Gravity Conveyor System Market Share to Reach USD 804.4 Million by 2034, Rising Steadily at 5.2% CAGR | FMI Analysis

The global gravity conveyor system market value is forecast to increase from USD 484.5 Million in 2024 to USD 804.4 Million by 2034. Over the assessment period, global demand for gravity conveyor systems is projected to surge at a CAGR of 5.2%.

The gravity roller conveyor segment is expected to dominate the global gravity conveyor system industry through 2034. It will likely hold a volume share of 33.4% by 2024. On the other hand, the industrial machinery segment is set to thrive at a robust CAGR of 5.4% through 2034.

The global expansion of the gravity conveyor system market is anticipated to be significant, with a predicted increase of around 1.5X by 2034. This is due to the growing demand for efficient material-handling processes in several industries, including retail, manufacturing, logistics, and healthcare. Gravity conveyor systems will continue to expand in popularity due to their versatility, cost-effectiveness, and ability to enhance efficiency in material handling processes across diverse industries worldwide.

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China is poised to maintain its steady position in the global gravity conveyor system market, capturing around 29.5% of the market share by 2024. China boasts a vast manufacturing infrastructure and skilled labor force, allowing for efficient and cost-effective production of gravity conveyor systems. Additionally, the country’s well-established supply chain networks and access to raw materials ensure smooth production and distribution processes, meeting global demand effectively.

Key Takeaways from the Report:

  • The global market for gravity conveyor systems is projected to thrive at 2% CAGR through 2034.
  • By conveyor types, the gravity roller conveyor segment is expected to have a total valuation of USD 268.7 Million by 2034.
  • By end-use, the industrial machinery segment is set to attain a valuation of USD 277.5 Million by 2034.
  • North America is expected to account for a significant share of about 0% in 2024.
  • Europe’s industry value is anticipated to reach USD 101.8 Million by 2024.
  • China is projected to attain a valuation of USD 237.3 Million by 2034.
  • Demand in India is predicted to rise at 7% CAGR through 2034.

“The gravity conveyor system market is poised to witness healthy growth due to escalating e-commerce, expanding industrial sectors, and increasing emphasis on supply chain optimization. With the growing demand for efficient material handling solutions across retail, manufacturing, logistics, and agriculture industries, adoption of gravity conveyor systems is expected to rise,” – opines Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).

Competitive Landscape:

The global gravity conveyor system market is moderately consolidated, with leading players accounting for about 40% to 45% share. Bosch Rexroth, Siemens, Dematic, Rexnord, Durr AG, and Buhler Group are the leading manufacturers and suppliers of gravity conveyor systems listed in the report.

Key Companies Profiled in Gravity Conveyor System Market:

  • Bosch Rexroth
  • Hitachi
  • Siemens
  • Dematic
  • Rexnord
  • Durr AG
  • Buhler Group
  • Daifuku
  • FlexLink
  • Jungheinrich
  • Liebherr Group
  • Dorner Conveyors
  • Hytrol Conveyor
  • Fujian Gao Chuang Machinery Co.
  • Kardex
  • LEWCO

Recent Development in the Gravity Conveyor System Market:

  • In February 2024, Ultimation Industries launched two new products under its heavy-duty gravity roller conveyor portfolio. The products come with two lengths that would enable manufacturers, shipping companies, and warehouses to gain access to novel material handling features.

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Gravity Conveyor System Market Segmentation Analysis:

By Conveyor Types:

  • Gravity Roller Conveyor
  • Gravity Skate Wheel Conveyor
  • Flexible Conveyor
  • Spiral Conveyor
  • Multi-strand Chain Conveyors
  • Others

By Capacity:

  • Light Duty
  • Medium Duty
  • Heavy Duty
  • Very Light Duty

By Material:

  • Metal
  • Plastic
  • Others

By Sales Channel:

  • Direct Channel
  • Indirect Channel

By End-use:

  • Automotive
  • Food and Beverage
  • Agriculture
  • Industrial Machinery
  • Pharmaceutical
  • Retail
  • Others

By Region:

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

Author:

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

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

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

About Future Market Insights (FMI):

Future Market Insights (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 market 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:       

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Urinary Tract Infection Treatment Market is Expected to Grow USD 13,617.4 Million by 2034, with a 1.9% Compound Annual Growth Rate | FMI

Urinary Tract Infection Treatment Market
Urinary Tract Infection Treatment Market

The battle against Urinary Tract Infections (UTIs) is gaining momentum, reflected in the growth of the Urinary Tract Infection Treatment Market. This market is projected to reach a substantial USD 13,617.4 million by 2034, expanding from its current valuation of USD 11,244.0 million in 2024. While this indicates growth, the market is expected to expand at a steady Compound Annual Growth Rate (CAGR) of 1.9% between 2024 and 2034.

The urinary tract infection treatment market is poised for substantial growth in the foreseeable future, attributed to factors such as hormonal changes, inadequate personal hygiene practices, catheter usage, and other contributing factors. As the prevalence of urinary tract infections rises, the market is anticipated to experience noteworthy expansion in the coming years.

The heightened occurrence of chronic kidney diseases, including conditions like bladder cancer and renal failure, has resulted in a greater utilization of catheters and other drainage devices among patients. Individuals using urinary catheters face an elevated risk of developing complicated urinary tract infections, driving the demand for UTI treatment.

