Market Research Blog

Tech advances in wearable devices and the rising consumer demand for health and fitness solutions are positively influencing manufacturers in the healthcare industry to develop smart devices such as biosensors, insulin pumps and more. According to Future Market Insights (FMI), the demand for wearable medical devices will rise owing to the growing global incidences of chronic ailments. The market is anticipated to reflect a promising rate of growth with approximately 7% CAGR through the end of the forecast period in 2031.

Health and fitness applications are projected to display a relatively high rate of growth. Increasing expenditure by adults on leisure and sports activities are bolstering the demand for product such as the Fitbit. Advances in GPS tracking and Internet of Things will prove beneficial to market players.

Efforts by governments and private health organizations to spread health awareness has resulted in increased focus towards solutions for early diagnostics for underlying conditions. Consequently, advances in wearables allows for real time data collection and analysis. This trend will aid in the expansion of product portfolios, while consolidating market position.

The covid-19 pandemic has brought increased focus on healthcare, and market players are leveraging the crisis to promote their products to aid in analyzing potential patients. In addition, the growing importance of clinical mobility through smart watch devices is expected to gain traction with improvements to biosensor products.

On the other hand, market players will face challenges in the near future, affecting market expansion. High costs of purchasing wearable medical devices limits adoption rates. In addition, concerns over data security remains a challenge for manufacturers that will affect long term growth.

To remain ‘ahead’ of your competitors, request for a sample

Key Companies Profiled:

• Medtronic plc
• Siemens AG
• Fitbit Inc.
• Bayer AG
• Panasonic Corporation
• Animas Corporation – Johnson and Johnson
• Smiths Medical – A Smiths Group Company
• Koninklijke Philips N.V.
• Owlet Baby Care
• OMRON Corporation
• Hoffmann-La Roche Ltd and Rest Devices Inc. (indicative list)

Key Takeaways from Wearable Medical Devices Market Study

• The global demand for wearable medical devices is expected to rise strongly, enabling the market to exhibit a CAGR of nearly 7% in the forecast period from 2021 to 2031.
• Therapeutic wearables will account for more than 50% of the market share owing to rising incidences of diabetes and respiratory disorders.
• Backed by rapidly increasing expenditure on the healthcare sector, the United States will account for major global market share.
• Increasingly favorable setups for reimbursement policies will play a key role in the growth of the U.K. market for wearables through 2021 and beyond.
• Germany will reflect high growth potential on the back of improvements to healthcare infrastructure, fueling demand for wearable medical devices.
• In the Asia Pacific excluding Japan region South Korea and China will emerge as lucrative markets supported by a large potential patient base.

Get a Customized Scope to Match Your Need Ask an Expert- https://www.futuremarketinsights.com/ask-question/rep-gb-826

Wearable Medical Devices Market – Key Segments

Product

• Wearable Monitoring and Diagnostic Devices
• Fetal and Obstetric Devices
  • Wearable Fetal Monitors
  • Infant Motion Sensing Monitors
• Continuous Glucose Monitoring Devices
• Cardiac Monitoring Devices
  • Wearable Heart Rate Monitors
  • Wearable Pulse Oximeters
  • Wearable Blood Pressure Monitors
• Wearable Therapeutic Medical Device
• Hearing Aid
• Insulin Pump
• Respiratory Therapy Devices
  • Sleep Apnea Devices
  • Non-invasive Ventilation
• Health and Fitness Devices

Application

• Patient Monitoring
• Home Healthcare
• Health and Fitness

Distribution Channel

• Hospital Pharmacies
• Clinics
• Online Channels
• Hypermarkets

For critical insights, request for PDF Brochure: https://www.futuremarketinsights.com/reports/brochure/rep-gb-826

Region

• North America (U.S. & Canada)
• Latin America (Mexico, Brazil, Argentina, Chile, Peru, & Rest of LATAM)
• Western Europe (Germany, U.K., France, Italy, Spain, BENELUX, Nordic, & Rest of W. Europe)
• Eastern Europe (Russia, Poland, CIS Countries and Rest of E. Europe)
• Middle East and Africa (GCC Countries, Turkey, South Africa, Israel, & Rest of MEA)
• Japan
• Asia Pacific excluding Japan (China, India, ASEAN, South Korea, Australia, & Rest of APEJ)

The global digital transaction management market revenue totaled ~US$ 2,385.0 Mn in 2021, according to Future Market Insights (FMI). The overall digital transaction management market is expected to reach ~US$ 16,284.8 Mn by 2028, growing at a CAGR of around 31.7% for 2022 – 28.

