Market Research Blog – Page 15811 – New Product Development

Power Tools Market Competitive Growth Strategies Based on Type, Applications, End User and Region

The global power tools market is expanding at a significant rate on the back of consumer inclination towards cordless power tools. This is anticipated to remain the key defining factor in the power tool market. As per Future Market Insights (FMI) analysis, the global power tools market is expected to reach US$ 33.36 Bn in 2021. The demand is expected to soar as construction activities surge around the world. According to FMI, construction applications will account for maximum sales in the market through the forecast period. Besides this, the rising trend of do-it-yourself activities will fuel sales opportunities for the market.

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The global power tools market size is expected to reach US$ 33.36 Bn in 2021. Increasing sales of cordless power tools will drive growth in the power tools demand by 5.1% CAGR between 2021 and 2031.

As per the latest Future Market Insights (FMI) analysis, demand for electric power tools and portable power tools will rise exponentially in the coming years. Soaring application in automotive, construction, aerospace and other industries also will create demand for handheld and pneumatic power tools.

The report also predicts power tools sales to constitute nearly 7% to 8% of the global tooling industry.

Key Takeaways of Global Power tool Market Study

The power tools market will exhibit growth of 0.2% in 2021 over 2020 to reach 4,3%
The overall outlook remains positive as FMI forecasts the market to rise at ~5.1% between 2021 and 2031.
The U.S. is expected to spearhead growth in North America, accounting for over 62% of the overall share in the region in 2021
The U.K. is expected to exhibit 4.6% year-on-year growth between 2021 and 2031
Outlook for Italy and France is expected to remain positive over the forecast period

“The power tools market is witnessing a strong growth trend, attributing to increasing demand from various end use industries. Key industry participants are focusing on developing partnerships with regional distributors in order to gain a competitive advantage in the evolving global market. To comply with the advent of online sales channel, adoption of e-commerce will create extensive opportunities for market participants during the forecast period.” says FMI analyst.

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By Segmentation:

Product Type

Drilling Tool
Fastening Tool
Heat Gun
Angle Grinder
Chain Saw
Orbital Sander
Jigsaw
Impact Wrench
Circular Saw

Technology

Electric
- Corded
- Cordless
Pneumatic

Application

Manufacturing
- Metal Fabrication
- Automotive
- Railways
- Aerospace
- Furniture
- Others
MRO Services
- Facility Management
- Automotive
- Aerospace
- Other Industrial
DIY
Construction

Sales Channel

Online
Offline

Region

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

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Global Power tool Market Competitive Landscape

The global power tools market is a highly competitive market owing to the presence large number of global and regional players operating in the market. Manufacturers are focusing on research and development for innovative improvements in their product portfolio, expansion in untapped markets coupled with developing their business via e-commerce platforms to gain a competitive edge. Some of the leading manufacturers of the power tool market are Robert Bosch GmbH, Stanley Black & Decker Inc., Makita Corporation, Techtronic Industries Company Limited, Koki Holding, Co., Ingersoll Rand Inc., Apex Tools, Hilti Corporation, Snap-on Incorporated, among others.

Heat Induction Cap Liner Market poised to surge at above 5% CAGR between 2020 and 2030

The rising demand for technologically advanced packaging is aiding the expansion of the heat induction cap liners market. Future Market Insights (FMI) has forecast the market to record accelerated pace of gains backed by the rising demand for packaged food and drinks.

Heat induction cap liners are integral to packaging designs for bottles and jars. These liners help in preventing leakage, keeping contents inside fresh for a longer period of time. Induction cap liners are manufactured to offer advanced tamper-proof characteristics to packages.

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They serve as excellent barriers to leakage, improving the shelf life of product within. These liners can be used in a variety of bottles and jars and are therefore used increasingly across industries such as food and beverages, pharmaceuticals, personal care and cosmetics.

