Robotic Grippers Market is anticipated to grow at a CAGR of ~ 10% during the forecast period

A new market research study by Future Market Insights on the robotic gripper market contains global industry analysis 2014-2018 and opportunity assessment 2019-2029. The report investigates the robotic gripper market and provides critical insights for the forecast period of 2019-2029. As per the findings of the report, the global robotic gripper market is expected to experience substantial growth over the forecast period, because of multiple driving factors such as, use of smart materials for enhanced capabilities and growing horizon of applications along with increased number of end-use industries.

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The global robotic gripper market was valued at ~ US$1 Bn in 2018 and is projected to increase at a CAGR of ~ 10% between the forecast period of 2019 and 2029. This growth is significantly driven upsurge in the automotive and electronic & semiconductor industry, introduction of specific gripper portfolio, and rise in the robotic automation in specific regions such as East Asia.

Owing to the rapid growth of factory automation in East Asia and other nations including Singapore, Malaysia, and more, the demand for robotic grippers is expected to grow at an impressive pace. According to the FMI analysis, the onset of Industry 4.0 is further expected to increase the adoption of robotic grippers in smart factories. 

Surplus Growing Opportunities in the East Asia Market

Japan being one of the significant countries in robotic automation is expected to show upsurge in the robotic gripper market. South Korea has a high number of robot-10,000 employee ratio, in which China is expected to register a high growth rate in recent years, owing to high labor costs and increased automation. These countries have a major share in the global robotic gripper market, hence East Asia is expected to generate substantial growth opportunities for the robotic gripper market.

Use of Innovative Smart Materials to Surge the Market Growth

The global robotic gripper market has been segmented based on the different types of grippers, multiple jaw types, their multiple operations, different segments of applications, end use industry and regions such as Americas, EMEA (Europe, Middle East and Africa), SAP (South Asia Pacific) and East Asia.

  • Robotic gripper technology has been incessantly growing in the recent years, consecutively growing the robotic gripper market. Use of smart materials to make more adaptive and flexible grippers is taking place. More advancement is expected to happen in electric and pneumatic grippers which will help the robotic gripper market growth exponentially.
  • With respect to application robotic gripper market is expected to show a large growth in material handling segment as it is prominently used in end use industry. Followed by general assembly segment which is projected to have a fair share in the market growth.
  • Automotive industry is one of the significant drivers of the robotic gripper market followed by electronics and semiconductors industry. Availability of vast gripper range which are application specific in nature enhance the precision and speed requirement in these industries.

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Key Segment

By Product Type

  • 2-Jaw Grippers
  • Angular & 3-Jaw Grippers
  • O-Ring Grippers
  • Niddle Grippers
  • Vacuum Cups
  • Magnetic Grippers
  • Special Purpose Grippers
  • Others (Electrostatic, Bellow, Toggle)

By Application

  • Material Handling
  • General Assembly
  • Inspection & Others

By End Use

  • Automotive & Transportation
  • Electronics & Semiconductors
  • Food & Beverages
  • Chemicals & Pharmaceutical
  • Logistics
  • Healthcare
  • Others

By Region

  • Americas
  • EMEA
  • South Asia & Pacific
  • East Asia

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Robotic Gripper Market: Vendor Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global robotic gripper market. Few examples of key players in the market are

  • Soft Robotics, Inc., Piab AB, Applied Robotics, ABB Limited, Grabit Inc., Yaskawa America Inc., J. Schmalz GmbH, Festo AG & Co. KG, Onrobot, Bastian Solutions, COVAL VACUUM TECHNOLOGY Inc.,

and Brenton Engineering, among others. The global robotic gripper market players are primarily focusing on development of product, such as flexible robotic gripper, electrostatic robotic gripper, and vacuum robotic gripper, that can react more and more similar to human arm and has a wide range of payload capacity for different end use industries in order to gain greater share in the robotic gripper market.

Walk-in Coolers and Freezers Market a robust growth with a CAGR of ~5% over the forecast period

Future Market Insights (FMI), in its new report, estimates worldwide sales of walk-in coolers and freezers at US$ 8.6 billion in 2019. Widespread consumer acceptance of frozen and processed food, along with a steep rise in the demand for efficient refrigeration facilities to store and maintain the shelf life of these products, allude a brighter future for the walk-in coolers and freezers market.

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Digitalization and smart technologies continue to influence many product developments and demand-side dynamics, and walk-in coolers and freezers are no exception. As consumers show marked preference for efficient yet custom-sized units, manufacturers are leveraging technological advancements to develop unique product features that fulfil specific customer requirements.

“Walk-in coolers and freezers are witnessing transformations under the influences of smart technologies and digitalization, and consumer preference for customized yet efficient equipment has led manufacturers to emphasise application-specific features in new product development”.

According to the study, key players in the walk-in coolers and freezers market also remained focused on improving energy efficiency of their products, considering the continuous changes in energy conservation standards for various commercial and industrial equipment including walk-in coolers and freezers. These players are continuously putting efforts on improving quality of their offerings, while investing in innovative developments that would yield substantial improvements for customers.