Digital Transaction Management (DTM) solution is estimated to be nearly 45% of global document management market. Increase in the adoption of digital transformation technologies is the major factor driving the market growth. DTM is the part of the cloud services specially designed to manage the digital document based transactions. Digital transaction management delivers numbers of benefits to the enterprises, which include collaborative document management and optimizing document-based tasks for better customer experience. Enterprises can use DTM solutions in multiple segments, such as HR, sales, finance, IT, legal, and procurement.

Digital transaction management market is growing rapidly, and an increasing number of enterprises and organizations are adopting the solutions. Automotive, manufacturing, BFSI and telecommunication are significant industries adopting the DTM solutions. Also, the digital transaction management developers are focusing on the collaboration with cloud service providers as the potential of digital documents is complemented by cloud computing to perform real-time documents monitoring and debugging.

Click the link to get a free Sample Copy of the Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-5660

Developed countries are working continuously on transforming their paper work into digital means. Nowadays, several regions are receiving investments from companies for the adoption of digital transaction management solutions and services. The governments of several countries are primarily focused on adopting digital transaction management software and tools for security, accessibility, privacy, universality, scalability and interoperability. Companies are working on implementing new technologies, such as electronic signatures and workflow automation, especially in the BFSI and transportation sectors.

To understand and assess the demand and opportunities in the digital transaction management market, the report is categorically split into digital transaction management market analysis by component, vertical, end user and by region. Digital transaction management market analysis by component comprehensively analyses the market on the basis of solutions and services analysis in terms of value for 2018-2028. Digital transaction management market analysis by vertical analyses the digital transaction management market on the basis of retail, BFSI, healthcare, IT & telecommunication, travel & transportation, manufacturing, government and others. Digital transaction management market analysis by end user analyses the digital transaction management market on the basis of large enterprises and small and midsized enterprises.

In 2017, the solutions segment dominated the digital transaction management market followed by the services segment. Moreover, the solutions segment is projected to expand at the fastest CAGR of 30.9% over the forecast period in the digital transaction management market in terms of revenue, followed by the services sub-segments.

The section market analysis by vertical analyses the digital transaction management market based on different segments and data is provided in terms of value for 2018-2028. The retail sub-segment of the digital transaction management market is expected to expand at a significant CAGR of 30.5% in terms of value during the forecast period. In terms of digital transaction management market share, the BFSI segment accounted for a major percentage of the revenue share of the overall digital transaction management market in 2017, and is also expected to dominate the digital transaction management market throughout the forecast years.

Digital transaction management market analysis by region includes an in-depth country-level analysis of all the global regions, namely North America, Latin America, Western Europe, Eastern Europe, SEA & Others of APAC, China, Japan and the Middle East & Africa, as well as countries in these regions, and provides market data in terms of value for 2018-2028 for the digital transaction management market. In 2017, the digital transaction management market in North America dominated the overall global digital transaction management market, followed by the market in Western Europe.

Digital Transaction Management Outlook by Category

By Component:

• Digital Transaction Management Solutions
• Digital Transaction Management Services

By End-User:

• Large Enterprises
• Small and Midsize Business

By Vertical:

• Retail
• BFSI
• Healthcare
• IT & Telecommunication
• Travel & Transportation
• Manufacturing
• Government
• Others

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• China
• Japan
• SEA and Others of APAC
• Middle East and Africa (MEA)

To gain more insights into the market with a detailed table of content and figures, click here: https://www.futuremarketinsights.com/toc/rep-gb-5660

Key players reported in this study on the global digital transaction management market are Adobe Systems Incorporated; Namirial SPA; DocuSign Inc.; Nintex Global Ltd.; HELLOSIGN; ZorroSign, Inc.; AssureSign LLC; ThinkSmart LLC; Kofax, Inc. and eOriginal, Inc.

Key Questions Answered in the Report

• Which region is expected to showcase high demand for digital transaction management?

– China is projected to register strong growth in the market, exhibiting a CAGR of nearly 30.3% from 2022-2028.

• Who are some of the leading companies offering digital transaction management solutions?

