Coronary Stent Market is expected to expand at a CAGR of 14.0% over the forecast period 2016–2026

India coronary stents market, valued at US$ 481 Mn in 2015, is expected to reach US$ 531 Mn in revenues by 2016-end, according to a new research report by Future Market Insights. The report titled, “Coronary Stents Market: India Industry Analysis and Opportunity Assessment, 2016-2026” projects the market to increase at 14% CAGR through 2026 and surpass US$ 1.8 Bn in revenues.

Demand for coronary stents is expected to be driven by government initiatives to offer better healthcare amenities. Capping of coronary stents prices, increase in geriatric population, and increasing number of PCI procedure to treat CHD are other key factors anticipated to fuel demand for coronary stents during the forecast period.

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Easing of norms such as exemptions in direct taxes, while allowing 100 percent FDI in medical devices segment under the automatic route is expected to encourage entry of foreign players in the healthcare sector in the near future.

Increasing prevalence of diabetes is high among the ageing population in the country. In 2014, 43.2% of the sampled population in the country was aware about diabetes and related treatment options. Over the last few years, number of PCI procedures have increased in India due to increase in prevalence of CHD.

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India coronary stents market is segmented on the basis of product type, raw material and end-use.

On the basis of product type, the market has been segmented into Drug Eluting Stent (DES), Bare Metal Stent (BMS) and Bioresorbable Vascular Stent (BVS). Drug Eluting Stent segment is expected to register impressive CAGR of 14.0% during the forecast period.

On the basis of raw material, the market is segmented into cobalt-chromium, stainless steel, platinum-chromium, nickel-titanium and polymer. Currently, demand for cobalt-chromium is the highest, followed by platinum-chromium.

On the basis of end use, India coronary stents market is segmented into hospitals, ambulatory surgical centres and cardiac catheterization laboratories. By end use, hospitals segment is expected to witness fastest growth during the forecast period.

The key players profiled in FMI’s report include Abbott Laboratories, Medtronic, Inc., Biosensors Inc., and Boston Scientific Inc. The report also identifies company-specific strategies related to product development, market consolidation initiatives and analysis of their specific strengths, weaknesses, opportunities and threats.

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Key Segments

Product Type

  • Drug Eluting Stent
  • Bare Metal Stent
  • Bioresorbable Vascular Stent

Raw Material Type

  • Cobalt Chromium
  • Stainless Steel
  • Platinum Chromium
  • Polymer

End User

  •   Hospitals
  • Ambulatory Surgical Centres
  • Cardiac Catheterization Laboratories

Compression Veterinary Bandages Market Insights, Deep Analysis of Key Vendor in the Industry 2017-2027

Veterinary bandages are necessary medical supply for pet owners and veterinary clinics or hospitals. These bandages are used to care from major and minor injuries to the animals. Compression veterinary bandage are used for the animals to prevent the bandage from falling out. These compression veterinary bandages provide effective level of compression and sustained result. The purpose of pressure or compression veterinary bandage is to control bleeding, provide support to an injured limb, minimize the swelling, protect a wound from getting contaminated and absorb fluids from a wound. Compression veterinary bandages comes in a broad range of packs and colours.

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Compression Veterinary Bandages Market: Drivers and Restraints

The global compression veterinary bandages market is expected to be driven by the increasing focus of people on taming their farm animals and pets. With the advancement in the technology, companies have developed compression veterinary bandages and products that stick to itself and does not require any extra substance. Development of advanced compression veterinary bandages and better care products is also expected to fuel the growth of the market. Rise in the number of companies that are manufacturing the products for animals care is also expected to drive the growth of compression veterinary bandages market. Rising trend of horse racing is also expected to drive the market of compression veterinary bandages as this helps to remove toxins and lymph fluid along with managing swelling as horse legs can swell after a long day of standing and racing.

Compression Veterinary Bandages Market: Overview

The global compression veterinary bandages market is expected to show a significant growth over the forecast period. Rising horse racing craze among people is one the reason for the growth in compression veterinary bandages market. As after long day of standing and racing horse get tired, so compression veterinary bandages are used to reduce the swelling in the legs of horse by removing lymph fluid. Horses have about 8,000 lymph nodes making them more prone to the development of swelling. Increasing focus of owner on providing better care to their animals and commercialization of animal trading is also expected to drive the growth of compression veterinary bandages market as, owners want their animals to keep healthy. Companion animals segment is expected to show a better growth as people are emotionally attached to their pets leading to the higher growth in compression veterinary bandages market.

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Compression Veterinary Bandages Market: Region Wise Outlook

The global compression veterinary bandages market can be segmented into regions: North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and Middle East & Africa. Asia Pacific compression veterinary bandages market is dominating the global market as, this region has highest number of animals and animals trading is more common in the region. Asia Pacific excluding Japan is expected to continue to dominate the market of compression veterinary bandages market. Middle East and Africa region is also expected to show significant growth in compression veterinary bandages market as this region has trend of horse racing.

