Market Research Blog – Page 1427 – New Product Development

Liquid Egg Market to Surpass USD 9,791.7 Million by 2033, According to Future Market Insights Inc.

As per the previous market survey reports, the net value of total liquid eggs sold globally in the year 2022 was US$ 5,095.3 Million. Experts at FMI estimate that the liquid eggs market (Markt für Flüssigeier) could be worth around US$ 5,304 Million in 2023. Further, the market is anticipated to record a CAGR of 6% between 2023 and 2033 to reach a valuation of US$ 9,791.7 Million.

The growing awareness of plant-based protein has led to a surge in demand from the food and beverage sector for liquid eggs. Consequently, many companies are now adding liquid eggs to their packaged foods and beverages to enhance product quality and gain a competitive advantage

Eggs in liquid form that are, ready-made, convenient to prepare, and healthful is a new customer favourite all over and have created a sustaining market around the world. Eggs are traditionally one of the popular meals consumed worldwide and the liquid egg industry is hoping to capitalize in this space.

The reasons propelling the rise of the global liquid egg market include expanding sustainable packaging alternatives, and the expansion of the food service. Recent product innovations in light of advancing pharmaceutical and cosmetic industries are also poised to create higher demand for liquid eggs through 2033.

Key Takeaways:

The global demand for liquid eggs is poised to experience an absolute increment of US$ 4, 487.7 Million over the next ten years.
The overall market witnessed some downturn during the pandemic years and the average CAGR during the years 2018 to 2022 was 3.1%.
The United States is known for its higher consumption of liquid eggs in comparison to any other country. In 2022, the net value of total liquid eggs sold in the country was figured out to be 34% of the global value.
In Europe, Germany is the leading supplier of liquid eggs and contributed to nearly 15% of the global revenue share. Meanwhile, the consumption of liquid eggs in the United Kingdom is growing at a faster rate. The overall market in the United Kingdom is projected to capture an average CAGR of 9% through 2033.
In the Asia Pacific region, Japan and Australia contributed almost 1.3% and 1% of the global market share in 2022. While the demand for liquid eggs in China and India is expected to grow at an average rate of 8.9% and 7.8% respectively through 2033.
Based on the product type, whole eggs constitute the dominant segment which acquired a revenue share of 31% in 2022.
Among different sources for liquid egg production, the conventional segment contributed 59% of the demand in 2022.
Based on various forms of liquid eggs, the frozen segment is the most preferred category among consumers, which generated a 45% revenue share in 2022.

Competitive Landscape:

With an expansion of small and middle-sized firms making liquid eggs accessible to consumers worldwide, the overall market is a fragmented one. However, despite very low entry hurdles, some market leaders continue to hold a sizable portion of the global market, putting more of an emphasis on new product releases. Moreover, expansion into new geographies and targeting younger consumers through digitization.

Some players operating in the market are Nest Fresh Eggs Inc., and Cargill, Incorporated. Ovostar Union NV, Global Food Group BV, Rose Acre Farms, Ready Egg Products Ltd, Bumble Hole Foods Limited, NewburgEgg Corp., Rembrandt Enterprises, Inc., D Wise Ltd., Vanderpol’s Eggs Ltd., Eggland, and others.

Thorough Market Evaluation: Full Report

Market by Categorization:

By Product Type:

Whole Egg
Egg white
Egg Yolk
Scrambled mix

By Form:

Frozen
Refrigerated

By Source:

Conventional
Organic
Cage-free

By End-use Application:

Food Industry
Biotechnology
Cosmetic Industry
Pharmaceutical and Dietary Supplement
Animal Nutrition
Other Applications
Retail Sales

By Sales Channel:

B2B
Ho-Re-Ca
B2C

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact FMI:  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Ready to Drink Coffee Industry: Anticipated Rise to USD 43.78 Billion by 2033 | FMI

The ready-to-drink coffee market (Markt für trinkfertigen Kaffee) is anticipated to expand its roots at an average CAGR of 5.0% between 2023 and 2033. The market is projected to have a market share of US$ 43.78 billion by 2033 while it is likely to be valued at US$ 27.35 billion in 2023.

– The increase in coffee drinkers along with the people opting for a corporate lifestyle is garnering market growth. Furthermore, coffee is a part of the modern culture routine that is adding value to the market’s growth trajectory.

– The partnerships between market leaders and the introduction of exciting new flavors are expected to transform the market dynamics. Alongside this, advanced brewing machines are likely to garner market growth.

– New production facilities along with the increased awareness around coffee drinking is flourishing the demand for RTD coffee. The new packaging bottles and cans with different levels of caffeine are adding value to the market space.

