Market Research Blog – Page 14062 – New Product Development

Gas Circuit Breakers to Witness Increasing Adoption In The Industrial Sector During 2021 – 2031

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

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

Global Gas Circuit Breaker Market: Dynamics Impacting Future Growth

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

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

Global Gas Circuit Breaker Market: Forecast Highlights

As per the research report on the global gas circuit breaker market, the global market is anticipated to grow at a CAGR of 4.6% throughout the period of forecast to reach a valuation of more than US$ 800 Mn by the end of 2027 from a value of about US$ 518 Mn in 2017.

Global Gas Circuit Breaker Market: Segmentation Snapshot

The global gas circuit breaker market is segmented on the basis of voltage rating, by configuration, by technology, by end use and by region.

By Voltage Rating, above 800 kV segment is the largest segment with a high market share. However, the 252-550 kV segment is projected to grow at a high rate to register a value CAGR of 5.3% throughout the period of forecast
By Configuration, single interrupter segment is a high growth segment contributing largely to the growth of the global market. It is estimated to reach a value of more than US$ 530 Mn by the end of 2031
By Technology, live tank type segment is highly lucrative with high growth potential. This segment is projected to grow at a high comparatively high CAGR and also reflect a high market valuation by the end of the period of assessment, thus leading the global market
By End Use, the industrial segment is expected to dominate the global market with a high market value. The commercial segment is poised to register a high value CAGR of 5.2% throughout the period of forecast
By Region, Asia Pacific excluding Japan (APEJ) is the largest with high market attractiveness. The gas circuit breaker market in APEJ region is expected to grow at a high value CAGR of 5.8% during the forecast period

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Global Gas Circuit Breaker Market: Competitive Analysis

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

Food and Beverage Protective Cultures Market 2022 | Scope of Current and Future Industry 2027

The global market for protective cultures, particularly for food and beverages industry is marked by products substituting artificial preservatives in order to promote safe and healthy eating along with extending shelf life of food products. Food and beverage protective cultures are manufactured by bioscience companies that develop natural food ingredient and solutions. Bio science companies operating in the global market are particularly focusing on developing protective cultures for food and beverages market in order to better serve their clients in meeting their business end objectives of reaching to health conscious consumers.

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Food and Beverage Protective Cultures Market: Market Dynamics

The global food and beverages industry is marked by presence of market players competing with each other to appeal to consumers with strong health conscious attitude. Manufacturers and brands operating in the food and beverage industry have to communicate superior product value alongwith sustaining quality of shelf life. Food and beverage protective culture manufacturing companies provide protective culture that are able to replace traditionally used artificial preservatives. Artificial preservatives are being conventionally used in manufacturing of food and beverage products, particularly for fermented products in order to extend shelf life of these food products. Shelf life of a product plays a vital role in achieving inventorying and supply chain objectives in order to serve a large global market. Brands with product portfolio that can withstand long shelf life are able to command strong merchandising value on retail shelves. Food and beverage protective cultures provide milk, seafood, meat, poultry and other processed foods with capability to sustain shelf life.

In 2017, Danish bioscience company Chr Hansen launched products in the protective cultures market particularly for yogurt and cheese applications. The protective cultures products launched by Chr Hansen aims to help their clients replace artificial preservatives in order to sustain shelf life of yogurts and cheese products.

Protective cultures have higher product cost as compared to artificial preservatives. Despite relatively higher cost, food and beverage brands are gradually preferring protective cultures as it allows them to target consumer demanding natural solutions for processed foods. The growing trend of ingredient marketing allows manufacturers and marketers to communicate the significance of natural ingredients over artificial preservatives. Food and beverages protective cultures are recently being added to food products that do not require fermentation. The global market for food and beverage protective culture is driven by investment by food and beverage manufacturers to serve demand for organic and natural food products.

The global market for protective cultures faces limited or restricted scope for foods that are heat treated. However, continuous product innovation and new product development processes are expected to broaden the scope of application for food and beverages protective cultures market.

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Food and Beverage Protective Cultures Market: Regional Outlook

The global food and beverage protective cultures market is segmented into seven key regions, including, North America, Latin America, Eastern Europe, Western Europe, Middle East and Africa (MEA), Asia Pacific Excluding Japan (APEJ) and Japan. Geographic region with popularity of processed and packaged foods are expected to generate considerable revenue for food and beverages cultures market. China and North America region which represents substantial consumption of meat and dairy products is expected to create high total incremental opportunity during the forecast period 2017-2027.

