Decarbonization and Electrification Set to Accelerate Hydrogen Electrolyzer Market Growth, as Market Players Focus on Sustainable Hydrogen Production, Says FMI

Future Market Insights, an ESOMAR-certified market research provider, opines that the long term outlook for hydrogen electrolyzer market will remain optimistic with growth pegged at 10% through 2030. With costs of renewables substantially dropping, making them more competitive with conventional fuels, their use as feedstock for hydrogen electrolysis will boost market growth subsequently.

Research for hydrogen fuel cell technology, H-CNG and mobility solutions will play a vital role in the market dynamics of hydrogen electrolyzers. With the growing popularity of fuel cell technology in automotive, notably electric mobility, demand for on-site hydrogen production will proliferate.

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“The rising availability of CAPEX subsidies, tax rebates and low electricity costs will strongly intensify the adoption of hydrogen electrolyzers. In addition, hydrogen electrolyzers will provide the missing link between hydrogen and green electricity across various countries as it strives to achieve a de-carbonized environment” says FMI analyst.

Key Takeaways for Hydrogen Electrolyzer Market Study

  • PEM electrolyzers are expected to witness a higher demand growth vis-à-vis other electrolyzer variants on back of high purity output and economical features with regards to operations
  • Countries in Western Europe and Asia Pacific are key to the growth of hydrogen electrolyzer market, on account of their high growth potential & considerable market size
  • Accelerated demand for high purity of hydrogen is boosting the uptake of hydrogen electrolyzer over competitive technologies such as SMR

Despite Prevailing Uncertainties, Experts Eying Green Hydrogen Post Pandemic

The global COVID-19 pandemic has put manufacturing, supply and demand of hydrogen electrolyzer on hold. In the second quarter of 2020, countries such as Italy experienced a 20% reduction in demand for power thus impacting the hydrogen electrolyzer market.

Economies around the world are utilizing this time to invest in green hydrogen to kick start growth. Countries such as Portugal, Netherlands and Australia are already investing rigorously in this technology. This is in alignment with EU’s green deal plan to decarbonize and bring emissions down to zero by 2050.

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Hydrogen Electrolyzer Market: Competitive Landscape

The global market players are striving to drive their market revenue at more than 20% on a yearly basis. This is being done by bringing down investment costs through joint collaboration.

For instance, ITM Power and Linde have collaborated to open up a factory at Sheffield, UK to enhance their electrolysis capacity per year by at least 1GW.

Similarly, NEL and Hydrogenics are gearing up for projects that aim to produce 20MW of hydrogen at Denmark and Canada respectively. By scaling up the size of the plants, manufacturers are looking at reducing their overall costs in the production of hydrogen

Find More Valuable Insights on Hydrogen Electrolyzer Market:

FMI in its new market research study, offers an unbiased analysis of the hydrogen electrolyzer market which comprises global industry analysis for 2015–2019 and opportunity assessment for the 2020–2030. The report offers complete analysis on global hydrogen electrolyzer market through four different categories – product type, capacity, outer pressure, end user and region. The global hydrogen electrolyzer market study provides information of pricing by different application analysis, product life cycle, capacity assessment, key market trends and technologies which are being implemented in the deployment or installation of the hydrogen electrolyzer and product adoption in varied end use industries.

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About FMI – Industrial Automation

The Industrial Automation division of FMI offers a novel approach and innovative perspective in the analysis of the industrial automation market. Comprehensive coverage of capital, portable, process, construction, industrial, and special purpose machinery across the manufacturing sector and distinctive analysis about the installed base, consumables, replacement, USP-feature-application matrix make us a pioneering voice in the industry. We are preferred associates with established as well as budding industry stakeholders, and channel partners when it comes to sustaining, growing, and identifying new revenue prospects.

Industrial Valves Market is expected to grow at a CAGR of ~4.3% : FMI Study

[308 Pages Report] The global industrial valves market is estimated to be worth around US$ 71.8 Bn in 2022. With rising adoption of industrial valves for regulating the flow of materials, the overall demand is anticipated to rise at a moderate CAGR of 4.3% between 2022 and 2029, totaling a valuation of US$ 96.2 Bn by 2029.

Up from the revenues worth US$61 Bn registered in 2018, the global market for industrial valves is projected to witness modest growth by the end of 2019. A new market research report by Future Market Insights (FMI) suggests that the increasing exploration activities for new water sources will predominantly favour the growth of market over coming years.

The steady expansion of chemical industry and revival of oil & gas industry are also likely to play a crucial role in pushing sales of industrial valves at a global level. FMI’s report shows that abundant opportunities exist in chemical, and water & wastewater industries.

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With the onset of Industry 4.0 and the reciprocating shift of industries towards automation, the industrial valves landscape is compelled to move beyond its traditional, old-school valve engineering models. Although manually operated valves still account for almost 2/3rd of total sales, FMI foresees a rapidly progressing market scenario for automated valves in the next few years. 