– Leading brands are integrating cold coffee and coffee RTD mixtures with local flavors to increase consumption. The panic buying during and post-pandemic is fuelling the sales of ready-to-drink coffee.

Key Points

The United States market leads the ready-to-drink coffee market in terms of market share in North America. The United States region held a market share of 9.8% in 2022. The growth in this region is higher caffeine consumption along with the trending corporate lifestyle.
Germany’s ready-to-drink coffee market is another significant market in the European region. The market held a market share of 5.6% in 2022. The growth is attributed to the surge in cafés, new and advanced flavors, and rising production facilities.
The Indian ready-to-drink coffee market thrives at a strong CAGR of 16.1% during the forecast period. The market’s growth is attributed to the higher coffee-drinking population, café culture, and the integration of local flavors.
The hypermarket/supermarket segment leads the distribution channel type segment as it held a leading market share in 2022. The growth is attributed to easy availability, 24 x 7 styled stores, and higher tourist consumption.

Competitive Landscape

The key vendors work on different flavors, packaging, and taste. The players also work on enhanced supply chains and higher affordability. Companies collaborate to expand their supply chain. Key competitors and also merge, acquire, and partner with other companies to increase their supply chain, and distribution channel.

Recent Market Development

In 2023, Danone S.A. invested US$ 65 million over the next two years in the United States manufacturer of products including stock ready-to-drink coffee. The investment has been done in the RTD coffee and creamer facility.
Nescafe has introduced its Chilled Latte, Intense Café, Iced Latte Can, and Hazelnut Coffee. The company has also launched Badal Life Ki Raftaar with Nescafe.
Bavzilla, an India-based coffee brand introduced instant coffee cubes pack with diverse flavors. The coffee powder and cubes contain plant-based vitamins and palm jaggery.

Key Players

PepsiCo.
The Coca-Cola Company
Nestle S.A.
JAB Holding Company
Asahi Group Holdings, Ltd.
McDonald’s Corporation
Danone S.A.
Dunkin’ Brands Group, Inc.
Suntory Beverage & Food
Lotte Chilsung Beverage Co. Ltd.
Dr Pepper Snappel Group.
Starbucks
Unilever
Ajinomoto General Foods Inc.
Monster Beverage Co.

Exhaustive Market Report: A Complete Study

Key Segments Covered

Product:

Ginseng
Vitamin B
Taurine
Guarana
Yerba Mate
Acai Berry

Additives:

Flavors
Artificial Sweeteners
Acidulants
Nutraceuticals
Preservatives
Others

Packaging:

Glass Bottle
Canned
PET Bottle
Aseptic

Price Segment:

Premium
Regular
Popular Priced
Fountain
Super Premium

Distribution Channel:

On-trade
- Independent Retailers
- Supermarkets/Hypermarkets
- Convenience Stores
- Others
On-trade
- Food Service
- Vending

About Future Market Insights (FMI)

Contact FMI:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Beverage Processing Equipment Market to Exceed USD 12.8 Billion by 2033, Driven by a 4.9% CAGR | FMI Reports

The global beverage processing equipment market is set to grow at a notable Compound Annual Growth Rate (CAGR) of 4.9% over the next decade. By 2033, the market is projected to reach USD 12.8 billion, up from USD 7.7 billion in 2023.

Recent years have seen a significant shift in the global beverage industry, driven by a diversification in consumer preferences. The increasing demand for a wide array of beverages—including alcoholic, non-alcoholic, and dairy products—has spurred innovation in beverage processing equipment.

The Asia Pacific region is emerging as a major market for both alcoholic and non-alcoholic beverages, with China and India leading in beer and soft drink consumption. Rising populations, globalization, and a growing inclination towards Western lifestyles have fueled this demand.

Beverage companies are focusing on the expanding middle class in developing regions such as Asia, the Pacific, the Middle East, and Africa. To meet the rapidly increasing demand in a competitive market, producers are investing in highly adaptable and sustainable processing technologies.

Full Market Assessment: Comprehensive Report

Key Takeaways from the Beverage Processing Equipment Market Study:

The beverage processing equipment industry in France is expected to witness a CAGR of 4.7% during the forecast period (2023 to 2033).
The Germany beverage processing equipment industry is expected to continue to dominate Europe till 2033 and generate a share of USD 1.9 Billion.
The demand for beverage processing equipment is projected to grow at a CAGR of around 5.7% over the next ten years in the U.K.
The global market for beverage processing equipment is expected to rise from USD 7.7 Billion in 2023 to USD 12.8 Billion in 2033.
Sales of beverage processing equipment are expected to rise at a CAGR of 4.9% during the forecast period.

