Solar Pumps Market is estimated to grow at CAGR of ~12% during the forecast period of 2019-2029

FMI has released a new market research study on the solar pumps market that includes global industry analysis 2014–2018 and opportunity assessment 2019–2029. The report investigates the solar pumps market and provides critical insights for the forecast period of 2019-2029. As per the study, the solar pumps market is projected to experience generous growth throughout the forecast period due to several governmental policies and regulations, and increasing dependency on renewable source of energy.

  • The solar pumps market size in 2019 is estimated to be valued at ~US$ 1 Bn.
  • The solar pumps market is estimated to grow at a CAGR of ~12% during the forecast period of 2019-2029.

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The solar pumps market is likely to cross the one billion mark in 2019, and grow notably at a CAGR of ~12% during the forecast period of 2019-2029. This growth is significantly driven by significant reduction in prices of solar pumps, solar panels, and power systems, along with the cost-effective installation process.

South Asia to Offer New Lucrative Opportunities

South Asia is expected to show substantial upsurge in the solar pumps market owing to the high operating costs of diesel motors and non-reliable energy distribution in countries, such as India, Thailand, and Malaysia. The region accounts for a maximum number of villages, which are deprived of electricity and lag access to the grid electricity. India is expected to witness substantial growth in the solar pumps market, owing to the cost-effectiveness and operational efficiency of solar pumps. Moreover, solar pumps reduce irrigation and electrification costs. ASEAN countries are projected to hold a significant share in the solar pumps market, on the account of increasing focus on low carbon emission in these countries. Rapid inclination of aforementioned countries towards installations of solar pumps is creating further opportunities for the market players.

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Supportive Governmental Policies Propelling the Market Growth

The global solar pumps market has been segmented based on the product, capacity, applications, and regions, such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East & Africa.

  • Government authorities and NGOs associated with the promotion of renewable energy have succeeded to offer greater support to solar pump buyers through banking and financial institutions to offset the market restraints of high capital cost.The organizations involved, are taking collective measures to facilitate the flow of funds into solar projects, aggregate the demand within countries, standardize asset-structuring across countries, and establish an ecosystem of financial instruments to mitigate some of the investment risks. Adding to this, the funds for research & development (R&D) are also rising, which will help commercialize models and make them available for larger public use. As a result, the solar pumps market is expected to grow notably during the forecast period.
  • The solar water pumps market in India and other developing countries is primarily driven by both national and state-level government schemes addressing irrigation and rural drinking water requirements.The government offers subsidy schemes to help individuals and organizations procure these solar energy systems at reduced capital cost, which is a major driver for the marker as the cost of installing solar pumps is relatively very high when compared to the capital required for installing conventional pumps. This, in turn, is expected to drive the solar pumps market during the forecast period.
  • Governments worldwide are actively encouraging the usage of solar pumps to replace diesel and electricity-based pumps to move away from non-renewable energy sources and reduce the carbon footprint, ultimately promoting climate change. Developing countries, such as India, China, Bangladesh, and Australia are expected to emerge as game changers owing to their emission pattern. This factor might lead to a positive impact on the solar pumps market growth.

Market Segmentation

By Capacity

  • Below 4 HP
  • 4-6 HP
  • 6-8 HP
  • Above 8 HP

By Product Type

  • Submersible
  • AC
  • DC
  • Surface
  • AC
  • DC

By Application

  • Farming
  • Irrigation
  • Livestock
  • Aquaculture
  • Residential
  • Building
  • Drinking
  • Commercial
  • Swimming Pool
  • Pond Management
  • National Parks
  • Industry Water Treatment

By Region

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

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Solar Pumps Market: Vendor Insights

The report highpoints some of the prominent market players, who have established themselves as global leaders in the solar pumps market. Few examples of key players in the market are KSB SE & Co. KGaA, Kirloskar Brothers Limited, Grundfos, Franklin Electric, BW Solar (Waterboy), Shakti Pumps (India) Ltd., Stanley Black & Decker, Inc.,  Glynncorp Electrical, and Bernt Lorentz GmbH & Co. KG, among others.The global solar pumps market is significantly prominent, by some players holding prominent shares of the market. Tier-1 players are focusing on mergers, acquisitions, and joint ventures with local market players and deploying advanced 4HP and 4HP-6HP solar pumps to achieve positive traction and healthy competitive edge over its competitors.

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Polymer Solar Cells Market boosting CAGR of 21.5% throughout the period 2017-2027

According to the latest research report on “Polymer Solar Cells: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)” by Future Market Insights, the global polymer solar cells market is expected to witness exponential growth during the assessment period. This research publication focuses on the forecasts on global and regional markets by tracking the impact of restraints, drivers, trends and challenges on the global polymer solar cells market. It also includes introductory analysis on the “global photovoltaic solar cells market”. This research report also studies several opportunities for manufacturers and suppliers/distributors of the polymer solar cells market across key regions of North America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Latin America, Japan and Middle East and Africa (MEA). An in-depth market segmentation of the polymer solar cells market assists to estimate the volume and value projections for a period of ten years, from 2017-2027.