Compression Veterinary Bandages Market: Key Players

Some of the market participants in the global compression veterinary bandages market are, EquiCrown, Merck Sharp & Dohme Corp., Millpledge Pharmaceuticals, Andover Healthcare, Inc., and America’s Acres Health & Safety Products. These companies are focusing on development of compression veterinary bandages specific for the animals such as, specialized bandages for horses.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

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Compression Veterinary Bandages Market: Segmentation

The global compression veterinary bandages market is segmented on the basis of product type, animal type, distribution channel and region.

On the basis of product type the global compression veterinary bandages market can be segmented into:

  • Long Stretch or Elastic Bandages
  • Short Stretch or Low Elasticity Bandages
  • Multicomponent Multilayer Bandages

On the basis of animal type the global compression veterinary bandages market can be segmented into:

  • Companion Animals or Pets
  • Farm Animals

On the basis of distribution channel the global compression veterinary bandages market can be segmented into:

  • Retail Pharmacy
  • Online Pharmacy
  • Veterinary Clinics
  • Veterinary Hospitals

Balers Market: Notable Developments & Geographical Outlook

Since the advent of agriculture equipment in late centuries, the hay was removed manually by hand or most typically using hay forks to rake and gather hacked grasses into ideal sized heaps. Later in 1860s, mechanical cutting grass were developed, from there modern devices such as balers and mowers were developed. By 1940s, balers were automatically picked up hay from the ground and were attached to tractors. Companies such as New Holland, Hesston, and John Deere have continually refined the balers into a modern farm equipment.

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The Global Balers market is expected to gain traction in its usage due to large scale livestock feedlot operations, where tons of feeds are rationed every hours. Increasing product awareness amongst end users, preference for stationery wire tying balers have been identified as primary factors responsible for market growth. The market is being governed primarily by a set of tier-1 manufacturers who rule on global as well as on local / regional levels.

Since the launch of balers, major manufacturers have underwent a lot of technological up gradations to enable convergence of balers with a plethora of advancement, such as tractor pulled automatic tie pick up, or a wire tying balers. Additionally, manufacturers are launching new balers with advanced features to sustain their market share over the forecast period. For instance, Claas KGaA mbH introduced new stationary chamber round balers named Rollant 620, with 1.50 m diameter of bale. This has been developed for harvesting of hay and straw with high throughput and bale density. Similarly, Massey Ferguson, launched new series MF 2200 (large square balers) which includes a new Packer Cutter for the MF 2240 and MF 2250 models. Likewise (Aug, 2017), the company (Deere and Company) introduces five new models for precutter baler (1.5m) and round bale accumulators. These all models comprise of the new (0 Series Round Balers) which are build upon the nine series balers and comprise of new features which improve balling speed, hay pickup and productivity in the field.

Therefore, to gain competitive advantage, manufacturers are providing possible services and product training facilities to consumers (farmers) via several initiatives. Aftersales service facilities and training are being provided by manufacturers through distributors/franchisees or direct sales channel in the target regions. Therefore these kind of activities, in turn, enhance the brand image and consolidating companies’ business footprint as well as consumer base.

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Regional Market Outlook

The global balers market is segmented into the following regions – Middle East and Africa, China, India, North America, Latin America, Eastern Europe, Western Europe, Japan and South East Asia. India and China have been dominant in the Global Balers market mainly due to increased acceptance by farmers on individual as well as commercial level. In North America, the USA is a prominent market due to the high demand from agricultural industry. Western and Eastern Europe are also expected to provide sound growth opportunities due to rising awareness about balers. Latin America is also projected to grow with considerably high CAGR due to rising demand from countries such as Brazil and Mexico. Growth in the Middle East and African region is expected to be considerably less as compared to the other regions.

Key Players

The key players ruling the global Balers market are Deere & Company, Case Construction Equipment, Caterpillar Inc., Kuhn S.A, AGCO GmbH, Vermeer Corporation, Claas KGaA mbH, Krone UK Ltd., to name a few in the global and regional specific markets.

Increasing opportunities in the agricultural industry due to the advancement in technology, and increase in demand from industrial sector are expected to create demand for balers in the forthcoming years. With the market being less focused, opportunities for market entrants are projected to be on the optimistic side with focus on regional/ local markets by market participants. Also, the value or supply chain is expected to expand due to an entry of retailers and product suppliers catering to high sales volume demand from the farmers receiving significant trade margins.

