Underground Mining Equipment Market 2021 Industry Research, Segmentation, Key Players Analysis and Forecast to 2025 : FMI

Future Market Insights (FMI), in its new study, evaluates the ongoing developments in the underground mining equipment market and projects their impact on the growth of the market between 2019 and 2029. The study projects that the sales of underground mining equipment of worth ~US$ 14 Bn were recorded in 2018. However, the market value is likely to grow at a passive CAGR of 2.4% through 2029.

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Rising adoption of automatic underground mining equipment among manufacturers to sync with the ongoing trends in the ever-evolving mining industry is set to incur tech-driven transformations in this landscape, opines the study. In addition, stringent emission regulations regarding controlled diesel emission and personnel safety in the mining industry are likely to stimulate innovations that can enable dealing with the relentless pricing pressure more efficiently, and mitigate the environmental impacts of new-age underground mining equipment.

Advanced techniques of mining and their impacts on various socio-economic factors have been a prolonged concern worldwide. The shift of a majority of miners from surface or open pit mining to underground mining has further amplified concerns vis-à-vis human safety and the environmental impacts.

Technology is emerging as the most efficient tool for introducing enhanced features in underground mining equipment, and FMI’s study examines the influence of advancements in technologies and other microeconomic factors on the growth of the underground mining equipment landscape.

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Mineworkers’ Staunch Inclination towards Hard Rock Mining Equipment

FMI’s study finds that every 7 out of 10 underground mining equipment sold in 2018 were designated to applications associated with hard rock mining platforms. Increasing demand for hard rock minerals, such as copper, gold, zinc, and lithium, in wide-ranging industries has given rise to hard rock mining activities in the mining industry. Leading players in the underground mining equipment landscape are focusing on catering to the thriving need for improved productivity in underground hard rock mines with the launch of next-generation mining equipment.

In addition, conventional hard rock mining techniques result in the release of toxic gases including carbon dioxide (CO2), and Sulphur dioxide (SO2) among others, which is triggering the adoption of electric equipment in hard rock mines. In addition, the study finds that coupling of underground mining equipment that can carry out multiple operations including parallel cutting, loading, and hauling operations are likely to witness high demand in the coming years.

Key Segment

By Product Type

  • Mining Loaders
  • Mining Trucks
  • Mining Drills
  • Mining Bolters
  • Mining Shearer
  • Continuous Miners
  • Mining Excavators & Shovels
  • Mining Scalers
  • Others

By Mining Technique

  • Soft Rock Mining
  • Hard Rock Mining

By End Users

  • Mining Operators
  • Rental Service Provider

By Region

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East and Africa

Visibly Growing Preference for ‘Rental’ over New

In rough terrains such as the mining industry, constant wear and tear of mining equipment lead to high replacement rates, incurring significant depreciation costs to the end users. As large mining machinery, including underground mining equipment, come with a significantly high price tag, purchasing a new equipment creates the need for high capital investments.

A majority of miners are inclined towards purchasing used or refurbished equipment, even considering the option of renting rather than investing in new underground mining equipment. Since a majority of mining businesses are looking for reducing their initial investments, rental service providers are likely to gain traction among in the coming years.

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FMI’s study finds that more than half the revenue share is accounted by rental service providers in the underground equipment market. Increasing end user preferences for rental equipment are fostering the progression of this trend in the market. A mounting number of rental service companies are offering refurbished mining equipment that are specifically tailored to suit the requirements of the underground mining sector. The FMI report also finds that leading stakeholders and investors in the underground mining equipment landscape are zooming in their strategic focus on providing rental service packages to suit changing needs of their customers, regarding the inventory of equipment.

Connected Healthcare Market Prospects and Growth Assessment 2031

Connected Healthcare Market Overview

According to the latest research by Future Market Insights, Connected healthcare market is set to experience 15.6% growth during the year 2021-2031. Due to need for effective communication.

What is driving Demand for Connected healthcare market?

Growth in the incidence rate of injuries in all age groups is one of the major factors driving the growth of connected healthcare market.  Various activities such as trekking and adventure sports further results in abrasion, minor injuries, multiple cuts and wounds on different body parts. In such cases, elastic bandages are use while the treatment procedure takes place.

Moreover, rising count of road accidents has increased significantly worldwide. These accidents can be considered as fatal or non-fatal injury, some of these non-fatal injuries require speedy application of bandages in order to stop any further damage

For instance, according to Stanford children’s health approx. number of around 3.5 million children’s of around 14 years and below get injured while playing sports or doing any adventurous activity

Elastic Bandages used for upper limbs and lowers is likely to augment connected healthcare market.