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Global Polymer Solar Cells Market: Forecast

Analysis of Future Market Insights points out to a huge growth of the polymer solar cells market during the assessment period of 2017-2027. According to the global research report on polymer solar cells, the global market is anticipated to reach a value of US$ 296.3 Mn from a market evaluation of US$ 34.5 Mn in 2016 with a boosting CAGR of 21.5% throughout the period of assessment.

Global Polymer Solar Cells Market: Dynamics Impacting the Global Market

The main aspects boosting the growth of the global polymer solar cells market is the development of the electronics and electrical industry, rising demand for sources of renewable energy, increasing government support and initiatives, increasing construction activities associated with green buildings along with expanding automobile and the construction industries. Various trends are discussed in the research study, which have an indirect impact on the market’s growth, to name a few, the enhancement of manufacturing techniques of polymer solar cells (which reduce costs and enhance performance), development of electronic devices, improvement in the energy payback time with respect to both finance and energy, focusing on development of new material in order to make photovoltaics as the best alternative to organic fuels, development of new plastic solar cells to minimize energy loss and increasing the life span of organic solar photovoltaic cells. However the global polymer solar cells market is not without of challenges. High dependency on fossil fuels, high fluctuations in the prices of oil and gas, comparatively less power conversion capacity, higher dependency on hydroelectricity, low stability and strength, availability of alternatives and limited operational life of organic solar cells might pose restraint to the growth of the global polymer solar cells market.

Global Polymer Solar Cells Market: Segmental Snapshot

The global solar cells market is segmented by junction type (single layer, bilayer, bulk heterojunction, multi junction and others), by technique (printing technique, coating technique), by application (BIPV consumer electronics, automotive, defense and emergency and others) and by region (North America, Western Europe, Eastern Europe, Latin America, Asia Pacific excluding Japan, Japan and Middle East and Africa).

  • By region, Asia Pacific excluding Japan (APEJ) region is anticipated to dominate the global polymer cells market with respect to high market share during the forecast period. This region is projected to grow at the highest CAGR of 24.6% throughout the period of assessment 2017-2027. The main contributor is China, which shows high potential and is the fastest growing country with a high CAGR of 25.5% during the forecast period. North America, Japan and Western Europe also poised to show significant growth in the coming years
  • By product type, the multi-junction segment is expected to grow at a higher pace than any other segments during the assessment period. However, the bulk heterojunction segment is estimated to show higher market share thus leading the global polymer solar cells market
  • By technique, the printing segment is expected to show a high market share and high growth rate than the coating segment, to reach a value a little under US$ 240 Mn and is poised to register a robust CAGR throughout the forecast period
  • With respect to the application category, the BIPV segment is poised to grow at the highest rate to register a CAGR of 23.3% during the assessment period. It is also anticipated to witness high market share, thus leading the global polymer solar cells market by application

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Market Segmentation

By Junction Type

  • Single Layer
  • Bilayer
  • Bulk Heterojunction
  • Multi-junction
  • Others

By Application

  • BIPV (Building Integrated Photovoltaic)
  • Consumer Electronics
  • Automotive
  • Defence and Emergency
  • Others

By Technique

  • Printing Technique
  • Coating Technique

By Region

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

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Global Polymer Solar Cells Market: Competition Analysis

The global polymer solar cells market has included several key players involved in the manufacturing and supply of polymer solar cells. The report has profiled companies such as Heliatek GmbH, InfinityPV ApS, BELECTRIC OPV GmbH (OPVIUS GmbH), SUNEW, Solarmer Energy, Inc., Armor Group,   Solvay S.A., Eight19 Ltd., SolarWindow Technologies, Inc., and Raynergy Tek Incorporation.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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Wood Pellet Market is projected to expand at a healthy CAGR of 8.7% during the forecast period 2017–2027

Future Market Insights (FMI) delivers key insights on the wood pellet market in its latest report titled, ‘Global Wood Pellet Market: Global Industry Analysis and Opportunity Assessment, 2017–2027′. According to the report, the global wood pellet market is projected to expand at a healthy CAGR of 8.7% during the forecast period in terms of revenue.

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Wood pellets are defined as are biofuel made from compressed organic matter or biomass. These technologies use a wide range of materials such as forest & wood waste, agricultural residue, and other substances.

Factors such as increasing consumption of wood pellets, increasing health consciousness among consumers, high consumption of wood pellets for residential heating, growing demand for wood pellets for electricity generation, growing exports of wood pellets rapidly growing demand for domestic wood pellets and energy, and climate change are the factors that drive the market. Enterprises and individuals, nowadays, need products that are environmentally-friendly. Collaborations between suppliers and producers ensure a strong bonding and progressive activities, and enhance the development process. This demand has given rise to the increased production of wood pellets.

Government certification is a valuable tool to assure customers that the wood pellets are made from sustainably managed forests. Increasing certification criteria is the key restraining factor of the North American wood pellet market while exporting to other countries, where various rules mandate renewable energy production. The procurement policy of wood pellets is also one of the key restraining factors in the market here. The Sustainable Forestry Initiative and Forest Stewardship Council are the certification organizations in North America.

  • 19% of U.S. commercial forestland is certified by major U.S. standards.
  • According to the Wood Pellet Association of Canada, approx. 9% of the world’s forests are certified. Out of them, more than 40% forests are in Canada, which makes these forests as an ideal source of wood pellets.

