Medical Ventilators Market is expected to exhibit a Robust CAGR of 8.7% during the forecast period 2020-2030

Greater emphasis on ramping up the production to address a sudden increase in demand in the time of COVID-19 pandemic is accelerating the growth of medical ventilators market. The global medical ventilators market was valued at US$ 1.2 Bn in 2019 and is expected to exhibit a CAGR of 8.7% during the forecast period (2020-2030).

Increase in the number of severe cases of life-threatening novel coronavirus (COVID-19) has immensely boosted the demand for medical ventilators. Strong focus of manufacturers and governments on producing more number of medical ventilators is expected to propel the market growth during the forecast period (2020-2030). Growing demand for portable and low-cost medical ventilators creates a significant opportunity for global medical ventilators market players to set their products apart from the competition and expand their businesses.

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Key Takeaways of Medical Ventilators Market Study

  • Sales of critical care ventilators contributed maximum share to the total market value, owing to increasing use in critical care areas of hospitals and other care areas as well.
  • Extensive use of invasive ventilators in the management of chronic respiratory failure is expected to result in a notable share of the segment in the medical ventilators market.
  • Hospital remains top end user contributing more than 38% of total demand, in line with high-quality clinical care and rising number of respiratory disease patients.
  • North America captured notable revenue share of about 30% and is expected to be the most lucrative region for the medical ventilators market during the forecast period.
  • Increasing government funding to boost the medical industry growth in Asian countries is expected to drive growth of the medical ventilators market in the region.

Increasing Production Capacity – Imperative Strategy for Market Players

Manufacturers are now focusing on boosting ventilator manufacturing capacity to meet the urgent global demand due to the coronavirus pandemic. For instance, companies such as Medtronic, Koninklijke Philips N.V., GE Healthcare, and Getinge AB are now rapidly increasing their ventilator production by 40%-60%, to supply ventilators in response to the urgent need across the globe confronting COVID-19.

What does the report cover?

Future market insights offer a unique perspective and actionable insights onmedical ventilatorsmarket in its latest study, presenting historical demand assessment from 2015 – 2019 and projections from 2020–2030 based on product (critical care ventilators, and transport ventilators), by technology (invasive ventilators, and non-invasive ventilator), by end user (hospitals and ambulatory surgical centres, long term care centres, and home care settings) in seven key regions.

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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

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About 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, 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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Key Opinion Leader Management Market 2016: Global Industry Analysis, Size, Share, Growth, Trends And Forecast To 2026

Key opinion leaders (KOLs) are influential, trustworthy thought leaders who are held in high esteem. In the current scenario of the healthcare industry, an organization’s success is related to its ability to build, maintain, and manage relationships with KOLs. KOLs play a crucial role in educating the medical and scientific communities and in building awareness regarding the latest key developments in medical technology. A KOL dashboard is used for identification and monitoring a KOL. KOLs play an important role in the complex and competitive scenario of companies, especially in healthcare marketing. KOLs help in influencing the perception and opinion of various stakeholders in a company.

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Key Opinion Leader Management Market:  Drivers & Restraints

KOL has emerged as an individual business discipline which is similar to CRM. KOL management is an essential component in marketing. Companies experience an increased influence and adoption at the global, national, and regional levels, by managing KOL relationships effectively for the future of company products and market expansion. The most prominent KOLs are usually expensive. KOL management in healthcare is challenging.  Leading KOL physicians are frequently over-marketed to by many sources. Laws such as the Sunshine Act demand transparency and restrict large payments to physician KOLs. KOLs help in critical decisions such as drug prescriptions for their patients, as the KOL physicians advice on specific drugs based on their knowledge.

Key Opinion Leader Management Market:  Overview

KOL management gives a 360-degree view of KOL influence and activity, alongwith the ability to see what KOLs are saying about their products and their competitor products.  KOL performance can also be monitored regularly to check how an influencer aids in product sales, and spending of a KOL. KOLs play an important role for several companies particularly, pharmaceutical companies. A reliable KOL management process, provides benefits such as the ability to reduce cycle time for widening a pool of KOLs, understanding and tracking of campaign effectiveness conducted by an individual KOL, differentiate KOLs based on their influence to alter strategic decisions related to spending and so on.

Key Opinion Leader Management Market: Region wise Overview

Geographically, global key opinion leader management market is classified into regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan, Middle East and Africa (MEA).KOL management involves KOL identification process, ranking methodology, and ability to combine traditional and social footprints of influencers across therapeutic areas, regions and languages. The expenditure on shaping influence is high. Companies need to understand influence as it is a potential marketing tool. KOLs possess a unique credibility, as their validity is important due to years of industry experience and medical affiliations. As a result, healthcare companies particularly in the developed countries of North America and Western Europe have begun relying heavily on KOLs to help establish the knowledge base about their drugs and expand their markets throughout all stages of life-cycle management.