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Supportive government policies, initiatives, and regulations can influence the market positively by fostering research and development in the field of UTI treatment. Increased spending on healthcare infrastructure and services, both in developed and developing countries, can positively influence the UTI treatment market.

The adoption of telehealth and remote patient monitoring technologies can facilitate better management and follow-up care for individuals with UTIs. Growing awareness among patients and healthcare professionals about the importance of early detection and prompt treatment of UTIs can contribute to market growth.

Urinary Tract Infection Treatment Market Key Takeaways

  • From 2019 to 2023, the urinary tract infection (UTI) treatment market was valued at a CAGR of 2.1%
  • Based on indication, the uncomplicated UTI segment is expected to account for a share of 76.2% in 2024.
  • Global urinary tract infection (UTI) treatment demand in China is predicted to account for a CAGR of 2.0% in 2024.
  • In the United States, the urinary tract infection (UTI) treatment industry is expected to account for a CAGR of 2.5% in 2024.
  • India is projected to expand by a value CAGR of 1.9% between 2024 and 2034.
  • The urinary tract infection (UTI) treatment market in Japan is anticipated to record a CAGR of 2.1% in 2024.

“Increased prevalence of urinary tract infections and strategic advancements in treatment options propel the growth of the urinary tract infection treatment market.” says an FMI analyst.

Urinary Tract Infection Treatment Market Competitive Landscape

The market players are investing in ongoing research and development activities to discover and develop new and more effective UTI treatment options. This could involve exploring novel antibiotics, combination therapies, and innovative drug delivery methods. Expanding market presence by entering new geographic regions and enhancing distribution networks to ensure wider availability of UTI treatments.

  • Bristol-Myers Squibb Company focuses on developing drugs in various therapeutic areas, including infectious diseases. They might have products related to UTI treatment.
  • Janssen Global Services LLC is a pharmaceutical company under the umbrella of Johnson & Johnson. They may have products related to infectious diseases, including UTI treatment.
  • Lupin is an Indian multinational pharmaceutical company. They might have a range of pharmaceutical products, including those related to infectious diseases.

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global urinary tract infection (UTI) treatment market, providing historical data from 2019 to 2023 and forecast statistics between 2024 and 2034.

To understand opportunities in the urinary tract infection (UTI) treatment industry, the industry is segmented based on Drug Class (Penicillin & Combinations, Quinolones, Cephalosporin, Aminoglycoside Antibiotics, Sulphonamides (Sulfamethoxazole, Trimethoprim), Azoles and Amphotericin B, Tetracycline (Doxycycline), Nitrofurans (Nitrofurantoin), Others) By Indication(Complicated Urinary Tract Infection, Uncomplicated Urinary Tract Infection) By Distribution Channel(Hospital Pharmacies, Gynecology and Urology Clinics, Drug Stores, Retail Pharmacies, Online Drug Stores) Region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and the Middle East and Africa).

Key Players operating in the Urinary Tract Infection Treatment Market are

  • Allergan
  • Bayer AG
  • Pfizer, Inc.
  • GlaxoSmithKline plc
  • Bristol-Myers Squibb Company
  • Janssen Global Services, LLC
  • Lupin Ltd
  • Merck & Co., Inc.
  • Almirall, S.A
  • Dr. Reddy’s Laboratories Ltd.

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Urinary Tract Infection Treatment Market – Key Segments

By Drug Class:

  • Penicillin & Combinations
  • Quinolones
  • Cephalosporin
  • Aminoglycoside Antibiotics
  • Sulphonamides (Sulfamethoxazole, Trimethoprim)
  • Azoles and Amphotericin B
  • Tetracycline (Doxycycline)
  • Nitrofurans (Nitrofurantoin)
  • Others

By Indication:

  • Complicated
  • Uncomplicated

By Distribution Channel:

  • Hospital Pharmacies
  • Gynecology and Urology Clinics
  • Drug Stores
  • Retail Pharmacies
  • Online Drug Stores

By Region:

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

About the Healthcare Division at Future Market Insights

The healthcare team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations to provide authentic insights and accurate results to help clients worldwide.

With a repertoire of over 100+ reports and 1 billion+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team briefly analyzes key trends, including competitive landscape, profit margin, and research development efforts.

Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Chemical Dosing Equipment Market Share Predicted to Exceed USD 3,154.4 Million Mark by 2034, Growing at 5.2% CAGR

According to a Future Market Insights (FMI), the global chemical dosing equipment market is estimated to be valued at USD 1900.0 Million in 2024. Global chemical dosing equipment sales will likely increase at 5.2% CAGR during the forecast period, totaling USD 3154.4 Million by 2034.

Dosing pumps are expected to remain a highly sought-after product in the market. This can be attributed to their rising usage for accurately metering and delivering the desired chemical solutions. The target segment is poised to grow at 5.4% CAGR.

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Several factors are anticipated to stimulate growth of the chemical dosing industry during the assessment period. These include:

  • Rapid industrialization, especially across developing nations.
  • Growing usage of chemical dosing equipment across diverse industries, including food & beverages, water treatment, and oil & gas.
  • Increasing demand for clean and potable water globally.
  • Implementation of stringent environmental regulations to control pollution and ensure environmental sustainability.
  • Advancements in chemical dosing technologies.

The rising importance of chemical dosing equipment in water treatment procedures is expected to play a key role in boosting the global market. These systems are widely used in water treatment processes to precisely and accurately add coagulants, disinfectants, and other chemicals required for purification.