Global Food and Beverage Protective Cultures Market: Competitive Landscape

Some of the players operating in the food and beverage protective cultures market include Chr. Hansen A/S, Danisco A/S, Sacco Srl, Prayon S.A., Kerry Inc., DSM N.V. and Dalton Biotecnologie S.r.l.

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

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.

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Food and Beverage Protective Cultures Market: Segmentation

The global market for food and beverage protective cultures is segmented on the basis of end use as follows

Yogurt
Cheese
Meat
Seafood
Beverages

Report Highlights:

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

Global Heat Recovery Steam Generator Market Is Poised To Grow At A 5.7% CAGR Through 2031

Warmth recuperation steam turbines also termed waste warmness boilers, recover the waste warmth gift within the exhaust gases of the fuel turbine cycle to generate steam which is used to run a steam energy cycle.

The use of those structures can considerably cut down greenhouse fuel emissions and boom the efficacy of energy flora, which in flip is using their income throughout various strength-generating industries. Product customizations in warmness recovery steam turbines offered by using OEMs and growing investments in clean power generating assets will hold augmenting market boom via 2031.

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

Developing energy calls for an alarming growth in greenhouse fuel emissions have recommended the improvement of superior power systems that potentially boom efficiency and beautify sustainability using reducing environmental effects.

Renewable energy usage, waste heat recuperation, and mixed cycle strength generation have attracted sizeable interest in current years. Waste warmth is derived from many industrial operations, which may be used for power generation via leveraging a warmness restoration steam generator system.

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

Warmness recovery steam generators have a myriad of programs, out of which, blended cycles are gaining good-sized traction. In combined cycles, waste warmness is transferred from gasoline turbine exhaust gases to water for producing steam for strength manufacturing in the Rankine cycle.

In basic styles of mixed cycles, a gas turbine arduous right into a warmth recuperation steam generator is used. The heat recuperation steam generator materials steam to steam turbine cycles to generate electricity, that is the most efficient way of power generation these days.

Competitive Landscape

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

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Smart Water Grid Market Witness a Spike in Growth Pace Recent Improvements in Pricing Models: FMI

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

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Various advanced features in smart water grid that are expected to drive the market are demand prediction, real time sensing, quality monitoring, ease of detecting leak and burst, supporting planning and operations and helping in reducing water loss. Increasing emphasis on improving water management and supply, developing accurate billing method, reconstruction of old water infrastructure are some of the factors contributing to the growth of the smart water grid market.

Municipalities across various countries are focusing on implementing smart water grid technology that can offer information and communication technologies at the same time in a single smart water management scheme, thus increasing efficiency. Increasing investment in repairing old water infrastructure and improvement in water distribution systems are also driving the market for smart water grid.

Key Highlights on the Global Smart Water Grid Market

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

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

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

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

Key Players Competing to Sustain in the Market

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

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Explore FMI’s Extensive Coverage on Industrial Automation Domain

Weatherization Services Market : Weatherization Services Market By Application (Attic Insulation, Sidewall Insulation, Floor Insulation, HVAC, Doors & Windows Frame), Construction Type (Retrofit, New Construction), End-Use (Residential, Commercial) & Region – Forecast 2022 – 2028

Inflatable Tents Market : Inflatable Tents Market by Material Type (PVC, Poly-Cotton, Nylon), By Type (Self-Erecting and Hybrid), Shape (Dome, Tunnel, Geodesic), End Use (Military, Commercial, Personal), & Region – Forecast 2022 – 2028

Vibrating Screen Market : Vibrating Screen Market by Product Type (Linear Vibrating Screens, Circular Vibrating Screens, Elliptical Vibrating Screens), Drive Type (Direct Drive, Indirect Drive), End-Use Industry (Construction, Mining, Recycling), and Region for 2022 – 2029

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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Artichokes Market 2022 Outlook, Current and Future Industry Landscape Analysis 2027

Artichokes are the flower buds of the plant which are cultivated majorly near the Mediterranean region. The total antioxidant property of artichokes makes them useful in medical research, genome, liqueur, herbal tea and also in cooking. Other than this, artichokes are rich in chromium, fiber, Magnesium, folate, potassium and Vitamin C, which has driven the demand for artichokes among consumers. Artichokes are expected to have a large market in Western Europe, North America, and Latin America, while weak demand in Asia Pacific region. Among major nine varieties of artichokes, green globe seems to be highest in demand across the globe.

