Global EV Charging Cables Market Share Projected to Surpass USD 16,992.56 Million by 2034, Growing at an Outstanding 22.24 CAGR

The global EV charging cables market is projected to exceed USD 16,992.56 million by 2034, expanding at a compound annual growth rate (CAGR) of over 22.24% from 2024 to 2034, according to Future Market Insights (FMI). The growing demand for EV charging cables is largely driven by the continuous development and adoption of new technologies within the electric vehicle market. Additionally, increased global investment in EV charging infrastructure and the rising demand for electric vehicles are key factors fueling the expansion of the EV charging cable market.

Post-COVID, the acceleration of infrastructure development and industrial activities has further stimulated market growth. Moreover, rapid urbanization has led to increased deforestation worldwide, indirectly boosting the demand for EV charging cables as the need for sustainable transportation options becomes more pressing.

The growing demand for EV charging cables is closely linked to the expansion of charging infrastructure, particularly in developing regions where the manufacturing industry is on the rise. Advancements in production technologies are also contributing to the global increase in EV charging cable sales.

Looking ahead, a growing number of manufacturers are expected to drive market growth by intensifying their research and development efforts focused on improving EV charging cables. This increased focus on innovation will likely play a significant role in the market’s expansion over the coming years.

Key Takeaways from EV Charging Cable Market Study

  • Private charging segment held around 92% of the volume share of the global market in 2021, owing to the more preferable by electric vehicle users.
  • The demand from combination plugs (CCS Plugs) connector type is set to surge at CAGR of approximately 28.2% by the end of forecast period.
  • East Asia dominated the global EV charging cable market in 2021 with a demand share of around 49.3%.
  • Key manufacturers in the market are focusing on developing and producing EV charging infrastructure globally.

“The EV charging cable demand is expected to boost on the back of increasing investments in EV charging infrastructure development, especially in developing countries. Hence, key players are eyeing the East Asia and South Asia market to capitalize on growing adoption of electric vehicles across Japan, China, and India” – says a Future Market Insights analyst.

Who is winning?

The EV Charging Cable Market is moderately fragmented with more than 100 players across the region, key players accounting for around 30-35% of the market share. In order to achieve more sales top companies are creating contracts with end users and developing custom products according to needs of the customer along with that manufacturers have focused on enhancing their sales network in order to achieve strong global presence.

Some of the key players in this industry include but are not limited to OSRAM Licht AG, Phoenix Contact, DYDEN Corporation, Prysmian S.p.A., TE Connectivity, Leoni AG, Aptiv, Tesla Inc., Huber & Suhner AG, Eland Cables, Coroplast, BRUGG Group, and BESEN Group.

Find More Valuable Insights:

The research report analyzes demand for EV Charging Cable market. The global EV Charging Cable Market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends and market background. As per Future Market Insights, the market has been analyzed on the basis Power Supply Type, Charging Speed, Mode Type, Connector Type, Application, Cable length, Shape – Forecast to 2022 – 2032 and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, supply side and demand factors.

Key Segmentations:

By Power Supply Type:

  • AC Charging
  • DC Charging

By Charging Speed:

  • Slow (Under 3 kW)
  • Fast (7 kW – 22 kW)
  • Rapid (50 kW – 100 kW)
  • Ultra-Rapid (Above 100 kW)

By Mode Type:

  • Mode – 1
  • Mode – 2

By Connector Type:

  • Type – 1
  • Type – 2
  • Combination Plugs (CCS Plugs)
  • CHADeMo Plug

By Application:

  • Private charging
  • Public charging

By Cable Length:

  • 2-5 meters
  • 6-10 meters
  • >10 meters

By Shape:

  • Straight
  • Coiled

By Region:

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

Access Report Details for More In-Depth Information!

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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
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Global Explosion Proof Equipment Market Revenue Anticipated to Reach USD 10,160.5 Million by 2033, Driving Steady Growth of 3.4% CAGR

The global explosion proof equipment market is forecast to experience a moderate growth of 3.4% CAGR over the estimated time period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of USD 10,160.5 million in 2033, rising from USD 7,520.18 million in 2023.

Explosion proof equipment is the most requested equipment by industrial facilities to lower the risks of electrical sparks in various tools and machines. Due to the strict laws pressed by governing bodies of several countries to keep workers and environmental safety in check, manufacturing industries are increasingly deploying explosion proof equipment. Thus, fueling the market expansion over the forecast period.

Oil and gas service firms also depend upon explosion proof equipment to avoid any harmful situation, like exposure to flammable gases, exposure to harmful substances, and release of hydrocarbon. Furthermore, a substantial surge in the establishment of offshore oil production sites and heightened demand for energy are also boosting the adoption rate of explosion proof equipment.

Manufacturers are releasing automated products with signaling systems, spark-resistant devices, industrial monitors, and media converts that can operate in harsh conditions. These innovations are expected to boost overall sales in the forecast period.