Gains Remain High from Commercial Kitchens & Restaurants

Walk-in coolers and freezers continue to gain high traction from commercial kitchens and restaurants, which are widely used to preserve raw foods and grocery items. As international fast food chains and café outlets continue to explore opportunities in various attractive destinations, demand of walk-in coolers and freezers has been on an upward swing across the globe.

North America and Europe have been the early adopters of commercial kitchens and restaurants; however, they are reaching their saturation point. Walk-in cooler and freezer manufacturers are tapping into opportunities in developing countries in East Asia, where multi-cultural environment, changing eating habits, and rising disposable income have opened avenues of growth for commercial kitchens and restaurants. Moreover, walk-in coolers and freezers market in East Asia is likely to take over the Europe market in the future.

According to the study, newer trends and rapid expansion of retail food & beverage sector also represent a significant source of demand for walk-in coolers and freezers. Picture-perfect stores are gaining high preference among today’s consumers, especially millennials obsessed with social media platforms. Such factor has forced the manufacturers to innovate and enhance the visual appearance of their products without compromising on the operational functions.

Walk-in coolers and freezers with self-contained refrigeration continue to account for higher share as compared to remote condensing and multiplex condensing. Considering the suitability of self-contained refrigeration in almost any application along with ease of service and maintenance, this category also continues to witness higher innovation and investments.

According to the study, the walk-in coolers and freezers market shows a high level of fragmentation, and therefore, several market players are focusing on forging strategic alliance with other players to improve their market shares. Manufacturers are also focused on offering products that can be custom designed to fit any settings along with several add-on features to increase convenience and ease-of-use.

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FMI’s research study also offers a long-term perspective and thorough analysis on opportunities present in the walk-in coolers and freezers market for the period between 2019 and 2029. As per the study, the global walk-in coolers and freezers market is projected to register a CAGR of 5.6% during the forecast period.

Walk-in Coolers and Freezers Market Key Segment

Product Type

  • Walk-in Cooler
  • Walk-in Freezer
  • Combo (Freezer + Cooler)

Place of Use

  • Indoor
  • Outdoor

Technology

  • Self-Contained
  • Remote Condensing
  • Multiplex Condensing

Door Type

  • Hinged
  • Power Sliding
  • Manual Sliding

Application

  • Cold Storage Warehouse
  • Breweries
  • Commercial Kitchen & Restaurants
  • Floral Storage
  • Pharmaceuticals
  • Chemicals
  • Research laboratories
  • Hospitals & Mortuaries
  • Mobile Refrigeration System
  • Retail Food & Beverage
    • Supermarket
    • Hypermarket
    • Convenience Stores
  • Other Stores

Sales Channel

  • OEM
  • Aftermarket

Mounting Type

  • Floor
  • Non-floor

Region

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

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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

Carbide Tools Market Is Projected To Reach US$ 10,726.3 Mn By The End Of The Forecast Period

[315 Pages Report] The global Carbide Tools market is projected to reach US$ 10,726.3 Mn by the end of the forecast period while growing at a value CAGR of 7.0%. According to Future Market Insight’s volume analysis, the global Carbide Tools Market is estimated to have reached 187,652.6 thousand units by 2018 end and is expected to reach 365,280.9 thousand units by 2028 while exhibiting a CAGR of 6.9% during the forecast period.

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The report on the Carbide Tools market covers comprehensive information about market trends, volume (Thousand Units) and value (US$ Mn) projections, recent developments, dynamics (drivers, restraints, trends & opportunities) and competition landscape pertaining to the global Carbide Tools market for the study period 2018 to 2028.

Robust Technological Innovations and Growing Automation in Machine Cutting Tools Paving Way for Growth of Global Carbide Tools Market

Based on FMI’s analysis, most of the carbide tools that are sold have machine-based configuration. The report highlights significant opportunities for automatic machines or lathe machines. Convenient handling and operation, high-speed compatibility, and superior proficiency will remain the key determining factors rendering higher preference for machine-based over hand-based configuration.

Carbide Tools Market – Cutting Tools, and Drilling and Milling Tools Hold Prominent Shares

Among end user segments, metal fabrication and automotive & transportation are significant contributors to the global Carbide Tools market. In metal fabrication, Carbide Tools are frequently used for job shop applications, such as hole making, surface finishing, among others.

Within the automotive sector, drills, reamers, countersinks and mills tools are used for general applications, such as the making of co-centric holes, providing surface finishing and for other purposes. For many Carbide Tools, manufacturers are focused on creating coolant circulations inside Carbide Tools to improve the operational efficiency of tools.

Carbide Tools Market End-Use Sectors

Most Carbide Tools are available as coated type, as coating enhances the cutting output or cutting efficiency of Carbide Tools. The coated segment is expected to grow at addressable CAGR during the forecast period because of because of the substantial growth being witnessed in automation in the manufacturing sector. Non-coated type Carbide Tools are used mainly for woodworking purposes.

Almost 90% of carbide tools are coated, which affirm their improved performance over non-coated counterparts. Despite a high price point associated with the former, FMI expects that the revenue of coated tools will remain dominant over non-coated tools, as performance has become the paramount. Adoption for woodworking applications will sustain sales of non-coated carbide tools.