By type, the gate type of industrial valves segment is expected to hold prominent value shares of the global industrial valves market. The globe valve segment is expected to be the prominent segment throughout the forecast period. Gate valves, closely trailed by globe and ball valves, are identified to remain the sought-after industrial valve types throughout the forecast period. Several manufacturers are, however, focusing on investments in globe industrial valves. FMI’s research also highlights visibly growing market attractiveness of butterfly valves across industries.

The analysis of industrial valves market based on materials reveals cast steel, carbon steel, and stainless steel remain the preferred materials among manufacturers of industrial valves, which collectively account for ~85% shares in the revenues. Bronze is likely to emerge lucrative as a material of choice, over the years to come, as shown by report findings.

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Market in APEJ Projected for Remunerative Growth

The market in Asia Pacific excluding Japan (APEJ) is expected to exhibit lucrative growth potential in the global industrial valves market over the forecast period of 2019-2029. According to the report, this growth is propelled by the rapid growth in the oil & gas industry in countries of APEJ such as India and China, and ASEAN Countries, among others. The economic condition of these countries have been positively developing.

Owing to the effects of macroeconomic factors such as growing population, urbanisation, and rapid industrialisation, the confidence of investors and investments in housing and other residential projects across APEJ has increased drastically. The region’s chemical has considerable momentum over the past few years. This overall scenario is translating into modest growth in the demand for valves across the multiple industries, eventually pushing the market growth potential of APEJ.

Industrial Valves Market: Vendor Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global industrial valves market such as GE Company, Emerson, Flowserve Corporation, Schlumberger Limited, TechnipFMC Plc, KSB SE & Co. KGaA, x KITZ Corporation, Alfa Laval Corporate AB, Curtiss-Wright Corp., CIRCOR International, Inc., IMI Plc, Mercer Valve Co., Inc., National, Oilwell Varco, Inc., Weir Group Plc., Neway Valves, AVK International A/S, Flowserve Corporation, and LESER GmbH & Co. KG, among others.

The global industrial valves market is significantly consolidated, with some players holding prominent shares of the market. These players are offering industrial valves under their popular brands such as Cameron, and World Valves, among others.

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Industrial Valves Market – Key Research Findings

  1. The global industrial valves market size in 2018 was ~US$61 Bn. 
  2. The industrial valves market is expected to grow at a CAGR of ~4% during the forecast period of 2019-2029.
  3. Besides adoption of automatic functions of valves, the increasing demand for manual structures has been recently driving the sales of industrial valves.
  4. Collectively, Asia Pacific Excel. Japan and North America are likely to account for ~70% of the revenue shares in the industrial valves industry by the end of 2029.
    • North America, attributed to the powerful presence of the oil & gas industry, will continue to be a prominent regional market for industrial valves manufacturers.
  5. The oil & gas industry is estimated to remain the prominent end-use industry for industrial valves market players.
    • The oil & gas industry has witnessed significant growth in the recent past, and the revival of the oil & gas sector has been noteworthy.
    • Noteworthy application potential of industrial valves has been identified in the water & wastewater treatment.

Implementation of Barcoding in Businesses to Maintain Assets Boosting the Global Barcode Scanners Market

The global barcode scanner market is estimated to be valued worth US$ 7 Bn in 2021, according to FMI. The market is expected to register robust growth on the backdrop of healthy demand from retail, e-commerce and logistics, healthcare, and manufacturing sectors.

The advent of barcode technology has greatly reduced the hassles of tracking supply and commodity sale records for retailers across the globe. Over the years, the technology has been consistently improved and made more efficient.

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Currently, barcode solutions are being used across various domains owing to their exponential capabilities in systematically recording information such as product count, date of manufacturing, date on which the product was supplied to the retailer and selling price. Moreover, the emergence of e-commerce and intra-regional markets that offer specialized services to a wide range of sectors has further expanded its application base.

Future Market Insights (FMI) in its latest report titled “Barcode Scanner Market: Global Industry Analysis and Opportunity Assessment, 2021–2031” reveals that use of barcode technology is rapidly rising in both retail and manufacturing industries. Barcode scanners have become one of the best solutions for recording product information without making any major manual effort.

The technological advantages and cutting-edge features of barcode scanners are also making them popular in the healthcare industry. Barcode technology can help rectify medication errors, medical practitioners and physicians can easily get information about medicines as well as their manufacturing dates.

The report further cites that the global barcode scanners market will account for about US$ 7 Bn by 2031-end. During the same duration, the market is also expected to reflect a CAGR of 6.4% in terms of volume, reaching 38.7 Mn units over 2031-end.

