XRF Analyzer Market is expected to grow at a CAGR of Approximately Over 2022-2027

XRF analyzer sales surpassed US$ 2.2 billion in 2018, and will reportedly increase by approximately 5.3% annually, in 2019. A newly published research outlook by Future Market Insights (FMI) has projected promising revenue growth prospects for the global XRF analyzer market over the course of upcoming years.

While the XRF analyzers demand within Asia Pacific (excluding Japan) will continue to account for nearly a fourth of the global market value, the report also highlights robust growth in the market value share of developed regional markets of North America and Europe, which currently equates nearly 2/5th of the global XRF analyzer market revenues.

Substantial Opportunities Lie in Metal & Mining, and Oil & Gas

According to FMI’s analysis, a majority of XRF analyzer adoption will prevail in metal & mining industry, followed by the pharmaceutical industry. Oil & gas industry is also cited as one of the key end-use industries for XRF analyzers in the near future.

With steady growth of the mining industry and resurgence of the oil & gas industry, it is highly likely that the demand for instruments such as XRF analyzers will prevail at a significantly high pace in coming years. Metal & mining, collectively with oil & gas, are likely to account for more than 45% of the total demand for XRF analyzers that has been estimated for 2019.

In the wake of waning popularity of benchtop XRF analyzer instruments that are subsequently leading to their dwindling sales, the market has been witnessing soaring preference for the high convenience offered by handheld/portable XRF analyzers. According to the report, portable or handheld XRF analyzers currently account for nearly 65% of overall sales and are anticipated to demonstrate healthy growth potential through years to come.

The report opines that key features such as light weight, portability, and convenient usage will continue to attract more sales opportunities for portable or handheld XRF analyzers to use on field, over the benchtop variants.

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Energy-dispersive XRF Analyzers Gaining Ground

XRF analyzers, according to the report, will continue to enjoy soaring sales within manufacturing industries as they support easy operation, precise functioning, quicker turnaround time, and most importantly, non-invasive analysis. Some of the key applications of XRF analyzers include the determination of several precious metals and metal alloys, in addition to the examination of mining exploration areas and detection of hazardous chemicals. Technological advancements such as radiation safety, proximity sensors, enhanced detection limits, high-resolutions, and high-count rate are prominently assisting the growth of XRF analyzer market.

As suggested by FMI’s research, more than half of the XRF analyzer sales are of energy-dspersive type. Although wavelength-dispersive XRF analyzers have their own set of advantages, energy-dispersive XRF analyzers are more preferred across industries owing to their functional versatility and efficiency in terms of space, price, and sample preparation times.

Competition Landscape Analysis & Recent Developments in XRF Analyzer Market

Prominent vendors competing in the XRF analyzer market are focusing on product innovation and upgrade to gain an edge over the competition. Furthermore, several manufacturers of XRF analyzers are concentrating on developing high-performance and cost-effective XRF analyzer instruments, to complement end user demands.

Handheld or portable XRF analyzers are also being refined in terms of standards of testing faults, which is trending among some of the leading companies in global XRF analyzer market.

According to FMI analysis, Thermo Scientific, Hitachi High-Technologies Corporation, and SPECTRO Analytical Instruments GmbH are among the key manufacturers of XRF analyzers. Some of the key manufacturers profiled in the XRF analyzer market report, include HORIBA, Ltd. Applied Rigaku Technologies, Inc., Bruker, OLYMPUS Corporation, Skyray Instrument Co., Ltd., XOS (Danaher), Malvern Panalytical Ltd, Torontech Inc., Elvatech Ltd., Globetek, PARISA TECHNOLOGY, Oxford Instruments, and Xenemetrix.

  • In 2018, Elvatech Ltd., a prominent German manufacturer of XRF analyzers, launched Elvatech ProSpector 3. This handheld instrument has been claimed to be the smallest-ever, lightweight XRF analyzer, and comes with a new level of analysis accuracy, speed, and detection limits. An additional feature of the product includes two CCD cameras for macro- & micro-view, radiation safety, proximity sensors, and low count rate detection.
  • More recently, in 2019, the European manufacturer SPECTRO Analytical Instruments GmbH. Launched SPECTROCUBE ED-XRF for metal testing with non-destructive ED-XRF detector technology. The product benefits include high resolution and high count rate, which deliver short measurement intervals and low downtime. SPECTROCUBE ED-XRF ensures significant precision for wide-ranging concentration levels, plus testing times of 15 seconds, capable of testing hundreds of samples per day.