FMI’s study on the heat induction caps liners is intended to discover hidden opportunities within the market. It identifies the most lucrative pockets and warns companies against potential threats. Some of the key takeaways from the report are:

The heat induction cap liners market is poised to surge at above 5% CAGR between 2020 and 2030
Among materials used, plastic will account for more than half of the market. Paper however will constitute the fastest growing segment
While demand in pharmaceutical packaging is forecast to surge, the food segment will continue leading the market through the forecast period
Macroeconomic factors rising willingness to spend and focus on environmental impacts will augur well for the market
North America is likely to remain a key market through the course of the forecast period

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The heat induction cap liners market is poised to surge at above 5% CAGR between 2020 and 2030
Among materials used, plastic will account for more than half of the market. Paper however will constitute the fastest growing segment
While demand in pharmaceutical packaging is forecast to surge, the food segment will continue leading the market through the forecast period
Macroeconomic factors rising willingness to spend and focus on environmental impacts will augur well for the market
North America is likely to remain a key market through the course of the forecast period

Key Segments

Material

Paper
- Paperboard
- Cartonboard
Plastic
- Polyethylene (PE)
- Polyethylene Terephthalate (PET)
- Polypropylene (PP)
- Other Plastics
Metal (Foil)
Rubber

Application

Bottles
Jars

End Use

Food
- Dairy products
- Vegetable/Mineral Oils
- Bakery & Confectionery
- Liquid Food
- Others (Cereals & Grains, etc.)
Beverage
- Alcoholic
- Non-Alcoholic
Pharmaceutical
Cosmetics & Personal Care
Homecare
Chemical & Fertilizers
Others

Regional Outlook

North America (U.S., Canada)
Latin America (Mexico, Brazil, Rest of LATAM)
Europe (Germany, U.K., France, Italy, Spain, Poland, Russia, Rest of Europe)
East Asia (China, Japan, South Korea)
South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
Oceania (Australia, New Zealand)
Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

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About Future Market Insights (FMI)

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

Contact:
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1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
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United Arab Emirates
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India Power Tool Market Competitive Growth Strategies Based on Type, Applications, End User and Region

Power tools utilise a power source mechanism, which is different from the ones used for manually operated tools. Power tools are used for construction and gardening, household tasks, for drilling, cutting, shaping, sanding, grinding, routing, polishing, painting and heating. Power tools are categorised on the basis of power source into electric power operated tools (circular saws and drill machines), pneumatic power tools (jack hammers, chippers and compressed air guns), liquid fuel (gas), powered tools (saws), hydraulic power tools (jacks) and powder-actuated tools (nail guns).

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India power tools market is anticipated to register healthy CAGR of 8.9% in terms of value, and 9.5% in terms of volume over the forecast period (2016–2026). Growth of the power tools market in terms of revenue is attributed to various factors, regarding which FMI offers detailed insights in the report.

The power tools market in India is anticipated to register a Y-o-Y growth of 6.7% by end of 2016, and is estimated to reach INR 3,532.8 Crore in terms of revenue. Growing industrialisation and widespread availability of wide range of power tools will continue to drive growth of the India power tools market. The markets in South and North India are estimated to collectively dominate the India market.

The India power tools market is expected to witness increasing demand for industrial power tools as compared to household power tools. Industrial power tools segment is anticipated to contribute over 55.8% in terms of revenue to the market; whereas household power tools segment is expected to account for 44.2% in terms of value share by end of 2016.

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The markets in South India and West India represent highest penetration of power tools, owing to concentration of a large number of industries. South and North India markets are expected to expand significantly in terms of revenue as compared to moderately thriving East India and North India markets.

By Segmentation:

The subsequent sections analyse the India power tools market on the basis of end-use, mode of operation and region, and presents a forecast for the period, 2016–2026. The market is segmented as follows:

By end-use

Industrial Power Tools
Household Power Tools

By mode of operation

Electric
Pneumatic
Others

By country

North India
South India
East India
West India

On the basis of region, the market is segmented into North India, South India, East India and West India. With large number of industries concentrated in the region, the market in South India and West India is expected to account for maximum demand for power tools over the forecast period. Market in South India is expected to account for 38.2% of the total India market by the end of 2026. Market in North India is estimated to be growing rapidly, expanding at a CAGR of 9.7% over the forecast period.