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Market segmentation

By Product Type

  • Portable/Handheld
    • Rugged Scanners
    • PDA Scanners
    • Automatic Readers
    • Others
  • Fixed Position
    • Stationary Scanners
    • Presentation Scanners
    •  Automatic Readers
    • Others

By End Use

  • Retail & Commercial
  • General Manufacturing
  • Healthcare
  • Logistics & Warehouse
  • Commercial Aviation
  • Defence
  • Others

By Technology

  • Pen Type Reader
  • Laser Scanner
  • CCD (Charge Coupled Device) Readers
  • Camera Based Reader
  • Omni Directional Barcode Scanner
  • Smartphone Based Scanner
  • RFID (Radio Frequency Identification Technology

By Region

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

Additional Highlights of the report Include:

Laser-based scanner is expected to remain as the prime technology. Laser scanners are widely used in regions with established manufacturing and retail sectors such as Western Europe and North America. By the 2021-end, laser scanners are estimated to accounts for 32.3% revenue share of the market and will continue to be the most preferred barcode reader technology throughout the assessment period.

However, camera-based reader is anticipated to see the fast adoption as these scanners are innovative and configured with advanced 2D imaging technology. Based on product type, portable/handheld scanners are expected to remain top choices of barcode scanners amongst consumers over the forecast period.

Owing to characteristics such as faster print speed and versatility, demand for portable/handheld barcode scanners is rapidly increasing in various parts of the world. Use of barcode scanners in the retail and commercial sector continues to be the highest and is expected account for a major chunk of revenue over the forecast period. Meanwhile, the healthcare industry is swiftly adopting the barcode technology as well.

Amongst regions, markets in Asia Pacific excluding Japan (APEJ) and North America are expected to exhibit high growth potentials. In APEJ, China and India are projected to achieve impressive growth of their barcode scanner market. By 2017-end, the region is projected to account for a revenue share of 29.5%, which is expected to increase to 33.8% towards the end of the forecast period.

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Market players are targeting APEJ as their key sales region.  

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.

Pallet Pooling Market By Structural Design, Material & Region – Forecast 2019-2029 : FMI

Pallet pooling ensures the availability of pallets at the operational location, which results in a lean supply chain. Lean supply chain management leads to effective operational lead time. Owing to the rising inclination of most end users towards cost reduction, along with optimum lead time, the pallet pooling market is estimated to gain noteworthy traction in the coming decade.

According to a new research report published by Future Market Insights (FMI), the pallet pooling market is estimated to exhibit 6% CAGR over the forecast period, to reach a valuation of more than US$ 11 Bn by the end of 2029.

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Key Takeaways of Pallet Pooling Market Study

  1. Pallet pooling has prominent application in the FMCG sector, as warehouses play a crucial role in this industry.
  2. In terms of material, plastic pallet pooling is estimated to witness notable demand, owing to high reliability, durability, and cost-effectiveness of plastic pallets as compared to other types.
  3. Globally, the pallet pooling market in GCC countries is estimated to witness lucrative growth, owing to the positive outlook for industrial trade activities in the region, particularly for the e-Commerce industry. The U.S. is expected to hold a leading share in the global market, registering a significant CAGR throughout the forecast period.
  4. In recent years, pallets tagged with RFID have become more popular amongst end consumers, owing to their ability to provide location and detailed information related to stacked products on pallets.
  5. Pallet pooling is a onetime investment business, in which, the owner has to purchase pallets and then pooling can be done with no enormous investment. As a result, the market offers high profit margins to its participants.
  6. For the effective operational efficiency of pallets, pallet service providers perform quality checks after every service cycle to provide high-quality pallets and efficient service cycles to end consumers. Continuous and high standard quality checks of pallets are estimated to help players in the global pallet pooling market gain a competitive advantage.

 “In the pallet pooling market, flexible payment profiles allow end consumers to pay rent monthly at fixed rental rates throughout the term of the agreement, and customisations can be made in rental agreement terms to suit the period of budget allocation and income patterns.”

Pallet Pooling Market: Competitive Landscape

The pallet pooling market is highly consolidated, owing to the presence of a limited number of pallet pooling service providers across the globe.

  • Brambles Limited,
  • Euro Pool Group,
  • Faber Halbertsma, and
  • Loscam

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Are considered being leading players in the pallet pooling market. Most market players are focusing on expanding their sales footprint in developing markets such as South Asia and the Middle East through the establishment of additional regional offices and sales partners.

PALLET POOLING MARKET TAXONOMY

Structural Design

  • Blocks
  • Stringers
  • Customised

Material

  • Wood
  • Composite
  • Plastic
  • Steel
  • Other Metals

End User

  • FMCG
  • Food & Beverages
  • Pharmaceuticals
  • Electronics
  • Chemicals
  • Others

Region

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

Focus on Technological Advancements in Pallet Pooling

Increasing requirement of technologically advanced pallet systems throughout the supply chain for lean management is anticipated to support the future growth of the global pallet pooling market.

Find More Insights on Pallet Pooling Market

This research report analyses the total sales value of the pallet pooling market based on revenue generated by market players from the target product. The market is forecasted based on factors such as warehouse traffic flow, adoption rate, government regulations, and sustainable development. The research report includes pallet management services catering to FMCG, food & beverages, chemicals & pharmaceuticals, and other related end-use industries.

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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 analysing 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.