For lower limbs, the elastic bandages are used for the treatment of hairline fracture, joint dislocation, cure factures, ankle sprains, orthopaedic procedures, varicose veins, deep cuts, accidental amputations, thigh cramps and muscle pulls. Bandages for lower limbs are majorly used by the athletes and its sales in the market is quite significant during sports season such as Olympics, national games and international games.

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For the purpose of upper limbs, bandages are used widely for the treatment of hairline fractures, joint dislocation, acute injuries and swelling, it further offers support to injured soft tissues. They are widely used in cases of elbow figure eight, hand wrist figure eight along with compression dressings.

U.S. and Canada Connected healthcare market Outlook

U.S. and Canada are expected to have the highest share and therefore will dominate the connected healthcare market. This is due to the increasing orthopaedic injuries, upward trend growth rate in the surgeries and prevalence of chronic wounds are further resulting in the growing usage of elastic bandages along with medical tapes in this region.

Europe Demand Outlook for Veterinary Home Diagnostics

The European market for veterinary home diagnostics is estimated to grow at a considerable rate during the forecast period. This surge in growth is due rising geriatric population with venous diseases in this region. Th growing prevalence of deep vein thrombosis, lymphedema and chronic leg ulcers has further significantly increased the use of elastic bands in this region

Moreover, the presence of various key players in this region along with easy availability of elastic bandages is contributing positively towards the market growth. Furthermore, rising awareness of compression therapy, along with the increasing usages of elastic bandages and expansion of various key players in this region uplifts the market growth of elastic bandages in this region.

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Who are the Key Manufacturers and Suppliers of Veterinary Home Diagnostics?

Some of the key players operating in the Connected healthcare market are

  • 3M
  • CardinalHealth
  • Avcor Health Care
  • Tetra Medical Supply Corp
  • Patterson Medical
  • DJO Global
  • Paul Hartmann
  • Medtronic
  • Kerma Medical Products
  • DeRoyal Industries
  • BSN Medical Inc
  • Alimed
  • Anji Chaoqiang Bandage Weaving Factory
  • Andover Healthcare
  • Anji FangYuan Sanitary Material
  • Anji Jixiang
  • Zhejiang Dongyang Dongsheng Medical Dressing
  • Hubei Joy Bone Medical Products
  • GSPmed.

Manufacturers in the market focus on carrying out certain strategic activities such as acquisitions and merger, expansion, product launch, etc.

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.

Connected healthcare market 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

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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, the global financial capital, and has delivery centers in the 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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Marine Radar Market’s valuation to reach US$ 971 Mn by the end of 2031.

Future Market Insights (FMI) in a new study has presented optimistic outlook for the marine radar market, especially with the advent of next generation solid state radars. The demand is expected to remain consistent through the forecast period, enabling the market register Y-o-Y growth at little above 2% in 2021.

Maritime safety and efficiency is of utmost concern when it comes to merchant marine. Hence the segment dominates in terms of application and position is expected to remain impact through the course of the report’s forecast period. Also, the rising military and naval application to enable market players maintain a strong footing.

According to FMI, X-Band radar holds significant share in the market. It is also used in a wide range of applications including merchant marine, fishing vessels, yacht/recreational and military/ naval. Technology advancement and growing demand for progressive intrusion detection systems are underpinning the market growth. FMI has projected the market’s valuation to reach US$ 971 Mn by the end of 2031.

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Key Takeaways of Marine Radar Market Study

  • The global marine radar market is projected to expand at a CAGR of ~2.4% by during the forecast period of 2021-2031
  • The U.S. will remain a key pocket for sales, accounting for over 90% of the North America Market based on value in 2021
  • Slump in growth is likely in the U.K. following the pandemic outbreak in 2020. FMI projects the market to record -0.5% Y-o-Y growth in 2021. However, recovery is on cards 2022 onwards
  • Germany will remain a bright spot for sales in Europe, while negative growth is likely in France as well
  • After sluggish return in 2020, sales in both Japan and South Korea market are likely to improve

    “With the increase of naval fleet and quantum of capital investments for navigation and communication systems across regional defence sectors at a healthy rate, the demand of marine radar is expected to be buoyed in wake of the mentioned factor. Furthermore, market is also expected to evolve towards maintenance & services domain for the market participants to extend their business footprint.” says a FMI analyst.

The demand for Marine Radar is expected to grow at moderate rate owing to its increasing consumption in Merchant Marine application. Military Naval is the segment is expected to grow during the forecast period with fastest CAGR. Naval sector plays an important role in structuring command on the marine radar market. China and India are the major target locations for supply of Marine Radar for manufacturers.

