Variable Frequency Drives Sales Set to Recover in 2021 as Regenerative Applications Complement Traditional Demand Channels: Study

Variable frequency drives demand is set to grow at over 4% in 2021, with growing emphasis on heating, ventilation and air conditioning (HVAC) systems and automotive pumps which are expected to generate substantial growth opportunities. The projections are based on the latest edition by Future Market Insights (FMI), an ESOMAR-certified research and consulting firm.

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The global automotive industry has made prolific advances in the recent past. Emerging as a multibillion dollar industry, the autonomous market is characterized by the emergence of a plethora of start-up investments. Consequently, adoption of high-end HVAC systems and pumps has registered an impressive uptick. According to FMI’s projections, the aforementioned segments collectively accounted for nearly US$ 10 Bn as of 2019.

Prolific growth opportunities exist in the Chinese market, owing to an ever mushrooming automotive industry. Future Market Insights estimates the economic giant to produce 4.5 million variable frequency drives by 2021-end, as production cycles revert to normalcy in the aftermath of the coronavirus crisis. Hence, manufacturers are introducing a slew of technological innovations to tap this ever expanding opportunity, thus generating powerful revenue ecosystems across the forecast period.

Key Takeaways of Variable Frequency Drives Market Study AC drives adoption surging in popularity by drive type; set to acquire 260 BPS by 2031-end U.S. and Germany to emerge as highly lucrative markets, owing to growing EV sales Growing concerns over excessive power consumption compelling automotive manufacturers to invest in low-voltage VFDs Regenerative applications to find growing applications, reaching nearly US$ 15 Bn by 2021-end Pumps and HVAC systems to collectively expand at a value CAGR worth 13% from 2021-2031 For critical insights on this market, request to ask an expert here @ https://www.futuremarketinsights.com/ask-question/rep-gb-140 

 “Rapidly expanding infrastructure for capital projects are attracting frequent capital investments, attributed to the increasing scale of urbanization. Hence, automotive sales are rising, leading to widening revenue pools for VFD manufacturers,” says the FMI analyst.

Competitive Landscape

The variable frequency drives market is a highly competitive market, with a sizeable presence of both global as well as domestic players. However, key players account for nearly half of the market share. It is characterized by large supplier base and strong B2B networks.

The market has robust partnerships throughout the value chain. Suppliers of variable frequency drives adopt acquisition and regional expansion strategies to establish a foothold. Brand consciousness and aggressive marketing makes it challenging for new entrants in the variable frequency drives market.

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More Insights on FMI’s VFD Market

A recent market study published by FMI on the variable frequency drives market includes global industry analysis for 2016-2020 & opportunity assessment for 2021-2031, and delivers a comprehensive assessment of the most important market dynamics. The market has been segmented on the basis of drive (AC drive & DC drive), voltage range (low and medium), application type (standard and regenerative), end-use application (pump, fan, compressor, conveyor, HVAC and others) and end-use industry (oil & gas, food processing, automotive, mining & minerals, pulp & paper and others) across five major regions.

Global Pharmacy Automation Systems Market: Increasing need for Quality Care and Technological Upgrades Boost the Pharmacy Automation Systems market

According to a recent market report published by Future Market Insights titled “Pharmacy Automation Systems Market – Global Industry Analysis and Opportunity Assessment, 2016–2026,” the global Pharmacy Automation Systems market was valued at US$ 3,344.7 Mn in 2016, and is expected to register a CAGR of 6.2% from 2016 to 2026.

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Pharmacy Automation Systems are increasingly being installed by various end-users such as hospital pharmacies, clinic pharmacies, retail pharmacies, mail order pharmacies and pharmaceutical SMEs.  There is an increase in the usage of Pharmacy Automation Systems in hospital pharmacies due to an increase in the demand for medication dispensing cabinets to provide formulary across health system to support nurses and pharmacists to manage the medication dispensing and administration. Moreover, there is a rise in the usage of Pharmacy Automation Systems in the clinic pharmacies, retail pharmacies, mail order pharmacies, and pharmaceutical SMEs.

There is an increasing inclination of pharmacists for automation systems as it automates time-consuming and routine tasks such as medication compounding, packaging, dispensing, storage and retrieval, etc. Also, these automation solutions streamline pharmacy workflow and also reduce risk of errors, which enables physicians to focus on direct patient-care activities. The system streamlines the outpatient and inpatient drug dispensing process by ensuring the appropriate drug reaches the right patient at the right time. Therefore, increasing number of pharmacists opt for pharmacy automation systems to eliminate the risk of errors which otherwise are caused due to manual compounding and dispensing of medications. This, in turn is anticipated to drive the revenue growth of pharmacy automation systems market in the near future.