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Global Artichokes Market Dynamics:

The supply of artichoke is one of the factors affecting the prices. The prices reach to the peak in winters, when the supply is low, while the prices for artichokes are minimum in March when the supply is very high. Green globe variety of artichokes is most popular across the globe. To preserve the artichokes, necessary packaging and preservation techniques are applied, which enables the long life of the food item and exported to larger distances across the globe. Thus frozen and canned form of artichokes have played a crucial role in driving the market of artichokes. Silymarin and Cynarin are the compounds found in the leaves of artichoke which possesses potent anti-oxidant properties and are proven to be highly effective for regenerating healthy tissues for liver, thereby, curing several diseases. Other than this, compactness and cleanliness are the factors that significantly supports the marketing of the food product.

Global Artichokes Market Regional Outlook:

The artichoke market can be segmented on the basis of geographical regions as North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa (MEA), Asia Pacific excluding Japan (APEJ) and Japan. The production of the artichoke is concentrated in Western Europe, while in some parts of North America, Latin America, North Africa and China. Western Europe, specifically Italy is the leading exporter of the artichokes, followed by Spain, France, and other countries. The US is the leading importer of artichokes as the demand of artichokes of the nation cannot be fulfilled by its local produce. Italy, Spain and Peru are the major exporters serving the demand of the US market. California State is responsible for the almost complete production of artichokes in the US. These facts indicate a large market for artichokes in Western Europe, Latin America, North America and MEA region. China has a considerable production of artichokes, around 5% of the global production, which is consumed within the Asia Pacific only. The imports of artichokes to Asia Pacific countries is negligible as compared to the imports of US. Thus, the Asia Pacific region is expected to have a low market share in global artichoke market.

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Global Artichokes Market Key Players:

Some of the key players in the global artichokes market are

Master Fruit SRL
Hijos De Joaquín Rodríguez SL
Jawhara Foods
Sirri Ustundag
Danda Global Trade
Caprichos Del Paladar
Agro T18 Italia S.R.L.
Olive Gardens

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)

Global Artichokes Market Segmentation:

The global artichokes market can be segmented on the basis of varieties of artichokes available as

Baby Anzio
Big Heart
Green Globe
Siena
Mercury
Omaha
Fiesole
Chianti
King

The global artichokes market can be segmented on the basis of application of artichokes as

Cooking
Herbal Tea
Liqueur
Medical research
Genome

The global artichokes market can be segmented on the basis of origin as

Organic artichokes
Conventional artichokes

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Report Highlights:

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

Environmental Regulations Mandating Water Reuse to Help Boost the Global Lamella Clarifier Market

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

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

Global Lamella Clarifier Market: Dynamics

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

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

Global Lamella Clarifier Market: Segmental Highlights

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

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

Among the application segments, industrial segment is expected to lead the market with a market value of over US$ 260 Mn in 2017. This includes the chemical and fertilizer segment as the maximum contributing sub-segment with a market share of over US$ 52 Mn in 2017.

Among the regions, Asia Pacific excluding Japan is expected to hold the maximum value in the global market of over US$ 130 Mn in 2017, growing at a CAGR of 3.9% during the forecast period. However in terms of CAGR, North America dominates the global market with a CAGR of 4.8% during the forecast period.

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Global Lamella Clarifier Market: Competitive Dynamics

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

Marine Communication Market 2022 | Current and Future Demand, Analysis, Growth and Forecast By 2031

Growing focus on seamless and secure marine communication systems will propel innovation in the ensuing decade 2021-2031, with sales set to post strong gains in 2021, according to a latest study by Future Market Insights (FMI). The study tracks marine communication growth in high-growth markets, analyzing lucrative segments and strategies of key players.

The global marine communication market is estimated to register a CAGR of 7.8% during the forecast period of 2021-2031.

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Key Takeaways

Maritime sat phone & internet devices segment is estimated to register a CAGR of 10.9% during the forecast period
Merchant ships segment will remain lucrative with a market share of 40.4% followed by fishing boats/vessels segment.
The rise in popularity of recreational boating is expected to increase the adoption of marine communication systems.
South Asia & Pacific marine communication market is set to register high CAGR, owing to the increasing demand of maritime digital data services in the region.

“With the advancement in digital data services, marine communication service vendors need to make numerous updates into their pre-existing communication technologies, in order to upgrade the industry and ensure maximum productivity” says FMI Analyst.