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Competitive Analysis:

Major global players in the India power tools market include Atlas Copco AB, Snap-on International, Techtronic Industries Co. Ltd., Danaher Corporation, Actuant Corporation and SKF AB. Key regional players include Stanley Black & Decker, Hitachi Koki Co. Ltd., Makita Corporation, Robert Bosch GmbH and Kulkarni Power Tools.

The report includes market share analysis of the existing international, China-based and domestic players in the market. The report also profiles both global and domestic players in the India power tools market.

Nasal Spray Market is expected to expand at a moderate CAGR of over 6.1% over the next ten years, and be valued at more than US$ 3.21 Billion by 2030

[250 Pages Report] Nasal Spray Market is expected to expand at a moderate CAGR of over 6.1% over the next ten years, and be valued at more than US$ 3.21 Bn by 2030-end. As per product, the demand for nasal steroid spray will remain considerably high, accounting for the leading share in the market though the course of the forecast period.

Future Market Insights (FMI) has forecast positive outlook for the nasal spray market in a recent study. The rising cases of allergic rhinitis and the demand for better accuracy in drug delivery are identified as chief growth drivers. Growth is expected to remain bullish as various countries showcase high healthcare spending.

According to a study by the Research and Development (RAND) Review blog published in 2017, nearly 60% of Americans have at least one chronic health condition, which often results in accelerating healthcare spending each year. With the incidence of chronic ailments and resultant spending on healthcare projected to spur, nasal sprays market will have positive growth on cards.

As per the report, the market’s overall valuation is likely to surpass US$ 15 Bn by 2021. Growth will continue at a positive rate, thanks to recent approvals to nasal migraine and hormonal therapies.

Among products available, nasal steroid spray will prove exceptionally lucrative, accounting for over 42% of sales in the market. Besides their improving availability, potential to offer relief from nasal allergies and hay fever will drive growth in the category

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Key Players:

Astra Zeneca Plc.
Cipla Ltd.
Johnson & Johnson Services, Inc. (Johnson & Johnson Pacific Pty Limited)
Glaxosmithkline Plc.
Novartis International AG
Procter & Gamble
Sanofi S.A. (Sanofi-aventis LLC.)
Boehringer Ingelheim GmbH
AdvaCare Pharma
Bayer AG (Bayer Consumer Health
Covis Pharma S.a.r.l.
Nipro Corporation (NIPRO JMI Pharma Ltd.)
Viatris Inc. (Meda Pharmaceuticals Inc.)
Perrigo Company plc
AptarGroup, Inc.
Berry Global, Inc.
URSATEC GmbH
Gerresheimer AG
Bona
Avantor, VWR International, LLC
Spectrum Laboratory Products, Inc. (Spectrum Pharmacy Products)
SKS Bottle & Packaging, Inc.
Coster Tecnologie Speciali S.p.A

nasal sprays market key regions and formulation mekko chart, 2021

Key Takeaways from Nasal Spray Market Study

Rising at above 6% CAGR between 2021 and 2031, nasal sprays market will report consistent surge in demand
The market in the U.S. is projected to a fast-growing one, accounting for more than 90% share in the North America market
Government spending on healthcare has created a conducive environment for growth in the U.K.
Germany will emerge as a leading market for nasal sprays sales in Europe backed by increasing healthcare spending and presence of leading manufacturers
Focus on health and wellness will continue rising in Japan and South Korea, driving nasal spray sales in East Asia

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Government Initiatives toward Nasal Spray Consumption

Governmental support for ongoing clinical research, consumption of Nasal Spray, and restricting misuse have favoured growth in demand for Nasal Spray. For instance, there has been a call for rise in production capacity of budesonide nasal spray which shortens COVID19 recovery time.

Since, nasal sprays are also used for depression patients, the market is likely to grow highly.

Who is Winning?

Nasal spray manufacturers with patented drugs are successfully allocating their distribution rights to local companies that are operational in the pain management business. This strategy provides momentum to the growth of these companies’ business, owing to strong demand for generic drugs.

For instance, In November 2019, Sandoz announced that it has entered into a binding agreement for the planned acquisition of the Japanese business of Aspen Global Incorporated (AGI), a wholly owned subsidiary of Aspen Pharmacare Holdings Limited.