-Adobe Systems Incorporated, Namirial SPA, DocuSign Inc., Entrust Datacard Corporation, and OneSpan among others, are the top 5 digital transaction management solution and service providers. They are likely to account for over 25% of the global market.

• In which industries the adoption of digital transaction management growing?

-BFSI segment is expected to dominate the market over the forecast period, generating a maximum revenue among all industries by the end of 2028.

• How much is the global market for digital transaction management worth?

-The market for digital transaction management was valued at ~US$ 2,385.0 Mn in 2021, and is estimated to grow at a steady pace with a CAGR of around 31.7% to reach ~US$ 16,284.8 Mn by 2028.

• What is driving demand for digital transaction management?

– Increase in the adoption of the digital document workflows and collaborative document management across enterprises happens to be the major factor driving the market growth.

The global stainless steel welded pipe market is expected to reach US$ 16.36 Bn in 2021 with a stable long-term projection, according to the latest insights from Future Market Insights, ESOMAR-certified research and consulting firm. The report offers an analysis of 20+ high-growth markets, providing detailed insights on the stainless steel welded pipe market’s growth in the next decade.

Demand for stainless steel welded pipes decelerates as operations across construction, automotive, water supply and distribution, oil and gas, petrochemical and fertilizers, power generation, and other sectors were hampered amid the COVID-19 outbreak. However, considering the possibility of a stimulus for infrastructure projects in many countries, the long-term outlook of the market remains positive.

Get | Download Sample Copy with Graphs & List of Figures: https://www.futuremarketinsights.com/reports/sample/rep-gb-7392

The surge in demand for stainless steel welded pipes from applications such as oil and gas will remain a chief growth driver due to the presence of oil rigs all over the globe. For the transportation of the fluid from one place to another, a large quantity of pipes is required, which will drive the sales in the market. The same applies to the water supply and distribution segment because the demand is expected to surge amid the rising need for an uninterrupted water supply.

The replacement of old pipes with new stainless steel welded pipes can also provide a boost in the sales of stainless steel welded pipes. The substantial increase in the demand from the supplier side and from the end-use industries across the globe is propelling the stainless steel welded pipe market growth.

The use of stainless steel welded pipes in construction and automotive and power generation applications will create solid opportunities for growth. According to FMI, the construction sector is expected to account for nearly 29% of sales in the market by 2031. Investment in residential, commercial, and infrastructural construction projects will increase in the future, paving way for the expansion of the market.

Stainless Steel Welded Pipe Market Key Takeaways

• The stainless steel welded pipe market is expected to grow at 4.6% CAGR between 2021 and 2031
• Investment in construction projects will remain a chief growth driver in the U.S., enabling it to account for nearly 72% of sales in North America
• Focus on improving public infrastructure will drive growth in the U.K. market at 5.5% CAGR between 2021 and 2031
• India is expected to register increasing investment in water supply and distribution to ensure safe drinking water to all citizens and support industrialization. This will create attractive opportunities for stainless steel welded pipe sales
• China will emerge as a highly lucrative market in East Asia, accounting for maximum sales of stainless steel welded pipes

“As competition continues to grow, companies operating in the market are likely to adopt strategies for strengthening their global footprint. Besides expanding operations across emerging nations, they are likely to focus on launching better quality stainless steel welded pipes to gain competitive edge” says FMI analyst.

The stainless steel welded pipe market is likely to grow at a moderate pace during 2021-2031. However, as it is a matured market, companies are expected to concentrate further on research and development activities to develop more in the field of construction, oil & gas, and water supply and distribution, majorly focusing on the outer diameter required for the specific applications. Collaboration with local players and developing new technology in the form of advanced stainless steel welded pipes is a prime strategy expected to increase in popularity in the forecast period.

Request a Complete TOC of this Report with figures: https://www.futuremarketinsights.com/toc/rep-gb-7392

Will Growing Automotive Industry Propel the U.S? Market Growth?

The U.S. stainless steel welded pipe market is expected to rise at 4.4% CAGR between 2021 and 2031. The growth forecast for the U.S. market remains positive on account of the increasing demand from the automotive industry and construction industry. The U.S. automotive industry not only produces vehicles for domestic sales, but also exports vehicles, and to fulfill the demand auto industry players have to manufacture efficiently. Stainless steel welded pipes are used for making mufflers and exhausts in the automotive industry, which propels the growth of the stainless steel welded pipe market in the United States.

