Global Cardiac Surgery Devices Market Projected to Reach USD 2.4 Billion by 2032, Driven by 3.6% CAGR

Cardiac Surgery Devices
Global Cardiac Surgery Devices Maret

The global cardiac surgery devices market is set for substantial growth, with an anticipated valuation of USD 1.7 billion by the end of 2022. The market is expected to expand further at a steady Compound Annual Growth Rate (CAGR) of 3.6% from 2022 to 2032. By the end of the forecast period, sales are projected to reach approximately USD 2.4 billion, fueled by the increasing prevalence of cardiovascular diseases worldwide.

In 2021, perfusion disposables led the market, commanding a significant demand share of about 59.1%. This dominant position underscores the critical role these products play in cardiac surgeries, reflecting their essential contribution to the overall efficacy and safety of these procedures.

Examine an Enlightening – Report

By encouraging the use of perfusion disposables, the market for cardiac surgical instruments is anticipated to gain from the rising popularity of heart-lung machine tables. Cardiovascular disease is the leading cause of death in the United States, contributing to over one-third of all deaths worldwide and 17 percent of US healthcare costs. According to American Heart Association forecasts, by 2030, 40% of Americans will suffer from cardiovascular sickness, with a direct cost of over $820 billion.

Well-developed Medical Infrastructure Makes North America Keep its Crown

North America has a world-class medical infrastructure coupled with a population that is rapidly ageing and suffering from cardiopulmonary disorders.

This combination all but ensures that the region is larger than both Western Europe and APEJ combined in the year 2017 with a value of just under US$ 555 Million.

North America is on track to witness a CAGR of 4.1% for the period 2017 to 2027 that should see the market in the region touch US$ 830 Million by end 2027.

Most new developments are centred in North America and its high acceptance of modern technology make it an extremely lucrative region in the global cardiac surgery devices market.

Minimally Invasive Surgery Gaining Traction in Cardiac Surgery Devices Market

Coronary artery bypass grafting is anticipated to be the largest contributor in the cardiac surgery devices market by procedure in 2017 and it is unlikely to cede this position anytime soon.

However, modern advancements in cardiopulmonary bypass techniques, surgical approaches and incisions have made minimally invasive surgery increasingly popular in recent times.

Minimally invasive surgery has the advantage of reduced surgical trauma and decreased pain and this is anticipated to propel the cardiac surgery devices market in the long term.

In terms of CAGR these two segments hold the top position in the global cardiac surgery devices market, with coronary artery bypass grafting recording a value CAGR of 3.5% and minimally invasive surgery registering a 4.1% CAGR in terms of revenue during the forecast period.

Focus on Hospitals over Ambulatory Surgical Centres in the Cardiac Surgery Devices Market

The hospitals segment is larger than the ambulatory surgical centres segment by end user in the cardiac surgery devices market and this trend is predicted to continue for the foreseeable future.

An attractiveness index of 1.1 and a market opportunity of almost US$ 1.2 Bn by 2027 end should make all major companies actively target the hospitals end user segment in the cardiac surgery devices market.

Company Dashboard:

The companies actively involved in the global cardiac surgery devices market that have been profiled in the report include Biotronik, Braile Biomedica, Cook Medical Inc., Estech, Abiomed, Smith Medical, MicroPort Scientific Corporation, Edwards Lifesciences Corporation, Angiodynamics, Teleflex Incorporated, C. R. Bard, Inc, B. Braun Melsungen AG, Getinge-Maquet Germany Holding GmbH, Terumo Corporation, LivaNova PLC, Lepu Medical technology Co ltd., Boston Scientific Corporation, Medtronic, and Abbott Laboratories.

Important takeaways:

The increasing preference for minimally invasive surgical procedures is one of the recent trends seen in the cardiac surgery devices market.

In the last decade, minimally invasive cardiothoracic surgery has grown by leaps and bounds mainly because of the reduced pain and surgical trauma after this procedure.

Even though coronary artery bypass grafting is much larger at present, key stakeholders are advised to focus on minimally invasive procedures as patients will almost certainly prefer this form of treatment.

In addition to this, the beating heart surgery system type could see widespread adoption in the days ahead.

Key Segments:

By Product:

  • Heart Lung Machine
  • Breathing Heart Surgery Systems
    • Stabilisers
    • Positioners
  • Catheters
    • Ablation Catheter
    • Drainage Catheter
  • Perfusion Disposables
    • Oxygenators
    • Centrifugal Pumps
    • Cardioplegia Delivery System

By End User:

  • Hospitals
  • Ambulatory Surgical Centres

By Procedure:

  • Coronary Artery Bypass Grafting
    • On pump CABG
    • Off pump CABG
  • Minimally Invasive Surgery

By Region:

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

In-Depth Market Analysis – Purchase Now to Access

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

For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

FMI Analysis States Global Sliding Bearings Market Size Projected to Drive Past USD 2,420.0 Million Milestone by 2033, Growing at 8.7% CAGR

The sliding bearing market is poised for significant growth, with a robust Compound Annual Growth Rate (CAGR) of 8.7% projected from 2023 to 2033, according to the latest report from Future Market Insights (FMI). This forward-looking projection not only indicates sustained demand for sliding bearings but also suggests an accelerated pace, with sales expected to surpass the noteworthy milestone of USD 2,420.0 million by 2033.