As water treatment facilities seek efficient and sustainable solutions, demand for chemical dosing equipment is set to rise steadily. This growth is fueled by a rising emphasis on clean water resources and environmental sustainability.

Growing adoption of automatic dosing equipment across industries like pharmaceuticals and oil& gas is expected to foster market growth. These automated systems are gaining wider popularity as they eliminate the need for manual intervention by incorporating sensors, control systems, and programmable features.

East Asia, spearheaded by China and Japan, is expected to dominate the global chemical dosing equipment industry through 2034. This can be attributed to the rapid penetration of industrialization, expanding water and wastewater treatment infrastructure, and favorable government support.

Key Takeaways from the Report:

  • The global chemical dosing equipment industry is set to total USD 3,154.4 Million by 2034.
  • Based on type, the pumps segment is anticipated to grow at 5.9% CAGR through 2034.
  • By application, the water treatment segment is poised to record a CAGR of 5.4% from 2024 to 2034.
  • Chemical dosing equipment demand in India will likely rise at 5.7% CAGR through 2034.
  • China is projected to register a CAGR of 4.1% between 2024 and 2034.

“The global chemical dosing industry is predicted to expand around 1.7X through 2034. This can be attributed to rising demand for clean water and increasing usage of chemical dosing equipment across pharmaceutical, oil & gas, food & beverage, and other sectors.” – opines Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).

Who is Winning?

The chemical dosing equipment is fairly consolidated, with top players accounting for about 35% to 45% of the share.

Top players are constantly developing more efficient and user-friendly chemical dosing equipment to boost their sales. They also adopt strategies such as partnerships, acquisitions, distribution agreements, mergers, and facility expansions to strengthen their footprint.

Recent Development:

  • In March 2021, Siltbuster, a prominent water treatment specialist, introduced an integrated chemical dosing system (iCDS).

Key Companies Profiled in Report:

  • Verito Engineering Private Limited.
  • Pure Aqua, Inc.
  • Dynamic Equipments Pvt. Ltd.
  • Verito Engineering Private Limited.
  • MIRANDA AUTOMATION PVT. LTD.
  • Unique Dosing System Pvt. Ltd.
  • Shapotools
  • Nishu Enterprises
  • Accepta Water Treatment
  • Grundfos Pumps India Private Ltd.
  • Eldex Corporation
  • GemmeCotti Srl
  • Flow Line Pumps And Engineers
  • Mini Max Dosing Pumps.
  • Metapow Engineers Pvt. Ltd

Get More Insights:

In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the chemical dosing equipment market, providing historical data from 2019 to 2023 and forecast statistics for the period 2024 to 2034. To understand the global market potential, growth, and scope, the market is segmented based on type, technology, application, and region.

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Chemical Dosing Equipment Market Segmentation Analysis:

By Type:

  • Pumps
  • Tanks and Containers
  • Valve
  • Meters

By Technology:

  • Automatic Dosing Equipment
  • Semi-automatic Dosing Equipment

By Application:

  • Water Treatment
  • Chemical Production
  • Oil and Gas
  • Food and Beverage
  • Pharmaceuticals
  • Others

By Region:

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

Author:

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

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

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global LNG Storage Tank Market Value to Exceed USD 36.3 Billion by 2034, Driven by a CAGR of 8.1% | Future Market Insights, Inc.

The global LNG storage tank market is anticipated to reach a valuation of USD 16.7 Billion in 2024, driven by integration with renewable energy systems. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 8.1% between 2024 and 2034, and reaching a total valuation of approximately USD 36.3 Billion by 2034.

Ongoing research and development efforts focus on enhancing LNG tank design, materials, and construction techniques to improve safety, reliability, and cost effectiveness, driving market growth. The growing demand for smaller scale LNG solutions, including modular LNG storage tanks, supports the development of niche markets and applications, such as remote power generation and transportation.

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The increasing complexity and scale of LNG projects drive demand for specialized risk management and insurance services tailored to LNG storage and transportation, creating opportunities for insurance providers and risk management firms. Economic growth and urbanization in developing countries drive demand for cleaner and more efficient energy solutions, including LNG, driving investments in storage infrastructure to meet growing energy needs.

Decentralized LNG infrastructure, including small scale LNG terminals and bunkering facilities, caters to niche markets and applications, such as marine transportation, off grid power generation, and industrial use, driving demand for smaller storage tanks and modular solutions. Integration of digitalization, automation, and Internet of Things technologies in LNG storage tank operations improves monitoring, maintenance, and safety, optimizing tank performance and reducing operational costs.

Key Takeaways from the Market Study:

  • Global LNG storage tank market was valued at USD 16.7 Billion in 2024.
  • From 2019 to 2023, the market demand expanded at a CAGR of 6%.
  • The market in Japan is expected to expand at a CAGR of 6% through 2034.
  • By product type, the self supporting segment to account for a CAGR of 8% through 2034.
  • The market in Korea is expected to expand at a CAGR of 0% through 2034.
  • In terms of material type, the steel segment to account for a CAGR of 6% through 2034.

“Changes in regulatory frameworks, including safety standards, environmental regulations, and permitting processes, impact the design, construction, and operation of LNG storage tanks, shaping market dynamics and investment decisions,” – opines Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).