Emerging Trends Shaping the Beverage Processing Equipment Market:

The beverage industry is experiencing rapid growth and holds significant promise for the future. The operation of beverage processing facilities necessitates a considerable amount of electricity to power various equipment, including plant machinery, refrigeration systems, lighting, and other mechanical processes.

Within the beverage industry, certain critical processes such as pasteurization and evaporation rely heavily on thermal energy. Pasteurization, in particular, plays a pivotal role in eliminating harmful pathogens and deactivating enzymes, ensuring the safety and quality of beverages. However, it’s important to note that these processes consume substantial energy resources, primarily in the form of electricity and other fuels.

This heightened energy consumption in pasteurization and related procedures has led to a notable surge in demand for specialized equipment such as milk pasteurizers and milk homogenizers. These devices are engineered to optimize energy usage while maintaining the requisite high standards of quality and safety in beverage processing.

Key Players Profiled:

Tetra Laval (Switzerland)
Brawn Mixer (Netherlands)
Paul Mueller Company (USA)
GEA Group (Germany)
KHS GmbH (Germany)
Dover Corporation (USA)
Neologic Engineers (India)
Alfa Laval (Sweden)
Krones Group (Germany)
Bucher Industries (Switzerland)
SPX Flow (USA)
JBT Corporation (USA)
Steplead International Co., Ltd.(China)
Luwico Group Co., Limited (China)
Pentair (USA)
Bettcher Industries, Inc. (USA)
Heat and Control, Inc. (USA)

Beverage Processing Equipment Market Outlook by Category:

By Product Type:

Beverage Mixers & Blenders
- Tumbler Blender
- Ribbon Blender
- Paddle Mixer
- Agitator
- Emulsifiers
- Milk Homogenizers
- Heavy Duty Mixers
Sugar Dissolvers
Heat Exchanger
- Shell and Tube Heat Exchanger
- Plate Heat Exchangers
- Plate and Shell Heat Exchanger
- Adiabatic Wheel Heat Exchanger
- Plate Fin Heat Exchanger
Brewery
- Fermentation Equipment
- Brew House Equipment
- Carbonation
- Control & Monitoring
- Filling & Packaging
- Mashing Equipment
- Milling Equipment
Filtration
- Sedimentation Equipment
- Gravity Filtration Equipment
- Centrifugal Separators
- Clarifiers
- Thickeners
Others (Cooling Tunnel, Storage Tanks, Milk Pasteurizer, and Crushers)

By Beverage Type:

Alcoholic
Non-alcoholic
- Carbonated
- Non-Carbonated
Dairy-Based Beverages

By Automation Grade:

Automatic
Semi-automatic

By Region:

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

About Future Market Insights (FMI)

Contact Us:

Robotic Lawn Mower Market Projected to Surpass USD 3,462.23 Million by 2034, Fuelled by a 12.5% CAGR | FMI Reports

The global robotic lawn mower market is set for substantial growth, with forecasts predicting it will exceed a valuation of USD 3,462.23 million by 2034. This growth represents a strong Compound Annual Growth Rate (CAGR) of 12.5%, up from USD 1,066.19 million in 2024.

The market’s acceleration is largely driven by the increasing integration of robots and advancements in Artificial Intelligence (AI) technology. Moreover, the widespread use of smartphones has significantly impacted the robotic lawn mower market, allowing for easy control via smartphone apps that cater to both personal and commercial landscaping needs. These insights from Future Market Insights highlight the key factors driving the evolution of this rapidly growing market segment.

Enhanced efficiency and technological advancements are leading to a surge in robotic lawn mower sales:

The continuous advancement of technology, particularly the integration of AI, has spurred a new era of increased demand for robotic lawn mowers. This heightened demand is due to significant improvements in the efficiency and capabilities of these devices.

Future growth in the robotic lawn mower market is expected to be driven by two key factors: the growing reliance on automation in the commercial sector to reduce operational costs, and the rising adoption of domestic robots for residential use. Together, these trends are creating a favorable environment for the expansion of the robotic lawn mower market over the forecast period.

Full Market Assessment: Comprehensive Report

Key Insights from Research on the Robotic Lawn Mower Market:

Europe’s Strong Standing: Europe secures the second spot in robotic lawn mower sales, with an anticipated growth rate of 11.7% CAGR in the upcoming years. Collectively, North America and Europe command a substantial 75% share of the total market.
Emerging South Asian and Pacific Markets: The South Asian and Pacific regions are poised to showcase remarkable growth prospects, notably driven by expanding construction endeavors in China, Japan, and India.
Exporting Powerhouses: Key exporters of robotic lawn mowers include the United States, Japan, and Germany, underlining their significant contribution to the global market. Additionally, Japan and South Korea collectively account for over 8% of the overall market share.
Online Channels Elevating Sales: Sales channels are witnessing a strategic shift towards online platforms, with collaborations between online channels and e-retail giants like Amazon and Alibaba, aimed at bolstering margin growth.