Foundation Repair Services Market Insights, Deep Analysis of Key Vendor in the Industry 2022-2027

According to a recent report by Future Market Insights (FMI), the foundation repair services market is expected to surpass a valuation of US$ 2,523.5 Mn in 2020 and at a CAGR of approximately 2.7% through 2027.

The construction industry makes the biggest application sector for the foundation repairing services market and is increasing at the rate of around ~5%-8% globally which has led to the increase in the sales of foundation repair services worldwide.

As there is a decent demand for construction business all over the world, it has led to the demand for construction and material testing equipment hand-in-hand. Another driver for the market would count to be the increasing demand for better infrastructure all around the world which has led to an increase in the demand for repairing, restoration and other services. The foundation repair services market is expected to witness significant value growth during the forecast period owing to increasing urbanization and demand for constructing proportional structures into the market.

The time to time maintenance and restoration of the buildings by the owners helps keep the revenue rolling. This helps generate a certain part of the revenue for the foundation repair services market every year. Increasing demand for foundation repair services the fields like mining, dam construction, office construction and others has also led to the growth of the foundation repair services market.

This has brought new application areas for the sales of foundation repair services. The education and training institutes have been a driving sector for the foundation repair services market as these institutes are using the foundation repair services at particular time intervals for purpose of safety, maintenance and renovation. As these training and teaching institutes are increasing globally, it has led to the growth of foundation repairing services globally.

Key Takeaways from the Foundation Repair Services Market Study

  • The commercial segment in the market does not witness a frequent demand for foundation repair services as the type of foundation laid is mostly deep (pier foundation and pile foundation).
  • Besides this, the design and construction of commercial buildings is done under the proper supervision of a specialized engineer, making it less prone to errors and failure. Thus, the commercial segment held a comparatively lower market share and is expected to exhibit a lower growth rate, during the forecast period.
  • Increasing changes in the weather conditions globally are expected to be major causes for the failure of a foundation across the globe, and, thus, expected to be a factor impelling the demand for foundation repair services.
  • The Jilin chemical explosion, the Bhopal gas tragedy, the Tennessee coal ash spill, the Sidoarjo mud volcano, the Gulf War spill, the Deep-water Horizon oil spill, the Guiyu e-waste dump in China, the Exxon Valdez oil spill and the Baia Mare water cyanide contamination are some of the disasters that have occurred due to the mistakes of mankind. Thus, the occurrence of man-made disasters is expected to drive the foundation repairing services market during the forecast period.

“The changing soil conditions and weather conditions are expected to be the primary factors impacting the demand of foundation repair services. For instance, countries like the United States, India, China, Japan witnessing frequent changes in both weather and soil conditions are likely to witness an increased demand for services such as foundation repair services.” says an FMI analyst.

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Impact of COVID-19 on the Market

The outbreak of novel coronavirus has had a significant impact on the construction industry, which is sensitive to economic cycles. The pandemic has severely disrupted the global economy and trade. Also, the coronavirus has affected households, financial institutions, businesses, infrastructure companies and industrial establishments.

The construction, repairing, engineering, architectural and many projects around the globe have been jeopardized in various ways by the pandemic and even many projects have closed. As a result, construction industries and the foundation repair service market has faced financial recession in almost all regions and has created unemployment.

Who is winning?

Leading manufacturers of foundation repair services are focused on aggressive promotional strategies and advertisements that have driven sales growth of foundation repair services globally.

Major players present in the foundation repair services market are BASIC FOUNDATION REPAIR, Foundation Repair Services, Inc., Connecticut Basement Systems, Eric’s Concrete & Masonry Services Ltd., Dwyer Companies, Supportworks, Inc., SOS Foundation Repair, GROUNDWORK, MASTER SERVICE COMPANIES, RAM JACK SYSTEMS DISTRIBUTION, ADVANCED FOUNDATION REPAIR, BDRY, Maryland Building Industry Association, ARIZONA FOUNDATION SOLUTIONS, DFW FOUNDATION REPAIR SERVICES, and ESOG among others.

DSL Tester Market Insights, Deep Analysis of Key Vendor in the Industry 2022-2027

As per the latest report by Future Market Insights (FMI), the global DSL tester market is estimated to grow at a CAGR of over 5% throughout the forecast period. Worldwide sales of DSL testers were closed in at a valuation of US$ 1,008.9 Mn in 2018, adds the report. Rising deployment of DSL tester across multiple industries, including telecommunication, electric power, internet services, and others, is a key pacesetter of DSL tester market growth. Rising demand for tracing network cabling faults is another key factor pushing growth of DSL tester market in 2019 and beyond.