For additional information, write to the analyst at press@futuremarketinsights.com

Audio Kits Market 2022 Key Players, End User, Demand and Consumption by 2029

Audio Kits is a comprehensive audio framework built by audio designers. An audio kit integrated with an electronic amplifier that amplifies low-power electronic audio signals such as the signal from radio receiver to a level that is high enough for driving loudspeakers or headphones. Audio kits are found in all manner of sound systems including sound reinforcement, public address and home audio systems and musical instrument amplifiers like guitar amplifiers. It is the final electronic stage in a typical audio playback chain before the signal is sent to the loudspeakers.

Key design parameters for audio kits are frequency response, gain, noise, and distortion. These are interdependent, increasing gain often leads to undesirable increases in noise and distortion. While negative feedback actually reduces the gain, it also reduces distortion. Most audio kits contain linear amplifiers operating in class AB.

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Audio Kits Market: Competition Landscape

Audio kits is the crucial for the optimum growth of plants and ensuring the required amount of nutrient dosing in irrigation water. Some of the prominent players manufacturing audio kits are STMicroelectronics, Texas Instruments, NXP semiconductors, Analog Devices, Infineon Technologies, Maxim Integrated Product Inc., Cirrus Logic Inc., Toshiba Corporation, on Semiconductor Corp., Qualcomm Incorporated, and among other audio kits market participants.

Audio Kits Market: Drivers and Restraints

Increasing number of IoT devices are estimated to boost the audio kits market

Today, IoT devices play a vital role in multiple organizations like healthcare, IT and telecom, BFSI, and manufacturing. IoT encompasses a broad range of products like sensors, actuators, and software, which are built into various smart devices like cars and houses. Therefore, the increasing number of IoT devices within the region is generating the requirement for the audio kits to be installed in IoT devices, and thus, is creating potential growth opportunities for the audio kits market.

Audio Kits Market: Segmentation

The audio kits market has been segmented on the basis of type, end user and region.

The audio kits market is segmented on the basis of channel type:

  • Mono channel
  • Two channel
  • Six channel
  • Others

The audio kits market is segmented on the basis of end user:

  • Automotive
  • Consumer Electronics
  • Telecommunication
  • Media and Entertainment
  • Others

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Audio Kits Market: Regional overview

Based on region, many prominent players of audio kits are present in North America due to the increasing popularity of consumer electronic devices, as well as the presence of several local manufacturers that provide audio kits. Moreover, the efficient electronics production in the North America region has encouraged several local and major players to initiate the manufacturing of audio kits.

Moreover, increasing consumer electronics in the Asia Pacific Excluding Japan is boosting the audio kits market in the region, which is encouraging several market players to boost their manufacturing capacity. For example, Cirrus Logic Inc., a leading manufacturer of standard and custom audio kits, has started manufacturing audio kits because of the increasing demand for the same in this region. In addition, many companies have install audio kits in automotive infotainment systems in this region.

The audio kits market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and 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 segment. The market report also maps the qualitative impact of various market factors on market segments and geographies.

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The report covers exhaustive analysis on:                                     

  • Audio kits Market Segments
  • Audio kits Market Dynamics
  • Audio kits Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies Involved in the Market
  • Technology
  • Value Chain of the Market
  • Market Drivers and Restraints

Report Highlights:

  • Detailed overview of parent Audio kits market
  • Changing Audio kits 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 of Audio kitsMarket
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

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Hand Tools Market Competitive Growth Strategies Based on Type, Applications, End User and Region

[192 Pages Report] Global Hand Tools Market to reach ~US$ 25.6 Bn by the end of 2031, growing at a CAGR of 3.9% over the forecast years (2021-2031).The construction sector has grown substantially over the past few decades. This growth trend is expected to continue in the next few years as a result of the growing number of new construction and renovation activities around the world. Hand tools Market are required components that are implemented in a variety of applications such as Industrial, household, and do-it-yourself (DIY) projects. Eventually, the growth in construction sector will lead to remunerative growth in the demand for hand tools Market.

The proliferation of do-it-yourself (DIY) culture owing to the rising labor costs in developed countries such as the UK, U.S., and Germany is anticipated to play a pivotal role in increasing the demand for hand tools. A study by Future Market Insights (FMI) has predicted the global hand tools market to reach  ~US$ 25.6 Bn by the end of 2031, growing at a CAGR of 3.9% over the forecast years (2021-2031).

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Customers have been increasingly adopting self-help approaches to modify and repair their homes. Furthermore, the primary factor driving the growth of the hand tool market is the increasing use of hand tools in the automotive industry for repair & maintenance purposes. Moreover, the increase in the use of hand tools in industrial applications is another driver of overall hand tools market growth.  As per FMI, the industrial segment will account for over 60% of hand tools sales through the course of the report’s forecast period.