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Pharmacy automation systems comprises automated cabinets, barcode systems and automated dispensing systems, tablet splitters, etc. that enable pharmacists and healthcare providers to have real-time access to the stock along with proper inventory management.

Also, pharmacy automation systems provide enhanced safety to patients requiring medications. Automation in pharmacy also reduces number of staff required to manage and control pharmacy operations that in turn reduces labor cost. Increasing awareness about these benefits of pharmacy automation technologies is expected to fuel the demand for pharmacy automation systems in the near future.

However, the higher cost of automated dispensing systems, vial filling robots, tablet counting machines is a major factor hampering its adoption of pharmacy automation systems across resource poor countries. Typical vial-filling robots will automate approximately 45% of daily retail pharmacy prescription volume at an initial installation cost of approximately US$ 200,000. Moreover, the higher maintenance costs associated with these systems installation along with exorbitant pricing for training and development program for end users impede the practical implementation of pharmacy automation systems. Thus, decreased adoption of pharmacy automation systems in small retail pharmacies, has led to decrease in market growth.

The global pharmacy automation systems market is categorized on the basis of product type, the pharmacy automation system market is segmented into medication dispensing cabinets, packaging and labelling systems, IV pharmacy (automated drug compounding), robotic dispensing systems, carousal storage systems and tablet splitters. In terms of revenue share, medication dispensing cabinets (ADC) dominated the global pharmacy automation systems market in 2016 and is expected to retain its dominance throughout the forecast period.

On the basis of application, the Pharmacy Automation Systems market is segmented into drug dispensing & packaging, drug storage and inventory management. In terms of revenue share, drug dispensing and packaging dominated the global pharmacy automation systems market in 2016 and is expected to do so throughout the forecast period. The inventory management application segment is anticipated to expand at the fastest CAGR during the forecast period.

On the basis of end-use industry, the global pharmacy automation system market is segmented into hospital pharmacies, clinic pharmacies, retail pharmacies, mail order pharmacies and pharmaceutical SMEs.  Hospital pharmacies currently account for the highest revenue in the pharmacy automation systems market due to increasing usage of pharmacy automation systems in hospitals in developed countries.

This pharmacy automation systems market report also covers trends that drive each segment and offers analysis & insights regarding the potential of the pharmacy automation systems market in regions such as North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, and Middle East & Africa. Among these regions, the APEJ pharmacy automation systems market is projected to exhibit relatively high growth in the global pharmacy automation systems market with a CAGR of   8.2% during the forecast period. Revenue from the pharmacy automation systems market in North America is estimated to account for over 62.3% of the global pharmacy automation systems market revenue in 2016. The pharmacy automation systems manufacturers and technology providers can focus on expanding across several countries in APEJ such as India and China.

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Some of the key competitors in the pharmacy automation systems market are AmerisourceBergen Corporation, Baxter International Inc., Swisslog Holdings AG, Care Fusion Corporation, Cerner Corporation, Kirby Lester LLC, Talyst, LLC., Omnicell Inc., and ScriptPro LLC Corporation;  Inc. These key players are constantly focusing on product innovation and geographical expansions to sustain their market presence and increase revenue generation by developing various types of solutions and delivering outstanding offerings to several end-users.

For more insights into the global pharmacy automation systems market, write in to Future Market Insights analysts at press@futuremarketinsights.com

High Meat Consumption and Adoption of Automation Underscore Emerging Trends in Poultry Keeping Machinery: FMI

The newest market research study by Future Market Insights on poultry keeping machinery finds that the market was valued nearly at US$ 4.5 Bn in 2018, and is projected to grow by ~3% CAGR during the forecast period of 2019-2029. The study mainly attributes the rise in consumption of poultry meat for the positive growth prospects of the poultry keeping machinery market. The poultry keeping machinery market has a high potential to grow in regions such as Latin America, Asia Pacific excluding Japan and North America, according to the study.

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Significant product innovation over the next decade with advanced technologies meeting regulations and animal welfare norms are expected to emerge as a product differentiator for the market. Automation of agricultural and farm equipment and demand for advanced and cost-effective poultry keeping machinery from new poultry farms have increased significantly.

Growing demand for progressive products is imposing pressure on the manufacturers to deliver technologically-advanced and unique product offerings, finds FMI. Thus, technological advancements have led to noteworthy investment in research & development by equipment manufacturers. Manufacturers in the poultry keeping machinery market focus on developing unique patented technologies, which act as product differentiators and help them earn a competitive edge.