As per the report, ever-evolving demand for additional bandwidth to support video, gaming, and streaming content is necessitating high adoption of testing equipment, thereby driving DSL tester market. The DSL tester market is estimated to witness exponential growth during the forecast period, on account of a burgeoning number of internet handlers spreading across the globe. Moreover, a rapid increase in the number of subscriptions to internet services is estimated to boost the demand for DSL testers in the forthcoming years.

Product Differentiation Trending in Competitive Landscape of DSL Tester Market

In line with the increasing use of broadcast video services or multicast, video streaming, and other applications, vendors of DSL testers are vying to offer distinguishable products with operational efficiency and performance stability. This is resulting in a massive influx of new and advanced products in the DSL tester market, paving favourable growth avenues for DSL tester market.

To meet consumer demand, the key manufacturers of DSL testers are concentrating on improving their products and announcing several upgrades to gain an edge over their competitors. Moreover, the vendors of DSL testers are focusing on providing cost-effective and high-performance instruments. Furthermore, vendors are launching DSL testers with multiple functions, better capability, and handheld instruments for refining the standard of testing flaws in wiring or cabling.

For example, in 2018, VIAVI Solutions Inc., one of the prominent US-based vendors of DSL testers, launched a modular field DSL tester with multiple touch instrument, which is inspired from smart phones. This device contains vectored pairs, copper, POTS, and coax/HPNA.

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Manufacturers Focus on Technological Advancements to Boost Product Positioning

The DSL tester market is gaining traction over the past few years owing to the availability of technically advanced DSL testers. Technological improvements, such as DC voltage measurements, network scanning, and other improved features of DSL testers, are expected to boost sales of DSL testers at a significant rate. As per the report, North America holds a significant share in the field of DSL testers owing to strong presence of telecommunication and internet service providers spread across the region. Moreover, the presence of the prominent players of DSL testers in the North America region is further catalysing the growth of the regional market.

According to FMI analysis, EXFO Inc., Agilent Technologies, and VIAVI Solutions Inc. are among the key manufacturers of DSL testers. Manufacturing and providing a wide range of DSL tester to customers as per the industry requirements are among the key strategies followed by these leading players to capture a significant share of the DSL tester market.  Few other prominent manufacturers of DSL testers profiled in the report are Emerson Electric Co., Spirent Communications, 3M, Keysight Technologies, Riser Bond Instruments, Shandong Senter Electronic Co., Ltd, T & M TOOLS CO., Limited, JDSU Acterna, Klein Tools, Inc., and ARGUS.

Trace Chemical Detector Market is expected to grow at a CAGR of Approximately Over 2022-2027

Global sales of trace chemical detectors closed in on around US$ 2 billion in 2018. According to a recent intelligence outlook presented by Future Market Insights (FMI), widening applicability of trace chemical detectors across multiple industries including chemical, petrochemical, defense, aerospace, healthcare, and research will drive the revenue growth of trace chemical detector market at an estimated CAGR of over 7% during 2019-2027.

Frequent Use of Trace Chemical Detectors for Security, Healthcare, & Research Applications Boosting Demand

Several types of chemical hazards need to be checked at different places of high importance to provide protection against potentially dangerous situations, in terms of security. Trace chemical detectors are used to check the various dangerous parameters of chemical traces at various locations such as airports, subways, and various governmental institutions.

In light of rising criticality of implementing high-end security systems at organizational, municipal, and public levels, the demand for advanced technology security solutions has been on the rise over the recent years.  This according to FMI’s analysis, will remain an important factor assisting the revenue growth of trace chemical detector market in the near future.

A wide range of drugs, medicinal components, and healthcare products need to be tested based on different chemical compositions to cater to stringent regulatory norms associated with the testing of pharmaceutical products and chemicals. The report opines that the adoption rate of trace chemical detector will see a considerable upsurge in upcoming years, particularly in the healthcare industry. Trace chemical detectors are also used in the research industry to test various components.

Sustained usage of trace chemical detectors by chemical manufacturing plant operators for quality inspection applications at various stages of manufacturing is cited as another strong factor driving demand for trace chemical detectors.