Key Takeaways of Hand Tools Market Study

  • After recording negative growth in 2020 amid COVID-19, 2021 will be a year of recovery for the market, as it is forecast to exhibit over 3% Y-o-Y growth
  • The U.S. will remain a highly lucrative market, accounting for 80% of hand tools sold in North America
  • Within Europe, the U.K. will emerge as an important market, exhibiting a little above 3% Y-o-Y growth in 2021
  • Germany and France also will record consistently rising demand for hand tools through the forecast period
  • South Korea and Japan will emerge as attractive markets for sales in East Asia

“The hand tools market has been exhibiting consistent growth, despite temporary lull witnessed amid COVID-19. Factors such as the rapidly growing urbanization in developing economies and the adoption of technologically sound and innovative hand tools have been encouraging market players to focus on innovations. Moreover, increase in practice of DIY activities is expected to create positive prospects for hand tools market growth over the forecast period,” said a lead analyst at FMI.

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According to FMI, the market for hand tools is growing primarily due to the versatile features of hand tools such as the reduced size of the tool kit, maintenance & weight, and the increasing preference for multiple tools for multiple applications across various industries. Increasing customer preference towards DIY activities to surge the hand tools market globally.

Furthermore, high cost of maintenance and repair services for auto parts has created an urge among customers to execute do-it-yourself activities on their vehicles for short-term maintenance & repair. This has provided the manufacturers tremendous potential to manufacture hand tools and launch new & innovative products in the market.

Who is winning?

The hand tools market is a very competitive owing to presence of large number of small and medium sized manufacturers in the market. Leading manufacturers are gradually concentrating on positioning innovative technologies to design hand tools to improve the operating efficiency of commercial and industrial facilities. There is a fair amount of emphasis on innovation. Businesses functional in the hand tools market seek strategic collaborations with regional end-users and distributors to meet the needs of a growing consumer base.

Some of the leading players operating in the market are

  • Stanley Black & Decker, Inc.,
  • Snap-on Incorporated,
  • IDEAL INDUSTRIES, INC.,
  • Apex Tool Group,
  • KLEIN TOOLS INC.,
  • Emerson Electric Co.,
  • Akar Tools Limited,
  • Channellock, Inc.,
  • JK Files (India) Limited,
  • Kennametal Inc.,
  • Wera Tools

Hand Tools Market by Category

Product Type

  • General Purpose Tools
  • Metal Cutting Tools
  • Layout & Measuring Tools
  • Taps & Dies

Application

  • Industrial
  • Household and DIY

Sales Channel

  • Online Sales
  • Retail Sales
  • Distributor Sales

Region

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

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About the Report:

Future Market Insights, in its new report, offers an unbiased analysis of the global hand tools market, analyzing historical demand from 2016-2020 and forecast statistics for 2021–2031. The study reveals growth projections on the hand tools market on the basis of application (industrial and household & DIY), product type (general purpose tools, metal cutting tools, layout & measuring tools, and tapes & dies), and sales channel (online sales, retail sales, and distributor sales) across six key regions.

Blood Fluid Warming System Market is expected to witness healthy CAGR over 2026

Blood Fluid Warming System Market Overview

Hypothermia is a condition when the body temperature drops due to prolonged exposure to cold temperatures. The average body temperature is about 98.6 degrees Fahrenheit, basically with hypothermia the temperature drops below 95 degrees Fahrenheit. Hypothermia usually occurs due to the steadiness between the body’s heat generation and heat loss proceed for heat loss for a prolonged period. To avoid hypothermia warm clothing is used for protection. Also moderate environments can also lead to hypothermia, basically hypothermia depends on a person’s age, overall health, body fat, body mass and duration of time exposed to cold temperatures.

However there are other medical conditions such as diabetes and thyroid conditions, severe trauma, or using drugs, other medications or alcohol content can increase the risk of hypothermia. Blood warmer is a medical device which is used to warm blood or fluids before transferring to a patient, basically the device works by warming blood to a temperature that is safe for infusion. This device is usually used in emergency settings, intensive care units (ICU) and operating rooms so as to prevent hypothermia condition. The blood warmer consists significant features such as automatic adjustment of temperature to flow rate and easy to hear alarm system.

Blood/Fluid Warming System Market: Drivers and Restraints

The demand for blood/fluid warming system is fueled by increasing incidence of hypothermia cases. According to the Center for Disease Control (CDC) there are approximately 1,301 deaths caused due to hypothermia per year during the past decade. Increasing number of hypothermia cases in the cold countries is expected to boost the demand for blood/fluid warming systems during the forecast period.

The probability of hypothermia incidence is high in infants and geriatric population. Globally, it has been observed that the birth rate is increasing adding more infants to the existing population. Likewise, the average life expectancy rare is also increasing which in turn is expected to boost the demand for blood/fluid warming systems market.

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The demand for blood/fluid warming systems is also increasing in regions with ice skating and tourism where rate of accidents and mishaps cause high exposure to cold temperature which in turn is increasing the demand for blood/fluid warming systems. Increasing rate of surgical procedures performed on patients under anesthesia are also expected to promote demand for blood/fluid warming systems, ass patients under anesthesia cannot regulate their blood temperature blood/fluid warming systems are required to avoid complications related to unintended hypothermia.

Increasing incidence of diabetes, thyroid conditions and increasing rate of consumption of abusive drugs are some other factors responsible for causing hypothermia which in turn are expected to boost the demand for blood/fluid warming systems market. However the low awareness of blood/fluid warming systems in the emerging countries may lead to slower market growth in these regions.