From an investment viewpoint, birds such as turkey, ducks and broilers have high economic value as they adapt easily to any environment. They can be used for meat within eight weeks, and thereby, with expected increase in consumption, significant upsurge in investment in the poultry sector is expected, particularly in developing countries, countries in the Middle East Africa such as Iran and Tunisia.

APEJ Region to Provide Noteworthy Growth Opportunities for Manufacturers

With ongoing technological advancements and progression in agricultural and farm equipment over the years, automation is anticipated to emerge as the future of the poultry keeping machinery market in growing economies in the APEJ Region. Poultry keeping machinery manufacturers are focusing more on improving their market structures and offerings in the region.

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For the global poultry keeping machinery market, the APEJ region is projected to be a prominent region throughout the forecast period owing to the increasing consumption and production of poultry keeping machinery in China and India, along with North America, Latin America, Western Europe, and Eastern Europe. The growing focus on animal welfare worldwide has inclined consumer focus on the methods adopted in the production of the food produced from the farm.

Broiler Harvesting and Slaughtering Equipment to Remain Prominent Poultry Keeping Machinery

The division of the global poultry keeping machinery market has been done on the basis of product type, along with seven regions.

Based on product, poultry keeping machinery is commonly used in broiler harvesting and slaughtering, which is expected to contribute to the growth of the market in the coming years. It is anticipated to play a prominent role in the global poultry keeping machinery market throughout the forecast period. The other types of poultry keeping machinery such as vaccination, flooring, scales, nest, and cages, are also considered to project relatively high growth in the upcoming years. Drinking and feeding poultry keeping machinery also have noteworthy benefits due to their reduced microbial load and improvement in feeding pellets to the farm animals. This will improve the growth performance through feed intake, which will result in weight gain. This feed conversion ratio will lead to healthy protein gain. For More Information or Query or Customization Before Buying, Visit: https://www.futuremarketinsights.com/customization-available/rep-gb-564  Poultry Keeping Machinery Market: Vendor Insights

The global poultry keeping machinery report emphasizes on some of the principal industry players in the global poultry keeping machinery market. Some of the examples of the key players in the market are Valco Companies, Inc., Jansen Poultry Equipment, Vencomatic Group, Big Dutchman International GmbH, TEXHA PA LLC, Petersime NV, Hartmann Lebensmitteltechnik Anlagenbau GmbH, and HAMex-GmbH, among others.

For more information and insights on the Poultry Keeping Machinery Market, contact Future Market Insights analysts at press@futuremarketinsights.com

Rig and Oilfield Mats Market Expanding at a CAGR of 4.6% During 2018 – 2028 – Future Market Insights

Wet and humid conditions, loose soil and growing requirement of stable field operations among end-use industries is enhancing the demand for rig and oilfield mats as these reduce operational expenditure. Due to growing demand for matting solutions to provide equipment protection in varying conditions, rig and oilfield mats will witness growing demand from end-use industries. The oil and gas industry is the prominent end user of rig and oilfield mats. Remote operations and prevailing wet conditions in end-use industries are the two factors that will further drive the installation of rig and oilfield mats.

Global Rig and Oilfield Mats Market: Analysis & Forecast

The global market for rig and oilfield mats is expected to witness significant growth in 2018 and will reach a market value of US$ 1,365.7 Mn, exhibiting a y-o-y growth rate of 4.6% as compared to 2017. Furthermore, the global demand for rig and oilfield mats will also be influenced by rising exploration and production and drilling operations in the oil and gas industry. Growing population and increasing demand for electrification will drive the installation of rig and oilfield mats in electrical T&D constructions and wind turbines. These projects will enhance the demand for rig and oilfield mats during the forecast period.

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Rig and oilfield mats are being adopted by a large number of oil and gas and electrical installation operators worldwide. Rig and oilfield mats are deployed based on the operation condition as well as budget. Wind turbines are witnessing high installation and growing demand for green energy production and consumption will further increase their demand. Growing demand for green energy production and consumption is leading to the growth of global rig and oilfield mats market in countries, such as the U.S., China, Brazil, India, Germany, the U.K. and Netherlands. Growing focus on establishing manufacturing and distribution units for rig and oilfield mats and increasing investments in developing countries of Asia by end-use industries will boost the demand for rig and oilfield mats over the coming years.

Rig and Oilfield Mats Market Segmentation By Type (Wood mats,Composite mats,Metal mats); By End Use (Oil and Gas,Electrical T&D Construction & Maintenance,Wind,Infrastructure Construction,Military,Helipad) :  https://www.futuremarketinsights.com/reports/rig-and-oilfield-mats-market

Global Rig and Oilfield Mats Market: Segmental Insights

Based on product type, composite mats and metal mats will continue to dominate the rig and oilfield mats market in terms of global market share and are expected to account for approximately 37.6% and 40% shares, respectively, by the end of 2028.

