Electrical Steel Market Value to Grow by Almost $79.5 Billion During 2021-2031

The electrical steel market is expected to register year-on-year growth at 5.3% in 2021, with the overall valuation forecast to reach US$ 37.5 Bn. A Future Market Insights (FMI) analysis estimates electrical steel sales to increase at 6.5% CAGR between 2021 and 2031. According to the study, the overall electrical steel market is expected to reach US$ 70.5 Bn by 2031.

While   non-grain oriented electrical steel is expected to remain dominant, grain oriented electrical steel demand will surge at a higher pace, exhibiting growth at 5.7% CAGR in 2021.

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According to the annual market analysis conducted by Future Market Insights, expansion of the energy and automobile industries has led to heightened demand for electrical steel products. Rapid technological advancements in production technologies are also projected to complement market growth over the coming years.

In spite of the recessionary effect of the COVID-19 pandemic in 2020, the overall steel industry in terms of production and supply has largely remained unaffected. With the continual demand from the energy industry, growth of electrical steel in the coming decade is expected to reflect an upward trajectory for the foreseeable future.

2016-2020 Electrical Steel Market Outlook Compared to 2021-2031 Forecast

Revenue generated in the energy segment of the electrical steel market grew at a strong pace in 2021. Demand increased by 6% between 2020 and 2021, enabling electrical steel markets to register year-over-year growth of over 5% in 2021, as per FMI analysis.

Growth can be attributed to the increase of power generation and transmission projects across the globe. The demand for electrical steel has increased consistently and surprisingly for diverse applications across end-use industries.

Key factors fuelling the demand for electrical steel include initiatives undertaken for enhancing power distribution centers in developing nations. Leading steel manufacturing companies are focusing on expanding their production and distribution capacities in various countries. To improve their industrial research activities, some companies are collaborating directly with regional manufacturers.

The automobile segment is among the leading end-use industries influencing demand for electrical steel. In addition, the expansion of the global electric vehicle market is expected to fuel the demand for effective EV materials.

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Competitive Landscape

Companies operating in the electrical steel market are aiming for strategic collaborations and partnerships with other manufacturers to expand their product manufacturing capacity to address the growing demand of an expanding consumer pool.

  • For instance, In May 2021, JFE Steel Corporation signed a memorandum of understanding to conduct a feasibility study with JSW Steel Limited (JSW) to establish a grain oriented electrical steel sheet manufacturing and sales joint-venture company in india.

Manufacturers are also focusing on the expansion of manufacturing facilities globally to maintain their global presence.

  • For instance, In November 2020, Nippon Steel announced plans to invest nearly US $1 billion to expand its electrical steel sheet facilities at two plants in Japan. This series of measures to improve capacity and quality will take full effect during the first half of 2023, with manufacturing capacity expected to increase by approximately 40%.
  • In March 2021, ArcelorMittal invested €13 million in its plant in Saint Chély d’Apcher, France, which specializes in iCARe electrical steels for the automotive sector. The investment means the plant will be able to produce cutting-edge non grain-oriented (NO) iCARe electrical steel grades, through production upgrades to meet the requirements of the electro mobility market.

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Key Players :

  • Novolipetsk Steel
  • Voestalpine Stahl GmbH
  • POSCO
  • Nippon Steel & Sumitomo Metal Corporation
  • ThyssenKrupp AG
  • JFE Steel Corporation
  • Cogent Power
  • ArcelorMittal SA
  • Aperam SA
  • Baosteel Group
  • AK Steel Holding Corp
  • Allegheny Technologies, Inc.
  • Phoenix Mecano AG
  • Leicong Industrial Co., Ltd.
  • Nicore Electrical Manufactory Co., LTD.
Electrical Steel Market by Category

By Product Type:

  • Grain-Oriented Electrical Steel
  • Non-Grain Oriented Electrical Steel
    • Fully-Processed
    • Semi-Processed

By Application:

  • Inductors
  • Motors
    • 1hp – 100hp
    • 101hp – 200hp
    • 201hp – 500hp
    • 501hp – 1000hp
    • Above 1000hp
  • Transformers
    • Transmission
    • Portable
    • Distribution

By End Use:

  • Automobile
  • Manufacturing
  • Energy
  • Household Appliance
  • Others (Construction, Fabrication)

By Region:

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

Centrifugal Pumps Market By Product Type, Application & Region – Forecast 2021-2031

The Centrifugal Pumps Market is expected to register positive growth through 2021, with the overall valuation forecast to surpass US$ 29 Bn in 2021. Future Market Insights (FMI) projects centrifugal pumps market sales to increase at 4.6% CAGR between 2021 and 2031.

