Market Research Blog – Page 1515 – New Product Development

Global Composite Insulator Market Size is Set to Achieve 6.4% CAGR, Reaching US$ 6.4 Billion by 2033

The global Composite Insulators Market witnessed significant growth, with its size surpassing US$ 2,975.7 million in 2018. Following a steady increase, demand for composite insulators expanded by 4.1% in 2022, projecting a market value of US$ 3,433.3 million in 2023.

Anticipating continuous growth, the worldwide demand for composite insulators is forecasted to demonstrate a robust 6.4% Compound Annual Growth Rate (CAGR) throughout the evaluation period spanning from 2023 to 2033. By the culmination of 2033, this trend is expected to culminate in a substantial market size of US$ 6,413.1 million.

Why do End Users Prefer Composite Insulators Over Traditional Insulators?

Several reasons end users prefer composite insulators as compared to traditional insulators, including:

High Durability and Strength: The composite insulators are lightweight, better strengthened, and highly durable than traditional ones. The traditional insulators are made up of glass, making them easily damaged.
Excellence Performance: The demand for composite insulators is increasing due to their better environmental conditions, withstanding hot temperature, and protection from UV radiation.
Easy to Handle: Composite insulators are light in weight and may handle easily compared to other insulators. They are easy to transport, reduce maintenance and labor costs, and install quickly.
Electrical Performance: composite insulators have excellent electrical properties that lower the risk of short circuits and improve efficiency.

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These are a few reasons or benefits that end users prefer composite insulators to traditional insulators. Composite insulators are a prior choice in several end-use industries such as residential, railways, telecommunication, and utilities.

Key Takeaways:

The composite insulators market is anticipated to capture a valuation of US$ 3.7 billion with a CAGR of 5.8% by 2033.
The United States is anticipated to secure a share of 15.1% in the global market by 2033.
Germany is significantly growing the global market by registering a share of 4.8% during the forecast period.
Historically, the market registered a valuation of US$ 2 billion in 2022.
In the historic period, the market captured a share of 3.9% between 2018 and 2022.

Other Prominent Players in the Market are:

Siemens AG
Seves Group
Hubbell Incorporated
General Electric Company
Aditya Birla Nuvo Ltd
Bharat Heavy Electricals Limited
TE Connectivity Ltd
Alstom SA
ABB Ltd
Lapp Insulators GmbH

Recent Developments in the Global Composite Insulators Market are:

In 2021, Lapp Insulators announced its new project in Brazil. The company supplies composite insulators for 100km transmission construction in the country.
In 2020, General Electric announced its newly launched highly voltage disconnection switch. It is made to use as a composite insulator.
In 2021, TE Connectivity announced to launch its new composite insulators for railways. The insulators are long-lasting, high-performance, reliable, and reduce carbon footprints.
In 2021, Siemens Energy launched its new composite insulator with a high voltage. These insulators are designed for high weather conditions such as heavy ice loads.
In 2021, General Electric launched its new composite insulators that reduce electric risk, track electricity and improve reliability.

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Market by Category

By Voltage:

High Voltage
Medium Voltage
Low Voltage

By Application:

Cables & Transmission Lines
Switchgears
Transformers
Bus Bars

By Product:

Pin Insulators
Suspension Insulators
Shackle Insulators

By End Use:

Residential
Utilities

Region:

North America
Europe
Latin America
Asia Pacific
The Middle East and Africa

Have a Look at Related Research Reports of Oil and Gas:

Portable Inverter Generators Market Value: The portable inverter generators market is securing a valuation of US$ 1.9 billion in 2023 and is predicted to reach US$ 3.5 billion by 2033. The market is capturing a CAGR of 6.3% during the forecast period.

Digital Substations Market Forecast: The digital substations market is expected to expand its roots at a steady CAGR of 7.7% during the forecast period. The market is likely to hold a revenue of US$ 7.23 billion in 2023 while it is anticipated to cross a value of US$ 15.1 billion by 2033.

Medium Voltage Drives Market Analysis: The global medium voltage drives market is projected to expand at a moderate CAGR of 3.8%, reaching US$ 2,439.7 million by 2033 from US$ 1,680.2 million in 2023. Potential market demand for efficient medium voltage drives is projected to increase due to the growing trend of industrial automation.

Thermoplastic Pipe Market Outlook: The thermoplastic pipe market forecasts a moderate 4.2% annual growth rate from 2023 to 2033, rising from an estimated valuation of US$ 2.54 billion in 2023 to US$ 3.83 billion in 2033.

Solar Tracker for Power Generation Market Type: The solar tracker for the power generation market is likely to capture a valuation of US$ 7.2 billion in 2023 and is predicted to reach US$ 14.5 billion by 2033. The market is registering a CAGR of 7.2% during the forecast period.

Sustainable Aviation Fuel Market Demand: The sustainable aviation fuel market is expected to expand its roots at a booming CAGR of 60% during the forecast period. The market is likely to hold a revenue of US$ 563.2 million in 2023 while it is anticipated to cross a value of US$ 61.92 billion by 2033.