Top Highlights from the FMI’s Analysis of the Explosion Proof Equipment Market:

  • The United States is expected to acquire a 27.2% market share in 2023. The massive hold of the United States reflects lucrative opportunities for relevant businesses.
  • In the year 2023, Germany is projected to have a 7.2% stake in the market. Since Germany is at the forefront of innovation. With the backdrop of intense competitiveness, manufacturers with better business strategies and market command are expected to thrive in the country.
  • Japan’s share in the market is 5.5%. The country presents enterprises with attractive business opportunities for the assessment period.
  • With a mere share of 0.5%, the explosion proof equipment industry in Australia appears to be at its nascent stage. However, the market offers expansion opportunities for businesses willing to take up the challenges associated with breaking new ground.
  • With a slight difference in their pace, India and China are expected to observe market growth of 4.5% and 4.1%. The relatively higher growth rate in these countries reflects increasing investments by manufacturers over the next ten years.
  • The Class 1 flammable substances segment is expected to gain an enormous market share of 40% in 2023.
  • The Zone 1 explosive characteristics segment is expected to acquire a 27% value share in 2023.

Key Players in the News:

  • ARCHON Industries, Inc. revealed that it is introducing its new explosion-proof light called EX20-100 luminaire in August 2022. The light has been designed to constantly brighten distillation columns, tanks, process vessels, and other industrial products in hazardous and non-hazardous areas.
  • Mitsubishi Heavy Industries, Ltd. (MHI), collaborating with ENEOS Corporation, announced in April 2022 that the development of a 2nd Gen EX ROVR has been completed. 2nd Gen EX ROVR is a plant inspection robot equipped with explosion-proof attributes. With the use of this robot, companies can boost work efficiency, enhance worker safety, and improve facility operating rates by executing round-the-clock inspections in areas with potentially explosive conditions.
  • Pyroban reintroduced Ex Solutions Consulting to facilitate a surging number of manufacturers requiring help with Ex design and certification requirements or to fill a skills gap. The service assists manufacturers to transport explosion-proof products to market quickly, with minimal expenses.

Top Players in the Industry:

  • Adalet
  • Siemens
  • Honeywell International Plc.
  • Rockwell Automation Inc.
  • ABB
  • Eaton Corporation
  • Emerson Electric Co.
  • Waram Technology Inc.
  • WorkSite Lighting
  • Extronics Ltd.
  • Allay Industry Co. Ltd.

Key Segments Profiled in The Explosion Proof Equipment Industry Survey:

By Protection Type:

  • Explosion Proof/Explosion Containment
  • Explosion Prevention/Limiting Energy
  • Explosion Segregation

By Flammable Substances:

  • Class 1
  • Class 2
  • Class 3

By Area Classification:

  • Division I
  • Division II

By Explosive Characteristics:

  • Zone 0
  • Zone 1
  • Zone 2
  • Zone 20
  • Zone 21
  • Zone 22

By Region:

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

Access Report Details for More In-Depth Information!

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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
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FMI Analysis Affirms Global Agricultural Sprayers Market Revenue Forecasted to Reach USD 5,499.5 Million by 2033, Growing at a CAGR of 5.9%

The global agricultural sprayers market is anticipated to achieve a substantial size, projected to reach USD 3,106.1 million by 2023, with a subsequent growth rate forecasted at 5.9% CAGR between 2023 and 2033. By the conclusion of 2033, total sales within the agricultural sprayers sector are expected to yield revenues amounting to USD 5,499.5 million.

One of the primary drivers stimulating the demand for agricultural sprayers worldwide is the increasing emphasis on farm mechanization to meet the growing demand for food. Additionally, the rising popularity of self-propelled and aerial sprayers is contributing significantly to the surge in demand for agricultural sprayers across various regions.

Agricultural sprayers serve as essential equipment utilized for the application of liquid substances such as fertilizers, pesticides, and herbicides to crops or plants. Through the efficient use of agricultural sprayers, farmers can effectively manage crop health throughout the crop growth cycle, ensuring optimal yields and crop quality.

Growth Factors:

The rapid transition from traditional manual farming methods to advanced mechanized farming practices, particularly in key agricultural regions like China, India, and the United States, is poised to drive significant growth in agricultural sprayer sales over the coming decade.

The evolution of modern agricultural techniques plays a pivotal role in shaping the trajectory of the agricultural sprayers industry. The advancement and widespread adoption of precision farming methodologies offer substantial benefits to agricultural entities, including production corporations, cooperatives, operators, and governmental bodies at local levels.

Furthermore, another crucial catalyst expected to propel the expansion of the global agricultural sprayers market is the escalating concerns surrounding food insecurity, stemming from the exponential growth in population coupled with a decline in arable land availability. As such, the imperative to enhance agricultural productivity and efficiency through the adoption of advanced spraying technologies becomes increasingly paramount, driving the demand for agricultural sprayers worldwide.

Recent Developments:

In September 2022, a groundbreaking innovation entered the agricultural landscape with the introduction of Herbicide GUSS, an autonomous herbicide orchard sprayer developed by GUSS Automation. Positioned as the first and sole autonomous sprayer of its kind, this revolutionary product offers farmers unprecedented convenience and safety. Available exclusively at select John Deere dealerships, the Herbicide GUSS is equipped with cutting-edge technology that enables remote monitoring via a laptop, effectively eliminating the need for direct exposure to any sprayed chemicals.