Key Opinion Leader Management Market: Key Players

The key players in global key opinion leader management market are Genpact Limited, KOL, LLC, SAAMA TECHNOLOGIES, Cognizant, RELTIO to name a few.

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

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  •   Comprehensive analysis on evolving purchase pattern across different geographies
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Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

About 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, 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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Allergy Treatment Market: Global Industry Analysis and Opportunity Assessment 2016-2026

An allergy is a heightened sensitivity of immune system.  Allergy occurs when a foreign substance which is harmless in nature reacts with immune system. These foreign substances are called allergens. Some of the allergens that affect the immune system are dust mite, animal dander, cockroach, pollens and mold. Dust mite, animal dander and mold can cause indoor allergy problems. Allergy can be of various types such as eye allergy, Rhinitis, asthma, skin allergy, etc. According to the World Allergy Organization, approximately 30-40% of the world population was affected by allergic condition in 2011. Severe allergy can be life threatening in some patients as allergy severity reduces the function of organs such as allergic asthma causes the poor lungs function. 

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Allergy Treatment Market: Drivers and Restraints

Globally, increasing patient population with various type of allergies, changing life style and environment pollution is increasing, which drives the global allergy treatment market. Increasing number of patients with various allergies such as skin allergy, eye allergy, Rhinitis, asthma, etc., changes in dietary habits, rising demand for advanced therapy for allergy treatment, increasing research and development activities, government initiative, are some of the factors that drive the growth of the global allergy treatment market. However, high cost of immunotherapy for allergy treatment and side effects from immunotherapy act as a restraint in the global allergy treatment market.

Allergy Treatment Market: Overview

Allergic diseases occur due to hypersensitivity of the immune system towards environment that usually causes minute problems in most individuals. These allergic diseases includes food allergy, allergic asthma, hay fever, atopic dermatitis and anaphylaxis. Symptoms for these allergic diseases are runny nose, an itchy rash, shortness of breath, red eyes, swelling and some more. Such allergies are treated by avoiding known allergens, immunotherapy and by the use of medications such as antihistamines and steroids. In industrialized countries, allergic diseases are more common as compared to the countries that are more agricultural or traditional and it is noticed that there is a lower rate of allergic disease in rural populations versus urban populations.

Allergy Treatment Market: Region- wise Outlook

Depending on geographic regions, global allergy treatment market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan and Middle East & Africa. North America followed by Europedominates the global allergy treatment market due to increasing number of patients with various type of allergies including respiratory allergy, skin allergy, eye allergy, etc. growing environmental pollution, developed healthcare infrastructure and growing demand for immunotherapy for treatment of allergies in these region. Asia-Pacific is the fastest emerging market for global allergy treatment due to growing allergic patient population, increasing awareness about advanced immunotherapy for treatment of allergies available in the market, developing healthcare infrastructure and rising government spending in healthcare industry in this region.

Allergy Treatment Market: Key Players

Some of the key market players in global allergy treatment market are Allergy therapeutics, Allergopharma, Allergon AB, Alerpharma S.A, Allergan, Inc., Genentech Inc., Schering-Plough Corporation, McNeil Consumer Healthcare, Collegium Pharmaceutical, Inc., Meda Pharmaceuticals, Inc, Sepracor, Inc. and Vicks. Currently, the companies which operate in allergy treatment, are entering into mergers and acquisition with other companies to expand its allergy treatment business. For instance, in June 2015, Allergy Therapeutics acquired Alerpharma S.A, a Spanish company develops and now offers allergy immunotherapy products and services to expand its allergy immunotherapy business. In addition, In November 2015, Pfizer Inc., a multinational pharmaceutical corporation entered into a merger with Allergan PLC, a pharmaceutical company to capture more market share in the drug industry.

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

The report covers exhaustive analysis on:

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

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Regional analysis includes:

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

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

Allergy Treatment Market: Segmentation 

Global allergy treatment market is further segmented into following types:

  • By Allergy Type
  • Eye allergy
  • Rhinitis
  • Asthma
  • Skin allergy
  • Other allergy
  • By Allergy Treatment Type
  • Anti-allergy medicine
  • Antihistamines
  • Corticosteroids
  • Decongestants
  • Mast cell stabilizers
  • Other medicines (Leukotriene, Calcineurin, Cromoglicate, Anti-IgE)
  • Immunotherapy

Global allergy treatment market is further segmented into End User

  • Hospital
  • Clinics
  • Medical store
  • Home use
  • Others

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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

Remote Patient Monitoring Devices Market Growth Trends, Key Players, Competitive Strategies and Forecasts to 2026