DC Power Supplies Market Sales: The DC power supplies market is predicted to grow at a moderate CAGR of 4.3%. It is estimated to reach a valuation of US$ 626.47 million by 2033 from a value of US$ 411.21 million in 2023.

Solar Pumps Market Growth: The solar pumps market size is estimated to be valued at US$ 1.55 billion in 2023 and is expected to surpass US$ 4.64 billion by 2033. The adoption of solar pumps is likely to advance at a CAGR of 13.5% during the forecast period.

Carbon Steel Tubing in Oil and Gas Lift Applications Market Size: The global carbon steel tubing in oil and gas lift applications market size is set to reach US$ 5798.6 million in 2023. Overall sales of carbon steel tubing in oil and gas lift applications are likely to surge at 3.3% CAGR, taking the forecasted market valuation to US$ 7992.6 million by the end of 2033.

Generator Sales Market Share: The global generator sales market is estimated to reach a valuation of US$ 32.2 billion in 2023. As per Future Market Insights (FMI) analysis, the generator sales market size is expected to surpass US$ 55.3 billion by 2033. Between 2023 and 2033, the market has been forecast to register 5.6%CAGR.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Global Application Management Services Market Booms: FMI’s Research Spotlights Market Size and Competitive Landscape

Future Market Experiences projects that application management services market is ready to record powerful CAGR of 8.6% from the period 2017 to 2022.

In the steadily changing, complex IT scene of the 21st hundred years, the expense of upkeep keeps on developing at a stunning speed. Application management experts hold the way to beating difficulties by application execution improvement, consequently accomplishing better business results.

Application management services are conveyed a few different associations that need to re-appropriate the course of application management. The organizations offering this support have mastery in the field of data innovation or an aptitude of overseeing comparative application for associations in a similar line of business.

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The BFSI segment has the largest revenue share by industry segment at the end of 2017 and is expected to gain substantial share in future. An absolute dollar opportunity of more than US$ 7.4 billion is waiting to be tapped in the BFSI segment from 2017 to 2022. The maximum opportunity in the BFSI segment lies in North America, followed by Europe. Healthcare is a vital segment that should require the services of application management services in the near future. A high CAGR is anticipated in the healthcare segment and North America with its geriatric population and well-developed healthcare infrastructure might be critical in the long-run
The retail & consumer goods segment is poised to gain massive share over the forecast period and companies would do well to focus on this industry in the application management services market. Retail & consumer goods is predicted to grow past a value of US$ 18.8 billion by end 2022, making it large enough for all companies. Strong economic growth in the APEJ region, largely riding on the shoulders of China and India, should lead to a retail boom in this dynamic, populous nations. Furthermore, these countries can be considered ‘mobile first’ or even ‘mobile only’ ensuring that they are perfect for application management service players to target with all guns blazing
IT & Telecom has marginal revenue share in application management services market but is on track to lose significant share over the five-year forecast. North America is the only region in the IT & Telecom segment that could be worth more than US$ 2.2 billion by end 2022 even though a higher CAGR is estimated in both Japan and APEJ. The government and engineering segments have a single-digit revenue share in application management services market with the latter being slightly larger. However, the government segment may show marginal growth and companies with a customized go-to-market strategy could well achieve success

Application Modernization and Application Testing Key for Success

Applications need to be constantly updated to ensure that they have all the latest functions and capabilities post which testing is imperative. The application modernization has a revenue share of approx. a sixth of the services type segment in the application management services market at the end of 2017 and should gain substantial share going forward. The application modernization is predicted to record an exponential growth rate in excess of 10% from 2017 to 2022, making it very lucrative indeed.

Application testing has a smaller revenue share but is equally if not more important than application modernization to ensure that any and every bug is nipped in the bud. Companies involved in application testing would do well to target North America and Europe as both regions are the largest in the application testing management segment by a considerable margin.

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Companies profiled in the application management services market

report include KPIT Technologies Limited, Hexaware Technologies Limited, Wipro Limited, Infosys Limited, CA Technology Inc., HCL Technologies, Capgemini SE, NTT DATA Corporation, IBM Corporation, and Accenture PLC

Close Battle Between System Integration Management and Application Outsourcing

The application outsourcing management and system integration management segment have a similar revenue share in the application management services market with the former edging slightly ahead. The application outsourcing management segment is anticipated to have a value of almost US$ 20.5 billion by the end of the forecast period. North America is critical in the application outsourcing management segment.

The CAGR in the system integration management segment is much lower in comparison and it is poised to lose market share for the foreseeable future. Along with North America, companies would do well to target Europe in the system integration management segment of the application management services market.