Competitive Landscape:

In order to cater rising demand, companies are entering to strategic collaborations. These partnerships also are intended at expanding portfolio and sharing expertise.

In 2019, Mean Green Products, LLC (Mean Green Mowers), a leading manufacturer of commercial electric mower collaborated with the Kobi Company which is a leading company of robotic solutions to establish safe, convenient, and cost –effective robotic lawn mowers.

Key Players Profiled in the Global Robotic Lawn Mower Market Includes:

Husqvarna AB,
MTD Products,
STIGA S.p.A.,
KYODO CO., LTD.,
Robert Bosch GmbH,
Deere & Company,
NINGBO NGP INDUSTRY CO., LTD.,

Market Segmentation:

By Working Area:

Small Area (up to 0.4 acres)
Medium Area (0.4-0.8 acre)
Large Area (above 0.8 acres)

By End Use:

Residential
Commercial

By Sales Channel:

Offline
Online

By Region:

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

About Future Market Insights (FMI)

Contact Us:

Condition Monitoring System Market to Surge to USD 7,928.7 Million by 2033, Growing at a 7.7% CAGR | FMI Reports

The condition monitoring system market is set to achieve a significant valuation of USD 3,776.1 million by 2023. According to Future Market Insights, the market is expected to grow at a robust compound annual growth rate (CAGR) of 7.7% from 2023 to 2033, reaching an impressive value of USD 7,928.7 million by the end of the forecast period.

A Condition Monitoring System (CMS) is a technology-driven solution designed to continuously or periodically monitor the health and performance of machinery and equipment. Utilizing various sensors, data acquisition devices, and sophisticated software algorithms, these systems collect, analyze, and interpret data to assess the operating condition of assets.

The growing demand for advanced diagnostic tools to evaluate machinery health is a major factor driving market growth. Industries across multiple sectors are increasingly adopting condition monitoring systems to enhance, oversee, and manage machinery performance more effectively. This shift is largely driven by the need to reduce downtime, optimize maintenance schedules, and improve overall operational efficiency.

Full Market Assessment: Comprehensive Report

Key Takeaways for the Condition Monitoring System Market by 2034:

The market is projected to grow from USD 3,776.1 million in 2023 to USD 7,928.7 million by 2033, with a CAGR of 7.7%.
Condition Monitoring Systems (CMS) use sensors and software to continuously monitor machinery health and performance.
The demand for CMS is driven by the need to minimize downtime, optimize maintenance schedules, and enhance operational efficiency.
Increasing adoption across various industries aims to improve equipment performance and reduce operational costs.
Technological advancements in diagnostics and data analysis tools are expected to further propel market growth.
The market is expanding due to the rising emphasis on predictive maintenance and asset management.
Adoption of CMS is becoming critical in industries like manufacturing, oil and gas, and energy to prevent equipment failure and improve productivity.

Condition monitoring system manufacturers focus on software innovations to boost profitability

Manufacturers in the condition monitoring system industry are strategically focusing on software developments to enhance their profit margins and stay competitive in the market. These companies are dedicated to introducing new products, securing lucrative supply contracts, and forging strategic partnerships with other providers of industrial automation solutions to bolster their product offerings and cater to the expanding customer base.

For example, in February 2021, ABB Ltd collaborated with its partners as part of the FLEMING research project to develop a cutting-edge solution capable of detecting faults in medium-voltage switchgears using infrared cameras and artificial intelligence. This innovative approach enables the implementation of condition-based monitoring systems, enhancing the efficiency of fault detection and maintenance processes.
Similarly, in May 2017, Honeywell and SKF embarked on a joint pilot project aimed at harnessing the potential of Internet of Things (IoT) solutions. Leveraging SKF’s expertise in bearings, lubrication, and condition monitoring alongside Honeywell’s proficiency in data consolidation and software development, the pilot project sought to develop innovative IoT solutions to address industry challenges and meet evolving customer needs.