While industrial applications are expected to register maximum demand, growth exhibited by the agricultural segment will be at a higher pace. FMI has forecast the centrifugal pumps demand to rise at 4.7% between 2021 and 2031 in the agricultural segment.

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Strong demand from the water and wastewater sector and the food and beverage industry drives the centrifugal pump market in terms of volume. Demand for centrifugal pumps slumped in 2020 due to the COVID-19 pandemic.

However, the water and wastewater segment of the industry was not affected as much due to the latest guidelines issued by World Health Organization (WHO) on water sanitation standards which bodes well for sales in the near future. Despite the economic impact of the crisis in many countries, the market’s long-term outlook will remain optimistic.

FMI predicts healthy growth in the oil and gas industry, particularly in economies such as China, 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.

Key Points Covered in Centrifugal Pumps Market Study
  • Market estimates and forecast 2016-2031
  • Key drivers and restraints impacting market growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on XYZ and How to Navigate
  • Recommendation on Key Winning Strategies

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Global demand for centrifugal pumps is directly correlated to infrastructure development activities worldwide. Governments of developing countries such as China and India are focusing on urbanization, which in turn is anticipated to fuel demand for centrifugal pumps particularly in domestic, Water and wastewater treatment industries

The presence of numerous Chinese players offering low-priced centrifugal pumps acts as a restraint to most regional and global players. Increasing price pressure from these players is influencing key suppliers to offer high-quality, reliable, efficient and technologically-advanced centrifugal pumps at competitive rates.

2016-2020 Centrifugal Pumps Market Outlook Compared to 2021-2031 Forecast

Demand for centrifugal pumps in the industrial segment increased 4.2% between 2020 and 2021, giving the combined centrifugal pumps markets a year-over-year growth of 4.1% in 2021, according to the Future Market Insights report.

Increasing requirement in the oil and gas and chemical industries will drive the centrifugal pumps market to rise at 4.6% CAGR between 2021 and 2031 in comparison to the 2.3% CAGR registered during 2016-2020.

Centrifugal pumps are used to transfer fluids in inter-and-intra facilities. Over the years the market gained from various advancements in material used for manufacturing these pumps. Companies introduced variants that can withstand high pressure, thanks to research and development in the material sciences sector.

Competitive Landscape

Companies operating in centrifugal pumps market are aiming at launching new products and entering into strategic partnerships with other manufacturers to expand their product portfolios to address the demand of global end users.

  • In, November 2020, WILO USA’s new headquarters were inaugurated in Cedarburg, Wisconsin.
  • In April 2021, Xylem Inc., forged a partnership with Esri, the global leader in location intelligence. The two companies serve utilities around the world. Working together, the two companies will pursue joint technical road mapping, solution development, joint marketing and collaborative selling.
  • In June 2021, Kirloskar Brothers Limited announced the launch of a new manufacturing division -Advanced Technology Product Division for nuclear end use applications including specialized pumps.

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Key Players:

  • Ebara Corporation
  • Xylem Inc.
  • Sulzer AG
  • Flowserve Corporation
  • Grundfos
  • Wier Group
  • KSB Group
  • Shakti Pump
  • Kirloskar Brothers Ltd.
  • WILO SE
  • Tsurumi Manufacturing Co., Ltd.
  • DESMI A/S
  •  WPIL Limited
  • HERMETIC-Pumpen GmbH
  • Klaus Union GmbH & Co. KG
  •  Ruhrpumpen Group
  • HOMA Pumpenfabrik GmbH
  • CP Pumpen AG
  • Toyo Denki Industrial Co. Ltd.
  • Speck Pumpen Walter Speck GmbH & Co. KG
Centrifugal Pumps Market by Category

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
  • Middle East and Africa (MEA)

Variable Frequency Drive (VFD) Market Insights, Deep Analysis of Key Vendor in the Industry 2021-2031

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.

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Prolific growth opportunities exist in the Chinese market, owing to an ever mushrooming automotive industry. Future Market Insights estimates the economic giant to produce 4.5 million variable frequency drives by 2021-end, as production cycles revert to normalcy in the aftermath of the coronavirus crisis. Hence, manufacturers are introducing a slew of technological innovations to tap this ever expanding opportunity, thus generating powerful revenue ecosystems across the forecast period.