On the basis of region, Western Europe is estimated to be the largest market for wood pellets, accounting for 72.6% value share of the global wood pellets market in 2017. The region continues to dominate the market, and is expected to continue to do so throughout the forecast period.

Eastern Europe exports most of its produced wood pellets to other countries such as Germany and the United Kingdom, where it requires certification for exports. Various industries are focusing on getting certified with DINplus and green energy certifications, which will help in exporting the produced wood pellets. The rapid rate of the production of wood pellets in countries like Poland, Czech Republic, and Slovakia is a major driving factor of the wood pellet market in Eastern Europe, owing to the high amount of exports to the other developed countries of Western Europe.

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On the basis of end use, the industrial pellets for co-firing segment is projected to exhibit a CAGR of 11.0% and and 9.1% in terms of market value and volume, respectively, during the forecast period. This is attributed to the increasing demand for wood pellets in a wide range of end-user applications.

The markets in APEJ, Western Europe, MEA, and Latin America are anticipated to contribute majorly to the global wood pellet market. The market in Western Europe is expected to account for 69.6% share in terms of value in the global wood pellet market, and be valued at US$ 14,694.6 Mn by 2027 end. The increasing demand for wood pellets for residential heating and energy and climate change in Western Europe is expected to fuel revenue growth of the market in the region. The market in Western Europe is estimated to be valued at US$ 6,686.2 Mn by 2017 end, and projected to expand at a CAGR of 8.2% during the forecast period.

Factors such as increasing consumption of wood pellets, increasing health health consciousness among consumers, high consumption of wood pellets for residential heating, growing demand for wood pellets for electricity generation, growing exports of wood pellets, growing demand for domestic wood pellets and energy, and climate change are expected to drive revenue growth of the global wood pellet market.

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Market segmentation

The global wood pellet market is segmented into seven key regions:

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

Feedstock type of wood pellet covered in the report are:

  • Forest and Wood Waste Resources
  • Agricultural Residue and Waste
  • Wood pellet based on other feedstock (energy crops, food waste, and virgin lumber)

The applications of wood pellet covered in the report are:

  • Free-standing Pellet Stove
  • Pellet Stove Inserts
  • Pellet Boilers

On the basis of end use, the global wood pellet market is categorized as:

  • Industrial Wood Pellet for CHP/District Heating
  • Industrial Wood Pellet for Co-firing
  • Wood Pellet for Heating Residential/Commercial
  • Others (horse bedding, absorbent)

Key market participants covered in the report include Drax Biomas Inc, Rentech, Inc, Enviva Partners, LP, German Pellets GmbH, Viridis Energy Inc, AS Graanul Invest, Pinnacle Renewable Energy Inc, Lignetics of Idaho, Inc, Zilkha Biomass Energy, LLC, and Energy Girvan Limited.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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Asia Pacific Upstream Oil And Gas Services Market is expected to increase at a CAGR of 9.3% during the forecast period (2016-2021)

According to the latest market report published by Future Market Insights titled ‘Upstream Oil & Gas Services Market: APAC Industry Analysis and Opportunity Assessment, 2016-2021’, the long-term outlook on the APAC Upstream Oil & Gas Services market remains positive which is expected to increase at a CAGR of 9.3% during the forecast period (2016-2021). The APAC Upstream Oil & Gas Services market is estimated to have been valued at around US$ 2.5 Bn in 2016.

The Upstream process involves various stages, such as searching for underwater and underground oil and gas fields, drilling of wells and subsequently operating these wells, etc. The Upstream oil & gas services segment comprises services involved in the upstream process, such as maintenance and operation of drilling equipment, sampling of fluids and decommissioning involved in various stages within upstream processes.

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The APAC Upstream Oil & Gas Services market report has been analysed on the basis of various service types, such as IRM (Inspection, Repair and Maintenance), Well Simulation, Sampling (analysis of reservoir fluid samples), Decommissioning, ROV Drill Support and SURF Support type of upstream oil & gas services. The countries considered under this APAC Upstream Oil & Gas Services market analysis are: Australia, New Zealand, Indonesia and Myanmar respectively.

The APAC Upstream Oil & Gas Services Market is a high value –high growth market and this trend is expected to continue during the forecast period. The APAC Upstream Oil & Gas Services Market has flourished owing to increase in oil & gas exploration sites and increase in crude oil & gas production in many countries, particularly Australia, which is a prominent country and has abundant reserves of coal, crude oil and natural gas. The country is a net exporter of natural gas and has the largest reserves of natural gas in Asia Pacific and is ranked as one of top three net exporters of hydrocarbons in the world. The country’s political and economic scenario is favourable to the growth of Upstream Oil & Gas Services Market, primarily due to regulation and liberalization of trade of oil & gas reserves to overseas markets. Overall services accounted for 67.4% of the overall economy of Australia, while the oil & gas industry accounted for 28.9% of the economy in 2015, in which the Upstream Oil & Gas Services is said to have been a major contributor to the growth.