Application Management Services Market Taxonomy

Region:

North America
Europe
Japan
Latin America
APEJ
MEA

Services Type:

System Integration Management
Application Outsourcing Management
Application Modernization
Application Testing Management
Cloud Application Management
Other Services (Architecture management & support services)

Industry:

BFSI
Healthcare
Retail & Consumer Goods
IT & Telecom
Government
Engineering
Automotive
Manufacturing
Other Industries

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Author:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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Telescopic Masts Market Set for Steady Growth, Projected to Reach USD 630.9 Million by 2033 with a 4.8% CAGR

The Telescopic mast market sales are anticipated to reach US$ 394.8 million by 2023. Over the following 10 years, the industry is expected to expand at a CAGR of 4.8%. By the end of 2033, the market is projected to be worth US$ 630.9 million. The military and security sector’s rising need for both internal and external use is expected to boost market sales.

the telescopic masts market is projected to appreciate at over US$ 630.9 Million in 2033, growing at a 4.8% CAGR over the projection period. According to Future Market Insights (FMI), the rising usage of telescopic masts in the military sector is driving the market. Military vehicles are provided with small portable telescopic or pneumatic masts for practical surveillance, which is anticipated to augment the boost in the market.

The increasing development of innovative technologies by manufacturers is expanding sales of pneumatic telescopic masts, thereby fueling sales in international telescopic masts.

Pneumatic telescopic masts are used with the help of air pressure and erect faster than conventional or mechanical telescopic masts, which makes them more popular among end-users.

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The growing requirement for telescopic masts from commercial, military, security, municipal and other sectors is anticipated to bolster demand in the telescopic masts market over the forecast period.

“Increasing investments in the military sector across the globe, along with increasing adoption of pneumatic and motorized telescopic masts will continue driving sales in the market over the forecast period,” says the FMI analyst.

Key Takeaways From the Market Study:

By end-use, the military sector is forecast to hold over 39% of the total market share in terms of volume in 2022.
Based on product type, sales in the push-up telescopic masts segment are expected to hold over 28% of the total market share.
By load, demand in the medium-duty segment is set to surge at a 4.3% CAGR over the forecast period.
In terms of height, demand in the >15 to 34m segment is expected to reach US$ 267.3 Mn by 2032.
Sales in the U.S. telescopic masts market are projected to grow year-over-year by 3.9% in 2022.
The German telescopic masts market is forecast to grow at a 3.3% CAGR through 2032.
China will emerge as a lucrative market, with sales growing at a 4.4% CAGR over the forecast period.

Competition Landscape

The global telescopic masts market is moderately consolidated with key players accounting for more than 40% of the market share. Key players are investing in product developments and the expansion of their distribution channels to improve their presence in the market.

Some of the key players in this industry include the RATT, Wilburt, Mast System (Transdigim Inc.), Rohn Products Inc, Comrod Communication Group Marine, SERAPID Inc., and others

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The research report analyzes the demand for telescopic masts. The global telescopic masts market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends and market background.

As per Future Market Insights, the market has been analyzed based on product types (push-up masts, hitched masts, integrated mast trailers, push-button masts and cable/belt-driven masts), load (light-duty, medium-duty, and heavy-duty), height (up to 15m, 15-34m, and 34 to 50m), end-use (commercial, military, security, and municipal) and region. The report provides qualitative and quantitative information on various players in this market.

This report also tracks the market by both, supply-side and demand factors.

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Global Telescopic Masts Market by Category

By Product Type:

Push-up Masts
Hitched Masts
Integrated Mast Trailer
Push Button Masts
Cable/Belt Driven

By Load:

Light Duty (Up to 45kg)
Medium Duty (45 to 120kg)
Heavy Duty (Above 120kg)

By Height:

Up to 15m
>15 to 34m
>34 to 50m

By End Use:

Commercial
Military
Security
Municipal
Others

By Region:

North America
Latin America
Europe
South Asia Pacific
East Asia
The Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Power Device Analyzer Industry: Projected CAGR of 5.2% and Anticipated US$ 778.5 Million Market Value by 2033

The Power Device Analyzer Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Power Device Analyzer market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Power Device Analyzer. It furnishes intricate revenue and shipment segmentations, accompanied by a decade-long projection up to 2033. Additionally, the document evaluates key industry players, their market distribution, the competitive scenario, and regional perspectives.

The global Power Device Analyzer Market size is projected to showcase substantial growth from 2023 to 2033. According to the research report published by Future Market Insights, the global market is predicted to surpass a valuation of US$ 468.9 million in 2023. It is anticipated to hit a valuation of US$ 778.5 million by 2033. The market is estimated to showcase a modest CAGR of 5.2% from 2023 to 2033.

A high revenue stream for power device analyzers is anticipated to emerge from the consumer sector. Dynamic power device analyzers are useful for devices like fans, refrigerators, smartphones, computers, TVs, air conditioners, cutting-edge home systems, smartwatches, and other consumer electronics.

Increased demand for electronic goods and technical breakthroughs calls for intricate test and measurement solutions. The demand for high-frequency power device analyzers is projected to increase as the need for high-speed data connection grows. As many people use smartphones, tablets, laptops, and other devices, network capacity might expand, which is projected to boost market expansion. Another aspect that promotes power device analyzers’ adoption is their affordability.