How is Germany relevant to the Stainless Steel Welded Pipe market?

After a brief period of declining growth in 2020, the German market is expected to register 4.3% y-o-y growth in 2021. The German stainless steel welded pipe market will witness an appreciable growth on account of the increasing demand from the automotive and aerospace industries. Germany comes under the tag of the top 10 steel-producing countries with a market volume of 39.7 Million Tons in 2019. Stainless steel which is made in Germany is also very popular in sales due to its lower carbon content and is softer which makes them more durable than American grade Stainless Steel.

Stainless Steel Welded Pipe Market Segmentation

By Grade

• 300 Series
  • 304, 304L & 304H
  • 309 & 310S
  • 316, 316L, 316H, 316TI
  • 321/321H
  • 347/347H
• 400 Series
  • 409
  • 410/410S
• 900 Series
• Nickel Alloy Grade
  • Duplex 2205
  • Duplex 2207

By Application

• Construction
• Automotive
• Water Supply and Distribution
• Oil and Gas
• Petrochemical and Fertilizers
• Power Generation
• Others

By Outer Diameter

• 4 – 36mm
• 36 – 60 mm
• 61 – 150 mm
• 151 – 500 mm
• 500 – 1000 mm

By Region

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

Stainless Steel Welded Pipe Market Competitive Landscape

The market is fragmented, with key players accounting for approximately one-fifth of the market share. These players are likely to invest in new technology developments and the expansion of their networks to maintain their market shares. Some of the key players in the market are Marcegaglia, Sosta GmbH & Co. KG, ArcelorMittal S.A., Nippon Steel, Hyundai Steel Co., Ltd, Sandvik AB, Shanghai Metal Corporation, FROCH ENTERPRISE CO., LTD., F.E.R. Fischer Edelstahlrohre GmbH, YC Inox, JFE Steel Corporation, CSM TUBE spa, Guangzhou Pearl River Petroleum Steel Pipe Co., Ltd., Guangdong Lizz Steel Pipe Co, Ltd., Foshan Zhongde Stainless Steel Co., Ltd. & others.

For More Information or Query or Customization Before Buying, Visit: https://www.futuremarketinsights.com/customization-available/rep-gb-7392

Get Valuable Insights into Stainless Steel Welded Pipes Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global stainless steel welded pipes market, presenting historical demand data (2016-2031) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the market based on grade (300 series, 400 series, 900 series, and nickel alloy grade), application (construction, automotive, water supply & distribution, oil & gas, petrochemical & fertilizer, and power generation), an outer diameter (4 – 36 mm, 36 – 60 mm,  61 – 150 mm, 151 – 500 mm, and 500 – 1000 mm) across seven major regions.

Several traditional techniques such as pasteurisation, heat treatment, and sterilisation have long been used to improve the shelf life of milk. One of the newest alternatives to heat treatment is microfiltration that reduces bacteria and improves the shelf life of dairy products, while also preserving the basic taste. Adoption of membrane microfiltration in milk is one of the trends being witnessed in the global market, according to a new research study on the global membrane microfiltration market by Future Market Insights. An increasing adoption of ceramic microfiltration membranes for cross flow filtration in water plants is another key trend, as ceramic membranes help maintain a high filtration rate and ensure enhanced savings in membrane replacement costs.

(Logo: https://mma.prnewswire.com/media/677274/Future_Market_Insights_Logo.jpg )

Manufacturers in the membrane microfiltration market are producing robust microfiltration systems using large filter cartridges that occupy lesser space and eliminate the number of filtration system connections, thereby reducing maintenance costs. A preference for continuous fermentation over batch processing is also being observed, with manufacturers increasingly deploying membrane microfiltration technology in their plants. These trends are likely to positively impact revenue growth of the global membrane microfiltration market in the coming years. According to Future Market Insights forecasts, sales revenue in the membrane microfiltration market is anticipated to cross US$ 8 Bn by 2028, from an estimated value of about US$ 3.8 Bn in 2018. A decadal growth rate of 7.8% can be attributed to several factors, of which Future Market Insights throws deeper insights in this research study.