Remote patient monitoring devices supports in monitoring of patient’s physical condition. Patient does not need to visit the medical practitioner. Digital technology is used in remote patient monitoring devices to gather health and other forms of medical data to securely pass on to healthcare providers situated at different location for clinical review. The accuracy of remote patient monitoring devices allows reliable diagnosis, leading to a more specific and efficient treatment. Remote patient monitoring devices helps to reduce costs of hospital stays by continuing to monitor patient condition, irrespective of patient location and also it helps to reduce overcrowding at clinics and diagnostic centers. Remote patient monitoring devices systems are used for continuously monitoring important physiological parameters like, heart activity, body temperature, blood pressure, pulse rate and other clinical conditions. Remote patient monitoring devices is based on real time data sharing which helps physicians to take vital decisions to ensure better patient treatment. Physician and healthcare providers are extending the use ofremote patient monitoring devices to enhance the excellence of patient care and reduce expenses by prognosis.

Remote Patient Monitoring Devices Market: Drivers & Restraints

Remote patient monitoring devices market is fueled by great technological advancements. The increasing incidence and prevalence of chronic diseases like heart conditions and diabetes requires compulsory life-long monitoring will also contribute to remote patient monitoring devicesglobal market. Increase in geriatric population around the globe is leading to enhanced global market forremote patient monitoring devices. Awareness among the medical practitioners and improved private sector and government involvement in remote patient monitoring devices is supporting the global market for remote patient monitoring devices dwell in developing countries. Deficiency of trained and expert professionals are hampering the growth of remote patient monitoring devices.

Remote Patient Monitoring Devices Market: Overview

Increased technological improvement, rise in the incidence and prevalence of chronic diseases along with increase in aging population, enhanced demand for remote monitoring, private sector and government involvement in remote patient monitoring devices, the global market for remote patient monitoring devices market is expected to have a healthy growth rate in the forecast period (2016-2026).

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Remote Patient Monitoring Devices Market: Region-wise Outlook

Depending on geographic regions, global remote patient monitoring devicesmarketis segmented into seven key regions: North America, Latin America, Eastern Europe, Western Europe, Asia Pacific Excluding Japan, Japan and Middle East & Africa.

North America is the leading global remote patient monitoring devices market due to the high volumes of surgical procedures being performed. Also, the availability of established healthcare infrastructure, high influence of healthcare to economy are the reasons for the high demand in North America. Europe is also a lucrative market for remote patient monitoring devices due to rapid technological advancement in terms of healthcare sector. Asia Pacific market is expected to grow at a good rate as compared to NA and Europe as there is ample market opportunity in countries like India and China due the large population.

Remote Patient Monitoring Devices Market: Key Players

Some of the key participating global remote patient monitoring devicesmarketare Hoffmann-La Roche Ltd., AMD Global Telemedicine, Honeywell International Inc., Omron Healthcare, Smiths Medical, Medtronic, and others.

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

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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

About 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, 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.

Contact Us:
Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
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Electrical Enclosure Market Is Expected To Reach US$ 10,370.0 Mn By The End Of 2028 : FMI Study

[451 Pages Report] The global Electrical Enclosure market is estimated to have been valued at US$ 6,161.0 Mn at the end of 2017 and is expected to reach US$ 10,370.0 Mn by the end of 2028 while expanding at a CAGR of 4.9% over the forecast period. The global Electrical Enclosure market is anticipated to represent incremental opportunity of US$ 3,940.2 Mn between 2018 and 2028. Some of the end-use applications considered in this report on electrical enclosures include industrial, commercial and residential sectors

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China is estimated to account for a value share of 37.1% in the global electrical enclosure market by 2018 end and is anticipated to retain its dominance throughout the forecast period. In this report, Future Market Insights throws light on the various drivers and restraints likely to impact the revenue growth of the market during this period.

Some of the end-use applications considered in this report on electrical enclosures include industrial, commercial and residential sectors. The global Electrical Enclosure market is estimated to have been valued at US$ 6,161.0 Mn at the end of 2017 and is expected to reach US$ 10,370.0 Mn by the end of 2028 while expanding at a CAGR of 4.9% over the forecast period. The global Electrical Enclosure market is anticipated to represent an incremental opportunity of US$ 3,940.2 Mn between 2018 and 2028.

Rapid Growth of Renewable Power Generation Key Growth Driver

Most of the end-users are now shifting their focus to alternative forms of power or energy rather than depending on energy generation by fossil fuel-operated power generators. These alternative forms of energy – for instance, wind power, solar power, and other forms of renewable energy are gaining popularity among all types of end-users.

Additionally, carbon emissions and dependency on fossil resources are increasing day by day. Thus, to control this dependency, the usage of renewable energy sources such as wind and solar energy is likely to be the new trend in the energy and power industry.