Escalating utilization of carbide tools for job-shop applications in metal fabrication, general automotive applications, and high-speed cutting applications will predominantly push sales prospects of carbide tools, as per FMI’s research. While adoption of carbide tools for automotive and fabrication end-use applications holds over 55% share in the total market revenue, growing adoption by heavy machinery manufacturers is also underpinning significant revenue generation in carbide tools market.

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Europe has been spearheading the expansion of carbide tools market, which is likely to receive powerful support from towering sales of EVs in the region. The report underscores remarkable contribution of China and India to the global market revenue. Spectacular growth of the automotive components and metal fabrication industries has helped to fuel the use of carbide tools within high-potential developing Asian economies, particularly China and India. Rapid automation of metal fabrication applications is cited as a predominant booster to adoption rate of carbide tools within the aforementioned countries. According to the report, the collective share of China and India currently equates just-under a fourth of the global value, likely to thrive at a robust pace in the years to come.

FMI has covered detailed market structure in the carbide tools market report, which includes some of the most prominent players such as KYOCERA Corporation, YG-1 Co., Ltd., Mitsubishi Materials Corporation, Allied Machine & Engineering Corp., OSG Corporation, Fullerton Tool Company, Sumitomo Electric Hartmetall GmbH, and others.

Carbide Tools Market Key Segment

By Product Type, the Carbide Tools market is segmented into

  • Circular Saw Blades
  • CNC Inserts
  • Router Bits
  • Cutters
  • Mills
  • Tap & Dies
  • Reamers

By end user, the Carbide Tools market is segmented into

  • metal fabrication
  • automotive & transportation
    • automotive
    • railway
    • aerospace
    • marine
  • heavy machinery
  • construction
  • furniture & carpentry
  • oil & gas
    • fabrication
    • manufacturing purposes
  • other manufacturing

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The global market for carbide tools is a highly fragmented landscape and FMI has characterized the space by moderate competition. Established brands such as IMC Group and Sandvik AB have been facing challenges related to profit margins owing to promising entry of new market players. While entrants are likely to maintain their focus on economic costs during new product launches, leading companies will continue to prioritize expansion.

Woodworking Router Bits Market Value to US$ 150 Mn by 2029

Router bits are used in several woodworking applications such as milling, drilling, grooving, profiling, engraving, carving, etc. High accuracy and precision of carbide-tipped router bits are giving them a competitive edge in the global market. High demand for design furniture is another plus point favouring market growth. Furthermore, high reselling value of carbide-tipped router bits as compared to high speed steel (HSS) is also expected to push the growth lever of the global market in the coming decade.

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According to a new research report published by Future Market Insights (FMI), the global woodworking router bits market is estimated to exhibit a CAGR of close to 5% during the forecast period of 2019-2029.

Key Takeaways of Woodworking Router Bits Market Study

  1. Woodworking router bits have prominent application in engraving and carving all kinds of wood such as chipboard, plywood, hardwood, and softwood, and play a crucial role in the furniture industry.
  2. Targeting the expanding DIY consumer segment, manufacturers are offering customized products, which facilitate effective usage in handheld operations such as drilling, cutting, milling, etc.
  3. The most common types of router bits available in the market are handheld router bits and CNC router bits. Handheld router bits are limited to specific applications, resulting in steady market growth, whereas, CNC router bits are versatile, providing lucrative business avenues for investors.
  4. Out of all woodworking operations, grooving holds a significant share, and is projected to witness maximum growth during the forecast years.
  5. In recent years, the market has witnessed price variations, owing to diversified product lines offered by manufacturers that target a broad clientele based on the type of woodworking operation.
  6. Growing usage of wood in the design of basic utilities in commercial construction is expected to further raise the demand for woodworking router bits

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“In the woodworking router bits market, products with high-end precision and durability are necessary for complex woodworking operations. Manufacturers are capitalizing on this trend by actively providing customized products for application-specific woodworking operations.”

Woodworking Router Bits Market: Competitive Landscape

The woodworking router bits market has become increasingly competitive as manufacturers are launching advanced products that offer various operational benefits and are compatible to the woodworking industry. There are a significant number of organized and unorganized players actively operating in the global market. Key players involved in the woodworking router bits market are Robert Bosch GmbH, Stanley Black and Decker, Kanefusa Corporation, Amana Tool Corporation, and CMT Utensili SpA, among others. The offering of versatile router bits can be a differentiating move for manufacturers in the global market.

Asia Pacific Offering Lucrative Opportunities for Market Growth

The woodworking router bits market is expected to gain significant traction in the coming years, owing to flourishing residential and commercial construction activities in developing economies of Asia Pacific. Rising demand from the furniture industry in the commercial and residential sectors is expected to drive the sales of router bits during the forecast period. Intense use of wooden furniture and timber for construction in countries such as India, China, and South Korea is expected to propel woodworking router bits market growth.