Insights from FMI shed light on the substantial progress achieved by the global sliding bearing market. By the end of 2022, the market had already reached a substantial size, standing at approximately USD 952.8 million, laying a solid foundation for further expansion. Projections aligned with this upward trajectory suggest that revenue generated from sliding bearing sales is set to reach USD 1,051.9 million in 2023. This figure not only underscores the market’s resilience but also signals a notable growth trajectory for the industry. The exceptional growth rate of the market reflects its enduring relevance and the escalating demand for sliding bearings across diverse applications.

Advanced sliding bearings are used to invest in products and technologies that contribute to energy efficiency. As developing economies industrialize and urbanize, there is a growing demand for energy-efficient machinery and equipment. This is ultimately expected to boost the sliding bearing market in these regions.

The aerospace and defense sectors often demand sliding bearings with advanced materials due to their lightweight and high-strength properties. Reduced weight and high durability improve performance in aircraft, missiles, and military vehicles. Adopting new technologies, like 3D printing and nanotechnology, can facilitate the production of sliding bearings with advanced materials. This results in a potential reduction of manufacturing costs and drives growing demand.

Industries that require high-performance machinery may seek a competitive edge by using advanced materials in sliding bearings. This drives sales among industries where performance is critical. As emerging economies industrialize and modernize, they require sliding bearings with advanced materials. Such developments are anticipated to help meet high quality and performance standards, contributing to growing demand from these industries.

Key Takeaways from the Sliding Bearing Market:

  • The global sliding bearing market is expected to witness a CAGR of 8.7% between 2023 and 2033.
  • In terms of material, the metallic division is expected to expand at a CAGR of 8.5% between 2023 and 2033.
  • By bearing type, the radial segment is anticipated to exhibit an 8.3% CAGR through the end of the projected period.
  • The United Kingdom is set to be worth USD 101.1 Million by 2033.
  • Japan will likely dominate the market with a CAGR of 9.4% throughout the projected period.

“Soaring demand for advanced material will likely drive demand in the sliding bearing market by 2033. Key manufacturers are expanding their product portfolios to offer a wide range of sliding bearings for various applications and industries. Lightweight and highly durable sliding bearings are expected to remain high in demand from crucial sectors like automotive and aerospace through 2033.” – says a lead Future Market Insights (FMI) analyst.

Competitive Landscape:

Staying updated with industry trends such as Industry 4.0, automation, and IoT integration can be important for manufacturers to meet evolving customer requirements. They offer customized solutions to meet specific customer requirements, which can be a valuable strategy to secure high-value contracts.

Recent Developments in the Sliding Bearing Market:

  • Canam Group is an expert in creating and manufacturing metal parts in the North American building industry. The company works in the construction, structural steel, and bridge industries.
  • Cosmec Inc. (Cosmec) is a structural bearings designer and manufacturer supplying the transportation infrastructure sector. Cosmec provides design and engineering services for fabricators, primary contractors, state agencies of transportation, and engineering consulting companies, along with producing structural bearings.

Invest In Insights – Secure Your Premium Report Now!  

Key Players Profiled:

  • AST Bearings LLC
  • Brammer Plc
  • Canam Group, Inc
  • Cosmec, Inc
  • Ekspan Ltd

Market Segmentation Analysis:

By Material:

  • Metallic
  • Non-metallic

By Bearing Type:

  • Radial
  • Liner
  • Thrust
  • Angular Contact
  • Other

By Application:

  • Engine
  • Brakes
  • Bogie
  • Interior
  • Exterior

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • East Asia
  • South Asia and the Pacific
  • Middle East and Africa

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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.

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
LinkedIn| Twitter| Blogs | YouTube

Global Supplied Air Respirators (SARs) Market Size to Exceed USD 2.7 Billion by 2033, Driving 6.1% CAGR Growth | FMI Study

The global supplied air respirators (SARs) market is experiencing significant growth, with a projected valuation of USD 2.7 billion by 2033, supported by a steady Compound Annual Growth Rate (CAGR) of 6.1% from 2023 to 2033. Beyond their traditional role as safety equipment, supplied air respirators play a crucial role in safeguarding the health and well-being of workers across industries prone to exposure to hazardous environments or contaminants.

Key sectors such as construction, manufacturing, mining, and chemical handling heavily rely on supplied air respirators to mitigate risks to worker safety. With the global economy expanding, there is an increasing emphasis on workplace safety standards, leading to the implementation of stringent regulations aimed at protecting workers in demanding environments. The market’s upward trajectory underscores its pivotal contribution to enhancing workplace safety amidst the evolving landscapes of various industries, signalling opportunities for stakeholders to prioritize worker well-being and regulatory compliance.

Enhanced Respiratory Safety: The Expanding Role of Supplied Air Respirators (SARs)

Advancing Respiratory Protection: The Significance of Supplied Air Respirators (SARs)

In comparison to alternative respirator types, Supplied Air Respirators (SARs) stand out by offering a heightened degree of respiratory safeguard. By delivering purified and filtered air directly to the user, SARs not only elevate protection but also contribute to a reduction in the risk associated with inhaling hazardous substances.

As organizations increasingly prioritize the well-being of their workforce and seek enhanced solutions for respiratory defense, the demand for SARs is on a trajectory of notable expansion.

Elevated Protection Amidst a Global Shift: SARs’ Role in the COVID-19 Era

The global pandemic that emerged in 2020, precipitated by COVID-19, magnified the significance of personal protective equipment (PPE), with a particular focus on respirators. Supplied Air Respirators (SARs) have garnered heightened attention for their capacity to provide a superior level of protection in comparison to conventional face masks.