The establishment of these power generation facilities will increase the demand for electrical enclosures in the upcoming years. Many countries such as the U.K. and Germany among others are planning to adopt renewable energy sources, which is expected to further increase the demand for electrical enclosures for transmission and distribution.

Capacity Addition Plans and Installation of New Grids to Power the Electrical Enclosure Market

The governments of various countries have planned to make huge investments in numerous projects to provide better electricity services. For instance, the government of Russia has devised plans such as the GOELRO plan, Russian SFSR Electrification Plan, and Railway Electrification Plan among others, for establishing new power grids to provide electricity in the rural areas of the country.

These plans are being supported by the State Commission for Electrification of Russia. Also, the government is focussing on installing new transmission lines to create a national grid and also to develop railway electrification, which will, in turn, boost the demand for electrical enclosures. These planned investments across various sectors such as infrastructure, power, and railways among others, will drive significant growth in the electrical enclosure market.

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Need for Integration of Grid Infrastructure

Increasing transmission and distribution activities across the globe have increased the demand for installations of enclosures, which in turn, is driving the market of electrical enclosures. Transmission and distribution expansion, along with urbanization, is necessary for the development of the industrial and manufacturing sectors.

Some countries, such as GCC countries and Turkey have the potential to become the hub for many manufacturing industries, which will increase the demand for electrical enclosures owing to rapid industrialization. By material type, metallic enclosures will witness supreme demand as they have a longer life and reduce the risk of fire hazards. Climate control enclosures can work in extreme climatic conditions and are ideal for use in several regions, thereby driving demand in the global market.

Segmentation Analysis

The electrical enclosure market is segmented based on product type into junction enclosure, disconnect enclosure, operator interface enclosure, environment, and climate control enclosure, and push-button enclosure.

Based on product type, the junction enclosure segment is anticipated to continue to dominate the global market in terms of value over the forecast period. The junction enclosure segment is estimated to grow at a relatively high CAGR as compared to other types over the forecast period. It is expected to represent a total incremental opportunity of US$ 1,691.2 Mn between 2018 and 2028.

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Regional Market Projections

The electrical enclosure market in China is expected to represent a significantly high incremental opportunity between 2018 and 2028, while the North American electrical enclosure market is projected to expand at a significant CAGR in terms of volume over the forecast period. Sales of electrical enclosures in North America are expected to represent a total incremental opportunity of US$ 523.3 Mn between 2018 and 2028.

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Global vibrating screen market is estimated to increase at a CAGR of ~7.6% During 2028: FMI Study

[295 Pages Report] Sales in the global vibrating screen market are slated to top US$ 1.37 Bn in 2022. Expanding at a healthy 7.6% CAGR, the market size is projected to total US$ 2.3 Bn by 2028.

Future Market Insights (FMI), in its latest research, evaluates the vibrating screen market which includes global industry analysis 2014–2018 and opportunity assessment 2019–2029. The report investigates the vibrating screen market and provides critical insights for the forecast period of 2019-2029. As per the research, the global vibrating screen market was valued at ~ US$ 1 Bn in 2018, and is estimated to increase at a CAGR of ~7% between the forecast period of 2019 and 2029.

The Battle between Polymeric Integration and Ebbing Demands

Vibrating screens made of polyurethane materials are ideal for grading, dehydration and processing of coal, iron ore, gold and other minerals on account of their ability to separate most of the materials from coarse stones to granular materials, making them a perfect fit for both dry and wet materials.

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Upswing in mining processes to suffice the requirement for precious metals and hard rock minerals as well as in construction activities to build infrastructure assets is the messiah of pain points of the global vibrating screen market, suggests FMI. On the contrary, the growth trail will get hindered by tumbling mining operations on grounds of environmental amendments to curb carbon footprint and high attrition rate among miners due to on-site adversaries.

Vibrating screens have been hitting the mark with innovations over the years as sieving equipment in grading and screening of the required material, which would have been otherwise impossible. FMI’s study suggests that major market players are including add-ons to the existing and new equipment for better screening efficacy and elongated life-cycle.

Demand for Circular Vibrating Screens in Mining Industry to See an Upturn

Circular vibrating screens are inundating more than half of the market revenues, as per FMI’s study. The mining industry, including coal mines, and quarrying sites, is leveraging circular vibrating screens owing to their ability to classify materials with large specific gravity, large particles and great rigidity. The exciter of circular vibrating screens is mounted above the center of gravity of the screen box and the upper tip of elliptical long axis of the feeding end is positioned towards the leakage direction, which results in higher processing capacity per unit time than that of its linear counterpart.

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On the flip side, the complexity of shakers and fast-rate rotation of the two shafts in linear vibrating screens imply high fueling demands. Further, the FMI’s study finds that linear vibrating screens are chiefly utilized for classification of fine particles, light weight, and low stiffness materials, making them suitable for industries such as, building materials, chemical, and pharmaceutical.