Blood/Fluid Warming System Market: Overview

The blood/fluid warming systems market is largely penetrated by some key global players and is expected to witness healthy CAGR in terms of revenue owing to increasing applications and expansion in the patient pool suffering from chronic diseases like diabetes and geriatric population along with increasing number of surgical procedures performed globally. The entry of new players and development of enhanced technology in the blood/fluid warming systems market is expected to create fierce competition in the market.

Blood/Fluid Warming System Market: Regional Overview

Geographically, the global Blood/Fluid Warming System market is classified into regions namely, North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan (APEJ), Japan, Middle East and Africa (MEA).

North America dominates the global blood/fluid warming system market followed by Asia-Pacific and Europe. North America and Western Europe regions are expected to witness high growth due to increased adoption of blood/fluid warming systems and due to high incidence rate of hypothermia cases in these regions.

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APEJ is expected to witness comparatively higher growth rate as compared to other regions, mainly due to high geriatric and diabetic population. Eastern Europe and Japan are also expected to gain substantial market growth due to clod temperature in these regions. Latin America and MEA are expected to witness sluggish market growth due to lower incidence rate of hypothermia however increasing changing demographics and healthcare spending may boost the blood/fluid warming systems market in these regions during the forecast period.

Blood/Fluid Warming System Market: Key Players

Some of the major players operating in the market for Blood/Fluid Warming System are Emit Corporation, GE Healthcare, The 3M Company, Meridian Medical Systems, Smiths Medical, CareFusion, The 37Company, Barkey GmbH, Foshan Keewell and Becton, Dickinson and Company.

The report covers exhaustive analysis on:

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

Regional analysis includes

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

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

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Blood/Fluid Warming System Market: Segmentation

The global blood/fluid warming system market is classified on the basis of product, distribution channel, application and regional presence.

Segmentation by Product

  • Surface warming system
  • Intravenous warming system
  • Patient warming accessories

Segmentation by Distribution channel

  • Hospitals
  • Clinics
  • E-Commerce

Segmentation by Application

  • Acute care
  • Preoperative care
  • New born care
  • Home care
  • Others

Report Highlights:

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

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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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Heat Pumps Market to Hit US$ 50 Bn Mark by 2030 : FMI Study

According to FMI’s recent study, the global heat pumps market was valued at around US$ 32 Bn in 2019 and is estimated to expand at a CAGR of 5% over the forecast period of 2020-2030, with a limited impact of the current pandemic situation on long-term growth forecasts. Increasing demand for tech-advanced cooling solutions with low carbon footprint, government initiatives to curb greenhouse gas emissions, and advancements in heating, ventilation, and air conditioning (HVAC) systems are factors contributing to the revenue pool of the global heat pumps market.

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Amidst the global health crisis, cooling as well as heating systems are critical to fulfil the immediate needs of consumers, such as providing thermal comfort in hospitals and homes, preserving food and medicines, and keeping data centers running. In line with this, refrigeration and heat pumps are essential for consumers.

As the world attempts to fight the COVID-19 pandemic, it has led to delayed production across several heat pump production facilities in major coronavirus hit countries such as the US, China, and Germany, This is expected to dampen heat pump sales by around US$ 1 Bn in 2020. Moreover, the COVID-19 pandemic will significantly impact consumer behavior in the short term, with domestic shipments from China for air source heat pumps (ASHPs) registering drop of over one-third in January 2020.

The global heat pumps market will witness v-shaped recovery growth, owing to rising inclination towards innovative construction solutions, especially in countries such as India, China, and Mexico.

Key Takeaways from Heat Pumps Market Study

  • Air-water heat pumps are finding immense use in domestic hot water, floor heating, and space heating/cooling applications.
  • Heat pumps having flexible or twin-speed features to reduce energy consumption and improve overall efficiency throughout are likely to garner substantial traction over the forecast period.
  • Demand for CO2 refrigerant heat pumps is expected to increase, given its excellent recyclability, low cost, and environment-friendly attributes.
  • Hybrid heat pumps are likely to see significant rise in adoption, owing to their high efficiency, lower energy consumption, and cost effectiveness as compared to other heat pumps.
  • Air-source heat pumps continue to grab huge attention of market players, owing to their low installation cost and high demand in North America and Western Europe.

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“As the world moves towards sustainable and green energy solutions, heat pumps are expected to replace conventional heating systems rapidly in the near term. In addition, the ongoing coronavirus (COVID-19) spread can alter how companies organize their supply chains in the coming years, with more stress being layed on decentralization”.

HEAT PUMPS MARKET TAXONOMY

The global heat pumps market is segmented into six segments in detail to cover every aspect of the market and present complete market intelligence to the readers.