Especially coveted within healthcare domains, laboratories, and environments of elevated risk, SARs are regarded as essential tools. The resonance of the pandemic has amplified the demand for SARs, catalyzing their adoption across healthcare systems and diverse sectors seeking to fortify respiratory defense protocols.

Key Insights:

  1. Advanced Filtration Adoption for Enhanced Respiratory Defense: The SARs market is experiencing a surge in the uptake of advanced filtration technologies. This strategic shift aims to bolster respiratory protection, boosting sales within the market.
  2. Elevated Comfort and Mobility through Lightweight Design: A growing preference for lightweight and ergonomically optimized SARs is redefining user experiences by enhancing both comfort and mobility, thus fostering increased demand.
  3. Smart Integration Elevates Safety and Performance: The incorporation of intelligent functionalities, including real-time monitoring and data logging, within SARs is catalyzing safety enhancements and performance augmentation, thereby fueling market demand.
  4. Sustainability Focus Propels Eco-Friendly SARs: The SARs sector is witnessing a rise in initiatives towards sustainable and eco-conscious manufacturing practices and materials. This trend is poised to generate heightened demand within the market.
  5. User-Centric Design and Intuitive Controls Drive Growth: A pronounced emphasis on user-friendly interfaces and intuitive controls within SARs is steering growth by facilitating ease of use and swift response during critical situations.

Competitive Scenario:

In the competitive arena, manufacturers are channeling resources into research and development endeavors, with a strategic focus on introducing pioneering SAR products imbued with elevated features, heightened functionality, and an augmented user comfort quotient. This forward-looking approach encompasses the creation of lightweight materials, refined filtration systems, state-of-the-art communication capabilities, and ergonomic designs. Through innovative strides in SAR technology, manufacturers are empowered to tailor offerings to precise client requisites, thereby establishing product differentiation within the market.

Unlock Advanced Insights – Secure The Premium Report Now!

Key Players:

  • Covidien
  • Drager USA
  • Fisher and Paykel Healthcare
  • Invacare
  • Philips Respironics

Supplied Air Respirators (SARs) Market Outlook by Category:

By Type:

  • Self-contained Breathing Apparatus
  • Long Tube Respirators

By Application:

  • Chemical Industry
  • Electronic Industry
  • Fire Protection Sector
  • Others

By Region:

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

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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.

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
LinkedIn| Twitter| Blogs | YouTube

Global Companion Animal Specialty Drugs Market Expected to Reach USD 56,828.56 Million by 2032 at a 4.21% of CAGR

Companion Animal Specialty Drugs Market
Global Companion Animal Specialty Drugs Market

The global companion animal specialty drugs market is poised for steady growth, with projections indicating a moderate-paced Compound Annual Growth Rate (CAGR) of 4.21% over the forecast period. The market, which was valued at USD 37,624.67 million in 2022, is anticipated to reach an impressive USD 56,828.56 million by 2032.

This growth trajectory reflects a robust historical CAGR of 5.42%, as recorded by experts at Future Market Insights. The expansion of the companion animal specialty drugs market is driven by increasing pet ownership, growing awareness of pet health, and advancements in veterinary medicine.

Examine an Enlightening – Report

A major contributing element to the rise in sales and demand for animal nutrition and behavioral products is the rise in pet adoption. The need for anti-obesity medications has surged dramatically as a result of the rise in pet obesity over the past few years.

The COVID-19 epidemic and the ensuing worldwide shutdown in the first quarter of 2021 contributed to a rise in pet adoptions, especially of dogs and cats. Dog adoption is fairly common, particularly among senior citizens. It is anticipated that this will increase demand for skin care items, pet food, and medicines.

Key Takeaways

  • Urbanization and trend of nuclear families have been greatly helpful in increasing market share of companion animal drug market.
  • People have started considering pets as their family member and this led to increase in overall expenditure of a family, as a result this benefitted the companion market.
  • Increase in rising pet diseases have provided the industry with a positive push to manufacture more companion drugs to meet the demand
  • Industrial growth can likely be attributed to a rise food-borne and zoonotic diseases.
  • Increase in per capita income of urban population, have enabled people to take better care of their pets by means of diagnosis, vaccination, mitigation, and treatment of diseases such as kidney diseases, heartworms and Lyme diseases, which resulted in giving a boost for companion animal specialty drug market share.
  • COVID-19 had a positive impact on pet adoption rate, with a rise of 50% each year
  • Technological advancement has been a strong driving factor in market progression of companion animal drug market

Competitive Landscape

Extensive mergers and acquisitions, product portfolios, geographical expansions, and collaborative research initiatives are some of the strategies undertaken by the leading players. Established players in this market have made alliances with different companies to increase their market reach and social media presence. Some well-established players in the US companion animal drug specialty market are:

  • Merck Animal Health
  • Elanco
  • Zoetis
  • Vetiquinol S.A.
  • Virbac, Inc.
  • Norbrook Inc.
  • Dechra Pharmaceuticals
  • Patterson Companies, Inc.
  • Vedco Inc.
  • Covetrus
  • MWI Animal Health
  • Nutramax Laboratories Veterinary Sciences, Inc.
  • Ellevet Sciences

Recent Developments

  • In 2017, Zoetis emerged as a leading player with the highest share of compassion animal specialty drugs, as the company has a considerable and significant market presence, a diverse portfolio of product offerings, and an acute strategic perspective which includes M&As, such as the acquisition of Abaxis in 2018.
  • In July 2019, Zoetis and Colorado state university made an agreement to establish a research lab for the development of immunotherapies for veterinary patients.
  • In August 2020, Elanco Animal Health Incorporatedannounced that it has acquired Bayer Animal Health. The transaction was valued at USD 6.89 billion. This development helped the company to expand itself in the durable animal health industry.