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Energy-efficient industrial electronics that can decrease waste and boost productivity are in high demand. In order to reduce dependence on fossil fuels and produce renewable energy, there is also a rising shift toward electric and hybrid automobiles.

Power device analyzers are being used frequently by the renewable energy sector. The market demand is rising as a result of governments emphasizing creating solar and wind energy projects. To reduce carbon emissions and achieve the objectives of the Paris Agreement, the future energy mix is anticipated to rely on renewable energy. As a result, several solar and wind energy projects are in the works or scheduled in a number of countries.

With investments from both the public and commercial sectors, the renewable energy industry is expanding significantly.

Key Takeaways from the Power Device Analyzer Market:

The global power device analyzer market expanded at a modest CAGR of 4% from 2017 to 2022.
In 2017, the global market size stood at US$ 369.9 million.
In 2022, the global market size crossed US$ 450.0 million.
The below 1000 A segment is likely to capture about 64% of the global power device analyzer market share in 2023.
The telecommunication segment is projected to capture nearly 39% of the global power device analyzer market in 2023.
The United States power device analyzer market is estimated to capture 23% of the global market share.
China is anticipated to capture 6.1% of the global market share.
India’s power device analyzer market is predicted to occupy 6.6% of the global market share.
Japan is projected to attain 6.7% of the global market share.

Recent Development Observed by FMI:

In May 2022, Keysight Technologies introduced their next-generation power device analyzer. Customers can evaluate entire power modules more quickly and easily with the new Double-Pulse tester (DPT).

Power Device Analyzer Market Segmentation

By Type:

Both AC and DC
AC
DC

By Current:

Below 1000 A
Above 1000 A

By End-user:

Automotive
Energy
Telecommunication
Consumer Electronics and Appliances
Medical
Others – Aerospace, Defense, and Government Services

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Suite 401, Newark,
Delaware – 19713, USA  
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Compressor Oil Market to Surge to USD 11,001.4 million by 2034, Driven by Synthetic and Bio-Based Oil Segments

The sales of compressor oils market are poised to expand at a 5.4% CAGR during the forecast period, reaching a valuation of USD 11,001.4 million by 2034. The global compressor oils are estimated to total USD 6,513.7 million in 2024.

Synthetic oils remain a widely consumed oil type in the market. This is due to their excellent heat and wear resistance. The target segment is poised to expand at a CAGR of 4.9% during the assessment period.

East Asia is expected to dominate the global compressor oil market during the forecast period. It will likely hold 24.9% of the global market share in 2034. This is due to rapid industrial growth in countries like Japan, South Korea, and China.

The compressor oil industry is poised to exhibit steady growth during the assessment period. This is attributable to factors like:

Booming industrial sector
Rising adoption of HVAC systems in residential and industrial sectors
Increasing focus on energy efficiency
Growing popularity of bio-based compressor oils
Expanding infrastructure globally

The growing manufacturing and industrial sectors are leading to increased adoption of compressors and, consequently, compressor oils. Compressors are integral to various processes in industries such as automotive, electronics, and heavy machinery manufacturing, creating a consistent demand for high-quality compressor oils.

The growing adoption of HVAC systems in residential, commercial, and industrial sectors is another prominent factor impacting compressor oil sales. This is because HVAC systems require the use of compressors and compressor oils essential for the proper lubrication and functioning of compressors.

The market is witnessing a gradual shift toward bio-based compressor oils due to growing environmental concerns and a rising need for environmentally friendly lubricants. Similarly, the development of advanced compressor oils with improved performance and better stability will benefit the market.

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Key Takeaways from the Report:

The global market for compressor oils is projected to total US$ 11,001.4 million in 2034.
Based on oil type, the synthetic oil segment is estimated to account for about 57.9% of the overall market size.
By end-use industry, manufacturing & others segment is set to grow at a CAGR of 5.6%.
China’s market value is anticipated to total US$ 1,652.1 million in 2034.
Demand for compressor oils in India is poised to grow with a CAGR of 5.3% through 2034.
Total compressor oil revenue in the United States is set to reach US$ 1,409.9 million by 2034.

“Compressor oil is essential for lubricating the moving parts of a compressor. Thus, growing usage of compressors across industries like manufacturing, automotive, and oil & gas will likely boost sales of compressor oils through 2034,” Opines Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).

Who is Winning?

Leading compressor oil manufacturers listed in the report include

ExxonMobil Corporation
Quaker Chemical Corporation
Fuchs Petrolub SE
BP plc
TotalEnergies SE
Apar Industries Ltd.
Calumet Specialty Products Partners, L.P.
Chevron Corporation
China Petroleum & Chemical Corp (Sinopec Corporation)
Repsol SA
Philips 66
Raj Petro Specialities Pvt. Ltd
Nynas AB
Valvoline, Inc.
Shell plc.
Savita Oil Technologies Ltd.
The Dow Company

Key companies are concentrating on developing high-performance and environmentally friendly compressor oils to meet the evolving needs of end-use industries. They also use tactics like acquisitions, distribution agreements, facility expansions, partnerships, and mergers to strengthen their global footprint.