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Trace Chemical Detector Manufacturers Emphasizing Technological Advances for Extended Features & Applicability

Growing availability of technologically advanced trace chemical detectors has been shaping market performance, recently. Technological advances leading to superior products such as precise identification & measurement control devices, narcotics detection system, and hazardous chemical warning systems, will continue to enhance user-friendly and application-specific features of existing trace chemical detector models.

In addition, the availability of a variety of trace chemical detectors is also significantly driving the trace chemical detector market. Newly introduced features, such as programmable sensors, audio-visual alarm, and remote monitoring are also boosting the demand for trace chemical detectors. Rapid growth in the pharmaceutical and chemical industries and the existence of prominent market players in the North America and Europe regions are also among the key factors propelling the demand for trace chemical detectors.

Some of the key manufacturers competing in the global trace chemical detector market include Ametek (Ortec), Autoclear, LLC, Westminster International Ltd, Horiba, Bruker, JFE Techno-Research Corporation, Morphix Technologies, Hitachi High-Tech Analytical Science, and Smiths Detection Inc. According to FMI’s analysis, ABB and Siemens AG are among the prominent manufacturers of trace chemical detectors.

Lip Powder Market Insights, Deep Analysis of Key Vendor in the Industry 2022-2027

Roughly equating US$ 350 Mn in 2022, the global lip powder market revenue is poised to see an impressive growth outlook over next eight years. According to a market report published by Future Market Insights, titled ‘Lip Powder Market: Global Industry Analysis and Opportunity Assessment 2022-2027,’ lip powder products sales will account for a healthy CAGR of just-under 6% during the forecast period (2022-2027). APEJ (Asia Pacific excluding Japan) will continue to hold the highest revenue share in the lip powder market, says the report.

Potential Superiority over Lipsticks & Other Conventional Lip Products Accounts for Billowing Sales of Lip Powder

The lip powder market is yet to reach its peak of growth and currently reflects a high growth potential in the beauty and personal care products industry, as indicated in FMI’s study. Lip powder is considered the latest trend or evolution in lipsticks that offers several advantages over conventional lipsticks, which is among the key factors driving popularity of lip powder.

Globally, the lip powder market is gaining traction due to the advantages of lip powder over conventional lipsticks. Lip powders are infused with hydrating oils and Vitamin E, which provide a smooth and long-lasting finish. One of the unique features of lip powder is the combination of matte and shimmer, which is hard to achieve with conventional lip products.

Unlike conventionally used lipsticks, lip powder gets absorbed into the lips and provide them with a smooth texture with long-lasting color and vibrant look. Introduction of innovative beauty products continues to encourage a large number of people to experiment with choices of products as well as brands, and lip powder marks one of the recent hottest trends in the beauty and cosmetic industry.

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Product Innovations – Key to Success in Lip Powder Market

Currently, lip powders are available in the market in two forms – viz. palettes and pen. Both these forms are different by nature and by methods of application. Lip powder palettes that currently account for more than 55% of total sales will remain the strongest selling product category, according to FMI. The report attributes dominance of lip powder palettes over lip powder pens to higher convenience associated with the former.

Rapid product innovations and the ever-evolving retail landscape are likely to be the key factors associated with strengthening of distribution channels, for leading players active in lip powder market.

However, lip powders have certain limitations, which are likely to restrain the growth of the market. These limitations include the perception or fear of exposing any flaws in the lip texture. Several consumers also doubt applicability of lip powder on a daily basis and find it gaudy over routine lipsticks. In addition, lip powder is yet to completely enter the comfort zone of a majority of women’s cosmetic regime, which will remain a challenge to rapid growth of the lip powder market.

Key Players in the Lip Powder Market Profiled in Report

Deep-dive analysis of strategic profiles of key companies operating in the lip powder market are covered in the global lip powder market report, in a bid to help participants understand and evaluate their key products offerings, strategies, and recent developments.

Some of the key participants profiled in the global lip powder market report include Maybelline LLC, Urban Decay Cosmetics, BUXOM Cosmetics, Clinique Laboratories LLC, CLE COSMETICS, Lique Cosmetics Company, Revlon, Inc., Cult Beauty Company, CHANEL Company, Essence Cosmetics Company, Sephora USA, Inc., Huda Beauty Company, L’Oréal S.A., NYX PROFESSIONAL MAKEUP, and Christian Dior SE.