Type

  • Air-water Heat Pumps
  • Air-air Heat Pumps
  • Ground Source Heat Pumps
  • Hybrid Heat Pumps

Power Source

  • Electric
  • Others (Gas Driven)

End User

  • Residential
  • Commercial
  • Industrial

Refrigerants

  • HFC
  • CO2
  • Ammonia
  • Hydrocarbon
  • Others

System Type

  • Air-source Heat Pumps
  • Ductless Mini-split Heat Pumps
  • Geothermal Heat Pumps
  • Absorption Heat Pumps

Region

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

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Heat Pumps Market: Competitive Landscape

The study provides vital insights of the competition landscape in the heat pumps market, along with various strategies adopted by prominent players. The global heat pumps market is fairly competitive, with manufacturers offering identical products. Some of the key manufactures in the heat pumps market are Panasonic Corporation, Mitsubishi Electric Corporation, Daikin Group, NIBE Group, and Danfoss Group Global.

Market participants are investing in R&D activities to develop new products with better energy efficiency, and are also focusing on providing aftersales services.

Construction Applications to Account for Over Three out of Ten Power Tools Sold through 2030:FMI New Study

The global power tools market is expanding at a significant rate on the back of consumer inclination towards cordless power tools. This is anticipated to remain the key defining factor in the power tool market. As per Future Market Insights (FMI) analysis the global power tools market is expected to be reach US$ 33.36 Bn in 2021.  The demand is expected to soar as construction activities surge around the world. According to FMI, construction applications will account for maximum sales in the market through the forecast period. Besides this, the rising trend of do-it-yourself activities will fuel sales opportunities for the market.

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The COVID-19 pandemic has severely affected the global economy. Resulting in manufacturing plants shutdowns, coupled with supply chain disruptions owing to nationwide lockdowns across the globe, subsequently resulting in the plunge in the power tools market growth. However, the market is expected to recover sharply as the economic activities resume post the containment of pandemic. Manufacturers are focusing on scaling up their production capabilities with improved production rate creating positive prospected for the power tools market growth.

Key Takeaways of Global Power tool Market Study

  1. Power tools market will exhibit growth of 0.2% in 2021 over 2020 to reach 4,3%
  2. Overall outlook remains positive as FMI forecasts the market to rise at ~5.1% between 2021 and 2031.
  3. U.S. is expected to spearhead growth in North America, accounting for over 62% of overall share in the region in 2021
  4. U.K. is expected to exhibit 4.6% year-on-year growth between 2021 and 2031
  5. Outlook for Italy and France is expected to remain positive over the forecast period

“The power tools market is witnessing a strong growth trend, attributing to increasing demand from various end use industries. Key industry participants are focusing on developing partnerships with regional distributors in order to gain a competitive advantage in the evolving global market. To comply with the advent of online sales channel, adoption of e-commerce will create extensive opportunities for market participants during the forecast period.” says FMI analyst.

Global Power tool Market Competitive Landscape

The global power tools market is highly competitive market owing to presence large number of global and regional players operating in the market. Manufacturers are focusing on research and development for innovative improvements in their product portfolio, expansion in untapped markets coupled with developing their business via e-commerce platforms to gain competitive edge.

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Some of the leading manufacturers of power tool market are

  • Robert Bosch GmbH,
  • Stanley Black & Decker Inc.,
  • Makita Corporation,
  • Techtronic Industries Company Limited,
  • Koki Holding, Co.,
  • Ingersoll Rand Inc.,
  • Apex Tools,
  • Hilti Corporation,
  • Snap-on Incorporated, among others.

Key Segments

Product Type

  • Drilling Tool
  • Fastening Tool
  • Heat Gun
  • Angle Grinder
  • Chain Saw
  • Orbital Sander
  • Jigsaw
  • Impact Wrench
  • Circular Saw

Technology

  • Electric
    • Corded
    • Cordless
  • Pneumatic

Application

  • Manufacturing
    • Metal Fabrication
    • Automotive
    • Railways
    • Aerospace
    • Furniture
    • Others
  • MRO Services
    • Facility Management
    • Automotive
    • Aerospace
    • Other Industrial
  • DIY
  • Construction

Sales Channel

  • Online
  • Offline

Region

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

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Key Questions Answered in the Report

Q1. Which is the most lucrative market for power tools?

U.S. currently leads the global market for power tools. Sales in U.S. will be over 13% of total demand throughout the forecast period.

Q2. Which are the top-selling power tools?

Drilling Tools and Jigsaws are highly sought-after for many applications. The demand for Drilling Tools and Jigsaws is expected to remain high in the near future, especially due to its proliferated usage across different application across various applications.

Q3. Which application of power tools is highly sought-after?

Power tools are widely used in construction and manufacturing applications. Their usage in metal fabrication, railways, aerospace, automotive is rising day-by-day.

Q4. Which are some of the leading companies providing power tools?

Some of the leading companies manufacturing power tools are Robert Bosch Power Tools GmbH, Stanley Black & Decker, Inc., Makita Corporation, Hilti Corporation, etc.

Q5. Which technology of power tools is driving high sales?

The electric power tools specifically cordless power tools are driving sales of power tools because they are comparatively higher efficiency and durability and easy manoeuvrability and portability.