Key Segments in the Companion Animal Specialty Drugs Market:

By Product:

  • Antibiotics
  • Anti-Inflammatory Drugs
  • Parasiticides
  • Heartworm
  • Behavioral Products
  • Nutritional Products
  • Anti-Obesity Drugs
  • Skin Care Products
  • Vaccines

By Distribution Channel:

  • Modern Trade
  • Online Distribution
  • Neighborhood Stores
  • Other Retail Format

By Region:

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

Unlock In-Depth Market Insights – Purchase Now to Access

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
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

FMI Analysis States Global Degaussing System Market Revenue to Exceed USD 925 Million Mark by 2034, Driven by 3.6% CAGR Growth

The degaussing system market is expected to be valued at USD 647.5 Million by 2024. The market valuation is estimated to be USD 925 Million by 2034, projected at a CAGR of 3.6%. Advanced materials might be incorporated into future degaussing systems to reduce magnetic signatures. Various naval vessels could be made from these materials, which would make them more efficient and lightweight.

Automating and integrating degaussing systems could make them more sophisticated. System integration would enable real-time adjustments based on changing operational conditions, making these systems more seamless. Adaptive degaussing might be included in future systems, in which the settings are dynamically adjusted in response to the vessel’s magnetic signature. In situations where the magnetic environment is variable, this could improve degaussing’s overall effectiveness.

Degaussing systems may be miniaturized and reduced in weight through research and development. This technology provides effective degaussing for smaller ships or vessels with limited space, which is essential. Degaussing systems that are compact and lightweight have made significant advances in recent years. The installation of these systems on naval vessels is more flexible and requires less space, making it easier to incorporate into the design of modern ships.

Energy efficiency could be prioritized in future systems, utilizing advances in power management for reduced degaussing energy consumption. In addition to reducing a vessel’s magnetic signature, degaussing systems can be used in conjunction with other stealth technologies. Simulations and computational modeling could improve the accuracy of magnetic signature predictions. As a result, degaussing strategies could become more precise and effective.

Key Takeaways from the Market Study:

  • Japan is projected to reach a market value of USD 101.8 Million by 2034.
  • The medium vessel segment is registered to expand at 3.4% CAGR by 2034.
  • The United Kingdom is estimated to register at a CAGR of 5% by 2034.
  • China experiences significant growth, projected at a CAGR of 4.4% by 2034.
  • Based on the solution, the degaussing segment is anticipated to expand at 3.2% CAGR by 2034.

“With more investment being made in modernizing naval fleets, degaussing systems may become more popular as a way to protect ships,” – opines Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).

Competitive Landscape:

A mix of global and regional players characterizes a degaussing systems market competition. These companies use strategic partnerships and mergers to gain market share and meet consumer preferences by leveraging product quality, product design innovation, and pricing strategies.

Some of the key developments are:

  • In January 2022, AMSC, successfully delivered a superconductor-based ship protection system for the USS Fort Lauderdale (LPD-28). The delivery of this ship protection system marks the first of four contracts to be awarded to AMSC for the San Antonio Class Amphibious Ship platform. LPD 28 will be equipped with SPS, which AMSC is expected to support. USS Fort Lauderdale. (LPD-28) is the 12th, and last, of the USS San Antonio-class amphibious transport dock ships.
  • In August 2023, Indonesian Navy (TNI AL) was the recipient of two mine countermeasures vessels (MCMV), KRI Pulau Fani (731) and KRI Pulau Fanildo (732). For mine-hunting missions, their magnetic signature is reduced by their own degaussing system, which is made from non-magnetic steel. Additionally, both vessels have electric propulsion systems in order to minimize their acoustic signature.

Take Your Research Further – Secure The Premium Report Now!

Key Companies Operating in the Industry:

  • LARSEN & TOUBRO LIMITED
  • Polyamp AB
  • Wärtsilä Ultra
  • ECA GROUP
  • IFEN S.p.a
  • Dayatech Merin Sdn Bhd
  • American Superconductor
  • STL Systems AG
  • Surma Ltd
  • L3Harris Technologies Inc.

More Valuable Insights Available:

Future Market Insights offers an unbiased global degaussing system market analysis, providing historical data from 2019 to 2023 and forecast statistics from 2024 to 2034.

To understand market opportunities, the degaussing system market is segmented based on vessel type (medium vessel, large vessel, small vessel), solution (degaussing, deperming, ranging), end-user (original equipment manufacturer (OEM), services, aftermarket) and region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, Middle East and Africa).

Degaussing System Market Segmentation Analysis:

By Vessel Type:

  • Medium Vessel
  • Large Vessel
  • Small Vessel

By Solution:

  • Degaussing
  • Deperming
  • Ranging

By End-User:

  • Original Equipment Manufacturer (OEM)
  • Services
  • Aftermarket

By Region:

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

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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.

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
LinkedIn| Twitter| Blogs | YouTube

Global Aromatherapy Market Set to Reach USD 13,106.4 Million by 2034, Fueled by 6.4% CAGR

Aromatherapy Market
Aromatherapy Market

The global aromatherapy market is on a promising growth trajectory, with projections indicating a substantial increase over the next decade. Valued at USD 7,048.0 million in 2024, the market is expected to grow at a robust Compound Annual Growth Rate (CAGR) of 6.4% from 2024 to 2034. By the end of the forecast period, the market value is anticipated to reach USD 13,106.4 million.