In May 2023, Luberef signed a Memorandum of Understanding (MOU) with APAR Industries Limited to build a Compressor Oil/White Oil plant at the LubeHub, supporting the localization of specialty products in KSA.
In 2020, APAR introduced POWEROIL Press C 220 compounded compressor oil to provide optimal resistance to water washing while lubricating compressors handling wet gasses.

More Insights into the Compressor Oil Market Report

In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the global compressor oil market, providing historical data from 2019 to 2023 and forecast statistics for the period 2024 to 2034. To understand the global market potential, growth, and scope, the market is segmented based on oil type, compressor, sales channel, end-use industry, and region.

Market Segmentation

By Oil Type:

Synthetic Oil
Mineral Oil
Semi-Synthetic Oil
Bio-based Oil

By End-use:

Oil & Gas
Automotive
Power
HVAC-R
Manufacturing & Others

By Sales Channel:

OEM
Aftermarket

By Compressors:

Air Compressors
- Reciprocating
- Rotary Screw
- Vane Type
- Centrifugal
- Axial
Refrigeration
- Reciprocating
- Scroll
- Screw

By Region:

North America
Latin America
Western Europe
Eastern Europe
East Asia
South Asia Pacific
Middle East & Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Website: https://www.futuremarketinsights.com
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Global Punnet Market Set for Robust Growth, Projected to Reach USD 1.8 Billion by 2033 | FMI

The size of the worldwide punnet market is anticipated to expand significantly between 2023 and 2033. The global market is predicted to achieve a valuation of US$ 1,102.3 million in 2023, according to the research report released by Future Market Insights. By 2033, its value is anticipated to reach US$ 1,795.5 million. From 2023 to 2033, the market is expected to grow at a CAGR of 5%.

Plastic punnet is the dependable packaging needed for food goods, and in 2023, it will occupy about 3/4 of the market share, with overall sales growing at a 5% CAGR. Punnets are made specifically for packaging fresh produce items to decrease wastage and extend shelf life. The fresh food products market is anticipated to grow at a compound annual growth rate (CAGR) of 6.7% throughout the forecast period. In terms of regional market share, South and East Asia are anticipated to account for over 20% in 2023.

Core Concepts in the Punnet Industry

CAGR for 2033: 5%

Estimated Market Size by 2033: US$ 1,795.5 million

Current Market Valuation (2023): US$ 1,102.3 million

Top Three Regions Leading the Market: North America, Europe, Asia-Pacific

Key Takeaways from Punnet Market

The plastic punnet segment is estimated to create an incremental opportunity of US$ 529.4 Mn during the forecast period.
The fresh food produce segment will witness robust growth at a CAGR of 6.5% in the forecast period.
The North American punnet market is anticipated to hold nearly 25% of the global market share during the forecast period.
South and East Asia are anticipated to be the most attractive region for the punnet market during the forecast period.
China and the U.S. are expected to dominate the East Asia and North America punnet market, respectively.

Growth Opportunities:

Increasing Consumer Demand: Growing awareness of health and wellness is driving demand for fresh produce, creating opportunities for punnet packaging in fruits and vegetables.
Retail Expansion: With the expansion of retail outlets, both traditional and online, there is a higher demand for convenient and attractive packaging like punnets to enhance product visibility and appeal.
Sustainability Focus: Consumers are increasingly valuing sustainable packaging. Punnet materials and designs that align with eco-friendly practices present a significant growth avenue.
Customization and Branding: Companies can capitalize on the trend of personalized packaging, using punnets as a platform for branding and differentiation to stand out in the competitive market.
Global Supply Chain Dynamics: The globalization of the food supply chain opens up opportunities for punnet market players to provide innovative solutions that address transportation, shelf-life, and presentation challenges on a global scale.

Industry Trends:

Biodegradable Materials: There’s a noticeable shift towards the use of biodegradable materials in punnet packaging, reflecting the industry’s commitment to environmentally friendly practices.
Smart Packaging Integration: The integration of smart packaging technologies, such as QR codes or RFID, is gaining traction. This trend enhances traceability, and transparency, and provides consumers with additional product information.
Premiumization of Packaging: The market is witnessing a trend towards premium and aesthetically pleasing punnet designs, especially for premium and exotic fruits, catering to consumers’ desire for a high-quality visual experience.
Reduced Plastic Usage: The industry is responding to the global push for reduced plastic consumption by exploring alternative materials and innovative designs that maintain the integrity of punnet packaging while minimizing environmental impact.
E-commerce Packaging Solutions: With the rise of online grocery shopping, punnet packaging is evolving to meet the specific requirements of e-commerce, including durability during transportation and enhanced visual appeal for virtual shopping experiences.