Based on end use, the oil and gas industry will continue to dominate the rig and oilfield mats global market and is expected to account for US$ XX Mn by 2028 end. The demand for rig and oilfield mats in electrical T&D construction, wind and infrastructure construction is expected to grow faster in developing regions, such as APEC, China and Latin America.

In 2018, North America is estimated to be the most lucrative region in the global rig and oilfield mats market and is likely to hold more than 35% of the global market share. Further, advancements in skid proof composite mats will drive the demand for rig and oilfield mats in Western Europe, North America, China and APEC.

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Increasing demand for rig and oilfield mats in the coming years will influence prominent manufacturers to collaborate with regional distributors and suppliers for expanding their business. Newpark Resources Inc, Strad Energy Services Ltd., Horizon North Logistics Inc., Signature Systems Group, Checkers Group, Rig Mats of America, Inc., MaXXiMaT, BRIDGEWELL RESOURCES and PortaFloor are some of the key players in the global rig and oilfield mats market.

In terms of market value, the global rig and oilfield mats market is forecast to register 4.6% CAGR and is expected to create absolute $ opportunity worth US$ 768.2 Mn during the forecast period. North America and Western Europe are likely to witness maximum adoption of rig and oilfield mats. These regions will grow at a CAGR of 5% and 4.7% respectively over the forecast period.

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Micro Guide Catheters Market is projected to advance at a moderate pace with a CAGR of 5.6% during the forecast period 2022-2032

Micro Guide Catheters Market Overview

The micro guide catheters market is projected to advance at a moderate pace with a CAGR of 5.6% during the forecast period 2022-2032.

Sales of micro guide catheters are anticipated to surge rapidly, owing to the sedentary lifestyle of people who are predisposed to cardiovascular disease or other diseases.

Instead of traditional open surgery, doctors use a variety of techniques to operate with minimal damage to the body in minimally invasive surgery. This majorly drives the demand for micro guide catheters.
In general, minimally invasive surgery is associated with less pain and fewer complications. This is precisely why people worldwide prefer micro guide catheters, thereby scaling up the demand for micro guide catheters.

Minimally invasive procedures are beginning to replace traditional surgical care in other medical domains, such as cardiology, due to the development of integrated solutions, in turn spiking the sales of micro guide catheters globally.

With the help of micro-guided catheters, minimally invasive surgery can treat arterial, venal, and vascular bypass grafts, and sales of micro guide catheters are likely to skyrocket owing to its wide application.

The demand for micro guide catheters is rapidly increasing due to a number of factors, including a higher accuracy rate and fewer infections.

Patient preferences are increasing, driving the micro guide catheter market due to the low risks associated with this treatment.

Furthermore, the material used in the catheter’s production allows for flexibility and tracking of the stent during the surgical procedure, which boosts the demand for micro guide catheters.

Another vital factor spiking the sales of micro guide catheters is that the most advanced catheters have a thin hydrophobic surface coating, which is a smooth, slippery film that makes catheter insertion safer and more comfortable.

Recently, bio-compatible catheters made of a polymeric material with a titanium surface have been used, which aids in improving lubricity during surgery which results in higher demand for micro guide catheters in the near future.

What are the Key Factors Impacting the Micro Guide Catheters Market?

The micro guide catheter is built to approach highly complex lesions in the human anatomy through the most difficult vessels, ducts, or cavities which is the primary factor propelling the demand for micro guide catheters.

Sales of micro guide catheters are also facilitated by improved tensile strength and increased reliability due to stainless-steel braid in micro guide catheters.

This is a significant advantage of a micro guide catheter over other conventional catheters, which fosters the augmentation of micro guide catheters’ market share of various key players.

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The micro guide catheter lumen is tapered and intended to provide for enhanced guidewire control through the human body. As a result, surging the demand for micro guide catheters globally.

The risk associated with catheter material and functioning can hamper the growth of the micro guide catheter market, thereby impinging on the sales of micro guide catheters.

A vital factor impacting the demand for micro guide catheters negatively is the weakness of the polymers used in catheters which results in fractures that can only be rectified by additional surgery.

How is the Competition in the Micro Guide Catheters Market?

Some of the key market players in the global micro guide catheters market are LuMend Corporation, Terumo Europe N.V., Covidien AG, ASAHI INTEC Company Limited, Lake Region manufacturing Inc., Boston Scientific Corporation, Volcano Corporation, Micro Therapeutics Inc., Merit Medical Systems Inc. to name a few.