This significant growth is driven by rising consumer awareness of the benefits of aromatherapy and an increasing demand for natural and holistic wellness solutions. As more individuals turn to aromatherapy for its therapeutic properties, including stress relief, improved sleep, and enhanced mood, the market is poised for expansion.

Examine an Enlightening – Report

Key Takeaways

  • Several wellness professionals including spa therapists, aroma therapists, massage therapists, and gym trainers, prefer single and blended essential oils for the treatment of insomnia, anxiety, pain, agitation, stress, and other conditions because essential oils provide the desired therapeutic effects with minimal or no side effects. This is due to the fact that these treatments may be conducted without the use of medicines.
  • One of the crucial driving factors propelling the growth of the global aromatherapy industry is known to be its strong distribution network. Various essential oil markers are working on negotiating distribution arrangements with large retail corporations to make their goods available, which will result in greater penetration of aromatherapy treatments and products.
  • Aromatherapies are rapidly being preferred these days attributing their properties for relaxation is likely to contribute to the aromatherapy market’s revenue development. The development of inhalation aromatherapy for the treatment of sleep issues such as insomnia is significant market advancement.

Competitive Landscape

Dominant aromatherapy product manufacturers are employing multi-level marketing tactics in order to enhance product distribution and they are also considering hiring a large number of independent distributors. This has resulted in increased accessibility and affordability of aromatherapy goods are likely to stimulate global demand for essential oils and aromatherapy diffuser products.

An extensive marketing network of distributors is expected to benefit both global and local market participants. In addition to that, firms are providing their aromatherapy goods online, which are projected to assist the aromatherapy market’s growth.

More Insights into the Aromatherapy Market

North America is expected to dominate the global aromatherapy market owing to the presence of crucial market competitors in the region. The growth in the region is also attributed to the surging sales of crucial oil for home use, lifestyle changes, a growing urban population, and the increased influence of the media are all factors boosting demand for aromatherapy goods in the region.

The aromatherapy market in Europe is expected to rise significantly over the forecast period. The rising popularity of aromatherapy as a therapeutic and pharmacological alternative is expected to drive market expansion in Europe. The majority of essential oils are sold in European nations including the United Kingdom, Germany, the Netherlands, Belgium, and Ireland.

Competitive Landscape in the Aromatherapy Market:

The aromatherapy market is heavily fragmented, with established companies tussling with local players in well-developed regions. The competition in the market is increasing with the experimentation done by market players to achieve dominance.

Market players are expanding geographically to increase market demand. Prominent player doTERRA is taking steps to expand into underdeveloped nations.

Recent Developments in the Aromatherapy Market

  • In March 2023, BASF planned expansion of its aroma ingredients facilities in Germany and China. The new manufacturing facility in Ludwigshafen will be concentrated on menthol and linalool downstream plants while the one in Zhanjiang was penned in for the citral plant.
  • In October 2022, International Flavors & Fragrances Inc. opened its innovation center in Singapore.
  • In September 2022, Young Living was the recipient of 17 essential oil production patents from the United States Patent and Trademark Office.
  • In April 2022, the WoodWick Radiance diffuser was launched by The WoodWick Candle Brand. The diffuser affords convenience to users because of its easy refueling process.
  • In March 2022, Saje Natural Wellness, in collaboration with The Little Market, unveiled a limited-edition diffuser called the Aroma Mosaic diffuser.

Explore In-Depth Market Insights – Purchase Now to Access

Key Companies in the Aromatherapy Market:

  • doTERRA
  • International Flavors & Fragrances Inc.
  • Symrise
  • Edens Garden
  • Young Living Essential Oils
  • Rocky Mountain Oil
  • Mountain Rose Herbs
  • Plant Therapy Inc.
  • Thann-Oryza Co. Ltd.
  • Isagenix International LLC

Key Segments:

By Product:

  • Aromatherapy Consumables
    • Essential Oils
      • Floral
      • Citrus
      • Herbaceous
      • Spicy
      • Woodsy
      • Earthy
      • Camphorous
      • Others
    • Blended Oils
    • Carrier Oils
  • Aromatherapy Equipment
    • Nebulizing Diffusers
    • Ultrasonic Diffusers
    • Evaporative Diffusers
    • Heat Diffusers

By Application:

  • Relaxation
  • Insomnia
  • Pain Management
  • Scar Management
  • Skin & Hair Care
  • Cold & Cough
  • Others

By Mode of Delivery:

  • Topical Application
  • Direct Inhalation
  • Aerial Diffusion

By Distribution Channels:

  • Aromatherapy Products Sold at Retail Shops
  • Aromatherapy Products Sold through Online Channels
  • Direct Distribution of Aromatherapy Products

By Region:

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

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
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Global Power Grid Market Size to Exceed USD 471 Billion Mark by 2034, Growing Steadily at 4.6% CAGR | FMI Analysis

The global power grid market size is poised for significant growth, reaching USD 300 Billion in 2024. Sales of power grids are expected to witness a robust CAGR of 4.6% from 2024 to 2034. By 2034, the demand for power grids is anticipated to reach a valuation of USD 471 Billion.

Driven by advancements in renewable energy technology, the goal of reducing transmission and distribution losses, and increasing energy efficiency, the power grid market is witnessing a trend toward decentralized power generation.

Due to urbanization and industrialization, many industries, including manufacturing, healthcare, and data centers, are experiencing increased demand for a consistent and effective power supply. The power grid market is expanding due to the increased need for reliable infrastructure.