Key Players

Schaeffler Technologies AG & Co.
Kirloskar Brothers Ltd.
Siemens AG
Honeywell International Inc.
ABB Ltd.
Emerson Electric Co.
Rockwell Automation, Inc.
Fluke Corporation
Parker Hannifin Corp.
General Electric
Festo Group
AB SKF
Fuji Electric
Eaton Plc
Meggitt PLC
PCE Instruments
AIMIL ltd.
Bachmann Electronic GmbH
Ingeteam
Bruel & Kjaer Vibro GmbH

Key segmentations

By Technique:

Corrosion Monitoring
Infrared Thermography
Motor Condition Monitoring
Oil Analysis
Ultrasound Testing
Vibration Analysis

By Application:

Aerospace and Defense
Automotive and Transportation
Chemical and Petrochemical
Food & Beverage
Marine
Mining and Metal
Oil and Gas
Power Generation

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

ESD Protection Devices Market 2023 Future Analysis, Demand by Regions and Opportunities with Challenges 2033

From 2023 to 2033, the ESD protection devices market is estimated to develop at a 4.1% CAGR. The market value is expected to expand from US$ 2,645 million in 2023 to US$ 3,965.5 million in 2033, indicating a significant increase in demand for electrostatic discharge (ESD)-protected electronic components and devices. This expansion emphasizes the growing need to protect electronic equipment from ESD-related damage, which contributes to the market’s expansion and development of sophisticated ESD protection solutions.

The ESD (Electrostatic Discharge) protection devices market is expanding rapidly as demand for electronic devices and components rises. These devices are critical in shielding electronic circuits from damage caused by ESD occurrences and transient voltage spikes. The growing popularity of IoT devices, smartphones, wearables, and automotive electronics is propelling the industry forward.

The increased use of data centers and cloud computing infrastructure increases the demand for ESD protection solutions to improve the reliability and performance of sensitive electronic components. However, the industry faces constraints such as increased semiconductor design complexity and the demand for more efficient ESD protection technologies.

Increasing technological breakthroughs and electronic component miniaturization pose challenges to the standardization of ESD protection devices. Market participants are constantly spending in R&D to provide novel and robust ESD protection solutions to solve these difficulties and meet the increasing demands of the electronics sector.

Key Takeaways

In the United States, ESD protection device deployment is increasing in the semiconductor and electronics sectors, propelling market growth.
The United Kingdom increasing industry knowledge of ESD-related concerns, resulting in a greater demand for preventative solutions.
The rapidly growing electronics manufacturing sector is driving the demand for ESD protection solutions in India.
China’s booming electronics sector and semiconductor manufacturing investments propel market expansion.
Japan has a well-established electronics sector focusing on quality and dependability, encouraging the use of ESD protection devices.

Competitive landscape

The market for ESD protection devices is extremely competitive, with numerous significant competitors contending for market share. Leading semiconductor businesses such as Texas Instruments, STMicroelectronics, ON Semiconductor, Infineon Technologies, and NXP Semiconductors are among the market’s key rivals.

These firms provide a diverse range of ESD protection devices, such as diodes, varistors, and TVS (Transient Voltage Suppression) devices, for various applications in the electronics sector. The competitive environment is characterized by continual product advancements, strategic collaborations, and mergers and acquisitions to enhance market position and address the rising demand for sophisticated ESD protection solutions.

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Recent Developments:

Texas Instruments is a leading semiconductor firm noted for its comprehensive line of ESD protection devices, such as diodes, TVS devices, and EMI/RFI filters, which are used in a wide range of consumer electronics, automotive, and industrial applications.

Infineon Technologies is a semiconductor company. This multinational semiconductor firm provides revolutionary ESD protection solutions such as ESD, TVS, and EMI filters, emphasizing high-performance, low-clamping voltage devices and offering increased protection for sensitive electronic components in various sectors.

Key Segments Covered in the ESD Protection Devices Industry Analysis

ESD Protection Devices Industry by Material:

Ceramic
Silicon

ESD Protection Devices Industry by Directionality:

Unidirectional
Bidirectional

ESD Protection Devices Industry by End User:

Consumer Electronics
Automotive
Aerospace & Defense
Others

ESD Protection Devices Industry by Region:

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

About Future Market Insights (FMI)

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Future Outlook for the Crane Market: Anticipated to Hit USD 67.6 Billion by 2033, Expanding at a 4.0% CAGR | FMI Reports

The global crane market is projected to be valued at USD 45.7 billion in 2023, driven by the rising demand for infrastructural development and construction activities. By 2033, the market is expected to reach USD 67.6 billion, growing at a compound annual growth rate (CAGR) of 4.0% from 2023 to 2033.

The growing urbanization and the construction of high-rise buildings, bridges, roads, and other infrastructure projects are key factors fueling the demand for cranes. Additionally, the increased use of cranes in various industries, including material handling, shipbuilding, manufacturing, and construction, is anticipated to boost market sales.

The crane market is also expanding due to its increasing applications in the oil and gas industry for exploration, production activities, and offshore and onshore operations such as rig installation, pipeline construction, and maintenance.

