Environmental Regulations Mandating Water Reuse to Help Boost the Global Lamella Clarifier Market

A lamella clarifier is a type of settler designed to remove particulates from liquids. It is often used in primary water treatment in place of conventional settling tanks. The working principle of a Lamella Clarifier is based on the settling under the gravity, which provides a series of inclined plates to give a large projected surface area with comparatively smaller footprint than other types of clarifiers (circular and rectangular). Lamella Clarifiers find application in various end-use industries such as paper and pulp, food and beverage etc.

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Future Market Insights’ new report gives a clear overview of the global lamella clarifier market. The report is titled ‘Lamella Clarifier Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017 – 2027’. The report depicts the overall performance of the market and individual analysis of the various segments. According to the report, the global market is expected to hold a value of over US$ 420 Mn in 2017, reaching a valuation in excess of US$ 620 Mn by the end of 2027. The global lamella clarifier market is expected to grow at a CAGR of 4.1% during the forecast period. The report also suggests that there is a strong focus on research and development activities to introduce a new range of lamella clarifiers while maintaining the quality and efficiency of the product.

Global Lamella Clarifier Market: Dynamics

A lot of factors are responsible for influencing the growth of the global lamella clarifier market. One of the major factors contributing to the growth of market is a rapid industrialisation and urbanisation across the globe that have helped the market improve in a lot of ways including technologically. Also the increase in the number of industries all over the world have helped fuel the application of lamella clarifiers, in turn helping the global lamella clarifier market to witness steady growth.

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However the market is expected to face certain restraints as the increase in the number of industries is likely to magnify the competition levels in the global market and therefore, may narrow the profit margin of the companies. There is also an increase in demand for used clarifiers, which has limited the demand for new lamella clarifiers and this can restrict the revenue growth of the global lamella clarifier market.

Global Lamella Clarifier Market: Segmental Highlights

To give the research a holistic view, the global lamella clarifier market is segmented on the basis of application and region. On the basis of application the segments include industrial segment and municipal segment. On the basis of region, North America, Latin America, APEJ, Western Europe, Eastern Europe, MEA, Japan are studied in this report.

Here are some key highlights from the analysis of these segments:

  • Among the application segments, industrial segment is expected to lead the market with a market value of over US$ 260 Mn in 2017. This includes the chemical and fertilizer segment as the maximum contributing sub-segment with a market share of over US$ 52 Mn in 2017.
  • Among the regions, Asia Pacific excluding Japan is expected to hold the maximum value in the global market of over US$ 130 Mn in 2017, growing at a CAGR of 3.9% during the forecast period. However in terms of CAGR, North America dominates the global market with a CAGR of 4.8% during the forecast period.

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Global Lamella Clarifier Market: Competitive Dynamics

The research report by FMI, also consists of a section on the competitive scenario of the global market, which highlights the complete profiles of the leading companies in the market. Some of the top companies mentioned in the report are Metso Corporation, Westech Engineering Inc., Ion Exchange (India) Ltd, ENEXIO Germany GmbH, Aes Arabia Ltd, Parkson Corporation, Nordic Water Products AB, Jorsun etc.

Marine Communication Market 2022 | Current and Future Demand, Analysis, Growth and Forecast By 2031

Growing focus on seamless and secure marine communication systems will propel innovation in the ensuing decade 2021-2031, with sales set to post strong gains in 2021, according to a latest study by Future Market Insights (FMI). The study tracks marine communication growth in high-growth markets, analyzing lucrative segments and strategies of key players.

The global marine communication market is estimated to register a CAGR of 7.8% during the forecast period of 2021-2031.

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Key Takeaways

  • Maritime sat phone & internet devices segment is estimated to register a CAGR of 10.9% during the forecast period
  • Merchant ships segment will remain lucrative with a market share of 40.4% followed by fishing boats/vessels segment.
  • The rise in popularity of recreational boating is expected to increase the adoption of marine communication systems.
  • South Asia & Pacific marine communication market is set to register high CAGR, owing to the increasing demand of maritime digital data services in the region.marine communication market key regions and applications mekko chart, 2020

“With the advancement in digital data services, marine communication service vendors need to make numerous updates into their pre-existing communication technologies, in order to upgrade the industry and ensure maximum productivity” says FMI Analyst.

COVID-19 Impact Analysis

The effects of the coronavirus Covid-19 outbreak will extend well beyond health and the threat to human lives. There are already signs that the virus will significantly impact international trade and the shipping industry.

The epidemic has caused the shipping and maritime industry to face the worst circumstances as the workforce in these sectors has been shut down for the safety and prevention of the escalation of COVID-19. The market disruptions due to the coronavirus pandemic has resulted in 5%-7% Year on Year (YoY) decrease in annual maritime communication equipment’s in 2020.

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However, amid the pandemic, various governments globally has continued to focus on developing and innovating marine communication technologies by launching advanced marine communication satellites for faster and reliable data transfer between shores and ships. For instance, on September 2020, China has launched its 3rd maritime satellite into space to carry out high-precision maritime environment monitoring. Thus, the continued innovation in maritime communication technologies has resulted in significant growth in the market.

