Arthrex, Inc., Conmed Corporation, Johnson & Johnson, KARL STORZ GmbH & Co. KG, Medtronic, Plc, Richard Wolf GmbH, Smith & Nephew, Plc, Stryker Corporation, Wright Medical Group N.V., and Zimmer Biomet Holdings, Inc. are some of the major players in the arthroscopy devices market.

Active implants, Bioventus, Breg, Cannuflow, Inc., DJO Global, Inc., Flexion Therapeutics, MinInvasive Ltd, NuOrtho Surgical, Inc., OrthoSpace, ROG Sports Medicine, and others are among the value chain’s other arthroscopy devices market competitors.

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Industrial Boilers Market| One the Most Booming Industry in Upcoming Years Due to Global Demand in Industry by 2028

With increasing emphasis given to low degree of harmful gas emissions, the key players in the industrial boilers market are focusing on upgrading and enhancing their portfolios to ensure abidance to the same. For example, Cochran, an industrial boilers market player, switched from using oil to LNG for space heating at its Scotland site for facilitating developments of a R&D center. With this the company could not just reduce CO2 emissions but also gain economic efficiency with cost savings.

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Asia Pacific Market for Industrial Boilers to Offer Tremendous Revenue Growth Potential

With the increasing industrial sector and the burgeoning demand for industrial equipment, key players are not just focusing on the emerging economies, but are leveraging the opportunities provided by the APAC market.

Apart from product offerings, key players are extending technical assistance to ensure better customer empowerment and increased after sales engagement. For instance, Cochran Ltd, another industrial boilers company has supplied its industrial boilers in Hong Kong. The company further provided training to the boiler operators in support of their initial supplies in the Hong Kong. The need for trained workers for the operations of industrial boilers need to be taken care of. With such initiatives, the industrial boilers market in APAC exhibits positive scenarios in the future.

Increasing contracts and orders from the emerging Asian nations are also contributing to the increasing manufacturer focus towards the APAC market. For example, General Electric received a twin boiler equipment order from Bharat Heavy Electricals (BHEL) based in India for the country’s two thermal power projects.

Apart from the emerging nations, the manufacturers of industrial boilers are also eyeing the scope of developed economies to harness the increasing potential they offer. For instance, a provider of boilers and pump equipment to industrial and commercial sectors, R. F. Mac Donald Co. established a new office in the Sacramento, California with an aim of supporting increasing client bases in the area.

Thermax, an industrial boilers market player was awarded a contract of INR 340 crore from a steel manufacturing company in India. This contract was given for supplying electric turbo generators, specially customized industrial boilers, and ancillary equipment for the company’s production facility in India’s Maharashtra State.

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Key Market Segments

The industrial boilers market is classified on the basis of product type, boiler capacity, technology, fuel type, and end user.

On the basis of product type, the industrial boilers market is divided into water tube industrial boiler, fire tube industrial boiler, and others. Based on capacity of boilers, the industrial boilers market is classified into below 10 MMBtu/hr, 10-50 MMBtu/hr, 50-100 MMBTu/hr, 100-250 MMBTu/hr, and above 250 MMBTu/hr. According to technology, the industrial boilers market is divided into condensing and non-condensing. The fuel type division comprises of segments such as coal, natural gas, oil, and others. The end users of industrial boilers include chemical industry, refinery industry, food industry, paper industry, primary metals industry, and others.

The research study on industrial boilers market highlights a detailed assessment of the overall market. It comprises of in-depth insights, historical and factual data, and industry-validated and statistically-supported data that provides a better understanding of the industrial boilers market. The industrial boilers market report includes predictions using adequate set of assumptions and methodologies. The research report on industrial boilers market provides evaluations and data based on regions, technology, market segments, and applications.

The report on market of industrial boilers comprises of a thorough market analysis on:

Segments of industrial boilers market
Industrial boilers Market Influencers
Industrial boilers Market Size
Supply and Demand
Latest trends and challenges in the industrial boilers market
Major manufacturers of Industrial boilers
Value Chain
Technology

Geographical Assessment includes:

North America Market of Industrial boilers focusing on Canada and US.
Latin America Industrial boilers Market comprising Mexico, Brazil, and Rest of Latin America.
Western Europe Industrial boilers Market that includes Germany, Italy, U.K, France, Nordic countries, Netherlands, Spain, Luxembourg, Belgium, and Rest of Western Europe.
Eastern Europe Market of Industrial boilers including Poland, Russia, and Rest of Eastern Europe.
Asia Pacific Market of Industrial boilers including China, India, ASEAN, Australia & New Zealand.
Japan Industrial boilers Market
Middle East and Africa Industrial boilers Market-GCC, South Africa, and Rest of MEA.

The industrial boilers market research study is a glance of first-hand information gained by analyzing the market in a qualitatively and quantitatively. This data is obtained with the help of research analysts, experts in the industry and participants across the value chain. The detailed assessment of the trends in the parent market, macro-economic metrics, factors governing the market, and market attractiveness according to segments are all included in the report. The market study also hints the influence of the several factors on the regions and market segments.