The micro guide catheter manufacturing companies aim to gain US FDA and C.E. approvals for their micro guide catheters in order to scale up their micro guide catheters market share.

A few recent developments in the micro guide catheters market are:

  • The Neurovascular portfolio, which includes Chikai Guide Wires and Fubuki Guide Catheters and Sheaths, was acquired by Asahi Intecc USA’s direct sales team.
  • Boston Scientific has agreed to buy Apama Medical Inc., a privately held company that will develop the Apama Radiofrequency (R.F.) Balloon Catheter System for the diagnosis of atrial fibrillation (A.F.).
  • The ASAHI Corsair Armet microcatheter has been officially launched in the United States by ASAHI INTEC CO., LTD. It is a long-lasting, restricted micro catheter approved for use in peripheral vascular procedures.

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About FMI:
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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Carbon Brush Market Is Expected To Register A 3.8% CAGR Between 2022 And 2029

Future Market Research’s new market research report titled, ‘Carbon Brush Market: Global Industry Analysis 2014–2021 and Market Forecast 2022–2029’, scrutinizes the carbon brush market, and offers critical insights for the forecast period between 2022 and 2029.

As per the report, the global carbon brush market is projected to observe remarkable growth during the forecast period, owing to the aspects such as rising demand from industrial applications, automotive, and electrical hand tools.

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The market for the global carbon brush market was valued at over US$ 2,500 Mn in the year 2021, and is expected to expand at a CAGR of nearly 4% during the forecast period of 2022 to 2029.

Increasing production is sectors such as industrial applications, automotive, electrical goods, household appliances, energy, and healthcare, among others, has resulted in a drastic growth in the demand for carbon brushes, which are used to conduct electrical current between the stationary and rotating parts of a motor. This describes the anticipated growth of the carbon brush market during the forecast period.

East Asia Projected to Offer Noteworthy Growth Opportunities to the Carbon Brush Market Players

The global carbon brush market is considerably consolidated, with the top 4 players accounting for around one-fourth share of the overall market.

Apart from these 4 players, there are few players in the market that have established themselves at domestic and as well as global levels. Subsequently, market players involved in the carbon brush market are poised to expand into lucrative regions, and are also expending their manufacturing facilities to cater to the ever-growing demand.

In the global carbon brush market, East Asia is expected to be a prominent region throughout the forecast period, because of the increasing production and consumption of carbon brushes in China. Beside East Asia, North America, including countries such as the U.S. and Canada, is also anticipated to be a lucrative region for the carbon brush market.

The increasing consumption of electrical appliances, industrialization, and surge in automobile sales are some of the cited factors driving the growth of the carbon brush market in East Asia.

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Motor Segment, by Application Type, and Industrial Application Segment, by End-Use Industry, to Remain Prominent Over the Forecast Period

Based on product type, the electro graphite segment is expected to remain a dominant segment in the forthcoming years, accounting for a protruding share in the global carbon brush market throughout the forecast period. In terms of the growth rate, the electro graphite segment is considered to project relatively higher growth in the coming years.

On the basis of application, the motor segment is estimated to account for nearly one-third of the market size, owing to their vast applications in various end-use verticals. Based on sales channel, the aftermarket segment is estimated to account for nearly two-third of the market size throughout the forecast period.

Carbon brushes have significant applications in various end-use industries such as automotive, electrical hand tools, industrial applications, household appliances, security and defence, petrochemicals, energy, and healthcare, among others.

The industrial applications segment is projected to be one of the prominent end-use industry segments in the carbon brush market, and is expected to account for more than one-third of the total carbon brush market throughout the forecast period. Besides industrial applications, carbon brushes also find important application in the automotive industry, which is also expected to create significant revenue for the global carbon brush market.

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Carbon Brush Market: Vendor Insights

The report highlights some of the market players that are prominent and are leaders in the global carbon brush market.

Some of the examples of the key players in this market are Morgan Advanced Materials, Mersen SA, Robert Bosch GmBH, Schunk GmBH, Toyo Tanso Co., Ltd, Pelican Carbon Brush Pvt. Ltd, Helwig Carbon Products Inc., Aupac Co., Ltd, Assam Carbon Products Limited, Naeem Carbon & Industrial Products LLP, Phynyx Industrial Products Pvt. Ltd, and National Carbon Brush Products, among other players.

Digital X-Ray Equipment Market is projected to expand at an exceptional double-digit CAGR from 2022-2032

Digital X-Ray Equipment Market Overview

The global digital X-ray equipment market is projected to expand at an exceptional double-digit CAGR from 2022-2032.