Key Segments

Product Type

  • X Band Radars
  • S Band Radars

Application

  • Merchant Marine
  • Fishing Vessels
  • Yacht/Recreational
  • Military/Naval

Region

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

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Who is Winning?

The global marine radar market is equally integrated at global and regional levels. Some of the leading players included in the report are FURUNO ELECTRIC CO., LTD., Northrop Grumman Corporation, Lockheed Martin Corporation, Saab AB, Japan Radio Co. Ltd., BAE Systems, JRC (Alphatron Marine), and Garmin, Raytheon Company, Wärtsilä SAM Electronics Gmbh, Transas Marine International AB and others. To gain competitive advantage in the market, market participants are involved in acquisition activities expansion, merger, and expansion with regards to excessive market growth.

Want to Know More?

Future Market Insights has released a Marine Radar market research report providing the 2016-2020 global industry analysis and the 2021-2031 opportunity assessment. The report provides an in-depth analysis of the Marine Radar Market across various segments, namely the type, application and region of the product. The Marine Radar Market study, along with an overview of the parent market, also provides supply and demand trends.

Key Questions Answered in the Report

Which is the most lucrative market for marine radar?

China currently leads the global market for marine radar. China will continue accounting for more than half of the East Asia market for marine radar through the forecast period.

Which type of marine radar is more in demand?

X Band Radars are highly preferred for many applications. The demand for X Band Radars is expected to remain high in the near future, especially due to its increasing use in various applications in merchant marine and fishing vessels.

Which end-use application is exhibiting high demand for marine radar?

Marine radar are widely used in merchant marine applications. Their usage in fishing vessels and yacht/recreational is rising day-by-day.

Which are some of the leading companies providing marine radar?

Some of the leading companies manufacturing marine radar are FURUNO ELECTRIC CO., LTD., Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Company, Japan Radio Co. Ltd, etc.

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  • Is this research conducted by Future Market Insights?Yes, the research has been conducted by expert analysts of Future Market Insights through a combination of primary research and secondary research. To know more about how the research was conducted, you can speak to research analyst.
  • What research methodology is followed by FMI?FMI follows a methodology that encompasses demand side assessment of the market, and triangulates the same through supply side analysis. This methodology is based on use of standard market structure, methods and definitions. Request detailed methodology.
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  • What are the sources of secondary research?FMI conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
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Ammonium Phosphate Market growth at approximately 3.3% CAGR over the projection period 2029

The projected growth rate of ammonium phosphate market is approximately 3.3% over the course of forecast period (2019-2029). The demand from fertilizers segment remains steady and even surges in emerging economies. Other end-use industries such as electronics and optics are complementing the growth of ammonium phosphate market.

Having exceeded revenues of US$ 40 Bn in 2018, the market is projected to witness the upward growth trend during 2019-2029. Role of ammonium phosphate as firming agent and acidity regulator is driving the market growth. The global ammonium phosphate market is set to exhibit moderate growth at approximately 3.3% CAGR over the projection period.
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Global ammonium phosphate market is invigorated by growing consumption in fire control applications. Despite environmental implications, inordinate utilization of ammonium phosphate in fertilizers will remain prevalent over the forecast period. Farmers are using ammonium phosphate based fertilizers on account of rising need for enhanced yield.

Key Takeaways of Ammonium Phosphate Market Study

  • Fertilizers industry accounts for substantial ammonium phosphate demand.
  • Rising uptake of ammonium phosphate in fire extinguishers is propelling the market growth.
  • Gains in ammonium phosphate market to remain consolidated in Asia Pacific.
  • Europe and North America ammonium phosphate market will witness modest growth through 2029.
  • Demand for organic fertilizers will limit the growth of ammonium phosphate market in developed regions.

Major stakeholders in ammonium phosphate must renew their focus towards Asia Pacific market which continues to remain the growth epicentre on account of heightened demand for fertilizers.

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Asia Pacific Acquires 32.6% Revenue Share in Ammonium Phosphate Market

Demand upsurge for fertilizers owing to increasing population is boosting the ammonium phosphate market in Asia Pacific. The predominant markets for ammonium phosphate are China and India. On that premise, Asia Pacific constitutes approximately 32.6% revenue share in ammonium phosphate market.

On the other hand, consumers in Europe and North America have growing inclination towards organic fertilizers. The ammonium phosphate market growth in these two regions will be relatively sluggish on that account. Moreover, stricter environmental norms in developed economies will hamper the growth of regional ammonium phosphate market.

Geographic Expansion Remains Chief Strategic Tenet of Global Players

The competitive landscape of ammonium phosphate market is consolidated in nature at the global level. However, in certain regions, it remains fragmented with proliferation of SMEs. Key manufacturers featured in this study include, but are not limited to, are OCP SA, Wengfu Group, Yara International ASA, Solvay S.A., Coromandel International Ltd., Lanxess AG, Nutrien Ltd., Jordan Phosphate Mines Company, and Haifa Group.