Variable frequency drives have been consistently improving system reliability and performance for the past 40 years. They will continue to impact industrial growth during the assessment period.

Manufacturers are likely to experience widening profit margins across the South Asia & Pacific region, with China emerging at the forefront in the wake of exploding construction and automotive sectors. Besides, Germany and the United States are also expected to yield immense opportunities. Based on these aforementioned trends, the VFD market is poised to grow at a value CAGR exceeding 5% through 2031.

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.

The market has robust partnerships throughout the value chain. Suppliers of variable frequency drives adopt acquisition and regional expansion strategies to establish a foothold. Brand consciousness and aggressive marketing makes it challenging for new entrants in the variable frequency drives market.

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Major Key Player:

Some of the leading companies operating in the market are:

  • ABB Ltd
  • Siemens AG
  • Danfoss A/S
  • Rockwell Automation
  • GE Energy Power Conversion
  • Toshiba International Corporation
  • Schneider Electric
  • Mitsubishi Electric Corporation
  • Honeywell International Inc.
  • Emerson Industrial Automation
  • Fuji Electric Co. Ltd
  • Johnson Controls Inc.,
  • Eaton PLC
  • Hitachi Ltd

While variable frequency devices yield substantial returns on investments, payback period varies based on motor-type and applications. For instance, in heavy duty applications, regular VFD maintenance is imperative which requires separate troubleshooting programs, leading to significantly elevated costs. Hence, end-users tend to opt for inexpensive alternatives, restraining growth prospects.

Furthermore, although the International Energy Conservation Code of 2015 has affirmed and documented motor efficiency requirements, specific provisions concerning variable frequency drives have not been elaborated upon. This has left a grey area in terms of the most suitable VFD design.

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By Segment:

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)

United States Commercial Refrigeration Equipment Market Growth At CAGR 4% During Forecast 2019-2029

The U.S. and EU5 will be in the vanguard of the commercial refrigeration equipment market, attributing to the strong presence of stakeholders that export their products to domestic and international end-users. On the other hand, the expanding F&B industry and growing preference for quick-service restaurants (QSRs) will drive demand in the Asia Pacific (APAC). While the increase in per capita beverage consumption will push sales in APAC and Middle East & Africa (MEA), developed markets would lag in terms of growth rate.

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Witnessing an uptick of 3.4% over 2018, the worldwide sales of commercial refrigeration equipment will exceed revenues worth US$ 46 Bn by 2019 end. As indicated by a recent research study of Future Market Insights (FMI), the market for commercial refrigeration equipment will progress at a moderate CAGR over 2019 – 2029. The demand would be prominently driven by greater production of F&B goods and a preferential shift of consumers towards quick-service restaurants (QSRs), at a global level.

Commercial Refrigeration Equipment Marke equipment will exceed revenues worth US$ 46 Bn by 2019 end, likely to surge at a vigorous 4 % CAGR during the assessment period 2019 -2029

COMMERCIAL REFRIGERATION EQUIPMENT MARKET KEY TAKEAWAYS
  • Growing demand for ready-to-eat products and expanding retail outlets are driving the sales of commercial refrigeration equipment.
  • North America and Europe would collectively account for over half of the market value share by 2029 end.
  • The food services sector will remain a prominent application area to invest in, for commercial refrigeration equipment market players.
  • The enforcement of new refrigerant regulations such as the EPA 680 Upgrade, and the Kigali Amendment for the phase-down of HFC refrigerants will largely impact the market growth.
  • The higher average unit cost of freezers & refrigerators allude to lower volume sales vis-à-vis value gains, with just about 2.6 million unit sales in 2018.
  • Glassdoor merchandizers that account for around a third of total volume sales continue to see relatively low revenue generation as compared to freezers & refrigerators.
  • Sales of beverage dispensers and display cases across end-use industries will show a moderate increase year-over-year in 2019, which will collectively represent nearly 16% of total commercial refrigeration equipment sales in that year.

Manufacturers who are keeping the innovation quotient high and providing turn-key solutions to meet regulatory requirements, with safety to end users at the core, will be rewarded in the long run.