By Upstream oil & gas services type, the IRM Upstream Oil & Gas Services type is estimated to be a high value market owing to the significant costs associated with capital equipment, technical-know-how and skilled labour. However, at times, the Upstream Oil & Gas services has to be outsourced to foreign countries. The SURF support type of Upstream Oil & Gas Services is however expected to emerge as a high growth segment owing to high offshore base in the region.

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Industrial Valve – Market Segmentation

Service Type

  • IRM
  • Sampling
  • Decommissioning
  • ROV Drill Support
  • SURF Support
  • Well Stimulation

Country

  • Australia
  • New Zealand
  • Indonesia
  • Myanmar

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APAC Upstream Oil & Gas Services Market Participants

Some of the market participants identified across the value chain of the APAC Upstream Oil & Gas Services market are Chevron Corporation, BP PLC, Eni S.p.A, Origin Energy Ltd., Murphy Oil Corporation, BHP Biliton Limited, INPEX Corporation, Quadrant Energy Australia Limited, Woodside Petroleum Limited and Royal Dutch Shell PLC. The APAC Upstream Oil & Gas Services market is a highly consolidated market consisting of tier-1 global scale Upstream Oil & Gas Service providers. For a few companies, Upstream Oil & Gas Services are taken care by regional subsidiaries in the region. For e.g. Eni S.p.A. operates through its subsidiaries, such as Eni Adfin, Ecofuel SpA, Eni SpA Fuel Centrosud, Eni Corporate University and Eni International Resources in Indonesia and Myanmar. The Upstream Oil & Gas services companies have been focusing on greenfield projects which will offer lead to higher profit margins in addition of existing oil and gas reserves.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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Intelligent Pigging Services Market is anticipated to expand at a CAGR of ~6% during the forecast period of 2019-2029

The latest market research study by Future Market Insights on intelligent pigging services includes the global industry analysis for 2014-2018 and opportunity assessment for 2019-2029. The study observes the intelligent pigging services market and offers thorough insights for the forecast period of 2019-2029. According to the analysis and study done in the report, the global intelligent pigging services market is anticipated to observe prominent progress, due to high advancements in the inspection technologies.

The intelligent pigging services market was valued at ~US$ 537 Mn in 2018 and is anticipated to expand at a CAGR of ~6% during the forecast period of 2019-2029.

The intelligent pigging services market has high potential to develop in regions such as North America, Eastern Europe, and the Middle East and Africa. North America and Western Europe have stringent pipeline safety regulations to protect the environment and avoid the business discontinuity, thereby potentially raising the demand for intelligent pigging services.

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Most of the regulatory authorities across the globe lay emphasis on the regular maintenance and inspection of the oil and gas pipelines. This is due to the fact that regular supply is the key to ensure stable economic growth. The original equipment manufacturers (OEMs) and vendors are constantly investing in research and development to improve the pipeline and maintenance procedures. The advanced intelligent pigging technologies enable efficient diagnosis of flaws in the pipeline such as deformation and multi data to locate dents, corrosion and seam defects, which are being used by pipeline operators. Rapid industrialization across the globe is driving the consumption of petroleum, which will simultaneously drive the demand for intelligent pigging services.

Implementation of in-line pigging services based on MFL, UT, and EMAT technologies requires substantial capital investment, which hampers the adoption especially in developing economies such as India and ASEAN countries. According to the FMI analysis, the average pricing of intelligent pigging technologies such as MFL and UT is anticipated to increase by approximately 5%–7% on y-o-y basis over the next 10 years. Due to this high costs involved in the intelligent pigging services, various pipeline operators opt for different alternatives, which are cost-effective as compared to smart or intelligent pigging services. This is inhibiting the growth of the intelligent pigging services market globally to some extent.

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North America Region to Offer Significant Growth Opportunities for Market Players

With growing technological progression and advancements in the electronic systems over the years, various original equipment manufacturers offer smaller intelligent pigs as compared to conventionally used pigs, equipped with sophisticated and small size electronic systems. This will increase the profitability of easy maintenance of pipelines with smaller diameter.

For the global intelligent pigging services market, North America is anticipated to be a prominent region throughout the forecast period, owing to the stable growth of petroleum consumption. Increasing adoption of intelligent pigging services in Eastern Europe and the Middle East and Africa along with North America and Latin America are anticipated to provide lucrative growth opportunities for the market players.

Magnetic Flux Leakage Technology Expected to Remain Prominent

The division of the global intelligent pigging services market has been done on the basis of technology and end use along with seven regions.

  • On the basis of technology, the magnetic flux leakage technology is anticipated to remain prominent in the forthcoming years. Ultrasonic test is also anticipated to project relatively high growth over the forecast period.
  • The ultrasonic test technology has noteworthy benefits where a transducer emits an ultrasonic sound that travels in the pipeline wall. The thickness of the wall is determined by calculating the time consumed for an echo of the ultrasonic sound to return to the sensors. Pigs, which are based on UT technology, require a liquid medium in order to travel through the pipeline.