Nasal Spray Market by Category

Product

Decongestant Sprays
Nasal Steroid Sprays
Nasal Antihistamine Sprays
Nasal Cromolyn Sodium Sprays
Nasal Anticholinergic Sprays
Nasal Triamcinolone Sprays

Formulation

Aqueous
Hydroalcoholic
Nonaqueous-Based Solution
Suspension
Emulsions
Dry Powder/Micro particles

Packaging

Pressurized Canisters
Pump Bottles

Distribution Channel

Institutional Sales
- Hospitals
- Community Clinics
- Specialty Clinics
- Public Health Agencies
- Veterinary Hospitals & Clinics
Retail Sales
- Retail Pharmacies
- Drug Stores
- Mail Order Pharmacy

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Region

North America
Latin America
Europe
South Asia
East Asia
Oceania
MEA

About Future Market Insights (FMI)

Contact:
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com/

“

Centrifugal Pumps Market Competitive Growth Strategies Based on Type, Applications, End User and Region

Global sales of centrifugal pumps are set to be valued at over US$ 29 Bn in 2021, with a steady long-term projection, according to the latest insights by Future Market Insights (FMI). The report estimates the market to expand at 4.6% CAGR from 2021 to 2031. In the centrifugal pumps market, the industrial and domestic segments totaled US$ 24.3 billion for 2021, according to the annual market analysis conducted by FMI.

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Manufacturers need to evaluate life cycle costs and facilitate smart buying decisions. Centrifugal pump manufacturers need to analyze the cost of energy and return of investment for centrifugal pumps compared to purchase and installation costs.

Key Takeaways from Centrifugal Pump Market Study

Multi-stage pumps are expected to hold over 50% of the global market share, supported by heavy-duty requirements of the oil and gas sector.
Water and wastewater applications are projected to hold over a third of the overall market share by 2031-end, aided by infrastructure investments in emerging economies.
The market in South Africa is projected to expand at a CAGR of around 5%, while that of Mexico accounts for approximately 4%, through 2031.
The markets in India and South Korea are set to surge at a higher than 5% CAGR over the coming decade.
Germany will hold the lead in Europe with a valuation of over US$ 1.2 Bn in 2021. Major investments in the natural gas sector will provide impetus.

“Developing nations are exhibiting high demand for centrifugal pumps for industrial and commercials applications, driven by rising investments into water and wastewater infrastructure by governments. This will enable growth in the overall market through 2031,” says a Future Market Insights analyst.

Competitive Landscape

The centrifugal pumps market is highly consolidated, with key players accounting for more than four-fifths of the market share. These players are likely to invest in technology developments and the expansion of their networks to maintain their market shares.

Some of the key players in this industry include but are not limited to Ebara Corp., Xylem Inc., Sulzer AG, KSB Group, Flowserve Corp., and Kirloskar Brothers.

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By Segmentation:

By Product Type:

Single Stage Pump
- Small
- Medium
- High
Multi-Stage Pump
- Small
- Medium
- High
Axial & Mixed Flow Pump
- Small
- Medium
- High
Submersible Pump
- Small
- Medium
- High
Seal Less & Circular Pump
- Small
- Medium
- High

By Application Type:

Industrial Centrifugal Pumps
- Oil & Gas
- Chemical
- Water & Wastewater
- Food & Beverage
- Pharmaceutical
- Power
- Others
Agricultural Centrifugal Pumps
Domestic Centrifugal Pumps

By Region:

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

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FMI predicts healthy growth in the oil and gas industry, particularly in economies such as China, the U.S., the Middle East, and Africa. Centrifugal pumps are important for ensuring accurate and repeatable transportation and pumping operations in the industry. As a result, the rise in oil and gas sector activities around the world is driving demand for centrifugal pumps.