Premier companies in ammonium phosphate market are focused on geographic and operational expansion for greater market foothold. However, the demand for inorganic fertilizers continues to stagnate in developed economies. Manufacturers thus need to divert their resources towards Asia Pacific market where use of ammonium phosphate based fertilizers is still prevalent.

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More about the Report

FMI’s study offers an in-depth market forecast and analysis on the global ammonium phosphate market. The major categories encompassed by the report include product type (mono-ammonium phosphate, di-ammonium phosphate, and ammonium polyphosphate), application (fertilizers, food & beverages, fire extinguishers, detergents & soaps, and water treatment chemicals) across five regions (North America, Latin America, Europe, Middle East & Africa, Asia Pacific).

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Mobile Device Management Market 2022 | Current and Future Demand, Analysis, Growth and Forecast By 2028

The global mobile device management market is expected to register a CAGR of 22.9% during the forecast period of 2022 to 2028. North America, SEA & others of APAC and China are expected to account for an approximate market share of 50% by the end of the forecast period.

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FMI delivers key insights on the global mobile device management market in its report titled “Mobile Device Management Market: Global Industry Analysis 2013 – 2021 and Opportunity Assessment 2022 – 2028.” With respect to the deployment type of mobile device management, the cloud sub-segment is expected to register the highest growth in the global mobile device management market. Under the mobile device management solution segment, the service management sub-segment is expected to dominate the global mobile device management market throughout the forecast period. On the basis of business size, large enterprises are expected to register the highest market share in the global mobile device management market by the end of the forecast period. On the basis of the vertical type of the mobile device management market, the education industry segment is expected to witness a higher growth rate as compared to other verticals.

mobile device management market

The global annual revenue from the deployment of mobile device management solutions is expected to be valued at US$ 15,899.6 Mn by the end of 2028. The dominant regions, i.e. North America, China, SEA and others of APAC and Western Europe, are expected to collectively account for a majority share of the global mobile device management market. The mobile device management market in Southeast Asia & other Asia Pacific economies and China are likely to dominate the global mobile device management market over the forecast period.

In the coming years, small and medium enterprises are expected to be the top adopters of mobile device management solutions. Mobile device management helps enterprises improve their business functionality and security of data by minimising operating costs and improving productivity. Investments in mobile device management are witnessing significant growth. These factors are expected to boost the mobile device management market across the globe. Furthermore, mobile device management has also been adopted by various governments for securing the data from online predators and other external & internal threats.

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On the basis of FMI analysis, mobile device management is adopted by several organisations in the recent years and many more organisations are expected to adopt this technology in the near future. One of the major factors driving the global mobile device management market is the digital transformation that is gaining traction in manufacturing, retail, IT, education and wholesale industries.

The market in the Southeast Asia and others of Asia Pacific region is expected to present the most attractive opportunities for mobile device management software developers, followed by China. The mobile device management market in SEA and others of APAC is estimated to expand at a significant CAGR in terms of value over the forecast period. Furthermore, the mobile device management market in Latin America is also expected to witness significantly high growth. The market value of mobile device management in SEA and Others of APAC region is projected to register a total incremental opportunity of US$ 1,536.3 Mn. However, by the end of 2028, the North American mobile device management market is expected to continue dominating the global mobile device management market due to the large presence of mobile users as well as a strong platform for the growth of multiple industries in the region.

According to FMI analysis, the launch of advanced intelligent mobile device management by mobile device management providers as well as strategic collaborations, acquisitions and mergers will help increase the overall corporate revenue in the global mobile device management market. Examples of some of the market participants in the global mobile device management market report are VMware, Inc.; Blackberry; Microsoft Corporation; MobileIron Inc.; Citrix Systems, Inc.; SAP SE; IBM; SOTI Inc.; JAMF and Cisco.

COVID-19 Crisis Evaluation

The COVID-19pandemic of 2020 took the world by surprise and completely redefined the way our world functions in the most fundamental ways. People across the world were confined to their homes due to lockdown restrictions and this completely flipped the tide in favor of digital technology which came to the rescue and provided a safe alternative to keep some aspects of economies running without risking the spread of coronavirus.

Digitization and technological proliferation rose exponentially in the pandemic and so did the need for mobile device management as many organizations provided devices to their employees to work from home and managing them were crucial to the security of the organizations.

Key Questions Answered in the Report

  • How big is the mobile device management market?