In a strategic move aimed at further advancing agricultural spraying technology, AGCO Corporation made a significant investment in December 2021. AGCO acquired a 2.9% equity stake in Greeneye Technology, a prominent leader in AI-driven spraying equipment headquartered in Israel. This partnership underscores AGCO’s commitment to embracing innovative solutions and leveraging the power of artificial intelligence to enhance spraying efficiency and precision in agriculture. Through this collaboration, AGCO aims to drive forward the development of state-of-the-art spraying equipment that offers unparalleled performance and sustainability in crop protection.

Key Companies:

  • AGCO Corporation
  • Bucher Industries AG
  • Buhler Industries Inc. (Rostselmash)
  • CNH Industrial N.V.
  • Deere and Company
  • EXEL Industries
  • Jacto Inc.
  • KUBOTA Corporation
  • Mahindra and Mahindra Limited
  • STIHL
  • Yamaha Motor Co., Ltd.
  • Crystal Crop Protection Limited
  • Househam Sprayers Limited
  • John Rhodes AS Limited
  • Boston Crop Sprayers Limited
  • Avison Sprayers
  • ASPEE India
  • Taizhou Sunny Crop Machinery Co., Ltd

Key Segmentations:

By Type:

  • Handheld
  • Self-Propelled
  • Tractor Mounted
  • Trailed
  • Aerial

By Farm Size:

  • Large
  • Medium
  • Small

By Nozzle Type:

  • Hydraulic
  • Gaseous
  • Centrifugal
  • Thermal

By Power Source:

  • Fuel Based
  • Electric and Battery Driven
  • Solar
  • Manual

By Capacity:

  • Ultra-Low Volume
  • Low Volume
  • High Volume

By Crop Type:

  • Cereals
  • Oilseeds
  • Fruits and Vegetables
  • Other Crop Types

By Usage:

  • Field Sprayers
  • Orchard Sprayers
  • Gardening Sprayers

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Russia and Belarus
  • Balkan and Baltics
  • Central Asia
  • South Asia Pacific
  • East Asia
  • Middle East and Africa

Access Report Details for More In-Depth Information!

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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

FMI Projection Affirms Global Cryogenic Valves Market Size Projected to Reach USD 5.73 Billion Milestone by 2033, Growing at 4.9% CAGR

The global cryogenic valves market is projected to be valued at USD 5,731.4 Million by 2033, growing at a CAGR of 4.9% from 2023 to 2033. Global market expansion is predicted to be fueled by rising demand for cryogenic gases from a range of end-use industries throughout the course of the forecast period. Rising investments in gas-powered power plants and the development of new technologies will most likely drive the industry. Additionally, new opportunities for market players are being created by the expansion of the chemical and food and beverage sectors in Asia Pacific.

Besides, growth can be attributed to the ongoing expansion of the industrial and healthcare sectors worldwide. Increasing demand for cryogenic gases such as LNG and liquid helium in rockets is likely to augur well for the global market. Also, MRI machines require cryogenic cooling, while the food sector needs to store large quantities of food, which would aid growth. The increasing development of green energy worldwide is also expected to drive growth.

Moreover, increasing demand for energy across the globe is likely to aid the global market. Governments of various emerging economies are taking several initiatives to accelerate power production and develop their infrastructures. As per the India Brand Equity Foundation (IBEF), by 2022, the country is likely to become the world’s third largest construction market. India is estimated to need investments worth USD 777.73 Billion across infrastructure for a sustainable development by 2022. These factors are projected to help the global market to grow at a rapid pace.

Key Takeaways from the Market Study:

  • By valve type, the gate valves segment is expected to grow at a CAGR of 9% during the forecast period.
  • By gas, the LNG gas segment is anticipated to dominate the market and account for about 1/3rd of share.
  • By end use, the power & energy segment is projected to lead the cryogenic valves market and create an absolute dollar opportunity worth USD 128.8 Million during the forecast period.
  • In terms of region, sales of cryogenic valves in South Asia & Pacific are estimated to exhibit a CAGR of 0%.
  • The China cryogenic valves market is estimated to grow at a CAGR of 7% in the assessment period.

“Increasing implementation of stringent regulations for emission control in the power generation sector and rising adoption of refrigeration systems in the F&B sector are creating new growth opportunities for cryogenic valves manufacturers,” says a Future Market Insights analyst.

Competitive Landscape: Cryogenic Valves Market

Some of the key players in the global market are Flowserve Corp., Herose, Emerson Electric, L&T, Samson, Cryocomp, Habonim, Parker Hennafin, Bray Corp.,Velan, Weir Group, Powell Valves LTD., BAC, Kitz Corporation, Mack Valves, YPS Valves Ltd, and OMB Valves SpA among others. Manufacturers are strategically collaborating with technology partners for maintaining strong relations. They are also looking forward to helping the oil and gas industry by providing technologically advanced products.

Get More Insights on the Cryogenic Valves Market:

The research report analyses the market demand trend for cryogenic valves. The global market is based on macroeconomic factors, market trends & market background. As per Future Market Insights’ research scope, the cryogenic valves market report is studied and analyzed in the following segments such as by valve type, by gas, end use & regions. The cryogenic valves market report gives us qualitative and quantitative information about the companies.