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By Segmentation:

The global commercial refrigeration equipment market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

By Product

  • Beverage Refrigerator
    • Drinking Fountain
    • Soda Fountain
    • Beer Dispensing Equipment
    • Beverage Coolers
  • Freezers & Refrigerators
    • Freezer & Chillers
      • Blast Chiller/Stock Freezers
      • Contact Freezers
    • Refrigerators
      • Walk-in-Refrigerators
      • Reach-in Refrigerators
  • Transportation Refrigerators
    • Trailers
    • Trucks
    • Shipping Containers
  • Glass Door Merchandizers
    • Hinged Door
    • Sliding Door
  • Display Cases
    • Ice Cream Cabinets
    • Bakery/Deli Display
  • Beverage Dispensers
  • Refrigerated Vending Machine
  • Ice Machine
  • Ice Cream Machine

By Application

  • Food Services
  • Food & Beverage Retail
  • Food & Beverage Production
  • Food & Beverage Distribution

By Region

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

Sustainable and energy-efficient refrigeration systems are set to become a norm across the end-use industries, which should compel manufacturers to increase their investments in R&D and product innovations. Leveraging energy-efficient technologies to offer low global warming potential (GWP) products with rich functionalities will be the ticket to capturing significant market share in the long run.

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Key Players of the Commercial Refrigeration Equipment Market

  • AB Electrolux
  • Ali S.p.A.
  • Carrier
  • DAIKIN Industries, Ltd.
  • Dover Corporation

Competition Trends

In 2018, the top four stakeholders including Carrier Corporation, Daikin Industries, Ltd., Danfoss A/S, and Hussman Corporation collectively accounted for 20-25% revenue share. The emergence of a large number of small players in developing countries has resulted in price competition, with leading market players losing their profit margins. Market fragmentation will continue through 2029, driven by regional regulatory norms and enhanced capabilities of the local players.

Global Produced Water Treatment Systems Market Grow At CAGR 6% During Forecast 2019-2029

The global oil and gas industry was a major victim of the COVID-19 pandemic due to a drastic slump in energy demand. Such was the impact of the pandemic on the oil industry that benchmark Brent crude oil prices plummeted to a historic low of under US$ 20 per barrel in April 2020.

In previous years, environmental concerns and governmental regulations had led to the demand for produced water treatment systems. While these factors will continue to influence market trends, the pandemic has also accelerated certain geo-economic shifts that impact the market.

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The onshore crude oil industry in North America represented 49.14 Bn barrels or 79.1% of produced water in 2012. FMI expects this to reach 116.29 Bn barrels or 70.6% in 2020. On the other hand, the offshore natural gas segment is projected to reach a volume of 7.66 Bn barrels by 2020.

The crude oil and natural gas market have a direct impact on the demand for produced water treatment systems. According to FMI’s analysis, natural gas production in North America is anticipated to expand at a CAGR of 1.1% during the period 2014-2020, whereas, growth of crude oil production is set to increase at a CAGR of 4.8% between 2014 and 2020.

Key Research Finding:

  1. The global produced water treatment systems market size in 2018 was ~US$ 6 Bn.
  2. The demand for water treatment systems is expected to grow at a CAGR of ~6% during the forecast period of 2019-2029.
  3. Upsurge in the demand from the oil and gas industry, and stringent government regulations have been recently driving the sales of produced water treatment systems.
  4. Collectively, South Asia Pacific and East Asia are likely to account for half of the revenue shares in the produced water treatment systems industry by the end of 2029.
    • South Asia Pacific, attributed to the strong presence of the oil & gas industry, is expected to continue to be a prominent regional market for produced water treatment systems manufacturers.
  5. The offshore reinjection segment is expected to remain a prominent application area to invest in, for major players involved in produced water treatment systems.
    • The oil & gas industry has witnessed significant growth over the recent past, and rapid oil & gas exploration activities have been particularly noteworthy.
    • Noteworthy application potential of produced water treatment systems has been identified in the offshore reinjection category.

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The produced water treatment systems market in Europe is expected to reach a valuation of US$ 1,191.6 Mn by 2020. FMI estimates the market in Europe to expand at a CAGR of 4.6% during the forecast period. Demand for secondary treatment systems is anticipated to expand at a moderate rate during the forecast period, however, FMI expects it to remain the dominant segment through 2020. On the other hand, stringent regulation on part of the governments in Europe is expected to fuel the development of tertiary treatment technologies shortly.