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More about the Report…

The research report provides thorough assessment and future forecasts of the woodworking router bits market on the basis of three primary segments listed as follows: operation, shank size, and tool type. The report provides comprehensive information about global market size, key market manufacturers, and regional perspective for the market. The report also provides important dynamics of the woodworking router bits market. Scope of the research includes handheld woodworking router bits with carbide.

Heat Pumps Market to Hit US$ 50 Bn Mark by 2030 : FMI

According to FMI’s recent study, the global heat pumps market was valued at around US$32 Bn in 2019 and is estimated to expand at a CAGR of 5% over the forecast period of 2020-2030, with a limited impact of the current pandemic situation on long-term growth forecasts. Increasing demand for tech-advanced cooling solutions with low carbon footprint, government initiatives to curb greenhouse gas emissions, and advancements in heating, ventilation, and air conditioning (HVAC) systems are factors contributing to the revenue pool of the global heat pumps market.

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Amidst the global health crisis, cooling as well as heating systems are critical to fulfil the immediate needs of consumers, such as providing thermal comfort in hospitals and homes, preserving food and medicines, and keeping data centers running. In line with this, refrigeration and heat pumps are essential for consumers.

As the world attempts to fight the COVID-19 pandemic, it has led to delayed production across several heat pump production facilities in major coronavirus hit countries such as the US, China, and Germany, This is expected to dampen heat pump sales by around US$ 1 Bn in 2020. Moreover, the COVID-19 pandemic will significantly impact consumer behavior in the short term, with domestic shipments from China for air source heat pumps (ASHPs) registering drop of over one-third in January 2020.

The global heat pumps market will witness v-shaped recovery growth, owing to rising inclination towards innovative construction solutions, especially in countries such as India, China, and Mexico.

Key Takeaways from Heat Pumps Market Study

  • Air-water heat pumps are finding immense use in domestic hot water, floor heating, and space heating/cooling applications.
  • Heat pumps having flexible or twin-speed features to reduce energy consumption and improve overall efficiency throughout are likely to garner substantial traction over the forecast period.
  • Demand for CO2 refrigerant heat pumps is expected to increase, given its excellent recyclability, low cost, and environment-friendly attributes.
  • Hybrid heat pumps are likely to see significant rise in adoption, owing to their high efficiency, lower energy consumption, and cost effectiveness as compared to other heat pumps.
  • Air-source heat pumps continue to grab huge attention of market players, owing to their low installation cost and high demand in North America and Western Europe.

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“As the world moves towards sustainable and green energy solutions, heat pumps are expected to replace conventional heating systems rapidly in the near term. In addition, the ongoing coronavirus (COVID-19) spread can alter how companies organize their supply chains in the coming years, with more stress being layed on decentralization”.

HEAT PUMPS MARKET TAXONOMY

The global heat pumps market is segmented into six segments in detail to cover every aspect of the market and present complete market intelligence to the readers.

Type

  • Air-water Heat Pumps
  • Air-air Heat Pumps
  • Ground Source Heat Pumps
  • Hybrid Heat Pumps

Power Source

  • Electric
  • Others (Gas Driven)

End User

  • Residential
  • Commercial
  • Industrial

Refrigerants

  • HFC
  • CO2
  • Ammonia
  • Hydrocarbon
  • Others

System Type

  • Air-source Heat Pumps
  • Ductless Mini-split Heat Pumps
  • Geothermal Heat Pumps
  • Absorption Heat Pumps

Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • MEA

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Heat Pumps Market: Competitive Landscape

The study provides vital insights of the competition landscape in the heat pumps market, along with various strategies adopted by prominent players. The global heat pumps market is fairly competitive, with manufacturers offering identical products. Some of the key manufactures in the heat pumps market are Panasonic Corporation, Mitsubishi Electric Corporation, Daikin Group, NIBE Group, and Danfoss Group Global.

Market participants are investing in R&D activities to develop new products with better energy efficiency, and are also focusing on providing aftersales services.

End Suction Pump Market to Exceed US$ 6.08 by 2031 with Industrial Sector Contributing 3/4th of Overall Sales: FMI FMI_Logo

As per a detailed study by FMI, the global end suction pump market is set to top US$ 6.08 Bn in 2021. Increasing the use of the end-suction pumps in the power industry for various processes, including boiler feed, circulation, and sludge handling is propelling the demand in the market.

End suction pumps are finding a wide range of applications such as water dosing, fire suppression, and heating, ventilation, and air conditioning (HVAC) gas suction across hotels, gas stations, and others. On account of this, the market is expected to grow at a CAGR of 4.6% CAGR during the forecast period 2021-2031.

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Hence, increasing construction activities owing to the rapid urbanization across emerging economies such as ChinaIndia, and Japan among others is expected to create lucrative growth opportunities in the market.

Governments of several countries are emphasizing expanding their manufacturing capacity. For instance, the Indian Government has initiated a ‘Make in India‘ program to expand the manufacturing sector in the country.

Such initiatives to increase the production of petrochemicals, processed food & beverage, chemicals, and others will boost the market. In response to this, the end suction pump market is estimated to register 3.5% year-on-year growth in 2021.