COVID-19 Impact Analysis

The effects of the coronavirus Covid-19 outbreak will extend well beyond health and the threat to human lives. There are already signs that the virus will significantly impact international trade and the shipping industry.

The epidemic has caused the shipping and maritime industry to face the worst circumstances as the workforce in these sectors has been shut down for the safety and prevention of the escalation of COVID-19. The market disruptions due to the coronavirus pandemic has resulted in 5%-7% Year on Year (YoY) decrease in annual maritime communication equipment’s in 2020.

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However, amid the pandemic, various governments globally has continued to focus on developing and innovating marine communication technologies by launching advanced marine communication satellites for faster and reliable data transfer between shores and ships. For instance, on September 2020, China has launched its 3rd maritime satellite into space to carry out high-precision maritime environment monitoring. Thus, the continued innovation in maritime communication technologies has resulted in significant growth in the market.

Increasing Demand for VHF-based Data Exchange System

The VHF-based Data Exchange System (VDES) provides a robust and globally standard communication system for e-navigation. It supports the safety and efficiency of ship and shore operations. The reduced cost of deployment and improved communication is creating demand in various countries around the globe.

Moreover, marine electronic vendors are also focusing on offering cost-effective satellite-based communication. For instance, EGNOS, a European satellite-based augmentation service (SBAS), provides correction to GPS signals to increase the accuracy of position information. Thus, the demand for satellite-based communication system is driving the demand, and is fuelling the global marine communication market.

More Valuable Insights on Marine Communication Market

FMI’s report on the marine communication market is segmented into four major sections such as product (marine radio devices (fixed-mount VHF marine radios, handheld marine VHF radios, MF/HF radios), Marine Multifunction Displays (MFDs), Automatic Identification Systems (AIS) (AIS transponders, AIS receivers), Vessel Monitoring System (VMS) Terminals, Marine Radars, VHF Data Exchange System (VDES), maritime sat phone & internet devices, others) services (consulting services, integration & installation services, and after-sales support & maintenance services), application (fishing boats/vessels, merchant ships, recreational vessels, working vessels, and others), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East & Africa) to help readers understand and lucrative evaluate opportunities in the marine communication market.

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Key questions answered in the report

How will Marine Communication market expand until 2031?

FMI projects the global marine communication market to register a CAGR worth 7.8% across the 2021-2031 assessment period. Increasing demand for high-quality communication in maritime industry is expected to drive the growth in a positive direction.

Which is the most lucrative market for marine communication?

US is the most lucrative region in the global marine communication market and the trend is likely to continue until the near future. This region is growing due to continuous developments in satellite-based communication systems and increased demand for enriched content from seafarers, crew and passengers in this region.

Who are the leading players in marine communication market?

Prominent players operating in the global marine communication landscape include Icom Inc, Inmarsat, Furuno Electric Co., Ltd., Garmin Ltd., and among others

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China Projected to Dominate the Global Glass Tempering System Market in the Near Future

Glass Tempering System Market: Global Industry Analysis (2012-2016) And Opportunity Assessment (2017-2027)” is a new report of Future Market Insights that tracks the performance of the market for the projected period of 10 years i.e. between 2017 and 2027. The global glass tempering system market is expected to witness significant growth during the forecast period, expanding at a CAGR of 3.7% during the projected period. Growth in the global glass tempering system market can be attributed to huge investments in R&D, increasing use of hybrid guide plates, solar control glazing for automotive and building glasses, growing use of lightweight glazing glass, and increasing usage of advanced nanotechnology in glass manufacturing.

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According to this report, North America and APEJ are the key regions for glass tempering system market participants. In North America, the United States is investing in tempering activities, which is creating immense opportunities for glass tempering system manufacturers. Product development and establishment of long-term relationships with tempered glass OEMs is also a key to success in this market. The global market for glass tempering system is expected to be valued at US$ 94.5 Mn by 2017 end and is estimated to reach US$ 135.6 Mn by 2027 end.

Global Glass Tempering System Market: Drivers

Shift towards renewable solar energy will accelerate the growth of the market
Improving construction sector especially in Latin America is fuelling the growth of the global market
Construction of energy efficient buildings and renovation of existing infrastructure is another key market driver

Global Glass Tempering System Market: Forecast by Tempering Technology

On the basis of tempering technology, the global glass tempering system market is segmented into controlled heating and quenching equipment and chemical treatment. Controlled heating and quenching equipment is further segmented into standard configuration and advanced configuration. In terms of value, the controlled heating and quenching equipment segment is anticipated to be valued at US$ 89.0 Mn by 2017 end, which is estimated to grow at a CAGR of 3.7% and reach a value of US$ 127.8 Mn by the end of 2027.