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Middle East Conveyor Belts Market Revenue to Reach US$ 242.7 Mn by 2026 : FMI

Future Market Insights (FMI) delivers key insights on the Middle East Conveyor Belts in its latest report titled, ‘Conveyor Belts Market: Middle East Industry Analysis and Opportunity Assessment, 2016-2026’. Middle East conveyor belts market is projected to register a healthy CAGR of 4.3% in terms of value during the forecast period (2016–2026). This is attributed to various factors, regarding which FMI offers detailed insights in its report.

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On the basis of product type, the Middle East conveyor belts market has been segmented into metal-reinforced rubber conveyor belt, fabric-reinforced rubber conveyor belt and plastic conveyor belts.

Metal-reinforced rubber conveyor belt segment has been estimated to account for 27.3% value share of the market in 2015 and is expected to register a CAGR of 4.6% over the forecast period.

By cover type, Middle East conveyor belts market has been segmented into conductive conveyor belt, abrasion-resistant conveyor belt, heat- and flame- resistant and oil-resistant conveyor belt. Conductive conveyor belt segment has been estimated to account for 13.5% value share in 2015 and is expected to register a CAGR of 5.7% over the forecast period. However, in terms of value, abrasion-resistant conveyor belt segment is projected to be dominant by 2026, accounting for market share of 37.8%, as compared to heat- and flame- resistant segment, with 28.0% share.

On the basis of application, the Middle East conveyor belts market is segmented into mining, food production industry, commercial, construction industry, electricity generating stations, automotive industry, chemical & fertilisers and packaging industry — among these, mining segment has been estimated to account for value share of 22.9% in 2015, which is projected to decrease to 22.5% by 2026. The commercial segment is projected to exhibit the highest CAGR of 5.5% over the forecast period.

By weight, Middle East conveyors belts market is segmented into lightweight, medium-weight and heavyweight — among these, medium-weight segment has been estimated to account for a value share of 49% in 2015, which is projected to increase to 49.5% by 2026. The lightweight segment is projected to exhibit the highest CAGR of 5.0% over the forecast period.

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Factors Driving the Middle East Conveyor Belt Market

Growth of the Middle East conveyors belts market is mainly driven by increasing adoption of automated production lines across various industries and rising number of construction sites in Middle East region. Other trends driving growth include improvement of belt materials in conveyor systems and government initiatives to encourage local food production in the Middle East. High dependence on raw material imports and low profit margins for manufacturers are certain factors restraining growth of conveyor belt market in the Middle East.

Middle East Conveyor Belt Market: Country-wise Analysis

Turkey has been estimated to dominate the Middle East conveyors belts market, with over 35.0% market share in Middle East region in 2015 and is anticipated to remain dominant by 2026, followed by KSA (The Kingdom of Saudi Arabia) and UAE (United Arab Emirates). Among all the countries in Middle East, KSA market is anticipated to register the highest CAGR over 2016–2026, followed by UAE. This is mainly attributed to increasing demand from construction and mining industry in KSA and increase in number of mining projects such as limestone production in UAE.

Key Players in Middle East Conveyor Belt Market

Key players in the Middle East conveyor belt market include Al Kuwaiti Industrial Solutions, Arabian Universal, Bridgestone Corporation, ContiTech AG (Continental AG), Derby Conveyor Belts Industry and Trade Inc., FaBa Commercial Services, Fenner Dunlop Conveyor Belting, Kale Conveyor, Phoenix Conveyor Belts Systems GmbH, Schieffer Magam Industries Ltd., Semperit AG Holding and Ziligen A.S.

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Major participants are focusing on collaborations and partnerships with service providers to enter into new markets. These key players are also focusing on expanding their offerings and provide end-to-end solutions, which entails conveyor belt manufacturing, service, and maintenance.

Global UV Lamps Market Revenue is Anticipated to Increase from US$ 164.1 Mn in 2014 and Reach US$ 523.8 Mn by 2025

Future Market Insights (FMI) delivers key insights on the global UV lamps market in its latest report titled “UV Lamps Market: Global Industry Analysis and Opportunity Assessment, 2015–2025”. Global UV lamps market revenue is projected to expand at a CAGR of 11.3% during the forecast period due to various factors, regarding which FMI offers vital insights in detail in its report.

On the basis of lamp type, the market has been segmented into UV LED and UV mercury lamp, with the latter representing nearly 90% revenue share of the global UV lamp market in 2014; FMI expects this segment to witness a decline of 27 BPS by the end of 2025.

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UV mercury lamp segment is categorised into low-pressure, medium- pressure and amalgam mercury lamp. Among these, amalgam mercury lamp dominated the UV mercury lamp segment market, accounting for over 40% of the UV mercury lamp market in 2014.