Solar Charge Controller Market is expected to grow at a CAGR of Approximately Over 2022-2028

Future Market Insights (FMI) has published a new research study on the global solar charge controller market titled ‘Solar Charge Controller Market: Global Industry Analysis 2013–2017 and Forecast, 2018–2028’. According to FMI, the solar charge controller market was valued at US$ 1.4 billion at the end of 2017 and is anticipated to grow at an impressive CAGR to reach US$ 3.4 billion by end of the forecast period.

FMI finds that in 2018, East Asia and Europe were attractive regions in the solar charge controller market, accounting for more than 49% of the global market share. The demand for solar charge controllers is witnessing a linear trend with rising demand for offgrid solar panel systems from economies, such as China, India, USA, Brazil and some of the ASEAN and African countries.

Developing economies, such as China, India, Malaysia and Brazil, are anticipated to positively influence the sales of solar charge controllers. Government initiatives related to subsidiaries for solar panel systems led by China, India and some of the Latin American countries are expected to further intensify the deployment of solar panel systems and solar charge controllers.

Increasing orders related to off-grid solar panel systems and solar charge controllers for deployment in remote and residential applications are expected to positively impact the growth of the global solar charge controller market during the forecast period.

Developments in solar charge controllers, such as auto night detection, LCD display, overcharging protection and growth in communication solutions integrated with solar charge controllers, are driving the growth of the global solar charge controller market. The growth of solar charge controllers market is being positively impacted by the deployment of offgrid solar panel systems.

30A to 50A Solar Charge Controllers to Hold One Third Share in Market Growth

Based on current charging capacity, solar charge controllers with 30A to 50A is anticipated to remain the primary sub-segment in terms of market share, covering nearly 33% by the end of 2028. Growth in demand for lead acid battery for storage applications in developing economies is anticipated to impact the sales of solar charge controllers. Further, the rise of new entrants in the global solar charge controller market will initiate new production bases in developing economies for solar charge controllers.

Based on technology, the MPPT based solar charge controllers will register high growth rate and are anticipated to be a prominent segment in the global solar charge controller market. PWM based solar charge controllers are expected to account for an estimated value of US$ 1,980.5 Mn by the end of 2028.

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Solar Charge Controller Market will Remain Highly Fragmented

The global solar charge controller market is highly fragmented and the tier-1 players contribute to nearly 1/3rd of the market share. The competition among the global and regional players is becoming intensified due to rise of new players in developing economies. Leading manufacturers of solar charge controllers are widespread, with both regional and global players offering solar charge controllers in their targeted marketplaces.

Manufacturers are concentrating on acquiring new orders for the installation of solar charge controllers. Further, the adoption of MPPT based solar charge controllers will be a driving factor for the growth of the global solar charge controller market.

Morningstar Corp., Outback Power Inc., Studer Innotec, Victron Energy, Aims Power, Renogy, Sensata Technologies, Inc., Schneider Electric, Samlex America Inc., and DENRYO CO., LTD, are some of the key players leading the global solar charge controller market.

Stability Test Chamber Market Insights, Deep Analysis of Key Vendor in the Industry 2022-2027

Future Market Insights (FMI) has recently published a report titled ‘Stability Test Chambers Market – Global Industry Analysis 2013–2018 and Market Forecast 2019–2027’. In 2018, the stability test chambers market was valued at US$ 2.7 billion, which according to FMI’s analysis, will thrive at 5.8% CAGR through 2027.

Stability test chambers are widely used in various industries such as pharmaceutical, electronics, food & beverages, construction, and chemical. Stability test chambers are used to store and test a variety of products at specific humidity and temperature conditions. There has been phenomenal growth in industries, such as pharmaceutical and electronics, which is expected to significantly contribute to the growth of the stability test chambers market across the globe.

Application Base of Stability Test Chambers Widening in Food, Pharma, and Electronics Industries

Several types of packaging and food preservatives need to be checked at different levels of humidity and temperature before they are sold in the market. Stability test chambers are used to check the various quality parameters of food, such as colour, odour, and taste. The increasing demand for packaging food due to changing lifestyle across the world is boosting the stability test chambers market.

The testing of various pharmaceutical products as per the pre-determined guidelines is one of the most important parameters for the pharmaceutical industry. Various types of drugs, medicines, and healthcare products need to be tested based on different factors such as light, humidity, and temperature. Stringent regulations associated with the testing of pharmaceutical products is boosting the stability test chambers market.