Increasing Demand for VHF-based Data Exchange System

The VHF-based Data Exchange System (VDES) provides a robust and globally standard communication system for e-navigation. It supports the safety and efficiency of ship and shore operations. The reduced cost of deployment and improved communication is creating demand in various countries around the globe.

Moreover, marine electronic vendors are also focusing on offering cost-effective satellite-based communication. For instance, EGNOS, a European satellite-based augmentation service (SBAS), provides correction to GPS signals to increase the accuracy of position information. Thus, the demand for satellite-based communication system is driving the demand, and is fuelling the global marine communication market.

More Valuable Insights on Marine Communication Market

FMI’s report on the marine communication market is segmented into four major sections such as product (marine radio devices (fixed-mount VHF marine radios, handheld marine VHF radios, MF/HF radios), Marine Multifunction Displays (MFDs), Automatic Identification Systems (AIS) (AIS transponders, AIS receivers), Vessel Monitoring System (VMS) Terminals, Marine Radars, VHF Data Exchange System (VDES), maritime sat phone & internet devices, others) services (consulting services, integration & installation services, and after-sales support & maintenance services), application (fishing boats/vessels, merchant ships, recreational vessels, working vessels, and others), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East & Africa) to help readers understand and lucrative evaluate opportunities in the marine communication market.

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Key questions answered in the report

  • How will Marine Communication market expand until 2031?

FMI projects the global marine communication market to register a CAGR worth 7.8% across the 2021-2031 assessment period. Increasing demand for high-quality communication in maritime industry is expected to drive the growth in a positive direction.

  • Which is the most lucrative market for marine communication?

US is the most lucrative region in the global marine communication market and the trend is likely to continue until the near future. This region is growing due to continuous developments in satellite-based communication systems and increased demand for enriched content from seafarers, crew and passengers in this region.

  • Who are the leading players in marine communication market?

Prominent players operating in the global marine communication landscape include Icom Inc, Inmarsat, Furuno Electric Co., Ltd., Garmin Ltd., and among others

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China Projected to Dominate the Global Glass Tempering System Market in the Near Future

Glass Tempering System Market: Global Industry Analysis (2012-2016) And Opportunity Assessment (2017-2027)” is a new report of Future Market Insights that tracks the performance of the market for the projected period of 10 years i.e. between 2017 and 2027. The global glass tempering system market is expected to witness significant growth during the forecast period, expanding at a CAGR of 3.7% during the projected period. Growth in the global glass tempering system market can be attributed to huge investments in R&D, increasing use of hybrid guide plates, solar control glazing for automotive and building glasses, growing use of lightweight glazing glass, and increasing usage of advanced nanotechnology in glass manufacturing.

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According to this report, North America and APEJ are the key regions for glass tempering system market participants. In North America, the United States is investing in tempering activities, which is creating immense opportunities for glass tempering system manufacturers. Product development and establishment of long-term relationships with tempered glass OEMs is also a key to success in this market. The global market for glass tempering system is expected to be valued at US$ 94.5 Mn by 2017 end and is estimated to reach US$ 135.6 Mn by 2027 end.

Global Glass Tempering System Market: Drivers

  • Shift towards renewable solar energy will accelerate the growth of the market
  • Improving construction sector especially in Latin America is fuelling the growth of the global market
  • Construction of energy efficient buildings and renovation of existing infrastructure is another key market driver

Global Glass Tempering System Market: Forecast by Tempering Technology

On the basis of tempering technology, the global glass tempering system market is segmented into controlled heating and quenching equipment and chemical treatment. Controlled heating and quenching equipment is further segmented into standard configuration and advanced configuration. In terms of value, the controlled heating and quenching equipment segment is anticipated to be valued at US$ 89.0 Mn by 2017 end, which is estimated to grow at a CAGR of 3.7% and reach a value of US$ 127.8 Mn by the end of 2027.

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Global Glass Tempering System Market: Forecast by Application

The application segment consists of flat, bent and combined flat and bent segments. Flat segment is further segmented into continuous and oscillating segments. Oscillating type segment is expected to emerge as the most attractive segment by application over the forecast period. Combined flat and bent segment is anticipated to create incremental $ opportunity worth US$ 4.2 Mn over the forecast period.

Global Glass Tempering System Market: Forecast by End Use

By end use the market is categorized into automotive windows, architectural, electronics, solar applications and others. Architectural segment is sub-segmented into windows and doors, mirror and partitions and furniture, while electronics segment is sub-segmented into smartphone and appliances. The solar applications segment is estimated to reach US$ 1.6 Mn in 2027 from US$ 1.3 Mn in 2017. The segment is estimated to grow at a CAGR of 2.4% during the forecast period.

Global Glass Tempering System Market: Forecast by Region

Seven regions have been covered in this report and they are North America, Latin America, APEJ, Eastern Europe, Western Europe, Japan and MEA. China is expected to remain a strong market for glass tempering systems. Most of the APEJ, Eastern Europe, and Latin America buyers import glass tempering lines from China with standard configuration, due to investment constraints. North America is also projected to hold a significant share of the global glass tempering system market over the forecast period.