On the basis of end-use application, the UV lamps market is segmented into wastewater treatment, water treatment, air treatment, surface treatment and food and beverages disinfection. Revenue contribution by the food and beverages disinfection segment was over 25.1% in 2014, which is projected to increase to 28.2% by the end of 2025, gaining 309 BPS and expanding at a CAGR of 12.5% during the forecast period.

Water treatment segment is categorised into industrial process water treatment, water treatment, commercial water treatment, residential water treatment, municipal pool and spa, and others. Municipal water treatment sub-segment accounted for the highest revenues in 2014, and this trend is expected to continue through 2025.

Air treatment is further sub-segmented into residential and commercial, healthcare facilities, and others. Among these, residential and commercial sub-segments accounted for bulk of the revenues in 2014; FMI estimates this segment to retain its dominance throughout the forecast period.

Increasing Municipal Infrastructure Investment Driving Adoption of UV Lamps

Growth of the global UV lamps market is mainly driven by increasing municipal infrastructure investment, safety measures through regulations, increasing industrial development and price performance of UV lamps compared to other conventional treatment methods.

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Asia Pacific Excluding Japan (APEJ)was dominant in the global UV lamps market with over 30% market share in 2014, followed by North America with 24.2% market share. APEJ is projected to remain the largest market for UV lamps over the forecast period, driven by increasing municipal infrastructure investment, industrial development and cost-effective solutions offered by UV lamps when compared to the other conventional treatment methods used in the region.

Some key players identified in the global UV lamps market are Trojan Technologies Inc., Xenex Disinfection Services LLC, Xylem Inc., OSRAM GmbH, Koninklijke Philips N.V., Heraeus Holding Gmbh, Calgon Carbon Corporation, Halma PLC, Severn Trent PLC, and Atlantic Ultraviolet Corporation.

Major UV lamp manufacturers in the market are currently focusing on strengthening their partnerships with major UV disinfection equipment manufacturers. In addition, UV disinfection equipment manufacturers are focusing on providing a broad and customised range of UV solutions to cater to the varying and increasing customer demands.

Key Regions 

The global UV lamps market has been sub-segmented into seven major regions which include North America, Western Europe, Asia Pacific Excluding Japan (APEJ), Japan, Eastern Europe, Latin America and Middle East & Africa. APEJ dominated the market with over 30% of the overall UV lamp market share in 2014, while Eastern Europe followed with over 20% market share. In addition, APEJ is anticipated to be the fastest growing region in the UV lamp market in terms of revenue contribution.

Key Segments Covered 

  • UV Lamps Market
    • Lamp Type
      • UV Mercury Lamp
        • Low-pressure Mercury Lamp
        • Medium-pressure Mercury Lamp
        • Amalgam Mercury Lamp
      • UV LED
    • End-use Application
      • Wastewater Treatment
      • Water Treatment
      • Air treatment
      • Surface Treatment
      • Food and Beverages

Key Regions covered:

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

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Edutainment Market 2022 Expectations & Growth Trends Highlighted Until 2032

According to the edutainment industry analysis by Future Market Insights (FMI), the demand registered in the market will increase at a healthy CAGR of 16.1% from 2022-2032.

The report states that the market is expected to reach the valuation of ~US$ 1.8 Bn by the end of 2022. As per FMI, rapid technological advancements and introduction of learning through entertainment have created prospects for edutainment.

Edutainment is helping to improve children’s social skills by using children’s literature, practicing social overtures, and strengthening social & emotional education. It also enhances social-emotional well-being in youngsters by improving teachers’ social-emotional curriculum design and competence.

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The edutainment centers usually appeal to the 8 to 14 age group and their parents. This indicates penetration of deep youth population under the age of 14 in the Asia-Pacific and with rising incomes and expectations, parents are spending more on their children, which is expected to drive the edutainment market growth.

Indoor parks are both within greater reach and more profitable to most developers and operators as compared to outdoor theme parks due to which number of operators are launching new edutainment centers to attract the customers.

Furthermore, in 20th century children used to be much more physically active as compared to the present as they did not have access to video games, handheld gaming devices, computers or the Internet. But especially in recent years, the world is much more socially interactive and sophisticated, however, physical activity is an important habit for a healthy lifestyle. Thus, children and young adults are the most attractive demographics segment in the overall edutainment market.