Walk-in Coolers and Freezers Market Competitive Growth Strategies Based on Type, Applications, End User and Region

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

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The global walk-in Coolers and Freezers market was valued at ~US$ 8 Bn in 2019.
The walk-in Coolers and Freezers market is anticipated to witness robust growth with a CAGR of ~5% over the forecast period of 2019–2029.
South Asia and East Asia markets are expected to remain prominent regional markets in the global walk-in Coolers and Freezers market.
- Rapid urbanization in India and China increased in commercial restaurants and retail food outlets chain in the region, which is expected to drive the sales of walk-in Coolers and Freezers market.
The South Asia market is expected to lead the walk-in Coolers and Freezers market in terms of CAGR growth, registering a growth of ~7% CAGR over the forecast period.
- The growth is primarily driven by growing retail food outlets and franchises, cold storage warehouses, and restaurant chains in India and other ASEAN countries.
The commercial kitchen & restaurants segment is anticipated to create prominent demand for walk-in coolers & freezers, followed by retail food & beverage outlets.

Gains Remain High from Commercial Kitchens & Restaurants

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

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

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Steady Gains Ensued by Norms and Trade

Environmental concerns top the list when it comes to cooling technologies. Sensing the urging requirement for sustainable solutions, manufacturers are investing in R&D for low GWP refrigerants, even enhancing the energy efficiency of walk-in coolers and freezers. Global food production is on the record high, as is the demand for food worldwide.

As the global trade for a diverse range of foods grows unabated, demand for solutions to keep these products fresh, while retaining their shelf-life is paramount. This has considerably complemented the adoption of walk-in coolers and freezers specifically for ready-to-eat food, frozen food, frozen ready meals, and fresh meat products.

By Segmentation:

Product Type

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

Place of Use

Indoor
Outdoor

Technology

Self-Contained
Remote Condensing
Multiplex Condensing

Door Type

Hinged
Power Sliding
Manual Sliding

Application

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

Sales Channel

OEM
Aftermarket

Mounting Type

Floor
Non-floor

Region

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

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

Wet Wipes Market To Register Impressive Growth| Comparative Analysis By Top Key Players : Procter & Gamble Co., Kimberly-Clark’s , Stryker

The Wet Wipes Market revenue totaled US$ 3.7 Bn in 2021, according to Future Market Insights (FMI) study. The overall sales of wet wipes are expected to cross US$ 8.0 Bn by 2031, growing at a CAGR of 7.6% between 2021 2031.

With increasing awareness about health and hygiene, implementation of various healthcare management programs, increasing number of wet wipes manufacturing companies, availability of variety of wet wipes options, coupled with increasing investments in technological advancements, sales are expected to improve at an accelerated pace.According to a recent study by Future Market Insights (FMI), the sales of wet wipes are expected to top US$ 3.7 Bn in 2021, growing at a CAGR of over 7.6% during the forecast period (2021-2031).

Increasing health-care related issues and the rising prevalence of infectious diseases and skin-related problems have increased concerns among general population. As a result, awareness with regards to the adoption of personal care and hygiene practices is at all time high.

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Regular usage of sanitizer, wet wipes, and tissues for cleanliness and maintaining proper hygiene has positively affected the wet wipes market. With various wet wipes options available in the market, catering to diverse purposes such as incontinence wet wipes- for urinary incontinence, sterile wound cleansing wet wipe- for cleaning wounds, and skin care wet wipe- for regular use; growth prospects for future remains optimistic.

Traditionally, products such as soap, face wash, cleansing milk, and others which are already available in the market have been in use for personal hygiene for generations. But factors such as easy handling, convenience while travelling, achieving cleanliness of hand and face without using water have buoyed consumer inclination in favor of wet wipes.

Companies specializing in wet wipes have been focusing on developing more innovative products such as fragrance- filled wet wipes, environment-friendly, and biodegradable wet wipes and using wood pulp and cotton to avoid harmful effect on sensitive skin.

Government as well as private companies are involved in specialized marketing campaigns to address the need for wet wipes. Furthermore, mergers, acquisitions and collaboration are undertaken by companies to increase the product portfolio as well as reach. All these factors are expected to create demand for wet wipes.