Key Segments Covered in Cryogenic Valves Market Analysis:

By Valve Type:

  • Globe Valve
  • Gate Valve
  • Check Valve
  • Ball Valve
  • Others

By Gas Type:

  • Nitrogen
  • LNG
  • Oxygen
  • Hydrogen
  • Liquid Petroleum
  • Ethylene

By End Use:

  • Food & Beverage
  • Healthcare
  • Chemicals
  • Energy & Power
  • Others

By Region:

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

Access Report Details for More In-Depth Information!

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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

FMI Analysis Affirms USA Hydrogen Electrolyzer Market Share to Exceed USD 790.8 Million by 2033, Driven by an Outstanding 23.8% CAGR

The USA hydrogen electrolyzer market is poised for remarkable growth, with projections indicating a robust CAGR of 23.8% from 2023 to 2033. By 2033, it is expected to attain a valuation of approximately USD 790.8 million, marking substantial expansion from the anticipated valuation of around USD 93.2 million in 2023.

Notably, the demand for polymer electrolyte membrane (PEM) electrolyzers is anticipated to play a pivotal role, contributing to over 45% of the market value share by 2023. This significant market share is attributed to the sustained demand for supplementing the natural gas grid to enhance efficiency and facilitate vehicle fueling.

Hydrogen-producing electrolyzers serve as pivotal devices, employing electrolysis to produce hydrogen through the separation of oxygen and hydrogen molecules, driven by electrical energy. As the market continues to evolve, these electrolyzers are expected to play a crucial role in meeting the growing demand for hydrogen across various sectors.

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Growth Factors

The surge in demand for hydrogen electrolyzers in the USA can be attributed to several factors, including legislative initiatives aimed at reducing carbon emissions and increasing financial backing for renewable energy initiatives. The market stands to witness significant growth with the emergence of new and more efficient electrolyzer technologies.

Government-led endeavors to mitigate carbon emissions play a pivotal role in propelling sales of hydrogen electrolyzers. In the USA, legislative measures and policies are actively promoting the adoption of sustainable energy alternatives, particularly hydrogen fuel.

For instance, the USA General Services Administration (GSA) has committed to transitioning to exclusively renewable energy sources for its federal real estate portfolio by the year 2025.

Moreover, the hydrogen electrolyzer industry is expected to receive a boost from substantial adaptations in manufacturing processes triggered by the pandemic in 2020. As businesses pivot towards cleaner, more reliable, and environmentally friendly energy sources, strategic alignment becomes imperative.

Market Trends

The utilization of hydrogen in refinery hydro-processing has witnessed a notable uptick in recent years, along with a growing presence in various secondary end-user sectors, driving demand in the USA.

Specifically, the USA has experienced a significant surge in the demand for hydrogen, particularly in the production of ultra-low sulfur diesel fuel.

Furthermore, the escalating demand for environmentally sustainable energy sources has propelled the market expansion of hydrogen electrolyzers in the USA. This surge is fueled by the increasing preference for cleaner energy alternatives.

Additionally, there is a notable trend towards on-site hydrogen generation among diverse end users, owing to several compelling environmental and economic advantages. These benefits include reduced transportation costs and emissions, as well as mitigated risks associated with gas handling and storage inadequacies.

Key Companies

  • ABB Ltd.
  • Bloom Energy
  • Nel Hydrogen
  • Air Liquide
  • Plug Power Inc.
  • Giner Inc.
  • Ballard Power Systems
  • ITM Power Plc
  • Siemens AG
  • Tianjin Mainland Hydrogen Equipment Co. Ltd
  • Gaztransport & Technigaz
  • Pure Energy Centre
  • Idroenergy
  • Erredue SpA
  • Swiss Hydrogen SA
  • Shandong Saikesaisi Hydrogen Energy Co., Ltd.
  • Next Hydrogen

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USA Hydrogen Electrolyzer Market Outlook by Category

By Product Type:

  • Polymer Electrolyte Membrane (PEM) Electrolyzer
  • Alkaline Electrolyzer
  • Solid Oxide Electrolyzer

By Capacity:

  • Low (<= 150 kW)
  • Medium (150kW to 1mW)
    • 150 to 400 kW
    • 400 to 750kW
    • 750 to 1mW
  • High (> 1mW)
    • 150 to 400 kW
    • 400 to 750kW
    • 750 to 1mW

By Outlet Pressure:

  • Low (≤10 bar)
  • Medium (10 bar to 40 bar)
  • High (≥ 40 bar)

By End-use Industry:

  • Ammonia
  • Methanol
  • Refinery/Hydrocarbon Processing
  • Electronics
  • Energy
  • Power to Gas
  • Transport
  • Metal Production & Fabrication
  • Pharma & Biotech
  • Food & Beverages
  • Glass Industry
  • Others

By Region:

  • West USA
  • Midwest USA
  • Northeast USA
  • South USA

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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 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

United Kingdom Photovoltaic Mounting System Market Anticipated to Grow at 8.4% CAGR and Reach US$ 1643.8 Million by 2033

The United Kingdom Photovoltaic Mounting System Market is set to witness a sustained dominance of ground-mounted PV systems, as they maintain their position as the preferred choice for large-scale installations. However, over the next decade, the sales of rooftop-mounted PV systems are projected to outpace both ground-mounted and carport-mounted alternatives. This surge in rooftop installations can be attributed to various factors, including increased awareness of the benefits of distributed generation, favorable government incentives, and growing interest from residential and commercial consumers in harnessing solar energy to meet their electricity needs.