Competitive Landscape:

Prominent players in the LNG storage tank market are:

  • Vijay Tanks and Vessels Ltd
  • Corban Energy Group
  • Luxi New Energy Equipment Group Co. Ltd
  • Vinci Construction
  • MHI Engineering and International Project India Ltd
  • Lloyds Energy
  • Transtech Energy LLC
  • Cryocan
  • Cryogas Equipment Pvt. Ltd.
  • Whessoe

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  • MHI Engineering and International Project India Ltd, a subsidiary of Mitsubishi Heavy Industries, offers comprehensive engineering solutions for LNG storage tank projects. They specialize in designing and constructing LNG storage tanks using advanced technologies and methodologies.
  • Lloyds Energy is involved in various aspects of the LNG value chain, including LNG storage and transportation. They provide consultancy services, project management, and investment solutions for LNG storage tank projects globally.

LNG Storage Tank Market Segmentation Analysis:

By Product Type:

  • Self Supporting
  • Non Self Supporting Tanks

By Material Type:

  • Steel
  • Nickel Steel
  • Aluminum Alloys
  • Other

By End User Industry:

  • Logistics Hubs
  • Transport
  • Industries

By Business Type:

  • Original Equipment Manufacturer
  • Aftermarket

By Region:

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

Author:

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

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

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

About Future Market Insights (FMI):

Future Market Insights (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 market 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:       

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Increasing Awareness about the Environment to Drive Micro-energy Harvesting System Market Size Towards USD 788.5 Million Valuation by 2034, Growing at 11.9% CAGR | FMI

The global micro-energy harvesting system market is anticipated to rise at 11.9% CAGR. The market is expected to increase from USD 256.2 Million in 2024 to USD 788.5 Million in 2034.

The growing utilization of energy harvesting technology and home automation applications is expected to propel the market’s growth. The green energy harvesting trend is significantly shaping the market, and its expansion is being aided by policies that governments worldwide support.

Industrial wireless sensor networks (WSNs) are predicted to continue using energy harvesting through the forecast period. Growing applications of the Internet of Things (IoT) in machine-to-machine (M2M) communications, smart homes, smart cities, and Industrial IoT (IIoT) are expected to surge demand for micro-energy harvesting systems.

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Growing emphasis on environmental sustainability and energy efficiency encourages using micro-energy harvesting system systems to replace traditional power sources. The market is further expected to expand due to factors such as increased research & development, government funding, greenhouse gas emission reduction targets, rising energy consumption, and environmental awareness.

Key Takeaways from the Report:

  • The global market for micro-energy harvesting systems is anticipated to reach USD 788.5 Million by 2034.
  • The global market for micro-energy harvesting systems is projected to thrive at 90%CAGR through 2034.
  • By technology, the light energy harvesting segment is expected to grow at 2% CAGR by 2034.
  • By end-use, the consumer electronics segment is projected to thrive at a1%CAGR through 2034.
  • The United States is projected to thrive at a1% CAGR by 2034.

“The proliferation of IoT devices and smart systems creates several prospects for micro-energy harvesting system applications. As the number of connected devices increases worldwide, there is a greater demand for small, autonomous power solutions to support their operations, driving demand for micro-energy harvesting systems,” – opines Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).

Competitive Landscape:

The global micro-energy harvesting system market is fragmented, with leading players accounting for around 25% to 30% share. ABB Ltd., EnOcean GmbH, STMicroelectronics N.V., Cymbet Corporation, Powercast Corporation, and MicroGen Systems, Inc. are the leading companies listed in the report.

Key micro-energy harvesting system companies invest in continuous research to produce new products and increase their production capacity to meet end-user demand. They are also inclined toward adopting strategies to strengthen their footprint, including acquisitions, partnerships, mergers, and facility expansions.

Key Companies Profiled:

  • Linde
  • Air Products
  • Plug Power
  • BP
  • Siemens
  • Lhyfe
  • First Micro-Energy Harvesting System
  • AMEA Power
  • Bloom Energy Corp
  • Air Liquide
  • Adani Green Energy
  • Shell PLC
  • Worthington Industries
  • Cryolor
  • Reliance Industry
  • Chart Industries
  • BayoTech
  • Micro-Energy Harvesting Systemics
  • Cummins
  • Sinopec

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Recent Developments:

  • In February 2024,Enphase launched a microinverter for building-integrated photovoltaics. This new product allows efficient energy harvesting from small solar panels integrated into building materials.
  • In February 2024, Ambient Micro raised USD 5 Million for radio frequency energy harvesting. This company is developing technology to harvest energy from ambient radio waves to power small electronics.

More Insights into the Micro-energy Harvesting System Market Report:

In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the global micro-energy harvesting system market, providing historical data from 2019 to 2023 and forecast statistics for the period 2024 to 2034.

To understand the global market potential, growth, and scope, the market is segmented based on technology (light energy harvesting, vibration energy harvesting, EM & RF energy harvesting, thermal energy harvesting, magnetic energy harvesting, electric energy harvesting, and others), power density (15 m W/cm3, 330 µ W/cm3, 116 µ W/cm3, 40 µ W/cm3, 960 n W/cm3), end-use (building & home automation, consumer electronics, industrial, transportation, healthcare, security, others), and region.