By Segment:

Balers are generally used by farmers in their field that used to collect cut hay and compact it into compressed form, manageable parcels for efficient transport. Small square balers could harvest a bale hay weighs between 18 to 32 kg whereas, large bales could produce 454 kgs of bales. Therefore, large balers must be moved with the help of tractors. The Balers market can be segmented on the basis of the following criteria:

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By type-

  • Small square/rectangular
  • Small Round
  • Large square/rectangular
  • Large Round

By Size-

  • Bound with twine
  • Strapping
  • Netting
  • Wire

By End Use

  • Industrial
  • Agriculture

Mud Logging Unit Market: Notable Developments & Geographical Outlook

Since its commercial introduction in 1939, mud logging units have become a center for monitoring formation responses to drilling process. Historically, mud logging units were the most basic type of well log. The mud logger’s command, primarily, was to describe the lithology of formation and record depth. Eventually, the scope of mud logging has expanded as additional sensors, such as weight on bit, gas chromatographs and mud pit level indicators, have begun to bring more data into logging units.

Advancements in networking systems and computing, surface sensors’ design and sample analysis have made these units quite popular in the 21st century. Though most commonly used in petroleum exploration, mud logging is also used when exploring minerals or drilling water wells where the drilling fluid is the circulating medium used to lift the hole.

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Over the coming years, the demand for these equipment will gradually increase as according to experts, the demand for natural gas is expected to increase by more than 70% by 2025, i.e. from 90 to 156 trillion cubic feet. Also, the greatest demand for natural gas would be coming from emerging economies. Given the current consumption rate, emerging economies in Asia are expected to almost triple.

However, sometimes compressed air is used as a circulating medium instead of a mud logger, which is far by most commonly used substance. Thus, an alternative and more accurate name used is “surface logging“ and those who carry out the procedure are referred to as pore pressure engineers or formulation evaluation engineers. Primarily, mud logging strives to successfully identify potentially productive sites for drilling by looking for out hydrocarbon-rich formations.

Due to increasing energy consumption, the demand for oil & gas refineries has increased globally, which are required to meet this rising demand. For instance, Russia is the largest producer of natural gas. In Asia-Pacific, Indonesia is the largest producer of natural gas and South Korea, China and India are relatively small consumers of natural gas in the region. The largest producer of natural gas in Africa is Nigeria and Egypt is the second largest producer of natural gas in Africa. In Middle East, UAE and Iran are major producers of natural gas in the region.

Companies are implementing new technologies for these equipment to maintain their position. Most of the big manufacturers are investing in this technology on account of increasing demand from oil & gas sector. Mud logging requires a good deal of diligence and attention and thus, companies are also investing in training of their employees to build their skills in this area.

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Regional Market Outlook

The global Mud Logging Unit market is segmented into the following regions – Middle East and Africa, China, India, North America, Latin America, Eastern Europe, Western Europe, Japan and South East Asia. India and China have been dominant in the Global Mud Logging Unit market mainly due to increasing demand from oil & gas industry. In North America, the USA is a prominent market due to the high demand from the natural gas industry. Eastern and Western Europe are also expected to provide moderate opportunities due to increasing awareness about Mud Logging Units. Latin America is also expected to grow with significantly high CAGR due to rising demand from countries, such as Brazil and Mexico. Growth in the Middle East and African region is expected to be considerably less as compared to the other regions.

By Segment:

Mud Logging Units are designed to provide a continuous reading of the total hydrocarbons in a gas stream and also determine the composition of the sample gas stream. Additionally, mud logging units also record and monitor drilling parameters, flow levels and mud volumes. The Mud Logging Unit market can be segmented on the basis of the following criteria:

By the type of the standard equipment-

  • Gas Excavator
  • Vacuum System
  • Total Gas detector
  • Gas Calibration
  • Optical Instrument

By Service-

  • Pressure Detection
  • Geochemical Analysis
  • Petro Physical Analysis
  • Measurement While Drilling (MWD)
  • Communication

By Application-

  • Offshore
  • Onshore

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Key Players

The key players ruling the global Mud Logging Unit market are Jindal Drilling & Industries Limited, Excellence Logging, Oil Field Instrumentation Ltd., Schlumberger Limited, SDP Services Ltd., DHI Services, Inc., Specialist Services Group, ATCO Group, Weatherford International, Naftagas Offline Services and Geolog.

Industrial Valve Actuators Market: Notable Developments & Geographical Outlook

In the 1920s, pneumatic actuators were utilized for valve control across various end-use industries. However, development of advanced process plants along with high pressure requirements and new innovations, such as gas-over-oil actuators, were developed.

Though the demand for energy is expected to stay high in the long term, the demand will be quite unstable in the short term. The oil and gas industry is facing various challenges in the overall value chain, i.e. from production to logistics and distribution. In the recent past, there has been a significant drop in oil barrel prices, manufacturers in the industry need optimization and improvement of processes to increase efficiency while adhering to the strict safety standards attached to the danger of the products handled. Small and smart technological improvements and working methods will lead to good results.

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A valve needs a means by which it can be operated (e.g. actuated or cycled). Various options are available to achieve this, which includes gears, levers, actuators and hand wheels. Valve actuators serve various functions across end-use industries, including process control, safety, automatic switching, etc.