Stability test chambers are also used in the electronics industry to test various components such as semiconductors, power devices, transducers, capacitors, and resistors. The frequent usage of stability test chambers in the electronics industry is driving the stability test chambers market.

Stability test chambers are also used in cement manufacturing plants to inspect the quality of cement at various stages. Cement and concrete materials require accurate testing to ensure their integrity and lifetime quality. Increasing cement manufacturing plants and rapid growth in the construction industry worldwide is another factor boosting the stability test chambers market.

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Technologically Advanced Stability Test Chambers Gaining Traction as User-friendly Variants

The stability test chambers market has grown rapidly over the past few years due to the availability of technologically advanced stability test chambers. Technological advancements, such as precise temperature & humidity control, fog-free viewing window, humidity water filtration system, and computer interface, have made stability test chambers more user-friendly.

In addition, the availability of a variety of testing chambers, such as humidity and temperature test chambers, thermal shock test chambers, and altitude test chambers, is also significantly driving the stability test chambers market. Newly added features, such as a programmable timer, audio-visual alarm, and remote monitoring, are also boosting the demand for stability test chambers.

Rapid growth in the pharmaceutical & food industries and the existence of key manufacturing players in the North America and Europe regions are also among factors propelling the demand for stability test chambers.

Key Companies in Stability Test Chamber Market Focusing on Industry-specific Instrument Development

According to the FMI analysis, Thermo Fisher Scientific Inc., and Weiss Technik North America, Inc. are among the prominent manufacturers of stability test chambers. Manufacturing and providing a wide range of stability test chambers to customers as per the industry requirements are among the key strategies followed by major players to capture a significant market share.

Some of the key manufacturers of stability test chambers are Guangdong sanwood instrument technology co.,ltd, Thermotron Inc., Falc Intruments s.r.l, Terra Universal. Inc., ESPEC CORP, Angelantoni Test Technologies, Scientific Climate Systems and Qualitest International Inc.

CBD Skin Care Market 2022 Outlook, Current and Future Industry Landscape Analysis 2030

Driven by the rising demand from the personal care sector, the CBD skincare market is expected to register CAGR of ~26% between 2020 and 2030, finds Future Market Insights (FMI) in its study.

Known for its several medical benefits and healing properties, cannabidoil (CBD) applications have gradually penetrated into skincare businesses. CBD offers numerous antioxidant and anti-inflammatory benefits that can help in treatment various skin problems.

While there are limited studies on CBD benefits, it is in general considered safe for topical use.  The World Health Organization’s (WHO’s) Expert Committee on Drug Dependence (ECDD) has concluded in November 2017 that in its pure state CDB is unlikely have potential harm.

The report on the CBD skincare market is intended to help market players gauge investment feasibility across the key segments. It discovers hidden opportunities within the market as well as cautions companies against potential threats.

Key Takeaways from the CBD Skincare Market Study

  • CBD skincare market was valued at ~ US$ 816.9 Mn in 2020 and is projected to exhibit ~ 26% CAGR between 2020 & 2030
  • North America holds the leading share in the global CBD skincare market.  The legalisation of cannabis cultivation in the U.S. and Canada are giving tailwinds to growth witnessed in the region
  • CBD oil to be in high demand. As per FMI, it is expected to constitute the leading segment, accounting for over 30% of the CBD skincare market
  • Expansion of online presence and sales channels will stoke growth opportunities for the market
  • The hemp-derived CBD segment will account for the leading market share
  • Offline sales channel including pharmaceutical stores, speciality stores & whole sellers and distributers will continue leading the market. Demand for instant gratification will keep sales in these channels high

“Companies are focusing on innovative packaging to boost sales of CBD skincare products. This, coupled with ample focus on improving product quality, are among key strategies adopted by the market players to gain edge amid competition,” said a lead analyst at FMI.

Favorable Regulations to Drive CBD Beauty Trends across the World

Including CBD as a key ingredient in cosmetic products is a key trend prevailing in Europe’s beauty market. At the start of 2019, Holland & Barrett an innovative line of CBD infused cosmetics from Eos Scientific.

CBD products can be now found across various retailers in Europe, including Sephora and Boots besides various online platforms.

Throughout the world, various suppliers have been busy innovating and launching cosmetic products including CBD ingredients in the market. CBD in skin care is clearly a burgeoning trend in the beauty industry.

The trend has penetrated in Latin America as well, as the region witnessed a spurt of business initiatives and product launches containing CBD thanks to a more favourable regulatory approach.