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Key takeaways from Wet wipes Market study

By product, incontinence wipes constitute the most lucrative segment in terms of revenue. The demand for incontinence wipes is expected to increase at a CAGR of over 7% 2021-2031.
By disposability, non-flushable wipes segment will hold a revenue share of around 75% in 2021 and is expected to follow the similar growth trend in the future.
By application, skin care wipes segment holds the largest share and will continue to dominate this segment in the forecast period.
In terms of end user, hospitals are leading the market and are expected to gain more than 25% of revenue share over the forecast period.
North America will dominate the global wet wipes market in terms of revenue in 2021, followed by Europe region.
India is dominating the South Asia wet wipes market, accounting for nearly 29% of global market share in 2021.
China holds leading position in East Asia and is expected to account for nearly 40% of market share.

“Steered by changing consumer preference, market players are rethinking sources of materials used for wet wipes manufacturing. Their focus is shifting towards more sustainable and biodegradable options to reduce the burden of wet wipes disposal on the environment. This will present attractive opportunities for growth of the market in the near future,” said a lead FMI analyst.

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Who is winning?

Some of the leading manufacturers of wet wipes are focusing on innovative product launches, specialized marketing campaigns, mergers, acquisitions and partnership strategies, thereby enhancing their market presence.

In February 2018, Procter & Gamble Co. announced the acquisition of Snowberry, a New Zealand-based skincare company which specialized in natural ingredient products.
In August 2020, Kimberly-Clark’s brand Pull-Ups launched a product, New Leaf. Pull-Ups® New Leaf is made with plant-based ingredients like sugarcane and fluff pulp, carefully selected and crafted to provide the high level of protection.
In February 2018, Stryker completed the acquisition of Entellus Medical, a medical technology company and strengthen Stryker’s personal care product portfolio.

Global Variable Frequency Drive (VFD) Market Competitive Growth Strategies Based on Type, Applications, End User and Region

In recent years, the variable frequency drives market (VFD market) has received significant stimulus, growing on the back of heightened opportunities regarding infrastructure development across emerging regions, spurring demand for heating and ventilation systems. VFD development is presently transitioning towards offering industry specific solutions with the objective of minimizing costs and reducing operational downtime, prompting a slew of innovations on part of manufacturers.

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Variable frequency drives demand is set to grow at over 4% in 2021, with growing emphasis on heating, ventilation and air conditioning (HVAC) systems and automotive pumps which are expected to generate substantial growth opportunities. The projections are based on the latest edition by Future Market Insights (FMI), an ESOMAR-certified research and consulting firm.

The global automotive industry has made prolific advances in the recent past. Emerging as a multibillion dollar industry, the autonomous market is characterized by the emergence of a plethora of start-up investments. Consequently, adoption of high-end HVAC systems and pumps has registered an impressive uptick. According to FMI’s projections, the aforementioned segments collectively accounted for nearly US$ 10 Bn as of 2019.

Key Takeaways of Variable Frequency Drives Market Study

AC drives adoption surging in popularity by drive type; set to acquire 260 BPS by 2031-end
U.S. and Germany to emerge as highly lucrative markets, owing to growing EV sales
Growing concerns over excessive power consumption compelling automotive manufacturers to invest in low-voltage VFDs
Regenerative applications to find growing applications, reaching nearly US$ 15 Bn by 2021-end
Pumps and HVAC systems to collectively expand at a value CAGR worth 13% from 2021-2031

“Rapidly expanding infrastructure for capital projects are attracting frequent capital investments, attributed to the increasing scale of urbanization. Hence, automotive sales are rising, leading to widening revenue pools for VFD manufacturers,” says the FMI analyst.

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By Segmentation:

Drive Type

AC Drive
DC Drive

Voltage Range

Low Voltage
High Voltage

Application Type

Standard
Regenerative

End-use Application

Pumps
Fan
Compressor
Conveyor
HVAC
Others

End-use Industry

Oil & Gas
Food processing
Automotive
Mining & Metals
Pulp & Paper
Others

Region

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

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Competitive Landscape

The variable frequency drives market is a highly competitive market, with a sizeable presence of both global as well as domestic players. However, key players account for nearly half of the market share. It is characterized by large supplier base and strong B2B networks.