Emergence of technological advancements have enabled the development of industrial valve actuators with remote control features. There has been continuous rise in the adoption of industrial valve actuators across various industries owing to the developments in communication systems, IIoT and sensors. Within an oil & gas industry, valve actuators with remote controlling operations are mostly utilized for deep-well and subsea applications. Further, cost of ownership in end-use industries can be reduced with the help of actuators that are available with in-built sensors.

Key Developments

  • In March 2018, IMI Precision Engineering announced that the company will showcase their latest range of IMI Norgen electric actuators
  • In June 2015, Rotork launched the 3rd generation IQT intelligent part-turn electric valve actuators
  • In May 2015, Rotork launched a new range of compact hydraulic and pneumatic valve actuators, primarily designed to perform in constrained space applications

Market Participants

Production of shale gas in the United States will continue to expand in near future, which, in turn, will lead to increased demand for industrial valve actuators. The aforementioned reasons are anticipated to provide growth opportunities for the manufacturers in near future.

Some of the key players identified across the value chain of the global Industrial Valve Actuators market include General Electric, Schlumberger Limited, Emerson Electric Co., Assured Automation, Honeywell International Inc., Rotork, Flowserve Corporation, Johnson Controls International plc, Schneider Electric, The Danfoss Group, Curtiss-Wright and others.

The global industrial valve actuators market is found to be one of the most fragmented markets as a large number of global as well as regional players are involved in the manufacturing of actuators.

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Significant Investments in the Oil & Gas Projects, Assisting the Demand for Valve Actuators

Growing investments across the value chain of the oil & gas industry is one of the prominent factors likely to support the demand for valve actuators over the near future. For instance, in March 2017, Exxon Mobil Corporation announced that it will invest around US$ 20.0 Bn through 2022 to expand its oil refining plants on the U.S. Gulf Coast.

Moreover, rising production and exploration of new oil & gas fields and augmented investments in refineries and pipelines in the Middle East & Africa and Asia Pacific and Americas region is anticipated to contribute significantly towards the growth of global industrial valve actuators market.

Key Data Points Covered in the Report

Some of the key data points covered in our report include:

  • An overview of the market, including background and evolution
  • Macroeconomic factors affecting the market and its potential
  • Market dynamics, such as drivers, challenges and trends
  • Detailed value chain analysis of the market
  • Cost structure of the products and segments covered in the market
  • In-depth pricing analysis, by key product segments, regions and by market participants
  • Analysis of supply and demand, such as top producing and consuming geographies, imports/exports and overall trade scenario in the global market
  • Analysis of the global market structure, including a tier-wise categorization of key market participants
  • Competitive landscape of the market, including detailed profiles of top players in the market

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

Regional outlook

The global Industrial Valve Actuators market is segmented into the following regions – North America, Latin America, Western Europe, Eastern Europe, South East Asia-Pacific, China, Japan, India and the Middle East and Africa. Middle East and Africa dominates the market and is expected to follow the same trend in near future owing to surging demand from end-use industries, such as oil and gas. MEA, followed by China, is anticipated to grow at a significant rate in the market in near future. North America and Europe together are expected to account for a small share in the market over the next decade. Japan in the global industrial valve market is anticipated to grow at a comparatively slow rate.

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

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

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By Segmentation:

The global Industrial Valve Actuators market can be segmented on the basis of product type and end-use industry.

On the basis of product type, the global industrial valve actuators market can be segmented as follows:

  • Electric Actuators
  • Pneumatic Actuators
  • Mechanical Actuators
  • Hydraulic Actuators

On the basis of end-use industry, the global industrial valve actuators market can be segmented as follows:

  • Water and Wastewater
  • Oil and Gas
  • Power Generation
  • Food & Beverages
  • Chemical
  • Marine
  • Others

Laser Marking Machines Market: Notable Developments & Geographical Outlook

Industrial and manufacturing sectors demand cutting-edge and reliable equipment for production processes. One type of equipment that is rapidly becoming indispensable to many industries, is laser marking machines and systems. Laser marking machines offer permanent, faster and accurate marking and engraving solutions for metals and non-metal units. Laser marking machine utilizes various lasers for the marking, etching, and engraving of numerous products and materials for a diverse range of applications. Several industries utilize the machine to mark serial numbers, component labeling, date codes, barcodes, and individual part numbers. Moreover, laser marking machines are popular in the medical industry for titanium and stainless steel parts, though laser marking can be performed on other materials as well.

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Among laser marking machines, fiber lasers are hastily gaining popularity in various industrial applications owing to excellent beam quality, superior reliability and high efficiency. The laser marking machines are employed predominantly in electronics & semiconductor industry for the laser marking of silicon wafers, and PCBs to facilitate traceability. Requisite of high initial investment and robust infrastructure play a vital role in the further growth in the global laser marking machines market. Additionally, substantial growth is expected to witness by the laser marking machines market. Consequently, global study of laser marking machines become an important read for the companies to develop new strategies in this lucrative market.