The United Kingdom photovoltaic mounting system market size is set to increase from US$ 730.9 million in 2023 to US$ 1643.8 million by 2033. Overall sales of photovoltaic mounting systems in the United Kingdom will surge at 8.4% CAGR through 2033.

Ground mounted PV systems segment will continue to dominate the United Kingdom market. While sales of rooftop mounted PV systems will outpace both ground mounted and carport mounted ones over the next ten years.

Growing demand for renewable energy and government initiatives to promote clean energy are key factors driving the market.

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In recent years, the United Kingdom has become a lucrative market for photovoltaic mounting system manufacturers. This is due to rising adoption of renewable energy sources and favorable government initiatives.

These initiatives include the Feed-In Tariff (FIT) scheme, which provides financial incentives for homeowners and businesses to install renewable energy systems, including photovoltaic mounting systems.

The Renewable Energy Association (REA) is also playing a significant role in promoting the use of renewable energy in the United Kingdom.

The combination of government incentives and the efforts of industry bodies such as the REA will continue to drive the adoption of photovoltaic systems in the United Kingdom. This in turn will support the expansion of the United Kingdom photovoltaic mounting system market.

Further, development of novel photovoltaic mounting systems is likely to boost the United Kingdom market through 2033.

Key Takeaways from the United Kingdom Photovoltaic Mounting System Market Study

  • Photovoltaic mounting system sales in the United Kingdom will surge at 4% CAGR through 2033.
  • By 2033, the United Kingdom market value will exceed US$ 1,643.8 million.
  • Based on product type, ground mounted photovoltaic system segment will hold around 59%market share during the estimated period.
  • In terms of sales channel, B2C is likely to account for more than 37%of the United Kingdom market.
  • By end use, residential segment will thrive at 3% CAGRover the next ten years.

“Adoption of photovoltaic mounting systems in the United Kingdom is being pushed by rising demand for renewable energy and government initiatives & incentives. Concerns regarding high costs of initial investment could deter a sizeable chunk of buyers. To this end, manufacturers would find substantial opportunity in creating cost-effective and durable products for the United Kingdom market. ” says a lead Future Market Insights (FMI) analyst

Competitive Landscape

Leading manufacturers and providers of photovoltaic mounting systems include Unirac Inc., Schletter Inc., SunPower Corporation, Mounting Systems GmbH, and Renusol GmbH.

These companies offer a wide range of PV mounting systems, including rooftop, ground-mounted, and floating systems, and are continuously innovating their products to stay ahead in the market.

  • In January 2022, K2 Systems announced that it had launched a new mounting system for commercial rooftop installations called the TriCon 2.0. This system is designed for high flexibility and adaptability to accommodate a wide range of solar cells.
  • In October 2021, GSE Integration announced that it had supplied its PV mounting systems for a 14.5 MW solar project in the UK. Not only was this more efficient than any of their previously designed systems, it also offered improved performance.

Key Companies Profiled

  • SunPower Corporation
  • Bauder Ltd
  • Armacell UK Ltd
  • EcoFasten Solar
  • Hilti (Great Britain) Ltd
  • K2 Systems Ltd.
  • Sunfixings Ltd.
  • Sunsquare Ltd
  • BayWa r.e. UK Ltd
  • Clenergy
  • Flexisolar
  • Mounting System GmbH
  • Schletter Group

Find More Valuable Insights

The research report analyzes the market demand trends of photovoltaic mounting systems. The United Kingdom Market estimation and growth projection are based on factors such as end-use industries development, COVID-19 crisis impact, replacement ratio, and adoption rate of photovoltaic mounting systems.

As per Future Market Insights’ (FMI) research scope, the photovoltaic mounting system market has been studied and segmented based on product type, technology, material type, sales channel, and end use. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, the supply side and demand side.

United Kingdom Photovoltaic Mounting System Market Segmentation

By Product Type:

  • Rooftop
  • Ground Mounted
  • Carport Mounting Structure

By Sales Channel:

  • Business to business(B2B)
  • Business to Customer(B2C)

By Material Type:

  • Aluminum
  • Steel
  • Others

By Technology:

  • Fixed
  • Tracking

By End Use:

  • Residential
  • Commercial
    • Offices
    • Recreational Areas
    • Educational Institution
    • Hospitality
    • Healthcare Facilities
    • Others
  • Industrial
  • Municipal and Government Facilities
  • Others

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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For Sales Enquiries: sales@futuremarketinsights.com

Air Filters Market Insights: Rising at a 6.26% CAGR between 2023 and 2033, Projected Value of US$ 30.33 Billion

The Air Filters Market is experiencing a significant upsurge, fueled by a growing emphasis on regulatory initiatives aimed at enhancing air quality worldwide. Governments of various countries are taking proactive measures by implementing stricter regulations and standards to curb air pollution, which, in turn, has spurred a surging demand for advanced air filtration systems.