Asia Pacific produced water treatment systems market, valued at US$ 960.7 Mn in 2014, is anticipated to increase at a CAGR of 4.8% during the forecast period and reach a valuation of US$ 1275.2 Mn. In terms of revenue, primarily produced water systems technology is expected to be the largest contributor in the Asia Pacific by the end of the forecast period, owing to the growing number of newly produced water treatment installations in the region. According to FMI, the growth of the market in the Asia Pacific is expected to be driven by a large number of new installations.

By Segmentation:

By Capacity (thousand bl/day)

  • Less than 100
  • 100 to 500
  • Above 500

By Technology

  • Primary
  • Secondary
  • Tertiary

By Application

  • On Shore
  • Off Shore

By Region

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

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The key stakeholders in the global produced water treatment system market can be broadly categorized into treatment systems, mobile systems, and rental services, and commissioning and consulting services. Schlumberger, Chetco, and Mix, Ovivo, and Global Water Engineering are companies that have a presence in all of the above-mentioned three categories.

Global Lead Acid Battery Market Grow At 5.2% CAGR Between 2021 – 2031

The lead acid battery market valuation is expected to reach US$ 54.3 Bn in 2021. Future Market Insights (FMI) analysis has forecast the lead acid battery sales to increase at 5.2% CAGR between 2021 and 2031. According to the study, the overall market valuation will top US$ 90.5 Bn by 2031.

As per FMI, the demand for AGM battery is expected to increase at a high pace, exhibiting 6.2% CAGR in 2021.

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According to the market analysis by Future Market Insights, expansion of automotive production facilities to cover rural and other remote areas has led to the increasing demand for lead acid battery. Rapid technological advancements in production technologies are also projected to complement market growth over the coming years.

Demand for lead acid battery is increasing with the rise in the volume of vehicle fleet in recent years. This can be attributed to an increase in aftermarket sales in regular interims for battery replacement.

The growing requirement has led to mass production and has increased importance of process automation in the lead acid battery market. The market is shifting towards industry 4.0 s, leading to the universal adoption of new production technologies.

There also is an increasing demand from other industries for deployment of lead acid battery. Increasing number of players focusing on research and development related to lead acid battery is anticipated to have a significant contribution towards market growth in the years to come.

Key Takeaways from Lead Acid Battery Market Study

  • Flooded battery is projected to hold over 49% of the global market share in 2021 in terms of product type, supported by superior configurations.
  • Transportation is projected to hold over 56% of the overall market share as leading segment in terms of application by 2031-end, supported by increasing investments in electric vehicles production.
  • China will remain a chief market, backed by rising demand from the automotive industry. It is expected to account for over 57.3% of demand registered in East Asia in 2021.
  • The markets India is set to surge at around 6% CAGR over the next ten years.
  • Germany is emerging as a key market in Europe, accounting for over US$ 2,509.4 Mn in 2021, driven by expansion of the automotive industry.

“The lead acid battery market is growing at a strong pace, driven largely by increasing demand for energy efficient solutions across automotive sector. The increasing demand for electric vehicles will create extensive opportunities for manufacturers. Key industry participants have been focusing product diversification to offer energy efficient solutions and gain a competitive advantage,” says a Future Market Insights analyst

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By Segment:

By Product Type:

  • Flooded Battery
  • AGM Battery
  • Gel Battery

By Application:

  • Transportation
    • Passenger Cars
    • LCV
    • HCV
    • Two wheelers
    • Others
  • Motive Industrial
  • Stationary Industrial
  • Commercial
  • Residential
  • Grid Storage
  • Others

By Sales Channel:

  • OEM
  • Aftermarket

By Region:

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

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Competitive Landscape

The lead acid battery market is highly competitive at regional as well as global levels, and highly consolidated in nature. These players are likely to invest in new technology developments and expansion of their networks in order to maintain their market shares.

Some of the key players in this industry include but are not limited to Furukawa Electric Co., Ltd., Narada Power Source Co. Ltd., Clarios, Leoch International Technology Ltd., Enersys, Exide Industries Ltd., GS Yuasa Corporation, East Penn Manufacturing Co., Chaowei Power Holdings Limited., and others.

Intravenous Pegloticase Market Trends, Strong Application Scope, Key Players, Growth Overview and Forecast by 2030

Intravenous pegloticase is a drug used for the treatment of chronic and refractory gout disease, used for treating the patients who have undergone medications that did not work well. Gout is a disease caused due to excessive uric acid in the blood (hyperuricemia).