Intelligent Pigging Services Market: Segmentation

Technology

  • Magnetic Flux Leakage
  • Ultrasonic Test

End Use

  • Oil
  • Gas

Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

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Intelligent Pigging Services Market: Vendor Insights

The global intelligent pigging services report highlights on some of the major industry players in the global market. Some of the examples of key players in the market are T.D. Williamson, Inc., LIN SCAN, GE Oil and Gas (PII Pipeline Solutions), Baker Hughes Incorporated, Enduro Pipeline Services Inc., NDT Global, OMV Group, Petrobras, Royal Dutch Shell PLC,and ConocoPhillips,among others.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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Flare Gas Recovery System Market are expected to increase at 5.9% CAGR between 2021 and 2031

The flare gas recovery system market is expected to register year-on-year growth at 4.8% in 2021, with the overall valuation expected to reach US$ 1.05 Bn in 2021. As per a recent analysis by Future Market Insights (FMI), sales of flare gas recovery systems are expected to increase at 5.9% CAGR between 2021 and 2031.

According to the study, the overall flare gas recovery system market valuation is forecast to top US$ 1.7 Bn by 2031. Compressor technology is expected to remain highly sought-after, and sales of modular flare gas recovery system will increase at a steady pace, exhibiting growth at a 5.7% CAGR in 2021.

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Will the COVID-19 Crisis Hamper Sales of Flare Gas Recovery Systems?

In 2020, the unprecedented COVID-19 outbreak suspended all industrial activities and delayed several oil and gas projects to an extent. The market also saw a significant dip in sales of  FGRS within end-use sectors including oil and gas, chemicals, and industrial fuel gas treatment.

However, government initiatives to resume operations in heavy industries to full capacity and resumption of stalled project activities is likely to propel sales of flame gas recovery systems in the forthcoming years.

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Flare Gas Recovery System Market by Category

By Operating Pressure:

  • Upto 5 bar (small)
  • 5 to 10 bar (medium)
  • 10 to 20 bar (large)
  • 20 to 60 bar ( very large)

By Configuration:

  • Modular
  • Skid Mounted

By Technology:

  • Compressor
    • Reciprocating
    • Screw
    • Liquid Ring
    • Siding Vane
  • Ejector Based

By Flow Rate:

  • Upto 2 MMSCFD
  • 2 to 5  MMSCFD
  • 5 TO 10 MMSCFD
  • 10 TO 20 MMSCFD
  • 20 to 50 MMSCFD

By Application:

  • Oil & Gas
    • Petrochemical Refineries
    • NGL Plants
    • CNG Refineries
    • EOR
    • Pipeline & Syn Gas
    • FPSO Offshore platforms
    • Fuel gas conditioning
  • Chemical Plants
  • Storage Tanks
  • Bio Gas & Landfill
  • Industrial flue gas treatment

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Scope of Report

Attribute Details
Forecast Period 2021-2031
Historical Data Available for 2016-2020
Market Analysis USD Million for Value
Key Countries Covered US, Canada, Brazil, Mexico, Argentina Germany, U.K., France, Italy, Spain, Russia, Nordics, China, Japan, South Korea, India, ASEAN Countries, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, Western Africa, Iran and South Africa
Key Segments Covered Operating Pressure, Configuration, Technology, Flow Rate, Application and Regions
Key System Manufacturing  Companies Profiled
  • Honeywell UOP
  • Cimarron Energy, INC.( Jordan Technologies)
  • Wärtsilä
  •  Zeeco, Inc
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  • Ramboll Group, Inc.
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Opioid-Induced Constipation (OIC) Treatment Market Research Report 2021-2026: Industry Trends, Regional Wise Outlook, Growth Projections and Opportunities

Opioids are a class of medications that are regularly endorsed for their pain relieving, or pain-killing, properties it is chronic and non-cancer pain. A typical symptom connected with the utilization of these medications are that they decrease the gastrointestinal tract’s motility, making solid discharges and making patients strain. In addition, prolonged utilization of opioids can prompt the harm of sensory system that causes body cells to quit creating endogenous opioids, for example, endorphins. There is high risk of constipation in adults since they have poor diet, poor fluid intake and immobility. The typical symptoms for opioid-induced constipation are feeling lethargic, hard and dry stools, distention and bulged abdomen, painful defecation and loss of appetite. The opioid-induced constipation (OIC) treatment market is an exceptionally alluring and promising market because of the expanding base of opioid-induced constipation OIC sufferers.

Opioid-Induced Constipation (OIC) Treatment Market: Drivers and Restraints

Raising base of the illegal medication users and delayed utilization of opioids in the treatment of chronic pain are the essential elements energizing the development of the opioid- induced constipation (OIC) treatment business sector. In addition, expanded mindfulness among patients and doctors for utilizing non-purgative medicine choices to treat opioid induced constipation would promote drive the development of the OIC treatment market sooner rather than later. In addition, it has been assessed that the undiscovered market for successful, advantageous and safe medication treatment in OIC drug is profoundly broad and developing. However, lack of awareness about opioid-induced constipation in patients, absence of mindfulness with respect to the forthcoming treatment innovation, high costs of novel pharmaceuticals and unfavorable reimbursement guidelines by medical coverage organizations are probably the most prevailing limit for the opioid- induced constipation treatment market.