Market Taxonomy

The global vibrating screens market is segmented in detail to cover every aspect of the market.

By Product Type

Linear Vibrating Screens Circular Vibrating Screens Elliptical Vibrating ScreensBy Drive Type

Direct Drive Indirect DriveBy End-Use Industry

Construction Mining Recycling Others (Iron & Steel, Power, etc.)By Region

North America Latin America Europe East Asia South Asia Oceania Middle East & Africa Emerging Countries China Australia SerbiaManufacturers showing Stauncher Inclination toward Direct Drive System

As per the FMI’ report, adoption of direct drive system in vibrating screen accounts for more than 50% of the market revenues owing to the absence of gearboxes and belts in the design, which results in lesser wear and tear between the components. The direct drive system is cost-efficient as the moving parts in the operation and framework are less complicated. For noise abatement, the direct drive system comes up with simple arrangement and lesser moving components which may vibrate during mechanism. Furthermore, the reduced number of kinetic parts prevent easy loss of energy due to friction, enabling better efficacy, improved accuracy and increased life-cycle of the vibrating screen components. The indirect drive system, on the other hand, is subjected to friction between constituents including, gears, couplers, and pulleys, implying decreased efficiency and precision.

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About Industrial Automation Division at Future Market Insights

The Industrial Automation & Equipment division at FMI adopts a novel approach and innovative perspective in analyzing the global machinery and industrial automation market. A range of FMI’s market research reports offer comprehensive coverage of capital, portable, process, construction, industrial, and special purpose machinery used across manufacturing sector. The team also conducts distinctive analysis about installed base, consumables, replacement, and USP-feature application matrix, making us a prominent voice of authority in the industry. We are associates of choice for established as well as budding industry.

This study tracks the growth of global Vibrating Screen Market over the course of 2019-2029. For more insights, write to the analyst at press@futuremarketinsights.com

Odour Control System Market Study: Opportunities to Remain Concentrated in Chemical & Petrochemical Industry

The newest market research study by Future Market Insights on odour control system includes the global industry analysis for 2014–2018 and market forecast for 2019–2029. The study observes the odour control system market and offers detailed perceptions for the forecast period of 2019-2029. According to the analysis and study done in the report, the global odour control system market is anticipated to observe prominent progress, due to increasing adoption in the chemical industry.

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The odour control system market is estimated to be valued at ~ US$ 1 Bn in 2019, and is projected to increase by ~ 5% CAGR during the forecast period of 2019-2029.

The odour control system market has a high potential to grow in regions such as Asia Pacific Excluding Japan (APEJ) and North America. Significant innovations with incorporation of advanced technologies meeting regulations are expected to emerge as a product differentiator in the odour control system market.

Installation of hybrid odor control systems and demand for advanced and cost-effective odour control system from various industrial and government entities have increased significantly. This growing demand for progressive products generates pressure on manufacturers to deliver technologically-advanced and unique product offerings. Thus, technological advancements have led to noteworthy investment in research and development by manufacturers. Manufacturers in the odour control system market are constantly focusing on developing unique technologies, which help them differentiate their products and earn a competitive edge.

Odour control systems play a crucial role in wastewater and solid waste treatment facilities. Individual odour control systems can be installed at various locations in a single wastewater treatment facilities, or a centralize system could be installed for low capacity plants. Increasing investment for the effective and efficient waste management, establishment of new plants and capacity increase of existing facilities, and also  growing intolerance towards odours, are factors expected to increase the demand for odour control systems in near future.

Japan to Provide Noteworthy Growth Opportunities for Manufacturers

The ongoing technological advancements and progression in investment for the storm water management projects and wastewater treatment facilities are expected to grow significantly over the forecast period. Odour control system manufacturers are focusing more on improving their market structures and offerings in the region. Emphasis on trade balance and increasing production by strengthening the manufacturing sector is currently the prime motive of the government in Japan. Also, the adoption of ‘best available technique’ is prominent in the country, which is likely to propel the demand for advanced odour control system.

Japan has large installed base of odour control systems which are likely to get regular up gradation and replacements. Considering the average life of the odour control systems and the install base, the market in Japan is estimated to surge in next few years.

For the global odour control system manufacturers, Japan is projected to be a prominent market throughout the forecast period, owing to the increasing consumption and production of odour control systems across several industries.

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Chemical & Petrochemical Industry to Capture Prominent Share

The division of the global odour control system market has been done on the basis of application, along with six regions.