Request a Sample Report with Table of Contents and Figures: https://www.futuremarketinsights.com/reports/sample/rep-gb-5402

Increasing Applications in Industrial Biotechnology and Widespread Use of Large Molecule Biopharmaceuticals Pushing Revenue Growth of the Global Membrane Microfiltration Market

Membrane microfiltration is finding application in the production of biofuel and bio refineries are incorporating this technology to lower the overall energy costs and reduce industrial bio waste. Membrane microfiltration is also increasingly used in biodiesel processes where this technology is used to reuse water especially in areas of water scarcity. The rising industrial applications of membrane microfiltration are fuelling revenue growth in the global market. Also, filtration is a critical component of biopharmaceuticals production, and membrane microfiltration is widely used to remove cellular debris and other cellular colloids. With a growing adoption of large molecule biopharmaceuticals owing to their therapeutic properties, the demand for membrane microfiltration technology in the production of biopharmaceuticals is expected to surge in the near future.

Membrane microfiltration is also extensively used in the food and beverages industry as a technology to separate and purify components and improve the quality and yield of food products. An increasing use in vegetable and fruit juices, fermented dairy products, milk and dairy products, non-alcoholic beverages, and other food and beverage products is expected to spur revenue growth of the global membrane microfiltration market to a significant extent. One of the other critical application areas of membrane microfiltration is in water treatment plants. Membrane microfiltration helps remove unwanted particles from water before the water is treated for purity using other processes such as reverse osmosis. A growing need for quality potable water is further driving growth of the membrane microfiltration market.

Preview Analysis Global Membrane Microfiltration Market Segmentation by Material Type (CrossFlow Membranes, Direct Flow Membranes); By Application (Biopharmaceutical Processing, Water Treatment Application, Dairy & Food Processing, Chemical Application, Others): https://www.futuremarketinsights.com/reports/membrane-microfiltration-market

Future Market Insights Recommends…

With newer applications of membrane microfiltration coming to the fore, Future Market Insights feels there is a great deal of opportunity for key players operating in the global market. Water treatment and food and beverages are two important end-use application areas that manufacturers can target with their advanced solution offerings. China is projected to be the fastest growing regional market for membrane microfiltration in terms of demand for the technology, and manufacturers would be well advised to focus on this region to augment their market share. By setting up robust supply chains in regions that are anticipated to develop at a faster pace in the coming years, manufacturers can benefit from the lucrative opportunities presented by local markets to up their current standing in the global membrane microfiltration market.

Our advisory services are aimed at helping you with specific, customised insights that are relevant to your specific challenges. Let us know about your challenges and our trusted advisors will connect with you: https://www.futuremarketinsights.com/askus/rep-gb-5402

More from FMI’s Healthcare, Pharmaceuticals and Medical devices:

• Mobile Gamma Cameras Market Segmentation By Product Type ( Single Head Gamma Cameras, Double Head Gamma Cameras, Triple Head Gamma Cameras, Hand Held Gamma Camera); By Indication Type (Cardiac Imaging, Breast Imaging, Hepatobiliary Imaging, GI Imaging, Renal Imaging, Brain Imaging, Others); By End User (Hospital, Ambulatory Surgical Centers, Cancer Research Institutes, Specialized Clinics): https://www.futuremarketinsights.com/reports/mobile-gamma-cameras-market
• Western Blotting Processors Market Segmentation By product type (Automated Dry Blotting Systems, Semi-Dry Blotting Systems, Traditional Wet Transfer Blotting Systems); by Application Type (Agricultural Application, Food & Beverages, Medical Diagnostics, Scientific Research, Other Applications); by End user Type (Diagnostic laboratories, Pharmaceutical and Biotechnology Companies, Research & Academic institution, others): https://www.futuremarketinsights.com/reports/western-blotting-processors-market
• Hearing Implant Market Segmentation By Product types (Cochlear Implants, Middle Ear Implants, Bone conduction Implants, Auditory brainstem implant); End users type (Hospitals, ENT clinics, Ambulatory Surgical Centres): https://www.futuremarketinsights.com/reports/hearing-implants-market

According to a new research study by Future Market Insights (FMI), the process liquid analyser market is slated to reach a valuation of about US$4 Bn by 2028. From an estimated value of just under US$2.4 Bn in 2018, this indicates a decadal growth rate of 5.8% from 2018 to 2028. Mass urbanisation across the globe brought about by rapid industrialisation has resulted in a sustained need for clean, potable water and wastewater treatment.