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Global Glass Tempering System Market: Key Vendors

Glaston OYJ Abp, Luoyang Landglass Technology Co. Ltd., LiSEC Austria GmbH, Luoyang North Glass Technology Co., Ltd., Glasstech Industries (India) Private Limited, Keraglass Industries Srl, CoolTemper Ltd., HHH Tempering Resources Inc., Ratnesh International, North East Machines, Meta Therm Furnace Pvt. Ltd., Mappi International, EFCO, Saint-Gobain S.A., IGE Glass Technologies, Inc., Lambert GT Services Ltd. are some of the glass tempering system market companies profiled in the report.

Future Market Insights analysts are available to answer questions and provide more information on the global glass tempering system market. Write in to us at press@futuremarketinsights.com

Mobile Gamma Cameras Market expanding at a healthy 4.7% CAGR

Advancements in healthcare technology – particularly in the surgery category – have led to an increasing adoption of gamma cameras.

Further, the numerous developments in radio nucleotides are anticipated to favour the adoption of solid state cameras and mobile gamma cameras.

SPECT is currently the biggest application of gamma cameras given the low cost, large suite of radioisotopes, and expanded use cases.

Having said this, PET is anticipated to witness fastest growth in terms of adoption, owing to the greater special resolution and sensitivity, brought about by the use of positron emitting radioisotope that provides more energy, contrast, and special resolution. These findings are presented in a new research study on the global mobile gamma cameras market by Future Market Insights (FMI).

According to FMI analysis, the high costs of PET as compared to SPECT are expected to be negated in the wake of development of high sensitivity and selective tracers. FMI predicts a growth rate of 4.8% for the mobile gamma cameras market during the 10 year period from 2018 to 2028. Revenue from the sales of mobile gamma cameras is estimated to reach US$ 75.2 Mn by 2028 end, up from US$ 47.2 Mn in 2018.

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Shift Towards Dual Head Gamma Cameras and Premium Priced Hi-tech Products Trending the Mobile Gamma Cameras Market

Technology continues to remain a major enabler of revenue growth in the global mobile gamma cameras market. Being a high value-low volume market, technology plays a vital role in the mobile gamma cameras market, where the technologically advanced products are priced at a premium. The development of solid state sensors is slowly replacing the photomultiplier tube and this represents the biggest technological development in the mobile gamma cameras market followed by miniaturisation.

A notable trend being observed in the mobile gamma cameras market is the adoption shift towards dual head gamma cameras. Single head mobile gamma cameras have certain inherent disadvantages such as slow speed and lower density count leading to inability to perform different types of tests. This has resulted in an elevated demand for multiple head cameras. Dual head cameras increase total counts per stop, resulting in relatively lesser scan time and better image quality leading to enhanced accuracy in diagnosis.

Further, the latest mobile gamma cameras come with newer and better functionalities. Owing to advances in electronic components and software, modern mobile gamma cameras include advanced reconstruction algorithms and periodic updates that help boost scan speeds and image correction parameters. Advanced gamma camera software also facilitates more personalised patient scans by tracking patient activity and performing appropriate scans.

Key Takeaways from the Research Study on Mobile Gamma Cameras

The report by Future Market Insights studies the growth trajectory of the global market for mobile gamma cameras and also presents detailed forecasts for the various segments of the market. Key insights from the report are highlighted below:

  • Ambulatory surgical centres will remain fastest growing end users of mobile gamma cameras, owing to a greater demand in point of care testing
  • North America represents the largest regional market for mobile gamma cameras while Asia Pacific is expected to be the fastest growing market

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  • Single head mobile gamma cameras continue to remain dominant in terms of revenue owing to the small form factor and low cost; however, dual head mobile gamma cameras will witness rapid growth in demand on account of their high scanning speeds and better resolution
  • New product development and strong after sales service agreements with end users will remain key differentiating strategies of mobile gamma camera manufacturers

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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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Marketing Transcription Market 2022 Expectations & Growth Trends Highlighted Until 2031

As per a report by Future Market Insights (FMI), the global marketing transcription market is expected to reach a valuation of US% 1.68 Bn in 2021 and is expected to showcase high growth between 2021 and 2031. Transcription is the process of converting speech (recorded or live) into an electronic text document. The process includes providing an audio or video source file or URL to transcriber.

A transcriber either listens to file or upload it in a speech recognition software or creates a digital or textual transcript. Marketing transcriber’s transcripts consumer forums, group recordings, phone recordings, interviews, marketing research, focus groups, others key types.

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These transcripts offer various benefits like SEO visibility, captioning, user experience, maintain detailed records of meetings and group discussions. According to FMI, the demand for marketing transcription services is expected to account for above 67% of revenue generated in the market, while growth exhibited by the solutions segment is likely to be higher.

Key Takeaways of Marketing Transcription Market Study

  • Marketing transcription market is set to rise at above 8% CAGR between 2021 and 2031, driven by increasing adoption across various industries
  • The U.S. will emerge as an immensely attractive market, accounting for over 82% of revenue generated in North America
  • The U.K. is projected to register an impressive 15.3% Y-o-Y growth in 2021
  • The demand from Germany and Italy is expected to rise at a fast pace. Italy is forecast to exhibit double-digit growth over the forecast period
  • While China continues to dominate East Asia, Japan is set to record double-digit growth in the coming years

“Key players are focusing on continuous developments and implementation of new solutions such as cloud-based transcription services. Also, the emergence of AI-based transcription services is expected to save time and achieve higher accuracy rate for audio and video transcription. This is expected to create lucrative opportunities for growth of the market,” said an FMI analyst.