High transmission losses and reliance on specific energy sources like coal, natural gas, and others are expected to inhibit the growth of the power grid system market. Due to this dependence, the power grid is susceptible to changes in energy policy, fuel supply disruptions, and pricing variations.

Regional Outlook:

Government initiatives and growing environmental concerns are promoting the Asia Pacific region’s shift toward renewable energy sources. The demand for power grids in Asia Pacific is stimulated by the region’s rapid industrialization and urbanization, especially in developing economies like China and India.

To assist in the energy transition, Europe’s top priority is investing in power grid modernization projects, such as installing advanced grid management systems and extending interconnectors. The electric grid market landscape in North America is evolving due to the shift to renewable energy sources and the expansion of distributed energy sources, which mandate grid modernization and agility.

Key Takeaways:

  • The South Korea power grid market is anticipated to boom with a CAGR of 6.4% between 2024 and 2034.
  • China’s power grid system market is expected to surge with a CAGR of 6.1% through 2034.
  • The United Kingdom power grid market is predicted to thrive with a CAGR of 5.5% from 2024 to 2034.
  • Sales of power grids in the United States are projected to evolve with a CAGR of 5.0% through 2034.
  • Japan’s power grid market is likely to exhibit a CAGR of 3.7% through 2034.
  • The cables segment in the component category in the power grid industry is anticipated to develop with a CAGR of 4.4% through 2034.
  • In the power source category, the conventional power segment in the power grid market is envisioned to exhibit a CAGR of 4.1% from 2024 to 2034.

“Growing energy consumption and investments in grid modernization are expected to propel the power grid industry upward. The increasing adoption of smart grid technologies and renewable energy sources is a catalyst, generating opportunities for innovation and infrastructure advancement,” – opines Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).

Competitive Landscape:

The power grid market is characterized by fierce competition between major players, fueled by the shift to renewable energy sources and the rise in global energy consumption. Well-established power grid manufacturers compete for market share through joint ventures, technology breakthroughs, and international expansion. Traditional players face challenges from emerging power grid vendors frequently using novel solutions.

Government programs and regulatory frameworks are crucial in determining how the power grid system market is shaped. The emphasis on sustainability, dependability, and grid modernization fuels competitiveness as power grid providers compete to provide all-inclusive solutions. The electric grid market dynamism reflects the changing energy landscape and the necessity of effectively meeting the growing electricity demand.

Get Ahead With Premium Insights – Secure Exclusive Report Now!

Key Players Operating in the Industry:

  • ABB
  • General Electric
  • Schneider Electric
  • Mitsubishi Electric
  • Siemens
  • Hitachi Energy
  • Eaton
  • Havells
  • Hubbell
  • Fuji Electric
  • Sumitomo Electric

Latest Developments:

  • GE Renewable Energy introduced HYpact switchgear in November 2022. It has various uses, including onshore wind substations and mobile (truck-mounted) substations. Lowering operational expenses and the customer’s environmental impact improves the electrical grid’s predictability.
  • Hitachi Energy and Schneider Electric announced a non-exclusive partnership in June 2022 to accelerate the energy transition and provide better value to customers. Hitachi benefits from Schneider Electric’s medium-voltage portfolio, and Schneider Electric is likely to utilize Hitachi’s high-voltage portfolio.

Global Power Grid Market Segmentation Analysis:

By Component:

  • Cables
  • Variables Speed drives
  • Transformers
  • Switchgear
  • Others

By Power Source:

  • Conventional Power
  • Renewable Power
  • Nuclear Power
  • Hybrid Power

By Application:

  • Generation
  • Transmission
  • Distribution

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • Europe
  • Middle East and Asia

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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.

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
LinkedIn| Twitter| Blogs | YouTube

FMI Study Affirms Global Barrier System Market Valuation Anticipated to Surpass USD 34 Billion Mark by 2034, Growing Steadily at 4.3% CAGR

The barrier system market is anticipated to be valued at USD 22.2 billion by 2024. The market valuation is estimated to be USD 34 billion by 2034, projected at a CAGR of 4.3%. The barrier system market encompasses various products and solutions that provide safety, security, and control in various environments. Barrier systems are utilized across diverse sectors, including transportation, industrial, commercial, and public spaces, to regulate access, manage traffic, enhance security, and ensure safety.

In transportation, barrier systems are critical in controlling traffic flow, guiding vehicles, and preventing accidents on roads, highways, bridges, and tunnels. They are employed in toll booths, parking lots, and vehicle checkpoints to facilitate orderly movement and manage congestion. Additionally, barrier systems are essential in railway stations, airports, and seaports to regulate passenger flow, protect infrastructure, and enhance security.

Within industrial settings, barrier systems are deployed to safeguard workers, machinery, and materials in manufacturing plants, warehouses, and construction sites. They are physical barriers to prevent unauthorized access to hazardous areas, control pedestrian and vehicular traffic, and mitigate the risk of accidents and injuries. Industrial barrier systems include guardrails, safety barriers, bollards, and fencing solutions tailored to specific operational requirements.

In commercial properties such as retail stores, malls, and office buildings, barrier systems are utilized for crowd control, queue management, and theft prevention. Entrance gates, turnstiles, retractable barriers, and electronic access control systems help maintain order, ensure customer safety, and protect assets.

Public spaces such as parks, stadiums, and event venues rely on barrier systems to manage crowds, delineate boundaries, and enhance security during large gatherings and events. Temporary barriers, crowd control barriers, and barricades are deployed to channel foot traffic, create secure perimeters, and prevent unauthorized access to restricted areas.