While hemp is being used in beauty treatments since ages, researchers claim that incorporating CBD ingredients is now in key focus among manufacturers. There will be more emphasis on natural and organic ingredients especially since consumers are rendered more conscientious.

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Who is Winning?

Some of the key players operating in the CBD skincare market are include Green Growth Brands, Kiehl’s LLC, Cannuka, LLC, The CBD Skincare Company, Vertly Hemp, Leela Body Care Company CBD For Life, Josie Maran Cosmetics, Lord Jones, Fab CBD Company, Kapu Maku LLC, IldiPekar Skin Care & Spa, Mazz Hanna, Kana Skincare, Leef Organics, Earthly, Body, Myaderm, Elixinol Global Limited, Medical Marijuana Inc., Naturally Splendid, and Endoca LLC.

Several leading companies are focusing on R&D, merger & acquisition and partnership to come up with new technologies that can change the market landscape of CBD skincare.

Leading players in the CBD skin care market are also concentrating on introducing CBD-based products in their existing product portfolio to reach new customers, along with expanding their sales network worldwide. They are also penetrating in online platforms to boost sales.

pH Meter Market 2022 Outlook, Current and Future Industry Landscape Analysis 2027

More than 1.6 million pH meters were sold in 2018, according to a new analytical study of Future Market Insights (FMI). While the unit sales of pH meter market has been estimated to grow by promising 4.7% Y-o-Y in 2019, over 85% of the total sales will be accounted by digital pH meters. In terms of revenue, FMI’s analysis opines that the global pH meter market value will grow at a CAGR of more than 5% over 2019-2027.

pH Meter Becoming an Imperative Control Parameter

pH meters are used significantly in scientific, industrial, and household applications across numerous industrial sectors, such as power industries, pharmaceuticals industries, food & beverages industries, the mining sector, and the oil & gas sector. However, according to FMI, burgeoning applications of pH meters in chemical and petrochemical industries will hold a major share in growth of the pH meter market across the globe over the forecast period.

The importance of determining the properties of a chemical samples has been on the rise, which remains the important factor to trigger a high demand for pH meters in the chemical and petrochemical industries for petroleum refining processes. pH is thus becoming an important control parameter in the petrochemical and chemical industries and this is likely to influence upcoming trends in the pH market during the foreseeable future.

Growing Demand for pH Meters in Healthcare Industry

pH meters are commonly used for calculating pH of whole blood PLTs (WBPs) as they are an important equipment used in surrogate test of bacterial infection. pH meters are also used to stop the transfusion of bacterially contaminated WBPs and RBCs. Hence, the demand for pH meters in the biotechnology filed, as well as in hospitals and pharmaceutical laboratories, has witnessed rapid growth. These are also among the major factors propelling the pH meter market across the globe.

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Government Regulations Vis-à-vis Water and Wastewater Treatment Boost Demand for pH Meter

The report has cited high demand for pH meters within multiple industrial sectors in North America and Europe, owing to strict regulations by respective governments pertaining to the industrial sector.

Asia Pacific excluding Japan is expected to hold a prominent share of the global pH meter market over the forecast period. Increase in spending by the governments and organisations to cope with the rapidly growing urbanisation, water policies, the implementation of safe water principles, as well as numerous international protocols & policies to ensure water safety are some of the factors that are estimated to fuel the growth of the pH meter market in the Asia Pacific excluding Japan region.

In the Middle East & Africa, the pH meter market is estimated to grow significantly as the World Health Organization has published stringent guidelines pertaining to the obtainability of safe water for the public, as Middle East Africa has the lowest number of people with access to safe drinking water. Governments in the Middle East Africa region are focusing on refining the quality of water, which is another parameter fuelling the growth of pH meter market in the Middle East Africa. These are some of the factors fuelling the growth of the market across the globe.

Tier-1 Manufacturers in pH Meter Market to Emphasize Strategic Acquisitions

According to the FMI analysis, Mettler-Toledo, Emerson Electric Co. and Thermo Fisher Scientific are among the prominent manufacturers of pH meters. Developments and innovations in pH meters, along with developing relations with customers and rising number of acquisitions, are among the prominent strategies followed by the manufacturers of pH meters.

Some of the key manufacturers of pH meters are Endress + Hauser Digital Labs GmbH, Hanna Instruments, Omega Engineering, Agilent Technologies, PerkinElmer, ThermoWorks, WTW inoLab, Beckman Coulter, Metrohm, Contech, Sartorius AG, and Hach.