Intravenous pegloticase works by lowering the amount of uric acid in the body. Intravenous pegloticase is administered in healthcare settings and healthcare by healthcare providers to manage the adverse events of the drug.

Intravenous pegloticase market is expected to expand during the forecast period due to the increasing prevalence of gout disease across the globe and strong R & D pipelines.

Pandemic coronavirus is believed to have a severe impact on the global intravenous pegloticase market. Intravenous pegloticase market manufacturing industries are being shuttered around the world causing an unprecedented technology and business model transformation.

There has been a disruption in the production and supply of intravenous pegloticase due to the global restrictions. Also, the flow of patients seeking gout treatment in the hospitals and clinics is reduced which is affecting the global intravenous pegloticase market.

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Intravenous pegloticase Market: Drivers and Restraints-

The increasing prevalence of chronic and refractory gout disease is expected to be the major driver of the intravenous pegloticase growth market. The strong R & D pipelines are another major factor driving the growth of the intravenous pegloticase market.

The increasing mergers and collaborations between major companies and increasing demand for effective treatment of chronic and refractory gout are also driving the growth of the intravenous pegloticase market.

Furthermore, the rising awareness and adoption of intravenous pegloticase in the management of chronic and refractory gout disease, especially in emerging nations is likely to boost the intravenous pegloticase market growth.

However, there are some factors which can restrain the growth of the intravenous pegloticase market such as adverse reactions of the drug associated with its use, including infusion reactions, and anaphylaxis.

Many other adverse events such as gout flare, nausea, contusion, nasopharyngitis chest pain and vomiting have also been reported. Also, the stringent regulations imposed by the authorities restrict the intravenous pegloticase market growth.

Intravenous pegloticase Market: Overview

Based on the age group, the adult segment is expected to hold a major share in the intravenous pegloticase market due to the increasing prevalence of chronic and refractory gout disease among the adult population. Based on the indication, the chronic gout disease segment is expected to dominate the intravenous pegloticase market.

Based on the distribution channel, the hospital pharmacies are expected to be the most profitable segment in the global intravenous pegloticase market due to the higher number of patients flow in the hospitals.

Intravenous pegloticase Market: Region-wise Outlook

North America is expected to dominate the global intravenous pegloticase market, due to the advancement in the treatment of gout diseases and increasing prevalence of chronic and refractory gout disease in the region. North America is expected to be followed by Europe, due to the higher adoption of the drug in the region.

Asia-Pacific is expected to have a significant growth in the global intravenous pegloticase market over the forecast period due to the increasing awareness of intravenous pegloticase usage, and rising healthcare expenditure. Also increasing population in countries like China and India is further likely to boost the intravenous pegloticase market growth in the region.

Intravenous pegloticase Market: Key Market Participants

Some of the market participants in the global intravenous pegloticase market identified across the value chain include:

  • Horizon Therapeutics
  • BTG plc
  • Savient Pharmaceuticals Inc

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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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Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
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Temperature Sensing Foley Catheter Market Covid-19 Impact Analysis, Size, Share, Key Trends, Demand and Forecast till 2030

Temperature sensing foley catheter is used in measuring urine temperature through a bladder catheter, which further determines the core body temperature. Temperature sensing foley catheter has a temperature sensor near the tip and a wire which connects the temperature sensor to the monitor.

It is used for various surgical procedures and also for intensive care. Temperature sensing foley catheter provides many benefits such as continuous temperature measurement, compatibility with machines, hypothermia units, and patients monitor, maintaining brain health as the bladder temperature correlates to brain temperature.

The global temperature sensing foley catheter market is expected to increase with the increasing demand to manage post urological procedures.The outbreak of novel coronavirus is believed to have a severe impact on the global temperature sensing foley catheter market.

There has been a disruption in the supply chain resulting in a significant shortage in the supply of temperature sensing foley catheter across the world. The import of several parts from china has been stopped affecting the production of temperature sensing foley catheter.

Manufacturing industries are being shuttered around the world due to lockdown causing an unprecedented technology and business model transformation.

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Temperature Sensing Foley Catheter Market: Drivers and Restraints-

The increasing number of urological procedures, across the globe and the demand to manage post surgical procedures is driving the global temperature sensing foley catheter market.

The increasing prevalence of urinary incontinence in the world is further likely to boost the global temperature sensing foley catheter market. The U.S Department of Health & Services reported that around 13 million in the U.S suffered from urinary incontinence in 2015.

