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The calibrators market is expected to register 4.1% CAGR between 2022 and 2029, up from 3.5% CAGR recorded during 2014-2021, predicts Future Market Insights.

The increasing cases of work accidents throughout the globe are projected to bolster the sales of multifunction calibrators within the close to future. These calibrators are considerably used to check the electrical system of various industries, along with oil refineries, manufacturing, and power technology flora on a normal foundation to prevent lethal damage.

Medium, excessive, and occasional voltage transformers have more inclinations to cause damages at a place of business if left unchecked. As in step with the electric safety basis worldwide (ESFI), in 2020, there were approximately three,114 cases of fatalities from 2003 to 2020 inside the U.S. occurring due to the direct touch or exposure to electric-powered contemporary at workplaces. Those numbers are in all likelihood to upward thrust in the drawing close years within the different countries of the globe, which might enable industries to test their device often with the help of digital calibrators.

Among all different areas, North America is expected to account for over one-fourth of the market share within the global calibrators marketplace, because of the growing industrialization and urbanization, which in flip, is augmenting electric checking out offerings. Because the whole world depends on power and its assets for power technology and distribution, the intake of those sources has been growing rapidly in the global marketplace and consequently, the effect of this factor is fairly high.

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In phrases of the worldwide calibrator marketplace cost share, Europe is estimated to face 2d, following North US inside the worldwide calibrators market. With the aid of the United States, China, Brazil, and India are anticipated to be the emerging international locations in the international calibrators marketplace.

Key Players:

• Fluke Calibration
• Keysight Technologies
• Beamex Oy Ab
• WIKA
• AMETEK INC.
• OMEGA Engineering Inc.
• Megger
• Yokogawa Test & Measurement Corporation
• ABB

Calibrators Market By Category

By Current Type:

• AC
• Single Phase
• Handheld
• Stationary
• Three Phase
• Handheld
• Stationary
• DC

By Sales Channel:

• Online Sales
• Offline Sales

By End Use:

• Industrial
• Electrical & Electronics
• Process Industry/Process Control
• Power Industry
• Auxiliary Manufacturing
• Laboratory

By Region:

• North America
• Latin America
• Europe
• Oceania
• East Asia
• South Asia
• Middle East & Africa (MEA)

Future Market Insights (FMI)’s upcoming research study on the global CO2 Laser market lays bare undercurrents and opportunities for key market stakeholders. The report provides in-depth insights on the CO2 Laser market through a detailed analysis of key growth drivers, restraints, trends, challenges, and revenue growth based on historical data. Valuable information and forecast statistics covered in the CO2 Laser market report will help to exist and potential new market players to craft long-term strategies as well as maintain business continuity during a crisis.

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CO2 Laser: Market Outlook

CO2 laser, invented in 1964, is a high-power laser used for cutting through ferrous and non-ferrous metals. The CO2 laser is a mixture of various gases like carbon dioxide, nitrogen, helium, xenon and/or water vapor, and even hydrogen sometimes. Due to their high power capabilities, CO2 lasers are widely used in industrial applications for cutting, engraving, and welding. In 1984, the CO2 laser was approved by the U.S. Food and Drug Administration (FDA), making its application in the healthcare industry more mainstream. The use of a CO2 laser causes less bleeding, less pain, and a significantly reduced risk of infection, making it a preferred choice in medical and cosmetic surgeries. The CO2 laser is since been used as an incision tool in various surgeries, like dermatology, neurosurgery, otorhinolaryngology, plastic surgery, gynecology, and ophthalmology.  Apart from these, CO2 laser also finds applications in military, communications, and different manufacturing industries, making it one of the most widely used types of laser in the industry.

COVID-19 Impact Analysis

As with many industries, the recent outbreak of the COVID-19 has adversely affected the industrial automation & equipment industry. The CO2 Laser market is no exception. Following government’s measures, particularly social distancing norms and shelter-in-place orders, companies active in the CO2 Laser market have put their production on a halt. Additionally, movement restrictions have created a logistical nightmare for market players, while the lack of ‘essential’ status caused a decline in sales.

The FMI’s report covers an exclusive chapter on the initial COVID-19 impact on the CO2 Laser market. This allows both incumbent companies and new entrants to understand the market scenario during a crisis and helps them make sound decisions to gain a distinct competitive edge.

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CO2 Laser Market: Segmentation

To analyze the CO2 Laser market effectively and efficiently, the information has been segregated into key segments and sub-segments.