Valuable Insights into Global Power Tools Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global power tools market, presenting historical demand data (2015-2019) and forecast statistics for the period from 2020-2030. The study divulges compelling insights on the power tools market based on backing product type (drilling tools, fastening tool, heat gun, angle grinder, chain saw, orbital sander, jigsaw, impact wrench, circular saw), technology (electric and pneumatic), application  (manufacturing, MRO services, DRO, construction), and sales channel (offline and online) across six regions (North America, Latin America, Europe, East Asia, South Asia, and the Middle East and Africa).

Vegetable Glycerin Market 2022 Key Players, SWOT Analysis, Key Indicators and Forecast to 2026

Vegetable glycerin is natural product extracted from vegetable oil by heating oil at a very high temperature under water pressure. It is produced from palm oil, soy, coconut/ palm oil and others.  In terms of taste and color, vegetable glycerin is odorless, colorless and has a sweet flavor. Primary demand for vegetable glycerin is in food and beverage, personal care products and medicines. In food and beverage industry, vegetable glycerin is used as a sugar substitute or sweetener and in personal care and cosmetic products, it is often used in skin care products to make skin moist and healthy. North America and Western Europe are expected to gain largest market share in terms of value and volume during the forecast period.

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Global Vegetable Glycerin Market: Market Drivers

Some of the key drivers which are influencing the demand for vegetable glycerin are from the food and beverage manufacturers as it helps to thicken and control the moisture level in food. The majority demand for vegetable glycerin is from processed food manufacturers in which it is added as a humectant and used for preservative purpose. It is also gaining its demand from dairy and confectionery manufacturers where it is primarily used as sweetener. Demand for vegetable glycerin in personal care manufacturers and pharmaceutical industry is also increasing as it often used in moisturizing skin care products. In the global market, demand for vegetable glycerin is also driving due to increasing number of health conscious consumers as in compare to sugar, vegetable glycerin is less sweetens than sugar. Moreover, it is also preferred by consumers seeking for food and beverages with the lower amount of carbohydrates.

Global Vegetable Glycerin Market: Market segmentation

Vegetable glycerin market is segmented on the basis of by source, by grades and by application. Market segment as by source includes palm oil, soy, coconut/palm oil and others (grape seed). Vegetable glycerin market is segmented on the basis of grades such as food grade, pharm grade and industrial grade. Vegetable glycerin market segmentation on the basis of application, it includes food and beverages, personal care and cosmetics and medicines. On analyzing the demand for vegetable glycerin in the global level market, it assesses that majority of its application is from food and beverage industry followed by personal care and cosmetic products. Recently the demand for vegetable glycerin is increased in food industry as it is used as a thickener, wetting agent and as a sweetener.  It is mostly used as a food additive in food industry such as in confectionery products, dairy products, prepared and processed food products and many other food products. On the other side, its demand is also expected to increase in personal care and cosmetic industry as it used as a humectant in skin care products, body lotions, shampoos, soaps etc. In pharmaceutical, vegetable glycerin is used as an ingredient in medicines and ointments.

Global Vegetable Glycerin Market: Regional Outlook

On the basis of regional segment, vegetable glycerin market is segmented in seven regions including North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan and the Middle East & Africa. On analyzing the market share on graph, it is expected that North America and Western Europe accounts to majority of share in terms of value in global vegetable glycerin market. Furthermore, increasing demand for confectionery, dairy and processed food products and personal care and cosmetic products among the urban population in developing regions shows that Asia-Pacific is expected to be one of the attractive market in near future.

Global Vegetable Glycerin Market: Key players

Some of the key players operating in global vegetable glycerin market are Procter & Gamble, NOW Foods, VVF L.L.C., Cargill, Incorporated, Dutch Glycerin Refinery (DGR), The Dow Chemical Company, Parchem fine & specialty chemicals , Avril Group, Essential Depot, Inc. among others.

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The Report covers exhaustive analysis on:

  • Global Vegetable Glycerin  Market Segments
  • Market Dynamics of Global Vegetable Glycerin  Market
  • Historical Actual Market Size, 2013-2015 for  Global Vegetable Glycerin  Market
  • Global Vegetable Glycerin  Market Size & Forecast 2016 to 2026
  • Value Chain
  • Global Vegetable Glycerin  Market Current Trends/Issues/Challenges
  • Competition and Companies involved in Global Vegetable Glycerin  Market
  •  Global Vegetable Glycerin  Market Drivers and Restraints

Regional analysis for Global Vegetable Glycerin Market includes:

  • North America
    • U.S. & Canada
  • Latin America
    • Brazil, Argentina & Others
  • Western Europe
    • EU5
    • Nordics
    • Benelux
    • Rest of western Europe
  • Eastern Europe
    • Russia
    • Poland
    • Rest of Eastern Europe
  • Asia Pacific
    • Australia and New Zealand
    • China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Japan
  • Middle East and Africa
    • GCC Countries
    • North Africa
    • South Africa
    • Rest of MEA

Report Highlights:

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

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Contact Us:                                                            

Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com