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Opioid-Induced Constipation (OIC) Treatment Market: Overview        

With expanding base of opioid-induced constipation (OIC) sufferers, the opioid-induced constipation (OIC) treatment market is expected to have tremendous growth during the forecast period (2016-2026). The latest trend in the opioid-induced constipation market is development of novel and effective treatment technology by incurring nominal expenses in research and development (R&D). Introducing convenient dosing, peripherally restricted μ-opioid receptor antagonist (PAMORA) target main cause of opioid- induced constipation (OIC) thiswill drive the opioid- induced constipation (OIC) treatment market.

Opioid-Induced Constipation (OIC) Treatment Market: Region- wise Outlook          

North America is the main market for opioid induced constipation treatment because of the expanding base of OIC sufferers and illegal medication users. It is then followed by Europe because of high incidence of opioid-induced constipation OIC for chronic pain. Besides that, Latin America and South East-Asia area are some of potential areas where presentation of successful opioid-induced constipation treatments may help up the general income of a specific pharmaceutical organization, because of the expanding base of OIC sufferers.

The high development of the opioid-induced constipation market is credited to the strong government motivation in healthcare sector likewise with the vicinity of an extensive pool of patients suffering from chronic pain

Opioid-Induced Constipation (OIC) Treatment Market: Key Players

Key Players operating in this segment are GlaxoSmithKline, Inc., AstraZeneca plc, Inc., Pfizer, Inc., S.L.A. Pharma AG, AIKO Biotechnology, Cubist Pharmaceuticals, Salix Pharmaceuticals, Inc. and Takeda Pharmaceutical Company Limited

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

The report covers exhaustive analysis on:

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

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Regional analysis includes

  • North America (U.S., Canada)
  • Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Eastern Europe)
  • Asia Pacific (China, India, ASEAN, Japan, Australia & New Zealand)
  • Latin America (Mexico, Brazil Others)

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

Opioid-Induced Constipation (OIC) Treatment Market: Segmentation

Globalopioid-induced constipation (OIC)marketis segmented on the basis of active ingredients, administration of drugs, drug class, distribution channel and geography as following:

Segmentation by Active Ingredients

  • Naloxegol
  • Lubiprostone
  • Methylnaltrexone Bromide
  • Docusate Sodium
  • Others (Osmotic laxatives, Emollient or lubricant cathartics, Bulk cathartics, Stimulant cathartics, Prostaglandins or prokinetic drugs)

Segmentation by method of administration

  • Oral
  • Parenteral (Subcutaneous Injection)

Segmentation by drug class

  • Peripherally-Restricted μ-opioid Receptor Antagonist (PAMORA)
  • Non-selective opioid antagonist
  • μ-Opioid antagonist
  • Locally Acting Chloride Channel Activator (LACCA)

Segmentation by Distribution Channel

  • Drug store
  • Independent Pharmacies
  • Hospital Pharmacies

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Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

Healthcare IT Outsourcing Market 2021 End-User Demand by Types, Regions, Top Players, Service Provides, Regional Outlook and Forecast to 2030

Future Market Insights (FMI), a Leading Market Research and Competitive Intelligence Provider Offers Exhaustive Analysis on Key Factors Burgeoning the Sales in the Global Healthcare IT Outsourcing Market over the Assessment Period (2021-2030)

Future Market Insight’s (FMI’s) latest study published on the Healthcare IT Outsourcing market provide insights into key factors uplifting the sales over the next ten years. It provides unbiased analysis on key trends, drivers, and opportunities across key segments, the report also provides strategic analysis on the incumbents, existing players, and leading players operating in the Healthcare IT Outsourcing market.

The convergence of Information Technology and the healthcare industry is not the latest news, however, the notion is constantly subjected to innovations on the technological front. Leading healthcare organizations, as a part of their business digitalization strategy, are moving towards outsourcing their IT wings rather than investing in in-house teams.

Consequently, IT outsourcing services providers are entering the landscape to offer solutions for various healthcare business operations such as pharmacy information, revenue cycle management, electronic health records,  inventory management, and laboratory information systems.

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Healthcare IT Outsourcing to Come Handy during the Global Coronavirus Crisis

Healthcare organizations around the world are facing unprecedented challenges while ensuring chronic healthcare management as the world is locked down due to the global outbreak of COVID-19. The current situation has amplified the need for technologically advanced and IT-based healthcare systems that can help doctors treat their patients remotely.

As a result, leading players in the global healthcare IT outsourcing market are increasing their focus on offering IT tools that can enable healthcare professionals to monitor health and progress of their patients digitally, while reducing the cost as well as exposure of patients to life-threatening environments outside.

For instance, In June 2020, -MonitorMe™ – a unique medical monitoring program that connects healthcare professionals with at-home patients – announced that it has established a partnership with Harvey Nash/Nash Tech Global – global leader in software development, business process services, and outsourcing solutions, and leading provider of IT outsourcing services.

Through this partnership, the companies are aiming to offer a mechanism to carry out a real-time health and wellness monitoring program to bridge the gaps between on-staff clinicians, healthcare workers, and at-home patients, especially during the novel coronavirus pandemic.

Cyber Security Threats and Lack of Data Storage Infrastructures Hinder Market Growth

The healthcare industry is taking most of its operations on digital platforms, as the trend of digitalization is booming in this landscape. Through healthcare IT outsourcing services, a majority of leading industry players have implemented a digital business model across the world, where data is becoming one of the most important assets for healthcare businesses.