Advances in technology, efforts to improve healthcare facilities, and an ageing population are all driving demand the demand for digital X-ray equipment.

Furthermore, increased product approvals, as well as partnerships and collaborations by key players who are striving to expand their digital X-ray equipment market share, scale up sales of digital X-ray equipment.

For example, Nanox and SK Telcom agreed to collaborate on the deployment of 2,500 Nanoxdigital X-ray Systems in South Korea and Vietnam.

Rising awareness of the availability of portable systems is one of the major factors driving the demand for digital X-ray equipment.

Low cost and ease of use are the primary benefits associated with digital X-rays that are propelling the sales of digital X-ray equipment.

Demand for digital X-ray equipment also scales up as the images are also instantly available for distribution to clinical services, eliminating the need for time and physical effort to retrieve film packets.

This factor has a significant impact on the sales of digital X-ray equipment.

A major benefit is patients being exposed to 70-80% less radiation than traditional X-rays, thereby ensuring the safety of pregnant women and patients who are already ill, and the same is expected to accelerate the demand for digital X-ray equipment.

Dentists can now easily recognise oral issues with the help of digital X-rays, which is leading to a decrease in the need for an invasive investigation at the diagnosis stage, thereby surging the sales of digital X-ray equipment.

Furthermore, digital radiography securely stores patient X-rays, resulting in no loss on the part of the holders.

The demand for digital X-ray equipment has been significantly influenced by rising healthcare expenditures made by various governments in order to advance technological advancements in the sector.

What Factors are Influencing the Digital X-Ray Equipment Market?

The primary factor that is scaling up the sales of digital X-ray equipment is the efficiency of electromagnetic radiations that represent clear digital images through digital x-ray equipment.

The rise in demand for digital X-ray equipment is also attributable to quick healthcare delivery, improved workflow and the safety associated with the digital X-ray radiations for the living tissues.

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The sales of digital X-ray equipment are majorly driven by novel technological advancements, increasing healthcare expenditure, rise in ageing population and disease prevalence.

The digital X-ray equipment market is also witnessing a highly competitive scenario that has led to large number of improved digital x-ray equipment launches where key players are focusing on rising their digital X-ray equipment market share.

Moreover, digital x-ray equipment is less expensive yet more efficient than other radiography equipment, in turn driving the demand for digital X-ray equipment.

The adoption of digital X-ray is expected to broaden thereby spiking the sales of digital X-ray equipment as digital x-ray equipment is based on transmission of the x-ray beam, which exposes only the surfaces of the human anatomy under observation.

What is the Scope of the Digital X-Ray Equipment Market?

Digital X-ray equipment delivers medical imaging in the standard safety radiation dose and is widely used in the imaging of all human body tissues, which is expected to rise the demand for digital X-ray equipment.

Digital X-ray equipment has become a part of routine check-up, thereby facilitating huge sales of digital X-ray equipment.

One of the most promising areas of health innovation is the use of artificial intelligence (AI), particularly in medical imaging, which is expected to drive the demand for digital X-ray equipment to a large extent.

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In this regard, many ongoing research and development programmes have aided various companies to acquire a large digital X-ray equipment market share.

Various companies are currently conducting R&D activities to provide AI in various imaging modalities, including digital X-ray systems to enlarge digital X-ray equipment market share.

Digital x-ray imaging is one of the most important pillars of medical imaging.

About FMI:
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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Global Backflow Preventer Market Is Expected To Exhibit 3.7% CAGR Between 2021 – 2031

Backflow preventer sales are set to be reach US$ 367.4 Mn in 2021 with a stable long-term projection, as per latest insights from Future Market Insights (FMI), an ESOMAR-certified research and consulting firm. Demand for backflow preventer waned in 2020 due to the recessionary effects of COVID-19 on construction activities, resulting in deceleration of backflow preventers sales. However, barring a few countries, the water infrastructure development activities have resumed at a healthy rate post Q2 of the financial year. With the sector undergoing a recovery mode, the immediate as well as long-term growth outlook of backflow preventers market remains positive.

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Considerable increase in government norms and regulation for plumbing industry is expected to create growth opportunities. The increasing inclination towards reduced pressure zone backflow preventers in developed and developing countries across the globe is expected to drive the market.