Micro-energy Harvesting System Market Segmentation Analysis:

By Technology:

  • Light Energy Harvesting
  • Vibration Energy Harvesting
  • EM & RF Energy Harvesting
  • Thermal Energy Harvesting
  • Magnetic Energy Harvesting
  • Electric Energy Harvesting
  • Others

By Power Density:

  • 15 m W/cm3
  • 330 µ W/cm3
  • 116 µ W/cm3
  • 40 µ W/cm3
  • 960 n W/cm3

By End-use:

  • Building & Home Automation
  • Consumer Electronics
  • Industrial
  • Transportation
  • Healthcare
  • Security
  • Others

By Region:

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

Author:

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

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

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

About Future Market Insights (FMI):

Future Market Insights (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 market 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:       

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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FMI Analysis Affirms Global Oil and Gas Sensor Market Revenue Projected to Reach USD 14.1 Billion Milestone by 2034, Driving 5.6% CAGR Growth

The oil and gas sensor market is projected to register a CAGR of 5.6% from 2024 to 2034. The market is expected to be valued at USD 8.2 billion in 2024. The increasing amount of harmful gas emissions from various industries, including mining and vehicles, is expected to boost the demand for oil and gas sensors. The market is predicted to reach a valuation of USD 14.1 billion by 2034. The rising awareness toward environmental protection, comfort optimization, and technological advancements has led to the evolution of the oil and gas sensor market as a vital component of modern building infrastructure.

The oil and gas industry is experiencing a significant shift due to the rise of remote monitoring solutions and integration with IoT platforms. These solutions enable real-time data collection, analysis, and control, improving operational efficiency, safety, and cost savings. Sensor technology collects data on various aspects of operations, such as temperature, pressure, flow rates, and equipment status. The data is gathered through seamless communication between sensors, equipment, and central control systems. This allows operators to monitor critical parameters remotely, identify anomalies, and prevent equipment failures or production disruptions.

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Multi-parameter sensors are also in high demand in the oil and gas industry, providing comprehensive monitoring and optimization of various operational parameters while minimizing complexity and cost. These sensors can simultaneously measure key parameters, providing a holistic view of operations and enabling more informed decision-making. They also improve operational efficiency by reducing the need for multiple individual sensors and streamlining data collection and analysis processes. Furthermore, multi-parameter sensors enhance safety and risk management by detecting early abnormal conditions or potential hazards.

Key Takeaways from the Oil and Gas Sensor Market:

  • The United States oil and gas sensor market is projected to experience a CAGR of 5.9% through 2034.
  • Japan’s oil and gas sensor market is expected to demonstrate a CAGR of 3.8% through 2034.
  • The United Kingdom’s oil and gas sensor industry is anticipated to see a CAGR of 6.7% through 2034.
  • The South Korean oil and gas sensor industry is expected to showcase a significant CAGR of 7.6% through 2034.
  • The Chinese oil and gas sensor market is expected to display a CAGR of 6.4% through 2034.

“The oil and gas sector embraces digitization and remote monitoring to increase operational effectiveness, safety, and cost savings. Sensor technology allows operators to monitor important parameters remotely by gathering data on operational parameters in real-time. This makes it possible to plan for maintenance and allocate resources effectively,” Says Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.).

Competitive Landscape:

The oil and gas sensor market is witnessing a transformative shift driven by its key players’ focus on relentless innovation, strategic partnerships, and market expansion initiatives. These players are engaged in developing cutting-edge sensor technologies that cater to the specific requirements of the oil and gas sector, thus enhancing the efficiency, reliability, and safety of the industry’s entire value chain. These market players co-create solutions that address the sector’s evolving challenges and requirements through strategic collaborations with industry stakeholders and customers, driving adoption and market growth.

With the oil and gas sensor industry changing rapidly, key players use their global reach and distribution networks to break into new markets, grow their clientele, and acquire a competitive advantage. All things considered, their proactive attitude to innovation, teamwork, and market development is crucial in determining the course that the global oil and gas sensor market is going to pursue in the future.

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Recent Developments in the Oil and Gas Sensor Industry

  • NASA created an outstanding imaging spectrometer in September 2023 to monitor carbon dioxide and methane from orbit, focusing on “super-emitters” that account for a major portion of global emissions.
  • eLichens and Sequans collaborated in September 2023 to create the Avolta Natural Gas Detector, a battery-operated device using NB-IoT/LTE-M technology and Sequans’ Monarch-2 platform for methane detection.

Key Companies:

  • Honeywell International Inc.
  • Siemens AG
  • Emerson Electric Co.
  • ABB Ltd.
  • Yokogawa Electric Corporation
  • Bosch Sensortec GmbH
  • Drägerwerk AG & Co. KGaA
  • General Electric Company
  • Teledyne Technologies Incorporated
  • Endress+Hauser AG
  • Rockwell Automation, Inc.
  • Schneider Electric SE
  • Texas Instruments Incorporated
  • MSA Safety Incorporated
  • First Sensor AG
  • Analog Devices, Inc.
  • Amphenol Corporation
  • Sensirion AG
  • Spectris plc
  • Teledyne Gas and Flame Detection

Key Market Segments:

By Type:

  • Pressure
  • Temperature
  • Level
  • Vibration

By Connectivity:

  • Wired
  • Wireless

By Sector:

  • Upstream
  • Midstream
  • Downstream

By Region:

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

Author:

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

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

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Oil Accumulator Market Size Projected to Flourish at a CAGR of 8.1% from 2024 to 2034

The global oil accumulator market is poised for significant growth, reaching USD 51.2 billion in 2024. The revenue of oil accumulators is expected to witness a CAGR of 8.1% from 2024 to 2034. By 2034, the demand for oil accumulators is anticipated to attain a valuation of USD 112 billion.