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Global Glass Tempering System Market: Forecast by Application

The application segment consists of flat, bent and combined flat and bent segments. Flat segment is further segmented into continuous and oscillating segments. Oscillating type segment is expected to emerge as the most attractive segment by application over the forecast period. Combined flat and bent segment is anticipated to create incremental $ opportunity worth US$ 4.2 Mn over the forecast period.

Global Glass Tempering System Market: Forecast by End Use

By end use the market is categorized into automotive windows, architectural, electronics, solar applications and others. Architectural segment is sub-segmented into windows and doors, mirror and partitions and furniture, while electronics segment is sub-segmented into smartphone and appliances. The solar applications segment is estimated to reach US$ 1.6 Mn in 2027 from US$ 1.3 Mn in 2017. The segment is estimated to grow at a CAGR of 2.4% during the forecast period.

Global Glass Tempering System Market: Forecast by Region

Seven regions have been covered in this report and they are North America, Latin America, APEJ, Eastern Europe, Western Europe, Japan and MEA. China is expected to remain a strong market for glass tempering systems. Most of the APEJ, Eastern Europe, and Latin America buyers import glass tempering lines from China with standard configuration, due to investment constraints. North America is also projected to hold a significant share of the global glass tempering system market over the forecast period.

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Global Glass Tempering System Market: Key Vendors

Glaston OYJ Abp, Luoyang Landglass Technology Co. Ltd., LiSEC Austria GmbH, Luoyang North Glass Technology Co., Ltd., Glasstech Industries (India) Private Limited, Keraglass Industries Srl, CoolTemper Ltd., HHH Tempering Resources Inc., Ratnesh International, North East Machines, Meta Therm Furnace Pvt. Ltd., Mappi International, EFCO, Saint-Gobain S.A., IGE Glass Technologies, Inc., Lambert GT Services Ltd. are some of the glass tempering system market companies profiled in the report.

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Mobile Gamma Cameras Market expanding at a healthy 4.7% CAGR

Advancements in healthcare technology – particularly in the surgery category – have led to an increasing adoption of gamma cameras.

Further, the numerous developments in radio nucleotides are anticipated to favour the adoption of solid state cameras and mobile gamma cameras.

SPECT is currently the biggest application of gamma cameras given the low cost, large suite of radioisotopes, and expanded use cases.

Having said this, PET is anticipated to witness fastest growth in terms of adoption, owing to the greater special resolution and sensitivity, brought about by the use of positron emitting radioisotope that provides more energy, contrast, and special resolution. These findings are presented in a new research study on the global mobile gamma cameras market by Future Market Insights (FMI).

According to FMI analysis, the high costs of PET as compared to SPECT are expected to be negated in the wake of development of high sensitivity and selective tracers. FMI predicts a growth rate of 4.8% for the mobile gamma cameras market during the 10 year period from 2018 to 2028. Revenue from the sales of mobile gamma cameras is estimated to reach US$ 75.2 Mn by 2028 end, up from US$ 47.2 Mn in 2018.

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Shift Towards Dual Head Gamma Cameras and Premium Priced Hi-tech Products Trending the Mobile Gamma Cameras Market

Technology continues to remain a major enabler of revenue growth in the global mobile gamma cameras market. Being a high value-low volume market, technology plays a vital role in the mobile gamma cameras market, where the technologically advanced products are priced at a premium. The development of solid state sensors is slowly replacing the photomultiplier tube and this represents the biggest technological development in the mobile gamma cameras market followed by miniaturisation.

A notable trend being observed in the mobile gamma cameras market is the adoption shift towards dual head gamma cameras. Single head mobile gamma cameras have certain inherent disadvantages such as slow speed and lower density count leading to inability to perform different types of tests. This has resulted in an elevated demand for multiple head cameras. Dual head cameras increase total counts per stop, resulting in relatively lesser scan time and better image quality leading to enhanced accuracy in diagnosis.

Further, the latest mobile gamma cameras come with newer and better functionalities. Owing to advances in electronic components and software, modern mobile gamma cameras include advanced reconstruction algorithms and periodic updates that help boost scan speeds and image correction parameters. Advanced gamma camera software also facilitates more personalised patient scans by tracking patient activity and performing appropriate scans.