Based on application, the industrial segment is projected to hold the lion’s share in the market, accounting for more than 75% of the sales in 2021. Growing demand for end suction pumps for application in the oil & gas, power generation, water treatment, and mining sector is facilitating the growth in the segment.

“Rising offshore and onshore oil gas exploration activities and rising emphasis on the development of wastewater infrastructure across the U.S., China, and India is expected to drive the growth in the market,” says an FMI analyst.

Key Takeaways from Painting Robots Market Study

  • The U.S. is anticipated to emerge as the most remunerative market in North America, creating an incremental opportunity of US$ 992.4 Mn through 2031.
  • China is projected to register the fastest growth in East Asia, expanding at a CAGR of 5.1% over the forecast period.
  • Germany is forecast to dominate the market in Europe, accounting for more than 20% of the demand share over the next ten years.
  • Based on product type, close-coupled pumps are estimated to remain highly sought-after pumps in the market, accounting for nearly 80% of the sales in 2021.
  • In terms of flow rate, the up to 100 GPM pumps segment is expected to hold the highest share, with sales totaling US$ 1.6 Bn by 2031.

Key Drivers

  • Increasing adoption of end suction pumps for concrete, oil, gas, water, and slurry transfer purposes in the construction, water treatment, and oil & gas industries is increasing the sales across the industrial segment.
  • Growing emphasis on enhancing irrigation facilities for increasing yield across the agricultural sector in developing economies such as India and China is expected to propel the demand.

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Key Restraints

  • The high cost of end-suction pumps compared to conventional ones is a primary factor hindering the sales in the market.

Increasing customer inclination towards the use of renewable eco-friendly fuels is slumping the oil & gas sector, which in turn might hamper the growth in the market.

Competitive Landscape

Leading companies operating in the global market are Grundfos, Sulzer Ltd, Xylem Inc., KSB AG, Flowserve Corporation, Ebara Corporation, Kubota Corporation, and others. As per Future Market Insights, the top 10 players are estimated to account for more than 15% of the market share in 2021.

Key players are focusing on launching new products to expand their product portfolio. Some of the companies are aiming for strategic collaborations and partnerships with other manufacturers, local dealers, and service providers to strengthen their global footprint. For instance,

  • In August 2021, Roto Pumps, a leading manufacturers & suppliers’ industrial pumps announced entering into membership with the British Pump Manufacturer Association (BPMA). The strategy will assist the company to strengthen its footprint and expand its market share in the European pump industry.
  • In 2018, Sulzer, a Swiss industrial engineering and manufacturing firm, announced expanding its portfolio by introducing a new centrifugal pump with the end-suction single-stage design to meet the process requirements in a variety of industrial applications.

Some of the key players operating in the market profiled by FMI are:

  • Grundfos
  • Sulzer Ltd.
  • Xylem Inc.
  • KSB AG
  • Flowserve Corporation
  • Ebara Corporation
  • Kubota Corporation
  • Ruhrpumpen Group
  • Kirloskar Brothers Ltd.
  • WILO SE
  • DEMI A/S
  • Pentair
  • Torishima Pump Manufacturing Co., Ltd

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More Valuable Insights on End Suction Pump Market

A detailed study by FMI provides an unbiased analysis of vital factors favoring the growth in the global end suction pump market through 2021 and beyond. The survey offers refined sales projections in the end-suction pump market with detailed segmentation:

By Type:

  • Close Coupled Pump
  • Separately Coupled Pump

By Flow Rate:

  • Upto 100 GPM
  • 100 to 300 GPM
  • 300 to 500 GPM
  • 500 to 1,300 GPM
  • 1,500 to 5,000 GPM
  • Above 5,000 GPM

By Application:

  • Commercial
    • Hotels
    • Swimming Pool
    • Retail Space
    • Office & Institution
  • Industrial
    • Food & Beverages
    • Chemicals
    • Mining & Metals
    • Power Generation
    • General Manufacturing

By Region:

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

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Key Questions Covered in the Report

  • The report offers insight into the end suction pump market demand outlook for the forecast period 2021-2031
  • The market study also highlights projected sales growth for the end-suction pump market between 2021 and 2031
  • End suction pump 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
  • End suction pump market share analysis, covering 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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Agricultural Equipment Market: Sales of Agriculture Equipment to Surpass 6.7 Mn Units through 2031, Amid Increasing Governmental Support

Land Survey Equipment Market worth is expected to reach US$ 12.8 Bn by 2031.

[250+ Pages Report]  The land survey equipment market is expected to register year-on-year growth at 6.7% in 2021, with the overall valuation forecast to reach US$ 6.0 Bn. As per a Future Market Insights (FMI) analysis, sales of land survey equipment is expected to increase at 7.8% CAGR between 2021 and 2031.

According to the study, the overall land survey equipment market worth is expected to reach US$ 12.8 Bn by 2031. Level survey equipment systems are expected to remain dominant among products available. Meanwhile, the demand for global navigation satellite system (GNSS) land survey equipment will increase by 6.7% CAGR in 2021.