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Impact of COVID-19 on Marketing Transcription Market

The COVID-19 pandemic outbreak has disrupted many industries, including the marketing transcription market. During a time of crisis, marketing transcription services like audio transcription services, video transcription services, and custom transcription services can be a blessing and disrupt for customers and brands.

However consumers’ usage of marketing transcription is greatly increasing. It is considered important for various applications such as risk and compliance management, fraud detection and prevention, customer management, content transcription, others.

Historically, the market for marketing transcription has grown by almost 6%-7% globally in the past 5 years. In 2020, the total value of marketing transcription is estimated to be nearly US$ 1.7 Bn globally. Due to the COVID-19 outbreak, adoption for marketing transcription is estimated to increase by nearly 8%-9% in Q1-Q2 2021.

Transcription Services to Boost SEO and Online Marketing Practices

Online video marketing has emerged as a major part of content marketing. The strategy of video marketing has been adopted by various businesses that allows marketers to demonstrate the product in more sophisticated manner instead of traditional “static” web content marketing. In 2016, 96% of B2B organizations used video in their marketing campaigns.

Search Engine Optimization (SEO) is a marketing strategy motivated by creating higher page rank and increase more site visits. Search engines do the indexing based on textual contents. Transcription of video provides text that can be indexed by search engines, and enables website to increase the chance of being prominently featured in searches. By increasing traffic, businesses are able to produce more leads towards their product that directly increases sales and eventually revenue for the company. Hence, organizations are continually adopting transcription services to increase their business profits.

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More Valuable Insights on Marketing Transcription Market

A new market research report published by Future Market Insights (FMI) on the global marketing transcription market includes global industry analysis for 2016–2020 and opportunity assessment for 2021–2031. The report provides valuable insights on the basis of solution ((software (audio to text converter, and video to text converter)), and services (audio transcription services, video transcription services, and custom transcription services), type (consumer forums, group recordings, phone recordings, interviews, marketing research, focus groups, and  others), industry (BFSI, education, media & entertainment, IT & telecom, retail & consumer goods, government, and others), across six major regions.

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Industrial Robots Market Share by 2021-2031: Upcoming Trends and Analysis in Indian Market

Expanding demand for industrial robotics to maintain reliability and sustainability of the industries prompts numerous developments in this sector

Recovery in automotive industry and sustained momentum from food sector will be key to industrial robots recovery in 2021, finds new edition of the widely cited report on Industrial Robots by Future Market Insights (FMI). According to the study, demand for industrial robots witnessed a deceleration in 2020, however, as economic recovery has commenced, manufacturers can look forward to opportunities to emerge.

The latest edition (2021-2031) of the study builds upon the previous version, recalibrating market estimates for COVID-19 impact. The competitive landscape of the section has also been expanded to include changes in market structure, including M&As, divestures, and new forays.

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“Investment in industrial robots was looking up before COVID-19 crisis. Although a sudden deceleration occurred in 2020, the long-term prospects of the market remain strong,” says an FMI analyst.

Industrial Robots Market Key Takeaways

Industrial robot sales to rebound after a period of deceleration in 2020, as manufacturing industries look for resumption of activities
End-users are likely to ramp up demand for customized machinery, which will influence manufacturing activity
Asia Pacific continues to be one of the leading markets for industrial robots, as many economies in the region have been relatively less impacted
Growing emphasis on factory automation and IIoT will create positive sentiment on industrial robots
Industrial Robots Market Prominent Drivers

Manufacturing industry is readying for the future of manufacturing, creating substantial opportunities for market players
Broader focus on improving plant efficiency continues to create opportunities
Rise of e-commerce during the COVID-19 pandemic has created additional requirement for industrial robots in warehouse management
Industrial Robots Market Key Restraints

The high cost of deployment of robots continues to be a deterrent, especially among small and medium enterprises
Technical know-how and scheduled periodic maintenance continues to inhibit new sales
Lack of adequate infrastructure for incorporating industrial robots remains a key challenge

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Industrial Robots Market by Category

Product Type

Articulated Robots
SCARA Robots
Parallel Robots
Cartesian Robots
Cylindrical Robots
Others
Region

North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East and Africa (MEA)
End-use

Automotive
Electrical & Electronics
Metals & Machinery
Chemicals, Plastic & Rubber
Food & Beverages
Healthcare
Construction
Others
Applications

Material Handling
Welding & Soldering
Assembly & Disassembly
Painting & Dispensing
Others
Technology

Automatic
Semi- Automatic
Manual
Industrial Robots Market Competitive Landscape

Some of the players profiled in the industrial robots market include

Denso Corporation,
Kawasaki Heavy Industries,
Brenton, LLC,
Krones AG,
Mitsubishi Electric Corporation,
YASKAWA Electric Corporation,
KUKA AG,
Fanuc Corporation,
ABB Limited among others.
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December 2019 – Fanuc has delivered collaborative robotics CRX-10iA and CRX-10iA/L (long arm adaptation) that set new standards for reliability, unwavering efficiency, and well-being. The new robots were unveiled by FANUC at the INTERNATIONAL ROBOT EXHIBITION 2019, Dec. 18-21 in Tokyo.