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Market by Category:

By Material:

Plastic Punnet
Paper Punnet
Molded Fiber Punnet

By Capacity:

Up to 150 gm
151-300 gm
301-500 gm
Above 500 gm

By Application:

Fruits and Vegetables
Meat, Poultry and Seafood
Frozen Food
Ready-to-Eat

By End Use:

Retail Outlets
- Supermarket
- Convenience Store
- Other Retail Stores
Hotels, Restaurants and Cafes
Household

By Region:

North America
Latin America
Europe
Middle East and Africa
East Asia
South Asia
Oceania

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Digital Elevation Model Market Projected to Surge from $2.02 Billion in 2024 to $9.44 Billion by 2034, Driven by 16.7% CAGR

It is anticipated that the global market for digital elevation models would grow at an astounding rate, with sales likely to reach US$ 1,379.7 million in 2021. It is anticipated to have a robust Compound Annual Growth Rate (CAGR) of 16.9% and a US$ 4,750.0 million valuation by 2029.

Providers of digital elevation models are seeing tremendous development potential due to the increasing need to plan ahead for barrier building in real-world applications and to monitor water and mineral assets. Digital elevation models are expected to sell for over $1 billion worldwide by the end of 2019 and to expand at an astounding 16% CAGR through 2029.

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Drivers and Opportunities:

The Digital Elevation Model Market commands a substantial 10% market share within the Geographic Information System (GIS) industry on a global scale. This surge can be attributed to the escalating adoption of digital elevation model software across an array of applications. Notably, it plays a pivotal role in hydrological modeling, bathymetric analysis, disaster prevention, infrastructure development, agriculture, 3D visualization, 3D mapping, gravity measurements, terrain correction, and more.

A particularly promising growth avenue lies in the increasing adoption of digital elevation model services. Services such as rendering 3D visualization, DEM maps in 2D or 3D CAD, creating building layouts, and generating relief maps, as well as rectification of satellite images, are expected to witness lucrative expansion throughout the forecasted period.

Competitive Landscape – Regional Trends:

As the Digital Elevation Model Market surges ahead, it presents an intricate competitive landscape. Regional trends are a significant facet of this growth narrative. Diverse geographical regions are experiencing unique patterns of adoption and implementation, driving the market’s evolution.

Restraints:

While the Digital Elevation Model Market is poised for substantial growth, it does face certain limitations and challenges. These encompass technological constraints, data accuracy issues, and regulatory hurdles. Nevertheless, innovative solutions are continuously emerging to address these restraints, offering a silver lining for market expansion.

Region-wise Insights:

Region-wise insights into the Digital Elevation Model Market illuminate the varied dynamics at play. Differing regional priorities, economic conditions, and infrastructure demands contribute to the nuanced development of this market across the globe.

Category-wise Insights:

Within the Digital Elevation Model Market, various categories are emerging with distinct growth trajectories. Understanding these category-wise insights is critical for stakeholders seeking to capitalize on specific opportunities within the market.

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Digital Elevation Model Market Outlook by Category

By Tools:

Firstly, Digital Elevation Model Software
Secondly, Digital Elevation Model Services
Furthermore, Rendering 3-D Visualization
Additionally, DEM Maps in 2D or 3D CAD
Moreover, Building Layouts and Relief Maps
In addition, Rectification of Satellite Images and Aerial Photograph
Besides, Drainage and Sight Analysis

By Application:

On the one hand, Hydrological Modeling and Bathymetric Analysis
On the other hand, Disaster Prevention
Similarly, Infrastructure
Likewise, Agriculture
Equally important, 3D Visualization
Additionally, Mapping
Notably, Gravity Measurements Terrain Correction or Reduction

By Industry:

Correspondingly, Telecommunication
Similarly, Planning and Construction
Likewise, Transportation and Tourism
Additionally, Oil and Mining
Furthermore, Aviation
Moreover, Geological
In addition, Weather
Lastly, Military and Defence

Region:

Firstly, North America
Secondly, Latin America
Additionally, Western Europe
Moreover, Eastern Europe
Furthermore, Asia Pacific Excluding Japan
Equally important, Japan
Besides, Middle East and Africa

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Fiber to the Home (FTTH) Market: Projected to Surge at 15.1% CAGR, Reaching $95.88 Billion by 2033

The Fiber to the Home (FTTH) Market is predicted to be worth US$ 23.42 billion in 2023 and rise to US$ 95.88 billion by 2033. The global industry was expanding at a CAGR of 15.1% from 2023to 2023.

The connected device market is expanding daily, and the technology sector is aiming to create new goods that benefit individual consumers for their convenience. This is likely to create great demand for fiber to the home services.

This network topology offers previously unheard-of power and bandwidth capabilities by extending fiber directly from a central point to individual buildings. Prospective market prospects are thus created for both current enterprises and fresh rivals.

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Profitable Market Opportunity

Key element driving up the need for high-speed Internet in single-family homes is the increased acceptance of technologically sophisticated solutions. This includes cloud computing, e-governance, e-learning, and e-health. This gives service providers a chance to introduce their unique offerings in the market.