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Manufacturers of Industrial Boilers to Exhibit Increasing Focus towards Effective Product Offerings

The major players recognized in the industrial boilers market include Ross Boilers, Fulton Boiler Works, Inc., Forbes Marshall Pvt. Ltd., Utech Projects Pvt Ltd., IBL Group, Burnham Commercial, Cheema Boilers Limited, Clayton Industries, Tecor Boilers Pvt. Ltd., Maanya, GENERAL ELECTRIC, Cochran Ltd., English Boiler and Tube, Inc., BHEL, Indtex Boiler Pvt. Ltd., PAR TECHNO-HEAT PVT. LTD., KIP Enterprises, SAZ BOILERS, Thermax Limited, and Ramakrishna Services.

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

Plastic Extrusion Machine Market| One the Most Booming Industry in Upcoming Years Due to Global Demand in Industry by 2027

Extrusion is a process used for the creation of fixed cross-sectional profiles. Materials, such as plastic or thermoplastic, are pressed through a die of desired shape and cross-section. Plastic extrusion is a manufacturing process using which high volumes of plastic material is manufactured and produced to form a continuous profile. Plastic extrusion is used for the manufacturing of plastic products, such as weather-striping lines, pipes, tubes, deck railings, plastic films, window frames, plastic sheets, wire insulations and thermoplastic coatings.

The prominent advantage of the plastic extrusion process is that the plastic can be given any complex shape and molded into any design without the appearance of any cracks or im.perfections as the plastic encounters only shear and compressive stresses. That apart, the process also helps in manufacturing parts and components with excellent surface finish. The extruder machine contains a barrel and screw, heaters, die and screw drives. The extrusion machine works on the application of two conditions pressure.

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Additionally, the mixing action of the plastic compound through the shearing action is facilitated by the extruder screw. The plastic extrusion process is used for the manufacturing of plastic tires and belt conveyors in the global market. Extrusion machines can be used for the manufacturing of several materials from thermoplastic plastic, thermoplastic and natural plastic. The cross-sectional shapes or profiles, such as cord, rectangles, squares and triangular shapes and hollow sections of the aforementioned profiles can be easily manufactured using plastic extrusion machines.

Market Dynamics: Plastic Extrusion Machine Global Market

The Plastic extrusion machine market is estimated to gain traction in the market over the forecast period owing to significant drivers, such as significant innovation processing technologies and introduction of new and novel plastic products in the global market.

However, there are other factors which are also expected to drive the demand for plastic extrusion machines, such as the growing piping industries and manufacturing sector in emerging and developed regions, increasing awareness about the benefits of plastic extrusion machine, growing consumer consciousness about environment-friendly equipment and other comforts. Manufacturers have strong opportunity to introduce innovative plastic products which are being manufactured to meet transitioning consumer demand for fuel effective & high-performance lightweight vehicles.

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Automotive, oil & gas and construction industries are expected to fuel the demand for plastic extrusion machines during the forecast period. This trend in the plastic extrusion machine market is estimated to increase owing to the growing automotive industries, rising population across the world and growing spending on infrastructure. Currently, major manufacturers in the plastic extrusion machine market which have extensive presence globally dominate the market with their extensive distribution network along with their innovative product portfolio, which is a key driving factor for the growth of the global plastic extrusion machine market.

Also, growing consumer preference towards less carbon emission control vehicles has encouraged manufacturers to achieve minimum fuel efficiency and to continue this, manufacturers have tied up with OEMs to develop specific products for automobiles which are light in weight. Lack of awareness about the advantages of plastic extrusion machine systems may act as a restraint for the global Plastic Extrusion Machine system market.

Regional Outlook: Plastic Extrusion Machine Global Market

Rising automotive sector in APAC and Europe is expected to grow with healthy CAGR over the forecast period. European countries, such as Germany and Russia, are expected to gain traction during the forecast period. Stringent emission regulations are increasing the demand for plastic products in interior materials in all the vehicle types across the globe.

People in Europe, North America and the Middle East live a luxurious lifestyle. This coupled with higher standard of living and high disposable incomes has led to a growth in the application of plastic products in all end use industries, such as automotive and footwear, which is in turn estimated to propel the demand for global Plastic extrusion machines. People have developed a liking towards comfortable and smooth plastic products and thus, the market is expected see rapid growth in all developed and developing countries in the future.

Developing markets in the APEJ region, especially China and India, are estimated to play a significant role in the growth of the Plastic extrusion machines in coming future. In countries, such as India and China, manufacturing industries are growing at a good pace and hence, there is humungous growth potential for plastic extrusion machines in the near future.

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Key Market players: Plastic Extrusion Machine Global Market

Some of the key players in the polyurethanes additives market are:

Apex Engineers
Reifenhauserindia
Shyam Plastic Machinery
KraussMaffei Berstorff
Extrusion Technik USA, Inc.
TROESTER GmbH & Co. KG
Well Shyang Machinery (WSM)
W. Brabender Instruments Inc.
MITSUBA MFG. CO., LTD.
DEGUMA-SCHÜTZ GmbH

Market Segmentation: Plastic Extrusion Machine Global Market

The Plastic Extrusion Machine market is segmented on the basis of product type, material component and end use.

On the basis of product type, the plastic extrusion machine market is segmented into:

Single screw extrusion
Twin screw extrusion

On the basis of material, the plastic extrusion machine market is segmented into:

PVC
PP
PE
Others

On the basis of component, the plastic extrusion machine market is segmented into:

Screw Drives
Heaters
Dies
Blown film extrusion
Sheet/film extrusion
Tubing extrusion
Co-extrusion
Extrusion coating
Others

On the basis of end use, the plastic extrusion machine market is segmented into:

Automotive
Oil & Gas
Consumer Goods
Packaging
Others

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