June 2019-The world’s first regular interface for cooperative robotics was made by ABB and Kawasaki as their big projects. In many firms, the normal interface is ready to better fix the shortage of talented laborers.

March 2020 – The launch of the HC20XP collaborative robot was done by Yaskawa Motoman. The 20 kg payload HC20XP cooperative robot highlights hand-guided preparation for the use of a robot framework and is ideal for applications where robots need to operate comfortably or near humans.

More Valuable Insights on Industrial Robots Market

Future Market Insights, in its new offering, provides an in-depth analysis of the global Industrial Robots Market, displaying data on historical demand (2016-2026) and forecast data for the period, 2021-2031. The study provides readers with essential insights on the Industrial Robots Market on the basis of applications Material Handling, Welding & Soldering, Assembly & Disassembly, Painting & Dispensing across 6 key regions (North America, Latin America, Europe, Japan, APEJ, and MEA).

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global Environment Testing, Inspection, and Certification Market is projected to reflect a healthy CAGR During, 2017-2026.

Growth of the global environment testing, inspection, and certification market is mainly bound by various macro-economic and micro-economic factors. With the growing need to ensure product compliance with the stringent standards and regulations set up by the government, demand for the environmental testing, inspection and certification services continue to rev up in the global market. Moreover, surge in consumption of various goods particularly in the developing countries has further contributed towards the global market growth of environment testing, inspection, and certification.

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Growing need to ensure compliance to the product quality and safety has led to an upsurge in demand for environment inspection, testing, and certification services. In addition, rising instances of counterfeiting and piracy activities is projected to impact the global market growth of environment testing, inspection, and certification positively.

Future Market Insights states that the global market environment testing, inspection, and certification is projected to reflect a healthy CAGR over the forecast period, 2017-2026.

Leading companies in the global market are focusing on outsourcing services for testing, certification and inspection of the product. With the increasing imposition of the stringent regulations by the government, conducting internal test continues to remain comparatively costly.

Services for inspection, testing, and certification services continue to witness a surge in demand among third-party retailers for various applications inclusive of consumer goods and manufacturing.

Agriculture Industry to Represent a Leading Segment

Growing need to ensure safety and premium quality of the products has led the manufacturers to opt for testing products globally. On the basis of product type, the testing segment is expected to represent the highest revenue share, accounting for a value of over US$ 1,000 Mn by the end of 2017. The certification product type segment is expected to witness a robust CAGR in the global market throughout the forecast period.

Based on end user, the agriculture industry segment is expected to generate significant revenues, recording a value of over US$ 1,000 Mn by the end of 2026. In contrary to this, the industrial product manufacturer product type segment is expected to register the highest CAGR during the forecast period.

By sample type, the water testing segment is expected to witness robust revenue growth, representing a value of over US$ 600 Mn by the end of 2017. However, the waste testing sample type segment is expected to witness a healthy CAGR through 2026.

Based on the test type, the toxins segment is expected to generate significant revenues, recording a value of over US$ 800 Mn by the end of 2026. On the other hand, the physical properties test type segment is expected to register an impressive CAGR during the forecast period.

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Sales through Testing Products Remain High

By test type, the toxins segment is projected to generate significant revenues, representing for more than US$ 800 Mn by 2026-end. In contrary to this, the physical properties test type segment is projected to reflect a healthy CAGR in the global market through 2026. During the forecast period, the water testing sample type segment is projected to represent the highest revenue growth, recording more than US$ 600 Mn by 2017-end. In contrast, the waste testing sample type segment is projected to reflect a strong CAGR throughout the forecast period.

Growing need for premium quality and safe products has led to an upsurge in demand for testing the products among the organizations and manufacturers globally. Based on product type, the testing segment is projected to witness significant revenue growth, representing more than US$ 1,000 Mn by 2017-end. In contrast, the certification product type segment is projected to register a robust CAGR throughout 2026. On the basis of end user, the agriculture industry segment is projected to represent the highest revenue growth, accounting more than US$ 1,000 Mn by 2026-end. However, the industrial product manufacturer product type segment is projected to reflect a healthy CAGR over the forecast period.

Market Taxonomy

Region

North America Latin America Europe Japan APEJ MEAProduct Type

Testing Inspection CertificationEnd User

Agriculture Industry Construction Industry Government Institutes and R&D laboratries Industrial Product Manufacturers Other End UsersSample Type

Water Testing Air Testing Soil Testing Building Materials Waste Testing Fuel/Oil TestingTest Type

Toxins Chemicals Pathogens Physical properties Metal Organic matter Nutrients/Elements/Minerals Inorganics pH Test Other TypesMarket Players

Major players operating in the global market of environment testing, inspection, and certification market are

Intertek Group, SGS SA, Yara International ASA, Bureau Veritas, Assure Quality, ALS Ltd, SCS Global, Exova Group, APAL Agriculture, RJ Hills Laboratories, Eurofins Scientific, TUV Nord AG, Danaher, GE Healthcare and Life sciences, SAI Global Limited, Agrolab Group, HRL Holdings Ltd, Cawood Scientific, SESL Australia and EnviroLab.For More Information or Query or Customization Before Buying, Click Here