Technological advancements, including the integration of features like telematics, anti-collision systems, remote control operations, and load monitoring sensors, are enhancing crane performance and safety, further driving market demand during the forecast period.

North America has a well-established crane market, supported by continuous infrastructure projects, industrial activities, and urban development. The growth of the oil and gas sector and investments in renewable energy projects in the United States and Canada are also contributing to market expansion in the region.

The Asia Pacific region is expected to hold a significant share of the crane market due to increased construction of high-rise buildings, transportation infrastructure, and energy projects. Moreover, rising investments in manufacturing in countries like China and India are driving demand in the market.

Full Market Assessment: Comprehensive Report

Key Takeaways from the Market Study

From 2018 to 2022, the crane market demand expanded at a CAGR of 3.5%
Based on crane type, the tower crane segment accounts for a CAGR of 3.8%
By application, the construction segment is expected to expand at a CAGR of 3.9% during the forecast period
North America to emerge as a promising crane market, capturing a CAGR of 3.9%
The crane industry in the United Kingdom is predicted to reach US$ 4 billion by 2033
South Asia and the Pacific to be an opportunistic crane market, expected to capture a CAGR of 3.5 % during the forecast period.

Competitive Landscape

The global crane market is fragmented with the presence of several large and medium-scale players. The leading players in the crane market are investing in strategic agreements in order to capture market share.

Some of the development by prominent players in the crane market are:

Liebherr is a prominent player in the crane market, known for its wide range of mobile and crawler cranes. In recent years, Liebherr has focused on innovation and product development. For example, they introduced the Liebherr LTM 1650-8.1 mobile crane, which has one of the longest telescopic booms in its class. This crane offers high lifting capacities and advanced safety features, catering to the needs of heavy lifting applications.
Terex Corporation is a leading manufacturer of cranes, including rough terrain cranes, tower cranes, and truck-mounted cranes. In recent years, Terex has made advancements in technology and safety features. They launched the Terex CTT 472-20 flat-top tower crane, featuring an increased lifting capacity and advanced control systems for improved efficiency and productivity. This crane incorporates automation features for ease of use and enhanced safety.

Top Key Players

Liebherr Group
Terex Corporation
XCMG Construction Machinery Co. Ltd.
The Manitowoc Company
Cargotec Oyj, Tadano Ltd.
Zoomlion Heavy Industry Science & Technology Co., Ltd.
Kobelco
Sany Group
Kato
Tadano Ltd.

Know More about What the Crane Market Report Covers

Future Market Insights offers an unbiased analysis of the global crane market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the crane market, the market is segmented based on type, application, capacity, and design across six major regions.

Key Segmentations

By Type:

Rough Terrain Cranes (RTCs)
All Terrain Cranes (ATCs)
Truck Cranes
Mobile Harbors
Off-shore Ship Cranes
Loader Cranes
Railroad Cranes
Crawler Cranes
Tower Cranes
Others

By Application:

Aerospace and Defense
Automotive & Railways
Heavy Engineering
General Engineering
Mining
Construction
Marine
Shipping & Material Handling
Energy (Power & Gas)

By Capacity:

Up to 5 MT
5 to 50 MT
50 to 250 MT
250 to 500 MT
500 to 1,500 MT
1,500 to 3,000 MT

By Design:

Stiff Boom
Knuckle Boom/Telescopic Boom

By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia
Middle East & Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Global EUV Lithography Market Forecast: Projected to Grow at 21.5% CAGR, Reaching USD 22,978.6 Million by 2029 | FMI Reports

In 2021, global sales in the EUV lithography market were estimated to be USD 4,648.6 million. Looking ahead to 2029, the market is expected to grow significantly, with a projected Compound Annual Growth Rate (CAGR) of 21.5%, reaching an estimated value of USD 22,978.6 million. The term “Extreme Ultraviolet” (EUV) refers to the specific wavelength of light used in this process. The development of more advanced lithographic systems is a key factor driving the adoption of EUV technology.

The EUV Lithography Market report, published by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—provides valuable insights and a thorough analysis of the EUV lithography sector. This report covers the scope and core elements of the research, meticulously examining key drivers, market size, and forecast data for EUV lithography. It offers detailed revenue and shipment segmentations, along with a ten-year projection up to 2029. The report also analyzes major industry players, their market presence, competitive dynamics, and regional outlooks.

The EUV lithography market is on the verge of substantial growth, driven by the ongoing push for miniaturization of integrated circuits and microchips, increasing demand for higher wafer production, and the continued expansion of the semiconductor industry. As technology advances to enhance performance and efficiency, the adoption of EUV lithography is becoming crucial for achieving the higher resolution needed for advanced semiconductor manufacturing processes.