  • High application potential of odour control system is identified in chemical & petrochemical industry. These industries produce odorous compounds such as hydrogen sulfide, ammonia,mercaptansand several others.The air contains odorant molecules, which must be treated to avoid corrosion and to comply with environment regulations, hence mandating the use of odour control systems in chemical & petrochemical industries.
  • Waste treatment and disposal plants are a major source of odour emission. The effluents and vapors coming from these sources are of different and unpredictable composition. Hence, it becomes a necessity to install a combination of odour controls systems at these locations, thereby potentially influencing the market growth.

Odour Control System Market: Vendor Insights

The global odour control system report emphasizes on some of the principal industry players. Some of the key players include Babcock & Wilcox Enterprises, Inc., CECO Environmental., Anguil Environmental Systems, Inc., Evoqua Water Technologies LLC, Scotmas Limited, Ecolab Inc., Tholander Ablufttechnik GmbH,among others.

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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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Fiber Laser Market to Grow At 11.1% CAGR; Increasing Demand for Fiber Laser Welding Equipment from Automotive Industry will Drive Growth: FMI

[145 Pages Report] The fiber laser market will register positive growth with the overall valuation forecast to surpass US$ 3.1 Bn in 2021. The market’s worth will increase at a compound annual growth rate (CAGR) of 11.1% between 2021 and 2031.

Global sales are expected to rise at 10.7% in 2021 after a period tepid growth in 2020. With shipments reaching nearly 115,000 units, FMI presents a positive growth outlook for the market.

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FMI also predicts that the IPG Photonics Corporation hold around 50% of global market share, TRUMPF GmbH Co. KG holds 17% of global market share, Lumnetum Operations LLC AG holds 8%, Wuhan Raycus Fiber Laser Technologies Co. Ltd holds 9%, and Fujikura Ltd holds 4% of global market share in 2021.

The global sales of fiber lasers are expected to increase by year-on-year growth of 10.7% in 2021 generating sales revenue of just over US$ 3.1 Bn. Future Market Insights (FMI) expects fiber laser market to grow at healthy pace with overall sales volume reaching 115,000 Units by 2021 end. Product innovation initiatives are expected to emerge as the key trend shaping fiber laser sales.

Fiber laser technology has improved by leaps in terms of spectral coverage, output power, and ultra-short pulse width for past few years. Owing to rapid technological advancement, the area of application of fiber lasers has extended to healthcare, defense, and military domain.

Growing research and development activities towards designing high beam quality, environment friendly and low cost fiber lasers are the key growth drivers. Increasing government initiatives towards promoting green manufacturing along with initiation of Industry 4.0 will positively influence the market growth over the assessment period.

Rising adoption of novel materials and increasing concern among material manufacturers regarding its environmental impact across broad spectrum of end users is pushing manufacturers to use fiber lasers for cutting and marking applications, thus driving the market growth.

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Introduction of automation in fiber laser market is expected to replace traditional operations like chemical etching and ink based printing that is used for machine marking. They are easy to use and digitization has made them compact and ideal for high power applications. These factors are expected to propel the sales of fiber lasers in the upcoming decade.

Increasing demand for high process speed for welding of thicker sheets of highly thermal conductive metals and growing efforts towards improving overall efficiency and flexibility of fiber laser will drive the market growth in upcoming years.

Fiber laser is experiencing swelling demand from aerospace industries as it offers superior beam quality, flexibility, and control over heat generation in the core through its adjustable laser geometry. Increasing use of modern fiber lasers in various material processing applications will fuel the sales through 2031.

Incorporation of fiber lasers with 3D printing for effective material deposition will further boost the market growth. Market players are focusing on developing energy efficient processes to minimize material consumption and lower the operational cost of fiber lasers. Fiber laser welding are used in manufacturing of low cost and highly reliable batteries for electric vehicles. These factors will aggrandize the market growth over the decade.

Key Takeaways from FMI’s Fiber laser Market Study

  • North America fiber laser market is forecast to grow at 10.9% CAGR through 2031, backed by rising industrialization and increasing production of consumer electronics in the country.
  • Increasing production of electric vehicles and presence of leading semiconductor wafer manufacturing companies will support European laser fiber market to grow at 10.2% CAGR over the forecast period.
  • China is expected to offer lucrative growth opportunities owing to favorable government policies to boost the manufacturing industry and increasing demand for fiber laser marking system in e-commerce sector in the country.
  • South Korea and Japan account for 10% of global fiber laser market share in 2021. Growing emphasis towards miniaturization of electronic components is the key growth driver in these countries.
  • IPG Photonics Corporation, TRUMPF GmbH + Co. KG, Lumnetum Operations, LLC, Wuhan Raycus Fiber Laser Technologies Co., Ltd. and Fujikura Ltd. are the top five market players and they collectively account for 90% of global market share in 2021.

“Quasi continuous wave fiber laser will remain highly sought-after owing to its ability to generate high peak power and high reliability, while welding dissimilar metals and metals with high thermal conductivity,” says the FMI analyst.   