Pollutants emitted into the environment during oil and gas drilling operations are becoming less common due to the increased demand for oil accumulators. The continuous exploration efforts for oil and gas globally propelled the oil accumulators market expansion.

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Capacitors Demand Rise to Meet Oil and Gas Accumulator Market Growth

As the need for crude oil develops globally, there is predicted to be a greater need for these capacitors. The oil accumulator market expansion is anticipated to be supported by growing end-use sector demand.

It is stated that the key catalysts of the oil accumulator system market expansion are the surge of exploration activities in the oil and gas industry. Due to the numerous environmental hazards and expanding health and safety concerns related to oil and gas production, the demand for oil accumulators is expected to grow.

Price Drop Endeavors Deterred by Surging Production Expenses

The market expansion of oil accumulators is likely to be constrained by certain obstacles and challenges. Many governments worldwide prefer sustainable energy sources over fossil fuels due to issues including drastic climate changes. It is anticipated that demand for crude oil is going to decline. These are the possible obstacles to the oil accumulator market expansion.

Regional Outlook

  • The expansion of the Asia Pacific market is likely to be stimulated by rising investments in offshore oil exploration and production operations throughout Southeast Asia. The demand for oil accumulators in the Asia Pacific is increased by the adoption of advanced hydraulic systems in several industries, including mining, building, and manufacturing.
  • Due to Europe’s focus on renewable energy sources, oil accumulators are integrated into hydraulic systems to store excess energy produced by solar and wind power. Technological advances in oil accumulator design and manufacturing processes foster market expansion in Europe, serving various industries.
  • Increased funding for infrastructure-building initiatives propels the adoption of oil accumulators in North America. The requirement for high-performance hydraulic systems and growing factory automation boost oil and gas accumulator market expansion in North America’s industrial sector.

“The rising demand for effective hydraulic systems across various sectors is expected to propel the market expansion of oil accumulators. The oil accumulator system market is expected to expand, accentuating the importance of technological developments and the growing emphasis on energy-efficient solutions in shaping industry dynamics.”, comments an analyst at FMI.

Key Takeaways:

  • South Korea’s oil accumulator device market is anticipated to boost at a CAGR of 10.5% between 2024 and 2034.
  • The United Kingdom oil accumulator market is envisioned to develop at a CAGR of 9.5% from 2024 to 2034.
  • China’s sales of oil accumulators are expected to surge at a CAGR of 8.9% between 2024 and 2034.
  • The United States oil accumulator market is anticipated to evolve at a CAGR of 8.4% through 2034.
  • The bladder accumulator segment in the type category is predicted to register a CAGR of 7.9% through 2034.
  • In the application category, the blow out preventer and well head control segment is envisioned to exhibit a CAGR of 7.7% from 2024 to 2034.
  • Japan’s oil accumulator market is likely to exhibit a CAGR of 6.3% from 2024 to 2034.

Competitive Landscape

Major oil accumulator vendors are expected to engage in product and technical innovation to create better, more efficient oil accumulators. Increasing their manufacturing capacity is expected to be a key priority for the main producers of oil accumulators. The oil accumulator manufacturers have expanded through agreements and contracts, mergers and acquisitions, partnerships, and collaborations to gain a larger market share.

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Key Players:

  • Hydac, Parker Hannifin
  • Bosch Rexroth AG
  • NIPPON ACCUMULATOR CO. LTD.
  • Technetics Group
  • Eaton Corporation PLC
  • Hannon Hydraulics

Key Segments:

By Type:

  • Bladder Accumulator
  • Piston Accumulator
  • Diaphragm Accumulator

By Application:

  • Blow Out Preventer and Well Head Control
  • Offshore Rigs
  • Mud Pumps

By Region:

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

Author:

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

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

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Digital Isolator Market to Reach $3.3 Billion by 2032, Expanding at a CAGR of 4.7%

The global digital isolator market is expected to grow at a 4.7% CAGR over the projected period. By 2032, the market will be valued $3.3 billion.

According to Future Market Insights, the global market would be worth US$2.1 billion by 2022. From 2022 to 2032, the market will produce US$ 3.2 billion in opportunities in absolute terms.

The industrial sector will see increased demand for digital isolators as remote sensing technologies become more prevalent. Motor control technology and tiny USB connectivity would also help to increase sales.

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The use of USB connections in industrial industries is growing along with the development of automated technology. Several of these factors would affect how the market for digital isolators develops.

Human intervention in industrial tasks is reduced by automation. It improves operational effectiveness even further.

Digital and automated system control technology is being widely implemented as a result of industrial facility automation. They include personal computers, domain controllers, and programmable logic controllers (PLCs).

Increasing demand for factory automation across industrial facilities is one of the key factors driving the global market. Applications of digital isolators in devices are driving the need for digital isolators across the industrial sector.

PLCs, wireless sensor equipment, and gadgets for motor coordination are among a few examples. The use of computerized equipment control devices and programmed logic controllers would also increase demand for sophisticated isolators.

In the industry 4.0 space, demand for programmable logic controllers would rise quickly. They offer a variety of advantages. High-speed Ethernet, great convenience, compact design, and increased flexibility are a few of them.