As a key segment of the semiconductor industry, the EUV lithography market focuses on the development and implementation of EUV lithography systems for cutting-edge chip production. This advanced technology enables the precise creation of complex patterns on silicon wafers, facilitating the production of smaller, faster, and more powerful semiconductors.

Future improvements in the integration of EUV lithography for chip manufacturing are closely tied to the continued miniaturization of integrated circuits and microchips, the growing scale of wafer production, and the robust growth of the semiconductor industry. The EUV lithography market is projected to experience a notable CAGR of 21.5% from 2022 to 2029, reflecting its critical role in the future of semiconductor manufacturing.

Currently, many IDMs and foundries are cautious in the adoption of EUV lithography in chip manufacturing, given the infancy of the technology and high upfront costs. However, with continuous innovation and R&D, products are expected to become more efficient and cheaper.

Full Market Assessment: Comprehensive Report

Key Takeaways:

Reduction of microchip sizes to incorporate them into shrinking semiconductors is one of the prime factors that resulted in the development of EUV lithography technology.
Emergence of artificial intelligence (AI), machine learning, industrial IoT (IIoT), and autonomous driving has been driving miniaturization of microchips, subsequently creating the need for EUV lithography in chip manufacturing.
Constant innovation, R&D, and retrofitting of installed systems to improve wafer production, are anticipated to remain key trends in the EUV lithography market.
Integrated device manufacturers (IDM) and foundries are projected to create bulk of the demand for EUV lithography systems, as they are responsible for majority of the microchip and integrated circuit (IC) demand across industries.
Acquisition of stakes in key technology-based companies to complement product development is anticipated to remain a prominent trend in the market.

Competitive Landscape

Key players in the EUV Lithography market are focusing on a data-centric approach with an aim of expanding their portfolio of technology solutions that address customer needs. Many key players are also using innovation to expand their product offerings to meet customer requirements. Players are aiming at research & development to develop new products.

For Instance:

In Jan 2022, ASML and Intel Corporation announced the latest phase of their longstanding collaboration to advance cutting-edge semiconductor lithography technology.
In April 2019, Taiwan Semiconductor Manufacturing Co. Ltd announced the expansion of the Open Innovation Platform ® (OIP) Cloud Alliance, with Mentor Graphics joining inaugural members Amazon Web Services, Cadence, Microsoft Azure, and Synopsys.
In March 2019, Samsung Electronics developed a 3rd-generation 10-nanometer-class (1z-nm) eight-gigabit (GB) Double Data Rate 4 (DDR4) DRAM for the first time in the industry.
In October 2019, SK Hynix developed 1Znm 16GB (Gigabits) DDR4 (Double Data Rate 4) DRAM. As 16 GB is the industry’s largest density for a single chip, the total memory capacity per wafer is also the largest of the existing DRAMs.

Key Players

ASML
Nikon
Canon
Carl Zeiss
Toppan Printing
NTT Advanced Technology
Intel
Samsung
SK Hynix
Toshiba
TSMC
Global Foundries

Global EUV Lithography Market by Category By End Use :

Integrated Device Manufacturer (IDM)
Foundry
Memory

By Region:

Americas
EMEA
Asia Pacific

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Dehydrated Pet Food Market Forecasted to Achieve USD 14.2 Billion by 2033, Supported by a 5% CAGR

The dehydrated pet food market (Markt für dehydriertes Tierfutter) is registering a valuation of US$ 8.9 billion in 2023 and is estimated to reach US$ 14.2 billion by 2033. The market is securing a CAGR of 5% during the forecast period.

Manufacturers Take Several Precautions to Develop High-quality Pet Products

Manufacturers are developing natural and organic dehydrated pet food to ensure product safety, including:

Sourcing Natural Ingredients: Manufacturers collect natural and organic ingredients from suppliers without pesticides, fertilizers, or herbicides. Moreover, they are enhancing product quality by avoiding artificial colors and preservatives.
Proper Storage: Manufacturers handle organic dehydrated pet food products to prevent bacteria and moisture. They follow strict regulations towards cleaning and better storage and transporting of ingredients.
Quality Control: Manufacturers meet the standardized product by adding nutritional content, better taste, and flavor. By testing the proper quality of product ingredients to satisfy customers’ requirements and avoid toxicity.
Packaging: Manufacturers are focusing on eco-friendly, sustainable, and biodegradable packaging solutions to limit carbon footprints. They prefer air-tight and moisture-prevention packaging that cannot affect product quality.
Regulations: Manufacturers follow government regulations on the labeling and production of dehydrated pet food. The government provides licenses and guidelines for specific ingredients the USDA sets (United States Department of Agriculture).