Key Takeaways from the Research Study on Mobile Gamma Cameras

The report by Future Market Insights studies the growth trajectory of the global market for mobile gamma cameras and also presents detailed forecasts for the various segments of the market. Key insights from the report are highlighted below:

Ambulatory surgical centres will remain fastest growing end users of mobile gamma cameras, owing to a greater demand in point of care testing
North America represents the largest regional market for mobile gamma cameras while Asia Pacific is expected to be the fastest growing market

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Single head mobile gamma cameras continue to remain dominant in terms of revenue owing to the small form factor and low cost; however, dual head mobile gamma cameras will witness rapid growth in demand on account of their high scanning speeds and better resolution
New product development and strong after sales service agreements with end users will remain key differentiating strategies of mobile gamma camera manufacturers

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Marketing Transcription Market 2022 Expectations & Growth Trends Highlighted Until 2031

As per a report by Future Market Insights (FMI), the global marketing transcription market is expected to reach a valuation of US% 1.68 Bn in 2021 and is expected to showcase high growth between 2021 and 2031. Transcription is the process of converting speech (recorded or live) into an electronic text document. The process includes providing an audio or video source file or URL to transcriber.

A transcriber either listens to file or upload it in a speech recognition software or creates a digital or textual transcript. Marketing transcriber’s transcripts consumer forums, group recordings, phone recordings, interviews, marketing research, focus groups, others key types.

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These transcripts offer various benefits like SEO visibility, captioning, user experience, maintain detailed records of meetings and group discussions. According to FMI, the demand for marketing transcription services is expected to account for above 67% of revenue generated in the market, while growth exhibited by the solutions segment is likely to be higher.

Key Takeaways of Marketing Transcription Market Study

Marketing transcription market is set to rise at above 8% CAGR between 2021 and 2031, driven by increasing adoption across various industries
The U.S. will emerge as an immensely attractive market, accounting for over 82% of revenue generated in North America
The U.K. is projected to register an impressive 15.3% Y-o-Y growth in 2021
The demand from Germany and Italy is expected to rise at a fast pace. Italy is forecast to exhibit double-digit growth over the forecast period
While China continues to dominate East Asia, Japan is set to record double-digit growth in the coming years

“Key players are focusing on continuous developments and implementation of new solutions such as cloud-based transcription services. Also, the emergence of AI-based transcription services is expected to save time and achieve higher accuracy rate for audio and video transcription. This is expected to create lucrative opportunities for growth of the market,” said an FMI analyst.

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Impact of COVID-19 on Marketing Transcription Market

The COVID-19 pandemic outbreak has disrupted many industries, including the marketing transcription market. During a time of crisis, marketing transcription services like audio transcription services, video transcription services, and custom transcription services can be a blessing and disrupt for customers and brands.

However consumers’ usage of marketing transcription is greatly increasing. It is considered important for various applications such as risk and compliance management, fraud detection and prevention, customer management, content transcription, others.

Historically, the market for marketing transcription has grown by almost 6%-7% globally in the past 5 years. In 2020, the total value of marketing transcription is estimated to be nearly US$ 1.7 Bn globally. Due to the COVID-19 outbreak, adoption for marketing transcription is estimated to increase by nearly 8%-9% in Q1-Q2 2021.

Transcription Services to Boost SEO and Online Marketing Practices

Online video marketing has emerged as a major part of content marketing. The strategy of video marketing has been adopted by various businesses that allows marketers to demonstrate the product in more sophisticated manner instead of traditional “static” web content marketing. In 2016, 96% of B2B organizations used video in their marketing campaigns.

Search Engine Optimization (SEO) is a marketing strategy motivated by creating higher page rank and increase more site visits. Search engines do the indexing based on textual contents. Transcription of video provides text that can be indexed by search engines, and enables website to increase the chance of being prominently featured in searches. By increasing traffic, businesses are able to produce more leads towards their product that directly increases sales and eventually revenue for the company. Hence, organizations are continually adopting transcription services to increase their business profits.

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More Valuable Insights on Marketing Transcription Market

A new market research report published by Future Market Insights (FMI) on the global marketing transcription market includes global industry analysis for 2016–2020 and opportunity assessment for 2021–2031. The report provides valuable insights on the basis of solution ((software (audio to text converter, and video to text converter)), and services (audio transcription services, video transcription services, and custom transcription services), type (consumer forums, group recordings, phone recordings, interviews, marketing research, focus groups, and others), industry (BFSI, education, media & entertainment, IT & telecom, retail & consumer goods, government, and others), across six major regions.

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