The air filters market size is expected to increase from US$ 16.53 billion in 2023 to US$ 30.33 billion by 2033, at a CAGR of 6.26%.

The primary driver of the market is the increasing awareness of the health hazards associated with air pollution, which is responsible for over 7 million premature deaths worldwide each year.

Regulatory initiatives aimed at improving air quality are also driving the market, with many countries implementing stricter regulations on air quality, which has led to increased demand for air filtration systems.

The types of air filters available in the market include HEPA filters, activated carbon filters, electrostatic filters, UV-C filters, and others. HEPA filters are the type of filter that is extensively used, as they can remove particles as small as 0.3 microns with high efficiency. In 2022, the HEPA segment acquired a prominent share of the industry, accounting for 40.3% of global revenue.

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Air purifiers are used in schools, malls, conference centers, workplaces, hospitals, hotels, theaters, and other commercial settings such as recreation centers and amusement parks.

Rising urban air pollution levels pose challenges for local governments. As more than 70% of the millennial population works indoors, an increase in cases of fine dust and infectious disease has been noticed.

This growth is due to increasing pollution levels and rising demand for air filters in residential and commercial areas, with further expansion expected as public awareness of the health risks associated with air pollution increases.

However, technological limitations to the air filters combined with low awareness among the population may act as a barrier to market expansion. Nevertheless, rigorous research and development activities with constant support from regulatory authorities are more likely to liquidate these challenges.

Key Takeaways

  • Dust collectors are gaining ground and are anticipated to account for more than 28% of revenue in 2022 due to their ability to control air quality.
  • MIS collectors, baghouse filters, and cartridge filters are expected to support market expansion in addition to having a sizable air filter market share.
  • In 2022, the commercial segment took control of the sector, accounting for 57.0% of global revenue.
  • The North American air filter market is expected to be worth US$ 9.63 billion by 2033, at a CAGR of 6.3% during the forecast period.
  • The European market is expected to record a consistent revenue CAGR of 6.4%.
  • FMI predicts that the India air filter market is likely to record a CAGR of 11.97% during the forecast period and is likely to reach a market valuation of US$ 1,966.71 million by 2033.

Competitive Landscape

Prominent key players are focusing on acquiring mid-sized companies to expand their global presence. For example, Daikin Industries, Ltd. subsidiaries AAF and Nippon Muki Co. Ltd. are focusing on developing product portfolios for applications in engineering fields, factories, and buildings, among others. Furthermore, market participants are focused on producing effective filters at low manufacturing costs.

Recent Developments

  • PURAFIL, INC. installed ‘PuraShield Smart 1000 portable filtration systems’ in September 2020 to improve indoor air hygiene at Northwestern University Athletics & Recreation. It is a multi-stage original filtration solution that removes nearly 99.99% of aerosols from the air, including bacteria and viruses.
  • MANN+HUMMEL and its subsidiary Tri-Dim Filter Corporation began supplying HEPA Filters in Ford respirators in April 2020. Germs, microbiological contamination, and viruses are reliably removed from the supply air by these H13 HEPA Filters.

Key Segments Covered in the Market Report

By Type:

  • Cartridge filters
  • Dust collector
  • HEPA filters
  • Baghouse filters
  • Others (Mist filters)

By End User:

  • Residential
  • Commercial
  • Industrial

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excluding Japan (APEJ)
  • Japan
  • The Middle East & 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 over 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
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Large Synchronous Motor Market Gains Momentum, Anticipated Value of USD 11.4 Billion by 2033, With a 5.5% CAGR Growth

The Large Synchronous Motor Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Large Synchronous Motor market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Large Synchronous Motor. It furnishes intricate revenue and shipment segmentations, accompanied by a decade-long projection up to 2033. Additionally, the document evaluates key industry players, their market distribution, the competitive scenario, and regional perspectives.

The Large Synchronous Motor Market is poised for substantial expansion in the forthcoming years, driven by a surge in demand for energy-efficient solutions. These motors are widely acknowledged for their exceptional precision at consistent speeds, positioning them as the preferred choice in the industrial sector. As industries actively seek reliable and efficient power solutions, large synchronous motors emerge as a compelling option to meet the growing demands. Their capacity to maintain a stable velocity while delivering superior performance renders them highly suitable for diverse industrial applications.

According to projections, the global large synchronous motor market is expected to attain a valuation of USD 6.5 billion by 2022. Industry players are propelling market growth through the development of technologically advanced large synchronous motors equipped with high-power and high-speed compressors. The market is anticipated to achieve a value of USD 11.4 billion by 2033, with a projected compound annual growth rate (CAGR) of 5.5% from 2023 to 2033. It is estimated to generate revenue of USD 6.7 billion by 2023. This trajectory underscores the increasing significance of large synchronous motors as a pivotal component in addressing the evolving needs of industries for robust and efficient power solutions.