Intense radio frequency range and hazards related to electrical shocks from device controls proliferate opportunities for manufacturers to develop user-friendly and reliable laser marking machines. Significant competition among the prominent and new market players increases the contest to enhance more market share. Strategies related to research and development activities are adopted by the companies to further gain a competitive edge in the global laser marking machines market.

Various price ranges of laser marking machines available in the market are expected to create a positive influence on the purchasing behavior of customers. Furthermore, product development which includes portable laser marking machine is anticipated to augment the growth over the forecast period. Also, the lack of alternative technologies for laser marking machines is foreseen to aid an impetus to the pace of laser marking machines market in the coming years. Additionally, profitable performance in the end-use industries such as packaging, machine tools, and the automotive industry is expected to pave new avenues for the development of the global laser marking machines market.

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Key Participants

Example of some of the market participants in the global laser marking machines market discerned across the value chain include:

  • Trotec Laser GmbH
  • ROFIN-SINAR Laser GmbH
  • ALLTEC GmbH
  • Wuhan HGLaser Engineering Co., Ltd.
  • LASEA
  • TYKMA Electrox, Inc.
  • Jinan Style Machinery Co., Ltd.
  • RMI Laser
  • Arihant Maxsell Technologies Private Limited
  • Agile Machineries Pvt. Ltd.
  • Sintec Optronics Pte Ltd
  • Laserite Ltd. (Lotus Laser Systems)

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

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

Market Segmentation:

Global laser marking machines market can be segmented on the basis of Laser Marking Machines and regions.

On the basis of product type, global laser marking machines market can be segmented as

  • Handheld
  • Portable
  • Desktop
  • Others (Universal Type)

On the basis of laser type, global laser marking machines market can be segmented as

  • CO2 Laser
  • Fiber laser
  • Nd : YAG Laser
  • Nd : YVO4 Laser
  • UV Laser

On the basis of end-use industry, global laser marking machines market can be segmented as

  • Electronics
  • Aerospace
  • Automotive
  • Military & Defense
  • Medical
  • Food & Beverage
  • Oil & Gas
  • Others (general industrial goods etc.)

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Regional Outlook

According to Japanese industry, production by the Japanese electronics industry is foreseen to increase steadily in the coming years. However, maturity in the market is likely to impede the growth of laser marking machines market. Demand for laser marking machines is likely to come from Asia Pacific owing to surge in demand for packaging solutions. In the developed market of North America and Western Europe, innovations and technological advancements are expected to bolster the growth of individual players in the laser marking machines market. Furthermore. U.S. semiconductor industry is an important contributor to the economy of the country. Rapid scientific developments in the field of electronics is anticipated to strengthen the growth of laser marking machines market. Low penetration of laser marking machines in Middle East & Africa proliferate development opportunities for the global and regional players.

Thrust Bearings Market: Notable Developments & Geographical Outlook

A ball thrust bearing is composed of spherical rollers guided into a raceway groove and washer-like bearing rings. The bearing rings provide support and transfer the axial load uniformly. A cylindrical thrust bearing is equipped with spherical raceway in the outer ring with rollers diagonally arranged in a single row. Cylindrical thrust bearings have relatively high axial load carrying capacity and are used on the shaft with high axial load. Ball thrust bearings, on the other hand, have relatively less load bearing capacity and are often assisted by another supporting bearing. Some of the other types of thrust bearings are tapered roller thrust bearings, spherical roller thrust bearings, etc. which are have superior load carrying capacity and self-alignment properties.

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Bearings are an essential component of machines and find applications in all almost all sectors, including manufacturing, mining, automotive, aerospace, military, consumer goods, electronics, processing plants, etc. There has been significant demand for various types of bearings from different machineries and systems. These bearings are required to reduce frictional loss and ensure reliable operation. Growth in demand has compelled manufactures to continually work on the development of more reliable and application specific bearings. Also, bearings have an extensive large aftermarket as all bearings have an estimated life cycle of millions of revolutions or millions of hours of work, after which the bearing must  be replaced with a new one.

Market Participants

The global thrust bearings market is assessed to be a fairly consolidated market, with some of the major brands holding highly developed sales and distribution network. Some of the examples of market participants identified across the value chain of the thrust bearing market are SKF AB, Schaeffler Group, THK Company Limited, NSK Limited, JTEKT Corporation, Nachi-Fujikoshi Corporation, RBC Bearings Incorporated, Timken Company, Luoyang Lyc Bearing Company Limited, Federal-Mogul Holdings Corporation, European Bearing Corporation, etc.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

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

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Thrust bearings are broadly used in a variety of machines, especially in heavy machineries, such as crushers, compounders, extruders and various other machineries. Growing market for mining machines, plastic processing machines, food processors and other associated machines is anticipated to create substantial market for thrust bearings during the forecast period. A typical car uses many thrust bearing in wheels, engines, transmission and various other components and thus, growth in automotive production will be an influential factor for the growth of the thrust bearing market. Aerospace applications require high grade bearings to ensure precise and reliable functioning of every component, which results in high replacement rate of bearings and other components.