Key Takeaways

By 2033, the fiber to the home market in the United Kingdom is likely to expand, with a CAGR of 15.4%.
In 2022, the United States expanded effectively in the fiber to the home sector, with a share of 16.5%.
The fiber to the home market was significantly expanding, with a size of US$ 20.64 billion in 2022.
By 2033, the fiber to the home industry in China is likely to expand, with a CAGR of 17.5%.
In 2022, Australia is projected to expand in the fiber to the home business, with an expected share of 4.6%.
The market is expected to grow at a US$ 35.71 billion valuation by 2026 with the emergence of IoT.
By 2033, India is projected to expand significantly in the fiber to the home sector, with a share of 18.6%.
Japan’s fiber to the home market share expanded significantly, with a 10% share in 2023.
In 2022, 101 Mbps to 1 Gbps dominated the market with a share of 14.7%. It is anticipated to control the market by 2033 in terms of download speed.
Based on the application, VoIP dominated the market with a share of 20.4%.

Effective Approaches by Key Players

Companies should reinvest in diverse areas to speed up demand aggregation. Moreover, enable quick expansion supported by banks with a regional focus and supplemental public funding. The primary suppliers of fiber-to-the-home services are focusing on expanding their current internet service offerings with brand-new cutting-edge capabilities.

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Recent Developments

Orange and Telefonica S.A. struck a commercial wholesale agreement in February 2018 to finish its present deployment. Orange now has an alternative to joint investments with other parties thanks to this arrangement.
In January 2019, America Movil announced that it had reached an agreement to buy 100% of Telefonica Guatemala. Additionally, 99.3% of Telefonica Moviles El Salvador, S.A. de C.V. (“Telefónica El Salvador”).

Key players

China Telecom Corporation Limited
China Mobile Ltd.
Verizon Communications Inc.
AT&T Inc.
Vodafone Group Plc.
Nippon Telegraph and Telephone Corporation
SoftBank Group Corp.
Deutsche Telekom AG
Telefonica S.A.
America Movil

Key segments

By Download Speed:

Less than 50 Mbps
50 Mbps to 100 Mbps
100 Mbps to 1 Gbps
More than 1 Gbps

By Application:

Internet TV
VoIP
Interactive Gaming
VPN on Broadband
Virtual Private LAN Service
Remote Education
Smart Home Application

By End User:

Single Family Homes
Multiple Dwelling Units
Small Office Home Office

By Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan
Japan
The Middle East & Africa

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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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Stellar Growth Predicted for Global Digital Inverter Market with a 7.1% CAGR from 2017 to 2027

A recent study by Future Market Insights titled “Digital Inverter Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)” examines a number of aspects of the worldwide market for inverters. Important insights have been achieved by filtering and organising the raw material from secondary research in a methodical manner.

The market is carefully examined to gather information about the different trends that are reshaping the industry, the factors propelling market expansion, the prospects influencing market trajectory, and the obstacles impeding the global digital inverter market’s expansion.

These various facets have been analysed across the key regions of North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Japan and the Middle East and Africa (MEA) to gauge their intensity and impact on the overall market expansion. Based on historical data and the current scenario, future insights on the market based on value and volume projections for a period of 10 years have been included in this research report across each segment of the global digital inverter market.

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Global Digital Inverter Market: Forecast

The global digital inverter market is expected to grow at a high rate to register a CAGR of 7.1% during the period of forecast. The global market is estimated to be valued at around US$ 5.5 Billion in 2017 and is expected to touch about US$ 11 Billion by the end of the year of assessment (2027).

Global Digital Inverter Market: Factors Influencing Growth

Aspects such as increase in disposable income, favorable government regulations, development of plug and play type inverters, high conversion efficiencies, increasing demand from commercial and industrial sectors, increasing consolidation, development of solar projects by governments, the transition from developed to emerging markets and establishment of sound sales channels are driving the growth of the global digital inverter market.

However, factors such as increasing DC optimiser adoption, high costs and errors in digital inverter software are restricting the growth of the global digital inverter market.

Global Digital Inverter Market: Segmental Forecasts

The global digital inverter market has been segmented by product type, by region, by end user and by power source.

By product type, string inverters segment is estimated to be the largest in terms of value share and is expected to cross US$ 4.2 Bn by the end of the assessment year. This segment is also projected to grow at the fastest rate during the forecast period.
By end user, utilities segment is the most lucrative and is expected to soar at a high CAGR of 7.4% during the period of forecast to reach a significant value by the end of the assessment period.
By power source, solar inverters are gaining high traction and the solar inverter segment is poised to register a 7.6% CAGR. The battery inverter segment, however, stays ahead in valuation thus dominating the global market.
By region, Asia Pacific excluding Japan (APEJ) is the largest region in terms of growth and market value. The digital inverter market in the APEJ region is predicted to soar at a high CAGR of 7.5% during the period of forecast to reach a high valuation of close to US$ 4.5 Bn by the end of the assessment year.

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Global Digital Inverter Market: Company Assessment

The research report on the global digital inverter market encompasses in-depth assessment on various key players dealing with digital inverters.