Global Optical Spectrum Analyzer Market 2022 Outlook, Current and Future Industry Landscape Analysis 2030

Optical spectrum analyzer market is considerably gaining from the rising demand in the IT and telecommunication industry. According to a new study by Future Market Insights (FMI), the market will continue exhibiting steady growth since optical spectrum analyzer is an important tool in signal discrimination that finds application across diverse industries starting from IT to aerospace.

The telecom industry has expanded exponentially in the last few years, which has in turn created lucrative prospects for the growth of the market.

Optical spectrum analyzer is highly sought-after in telecommunication industry. It is used to determine occupied bandwidth and track interference sources. The growth in IT and telecommunication industry is forecast to fuel the demand for optical spectrum analyzers in the coming years. The market also is expected to gain from the rising demand in medical & healthcare, energy & utilities, and other end-use industries.

According to Future Market Insights (FMI), the global optical spectrum analyzer market is set to grow at 5.8% CAGR during the forecast period from the year 2022 to 2030.

Despite facing slower growth rate due to COVID-19 pandemic in the recent year, the market is soon likely to recover, creating ample opportunities for the companies operating therein.

FMI offers an exhaustive overview of the optical spectrum analyzer market, its growth drivers, and restraints.

2015-2021 Global Optical Spectrum Analyzer Market Outlook Compared to 2022-2030 Forecast

Optical spectrum analyzer (OSA) is in high demand in the telecommunications industry. It is used to determine the bandwidth held and to track sources of disruption. The growth of the IT and telecommunications industry is expected to further the need for optical spectrum analysts in the coming years.

Spectrum analyzer is an accurate tool used to measure optical bands for further analysis and is in high demand in the medical and healthcare industry. As the medical and healthcare industry grows rapidly, the demand for optical spectrum Analyzer is growing exponentially.

Optical spectrum analysts also play an important role in the energy and resources industry. They are used to measure the distribution of light energy over a wavelength domain. As the energy and resources industry grows steadily, the demand for optical spectrum Analyzer will increase.

Various R&D activities have taken place in the Optical Spectrum Analyzer market over the past two decades. These activities focus on improving the accuracy, efficiency, and overall performance of the Optical Spectrum Analyzer.

Therefore, based on these factors, the Optical Spectrum Analyzer market is likely to grow at a significant rate during the forecast period. The growth of Optical Spectrum Analyzer is likely to grow at a growth rate of 6.9% by Volume over the assessment period of 2022-2030.’

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global optical spectrun analyzer market

Some of the key takeaways from the report are highlighted below-

  • Portable optical spectrum analyzer is gaining traction as more preferred products among various industries
  • Wavelength meter mode of optical spectrum analyzer is highly sought-after in the market
  • The IT & telecommunication industry will continue exhibiting high growth for optical spectrum analyzer
  • North America has emerged as a highly lucrative market. In the coming years, the demand from South Asia as well is expected to rise at a high rate

COVID-19 Impact Analysis

The COVID-19 pandemic has hampered the growth of several industries, including key end users of optical spectrum analyzer market such as IT, aerospace, and others. In the beginning of this year, the manufacturing units had to struggle with restrictions such as shortage of raw materials, decrease in manpower, closed supply chain, and others during extended period of lock down.

Contrary to this, the pandemic resulted in surge in demand for optical spectrum analyzers from medical & healthcare industry due to increase in rush of patients. Despite being impacted by COVID-19 pandemic, the optical spectrum analyzer market is set to grow steadily throughout the forecast period.

Who is Winning?

The global optical spectrum analyzer market is set to grow exponentially in the coming years. In order to sustain their positions, the key market players are focusing on developing more sophisticated products.

For instance, AMS Technologies has launched their new range of optical spectrum analyzers such as Ultra Optical Spectrum Analyzer (OSA) Spectrometer, UltraBright Spectrometer, HyperFine Spectrometer, and others in order to target the key end users such as telecommunication, medical, and others.

Global Optical Spectrum Analyzer Market by Category

By Product Type:

  • Portable
  • Benchtop
  • Handheld

By Mode Type:

  • Spectrometer Mode
  • Wavelength Meter Mode

By End Use:

  • IT & Telecommunication
  • Medical & Healthcare
  • Energy & Utilities
  • Automotive
  • Institutions
  • Aerospace & Defence
  • Semiconductors & Electronics

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • MEA
  • Oceania