Muscle Oxygen Monitors Market Overview, Dynamics, Region-wise Outlook, Segmentation, Dynamics, Value Chain, Technology

Based on application type , muscle oxygen monitors market has been segmented into muscle oxygen profile , heart rate profile and bicycle speed . Measurement of muscle oxygen level is the main application of muscle oxygen monitors, hence, muscle oxygen profile is expected to share the highest revenue in muscle oxygen monitors market. Based on the technology, the market has been segmented into three different softwares, which are used to display different types of data.

Muscle Oxygen Monitors: Market Insights

Moxy Muscle Oxygen Monitors measures and monitors the oxygen saturation levels in muscle tissue of athletes. Muscle Oxygen Monitors are based on a technology which is called as Near-Infrared Spectroscopy. It is a kind of spectroscopy method which uses infrared region of the spectrum. The “Near Infrared” uses light that is at or just beyond the red end of the visible spectrum. Muscle oxygen monitors uses light from about 680 nm to about 800 nm. Near infrared light is used in the process of muscle oxygen monitoring because it can travel a very long distance through skin, muscle and fats. It does not get completely absorbed through skin and hence, travels through a long distance. The light is scattered through the tissues rather than travelling in a straight line and helps in making quantifiable measurements. The other factor why infrared region is used is that it gets absorbed by haemoglobin and myoglobin molecules which have oxygen bound to them.

Myoglobin is a molecule in muscle cells which is capable of binding and releasing oxygen and acting as a store of oxygen in the muscle.

Haemoglobin is the molecule in red blood cells which is responsible for the transportation of oxygen in the blood. Haemoglobin binds oxygen while passing through lungs and then releases the oxygen when it passes through the capillaries of the tissue that needs it.

Oxygen saturation in the muscles refers to the percentages of haemoglobin and myoglobin which carries oxygen in the muscles. It is derived by taking the amount of oxygen carried by haemoglobin and myoglobin which is then divided by the total amount of haemoglobin and myoglobin. The results obtained is then multiplied by hundred to get it as a percentage.

The muscle oxygen monitors can measure the oxygen saturation percentage which can vary from zero percent to hundred percent. Muscle oxygen monitors performs a secondary measurement of total amount of haemoglobin.

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Muscle Oxygen Monitors : Market Dynamics

Increase in the occurrence of sports activities is expected to increase the use of muscle oxygen monitors. Muscle oxygen monitors are very easy to carry because of their light weight. This can drive the muscle oxygen monitors market. Muscle oxygen monitors have many features like wireless charging, data storage etc., hence, technological advancements in the device can be a major driver of muscle oxygen monitors market. Accuracy of muscle oxygen monitors is the main feature which can increase the growth of muscle oxygen monitors. The problems associated with the muscle oxygen monitors like leakage, aspiration problems can restrain the growth of muscle oxygen monitors market.

Muscle oxygen Monitors Market: Region-wise Outlook

On the basis of geography, muscle oxygen monitors market is segmented into seven key regions viz. North America, Latin America, Western Europe, Eastern Europe, and Asia Pacific excluding Japan, Japan, and Middle East & Africa. North America is projected to hold largest revenue shares in the global muscle oxygen monitors market primarily due to high technological advancement in the field of healthcare and enhanced healthcare infrastructure . US is expected to have high revenue share in muscle oxygen monitors because of the high number of sports activities. Europe is expected to show high revenue share in the muscle oxygen monitors market due to increased R &D expenditure for manufacturing healthcare products.

Muscle Oxygen Monitors Market: Key Players

Some of the key players present in global muscle oxygen monitors market are humon, Moxy Monitor, Oxford Optronix Ltd., BSX Insight, Medtronic,

The report covers exhaustive analysis on:

Market Segments
Market Dynamics
Market Size
Current Trends/Issues/Challenges
Competition & Companies involved
Value Chain

The regional analysis includes:

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

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Muscle Oxygen Monitors Market: Segmentation

The Muscle oxygen monitors market is segmented by application, technology and region.