The global thrust bearing market is anticipated to witness significant growth in near future, mainly driven by rising demand from both OEMs and aftermarkets. Also, growing efforts for developing more reliable bearings are also intensifying the competition among players participating in the global market.

By Segmentation:

Thrust bearing are available in different bore diameters, outer diameters, dynamic and static load ratings. The thrust bearing market can be segmented as follows:

By Type

  • Ball Thrust Bearing
  • Single Direction
  • Double Direction
  • Cylindrical Roller Bearing
  • Spherical Roller Thrust Bearings
  • Tapered Roller Thrust Bearing

By Series Type

  • Extra light
  • Light
  • Medium
  • Heavy

By Cage Type

  • Steel Cage
  • Brass Cage

By Sales Type

  • OEMs
  • Aftermarket

By Application

  • Manufacturing & Metal Processing
  • Plastic Processing Machines
  • Food Processing Industry
  • Oil & Gas
  • Automotive & Locomotive
  • Aerospace
  • Pumps and Compressors
  • Mining Machines (Crushers) & Earth Moving Equipment
  • Consumer Appliances
  • Others

Region-wise Outlook

The estimated size of global bearing market is somewhere between US$ 45 – 50 Bn, with Asia Pacific being the largest market owing to its widespread customer base. Asia Pacific is followed by Europe, North America, Latin America, MEA and Japan. The demand for thrust bearings majorly depends on industrial demand and the demand for repair & maintenance of machines equipped with the designated thrust bearing. At country level, Germany is anticipated to be the largest market in Europe whereas the U.S is anticipated to dominate the demand in North America market. China, Japan and India are expected to grab larger pies in the Asian Market and China is expected to be the most dominant country in the global market.

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Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

Marine HVAC System Market Competitive Growth Strategies Based on Type, Applications, End User and Region

As the climatic condition at oversea is relatively humid and warm so marine HVAC system is of great importance to control the on-board temperatures and humidity in any marine vessel, such as cruise ship, cargo ships, warship or offshore marine facility and platforms. Moreover, as the humid surrounding degrades the efficiency of the people on board and also corrode the cargo, machinery, and equipment of the ship increasing the maintenance cost, to avoid this HVAC system become a necessity for the marine industry these days. HVAC system contributes a lot towards the maintenance of the fresh, clean air of desired temperature and humidity for the crew, passengers as well as machinery.

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Marine HVAC systems are different from most of the land HVAC systems, as the marine HVAC systems are generally water cooled and not air cooled. It may be due to the fact that, on a ship, there is limited availability of space and abundance of water.  Moreover, in luxury ships such as cruise, the expectation of passenger is to have an experience of a lifetime. Which include high expectation towards the luxury and comfort and the indoor climate is part of the overall impression. In short, an effective HVAC system is a key contributor to the comfortable journey as well as successful vessel operation.

Marine HVAC System Market: Dynamics

The shipping industry depends upon international trade, economic fluctuations, commodity pricing as well as global demand dynamics. The shipping industry is expected to have a bright future owing to flow of strong trade and investments. Moreover, in the present era of globalization, transportation and trade are major contributors to the economic growth. This will lead to increase in the demand for shipbuilding, shipping, marine equipment and services in the forecast period, which in turn will drive the marine HVAC systems market.

Moreover, research and development are expected to be the key factors catering the growing need of energy from the diverse sources. The offshore renewable energy equipment platforms and oil platforms are expected to grow significantly to meet the global demand, which will positively impact the marine HVAC system market. Also, growth in transportation, travel and leisure sector is an important driving factor associated with the marine HVAC systems market.

However, high initial investment in the installation of HVAC systems can act as a restraint to the HVAC system market over the forecast period. Also, the shipping, trade, and shipbuilding are highly depended on the global economic health, and recession can also be a restraint which can affect the market growth in the forecast period.

Regional Outlook

In terms of consumption of marine HVAC systems, Asia Pacific followed by North America is expected to dominate the global marine HVAC systems market. China and India with the increasing exports are set to spend more money on shipbuilding industry, which will boost the market for marine HVAC systems. In terms of production, Western Europe and North America together are expected to have a commanding share in the global marine HVAC systems market owing to established infrastructure and technical know-how. Rest of the world market is estimated to account for a relatively small share of the marine HVAC systems market.