Who Is Winning?

In order to expand their global reach, leading market players are focusing towards diversifying the product portfolio by introducing new products into the market. They are actively collaborating with existing players to gain maximum market share.

For instance, Furukawa launched new industrial fiber laser in July 2021. The new laser has high beam quality, time stability and high efficiency.

In 2016, Domino introduced “F720i” high performance fiber laser at PackExpo in U.S. It is designed to create legible and durable codes on aluminium beverage cans. With high IP rating, the new system is capable of withstanding harsh production environments and fulfills high speed coding requirement of beverage canning segment.

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Coherent Inc. completed the US$ 942 million acquisition of Rofin-Sinar Technologies in 2016. Coherent Inc. is world’s prominent providers of lasers and laser-based technology for commercial, scientific and industrial customers and this acquisition will assist the company to expand their product portfolio.

Prominent players operating in the fiber laser market are:-

  • IPG Photonics Corporation
  • TRUMPF GmbH + Co. KG
  • Maxphotonics Co. Ltd.
  • Coherent Inc.
  • Newport Corporation
  • Wuhan Raycus Fiber Laser Technologies Co. Ltd.
  • Lumentum Operations LLC
  • Fanuc Corporation
  • Furukawa Electric Co. Ltd.
  • Keopsys S.A.
  • Fujikura Ltd.
  • NLIGHT Inc.

Produced Water Treatment Systems Market Fuelled by Strong Demand in North America : FMI

[235 Pages Report] The global produced water treatment systems market is estimated to be worth around US$ 4.29 Bn in 2022. With rising oil and gas activities across the world, the overall market is projected to grow at a CAGR of 5.8% between 2022 and 2029, surpassing a valuation of US$ 6.38 Bn by 2029.

Future Market Insights (FMI) offers an overview of the key technologies used in produced water treatment systems in its research report. The report titled, “Produced Water Treatment Systems Market: Global Industry Analysis and Opportunity Assessment 2022-2029, forecasts the market to amplify at a compound annual growth rate (CAGR) of over 5.8% during the forecast period.

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FMI has segmented the produced water treatment systems market on the basis of technology into primary, secondary, and tertiary.

Primary treatment technologies employ basic, such as settling, media filtration, floatation, and biological aerated filtering to separate solids from water. According to FMI’s research, Alderley plc is one of the dominant players in the primary treatment technologies.

Secondary treatment technologies involve the use of induced gas floatation, degasser, and membrane separation. Twin Filter BV is a dominant company providing secondary treatment technology in the market.

Tertiary treatment technologies involve the use of absorption and polishing to separate oil content in produced water. These technologies use a combination of technologies to treat produced water. According to FMI, ProSep, Inc. is the dominant player in tertiary treatment technology.

FMI has analysed the produced water treatment systems market in North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

North America is the most lucrative region in the global produced water treatment systems market, accounting for nearly one-third of the global market revenue. In terms of CAGR, the North America produced water treatment systems market is expected to expand at over 8% during the forecast period 2014-2020.

In terms of market share, North America is expected to gain 590 BPS during the forecast period. FMI’s analysis revealed that although all three technologies are widely used in North America, tertiary technology was the largest in terms of market revenue, accounting for US$ 574 Mn in 2014. FMI expects the tertiary technology segment to expand at a double-digit CAGR during the forecast period.

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Tertiary technology is more effective than both primary and secondary technology, owing to which it is being widely adopted by end-use industries. The tertiary technology segment of North America is expected to gain a whopping 1310 BPS during the forecast period.

Onshore crude oil industry in North America represented 49.14 Bn barrels or nearly 80% of produced water in 2012. FMI expects this to reach 116.29 Bn barrels by the end of 2020.

Asia Pacific is the second largest market for produced water treatment systems after North America. The Asia Pacific produced water treatment systems market was worth US$ 960 Mn in 2014; FMI expects it to expand at a CAGR of over 2.8% during the forecast period 2014-2021.

FMI has segmented the competitive landscape of global produced water treatment systems market into treatment systems, mobile systems and rental service, and commissioning and consulting services.

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Leading players in the treatment systems include Siemens Water Technologies, Alderley plc, Frames, Aker Solutions, Aquatech, Schlumberger, FMC Technologies, Veolia, Cetco, Eco-Tec, Thermoenergy, Ecosphere, MIOX, Ovivo, and Global Water Engineering.

Most of these companies are focusing on their USP to consolidate their position in the market. For example, Siemens is focusing on advanced biological wastewater treatment, whereas Aquatech is pushing low CAPEX and OPEX biological processes. Aker Solutions is aiming to appeal to end-use industries by providing end to end engineering solutions, whereas Veolia is known for its offshore produced water expertise.