The overall CO2 Laser market can be segmented on the basis of application as:

• Therapeutic & Diagnostics
• LIDAR Imaging
• Cutting & Perforations
• Welding
• Drilling

The overall CO2 Laser market can be segmented on the basis of output power as:

• Up to 50 W
• 50 W to 500 W
• 500 W to 1000 W
• Above 1000 W

The overall CO2 Laser market can be segmented on the basis of end-use sector as:

• Military & Defence
• Aerospace
• Metal Processing
• Healthcare
• Manufacturing
• Automotive
• Telecommunication

CO2 Laser Market: Regional Outlook

East Asia region is expected to dominate the global CO2 laser market, owing to the high demand from electronics, semiconductors, and manufacturing industries in China, Japan, and South Korea. East Asia is anticipated to grow the fastest in the CO2 laser market, driven by the growing manufacturing sector in India. Europe is also expected to hold a dominant share and grow at a moderate pace in the global CO2 laser market, owing to the maturity in the adoption of CO2 laser in various end-use industries. North America is also expected to exhibit a similar growth pattern in the CO2 laser market growth.

CO2 Laser Market: Competition Analysis

The FMI’s study presents an extensive analysis of global, regional, and country-level players operating in the CO2 Laser market based on their innovative launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the CO2 Laser market report.

Key players covered in the report include:

• TRUMPF
• Coherent, Inc.
• FANUC CORPORATION
• Han’s Laser Technology Industry Group Co., Ltd
• El.En. S.p.A.
• LIGHTMACHINERY, INC
• AMTEC
• Epilog Laser

Crucial Questions Answered in the Report

• Which end-use industry remains the top consumer of CO2 Laser in different regional markets?
• At what rate has the global CO2 Laser market been expanding during the forecast period?
• How will the global CO2 Laser market look like by the end of the forecast period?
• What innovative technologies are the CO2 Laser market players adopting to stay ahead of the pack?
• What are the restraints affecting the growth of the global CO2 Laser market?

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Key Offerings of the Report

• Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
• Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
• Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
• Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with the necessary information to make critical decisions
• Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the CO2 Laser market

[250 Pages Report] Industrial air compressor market is projected to be valued at ~US$ 26.7 Bn in 2021.Industrial air compressors are capable of producing pressure to power large-scale, complex systems. They are widely used to run major industrial and manufacturing equipment, including those that incorporate hydraulic or pneumatic operating components.

Air compressors have gained considerable amount of popularity since their first Introduction and the trend is expected to continue. With rapid industrialization and increase in investment in mechanical equipment, the demand for industrial air compressors market is expected to witness steady growth between 2021 and 2031.

Increasing investments in mechanical equipment will pave the way to expand the industrial air compressor market in the coming years. As per a Future Market Insights (FMI) analysis, the industrial air compressor market is projected to be valued at ~US$26.7 Bn in 2021. The ongoing crisis caused by the COVID-19 pandemic has caused a severe impact on the global economy. It has resulted in a complete shutdown of the supply chain networks and manufacturing activities. This has subsequently affected the industrial air compressor market, causing a significant drop in the growth. However, the industrial air compressor market is expected to recover as the economic activity resumes following the containment of the pandemic.

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Manufacturers of industrial air compressors are focusing on the development of digitally controlled systems, such as compression solutions with automation and digitalization. This is expected to create positive growth prospects for the growth in demand for industrial air compressors.

Also, the consistently rising demand from the oil and gas sector will remain a key growth driver. According to the report, both oil & gas and automotive & transportation industries will account for maximum sales in the market through the forecast period. Expansion of these industries will therefore present attractive opportunities for growth soon.

Key Takeaways from the Industrial Air Compressor Market Study

• Industrial air compressor market will register a CAGR of ~4.6% over the forecast period of 2021-2031
• Expansion of oil exploration activities has placed the U.S. as a chief market, which accounts for over 70% of sales within North America
• Improving production in the automotive sector will fuel demand in the U.K., enabling above 6% y-o-y growth in 2021 in terms of value
• Application to diverse sectors will drive growth in industrial air compressor market in Germany and France
• Rising demand for power generation will push growth in Japan and China

“The major catalyst behind the growing popularity of air compressors is the innovation that goes into newer models in the market. In economic downturns, sales of air compressors are less likely to witness significant gains in some of the world’s more developed markets. The technology will always have thriving markets as long as there are developing countries are eager to compete with the industrialized world.” says a Future Market Insights analyst.

The industrial air compressor market is expected to be a high-opportunity market in the forecast period owing to increasing demand from various manufacturing and production industries and investments in oil & gas and power generation sectors, which are expected to drive the demand through the forecast period. Manufacturers are emphasizing on developing digitalized and customized products as per customer demands along with improved technology, life cycle, higher efficiency and less maintenance cost. These factors are expected to positively influence growth in demand for Industrial air compressors during the forecast period.

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Competitive Landscape

The industrial air compressor market is merged highly, in which the leading players account for over three-fourths of the market share. The penetration of small regional players makes this market more competitive. Some of the key players in the market are:

• Atlas Copco,
• Baker Hughes,
• Anest Iwata Corporation,
• General Electric,
• Hitachi Industrial Equipment Systems Co.,
• Ingersoll Rand,
• Burckhardt,
• MAN SE,
• Siemens Energy AG,
• Ariel Corp., and
• Bauer Kompressoren GmbH,

Among others. These players have higher shares in the global market, and have longstanding relationships with several end users, giving them an upper hand over their peers.