Key Takeaways from the Digital Isolator Market Study

  • The digital insulator market would create an absolute dollar opportunity of US$ 1.2 billion from 2022 to 2032.
  • The global digital isolator market witnessed a steady growth rate at a CAGR of 5.2% from 2017 to 2021.
  • North America digital insulator market stood at US$ 0.79 billion in 2021.
  • The USA digital isolator market size would surpass US$ 1.0 billion in 2032.
  • The United Kingdom digital isolator market would cross a value of US$ 153.2 million by 2032.

“Digital isolators improve a system’s stability and security by lowering signal interference between circuits. In electronic circuits, especially in industrial electronic devices, they use DC isolation.” – Says a lead analyst.

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Competitive Landscape

To create new goods, leading market participants in the digital isolator industry are conducting research and development. A few businesses that want to expand their presence are concentrating on mergers, acquisitions, and partnerships.

For instance,

  • In February 2022, GL Microelectronics Technology raised around US$ 15.8 million from Shenzhen Capital Group and Cowin Capital. GL Microelectronics Technology is a newly founded company. It manufactures digital magnetic isolators based on integrated MEMS and CMOS technology.
  • In August 2020, Silicon Laboratories, Inc. declared that Tesla is building its Gigafactory in Austin. It will be helpful for Silicon Labs to suffer less through the COVID-19 times. Tesla is already a customer of the semiconductor manufacturer. Silicon Laboratory is focusing on isolation technology. It would help 100V robots receive commands from a 2V processor. Tesla is the first customer of the new isolation integrated circuits. Currently, all the remaining manufacturers of electric vehicles are following the same path. The company generated a total revenue of around US$ 208 million.

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Future Market Insights, in its new offering, presents an unbiased analysis of the digital isolator market, presenting historical market data (2017 to 2021) and forecast statistics for the period of 2022 to 2032.

The study reveals extensive growth in the digital isolator market in terms of data rate (less than 25 Mbps, 25 Mbps to 75 Mbps, more than 75 Mbps), channel (2 channel, 4 channel, 6 channel, 8 channel), vertical (industrial, automotive, healthcare), and region.

About the Technology Division at Future Market Insights

Future Market Insights’ highly experienced technology team aids companies from all over the world with their specific business intelligence needs through professional research, actionable insights, and strategic recommendations. With a library of over a thousand research and 1 million+ data points, the team has spent over a decade analyzing the technology business across 50+ countries. From start to end, the company provides unrivalled research and consulting services. Please get in touch with us to see how we can help.

Global Digital Isolator Market Outlook by Category

By Data Rate:

  • Less than 25 Mbps
  • 25 Mbps to 75 Mbps
  • More than 75 Mbps

By Channel:

  • 2 channel
  • 4 channel
  • 6 channel
  • 8 channel

By Vertical:

  • Industrial
  • Healthcare
  • Automotive
  • Others

By Region:

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

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Increasing Investment in Infrastructure Drives Global FRP Bridge Market Share Towards USD 1 Billion by 2034, Fueled by CAGR of 6.10% | Future Market Insights, Inc.

The global market size for FRP bridges is estimated to be around USD 573.30 Million in 2024. It is projected to exhibit a CAGR growth of 6.10% over the forecast period, with an estimated market size of USD 1 Billion in 2034.

Infrastructure development projects are on the rise globally, particularly in countries like India, China, and the United Kingdom. These projects require sturdy and durable bridge materials that can withstand the test of time. This has opened new doors for FRP bridges, which have numerous advantages over traditional bridges made from materials like steel and concrete.

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Governments worldwide are promoting the use of sustainable and durable construction materials due to the rising awareness of the environmental impact on the surroundings. Engineers and architects are also recognizing the benefits of FRP bridges in terms of longevity and cost-effectiveness. This is why, there is a growing demand for FRP bridges in the construction and infrastructure development sector.

Urbanization and modernization are also expanding in countries like Japan, China, and India, leading to the construction of new bridges and the renovation of existing ones, leading to lightweight bridge solutions being in demand, particularly in areas with challenging terrain or environmental conditions. Innovations in FRP technology have also led to enhanced strength and durability of bridge structures, making them ideal for these projects.

Key Takeaways from the Market Study:

  • The glass fiber segment dominates the global FRP bridge market with a CAGR of 80%.
  • On the basis of the resin type, the vinyl ester segment leads the FRP bridge market with a CAGR of 70%.
  • The FRP bridge market in the United States is anticipated to grow at a CAGR of 30% through 2034.
  • The FRP bridge market in China is estimated to rise at a 40% CAGR through 2034.
  • The FRP bridge market in Japan has the potential to increase at 50% CAGR through 2034.
  • The United Kingdom’s chemical vapor deposition market is predicted to rise by 90% CAGR through 2034.
  • The chemical vapor deposition market in South Korea is very likely to grow at a CAGR of 10% through 2034.

“Product development and keeping up with the latest innovations in the industry is very essential in this market. Companies in the FRP bridge market must invest in research and development to innovate new FRP bridge solutions, such as modular systems, pedestrian bridges, and trail bridges. This will help them enhance durability, ease of installation, and performance in various environmental conditions,” – opines Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).