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Technological advances and the consequently improving precision levels of land survey equipment continue to significantly uphold the market growth. In addition, incorporation of enhanced safety features into newly innovated models of land survey equipment are likely to particularly benefit sales soon.

Based on product-wise analysis of the land survey equipment market, GNSS systems, total stations, and UAV are the equipment, hold substantial value shares in the global market. By the end of 2029, a similar trend is expected to prevail in the market with prominent applications for aforementioned products in diverse end-use sectors.

While a majority of demand for land survey equipment is accounted by the flourishing building and construction industry, the report opines that the contribution from the oil & gas and mining industries is highly likely to witness a steep rise in coming years. The study also highlights that agricultural land surveys will remain an important contributor to the global demand for land survey equipment, particularly across developing regions.

Flourishing Growth Prospects in Asian Markets

FMI’s market analysis based on industry verticals reveals that the construction industry will account for a leading share in terms of demand for land survey equipment, at a global level. The mining industry is expected to hold a trivial share in the market in countries, such as Russia, China, and Australia, which register a sizable share in global mining production. Also, the oil & gas industry will see an upsurge in East Asia, and downstream production in the Middle Eastern region.

While East Asia is expected to account for a decent share, it also has also been listed as a region with prominent prospects for the future growth of the market. Heavy upstream oil and gas production and increased mining exploration in the region are expected to provide a robust sales perspective for the market.

The South Asia region is likely to have substantial growth on the back of heavy construction commencements in the market of India and Malaysia. The growth in aforementioned countries will be in the public as well as private construction segments.

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Land Survey Equipment Market: Vendor Insights

Key market players operating in the global land survey equipment market are Trimble Inc, Topcon Positioning Group, Robert Bosch, Hexagon, South Surveying & Mapping Instrument Co., Ltd., Stonex Srl, Nikon, Shanghai Huace Navigation Technology Ltd., Survey Copter, PASI Srl, Geotrax International Products, KSA Land Surveyors Company, Dahle, and several others.

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.

LAND SURVEY EQUIPMENT MARKET TAXONOMY

Product Type

  • GNSS
  • Theodolite
  • Level Equipment
    • Total Station
  • Laser Scanning
  • UAV
  • GIS Asset Collection
  • Data Collectors

By Application

  • Inspection
  • Monitoring
  • Volumetric Calculation
  • Layout Points

End Use

  • Oil & Gas
  • Construction
    • By Government
    • By Non-Government
  • Mining
  • Agriculture

Region

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa
  • Japan

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About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, 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.

Lead Acid Battery Market valuation will top US$ 90.5 Bn by 2031.

[250 pages Report] The lead acid battery market valuation is expected to reach US$ 54.3 Bn in 2021. Future Market Insights (FMI) analysis has forecast the lead acid battery sales to increase at 5.2% CAGR between 2021 and 2031. According to the study, the overall lead acid battery market valuation will top US$ 90.5 Bn by 2031.

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As per FMI, the demand for AGM battery is expected to increase at a high pace, exhibiting 6.2% CAGR in 2021.

According to the market analysis by Future Market Insights, expansion of automotive production facilities to cover rural and other remote areas has led to the increasing demand for lead acid battery. Rapid technological advancements in production technologies are also projected to complement market growth over the coming years.

Demand for lead acid battery is increasing with the rise in the volume of vehicle fleet in recent years. This can be attributed to an increase in aftermarket sales in regular interims for battery replacement.

The growing requirement has led to mass production and has increased importance of process automation in the lead acid battery market. The market is shifting towards industry 4.0 s, leading to the universal adoption of new production technologies.

There also is an increasing demand from other industries for deployment of lead acid battery. Increasing number of players focusing on research and development related to lead acid battery is expected to have a significant contribution towards market growth in the years to come.

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Key Takeaways from Lead Acid Battery Market Study

  • Flooded battery is projected to hold over 49% of the global market share in 2021 in terms of product type, supported by superior configurations.
  • Transportation is projected to hold over 56% of the overall market share as the leading segment in terms of application by 2031-end, supported by increasing investments in electric vehicles production.
  • China will remain a chief market, backed by rising demand from the automotive industry. It is expected to account for over 57.3% of demand registered in East Asia in 2021.
  • The markets India will surge at around 6% CAGR over the next ten years.
  • Germany is emerging as a key market in Europe, accounting for over US$ 2,509.4 Mn in 2021, driven by expansion of the automotive industry.

“The lead acid battery market is growing at a strong pace, driven largely by increasing demand for energy efficient solutions across the automotive sector. The increasing demand for electric vehicles will create extensive opportunities for manufacturers. Key industry participants have been focusing product diversification to offer energy efficient solutions and gain a competitive advantage,” says a Future Market Insights analyst.

Competitive Landscape

The lead acid battery market is highly competitive at regional and global levels, and highly consolidated in nature. These players are likely to invest in new technology developments and expansion of their networks in order to maintain their market shares.

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Some of the key players in this industry include but are not limited to Furukawa Electric Co., Ltd., Narada Power Source Co. Ltd., Clarios, Leoch International Technology Ltd., Enersys, Exide Industries Ltd., GS Yuasa Corporation, East Penn Manufacturing Co., Chaowei Power Holdings Limited., and others.