The governments of emerging economies, particularly in the Asia Pacific, are beefing up investments in water and wastewater treatment infrastructure to meet the rising demands of the population. Future Market Insights predicts a lucrative opportunity for new revenue generation in the process liquid analyser market as a direct consequence of these investments.

To remain ‘ahead’ of your competitors, request for a sample @
https://www.futuremarketinsights.com/reports/sample/rep-gb-534

Process Liquid Analyzer Market: Drivers and Trends 

The global process liquid analyzer market is expected to witness a robust growth rate in the coming years. The unique benefits offered by process liquid analyzers for process integrity management and product quality control are driving the process liquid analyzer market across the globe.

Additionally, the increasing demand from end-use sectors, particularly water treatment, food & beverage and chemical, is also aiding the market growth of process liquid analyzers. While countries such as the U.S., the U.K., Germany, and China have solid demand for process liquid analyzers, new growth avenues are opening up in regions such South East Asia Pacific and the Middle East & Africa as well.

Process Liquid Analyzer Market: Market Participants 

Some of the prominent players reported in the global process liquid analyzer market study include Emerson Electric, Yokogawa Electric, Endress+Hauser and Danaher Corporation (Hach), among others. New product launches, expansion of manufacturing and sales footprint and acquisitions are some of the key developments observed in the global process liquid analyzer market.

Key Segments Covered

By Technology,

• NIR Based
• NMR Based
• ECD Sensor Based
• Laser Based

By Liquid Medium,

• Water
• Oil
• Other Chemicals & Liquids

For critical insights on this market, request to ask an expert here @
https://www.futuremarketinsights.com/ask-question/rep-gb-534

By Product,

• pH & ORP (Oxidation-Reduction Potential) Analyzers
• Conductivity Analyzers
• MLSS (Mixed Liquor Suspended Solids) & Turbidity Analyzers
• Liquid Density Analyzers
• Chlorine Analyzers
• Dissolved Oxygen Analyzers
• Total Sulfur & Nitrogen Analyzers
• Oil in Water Analyzers
• TOC Analyzers
• Heavy Aromatics Analyzers

By Display,

• Analog
• Digital

By End Use,

• Oil & Petrochemicals
• Water & Wastewater Treatment
• Food & Beverages
• Chemicals
• Medical & Pharmaceutical
• Others

By Region,

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

Revenue Pullers in the Process Liquid Analyser Market

While the need to enhance industrial operational efficiencies and ensure consistent integrity of industrial processes is driving the process liquid analyser market, there are certain factors that are restricting revenue growth. Process liquid analysers come with very low replacement rates, requiring the replacement of the product after a span of several years. Product longevity acts as a bane in subsequent replenishments, thereby restraining replacement revenue growth to some extent. Then again, the initial setup costs associated with process liquid analysers could be very high, depending on the end-use application. Complex process liquid analysers used in some of the crucial industrial processes may require high capital investments. This factor is also expected to act as a hindrance to revenue growth of the global process liquid analyser market.

For More Information or Query or Customization Before Buying, Visit:
https://www.futuremarketinsights.com/customization-available/rep-gb-534

FMI Projections and Forecasts of the Process Liquid Analyser Market

• The process liquid analyser market is estimated to generate incremental $ opportunity to the tune of about US$ 1.8 Bn in the next 10 years
• Process liquid analysers deploying NIR technology are slated to have the widest application
• TOC analysers to dominate the global market through 2028; pH & ORP analysers to witness fastest growth owing to increasing application across several end-use industries
• Process liquid analysers with digital displays to hold largest market share in the coming decade
• Demand from the water and wastewater treatment sector will witness fastest growth during the period 2018 – 2028; this is also the largest revenue generating end-use sector in the global market
• North America to remain dominant regional market for process liquid analysers through 2028; China and India to remain top regional markets in terms of demand for process liquid analysers

Dry Vacuum Pumps Market report by TMR comprises an elaborated executive summary that offers a snapshot of the market undercurrents, it lists succinct information on drivers, trends, challenges, competition, and regional analysis.There is a continuous thrust on renewable power production across the globe, in the wake of global warming and a sustained need to protect the environment. Regions such as North America, Europe, and Asia Pacific are engaged in the production of renewable power through alternate sources such as solar energy. The governments of several countries across the world are encouraging private players to create sustainable, green power through solar and other forms of renewable energy and are also offering tax and other incentives to promote the generation of solar power. This has led to a sudden increase in the number of solar plants and projects globally, thereby driving the production of solar panels. This is set to fuel the demand for dry vacuum pumps, according to a recent market intelligence outlook published by Future Market Insights (FMI).