About Industrial Automation Division at Future Market Insights

The Industrial Automation & Equipment division at FMI adopts a novel approach and innovative perspective in analyzing the global machinery and industrial automation market. A range of FMI’s market research reports offer comprehensive coverage of capital, portable, process, construction, industrial, and special purpose machinery used across manufacturing sector. The team also conducts distinctive analysis about installed base, consumables, replacement, and USP-feature application matrix, making us a prominent voice of authority in the industry. We are associates of choice for established as well as budding industry

For more useful insights on the global environment testing, inspection, and certification market , Future Market Insights analysts can be contacted at press@futuremarketinsights.com

Global Retail Printers and Consumables Market Revenue Growth to be Driven by High Demand from the Retail Industry

The Global Retail Printers and consumables market is projected to grow at a healthy CAGR of 5.3% and 5.0%, respectively, in terms of value over the forecast period of 2017 to 2027 primarily driven owing to increasing application in end-use industry. Retail printers are electronic devices typically designed for printing of labels and receipts that are used within the retail space. Retail printers usually do not have programmable logic controllers of its own, but relies on an external system. Label and receipt printers are adopted for speedy and efficient printing of labels and receipts.

These devices find applications in various industrial verticals like manufacturing, logistics, healthcare etc. However, its utilization in the retail industry overshadows all other verticals prompting the manufacturers to register long term tie ups with various small scale and large scale retailers. The consumables used within these printers are labels, ribbons and paper. Ribbons and labels are used in conjunction with label printers utilized exclusively to generate labels while paper is typically used to generate receipts at POS stations.

Global Retail Printers and Consumables Market: Future Outlook

The Global Retail Printers market is projected to grow at a 4.8% CAGR during 2016-2017. The global market for retail printers is poised to register a steady CAGR of 5.3% over the ten year forecast period to reach a market valuation of US$ 4689.4 Mn by end of 2027 while the global consumables market is expected to be valued at US$ 8,503.4 Mn in 2017 and is estimated to grow with a CAGR of 5.0% in terms of value. Product upgrades and aggressive marketing is the key strategy executed to preserve the growth of the market on a long-term basis.

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Global Retail Printers Market: Segmental Analysis

  • The global retail printers market is segmented based on its usage in different areas of application. By type, it is segmented into desktop retail printers, industrial retail printers, mobile retail printer and others. The relatively small others segment comprises of special application retail printers such as ticket printers and wristband label printers
  • Mobile retail printer segment is estimated to a value of US$ 1898.3 Mn by 2027 end. In terms of volume, Mobile retail printer and desktop retail printer segments are anticipated to produce 2,257 thousand units and 1,871 thousand units respectively by the end of 2027
  • By technology it is segmented by label printers and paper printers. On the basis of printing technology the most dominant is the thermal transfer sub segment while direct thermal sub segment dominates in the paper printer segment. The inkjet, impact and laser printing technologies are expected to be the least attractive of all the segments owing to high cost, slow operation and impracticality than the thermal segment
Retail Printers and Consumables Market

Global Retail Consumables Market: Segmental Analysis

The global consumables market is segmented by type, application and region. By type, the paper segment is expected to dominate the market throughout the forecast period with 41.0% share by the end of 2027. The Label type segment is anticipated to witness robust growth in terms of value and volume over the forecast period owing to increasing adoption of labelling in warehousing sector as well as online retailing and also implementation of labeling in businesses to maintain assets.

Global Retail Printers and Consumables Market: Regional Outlook

Asia Pacific and North America hold the highest market potential in the global retail printers market. The market is primarily driven owing to healthy growth from the perspective of disposable income & purchasing power and increasing retailing activity around the globe. However, limited compatibility with different operating systems is expected to be a restraining factor for the growth of market in these regions. Eastern Europe and Latin America are struggling with sluggish growth in the market owing to fragmented supply chain, hence growth prospects for the market for retail printers in these regions is limited.

Global Retail Printers and Consumables Market: Competitive Landscape

The report highlights some of the top companies operating in the global retail printers and consumables market such as Zebra Technologies Corporation, Honeywell International, Inc., Toshiba TEC Corporation, SATO Holdings Corporation, Avery Dennison Corporation, Oki Electric Industry Co., Ltd., TSC Auto Id Technology Co., Ltd., Star Micronics Co., Ltd., Postek Electronics Co., Ltd., GoDEX International Co., Ltd., Citizen Watch Co., Ltd., Brother Industries, Ltd., Bixolon Co., Ltd., Pos-X LLC, Primera Technology Inc., CognitiveTPG, LLC, Seiko Holdings Corporation, Wasp Barcode Technologies, Cab Produkttechnik GmbH & Co KG, and  BlueBird, Inc.

These players are aware of the emerging technology called RFID (Radio Frequency and Identification) that could pose as a serious threat of replacing barcoding technology due to advantage of bulk data retention as opposed to single data retention of barcodes leading to faster scanning and data maintenance as well as elimination of line of sight scanning in RFID technology. Hence, prominent players are focused on implementing short term strategies by improving its existing product line up and introducing innovative features and wireless connectivity to sustain the growth of the global market.