Competitive Landscape:

  • FRP bridges are becoming increasingly popular due to their lightweight, durable, and corrosion-resistant nature.
  • The market for FRP bridges is highly competitive, with many companies worldwide vying for a share of the market.
  • Some of the most prominent companies in this market include B&B FRP Manufacturing Inc., Bedford Reinforced Plastics, Composite Advantage, LLC., Creative Pultrusions, Inc., CTS Bridges Ltd, etc.
  • Key players in the market often collaborate with government bodies and defense entities to develop innovative solutions that meet specific infrastructure and defense requirements.

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Key Companies Profiled:

  • B&B FRP Manufacturing Inc.
  • Bedford Reinforced Plastics
  • Composite Advantage, LLC.
  • Creative Pultrusions, Inc.
  • CTS Bridges Ltd
  • Strongwell Corporation
  • Hughes Brothers, Inc.
  • Fibrelite
  • Exel Composites
  • RS Technologies Inc.
  • Tuf-Bar
  • Diversified Structural Composites
  • Kenway Corporation
  • Ten Cate
  • Martin Marietta Composites
  • Owens Corning
  • AIT Bridges
  • ACE Advanced Composite Engineering GmbH
  • Sireg Geotech Srl
  • Molded Fiber Glass Companies

FRP Bridge Market Segmentation Analysis:

By Type:

  • Glass Fiber
  • Carbon Fiber

By Resin Type:

  • Vinyl Ester
  • Polyester
  • Others

By Manufacturing Process:

  • Pultrusion
  • Hand Lay-Up

By Region:

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

Author:

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

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

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

About Future Market Insights (FMI):

Future Market Insights (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 market 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:       

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Chip-On-Board LED Market Projected to Soar to $297 Billion by 2032 with a Robust CAGR of 28.9%

The market for chip-on-board light emitting diodes (LEDs) is anticipated to be worth US$ 297.0 billion by 2032. In 2022, the market is anticipated to be valued $23.5 billion USD. It would grow at a 28.9% CAGR between 2022 and 2032.

The chip-on-board approach involves placing exposed silicon bits directly on a substrate or printed circuit board. Light-emitting diodes are packaged with a metallic or non-conductive adhesive. Wire bonding provides extra electrical connection. Its packaging design is more versatile and capable of light dispersal.

The fundamental advantage of chip-on-board LEDs is that they take up less space. They also consume less energy than usual. They are of great quality, have a long lifespan, are extremely reliable, and have better heat control. These LEDs produce more effective colour blending and lighting effects. They help to improve the user experience.

Because of their high intensity and uniform brightness, they are ideal for high power applications. The transition from traditional lighting to silicon lighting technologies has increased the popularity of this type of LED.

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The market for chip-on-board LEDs would increase significantly during the next ten years. Technological advancements and cost reductions will accelerate market expansion. A few significant drivers influencing growth are urbanisation, government initiatives, and increased infrastructure spending.

In terms of advantages, chip-on-board LEDs beat competing technologies such as incandescent and CFL lighting. As a result, governments in a number of countries are putting this technology into practise.

These LEDs are in high demand due to their expanding use in a variety of lighting application categories. A rapid drop in the median price of LEDs would also increase purchasing. When compared to competing technology, these LEDs are more expensive. They also necessitate a complicated manufacturing process.

Key Takeaways from Chip-on-Board Light Emitting Diode (LED) Market

  • The global chip-on-board light emitting diode market exhibited a CAGR of 38.1% in the historical period.
  • Asia Pacific chip-on-board light emitting diode market would reach a valuation of US$ 143.1 billion in 2032.
  • The USA chip-on-board light emitting diode market would be worth US$ 46.7 billion by 2032.
  • The China chip-on-board light emitting diode market would reach US$ 74.4 billion by 2032.
  • Based on application, the illumination segment would exhibit a CAGR of 28.7% from 2022 to 2032.

“Several governments are replacing CFLs and incandescent bulbs with chip-on-board light-emitting diodes. The sector is expanding as a result of accelerated urbanization and rising infrastructure spending.” – Says a lead analyst.

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Competitive Landscape: Chip-on-Board Light Emitting Diode (LED) Market

Top market players are constantly thinking of new, creative ways to offer high-quality products. Their innovations and goods are being patent protected. Their product lineups need to be increased.

Reputable firms, who presently have a modest portion of the industry, are always working to increase their visibility. In the chip-on-board LED industry, they are working with regional businesses.

For instance,

  • In May 2022, Excelitas Technologies introduced the upgraded Omnicure LX500 LED spot UV Curing controller and LED Heads. The redesigned LX500 Controller with V3 UV LED Heads offer a built-in calibration. It also provides an industry-leading light performance. When used as a whole, the OmniCure LX500 UV LED Spot Curing System offers physical state consistency and process improvement. It is meant for a range of manufacturing applications in the medical, electrical, and industrial domains.

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Future Market Insights, in its new offering, presents an unbiased analysis of the chip-on-board light emitting diode (LED) market, presenting historical market data (2017 to 2021) and forecast statistics for the period of 2022 to 2032.

The study reveals extensive growth in the chip-on-board light emitting diode (LED) market in terms of application (illumination, automotive, backlighting) and region.

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Chip-On-Board Light Emitting Diode (LED) Market Outlook by Category

By Application:

  • Illumination
    • Residential
    • Office Space
    • Industrial
    • Shop Area
    • Hospitality Industry
    • Outdoor Lighting
    • Architectural
  • Automotive
    • Interior
    • Exterior
  • Backlighting
    • LED Television
    • Monitor
    • Handheld
    • Screen Display Lighting

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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