Anaesthesia Machines Market at a CAGR of ~ 5.7% & US$ 2.4 Bn during the forecast period 2017–2027

The research report “Anaesthesia Machines Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)” published by Future Market Insights throws light on several aspects driving the global market. The growth of the market is impacted by various trends, developments, drivers and challenges, the analysis of which is included in the fact based research report. The exhaustive research publication covers historical data analysis along with current scenario as well as future projections of the market from a value standpoint for a 10 year period, starting from 2017 till 2027. The analysis on various segments playing a major role in the expansion of the global anaesthesia market has been carried out to get a complete picture of the global market.

Mergers and Collaborations to Present High Growth Opportunities for Market Players in the Coming Years

Mergers and collaborations between local and international players in developing regions are expected to present potential opportunities for growth in terms of successful market penetration and sales. The regional markets of Asia Pacific, Latin America and GCC countries is anticipated to create significant opportunities to players involved in anaesthesia machines market. This can be attributed to the increasing surgical procedures in these regions coupled with increasing per capita expenditure on cosmetic surgeries and other healthcare associated procedures. Players in this market are establishing business relationships with healthcare facilities in these regions as well as government agencies for long term gains and enhancing their presence in the region. Moreover, partnership programs between organizations and institutions are observed to facilitate anaesthesia training programs.

Anaesthesia machines to witness increased adoption in hospitals in the coming years

Anaesthesia machines are widely used in several healthcare and nursing facilities such as hospitals, ambulatory surgical centres and clinics. Both small and large size hospitals have included advanced anaesthesia machines to deal with day to day surgical procedures. Several manufacturers are targeting hospitals for sale of their devices owing to increasing use of these machines in various surgical procedures. Multi functionality hospitals deal with various surgical procedures every day which increases the use of anaesthesia machines.

In the end user category, the hospital segment is the most lucrative from sales point of view. This segment led the global market in 2017 and is expected to continue with its dominating streak in the coming years. This fact is backed up with data presented in this research report, which portrays a high growth potential of this segment by the end of the assessment period.

The hospital segment stood at a value a bit under US$ 740 Mn in 2017 and is estimated to reach a valuation high than US$ 1 Bn by the end of the year of assessment. It is projected to expand at the highest rate compared to other end user segments during the forecast period.

anesthesia machines market

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Increasing Need for Anaesthesia Procedures to Spur the Adoption of Anaesthesia Machines in the Coming Years

According to WHO (World Health Organization) and World Bank, by 2026, the treatments demanding surgeries and hence anaesthesia machines would eclipse that of tuberculosis and HIV as well as malaria. Current market scenario portrays the fact that about 30% of the population in the entire globe do not have access to surgeries. On the contrary, about 75% of major procedures are being performed in the wealthiest countries in the world whereas poor countries are witnessing only 3.5% of operations. Government bodies along with non-government institutions are continuously working on offering healthcare access to every region, which is expected to trigger the adoption of anaesthesia machines. The growing number of surgeries and increasing government support are expected to fuel the growth of the anaesthesia machines market at a global level in the years to follow.

Global Market for Anaesthesia Machines: Factors Promoting Growth

The global market for anaesthesia machines is influenced by several aspects that facilitate the growth of the global market. Few of these aspects include continual technological advancements in anaesthesia machines, integration of IT in healthcare systems pushing the demand for anaesthesia workstations, emergence of anaesthesia information management systems, increasing public and private investments in healthcare, expanding imports and exports of medical devices among different regions, expanding private sector, enhancement in product lines by various manufacturers of anaesthesia machines, growing trend of patient monitoring using IoT, favourable government support, increasing medical tourism, growing geriatric population and manufacturing of cost effective anaesthesia machines.

However, product recalls due to defects in devices, shortage of healthcare professionals, adoption of refurbished machines, lack of public access to healthcare facilities and lack of clinical resources are expected to pose hindrances to the growth of the global market.

Segmental Highlights on the Anaesthesia Machines Market

  • With respect to region, North America and Asia Pacific excluding Japan (APEJ) are expected to showcase high potential for growth. Anaesthesia machines market in North America (led by US) is estimated to be the largest, whereas the market in APEJ is expected to rise at a comparatively high value CAGR during the forecast period
  • With respect to modality, the standalone anaesthesia machines are expected to witness increased adoption across the globe in several hospitals and clinics. This segment is expected to lead the global market with a high valuation and projected to expand at a relatively high CAGR throughout the period of assessment

Top Players Competing in the Global Anaesthesia Machines Market

The research report includes profiles of major players operating in the anaesthesia machines market. To name a few, the report includes intelligence on players such as GE Healthcare, Drägerwerk AG & Co. KGaA, Mindray Medical International Limited, Getinge AB, Spacelabs Healthcare, Heyer Medical AG, Infinium Medical, Inc., ACOMA Medical Industry Co., Ltd., Chirana Medical A.S., DRE Medical, BPL Medical Technologies, Beijing Aeonmed Co. Ltd., Comen Medical Instruments Co. Ltd., Okuman Medical System Ltd., Narang Medical Limited and Lowenstein Medical GmbH & Co.