Key Takeaways from the Market Study:

  • Under material type, the metals are registered to expand at 4.1% CAGR by 2034.
  • The United Kingdom is estimated to register at a CAGR of 5.5% by 2034.
  • China experiences significant growth, projected at a CAGR of 4.9% by 2034.
  • Based on application, the roadways segment is anticipated to expand at 3.8% CAGR by 2034.

“The increasing concerns regarding safety and security across various industries and environments is one significant driver for the barrier system market,”- says Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.)

Competitive Landscape:

In the competitive landscape of the barrier system market, several key players vie for market share, including established manufacturers, emerging startups, and regional suppliers. Competition revolves around product innovation, pricing strategies, distribution networks, and customer service.

Market leaders focus on expanding their product portfolios, strengthening brand presence, and forging strategic partnerships to gain a competitive edge in the industry. Some of the key developments are:

  • In January 2021, Betafence revealed its collaboration with Master Halco, a prominent wholesale distributor specializing in fence security solutions. This partnership designates Master Halco as the exclusive supplier of Betafence’s elite Prism 3-D welded wire products in North America.
  • In October 2022, Tata Steel Ltd. partnered with WMG, University of Warwick, to focus on developing new environmentally friendly steel grades that can be used for several applications.

Invest In Excellence – Purchase The Premium Report Now! 

Key Players:

  • Gramm Barriers Systems Limited
  • Valmont Structures Pvt Ltd
  • Lindsay Corporation
  • Avon Barriers Corporation Limited
  • Barrier 1 Systems
  • Hill & Smith Ltd
  • Deltabloc International GmbH
  • Global Grab Technologies Inc
  • Tata Steel Group
  • Bekaert

More Valuable Insights Available:

Future Market Insights offers an unbiased global barrier system market analysis, providing historical data from 2019 to 2023 and forecast statistics from 2024 to 2034.

To understand market opportunities, the barrier system market is segmented based on Material (Metal, Non-metal), Application (Roadways, Airports, Railways, Others), Device type (Fences, Bollards, Gate, Crash barrier systems, Drop arms), Technology (Rigid, Semi-rigid, Flexible), and Region (North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East and Africa).

Barrier System Market – Key Segments:

By Material:

  • Metal
  • Non-metal

By Application:

  • Roadways
  • Airports
  • Railways
  • Others

By Device Type:

  • Fences
  • Bollards
  • Gate
  • Crash Barrier Systems
  • Drop arms

By Technology:

  • Rigid
  • Semi-rigid
  • Flexible

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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.

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
LinkedIn| Twitter| Blogs | YouTube

FMI Analysis States Global Power Plant Boiler Market Revenue to Surge Beyond USD 40 Billion Mark by 2034, Growing Steadily at 5.80% CAGR

The global power plant boiler market value is expected to rise from USD 22.7 Billion in 2024 to USD 40 Billion by 2034. This estimated growth is expected to be driven by a promising CAGR of 5.80% in the power plant boiler industry over the next decade.

Governments around the world are investing in upgrading their present power plants. This, along with the increasing construction of new power plants, is raising the demand for power plant boilers. Furthermore, advancements in technology, such as the advent of supercritical boilers, are positively impacting the power plant boiler market.

Increasing projects to raise power capacity is augmenting the investments in power plant boilers. Additionally, upgrades in terms of efficiency and reductions in carbon emissions are driving innovations in the market. Rising investment projects in the industrial world also offer adequate business growth opportunities.

Key Takeaways from the Power Plant Boiler Market Report:

  • In 2023, the power plant boiler market attained a valuation of USD 21.3 Billion by exhibiting a CAGR of 7.5% from 2019 to 2023.
  • By technology, the subcritical segment is anticipated to record a CAGR of 5.5% over the forecast period.
  • Based on fuel type, coal segment is projected to record a 5.3% CAGR through 2034.
  • The United States holds a massive share in the power plant boiler market. By 2034, the country’s market is estimated to acquire USD 7.2 Billion, expanding at a 6.1% CAGR.
  • China ranks second in terms of market value. By 2034, this market is projected to attain USD 6.7 Billion. China is also anticipated to experience a slightly higher 6.8% CAGR.

“Players are focusing on bringing advancements in their boiler production and boiler design to meet the evolving user demands,” – opines Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).

Market Strategies Employed by Players to Get Ahead in the Power Plant Boiler Market:

The power plant boiler market is fairly competitive. Key players are exploring opportunities in niche markets, such as small-scale modular reactors, combined heat and power (CHP) systems, and industrial applications for steam generation. Further, players are providing comprehensive lifecycle management solutions to attract end users. By developing strong after-sales support, the market players can increase their sales.

Industry players further enhance their reach by joining partnerships and participating in exhibitions and industry events. Companies are also prioritizing technologies that comply with stricter environmental regulations and reduce emissions. Additionally, players can build goodwill and brand reputation by engaging in corporate social responsibility initiatives.

Key Companies in the Power Plant Boiler Market:

  • General Electric
  • Babcock & Wilcox Enterprise
  • Mitsubishi Hitachi Power Systems
  • Siemens AG
  • Doosan Heavy Industries & Construction
  • Dongfang Electric Corporation
  • IHI Corporation
  • Andritz Group
  • John Wood Group
  • Bharat Heavy Electrical Limited
  • Thermax
  • Sumitomo Heavy Industries
  • Others

Upgrade To Premium – Secure Your Exclusive Report Now!