Furthermore, the large amount of investment in R&D, technological advancements by various key players are likely to drive the global temperature sensing foley catheter market.

Temperature Sensing Foley Catheter Market: Overview

Based on the material type, the latex segment is expected to hold a major share in the temperature sensing foley catheter market as it is mostly used for long-term catheterization due to its various characteristics such as rigidity, biocompatibility, and longer shelf life.

Based on the product type, the 2-way catheters segment is expected to dominate the temperature sensing foley catheter market due to its efficient cost as compared to other catheters. Based on the end-user, the hospitals are expected to be the most profitable segment in the global temperature sensing foley catheter market.

Temperature Sensing Foley Catheter Market: Region-wise Outlook

North America is expected to dominate the global temperature sensing foley catheter market, owing to the technological advancement in products development. Furthermore, a large amount of investment in R&D is likely to boost the market in the region.

North America is expected to be followed by Europe, due to the rising adoption of new and advanced products and technologies in the region. Asia-Pacific is expected to have a significant growth in the global temperature sensing foley catheter market over the forecast period due to the rising number of geriatric population, increasing prevalence of urological diseases, and rising healthcare expenditure in countries like India and China.

Temperature Sensing Foley Catheter Market: Key Market Participants

Some of the market participants in the global temperature sensing foley catheter market identified across the value chain include:

  • Medline Industries Inc.
  • C.R. Bard Inc.
  • Medtronic plc
  • Teleflex Incorporated
  • B. Braun Holding GmbH & Co. KG Cook Group
  • Coloplast A/S
  • Seimens AG
  • Biomerics LLC
  • Nordson Corporation

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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.

Contact Us:
Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
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Website: https://www.futuremarketinsights.com

Dopamine And Norepinephrine Reuptake Inhibitor Market 2020: Global Industry Analysis, Size, Share, Growth, Trends And Forecast To 2030

Dopamine and norepinephrine are the neurotransmitters associated with the body’s stress response and helps to regulate sleep, alertness, motivation, perception, etc.

Dopamine and norepinephrine reuptake inhibitor are a class of antidepressant drug that blocks the action of both dopamine and norepinephrine transporter when there is an imbalance in the hormones.

Depression consists of various health problems characterized by the lack of positive emotions, mood swing, and also many physical, behavioural and emotional symptoms. In 2016, WHO reported that around 350 million people were affected with depression and the count is increasing.

The global dopamine and norepinephrine reuptake inhibitor market is likely to expand during the forecast period with the increasing prevalence of depression across the globe.Pandemic coronavirus has affected almost every industry.

The dopamine and norepinephrine reuptake inhibitor market is expected to surge due to the COVID-19 outbreak. The increasing number of coronavirus patients and fatalities is raising many mental health issues worldwide, also people who are already living with mental health problems are facing increased stress levels due to the global restrictions.

This has caused an increased demand for dopamine and norepinephrine reuptake inhibitor to manage the mental problems.

Dopamine and Norepinephrine Reuptake Inhibitor Market: Drivers and Restraints-

The increasing prevalence of depression, rising geriatric population, and advancement in techniques of developing drugs with lesser side effects are expected to drive the growth of the dopamine and norepinephrine reuptake inhibitor market.

Moreover, rising number of people suffering from and stress due to workload, changing lifestyle and rising awareness among people about the mental disorders and demand for clinical needs are further likely to boost the dopamine and norepinephrine reuptake inhibitor market.

However, there are some factors that restrains the dopamine and norepinephrine reuptake inhibitor market such as poor efficacy of the drug, and preference for non-pharmacological therapies.

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Dopamine and Norepinephrine Reuptake Inhibitor Market: Overview

Based on the drug type, the focalin drug segment is expected to hold a major share in the dopamine and norepinephrine reuptake inhibitor market due to increasing prevalence of depression as it is more effective to treat depression as compared to other drugs.

Based on the application, the clinical depression segment is expected to be the major segment due to the increasing prevalence of major depressive disorders. Based on the distribution channel, hospital pharmacies are expected to be the most profitable segment in the global dopamine and norepinephrine reuptake inhibitor market.

Dopamine and Norepinephrine Reuptake Inhibitor Market: Region-wise Outlook

The global dopamine and norepinephrine reuptake inhibitor market is expected to be dominated by North America owing to the advancement in drug development and higher adoption of drugs in the region

North America is expected to be followed by Europe due to increasing prevalence of depression in the region.