Key Segments Covered

By Modality

  • Standalone Anaesthesia Machines
  • Portable Anaesthesia Machines

By End User

  • Hospitals
  • Surgical Ambulatory Centres
  • Clinics
  • Nursing Facilities

By Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excluding Japan (APEJ)
  • Japan
  • Middle East and Africa (MEA)

Molecular Biology Enzymes, Kits & Reagents Market expected to reach US$ 21,000 Mn & ~ 15.8% CAGR through 2017-2026

Future Market Insights’ recently compiled report offers prospects of the global molecular biology enzymes, kits & reagents market for the period between 2017 and 2026. The report projects the market to register a splendid growth through 2026. Sales of molecular biology enzymes, kits & reagents worldwide are poised to exceed US$ 21,000 Mn in revenues by 2026-end.

Technological Advancements Leading to Enhanced Efficiency & Greater Precision of Molecular Biology Enzymes, Kits & Reagents

Many technological advancements are been made by the molecular biology enzymes, kits & reagents manufacturers, who dedicate their focus toward developing advanced products in a bid to enhance their product portfolio. The advanced products facilitate the research processes with offerings such as enhanced efficiency and greater precision. One of the greatest examples of this is SMART Digest Kit developed by Thermo Fisher Scientific, Inc., designed particularly for the biopharmaceutical & proteomic applications. This kit enables the generation of data of high quality, meanwhile curtailing time needed for preparation of samples. Adoption of molecular biology enzymes, kits & reagents will further be propelled by huge investments made in the research & development by pharmaceutical & biotechnology industries coupled with the provision of several reimbursements for molecular diagnostics.

A significant increase in the genetic disorders’ prevalence has been witnessed since the recent past, thereby driving adoption of molecular diagnostics. The processes of molecular diagnostics including epigenetics and polymerase chain reaction (PCR) require molecular biology enzymes, kits & reagents as, which form an integral part of these processes. Mounting cases of genetic disorders in light of growing geriatric population will significantly fuel demand for molecular biology enzymes, kits & reagents in the near future. Genetic data of individuals is considered highly confidential, and sharing this data is strictly prohibited. Genome sequencing aids identifying & treating a wide variety of diseases. However, there is lack of tools that are effective for securing the genetic information of individuals, and the information ends up being stored in cloud databases, which further poses threats regarding data thefts. The absence of effective technology to store genetic information is anticipated to negatively influence demand for molecular biology enzymes, kits & reagents.

Key Research Findings from the Report

  • Although sequencing is expected to prevail as the largest application of molecular biology enzymes, kits & reagents in terms of revenues, synthetic biology is anticipated to persist as the fastest expanding application segment in the market. Cloning application segment will also exhibit an impressive expansion, and will account for the second largest revenue share of the market during the forecast period.
  • Academic and research institutes are expected to register fastest expansion in the market through 2026, based on end-users. However, revenues from this end-user segment will remain comparatively lower than other end-user segments included in the report.
  • Revenues from sales of molecular biology enzymes, kits & reagents for use in pharmaceutical and biotechnology companies are expected to account for the largest market share during 2017 to 2026.
  • Kits & reagents will prevail as top-selling and fast-selling product in the market. Between modifying enzymes and restriction enzymes, the latter will exhibit a relatively faster sales expansion whereas the former will account for a larger market revenue share through 2026.
  • North America is anticipated to remain the most remunerative market for molecular biology enzymes, kits & reagents, followed by Asia-Pacific excluding Japan (APEJ).

Prominent companies in the global molecular biology enzymes, kits & reagents market are implementing strategies including manufacturing capacity & geographic expansion. Manufacturers are also concentrating on new product launches for enhancing their shares in this increasingly competitive market. The report has listed key players supporting the market growth, which include Thermo Fisher Scientific Inc., Illumina, Inc., Roche Holdings, Inc., Takara Bio Inc., Jena Bioscience GmbH, Merck & Co Company, Qiagen N.V., Agilent Technologies, Inc., KRISHGEN BioSystems, and Promega Corporation.

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Market Taxonomy

A segmentation analysis offered in the report propounds forecasts on global molecular biology enzymes, kits & reagents market. Categorizing the market in terms of application, end-user, product type, and region. Analysis on Y-o-Y growth comparison, the market share comparison, and the revenue comparison coupled with relevant market numbers is offered in this chapter. Global market for molecular biology enzymes, kits & reagents has been regionally divided into Japan, Middle East & Africa, Europe, Asia-Pacific excluding Japan, North America, and Latin America.

Region

  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • MEA

Product Type

  • Kits & Reagents
  • Modifying Enzymes
  • Restriction Enzymes
  • Other Product Types

End User

  • Pharmaceutical and Biotechnology Companies
  • Hospitals and Diagnostic Centers
  • Academic and Research Institutes
  • Other End Users

Application

  • Sequencing
  • Cloning
  • Polymerase Chain Reaction
  • Restriction Digestion
  • Synthetic Biology
  • Epigenetics
  • Other