Key Takeaways from Backflow Preventers Market Study

  • Global backflow preventer market is expected to exhibit 3.7% CAGR between 2021 and 2031
  • The U.S. is projected to account for over 75% sales in North America, thanks to increasing residential construction
  • Increasing focus on waste water treatment will enable the U.K. register 1.9% y-o-y growth in 2021
  • Increasing construction activities will drive growth in Germany and France
  • Increasing government spending towards waste water treatment will drive growth in Japan and South Korea

“Stringent laws implemented to ensure safe drinking water are expected to give impetus to the backflow preventer market. In addition to this, innovation of new connected backflow preventers will enable the market gain momentum at a steady pace through the forecast period. Competitive price offering, increase in end user satisfaction in terms of performance, and use of advanced technologies are some of the key strategies implemented by manufacturers operating in the market,” says FMI analyst.

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Competitive Landscape:

The backflow preventers market is understood to be fairly consolidated, with key players accounting for nearly 60% of overall market value share. These players are likely to invest in new technology developments and expansion of their networks in order to maintain their market shares. Some of the key players in the market are Honeywell International Inc, Rexnord Corporation, Conbraco Industries Inc., Watts Water Technologies Company, Emerson Electric Co., Caleffi S.p.a., W.W. Grainger, Inc., A.R.I. Flow Control Accessories Ltd, BEULCO GmbH und Co. KG and others.

Backflow preventer market is estimated to witness sound growth during 2021-2031. However, as it is a matured market, companies are expected to concentrate further on research and development activities to develop more in the field of water management that meet personalized requirements of consumers. Collaboration, mergers and acquisition with regional companies are some of the key strategies market players are likely to focus on to gain competitive edge.

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By Segmentation:

Product Type

  • Atmospheric Vacuum Breaker
  • Pressure Vacuum Breaker
  • Double Check Valve Assembly
  • Reduced Pressure Zone

Material Type

  • Stainless Steel
  • Plastic
  • Ductile Iron
  • Bronze
  • Other Materials

End Use

  • Residential
  • Commercial
  • Industrial
    • Sprinkler & Irrigation
    • Water & Wastewater
    • Chemical Processing

Region

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

Non Fusion Spinal Devices Market is expected to increase at a CAGR of 4.8 percent from 2022 to 2026

Non Fusion Spinal Devices Market Overview

The non-fusion spinal devices market was valued at $3.8 billion in 2020 and is expected to increase at a CAGR of 4.8 percent from 2021 to 2026.

The global demand for spinal non-fusion devices is driven by an ageing population, technological improvements, rising obesity rates, a competitive market, and rising desire for minimally invasive surgery treatments. However, during the forecast period, the non-fusion spinal devices market’s expansion was stifled by insecure reimbursement rules.

The non-fusion spinal devices market is growing because of rising prevalence of spinal disorders such as spinal stenosis and degenerative disc disease. A primary driving reason is the growing trend toward aggressive operations mixed with technological advancement.

Furthermore, problems such as obesity and heart attacks are being caused by the expanding geriatric population and lifestyle difficulties, which is boosting the global demand for non-fusion spinal devices.

Growing cases of spinal illnesses such as degenerative disc disease, as well as an ageing population, are propelling the global demand for non-fusion spinal devices forward, particularly in the United States and Europe.

Demand for non-invasive surgery, as well as technological advancements in medical equipment, are propelling the market forward. Instability in reimbursement policies is a stumbling block to market expansion. Furthermore, the expensive cost of these implants is driving up healthcare expenditures, limiting the market and creating a hurdle to the worldwide non-fusion spinal devices market‘s growth.

What are the Key Growth Contributors to the Non-fusion Spinal Devices Market?

Spinal implants are devices used to treat disproportion of spine, provide stability and strengthen the spine of patients. These devices are broadly segmented as fusion and non-fusion spinal devices. Non-fusion technologies into spinal surgery have improved outcomes by providing patients with at least some movement and flexibility in the spine.

The demand for non-fusion spinal devices mainly originates from the patients who are suffering from the problem of gradual disc damage, degenerative disc disease often results in disc herniation, and chronic back or neck pain.

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According to WHO, back pain affects people of all ages, from children to the elderly, and is a very frequent reason for medical consultations. It is difficult to estimate the incidence of back pain as the incidence of back pain is already high by early adulthood and symptoms tend to recur over time. The lifetime prevalence of non-specific (common) back pain is estimated at 60% to 70% in industrialized countries.

What are the Major Factors Impacting the Growth of the Non-fusion Spinal Devices Market Share?

Non-fusion spinal technologies and disc diagnostic devices. The global non-fusion spinal devices market share is driven by an aging population, an increase in the number of obesity patients, and a rise in the demand for minimally invasive surgery procedures

Non fusion spinal technologies devices market is driven by new technological advancements. The huge population afflicted from obesity and back pain problems drives the global market. However, unstable reimbursement policies act as a major barrier for the demand for non-fusion spinal devices.