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The report covers exhaust analysis on:

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

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

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

By Segmentation:

The global marine HVAC system market can be segmented based on type of vessel:

  • Service Vessels
  • Passenger Vessels
  • Cruise Ships
  • Ferries
  • Cargo Carriers
  • Tankers
  • Container Ships
  • Bulk Carriers
  • Other Cargo Ships
  • Fishing Vessels
  • Personal Watercraft & Sailboats
  • Others

The global marine HVAC system market can be segmented based on type:

  • All water systems
  • All air systems (high or low-pressure)
  • Air-and-water systems
  • Others

The global marine HVAC system market can be segmented based on area of application:

  • Engine room
  • Cargo hold
  • Deck
  • Galley
  • Tender garage
  • Others

The global marine HVAC system market can be segmented based on technology:

  • Marine ventilation systems
  • Marine air conditioning
  • Marine heating systems
  • Marine refrigeration systems

The global marine HVAC system market can be segmented based on capacity:

  • Less than 10 RT
  • 11- 100 RT
  • More than 100 RT

The global marine HVAC system market can be segmented based on distribution:

  • Centralized
  • Decentralized
  • Combined

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Market Participants

Examples of some of the key market participants in the global marine HVAC system market, identified across the value chain are:

  • Heinen & Hopman
  • Bronswerk Marine Inc.
  • AF Group ASA
  • Carrier Corporation
  • DAIKIN INDUSTRIES, Ltd
  • DOMETIC GROUP
  • Drews Marine GMBH
  • NADI Airtechnics Pvt. Ltd
  • HORN International AS
  • GEA Farm Technologies

Industrial Power Monitoring System Market Competitive Growth Strategies Based on Type, Applications, End User and Region

Manufacturing Plants, Energy and Utilities, Mining and Metallurgy as well as commercial establishment etc., where electric system is complex and huge, call for centralized monitoring of energy, power and control. The industrial power monitoring system helps an industrial enterprise to monitor power distribution and consumption and achieve energy efficiency through well laid out procedures and methods aiding in overall cost savings. This savings vary from savings in energy unit consumed per hour, maximum demand charges, controlling energy wastages thus enabling better utilization of man power and avoidance of critical break down in the electrical systems etc.

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Industrial Power monitoring systems supports the ability to monitor status of power distribution, backup power system and power quality involved in core operations and utilities. It delivers detailed information required to prevent tripped circuits, diagnose power problems and balance loads. They are energy efficient as they understand total power usage of the data center or the facility, and use that information to maintain sever utilization, UPS efficiency and more. Industrial Power Monitoring Systems also track the power consumption of an industry to calculate utility bill for the energy being used by the facility. The related data can be lost or corrupted If Power fluctuates even for a second. A momentarily disturbance can trigger a damage that requires hours of data recovery time. Also, can cause malfunction in crucial servers and processes and can damage sensitive components.

Industrial power monitoring systems can manage or remotely control an enterprise wide network of many UPSs or provide power protection to complete infrastructure. It provides near real time or real time condition of power throughout the industry, monitors UPSs, notify automatically if there is any device failure, conduct orderly unattended shutdowns and selectively shut downs non critical systems. Power Monitoring Systems are generally used in Healthcare institutions, electronic industry, telecommunication, governmental and financial organizations.

Regional Outlook

Western Europe and United states owns a lion’s share in Industrial Power Monitoring systems supported by penalty based environmental regulations and high awareness of economic energy conservation.  Technological modernization of Industrial Sectors in Mid East Africa and Asia Pacific contributes to Industrial power Monitoring System market and has potential to see sizable growth in future as well.

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Key Players

  • ABB Ltd
  • CISCO System
  • Emerson Electric Company
  • Eaton Corporation PLC
  • EnerNOC, Inc.
  • General Electric Company
  • Honeywell International, Inc.
  • Rockwell Automation
  • Schneider Electric SE
  • Siemens AG

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust analysis on:

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

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

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

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Industrial Power Monitoring System Market: Dynamics

Global Industrial Power monitoring systems Market has been driven by increasing adoption of voluntary or mandatory energy management systems & widespread environmental regulations against energy wastage. Industrial power monitoring systems ability to communicate and monitor the components of power distribution from anyplace and anytime to avoid these critical loses resulting in high demand of Industrial Power monitoring systems.

Industrial Power monitoring systems are projected to find a high scope of application in some particular sectors like telecommunication (for remote monitoring and notification), healthcare, governmental and financial organization where data is sensitive and require trouble free operations.

Industrial power monitoring systems have gradually gained interest of electronic and manufacturing industries as they help in efficient utilization of power resources, reduce energy costs, and maximizing the reliability of electrical infrastructure; nevertheless, its implementation and adaption arises with barriers and challenges like initial high investment cost,  shortage of skilled resources. Also, hidden cost and longer payback period is hindering the market of Industrial Power Monitoring System.