Request a Complete TOC of this Report with figures: https://www.futuremarketinsights.com/toc/rep-gb-3686

In this new report on the global dry vacuum pumps market, FMI predicts revenue from the sales of dry vacuum pumps to reach US$ 1,680.8 Mn by the end of 2018 and this is expected to increase to US$ 3,070.1 Mn towards the close of 2028. The global dry vacuum pumps market is slated to register a growth rate of 6.2% during the decade 2018 to 2028.

Steady and Growing Demand from the Electronics and Semiconductor Sectors to Augur Well for the Dry Vacuum Pumps Market

Growing infrastructural activities across the globe are directly favouring the demand for pumps. The electronics and semiconductor industries have witnessed rapid revenue growth over the last few years, with an increasing focus on the manufacturing of semiconductor and electronic components and equipment. This has led to an increase in demand for dry vacuum pumps from these industries, especially in the production of micro-electronics and chips. Manufacturers of semiconductor and electronic components such as Panasonic, Samsung, Meiko Electronics, Saigon Semiconductor Technology, and Taiwan Semiconductor Manufacturing Co. are setting up production plants in developing regions to benefit from cost competitiveness. Local governments across several developing countries such as Brazil, India, and ASEAN countries are focused on increasing foreign direct investments in the manufacturing sector. This is expected to boost sales of dry vacuum pumps in the coming years.

Opportunity Assessment of the Dry Vacuum Pumps Market

Future Market Insights has conducted an extensive opportunity assessment of the global dry vacuum pumps market for the 10 year period 2018 to 2028. One of the key opportunity areas in the global market for dry vacuum pumps lies in the strategic investments being made globally across the pharmaceutical industry. Demand for dry vacuum pumps is steadily increasing from the pharmaceutical industry in developing countries such as Indonesia, India, Brazil, and China. Further, there is a lack of local manufacturers of dry vacuum pumps in developing economies, with the top manufacturers based in Japan, U.S, Germany, and certain other European countries. This scenario presents lucrative growth opportunities for global manufacturers of dry vacuum pumps to establish production facilities in developing economies. Setting up bases in developing regions will help manufacturers benefit from better economies of scale, given the low production and labour costs in developing countries.

Download Your Sample Copy of This Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-3686

Key Segments Covered

By Product Type,

• Dry Screw Vacuum Pump
• Dry Scroll Vacuum Pump
• Dry Diaphragm Vacuum Pump
• Dry Claw and Hook Pump
• Others (Dry Lobe Vacuum Pump, and Dry Rotary Vane Vacuum Pump)

By End Use,

• Electronics & Semiconductor Industry
• Pharmaceutical Industry
• Chemical Industry
• Others (Printing Industry, Packaging Industry, Food and Beverages Industry)

By Region,

• North America
• Latin America
• Western Europe
• Eastern Europe
• Middle-East & Africa (MEA)
• China
• Asia Pacific excluding China (APEC)

Low-cost Chinese Products and Lack of Skilled Labour in Developing Regions to Restrict Revenue Growth of the Global Dry Vacuum Pumps Market

The global market for dry vacuum pumps is disrupted by several players from China who offer products at very low prices. Owing to the increasing price pressure from these companies, leading global players are striving to offer high-quality dry vacuum pumps that are more reliable and efficient at highly competitive prices. This price sensitive nature of the global market is expected to restrain revenue growth in the coming years. The dry vacuum pumps markets in the Latin America and SEA regions suffer from a very high dependency on imports from other regional markets, owing to a lack to talented and experienced local vacuum technology professionals. This is leading to a stagnancy in revenue growth of the global dry vacuum pumps market to a certain extent.

Ask us your Any Queries About this Report: https://www.futuremarketinsights.com/askus/rep-gb-3686

About Industrial Automation Division at Future Market Insights

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

To understand the other revenue push and pull factors impacting the global dry vacuum pumps market, write in to Future Market Insights analysts at press@futuremarketinsights.com