Asia-Pacific is expected to have a rapid growth rate in the global dopamine and norepinephrine reuptake inhibitor market over the forecast period, due to changing lifestyle, environmental stress, and increasing geriatric population in the countries like India and China.

Dopamine and Norepinephrine Reuptake Inhibitor Market: Key Market Participants

Some of the market participants in the global dopamine and norepinephrine reuptake inhibitor market identified across the value chain include:

  • Novartis International AG
  • Mylan N.V.
  • Pfizer Inc.
  • Eli Lilly and Company
  • GlaxoSmothKline plc
  • Merck & Co.
  • AbbVie Inc
  • Teva  Pharmaceuticals
  • Bristol Myers Squibb Company
  • Alkermes plc

For critical insights, request for PDF Brochure @ https://www.futuremarketinsights.com/reports/brochure/rep-gb-12470

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.

Contact Us:
Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

Urine Monitoring Systems Market Insights with Upcoming Trends Segmentation, Opportunities and Forecast to 2030

Urine monitoring systems are used for monitoring urine output, including both volume and flow rate, either manually or automatically. Urine monitoring systems continuously monitors the urine output and is believed to save time and reduce the workload of the healthcare staff.

Urine monitoring systems uses a capacitive sensor for the measurement of urine output collected within a rigid container, the volume and flow rate is then used for determining any abnormality.

Urine monitoring systems are widely used in the management of kidney disorders. The market of urine monitoring systems is likely to expand during the forecast period with the increasing demand for efficient management of kidney disorders.

The outbreak of novel coronavirus is believed to have a severe impact on the global urine monitoring systems market. There has been a disruption in the import of raw materials that are required in the production of Urine monitoring systems.

Urine monitoring systems manufacturing industries are being shuttered around the world causing an unprecedented technology and business model transformation. The flow of patients in the hospitals and clinics during the COVID-19 has fallen, leading to the decreased demand for management of kidney disorders.

After the supply and manufacturing disruptions, the industries are now facing a demand shock with an uncertain recovery timeline due to shelter-in-place regulations.

Urine Monitoring Systems Market: Drivers and Restraints-

The increasing prevalence of kidney disorders across the globe and increased focus of healthcare providers towards effective management of kidney disorders are the major factors driving the growth of the urine monitoring systems market.

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In 2017, the National Chronic Kidney Disease Fact Sheet stated, around 30 million of U.S. population were suffering from form kidney disorders, which is nearly 15% of the U.S. population. The demand for minimally invasive and effective systems to monitor patient’s urine output in neonatal care units is increasing which is also expected to drive the urine monitoring systems market.

Also, the rising adoption of urine monitoring systems market by hospitals and specialty clinics is likely to boost the urine monitoring systems market. However, the risk of getting urinary tract infections, and false odour are some of the factors that hamper the growth of the urine monitoring systems market.

Urine Monitoring Systems Market: Overview

Based on the product type, the automatic segment is expected to hold a major share in the urine monitoring systems market. Based on the usage, the reusable segment is expected to dominate the urine monitoring systems market.

Based on the end-user, the hospitals segment is expected to be the most profitable segment in the urine monitoring systems market due to the higher number of patients flow and advanced medical facilities in the hospital.

Urine Monitoring Systems Market: Region-wise Outlook

North America is expected to dominate the global urine monitoring systems market, due to the increasing prevalence of chronic kidney disorders in the region, and higher adoption of urine monitoring systems in the hospitals and clinics.

North America is expected to be followed by Europe, due to the increasing number of new products introduction by the manufacturers in the region. Asia-Pacific is expected to have a significant growth in the global urine monitoring systems market over the forecast period due to the increasing number of patients suffering from kidney disorders.

Also, increasing geriatric population is further likely to expand the urine monitoring systems in countries like China and India.

Urine Monitoring Systems Market: Key Market Participants

Some of the market participants in the global urine monitoring systems market identified across the value chain include:

  • Degania Silicone Ltd.
  • Cardinal Health Inc.
  • Navamedic ASA
  •  Future Path Medical Holding Company LLC
  • RenalSense Ltd.
  • Potrero Medical Inc.
  • Roche Holding AG
  • Patricia Industries

For critical insights, request for PDF Brochure @ https://www.futuremarketinsights.com/reports/brochure/rep-gb-12464

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.

Contact Us:
Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com