With rapid technological advancement and wide acceptance of non-fusion spinal technologies and disc diagnostic devices among patients with back pain problem, the global non fusion spinal technologies market is expected to grow at healthy CAGR in the forecast period.

How is the Competitive Environment in the Non-fusion Spinal Devices Market?

Orthopediatrics Corporation has acquired Api Ltd, a company that has FDA-approved non-fusion scoliosis technology.

Some of the key participating players in the non-fusion spinal devices market are Zimmer Holdings Inc., Medtronic Inc., DePuy Synthes, Stryker Corporation, and others.

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Global Commercial Refrigeration Compressors Market Expand At A Moderate CAGR Of 4.5% Between 2022-2029

The global demand for commercial refrigeration compressors is expected to show promising growth, with a value CAGR of higher then 4% over 2022-2029. An increase in food & beverage production, along with the expansion of cold chain capacities to ensure minimize wastage and efficient storage of food, is expected to increase the demand for commercial refrigeration compressors, worldwide, over the forecast period.

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Furthermore, positive change in living standards and improving macroeconomic scenario have led to a significant surge in the number of organized retail stores, worldwide.

The rapid growth of the organized retail sector characterized by the rising number of supermarkets, hypermarkets, etc., is projected to drive the growth of the overall food chain, which, in turn, is estimated to boost the sales of commercial refrigeration compressors for refrigerated display cases and other refrigeration equipment.

The commercial refrigeration compressors market is expected to grow at a promising rate during the forecast period, supported by the increasing number of retail stores across the globe.

Commercial Refrigeration Compressors Market Analysis by Cooling Capacity

By cooling capacity, the commercial refrigeration compressors market has been categorised into up to 1 kW, 2-6 kW, 7-10 kW, 11-15 kW, 16-20 kW, 21-30 kW, 31-40 kW, and above 40 kW. The up to 1 kW segment is projected to be a prominent segment, and hold a significant market share in the global commercial refrigeration compressors market.

However, the 2-6 kW segment is expected to have a higher CAGR growth as compared to the other segments.

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Commercial Refrigeration Compressors Market Analysis by Type

By type, the commercial refrigeration compressors market is segmented into reciprocating, rotary, scroll, screw, and centrifugal compressors. The reciprocating segment accounts for nearly 34% value share, owing to the wide use in various commercial refrigeration equipment in the global commercial refrigeration compressors market.

Commercial Refrigeration Compressors Market Analysis by Refrigeration

By refrigeration, the commercial refrigeration compressors market has been categorized into R290, R404A, R134A, R744, R410A, R407C, and others (R600A, etc.). Among these, the R290 segment is expected to grow at a high pace, owing to its various advantages such as extended cooling capacity, better efficiency, and size reduction of the compressor.

Commercial Refrigeration Compressors Market Analysis by End Use

By end use, the commercial refrigeration compressors market is segmented into transport-based refrigeration systems, walk-in-refrigerators and freezers, reach-in-refrigerators and freezers, beverage vending refrigeration systems, refrigerated display cases, ice machines, and refrigerated vending machines.

The transport-based refrigeration systems segment can be further divided into shipping-based and truck & trailer-based. Also, the beverage vending refrigeration systems segment is further divided into drinking & soda fountains, beverage cooling & dispensing equipment, and beer dispensing equipment.

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Commercial Refrigeration Compressors Market Analysis by Region

From a regional perspective, East Asia is a projected to be a prominent market, owing to significant growth of retail stores in the region. Europe is projected to hold a value share of around 19% in the global commercial refrigeration compressors market.

The market in Asia Pacific is anticipated to expand at a relatively high growth rate, owing to the increasing demand for refrigerated display cases, beverage vending refrigeration systems, etc., which, in turn, is projected to drive the demand for commercial refrigeration compressors in the market.

The commercial refrigeration compressors market in China is expected to be a lucrative market, and is projected to grow at a value CAGR of nearly 6% during the forecast period.

Commercial Refrigeration Compressors Market: Vendor Insights

The report highlights some of the main companies that are operating in the global commercial refrigeration compressors market, such as Emerson Electric Co., HUAYI COMPRESSOR CO., LTD., Mitsubishi Electric Corporation, LG Electronics, Inc., The Danfoss Group, Panasonic Corporation, BITZER SE, GEA Group AG, Frascold S.p.A., Fusheng Co., Ltd., Nidec Corporation, Midea Group, Officine Mario Dorin S.p.A., Johnson Controls – Hitachi Air Conditioning, and Tecumseh Products Company LLC.