Key Takeaways:

The dehydrated pet food market is estimated to register a CAGR of 5% with a valuation of US$ 14.2 billion during the forecast period.
In the historic period, the market secured a valuation of US$ 8.6 billion with a CAGR of 2.4% between 2018 and 2022.
The United States is capturing 20.8% of the global market by 2033.
With a CAGR of 4.0%, Germany is significantly growing its global market revenue during the forecast period.
During the forecast period, Japan is registering a CAGR of 4% in the global market.

Key Players are Adding Values to Uplift the Market Size

The market is highly competitive due to leading players that develop innovative products through their research and development activities. These players focus on developing better quality dehydrated pet food by adding exotic flavors.

They are adopting several marketing strategies to advance the market to another height. Their marketing tactics are mergers, product launches, agreements, acquisitions, and partnerships.

The key companies are offering better quality packaging, unique recipes, and organic ingredients to uplift the market to another height. Through online channels and e-commerce platforms, these key players add value by providing excellent products.

Recent Developments in the Global Market are:

In 2020, Nulo launched its new dehydrated pet food FreeStyle Freeze-Dried Raw. They are developing non-GMO ingredients and avoiding artificial preservatives.
In 2021, The Honest Kitchen launched its new dog food Minimalist. The company launched this product with high-nutrient adding whole-food ingredients for dogs.
In 2021, Stella & Chewy’s launched its new dehydrated dog food, Raw Coated Baked Kibble. This dog food is a combination of free-dried meat and baked kibble.
In 2020, Primal Pet Foods announced its newly launched dehydrated pet food named Primalvore. This product comprises fruits, vegetables, and high-quality nutrients & proteins.

Detailed Market Study: Full Report and Analysis

Other Prominent Players in the Market are:

Paide Pet Food
Mars Inc
Affinity Petcare
Big Time
Blue Buffalo
Mogiana Alimentos
Heristo
Gambol
Ramical
Diamond pet foods

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Enterprise Key Management Market 2023 Future Analysis, Demand by Regions and Opportunities with Challenges 2033

The enterprise metadata management market is poised for remarkable growth, with projections pointing towards a significant milestone of US$ 10,474.3 million driven by a robust (CAGR) of 14.8%. This surge in market value underscores the increasing recognition of the critical role that metadata management plays in enhancing organizational efficiency and data governance. As enterprises grapple with ever-expanding volumes of data, the demand for sophisticated solutions to manage and derive insights from metadata is escalating.

The market’s upward trajectory can be attributed to the rising awareness among businesses about the strategic importance of effective metadata management in navigating the complexities of modern data landscapes. As organizations strive to extract maximum value from their data assets, the Enterprise Metadata Management Market is positioned as a pivotal enabler of success, propelling its growth towards the projected milestone.

For example, metadata in the context of library management delivers the cataloging aspect of library materials. Enterprise metadata management is a data management practice for managing the organization’s information.

Enterprise metadata management is a software solution that provides the necessary knowledge to enhance manage, and maintain, the technical description of data assets.

Enterprise metadata management enhances the ability of an organization to deal with risk, improve IT productivity, and also to meet the necessary regulatory requirements.

Enterprise Metadata Management Market: Market Dynamics
Expanding enterprise data coupled with rising data integration and content management challenges, and the growing importance of data governance and data standardization by organizations across various industries are the key factor that drives the growth of the global enterprise metadata management market.

The rising need to reduce risk and increase trust in enterprise data assets, growing focus on collaboration and social networking capabilities, and increasing interest in managing the content lifecycle by enterprises across various verticals accelerate the growth of the global enterprise metadata management market.

Also, expanding data warehouses, data mining, and data pooling operations coupled with a growing focus on developing centralized data control to improve IT productivity across the enterprise atmosphere fuels the growth of the global enterprise metadata management market.

However, a lack of understanding about the potential benefits of enterprise metadata management solutions and technological challenges in metadata storage and cross-linking of data are identified as restraints likely to deter the progression of the global enterprise metadata management market.

Leading Key Players:
Oracle, Informatica LLC., International Business Machines Corporation, Teradata, Collibra, Adaptive, Inc., Data Advantage Group, Cambridge Semantics, Talend, MuleSoft, Inc.

Key Segments Profiled in the Enterprise Metadata Management Industry Survey

By Deployment Type:

On-Premise
Software as a Service (SaaS)

By Vertical:

BFSI
Healthcare & Medical
IT & Telecommunications
Media & Entertainment
Government
E-Commerce & Retail
Logistics
Pharmaceutical
Manufacturing
Others

By Region:

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

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Future Market Insights Inc.
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T: +1-845-579-5705
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Website: https://www.futuremarketinsights.com
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