Key Segments Covered

The retail printers market is segmented as given below:

By Printer Type

  • Desktop Printer
  • Industrial Printer
  • Mobile Printer
  • Others

By Printing Technology

  • Label Printer
    • Thermal Transfer
    • Direct Thermal
    • Inkjet
    • Laser
  • Paper Printer
    • Thermal Transfer
    • Direct Thermal
    • Impact
    • Inkjet

By Application

  • Departmental Stores
  • Warehouse Retailers
  • Mom & Pop Stores
  • E-Commerce
  • Supermarkets
  • Others

By Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excl. Japan (APEJ)
  • Japan
  • Middle East & Africa (MEA)

The retail consumables market is segmented as given below:

By Type

  • Labels
  • Ribbons
  • Paper

By Application

  • Departmental Stores
  • Warehouse Retailers
  • Mom & Pop Stores
  • E-Commerce
  • Supermarkets
  • Others

By region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excl. Japan (APEJ)
  • Japan
  • Middle East & Africa (MEA)

About Industrial Automation Division at Future Market Insights

The Industrial Automation & Equipment division at FMI adopts a novel approach and innovative perspective in analyzing the global machinery and industrial automation market. A range of FMI’s market research reports offer comprehensive coverage of capital, portable, process, construction, industrial, and special purpose machinery used across manufacturing sector. The team also conducts distinctive analysis about installed base, consumables, replacement, and USP-feature application matrix, making us a prominent voice of authority in the industry. We are associates of choice for established as well as budding industry

For more information on the global retail printers and consumables market, write in to Future Market Insights analysts at press@futuremarketinsights.com

Substation Automation Market Size to Top US$ 67.29 Bn Driven by Digitization in Power Grids: FMI Future Market Insights

Global sales of substation automation are expected to increase at 6% CAGR between 2021 and 2031, estimates Future Market Insights (FMI). With a favorable demand outlook, the substation automation market size is projected to top US$ 37.8 Bn in 2021 and is expected to reach US$ 67.29 Bn by 2031.

After countering the initial slowdown caused by the COVID-19 outbreak, recovery of the substation automation market is anticipated. As per the report, sales of substation automation are expected to grow at a robust 8.20% CAGR in terms of value between 2021 and 2031.

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Growing demand for retrofit substation automation across various end-use sectors is expected to augment growth of the market. In addition to this, surging applications of digital systems across manufacturing units, civic and power utilities, and the oil & gas sector will continue propelling sales of substation automation in the forthcoming years.

Substation automation systems streamline asset management and enhance operational and maintenance capabilities with minimal human intervention. The installation of these systems also reduces repair costs and prevents forced outages.

Disturbance analysis is another benefit offered by substation automation. The implementation of these systems records fault waveform and time stamp the measured operational data. Owing to these factors, applications of substation automation are expected to rise in manufacturing facilities across various industries.

Further, sales of substation automation are expected to gain momentum in commercial and civic power utilities. As per the U.S. Energy Information Administration (EIA), approximately 20% of the electricity generated in the country was from renewable energy sources.

Growing demand for effective power supply across commercial and residential sectors is expected to propel the adoption of substation automation in the forthcoming years.

“Growing adoption of substation automation in smart grids to enable remote monitoring and to avoid grid failures is expected to improve sales. In addition to this, increasing applications of substation automation software to improve financial performance, customer services, and organizational effectiveness will continue augmenting the growth of the market through 2031,” says an FMI analyst.

Key Takeaways:

In terms of component, sales of substation automation software are projected to rise at a remarkable pace over the assessment period. Based on control system type, total sales of SCADA-based substation automation are expected to top US$ 34 Bn by 2031. Demand for substation automation in manufacturing units is anticipated to account for 20% of the total sales in 2021. Sales of substation automation in the U.S. are anticipated to reach a valuation of US$ 6.8 Bn by 2031. China is expected to dominate the East Asia substation automation market, with sales growing at 6.8% CAGR over the assessment period. By 2031, India is expected to command 40% of the total substation automation sales in the South Asia market. Demand for substation automation in Japan and South Korea is projected to increase at 5.9% and 6.2% CAGR, respectively.

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Prominent Drivers:

Growing government-backed investments in smart cities across counties such as India, China, and Brazil are expected to give tailwinds to substation automation sales. Surging establishment of data centers to support digital activities across various end-use sectors is expected to boost demand for substation automation systems.

Competitive Landscape

Leading players operating in the global substation automation market are aiming at production facility expansions through mergers, acquisitions, and collaborations. Players are also entering into partnerships to expand their product portfolios to cater to a growing consumer pool. For instance:

In November 2020, Kuwait’s Ministry of Electricity and Water (MEW) contracted Siemens Energy to provide 116 high-voltage substations. The advanced maintenance services offered by these substations will improve performance, reduce operating costs, and deliver more reliable network operations for the Ministry of Electricity in Kuwait. In November 2020, Schneider Electric acquired a controlling stake in ETAP Automation Inc. (Dubai), to improve the integration of renewables, fuel cells, microgrids, and battery storage technologies to the power grid.