Key Takeaways: Edutainment Market

  • By gaming type, the explorative segment is anticipated to account for the leading share in the global demand for edutainment during the forecast period. However, the hybrid combination segment is estimated to grow at a robust CAGR of 19.0% through 2032.
  • By revenue source, the entry fees & tickets segment is anticipated to increase at a CAGR of 18.2% between 2022 & 2032.
  • Based on visitor demographics, children (0-12) segment is estimated to witness high growth during the forecast period as most pre-school and kindergarten providers have realized that open-ended play in the right environment helps children develop and learn emotionally, cognitively, socially, and physically.
  • North America is expected to lead the market followed by Europe in 2022. South Asia & Pacific is anticipated to emerge as the fastest growing region between 2022 & 2032.
  • The market in China is expected to progress at a CAGR of around 18.4% through 2032.
  • In India, sales are expected to increase at a CAGR of close 23.6% over the next ten years.

 “The key players of edutainment parks are focusing on investing on adding new features and new rides in the edutainment parks for boosting its capacity to serve customers and for enhancing the customer base” says FMI analyst.  

Inclination towards New Kinds of Edutainment to Propel the Sales

Soft modular play centers, operated on a pay-for-play basis, were the first incarnation of edutainment centers. They were based upon the mistaken idea that indoor, safe, physical play met the play needs of young children. Later centers were bigger and included rides, games, and passive entertainment including animatronics, which was basically more of the same. Some center operators looked to the early childhood education and children’s museum industries.

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Nowadays, new edutainment centers recognizes that all children are not alike, that kids come in different ages and levels of development, and represent distinct genders and cultures and experiences. This generation is based wholly on “actual” reality and high touch. It offers children a place with the tools they need to create their own magical worlds, where their imaginations rule and they can develop their minds, souls and bodies. As a result, the edutainment market is projected to register a noteworthy growth during the forecast period.

Footfall in Edutainment Centers is increasing with Changing Lifestyles

Entertainment choice of consumer are mostly focused on building a personal narrative and memorable experiences. New business models arise as entrepreneurs ride key trends within the market which is creating a dynamic environment for investment, and businesses that strike a chord among consumers and reach a level of scale can expect strong support. In developing markets, growth rates are estimated to be high as incomes of consumers is rising and available free time is increasing. Theme parks/ edutainment parks are also benefiting from rising incomes and the pivot to experience.

Rapid industrialization, increased disposable income and busy working schedules have significantly hampered the lifestyles of customers globally in the past few years. These changes in lifestyles have boosted the preference for spending quality time along with education, entertainment, food & beverages and other fun activities. This is among factors that are encouraging customers to visit edutainment centers for spending their leisure time, as well as for celebrations, adventure experiences, education etc. With these changing lifestyles, edutainment centers are offering more and more modern education and entertainment options for kids under one roof. This is among the key factors responsible for driving the edutainment market across the globe.

More Valuable Insights on Edutainment Market

Future Market Insight’s report on the edutainment industry research is segmented into five major sections – gaming type (interactive, non-interactive, explorative, hybrid combination), facility size(5,000 to 10,000 sq ft, 10,001 to 20,000 sq ft, 20,001 to 40,000 sq ft, and >40,000 sq ft), revenue source(entry fees and tickets, food & beverages, merchandizing, advertising, others), visitor demographics(children(0-12), teenagers(13-18), young adults(19-25), adults(25+)) and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the edutainment demand outlook.

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Laryngoscopes Market Perspective, Comprehensive Analysis, Growth and Forecast 2020-2030 : FMI

The demand for laryngoscopes is rising in response to the increasing incidence prevalence of laryngeal diseases such as laryngitis, larynx cancer, and diseases affecting vocal nodules. According to a new study by Future Market Insights (FMI), the laryngoscopes market is likely to rise at above 5% CAGR between 2020 and 2030. Laryngoscopes help in the insertion of tubes like endotracheal tube and gastric tube. They are used to examine the back of the throat to collect samples as well as help in the indirect visualization process of the vocal chords and surrounding areas.

The rising demand for non-invasive devices for the treatment of laryngeal diseases is driving the laryngoscopes market. Increasing number of doctors and medical professionals are now opting to follow laryngoscopy due to its effectiveness. FMI forecasts this to rise consistently over the course of the forecast period.

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Key Takeaways from Laryngoscopes Market Report

  • The laryngoscopes market to exhibit surging sales as demand rises due to the increasing incidence of vocal or throat related diseases
  • Increasing caution regarding hygiene have resulted in doctors adopting laryngoscopes in order to minimize invasion and contact
  • Reusable laryngoscopes are popular in the market due to their environmentally friendly properties
  • North America is expected to emerge as the leading market for laryngoscopes and is likely to remain dominant through the forecast period
  • While hospitals will continue exhibiting high demand, sales in specialty clinics as well are expected to surge in the coming years

COVID-19 Impact Analysis

The COVID-19 pandemic has disrupted a lot of industries, including the laryngoscopes market. Implementation of lockdowns and ban on transportation have declined production of laryngoscopes. While there has been demand for laryngoscopes from the health industry, shortage of manpower as well as resources have slowed down production.