However, the healthcare industry is largely exposed and vulnerable to ransomware attacks and cyber security breaches. For instance, in April 2020, Cognizant – an American multinational corporation that provides IT services, including digital, technology, consulting, and operations services – was hit by a massive ‘Maze’ ransomware attack.

The attack hit its customers as well, and the company is expected to spend nearly US$ 70 million to recover the damages made by the ransomware. Thereby, the growing cyber threat hovering over the healthcare industry may have a negative impact on the growth of the healthcare IT outsourcing market in the coming years.

Furthermore, through various business operations, the healthcare industry generates massive amounts of data every day, and this makes it highly challenging to track, store, and retrieve data electronically in an efficient way.

Healthcare IT outsourcing services involve different data processing operations in the areas such as patient records, payment records, and remote monitoring systems. Maintaining high levels of business efficiency across these operations without a robust data storage infrastructure may prove to be a big challenge for stakeholders in the healthcare IT outsourcing market.

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Healthcare IT Outsourcing Market: Region-wise Analysis

Based on the geographical factors, the healthcare IT outsourcing market is broadly divided into seven regions – North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa.

Growing stronghold of global leaders from the healthcare sector in the United States of America (U.S.) is expected to give a stronghold for stakeholders in the healthcare IT outsourcing market in North America. With the largest revenue share in the global market, leading players in the healthcare IT outsourcing market are expected to witness lucrative business opportunities in the region.

In North America, market players with the specialization and expertise in both healthcare and technologies will maintain a competitive edge. The need for innovation in the North American healthcare industry will trigger regional players to invest heavily in research & development activities in the fields of life science, biomedical sciences, insurance, forensic, and disease research.

Stakeholders in the region will also witness immense pressure of mitigating healthcare costs with innovations in application development. This will further trigger innovation in the North American market for healthcare IT outsourcing services.

While the developed regions continue to dominate the global healthcare IT outsourcing market, leading players in developing economies are expected to introduce diverse offerings to strengthen their position on the global platform.

Astonishing growth of the IT industry in emerging economies in Asia Pacific including China, India, Singapore, and Indonesia, is expected to create new opportunities for stakeholders in the healthcare IT outsourcing market. In addition, significantly lower labour costs, manpower, and highly skilled IT resources will boost the growth prospects of the Asia Pacific market for healthcare IT outsourcing in the coming years.

Healthcare IT Outsourcing Market: Competitive Landscape

  • Tata Consultancy Services Limited,
  • Accenture PLC
  • International Business Machines (IBM) Corporation
  • Dell Inc.
  • Wipro Limited
  • Siemens Healthcare
  • Cognizant Technology Solutions
  • Optum, Inc.
  • Hewlett-Packard Company
  • HCL Technologies
  • McKesson Corporation
  • Allscripts Healthcare Solutions Inc.

In November 2019, Tata Consultancy Services (TCS) – an Indian multinational information technology services, consulting, and business solutions company – announced that it has made a decision to expand its partnership with Cardinal Health, Inc. – an American multinational health care services company.

With this partnership, TCS is aiming to transform its IT operating models to help Cardinal Health become a product-centric IT organization. The company will embrace a new operating model with TCS’s Machine-First™ Delivery Model (MFDM™) and Enterprise Agile vision to improve its business agility and gain a competitive edge with continuous innovation.

In March 2020, IBM Watson Health – a division of the International Business Machines Corporation, (IBM), an American multinational information technology company – announced its strategic partnership with EBSCO Information Services (EBSCO) – a leading provider of research databases, e-journals, magazine subscriptions, e-books and discovery service to libraries of all kinds.

The collaboration is announced to be aimed at enhancing the operations and clinical decision support (CDS) for healthcare organizations. Both the companies will combine their respective healthcare IT solutions – DynaMed and IBM Micromedex with Watson to form a single solution suite that can offer evidence-based insights to make clinical decisions.

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Healthcare IT Outsourcing Market: Segment Analysis

The healthcare IT outsourcing market can be segmented on the basis of the following:

End User

  • Hospital Information Systems
  • Pharmaceutical and Life Science Research

Application

  • Insurance
  • Medical Device Software
  • Patient Tracking
  • Remote Monitoring
  • Telemetric Systems

 

Hemostats For Wound Closure Market Forecast with Potential Impact, Despite COVID-19 Pandemic, Finds FMI 2021- 2025

Historically wound types remain the same over the ages with only a slight exception being the emergence of femoral punctures associated with catheterization procedures. But with the advent of newer technologies the practice of closing those wounds are changed.

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These new products are commonly available on hospitals & trauma centers and have wide range of usage area. Among them Hemostat has become a very popular tool to be used as wound closure material with its excellent properties. When applied to a wound, quickly absorbs blood and other body fluids, transforms into a gel to seal the wound with a protective transparent layer, actively aids in stopping bleeding, and creates an environment for wound healing.