Profiles of major companies such as Eaton Corporation, Schneider Electric SE, Siemens AG, ABB Ltd., General Electric Co., Enphase Energy, Inc., SMA Solar Technology AG, Vertiv Group Corporation, Leopold Kostal GmbH & Co. KG, Growatt New Energy Co.,Ltd., ReGen Powertech Private Ltd,. Fronius International GmbH, SMA New Energy Technology (Jiangsu) Co., Ltd., and Toshiba Mitsubishi-Electric Industrial Systems Corporation have been included in the competitive assessment chapter of the research report.

Detailed Market Segmentation

By End User

Utilities
Commercial
Residential

By Power Source

Battery Inverter
Solar Inverter

By Product Type

Central Inverter
String Inverter
Micro Inverter

By Region

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

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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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Global Clean Room Panels Market Set to Surge to USD 945.9 Million by 2033, Driven by 12.4% CAGR

The global clean room panels market is on a rapid growth trajectory, with a projected valuation of USD 293.5 million in 2023. According to recent insights, the market is expected to expand significantly, reaching approximately USD 945.9 million by 2033, reflecting a robust Compound Annual Growth Rate (CAGR) of 12.4% over the forecast period.

This impressive growth is primarily driven by the increasing demand for pharmaceutical formulations and other products requiring stringent sterilization standards. As the need for controlled environments in industries such as pharmaceuticals, biotechnology, and electronics escalates, the demand for high-quality clean room panels is set to rise.

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Key Highlights:

Essential Component of Clean Room Infrastructure: Clean room panels serve as fundamental building blocks for constructing clean room facilities, providing essential features such as controlled air filtration, temperature regulation, and particle containment. These panels are designed to meet stringent cleanliness and safety standards, ensuring compliance with regulatory requirements and industry best practices across diverse applications.
Diverse Applications Across Industries: The applications of clean room panels extend across a wide range of industries and sectors, including pharmaceutical manufacturing, semiconductor fabrication, biotechnology research, and healthcare facilities. Clean room environments are essential for processes such as sterile production, electronics assembly, precision machining, and laboratory testing, driving demand for high-performance clean room panel solutions.
Technological Advancements Driving Market Innovation: Ongoing advancements in clean room panel technology, including modular construction methods, advanced materials, and integrated monitoring systems, are driving market innovation and product development. Innovations such as prefabricated clean room panels, flexible wall systems, and energy-efficient designs are enhancing the efficiency, flexibility, and sustainability of clean room facilities, meeting the evolving needs of industry stakeholders.
Focus on Regulatory Compliance and Quality Assurance: Compliance with regulatory standards and quality assurance requirements is paramount in the clean room industry, driving demand for reliable and certified clean room panel solutions. Manufacturers are investing in rigorous testing, validation, and certification processes to ensure the performance, reliability, and safety of clean room panels, addressing the stringent requirements of regulatory agencies and industry standards organizations.

Market Motivators

The strict rules and requirements regulatory organizations have placed on sectors push the adoption of clean room panels.
Cleanroom facilities are in higher demand as consumer knowledge of contamination prevention and product safety grows.
The growth of the healthcare and pharmaceutical industries is accelerating.

Key Takeaways

The biotechnology and pharmaceutical industry segment, in the end, user category to grab a share of 38.8% from 2023 to 2033.
In the product type category, the ceiling panel segment to acquire a market share of 47.7%between 2023 and 2033.
The United States clean room panels business to acquire a share of 31.3% by 2023.
The Germany clean room panels industry to grab a share of 7.8% by 2023.
Japanese clean room panels industry to hold a share of 5.5% by 2023.
Australia clean room panels industry to acquire a share of 12.0% by 2023.
Chinese clean room panels sales to expand at a CAGR of 17.3% through 2033.
India clean room panels sales to develop at a CAGR of 6% from 2023 to 2033.
North America clean room panels business to grab a market share of 37.6% through 2033.
Europe clean room panels market to grab a market share of 25.3% by 2033.

Competitive Landscape:

Some of the key participants present in the global clean room panels market include Terra Universal Inc., AES Clean Technology, Inc., PortaFab Corporation, MRC Cleanrooms, Pacific Panels Inc., Metecno Ltd., American Cleanroom Systems, Fabtech Technologies International Ltd., and Crane Composites, Inc., CGC Inc., among others.

Due to the presence of such a high number of participants, the market is highly competitive. While global players such as Terra Universal Inc., AES Clean Technology, Inc., and PortaFab Corporation account for a considerable market size, several regional-level players also operate across key growth regions, particularly in North America

Key Segments:

By Product Type:

Wall Panels
Ceiling Panels
Door Panels
Window Panels
Floor Panels

By End Users:

Biotech & Pharmaceutical Industry
Food Industry
Electronics & Semiconductor Industry
Life Science and Medical Device Manufacturing
Research Institutes & Laboratories
Optical Industry
Hospitals
Other End Users

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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