The market is expected to bounce back following the pandemic due to increasing demand for non-invasive throat treatments. Heightened awareness regarding hygiene due to the pandemic is also expected to boost demand for laryngoscopes. The market is expected to travel at a positive trajectory from 2021.

Who Is Winning?

The laryngoscopes market is mainly dominated by a few key players in the market. Increasing demand and favorable government policies have created opportunities for the entry of new players in the market. Players are now seeking to expand their growth by collaborating and partnering with different companies.

Players have shifted their focus to develop and innovate desgins that ensure better safety and comfort. Key players are now involved in developing laryngoscopes to correct existing errors and deficiencies. This has increased competition among the players to create better and more efficient laryngoscopes.

Some of the key players in the laryngoscopes market are Johnson & Johnson, Pentax Medical Company, Boston Scientific Corporation, Karl Storz GmbH & Co. KG, Fujifilm Holdings Corporation, B. Brain Melsungen AG, Olympus Corporation, Medtronic Plc., Smith & Nephew PLC, Conmed Corporation and Stryker Corporation.

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Why Future Market Insights?

• Comprehensive analysis on evolving purchase pattern across different geographies
• Detailed insights of market segments and sub-segments for historical as well as forecast period
• A competitive analysis of prominent players and emerging players in the keyword market
• Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years

Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

Intrauterine Insemination (IUI) Devices Market Growth Buoyed by Higher Success Rates: FMI Study

The global intrauterine insemination (IUI) devices market has witnessed a marginal slump in 2020, which can be attributed to the ongoing covid-19 outbreak. Restrictions on production facilities, and the redirection of healthcare resources to handle the pandemic has hurt short-term market prospects. However, the long-term prospects of the market remain bullish, with a new study by Future Market Insights (FMI) estimating the market to grow at nearly 3.8% CAGR.

According to the study, despite the steady growth of the intrauterine insemination (IUI) devices sector, strict regulations on fertility treatments, for demographics such as same sex couples in a number of countries hold back market growth.

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The market study by FMI covers an extensive overview of the market, with information on the dynamics of the intrauterine insemination (IUI) devices market. Some of the leading takeaways include:

  • The intrauterine insemination (IUI) devices market size was nearly US$ 35 Mn in 2019, with market growth falling moderately through the duration of the coronavirus outbreak, as lockdown restrictions hurt supply chains, and consumers display lower inclination to adoption.
  • IVF clinics will remain the primary users of intrauterine insemination (IUI) devices, the end user segment is expected to account for more than 55% of the market share over the assessment period.
  • Sperm wash product offerings in the intrauterine insemination (IUI) devices market are highly sought after, driven by higher efficacy in artificial insemination.
  • East Asia will remain a predominant market for intrauterine insemination (IUI) devices, supported by the low costs of healthcare and improvements to technology will boost adoption. Also, South Asia is expected to reflect strong growth owing to numerous domestic players.

“Investments by IVF clinics towards cutting edge fertility technologies in a competitive industry drive the demand for intrauterine insemination (IUI) devices. Changes in laws favoring single parents and same sex couples will support market developments, particularly in developed economies,” said a lead analyst from FMI.

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Covid-19 Impact on Intrauterine Insemination (IUI) devices Market

The coronavirus pandemic has moderately impacted the intrauterine insemination (IUI) devices market, with restrictions on elective healthcare procedures. Also, large scale lockdowns have also affected pricing owing to disrupted supply chains, hindering sales during the crisis period.

Further, manufacturers are pushed to limit or close down production processes, for non-essential applications. The demand for intrauterine insemination (IUI) devices is also likely to be affected by the coronavirus crisis, owing to health risk to pregnancies during this period.

These factors, in addition to a slump in consumer expenditure has hurt market size, and limited investments. However, the market is expected to display recovery towards 2021, with gradual relaxation of lockdown restrictions.

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Who is Winning?

In its latest report, Future Market Insights has provided an in-depth overview of the business strategies that are used in the intrauterine insemination (IUI) devices market. Major market players in the industry have largely invested their resources into product development and launch strategies. Strategic geographical and capacity expansions are also gaining prominence in the intrauterine insemination (IUI) devices market.

CooperCompany Inc., Cook Medical, Kitazato Corp., Rocket Medical Plc, Prince Medical, Gynotec B.V., Surgimedik Healthcare, Medgyn, and MediTech Devices Pvt. Ltd. are some of the more prominent players in the intrauterine insemination (IUI) devices market.