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The market is poised for significant expansion over the forecast period, driven by the capacity of large synchronous motors to address the growing need for energy-efficient solutions. Their exceptional precision at consistent speeds establishes them as key assets in the industrial sector. Moreover, the substantial increase in demand for highly efficient machine control motors emerges as a crucial factor propelling the global market for large synchronous motors. These motors are integral to diverse industries, encompassing mining, water treatment, and separation units, among others.

Key Takeaways from the Market Study

  • From 2018 to 2022, the market demand expanded at a CAGR of 4.3%
  • Based on the application, the compressor segment to accumulate a market share of 42.5% in 2023
  • By rated power, the 25 to 40 MW segment dominates the market with a share of 34%
  • North America to emerge as a promising market, capturing nearly 37% of the global market share in 2023
  • Asia Pacific to be an opportunistic market, expected to capture a CAGR of 5.4% during the forecast period.

Competitive Landscape

Prominent players in the large synchronous motors market are ABB, General Electric, WEG, Siemens AG, VEM Group, and Hyundai Electric & Energy System Co Ltd, among others.

Leading players operating in the global large synchronous motor market are focusing on intensive research and development for launching innovative products and services in the market.

Product innovation is the key strategy adopted by market players. Brand consciousness and aggressive marketing by top players however make it challenging for new entrants in this market.

The market players are also emphasizing offering large synchronous motor with high reliability and high performance. The market is benefiting from partnerships with a high focus on innovation.

  • Toshiba Mitsubishi-Electric Industrial Systems Corporation announced that together with Mitsubishi Electric Corporation they have developed an electrical motor-design support system incorporating Mitsubishi Electric’s Maisart®* AI technology to dramatically shorten the time required to produce electrical motor designs that achieve the same performance as conventional design methods deployed manually by skilled engineers.
  • Siemens smart infrastructure added four new devices to its portfolio of Simatic ET 200 SP motor starters, which are used to start electric drivers with power output from 0.1 to 0.4 ampere

Know More about What the Large Synchronous Motor Market Report Covers

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

To understand opportunities in the large synchronous motor market, the market is segmented based on rated power, end-use, and application across five major regions.

Key Segments Covered in the Large Synchronous Motor Industry Analysis

By Rated Power:

  • 25 to 40 MW
  • 40 to 60 MW
  • 60 to 80 MW

By Application:

  • Compressor
  • Pump
  • Fans
  • Extruder
  • Mixers
  • Conveyors or Belts
  • Others

By End User:

  • Oil & Gas
  • Metal & Mining
  • Paper & Pulp
  • Chemicals & Petrochemicals
  • Automotive
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

About Us

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

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

Single-use Filtration Assemblies Market: Estimated Worth of US$ 19.8 Billion by 2033, Growing at a 18.5% CAGR

The global Single-Use Filtration Assemblies Market is predicted to be worth US$ 3.53 billion in 2023 and rise to US$ 19.28 billion by 2033. Initially, the global market was expanding at a CAGR of 19.8% from 2018 to 2022.

Smaller batch sizes, increased demand for customized treatments, and the need for adaptive and scalable solutions are the leading factors fostering the development of single-use technologies in the pharmaceutical industry.

Spending on pharmaceutical research and development for the product has increased, since single-use assemblies are essential to both small- and large-scale biopharmaceutical production.

The increasing use of single-use filter assemblies has raised questions about the impact single-use plastics have on the environment. The single-use filter assemblies sector is growing, thus the industry must come up with plans to reduce waste and promote sustainability.

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Due to the rewards, single-use meetings have been increasingly popular over the past ten years. Many pharmaceutical and bioengineering companies plan to build their single-use manufacturing facilities in emerging nations like China, India, and South Korea, in order to position these countries as hubs for biocatalytic insourcing. This is due to the favorable controlling environment and the economy of measure in these countries.

Key Takeaways

  • In 2022, the United States was expanding at a share of 36.4% in the single-use filtration assemblies market.
  • The single-use filtration assemblies market was significantly expanding, with a size of US$ 2.98 billion in 2022.
  • Due to existing players’ continuous innovation, the market in the United States is expected to have a CAGR of 14.9% by 2033.
  • Due to the market’s enormous potential and a strong emphasis on sustainability, analysts expect it is likely to rise 1.18 times between 2022 and 2023.
  • The market in India is anticipated to expand at an adequate CAGR of 14% by 2033.
  • In 2022, Europe was expanding at a 29% share in the single-use filtration assemblies market.
  • Based on type, membrane filtration dominated the market with a share of 47.8% in 2022 and continues to lead the market during the forecast period.
  • Based on application, bioprocessing/biopharmaceuticals dominated the market with a share of 41.6% in 2022 and continue to lead the market during the forecast period.
  • Based on product, the filter segment dominated the market with a share of 21.2% in 2022 and continues to lead the market during the forecast period.

Critical Approaches Increasing Top Players’ Wealth

Merck Millipore, Sartorius AG, MEISSNER FILTRATION PRODUCTS, Danaher, Repligen Corporation, Cellab, Medela, Thermo Fisher Scientific Inc., 3M Purification, and Repligen Corporation are important participants in the market.