Segmentation by Application Type

Muscle Oxygen Profile
Heart rate Profile
Bicycle Speed

Segmentation by Technology

Peripedal Software
Perfpro Software
TrainingMate Software

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

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Nasal Antihistamines Market Demand In Future 2021-2031 By Focusing Covid 19 Impacts

According to a recent study by Future Market Insights (FMI), the nasal antihistamines market is expected to witness steady growth during the forecast period. The market valuation is expected to increase from US$ 1.89 Bn in 2020 to over US$ 3.08 Bn by 2031. This reflects a cumulative CAGR of around 3.1% over the forecast period (2021-2031).

Antihistamines are a class of medications that are often used to treat allergy symptoms. These medications are used to treat problems caused by an excess of histamine, a substance produced by the immune system. People who are allergic to pollen and other allergens are the most prevalent users of antihistamines. Sneezing, congestion, and itchy, runny nose can all be relieved with antihistamine sprays. They are available by prescription and include azelastine (Astelin, Astepro) and olopatadine (Patanase).

The global burden of respiratory diseases such as allergic rhinitis, chronic obstructive pulmonary disease, asthma has increased rapidly in the last three decades. In an article published in NCBI, it was reported that around 20–30 % of the Indian population suffers from allergic rhinitis and that 15 % develop asthma.

Due to this growing burden, there has been an increased adoption rate of nasal antihistamines in the form of nasal sprays and nasal drops, globally. The nasal antihistamines provide rapid and effective relief from the symptoms of allergic rhinitis. Thus, the growing number of allergic rhinitis cases will propel the growth of the nasal antihistamines market in the future.

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Advancements in the field of nasal drug delivery have enabled the establishment of several non-invasive approaches for treatment. Various new products such as metered dose delivery systems, innovative odorless powders and sprays, preservative-free nasal sprays and others are key drivers that will expand this industry in the forecast period.

FDA approvals of various nasal sprays to switch from prescription to OTC use has led to increased independence concerning self-administration of drugs, amongst patients who suffer from allergic rhinitis. Various additions by the manufacturers to the already available product lines, especially for AR are some of the techniques used by the manufacturers to increase product penetration amongst the population.

New product launches & approvals have emerged as key growth strategies adopted by the leading players in the nasal antihistamines market. Followed by this, the acquisition was the second most key strategy adopted by the industry players. By adopting these strategies, it helped the company to expand their regional presence as well as product offerings.

For instance, In December 2020, GlaxoSmithKline launched Otrivin Breathe clean, a saline wash with the moisturizing benefit of natural glycerine as a product for the symptomatic relief of allergic rhinitis.

Such developments not only strengthens the company’s existing portfolio but also help to increase their presence at the regional as well as global level, and helps companies to sustain the increasing competitive pressure.

Key Takeaways from Nasal Antihistamines Market Study

By pProduct, nasal sprays accounted for the largest share of 89.0% in 2021 and are expected to continue to grow at the same trend during the forecast period.
By age group, adults accounted for the largest share in 2021 of the nasal antihistamines market and are expected to continue to grow at the same trend during the forecast period.
By distribution channel, the retail pharmacies segment is expected to account for the largest share of 41.0% in 2021 of the nasal antihistamines market and is expected to continue to grow at the same trend during the forecast period.
By region, East Asia held the largest share of 23.0% in 2021 of the nasal antihistamines market. The growing awareness regarding allergies and developing healthcare infrastructure are some of the factors that fuel the high market share of this region.

The key market players covered by FMI include Bayer Healthcare LLC, Novartis International AG, Cipla, Glenmark Pharmaceuticals, GlaxoSmithKline, Sun Pharmaceuticals, Merck & Co., Centaur Pharmaceuticals, Viatris (Meda Pharmaceuticals), Proctor & Gamble, Ascend Laboratories LLC (Alkem Laboratories), J Pharmaceuticals, Alitair Pharmaceuticals and Sato Pharmaceuticals.

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Why Future Market Insights?

Comprehensive analysis on evolving purchase pattern across different geographies
Detailed insights of market segments and sub-segments for historical as well as forecast period
A competitive analysis of prominent players and emerging players in the keyword market
Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years

Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

About 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, the global financial capital, and has delivery centers in the 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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