Leading players operating in substation automation market profiled by FMI include:

General Electric SIEMENS AG Eaton Mitsubishi Electric Automation CISCO Emerson Electric Co. ABB Schneider Electric Rockwell Automation Fuji Electric Co., Ltd. Nari Group

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More Insights on FMI’s substation automation Market

The latest market study on the substation automation market by Future Market Insights gives a detailed segmentation for the forecast period of 2021-2031. In order to gain a better perspective of the global substation automation market potential, its growth, trends, and opportunities, the market is segmented on the basis of:

Component:

Hardware IEDs Bay Controller Feeder and Motor Protection Relay Tele controller / IECs Circuit Breaker Control & Management Line Differential Others Software Data Visualization and Monitoring Data Analysis

Site:

Process Level/ Electric Control unit Bay Leve Substation Level

Rated Voltage:

Low Voltage Medium Voltage High Voltage

Control System:

SCADA based HMI based RI/O (Remote Input-Output) based

Application:

Transmission Substation Distribution Substation

End-Use:

Commercial and Civic Power Utilities Oil & Gas terminals Mining & Metallurgy Manufacturing Unit Railways

Region:

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

Key Questions Covered in Substation Automation Market Report 

The report offers detailed insights into substation automation market demand outlook for 2021-2031. The market study also highlights projected sales growth for substation automation market between 2021 and 2031. Substation automation market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry. Substation automation market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others.

Explore FMI’s Extensive Coverage on Industrial Automation Domain

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Fleet Management Market 2022 Assessment and Key Insights Analyzed Till 2031

As per the revised report by Future Market Insights (FMI), the global fleet management market is expected to expand at a CAGR of 10.4% over the forecast period (2021-2031). The growth can be attributed to growing adoption of cloud computing and big data analytics solutions for streamlining fleet management operations.

The market valuation expected to surpass US$ 11.5 Bn in 2021. Cost benefits offered by cloud-based deployments of fleet management solutions and the widespread penetration of mobile networks, with the declining costs of hardware, will drive the market for the foreseeable future.

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The COVID-19 pandemic has disrupted many industries, including the fleet management market. Services have been gravely affected including transport, tourism, and distributional services by mobility and travel restrictions for public health measures.

fleet management market share by region

Disruptions in services are having an economic and trade impact, in offering inputs for economic activities such connecting supply chains and facilitating trade. However, the crisis is leading to greater adoption of online services in retail, education, health, telecom, and A/V sectors.

Suppliers are boosting efforts to enhance their online businesses as consumers adopt new habits that will contribute to long-term transition towards online services. Increased usage of online services during has highlighted connectivity and technology related inconsistencies.

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Operators in developing and developed nations boosted data capacity and suspended data limits even as governments issued additional wireless connectivity spectrums to enhance service capacities.

Key Takeaways from Fleet Management Market Study

  • Support and maintenance services will hold over 59% of the market share, driven by adoption in small and medium sized enterprises.
  • Transportation applications will exhibit higher demand, holding 37.8% of the market in 2021.
  • China will lead the East Asia market, exhibiting a CAGR of over 9.1% through 2031, with growing demand for cloud-based fleet management solutions.
  • The market in the U.S. is projected to expand at a CAGR of 10% through 2031, supported by presence of key players in the market.
  • Germany will hold the lead in Europe by the end of 2031, with a CAGR of over 11.8% owing to growing prominence of data analytics and predictive maintenance trends.

“Key players are focusing increasingly on the development and implementation of new solutions for improved fleet management operations. Digital transformation is expected to create opportunities in the foreseeable future with the incorporation of autonomous vehicles through the upcoming decade,” says a Future Market Insights (FMI) analyst.

Who is winning?

The moderately consolidated fleet management market is characterized by players who are increasingly focusing on the development of new product offerings in addition to strategic geographical expansion efforts. Moreover, fleet management companies not only oversee financing and leasing, but also manage entire fleets.

Prominent players in the fleet management market include but are not limited to TomTom N.V., Trimble Inc., GoFleet Corporation, Cisco Systems, Inc., Geotab Inc., Digital Matter, GPS Trackit, Fleetmatics Group PLC, GoGPS, Wireless Links, Embitel, Gurtam, Teletrac Navman, Linxio, StreetFleet, TigerFleet, Zebra Technologies Corp., Ruptela, Trakm8 Limited, and WebEye Telematics Group, among others.

More Valuable Insights on Fleet Management Market

A revised market research report published by Future Market Insights (FMI) on the global Fleet Management market includes global industry analysis for 2016–2020 and opportunity assessment for 2021–2031. The report provides valuable insights on the basis of component (hardware (GPS tracking devices, dash cameras, Bluetooth tracking tags, data loggers), software (fleet management software and telematics software) and services (managed services, and professional services (consulting & advisory, integration & implementation, and support & maintenance); fleet type (trucks/cars/buses, ships/vessels, aircrafts, and railcars); application (fleet tracking and geofencing, vehicle maintenance and diagnostics, driver behavior monitoring, fuel management, and others); industry (construction, manufacturing, mining, transportation, oil and gas, and others), and across six major regions.

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Key Questions Answered in the Report

  • What is fleet management market size?