To effectively meet the growing demand for single-use filters among end users, notably bio manufacturers, participants are expanding their portfolio. Additionally, the companies are investing in research and development to produce cutting-edge single-use filter assemblies that function and perform better than their conventional counterparts.

Recent Developments

  • Albumedix, a company focused on science, was totally acquired by Sartorius in August 2022. The company aimed to enhance and bolster its reputation as a provider of cutting-edge media that includes media and crucial supporting components with just this acquisition.
  • In December 2021, Sartorius teamed with Sonderanlagenbau HOF, a fully integrated design and construction environment. The companies worked together to include the vertical plate freeze-thaw machines in Sartorius’ product range, in order to provide a full line of acceptable freeze-thaw supplies and equipment.

Key Segments

By Type:

  • Membrane Filtration
  • Depth Filtration
  • Centrifugation
  • Others

By Applications:

  • Pharmaceuticals Manufacturing
  • Bioprocessing/Biopharmaceuticals
  • Laboratory Use

By Product:

  • Filters
  • Cartridges
  • Membranes
  • Manifold
  • Cassettes
  • Syringes
  • Others

By Region:

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

About Us

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

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

Global System on Module Market Set to Reach $4.65 Billion by 2033, with Anticipated CAGR of 15%

The System on Module (SoM) Market is experiencing rapid growth driven by urbanization, digitization, and the increasing online presence of businesses and individuals. As advanced Artificial Intelligence technology gains traction, the demand for SoM is skyrocketing. This surge is particularly evident in the consumer electronics sector, where smartphones, laptops, tablets, and computers are constantly pushing the boundaries of performance.

The system on modules market is expected to be worth US$ 1.15 billion in 2023, rising to US$ 4.65 billion by 2033. The market is expected to grow at a CAGR of 15% during the forecast period.

Urbanization, digitization, online presence, and the adoption of advanced Artificial Intelligence technology are driving the growing demand for system on module. Improving the performance of consumer electronics such as smartphones, laptops, tablets, and computers is propelling the market forward. Electronic manufacturers design a chipboard in the system to perform specific tasks, increasing the demand for system on module.

The advancement of 5G, the Internet of Things, and other advanced technologies drives market growth. Several end-use industries are increasing their use of system on module, including transportation, medicine, industrial automation, and entertainment. The growing demand for high accuracy, advanced memory, and a low risk of system errors is driving the adoption of system on module.

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The market opportunities are flourishing for automobile manufacturers developing advanced autonomous vehicles with machine learning and sensor technologies. Growing demand for embedded systems and cloud-based technologies are increasing the sales of system on module. Wearable and wireless device innovation, such as smartwatches, is fueling market growth. The use of industrial robots and machine learning technology expands the market.

Key Takeaways:

  • The system on module market is expected to have a valuation of US$ 4.65 billion by 2033.
  • With a CAGR of 15%, the global market is expected to increase from 2023 to 2033.
  • The United States system on module market is anticipated to secure a maximum share through 2033.
  • In the historical period, the market secured a CAGR of 14.1% between 2017 and 2022.
  • In the historical period, the market captured US$ 1.01 billion between 2017 and 2022.

Who is Winning?

The prominent vendors are the leading players in the market that invest a vast amount in acquiring maximum profits. These focus on consumers’ expectations and developing better innovative products that satisfy their requirements. The players are adopting several marketing tactics with advanced technologies to achieve their goals in the global market.

Marketers are developing several advanced devices for end-use industries to reduce workloads and labor work. They are expanding their business to another height through their marketing skills, ideas, and research & development activities. These marketing tactics are mergers, product launches, acquisitions, partnerships, and collaborations.

Other Prominent Players in the Market are:

  • Advantech Co Ltd.
  • ConnetTech Inc.
  • AAEON Technology
  • Avnet Inc.
  • EMAC Inc.
  • Avalue Technology
  • Axiomtek Co. Ltd.
  • Eurotech Inc.
  • National Instruments
  • SECO S.P.A.
  • VIV Technologies Inc.
  • Kontron ST & G
  • Phytec
  • Microchip Technology
  • Emac Inc.
  • Unex Technology
  • Digi International Inc.
  • Variscite

Recent Developments in the Market are:

  • In October 2021, Seco announced its acquisition with Garz and Fricke Group to expand its strength in the European market.
  • In September 2021, TechNexion announced its partnership with Emteria for developing and uplifting embedded products on the Android operating system.
  • In 2022, SiFive partnered with BrainChip to design optimized chips with machine learning and Artificial Intelligence technologies for computing edge.
  • In 2020, e2-s and SoMLabs collaborated on custom design products based on SOMs.

Market by Category

By Product:

  • Power Architecture
  • ARM Architecture
  • x86 Architecture

By Application:

  • Medical
  • Transportation
  • Industrial Automation
  • Entertainment
  • Test & Measures

By Standard:

  • SMARC
  • Qseven
  • COMExpress

By Region:

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

About Us

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

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
Browse latest Market Reports: https://www.futuremarketinsights.com/reports