Find More Valuable Insights

The research report analyzes the market demand trends of subset multiphase flowmeter. The global market estimation and growth projection are based on factors like end use industries development, COVID-19 crisis impact, replacement ratio, and adoption rate of subset multiphase flowmeter. As per Future Market Insights research scope, the subset multiphase flowmeter market has been studied and segmented based on pipe size, application, construction material 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 side.

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About Industrial Automation Division at Future Market Insights

The Industrial Automation & Equipment industry. 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.

[293 Pages Report] The global air separation plant market enjoys a valuation of US$5.9 Bn, and projected to expand at a CAGR of 5% to attain a net worth of US$7.9 Bn by the end of 2028. We expect strong demand for air separation plants in the healthcare industry to be a prominent trend favouring overall market growth across regions.

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Demand Analysis of Air Separation Plants (2013 to 2021) Vs Market Forecasts (2022 to 2028)

The world has seen a substantial rise in demand for pure gases across multiple industry verticals. This has subsequently increased demand for air separation plants. Increased disposable income and rapid urbanisation across the globe have also shaped the global air separation plant industry.

Increasing demand from multiple manufacturing sectors, rapid urbanisation in emerging and developing economies, rise in consumerism, high demand for steel production, and rising oxygen demand from the healthcare industry are some of the major factors that are driving demand for air separation systems across the world.

Demand for air separation plants is expected to rise at a CAGR of around 5% from 2022 to 2028.

Global Machine Tool Touch Probe Market Forecast

The global machine tool touch probe market is consolidated by nature. There are only a few key market participants which occupy a significant share in the market. These players are expected to play a pivotal role in the growth of the machine tool touch probe market over the forecast period. By transmission type, infrared segment is expected to hold a significant share in the machine tool touch probe market over the coming years.

Infrared segment along with the radio segment is expected to occupy over 85% share in the global market. By machine type, CNC machining center segment is expected to create overall incremental $ opportunity of US$124.3 Mn between 2018 and 2028. By end use, automotive, defence & aerospace and medical segment is expected to dominate the market. The medical and automotive segment are expected to collectively account for 33.9% of the market share by the end of 2018, which is expected to grow to 35.1% of the overall market by the end of forecast period. By region, Western Europe is expected to grow at a significant rate, at a CAGR of 4.2% over the forecast period.

Competitive Landscape

Key providers of air separation plants are focusing on mergers and acquisitions to increase their global presence and establish their business across regions. Market players are also focusing on reducing costs in order to cater to demand from emerging and developing economies.

• In November 2021, Nippon Gases, a leading Japanese company, announced that it has signed an agreement with Cogne Acciai Speciali, a renowned Italian stainless steel manufacturer. The agreement would enable the modernisation of the Italian company’s air separation unit to increase its efficiency and reduce energy consumption in production.
• On 23rd August 2021, the president of Zimbabwe – Emmerson Mnangagwa -launched a new air separation plant in order to meet increasing demand for medical oxygen. The plant can produce 20 tonnes of oxygen gas along with 16.5 tonnes of liquid oxygen per day.

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Key Segments of Air Separation Plant Industry Survey

Air Separation Plant Market by Type:

• Cryogenic Air Separation Plants
• Non-cryogenic Air Separation Plants
  • Pressure Swing Adsorption (PSA)
  • Vacuum Pressure Swing Adsorption (VPSA)
  • Membrane Separation

Air Separation Plant Market by Gas:

• Oxygen
• Nitrogen
• Argon
• Diesel

Air Separation Plant Market by End-use Industry:

• Air Separation Plants for Chemical Industry
• Air Separation Plants for Iron & Steel Industry
• Air Separation Plants for Healthcare Industry
• Air Separation Plants for Food & Beverage Industry
• Air Separation Plants for Paper & Pulp Industry
• Air Separation Plants for Oil & Gas Industry
• Others

Air Separation Plant Market by Region:

• North America Air Separation Plant Market
• Latin America Air Separation Plant Market
• Europe Air Separation Plant Market
• East Asia Air Separation Plant Market
• South Asia & Pacific Air Separation Plant Market
• Middle East & Africa (MEA) Air Separation Plant Market

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Category-wise Analysis

Which End-use Industry of Air Separation Plants is Expected to Have a Bright Outlook?

While demand for air separation plants from chemical and other industries contributes significantly to the overall market, expected demand from the healthcare industry to see a rise more than other industries.

The pandemic of 2020 accelerated demand for medical oxygen, and this has majorly influenced demand for air separation plants in the healthcare industry. Especially, emerging economies with underdeveloped healthcare infrastructure are proving to be very lucrative for air separation plants.

However, demand for air separation plants in the chemical sector will remain the highest, with the industry accounting for over 20% market share.