Lead Acid Battery Markets India is set to surge at around 6% CAGR over the next ten years.

The lead acid battery market valuation is expected to reach US$ 54.3 Bn in 2021. Future Market Insights (FMI) analysis has forecast the lead acid battery sales to increase at 5.2% CAGR between 2021 and 2031. According to the study, the overall market valuation will top US$ 90.5 Bn by 2031.

As per FMI, the demand for AGM battery is expected to increase at a high pace, exhibiting 6.2% CAGR in 2021.

According to the market analysis by Future Market Insights, expansion of automotive production facilities to cover rural and other remote areas has led to the increasing demand for lead acid battery. Rapid technological advancements in production technologies are also projected to complement market growth over the coming years.

Demand for lead acid battery is increasing with the rise in the volume of vehicle fleet in recent years. This can be attributed to an increase in aftermarket sales in regular interims for battery replacement.

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The growing requirement has led to mass production and has increased importance of process automation in the lead acid battery market. The market is shifting towards industry 4.0 s, leading to the universal adoption of new production technologies.

There also is an increasing demand from other industries for deployment of lead acid battery. Increasing number of players focusing on research and development related to lead acid battery is anticipated to have a significant contribution towards market growth in the years to come.

Global Lead Acid Battery Market<br /><br />

Key Takeaways from Lead Acid Battery Market Study

  • Flooded battery is projected to hold over 49% of the global market share in 2021 in terms of product type, supported by superior configurations.
  • Transportation is projected to hold over 56% of the overall market share as leading segment in terms of application by 2031-end, supported by increasing investments in electric vehicles production.
  • China will remain a chief market, backed by rising demand from the automotive industry. It is expected to account for over 57.3% of demand registered in East Asia in 2021.
  • The markets India is set to surge at around 6% CAGR over the next ten years.
  • Germany is emerging as a key market in Europe, accounting for over US$ 2,509.4 Mn in 2021, driven by expansion of the automotive industry.

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“The lead acid battery market is growing at a strong pace, driven largely by increasing demand for energy efficient solutions across automotive sector. The increasing demand for electric vehicles will create extensive opportunities for manufacturers. Key industry participants have been focusing product diversification to offer energy efficient solutions and gain a competitive advantage,” says a Future Market Insights analyst

Global Lead Acid Battery Market Competitive Landscape

The lead acid battery market is highly competitive at regional as well as global levels, and highly consolidated in nature. These players are likely to invest in new technology developments and expansion of their networks in order to maintain their market shares.

Some of the key players in this industry include but are not limited to Furukawa Electric Co., Ltd., Narada Power Source Co. Ltd., Clarios, Leoch International Technology Ltd., Enersys, Exide Industries Ltd., GS Yuasa Corporation, East Penn Manufacturing Co., Chaowei Power Holdings Limited., and others.

Global Lead Acid Battery Market Scope of Report

Attribute Details
Forecast Period 2021-2031
Historical Data Available for 2016-2020
Market Analysis USD Million for Value
Key Countries Covered US, Canada, Germany, U.K., France, Italy, Spain, Russia, China, Japan, South Korea, India, ASEAN Countries, Australia & New Zealand, GCC Countries, Turkey, and South Africa
Key Segments Covered Product Type, Application, Sales Channel and Region
Key Companies Profiled Furukawa Electric Co., Ltd.Hitachi Chemical Company, Ltd.Narada Power Source Co. Ltd.SiteTel Sweden AB (NorthStar)ClariosLeoch International Technology Ltd.Yokohama Batteries Sdn. Bhd.EnersysExide Industries Ltd.GS Yuasa CorporationHoppecke Batterien GmbH & Co. KG.Crown Battery CorporationC&D Technologies, Inc.Coslight Technology International Group Co. Ltd.East Penn Manufacturing Co.Chaowei Power Holdings Limited.Zhangzhou Huawei Power Supply Technology Co., Ltd.B. B. BatteryCamel Group Co., Ltd.Shandong Sacred Sun Power Sources Co. Ltd.
Report Coverage Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing Available upon Request

Find More Valuable Insights in Global Lead Acid Battery Market

The research report analyzes demand for Lead Acid Battery. The global Lead Acid Battery market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends and market background. As per Future Market Insights, the market has been analyzed on the basis of product type, power source, and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, supply side and demand factors.

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About Industrial Automation Division at Future Market Insights

The Industrial Automation & Equipment division at FMI adopts a novel approach and innovative perspective in analyzing the global machinery and industrial automation market. A range of FMI’s market research reports offer comprehensive coverage of capital, portable, process, construction, industrial, and special purpose machinery used across manufacturing sector. The team also conducts distinctive analysis about installed base, consumables, replacement, and USP-feature application matrix, making us a prominent voice of authority in the industry. We are associates of choice for established as well as budding industry