Treatment of damaged cardiac tissue in patients with high bleeding tendency can be very challenging. In this category of surgery Hemostat proved to be a very effective with the combination of collagen sponge for the management of a myocardial wound

Topical hemostatic agents and tissue adhesives are used as an adjunct or alternative to standard suturing techniques to control bleeding or for wound closure.

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Hemostats for Wound Closure: Drivers and Restraints

Wound closure has become a very frequent clinical practice which is growing very rapidly. The sophisticated procedures ensure rapid cessation of blood loss, prompt closure, strong adhesion of wound edges, tight sealing, reduced scarring, reduced risk of infection and more rapid healing. There is a pool of patients throughout the world which makes the market of this product is very lucrative. As the price is also very reasonable so acceptance of this product is gradually progressing.

On the other hand some reports come which could restrict the growth. Surgical staples are emerging as the most useful tool on this wound closure segment. Also the market of suture which is there traditionally remains constant if not growing to some parts of the world. Few reports also suggested that patients may suffer with irritation, heat inflammation or redness on skin when hemostat are applied, though its not clear the exact reason for these.

As the market is growing and price is low, so tough competitions will prevail in this segment too.

Hemostats for Wound Closure: Overview

With the rapid technological advancement in healthcare industry the Hemostats is expected to grow at a healthy CAGR in the forecasted period (2015-2025).

Hemostats for Wound Closure: Region-wise Outlook

Geographically, the wound closure products market has been segmented into seven major geographical regions which include North America, Eastern Europe, Western Europe, Asia Pacific exclude Japan, Japan & Latin America, Middle east & Africa. North America contribute the most in this market followed by Europe. With the new product approvals, change in regulatory policies encourages, patient acceptance helps the market to grow. Asia Pacific & Japan pose good growth potential too for wound closure products specially Hemostat.

Hemostats for Wound Closure: Key Players

Wound closure product market is highly fragmented with presence of big & small companies. The market leaders in this area are Johnson & Johnson, Covidien, B. Braun, and 3M.

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The report covers exhaustive analysis on:

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

Regional analysis includes

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

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

Hemostats for Wound Closure: Segmentation

Global market for wound closure products consist of hemostat are mainly driven the use of Fibrin

  • Thrombin based Hemostats
  • Combination Hemostats
  • Oxidized Regenerated Cellulose Hemostats
  • Gelatin Hemostats
  • Collagen based Hemostats

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Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

Security Screening Market 2021, by Services, Company Profiling, Business Revenue, and Growth Opportunities to 2028

Rapid growth in the economy, necessitating increasing expenditure on the national and infrastructural security, will continue to push deployment of reliable and advanced technology enabled security screening systems. While FMI’s analysis identifies an impressive rate of adoption within emerging economies, China, India, and Russia are more likely to be at the forefront of this growth, in the security screening market.

The approximately US$ 7.8 billion market for security screening is highly likely to approach the revenues worth US$ 10 billion in the next two years. As indicated by a newly launched research report by Future Market Insights (FMI), more than half of the total demand for security screening is being accounted by the developed regional markets. East Asia however is cited as the most lucrative market for investors in security screening systems and solutions.

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Airports Generate Maximum Demand for Security Screening, Explosive Trace Detectors Bestselling

Over 2/5th of the global security screening demand is accounted by airports, which will remain the dominant application area for security screening systems manufacturers and suppliers. As government buildings are highly vulnerable owing to the voluminous sensitive information that they procure, public recreation areas such as malls are also cited as the next sensitive area for implementation of effective security screening. Border check points are also expected to emerge lucrative through coming years, in the security screening market.

Explosive trace detectors, currently accounting for nearly 1/4th share of the total sales of security screening systems, will reportedly witness strong growth in demand through the coming years. According to the report, X-Ray screening systems and biometric systems are also highly popular among the end-use application areas in security screening market. The collective market value share of the aforementioned security screening systems is just-under 50% and the report expects attractiveness of the latter to surge – with growing adoption of fingerprint and face recognition technologies.

Smart Security Screening Trending in the Global Market

Looking at the loopholes in current security screening models in terms of efficiency and sustainability, airports have been accelerating the industry’s shift to smart security screening solutions, over the recent past. A combined initiative of Airports Council International (ACI) and the International Air Transport Association (IATA), smart security is emerging as a streamlined solution for airlines, passengers, and their belongings. Recently, Australia’s first-ever smart security screening checkpoint was unveiled at the Melbourne Airport.

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Key Vendor Insights: Global Security Screening Market

Westminster Group PLC, one of the key players competing in security screening market, recently completed the acquisition of Keyguard UK Ltd. The latter is a leading company in the security screening space, providing the blend of manned security and the latest technology enabled security screening systems. The former will now offer packages combining technology and guarding – particularly to the infrastructure security domain. This deal is expected to benefit both the business bases, in form of multiple cross-selling opportunities.

Besides Westminster, FMI’s report covers detailed strategic profiles of some of the most prominent companies operating in security screening market landscape, including American Science and Engineering, Inc., Analogic Corporation, Argus TrueID, Aware Incorporation, Digital Barriers, Mangal Security Systems Ltd., OSI Systems, Inc., Smiths Group plc, LAXTON GROUP, NEXT Biometric, Aratek, NEC Corporation, and Cognitec Systems GmbH.