By Segmentation

Segmentation of Industrial Power Monitoring system by Control System Employed:

  • PLC (Programmable Logic controls)
  • SCADA (supervisory control and data acquisition)
  • DCS (distributed control system)

Segmentation of Industrial Power Monitoring system by Technology:

  • MDM (meter data management)
  • PLCS (peak load control system)
  • DRMS (demand response management solution)
  • EMIS (energy management information system)

Segmentation of Industrial Power Monitoring system by application:

  • Mining And Metals
  • Power Generation and Transmission
  • Oil And Gas
  • Data Centers and Server Rooms
  • General Manufacturing

Industrial Furnaces Market Competitive Growth Strategies Based on Type, Applications, End User and Region

Industrial furnaces are the thermal enclosures in which raw materials, both solid state and liquid state, are processed at high temperatures. They attain higher processing temperatures as compared with open-air systems. The industrial furnaces can be designed according to their functions, temperature variance, fuel type and method of combustion. The basic construction of Industrial furnaces consist of radiant section, convection section, radiant coil, burner, flue gas stack and insulation. These furnaces have a basic working principle.

The materials in fluid form are heated up to optimum temperature levels in the radiant section where the fuel is burnt using the burner. There may be more than one burner in the arrangement as per the requirement. Next, the fluid in the radiant tubes pass through convection section where the heat exchange takes place and the flue gases are condensed before they are released into the atmosphere through stack or chimney.

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Industrial furnaces are available in market in various formats. These are used in numerous industries like glass, ceramic, metal, food processing and many more. The industrial furnaces have everlasting demand as the industries won’t shut down anyway. Metals, glass, cement, refractories, ceramic, plastic and fiber all these industries are booming with the ever growing demand for each and every industry thus mentioned. This shows how much the market needs industrial furnaces each year. The processing of materials however, can be improvised by resolving energy losses and improving the efficiencies by doing some R & D in the field of thermodynamics. The market is demanding for more efficient industrial furnaces.

Market Dynamics

Usage of industrial furnaces is mandate in major industrial sectors for processing various materials, oils, gases and food products. Although there are different versions of them but there is no alternative presented in the market to replace industrial furnaces. Although the life of an industrial furnace is long, there are newer industries being set up every year all over the world. Some are the new entrants while most of the industries being set up are by the old player with an idea to expand their market presence. This sense of competition has brought in better scopes for the industrial furnace industry and can be considered as a new trend in the market. The key driver for this market is the perennial demand for steel and Iron along with other important metals and materials.

With the growing demand for metals across several industries including but not limiting to automobiles, rail roads and metallurgy, more vehicles, ornaments, bridges, buildings and various other things are being manufactured and constructed. This calls for more and more industries to be set up to quench the rising demand which further ensures that there’s a lot of demand for industrial furnaces from businesses all over the world. With the introduction of industry 4.0 and IIoT (Industrial Internet of Things), the concept of industrial furnace has changed the whole scenario by opting for better efficiencies and automation.

This boom can be an opportunity for those manufactures who would be the early adopters of this technology. In the hindsight, the restraint for the market lies in the fact that industrial furnaces are considered as one time investments for any plant which have a long life of 10 to 15 years thus having a low product replacement rate. Secondly, most of the countries in the world are well equipped with sufficient industries and fewer no. of manufacturing facilities have been set up in the last decade and is expected to have a prolonged effect in the forecast period thus acting as a deterrent for the industrial furnace market.

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Regional Outlook

As per the current market scenario, the industrial furnaces market is prominent in APAC region where the world’s largest steel and automobile producers are ruling the world. The most intense market for industrial furnaces is the emerging economies where more number of steel plants are being invested on. Regions in Western Europe, NA, Russia and MEA are hot spots for this very market. Brazil and Ukraine also show significant scope for the market of Industrial furnaces.

The report covers exhaust analysis on:

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

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

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

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By Segmentation:

On the basis of arrangement, global industrial furnaces market can be segmented as:

  • Tube or clamshell Type
  • Box Type
  • Car Bottom Type

On the basis of operation, global industrial furnaces market can be segmented as:

  • Gas/Burner Operated
  • Electrically Operated

On the basis of application, global industrial furnaces market can be segmented as:

  • Atmosphere
  • Vacuum

On the basis of structure, global industrial furnaces market can be segmented as:

  • Batch
  • Continuous

On the basis of end-user, global industrial furnaces market can be segmented as:

  • Automotive
  • Oil and Gas
  • Metallurgy
  • Steel and Iron
  • Food Processing

Key Players

  • Epcon Industrial Systems, LP
  • International Thermal Systems
  • Industrial Furnace Company
  • Nutec Bickley
  • L&L Special Furnace Co., Inc.
  • Thermcraft, Inc.
  • SCHMIDT + CLEMENS GMBH + CO. KG
  • ANDRITZ
  • LÖCHER Industrieofen