New Developments in the Power Plant Boiler Market:

  • In October 2023, Babcock & Wilcox Enterprises, Inc. announced that its Canadian subsidiary, Babcock & Wilcox Canada Corp., has signed a multi-year maintenance contract with Newfoundland and Labrador Hydro to develop the Holyrood Thermal Generating Station in Newfoundland. The deal is worth USD 11 Million and enables consumers to take on more work.
  • In October 2023, Renova Inc., a Japanese renewable power producer, postponed the commercial operation of two biomass-fired power stations with a combined capacity of 150 MW. The 74.8-MW Tokushima Tsuda and 75-MW Ishinomaki Hibarino plants went online later in October and December 2023. The business attributed the delay in launch on final changes to turbine and boiler facilities.

Power Plant Boiler Market Segmentation Analysis:

By Technology:

  • Subcritical
  • Supercritical
  • Ultra-supercritical

By Fuel Type:

  • Coal
  • Nuclear
  • Gas
  • Oil

By Capacity:

  • Below 400 MW
  • 400-800 MW
  • Above 800 MW

By Region:

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

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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.

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
LinkedIn| Twitter| Blogs | YouTube

Baby Powder Market Gets a Makeover: Organics Bloom at 5.8% CAGR for a USD 1,800 Million Opportunity by 2033

The baby powder market is undergoing a significant transformation, poised to reach a value of US$ 1,800 million by 2033 with a CAGR of 5.8%. This presents a crucial opportunity for industry leaders to become champions of safe and natural baby care solutions. Here’s why you should take action:

The Organic Imperative: Consumers are prioritizing organic ingredients for their babies. Develop talc-free powders made with corn-starch, oat flour, and arrowroot starch to capitalize on this growing demand.

Safety First: Shift away from potential health risks. Address concerns surrounding talc-based powders and emphasize the safety and gentleness of organic alternatives.

Riding the Birth Rate Wave: Rising global birth rates fuel the need for baby care products. Position your organic baby powders as an essential part of every parent’s toolkit.

Meeting Regulation Head-On: Government regulations are banning talc in many regions. Embrace this change and be at the forefront of compliant and future-proof baby powder solutions.

Ready to Make an Informed Decision? Contact Sales Now!

Leading the Way in Innovation: Don’t just follow, lead the innovation. Develop innovative plant-based baby powder formulations that are gentle, effective, and meet the evolving needs of parents.

A Growing Market Share: Baby powder holds a significant share of the global baby care market. By offering safe, organic alternatives, you can capture a larger slice of this lucrative market.

The Takeaway: The baby powder market is not about the past, it’s about the future. By focusing on organic ingredients, safety concerns, rising birth rates, regulatory compliance, leading innovation, and a growing market share, industry leaders can position themselves as trusted partners in nurturing healthy, happy babies.

Key Takeaways of Baby Powder Market Study

  • Talc-based baby powder was a dominant segment in the market. However, corn-starch-based baby powder is expected to gain considerable traction during the forecast period, attributable to perception of corn-starch as a safer and organic ingredient with relatively larger particles as compared to talc.
  • North America and Europe combined account about 50 percent of market share in global baby powder market owing to high penetration rate in these regions.
  • The premium price products segment is estimated to witness a significant CAGR growth in the global baby powder market over the forecasted period, owing to premiumization of baby powders associated with high safety and quality standards.
  • The product availability of conventional baby powder is high in the market as compared to organic baby powder. Also, organic baby powder are relatively expensive. As a result, conventional baby powder has high sales.

Developing Countries to Offer Lucrative Opportunities
For the past decade, developed countries dominated the baby powder market owing to product availability and awareness among consumers. However, this trend is shifting towards the emerging markets. Countries such as Niger, Uganda, and Nigeria, are anticipated to have the highest birth rates in the forecast period. Therefore, the Middle East and Africa is considered a highly lucrative market for manufacturers of baby powder.

Moreover, countries such as China and India have a massive population, out of which approximately 20% are babies. Generating general awareness among the population in such developing countries is expected to create numerous opportunities in the current market scenario.

Who is Winning?
Some of the key players operating in the baby powder market

  • Artsana Group
  • Asahi Group Foods Ltd
  • The Burt’s Bees
  • California Baby
  • Chattem, Inc.
  • GLÜKi Organics
  • Johnson & Johnson
  • Kimberly-Clark Corp
  • Libero
  • Lion Corporation
  • Mamaearth
  • Mann & Schröder GmbH
  • Mee Mee
  • Mothercare
  • Oriflame Holding AG
  • Osotspa Company Limited
  • Pigeon
  • Prestige Consumer Healthcare, Inc.
  • Procter & Gamble Co.
  • PZ Cussons

Several prominent and emerging market players are significantly investing in research and development activities to introduce new corn-starch based baby power. Besides this, global market players are acquiring the small scale and new entrants in the market those are offering either herbal products or organic products. They are also willing to spend more on promotion and marketing of products through pediatricians and doctors. This way consumers develop a belief on the safety of the products.

Complete Market Review: A Full Report Analysis

Baby Powder Market By Category

Ingredient:

  • Talc-based
  • Corn-starch-based

Price:

  • Mass
  • Premium

Nature:

  • Conventional
  • Organic

Sales Channel:

  • Direct Sales
  • Modern Trade
  • Convenience Stores
  • Departmental Stores
  • Specialty Stores
  • Mono Brand Stores
  • Online Retailers
  • Drug Stores
  • Other Sales Channels

Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

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 ~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
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube