Driving Growth: Electronic Materials and Chemicals Market Fueled by Nano Products and Semiconductor Demand

Surging demand for electronic chemicals and materials from the electronic industry is propelling market growth. Electronic chemicals and materials are utilized for cleaning, etching, and servicing semiconductors so as to drive performance efficiency.

The electronic materials and chemicals industry is forecast to experience a growth of 5.6% CAGR over the estimated time period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 74,679 million in 2023.

Technological advancements in the electronics industry are another factor fueling the demand for electronic materials and chemicals. Inclining preference for nanotechnology in NEMS and MEMS devices has yielded significant market opportunities. Additionally, increasing proclivity toward smart technologies and connected devices is boosting the demand for AI and IoT-powered devices for improved and safe functionality. Thus, stimulating demand for electronic chemicals and materials.

The establishment and further growth of corporate companies boost the consumption of electronic devices like smartphones, computers, air conditioners, and laptops that depend heavily on electronic circuits and chips. Moreover, the expansion of the IT hardware sector is presenting growth avenues for electronic materials and chemicals. Nonetheless, factors like the high cost of operations and complex regulations are expected to obstruct market growth.

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Demand for compact-sized gadgets due to the presence of more features in a singular device is expected to propel demand for silicon wafers throughout the world. In addition, the miniaturization of semiconductor devices is further expected to propel market development over the next ten years.

Top Highlights from the FMI’s Analysis of the Electronic Materials and Chemicals Market: 

  • The United States electronic materials and chemicals industry is expected to have a large stake of 25.2% in 2023. Due to rapid innovation and the high density of manufacturers in the country, the market is expected to observe significant growth in terms of revenue.
  • Germany is a prominent market in Europe and contributes 8.8% market share in the global market. In the coming years, manufacturers are expected to expand and invest in the regional market to reap significant profits later on.
  • Japan is projected to account for a 3.6% value share in 2023. The country is expected to observe more manufacturers willing to explore the growth prospects in later years.
  • Australia is expected to record a market share of 3.1% in 2023. This market has the potential to grow as manufacturers are looking for more unexplored markets to realize their potential.
  • China and India are expected to register a CAGR of 4.5% and 5.2%, respectively, over the forecast period. The countries are expected to have significant expansion prospects for businesses over the forecast period.
  • Under the product type, the solid segment is expected to account for 34.1% market share in 2023.
  • Based on application, the silicon wafers segment is projected to attain a 48.4% market share in 2023.

Winning Strategies to Gain More Market Share

The competitive landscape of the electronic materials and chemicals industry is fragmented. The players are employing strategies like acquisition, business expansion, and partnership to expand their market presence. Firms are increasing their capacities to cater to customer requirements, primarily from the electronics industry. Recent developments in the market include:

  • In 2021, Air Products commenced a new air separation facility in Arizona to develop oxygen and nitrogen for electronics applications.
  • Linde began a new ASU in 2020 to cater to the demand for industrial gases in South Korea.

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Key players in Electronic Materials and Chemicals Market

  • Air Products & Chemicals Inc.
  • Bayer Ag
  • Albemarle Corporation
  • Ashland Global Specialty Chemicals Inc.
  • BASF Electronic Chemicals

Electronic Materials and Chemicals Market Key Segments:

By Product:

  • Liquid
  • Gaseous
  • Solid

By Application:

  • Silicon Wafers
  • PCB Laminates
  • Specialty Gases
  • Wet Chemicals and Solvents
  • Photoresist
  • Others

By End Uses:

  • Semiconductors and Integrated Circuits
  • Printed Circuit Boards

By Region:

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

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Rising Demand in Key Industries Boosts Corrosion Inhibitors Market to USD 12.4 Billion by 2032

According to a recent study done by FMI, the corrosion inhibitors industry is anticipated to have a prodigious CAGR of 4.1% during the period of 2022 to 2032. The market is anticipated to reach US$ 12.4 Billion in 2032, from US$ 8.3 Billion in 2022. The market was valued at US$ 7.9 Billion in 2021 and is expected to grow with a Y-O-Y growth rate of 5.0%.

Infrastructural growth related to electricity demand, clean water demand, fuel demand, transportation demand, and construction demand are expected to boost the market for corrosion inhibitors in the forthcoming years.

This study explains that an increase in the demand for corrosion inhibitors in various industries such as pulp & paper, chemical processing, oil & gas, petroleum, and metals to protect from corrosion has led to higher demand from emerging countries.

Infrastructural development in economies such as China, India, Brazil, and South Korea, are expected to undergo infrastructural development and boost industrial activities for the growth of their economies.

An increase in the demand for corrosion inhibitors in various industries such as pulp & paper, chemical processing, oil & gas, petroleum, and metals to protect from corrosion has led to higher demand from emerging countries, in particular. Cooling water is the largest segment for corrosion inhibitors in the water treatment process to protect the metal machinery from the water flow.

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Key Takeaways from the Market Study

“Infrastructural growth related to electricity demand, clean water demand, fuel demand, transportation demand, and construction demand are expected to influence the Corrosion Inhibitors Market during the forecast period,” remarks an FMI analyst.

Key Segments Covered in The Corrosion Inhibitors Market Study:

By Compound:

By Application:

By Type:

By End-Use Industry:

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Competitive Landscape:

Players in the global Corrosion Inhibitors Market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some of the recent developments among the key players are:

Regional Insights

Corrosion inhibitors are increasingly being used in several industries to prevent or reduce the rate of corrosion of metals. The Corrosion Inhibitors Market report by Future Market Insights presents a comprehensive assessment of the important parameters of the Corrosion Inhibitors market at both global and regional level. The Corrosion Inhibitors market report contains detailed information about the key players operating in the Corrosion Inhibitors market, along with their company profiles, business overviews, financial information, recent developments, and SWOT analysis.

The Corrosion Inhibitors market is expected to grow at a significant CAGR during the forecast period from 2022 to 2032. Rapid industrialization in Asia Pacific has resulted in increased demand for corrosion inhibitors from power generation and other end-use industries. The growing chemical and metalworking sectors in developing economies such as India and China are also projected to contribute significantly to the Corrosion Inhibitors market growth in the near future.

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.

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Sports Bottle Market to Achieve US$ 9,652.5 Million by 2034, Driven by Technological Innovations and Eco-Friendly Materials

Sports Bottle Market
Sports Bottle Market

Future Market Insights (FMI) has released a new report projecting significant growth for the global sports bottle market over the next decade. The market is expected to expand at a CAGR of 4.20% from 2024 to 2034, reaching a value of US$ 9,652.5 million by 2034. The growing demand for smart features and sustainable materials are key factors driving this growth.

Core Concepts in the Sports Bottle Industry

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Demand Analysis of Sports Bottle Market Growth:

  1. Innovative Features: Leading players in the sports bottle market are continually introducing advanced features to cater to consumers’ specific demands. These features, including built-in straws, leak-proof lids, and various insulation technologies, enhance the durability, functionality, and convenience of sports bottles, meeting the needs of active lifestyles.
  2. Customization Options: Companies are offering customization alternatives, allowing customers to personalize their bottles with colors, patterns, and logos. This approach enhances the overall customer experience by accommodating personal preferences and fostering a sense of ownership.
  3. Sustainability: In response to rising environmental concerns, companies emphasize sustainability by using eco-friendly materials such as recycled plastic and promoting bottle recycling and reuse initiatives. This strategy appeals to environmentally conscious consumers, aligning with their values and preferences for sustainable products.

Growth Drivers for the Sports Bottle Market:

  1. Technological Innovations: Incorporating modern technology into bottle designs is a significant factor propelling the sports bottle market. Key companies are introducing features like temperature management, advanced sensors to monitor hydration levels, and Bluetooth connectivity to integrate with fitness applications. These technological advancements enhance the user experience and meet the evolving needs of tech-savvy consumers seeking utility and convenience in sports bottles.
  2. Eco-Friendly Materials: The shift towards using environmentally friendly materials in sports bottle manufacturing is another critical growth driver. Consumers are increasingly opting for products that align with their environmental values, and companies are responding by using recycled materials and promoting sustainable practices.

Challenges in Sports Bottle Manufacturing:

  1. Pricing Competition: Fierce competition among players in the sports bottle industry can pressure prices and reduce profit margins. Manufacturers must navigate this competitive landscape while maintaining quality and innovation.
  2. Logistics Challenges: Global supply chain disruptions can impact production and distribution capacities, posing a challenge for manufacturers. Delays in logistics or shortages of materials can hinder growth prospects and affect the timely delivery of products.

Key Companies Profiled:

Product Portfolio:

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About the Packaging Domain at Future Market Insights:

The packaging domain at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with the objective 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 market lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

Key Segments Profiled in the Sports Bottle Market

By Material:

By Product:

By Capacities:

By Region:

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.

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Europe Wood Pellet Heating System Market is expected to reach US$ 8,082.8 million by 2034, With a 3.50 % CAGR

The Europe wood pellet heating system Industry is estimated to be worth US$   5,730.1 million in 2024 and is projected to be valued at US$ 8,082.8 million in 2034. Between 2024 and 2034, the industry is expected to register a CAGR of 3.50%.

Numerous European countries have put supportive laws and incentives in place to encourage using renewable energy sources, such as wood pellets. These laws might set renewable energy goals, tax breaks, grants, and subsidies, all of which would foster a climate conducive to the growth of the wood pellet heating sector.

The public’s knowledge of the advantages of utilizing renewable energy sources, such as wood pellets, for the environment has grown. Customers are more eager to spend money on eco-friendly heating solutions as environmental concerns gain popularity, driving the market growth in Europe.

The necessity for sustainable energy solutions and renewable heating sources like wood pellets has increased awareness of climate change. Wood pellet heating systems are becoming increasingly popular among consumers and companies who want to lessen their carbon footprint and support environmental preservation.

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Wood pellet heating systems are renowned for their excellent efficiency and minimal emissions compared to conventional heating systems. Wood pellet heating systems are becoming a more appealing choice as consumers and companies prioritize energy efficiency to lower energy expenses and their environmental effects.

Key Takeaways

“The development of wood pellet heating systems in Europe has been fueled by a confluence of variables including economic incentives, regulatory assistance, technological breakthroughs, and environmental consciousness,” says Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.).

Competitive Landscape

Companies invest in research and development to enhance wood pellet heating systems’ performance, efficiency, and features. This includes developing advanced control systems, improving combustion technology, and designing aesthetically pleasing products to meet consumer preferences.

Top 10 Key players in the Europe wood pellet heating system Industry

Top of FormMore Valuable Insights Available

Future Market Insights offers an unbiased global   market analysis, providing historical data from 2019 to 2023 and forecast statistics from 2024 to 2034

To understand opportunities in the   industry, the industry is segmented based on Product type ( Boilers, Stoves, Fireplaces, Biomass Gasifiers ) By End Use (Residential, Commercial, Industrial )Region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, Middle East, and Africa)

Purchase this report now to get key companies with their Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis.

Key Segments of Europe Wood Pellet Heating Systems Industry Survey

By Product:

By End Use:

By Country:

About the 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
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Christiana Corporate, 200 Continental Drive,
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Global Commercial RAC PD Compressors Market Poised to Reach USD 8 Billion by 2033, with a CAGR of 4.2%

Prominent Growth Factors Include Rising Demand in Food & Beverage Industries, Emphasis on Energy Efficiency, and Technological Advancements

Future Market Insights (FMI), an ESCOMAR certified market research and consulting firm, has released a comprehensive report forecasting the growth trajectory of the global commercial RAC PD compressor market. According to the report, the market was valued at USD 5.1 billion in 2022 and is projected to reach a valuation of USD 8 billion by 2033, exhibiting a steady Compound Annual Growth Rate (CAGR) of 4.2% during the period from 2023 to 2033.

Rising Demand in Various Industries Fuels Market Expansion

The increasing application of commercial RAC PD compressors in the food and beverage industries is expected to drive the market’s growth. As the emphasis on energy-efficient and environmentally friendly refrigeration and air conditioning systems continues to grow, the demand for these compressors is escalating. Leading players in the commercial RAC OD compressor market are adopting advanced technologies, thereby propelling the demand for RAC PD compressors across various industries. Additionally, the rapid advances in technology are paving the way for new growth prospects for manufacturers in the commercial RAC PD compressor segment.

Expanding Commercial Infrastructure Drives Demand

The current focus on developing greener and more efficient air conditioning systems to reduce carbon dioxide emissions has led to increased sales of commercial freezer compressors. The rising number of educational institutions, offices, hospitals, and shopping malls worldwide is expected to further boost compressor sales. The market is also benefiting from the popularity of new-generation cooling appliances equipped with advanced features. Particularly in regions experiencing extreme heat conditions, the demand for air conditioners is on the rise, consequently driving compressor sales.

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Key Players’ Initiatives and Competitive Landscape

The global commercial RAC PD compressor market is characterized by a high degree of fragmentation, with numerous players vying for market share. Many of these companies are pivoting towards hydrocarbons like R290 and R600a, driven by stringent government policies supporting the use of environmentally friendly commercial freezer compressors. In addition, some key players are adopting innovative technologies such as Intermediate Discharge Valves (IDV) and introducing inverter (variable) speed compressors to enhance part-load efficiency.

For instance, in January 2022, Thermo King, a USA-based manufacturer of transport temperature control systems, announced its plans to transition to a lower Global Warming Potential (GWP) refrigerant for its trailer and truck units. This move is expected to reduce the carbon footprint of refrigerants utilized by customers’ delivery fleets by approximately 50%. Similarly, in August 2021, Emerson, a US multinational corporation, unveiled its new 36kW inverter drive solution and Copeland 110cc variable speed scroll compressor, aimed at offering energy-saving improvements for various commercial air-conditioning applications.

Top 10 Key Players:

Regional Insights: Growth Contributors

While the market’s growth is global in nature, certain regions have emerged as significant contributors. North america has witnessed substantial growth in the commercial RAC PD compressor market due to. This growth trajectory is projected to continue over the forecast period, solidifying north america as a vital hub for the global market expansion.

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Commercial RAC PD Compressor Market by Category

By Product Type:

By Cooling Capacity:

By Refrigerant:

By End-use Sector:

By Region:

Refining Intelligence: Unveiling Strategic Perspectives to Drive Market Expansion in Commercial RAC PD Compressor Segment
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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:

Future Market Insights Inc.
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Industrial Robotic Motors Market Growth Drivers and Challenges: CAGR of 14% and USD 4.6 Billion Forecasted by 2033

The industrial robotic motors Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the industrial robotic motors market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for industrial robotic motors. It furnishes intricate revenue and shipment segmentations, accompanied by a decade-long projection up to 2033. Additionally, the document evaluates key industry players, their market distribution, the competitive scenario, and regional perspectives.

The industrial robotic motors market is on the brink of a remarkable transformation, with projections indicating it will reach a staggering valuation of USD 1.2 billion by the end of 2023. What makes this ascent even more impressive is the expectation of a meteoric Compound Annual Growth Rate (CAGR) of 14% throughout the forecast period from 2023 to 2033, ultimately propelling the market to an unprecedented USD 4.6 billion by 2033.

The surge in the industrial robotic motors market can be attributed to a confluence of compelling driving factors, poised to reshape the global landscape:

  1. Automation Revolution: The unrelenting march toward automation across various industries is the linchpin of this market’s rapid growth. The relentless pursuit of efficiency and precision in manufacturing processes has been the catalyst for the increasing adoption of industrial robots, consequently driving the demand for cutting-edge robotic motors.
  2. Technological Advancements: Pioneering technological innovations in robotic motor design, such as the integration of smart sensors, enhanced power density, and superior energy efficiency, have unlocked new realms of possibilities in the world of automation. These breakthroughs have enabled industries to achieve previously unimaginable levels of productivity and precision.
  3. Economic Viability: The ever-improving cost-effectiveness of industrial robotic motors has tipped the scales in favor of widespread adoption. Businesses are now recognizing the long-term cost-saving potential of automation, further incentivizing investments in robotic motor solutions.
  4. Global Supply Chain Optimization: The quest for global supply chain optimization has driven the need for nimble and adaptable robotic systems. Industrial robotic motors are at the core of this revolution, providing the agility and scalability required to meet the demands of today’s interconnected world.

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However, amidst this exhilarating growth trajectory, there are notable restraints that necessitate consideration:

  1. High Initial Investment: While the long-term benefits of industrial robotic motors are undeniable, the initial investment required for procurement and integration can be substantial. This cost barrier can be a deterrent for some businesses, particularly smaller enterprises.
  2. Skilled Workforce: The successful implementation of industrial robotic systems demands a workforce skilled in robotics, automation, and maintenance. The shortage of qualified personnel poses a challenge to businesses looking to harness the full potential of these systems.
  3. Regulatory Compliance: The evolving landscape of regulations and safety standards in the field of robotics can pose compliance challenges for businesses, adding complexity to the adoption process.

Key Market Trends and Highlights

Surge in Collaborative Robots: The adoption of collaborative robots (cobots) is on the rise, propelling the demand for compact, high-precision motors. These motors play a pivotal role in ensuring the safe operation of cobots alongside human workers, underlining the significance of sensor-integrated motor technology.

Focus on Energy Efficiency: Energy efficiency stands as a paramount concern in the industrial robotics market. Manufacturers are actively developing motors with enhanced efficiency ratings to curtail operational costs and align with global environmental initiatives, emphasizing sustainability as a core value.

IoT Integration and Sensor Technology: Industrial robotic motors are rapidly integrating IoT capabilities, sensors, and predictive maintenance features. These advancements enable real-time monitoring and data collection, ultimately optimizing performance and minimizing downtime. This marks a critical leap towards smarter, more efficient robotic systems.

Customizable and Modular Solutions: Industries are increasingly seeking customizable and modular motor solutions to cater to specific application requirements. Modular motor designs offer unparalleled flexibility, empowering manufacturers to configure robotic systems that adapt seamlessly to evolving production needs. This trend underscores the industry’s commitment to adaptability and efficiency.

The ongoing need for non-delay operations in a number of industries, in the view of rising product demand and shrinking workforce, has led to an incessant rise in the adoption of robotic technology, and the result is likely to lead to an increased demand for industrial robotic motors, according to the FMI analyst.

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Competitive Landscape

Leading enterprises in the global industrial robotic motors market are dedicated to the integration of cutting-edge technologies into their automation solutions, aimed at streamlining and enhancing manufacturing processes. Simultaneously, other prominent firms are actively engaging in collaborative efforts, including alliances, mergers, and strategic partnerships, to advance the development of robot arm motors.

Key Players:

In February 2022, Comau and IUVO unveiled wearable robotics products with the objective of improving operator efficiency during manual load transfers. This innovative approach seeks to enhance worker health by reducing lower back fatigue.

In January 2022, Yaskawa Electric Corporation further bolstered its presence in the sealing system and robotic painting markets by acquiring additional holdings in Doolim-Yaskawa Co., Ltd. These strategic moves exemplify the industry’s commitment to innovation and expansion.

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Industrial Robotic Motors Market by Category

Motor Type:

Robot Type:

Fit Type:

Region:

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:

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Global Collaborative Robots Market Analysis: Industry Valued at USD 20.5 Billion by 2033, Projected to Grow at 25.1% CAGR

The potential to safeguard people is a crucial factor driving the sales of collaborative robots. Moreover, it manages the supplies that individuals might need when they shift to remote working and home learning. Besides, the introduction of 5G technology is projected to accelerate the deployment of cobots in the industrial industry. Nokia Corporation’s delivery of an industrial grade 5G wireless network to suit the requirements of Industry 4.0 is an example of such progress. The 5G wireless solution’s low-latency connectivity is estimated to assist OEMs in improving robotic automation and increasing the productivity, quality, and efficiency of manufacturing operations.

The global collaborative robots market is projected to record a high-paced CAGR of 25.1% during the forecast period. The current valuation of the collaborative robots market is USD 2.2 billion in 2023 and is anticipated to reach a high of USD 20.5 billion, by the year 2033.

The use of robots in industrial operations has also lowered the amount of workplace accidents. Furthermore, they significantly improve product quality, which in turn are growing demand across a wide range of businesses and sectors. Several retailers and e-commerce behemoths have begun to invest in robotic technology, which play an important role in managing their logistics and supply chain activities. These businesses are currently implementing robotics to aid their warehouse workers. Growing demand for cobots in the logistics sector is expected to give profitable growth opportunities for the business over the predicted timeframe.

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According to OICA, China was the predominant market for motor vehicle manufacturing in 2021, with more than 26 million automobiles and commercial vehicles manufactured. This amount was considerably higher than the total of the other nations’ output values.

However, the initial high expense necessary for acquisition, integration, programming, accessories, and maintenance, among other things, may limit expansion. Furthermore, a lack of skilled personnel in undeveloped and developing countries is a significant factor impacting progress.

Key Takeaways:

Competitive Landscape:

Owing to the existence of both foreign and local rivals, the global collaborative robots market share is fragmented. Many companies have a substantial market share in their respective businesses. Organic advances, such as product approvals and the incorporation of artificial intelligence (AI) and machine learning (ML) technology in industrial robots, are commonly valued by large corporations. These factors are anticipated to very certainly drive the global collaborative robots market ahead.

Key Players:

Recent Developments:

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Key Segments Profiled in the Collaborative Robots Market Survey

By Payload Capacity:

By Application:

By End Use:

By Region:

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 Passenger Boarding Bridge Market to Grow at 8% CAGR from 2023 to 2033, Surpassing USD 4.43 Billion

The market for passenger boarding bridges is estimated to develop at an 8% CAGR between 2023 and 2033. The airline industry’s fast automation and growing emphasis on safety measures are driving demand for passenger boarding bridges.

The market for passenger boarding bridges is expected to grow at a compound annual growth rate (CAGR) of 8% between 2023 and 2033. The demand for passenger boarding bridges is being driven by the aviation industry’s rapid automation and growing emphasis on safety measures.

The market’s total valuation was estimated at US$ 2.05 billion in 2023, and by 2033, it is projected to reach US$ 4.43 billion.

According to the FMI study, the market for contact and convective dryers is growing as a result of a growing emphasis on industrial drying as a necessity for maintaining product quality. Industrial drying is still one of the most demanding unit processes, and as end-user industries work to improve “operational efficiency,” this need is only going to get stronger.

The strong outlook of the global airport infrastructure construction, coupled with the escalating convenience expectations of passengers, is shaping the dynamics of the passenger boarding bridge market.

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Getting everyone on board in a safe and sound way has garnered increased traction from airport authorities, in line with the substantial rise in air traffic over the years. Safety and ease have taken center stage in every PBB development process, with companies vying to offer a win-win offering to passengers and operators, alike.

It will be unsurprising to witness a large number of advanced PBBs, as market players shift their focus on the development of AI-based automatic jet bridges that eliminates the need for skilled individuals, to close the gap between 10 cm.

Market players have been strategically devising approaches and investing in developing a differentiated passenger experience, to win the price war and appeal a wide pool of end-users. As automation of operational processes becomes increasingly commonplace in airports, it is highly likely for the market to witness substantial optimistic waves of change in the manufacturing of jet bridges.

As per the study, mobile telescopic bridges are witnessing increased traction from airlines, which led to sales of ~1,500 units in 2021, owing to their high flexibility and advanced features. An increasing number of companies have shifted their preference to mobile telescopic bridges over T-bridges, as the former can accommodate a wide range of aircraft while allowing easy installation as per various apron configurations.

The study opines that as airports are increasingly shifting their objective towards providing a luxury experience to passengers, the demand for glass-walled passenger boarding bridges has grown significantly.  The aesthetic aspect of glass-walled passenger boarding bridges, which lies in the fact that these bridges make the experience of boarding the aircraft less confining has been pushing their adoption across an increased number of airports.

As per the study, glass-walled passenger boarding bridges accounted for ~65% of the market volume share in 2021.

Developing Regions – Hotbed of Opportunities for Stakeholders 

In view of the growing lucrativeness of developing regions, such as the Asia Pacific, leading players in the passenger boarding bridge market have placed their focus on securing contracts for PBB supply in these countries. Asia’s proliferating commercial aviation sector has positioned the region as the largest and fastest-growing market for airport infrastructure investments in the world.

Several partakes have already shifted their goal coasts to the Asia Pacific and managed to obtain long-term supply contracts in the region. For instance, In September 2017, ADELTE landed in India with a contract for 12 airports, while seeking a long-term relationship to secure sales.

A large number of market players in the Asia Pacific are constantly investing in technology to cope up with the growing passenger expectations related to convenience and ease. For instance, in January 2018, China International Marine Containers developed the world’s first automatic intelligent boarding bridge, which is likely to go functional in the Netherlands’ Schiphol Airport by 2019-end.

Furthermore, the lucrativeness of the region will remain intact in line with the upcoming Olympics and international sports events to be held in the region, which is highly likely to push the tourists to flow into the region.

Key Companies Profiled:

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Key Segment:

Product:

Structure:

Type:

Drive System:

Region:

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 is 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 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Large Industrial Displays Market Anticipated to Grow at 6.4% CAGR and Reach USD 5.2 Billion by 2033

The significant expansion of industrial automation across a diverse range of sectors is serving as a pivotal catalyst, driving substantial growth in the Large Industrial Displays Market over the projected timeframe. These expansive displays play a crucial role in facilitating the visualization and monitoring of intricate data, nuanced process controls, and real-time production information. This underscores their indispensable nature in modern industrial operations.

Projections suggest that the global market for large industrial displays is positioned to achieve a valuation of approximately USD 2.8 billion by 2023, driven by increased adoption across various industries. Moving forward, the market is expected to reach USD 5.2 billion by 2033, demonstrating a Compound Annual Growth Rate (CAGR) of 6.4% from 2023 to 2033.

One of the primary drivers of this growth is the expanding use of industrial automation across diverse sectors. These larger displays play a crucial role in visually representing and monitoring complex data, process controls, and production insights. Additionally, the growing digitalization in sectors like pharmaceuticals, where accurate product counting is essential for standardized packaging, has led to the strategic implementation of these displays.

Continuous innovation and advancements in display technologies are further fueling the market’s momentum. The emergence of digital signage and lightweight Organic Light Emitting Diode (OLED) displays is fostering a thriving trend within the large industrial displays market. Moreover, the widespread adoption of the Internet of Things (IoT) is also contributing favorably to the market’s growth trajectory.

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The increase in manufacturing capacities across various industries in nations like the United States and Canada, combined with the rapid advancement of automation and technology, has led to a significant rise in the demand for large industrial display systems. This heightened demand is primarily driven by the increasing focus on automation and the Internet of Things (IoT), which is expected to significantly influence market dynamics and sales trends for large industrial displays in the East Asian region.

Key Takeaways from the Market Study

These insights from the market study provide valuable perspectives on the growth trends and potential opportunities within the large industrial displays market.

Competitive Landscape

The global market for large industrial displays demonstrates fragmentation, with the concurrent presence of numerous substantial and medium-sized participants. Prominent entities within this market are actively allocating resources towards strategic agreements, aiming to secure a more significant portion of the market share.

Prominent players in the large industrial displays market are:

Some key developments of the leading companies in this market are:

Several prominent companies in the market have achieved noteworthy advancements.

Know More about What the Large Industrial Displays Market Report Covers

Future Market Insights offers an unbiased analysis of the global large industrial displays market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the large industrial displays market, the market is segmented based on technology, size, and product type across five major regions.

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Key Segments Covered:

By Product Type:

By Technology:

By Size:

End-use Industry:

By Region:

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Large Industrial Displays Market
https://finance.yahoo.com/news/large-industrial-displays-market-anticipated-084700136.html

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.

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Global Calibrator Market Surges to USD 1.4 Billion by 2033, Sustaining 4.3% CAGR Growth

The Calibrator Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Calibrator market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Calibrator. It furnishes intricate revenue and shipment segmentations, accompanied by a decade-long projection up to 2033. Additionally, the document evaluates key industry players, their market distribution, the competitive scenario, and regional perspectives.

The global calibrator market is on the cusp of unprecedented growth, with projections soaring to USD 0.92 million in 2022. The horizon for calibrators appears exceptionally promising, primarily driven by the relentless surge in demand across diverse industries. This surging interest in calibration technology is propelled by the burgeoning mining sector, which is forecasted to command a staggering USD 1.4 billion by 2033. This robust trajectory signifies a remarkable CAGR of 4.3% from 2023 to 2033. Moreover, our analysis indicates that the market is poised to secure an impressive USD 0.96 billion in 2023 alone.

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The driving factors behind this meteoric rise in the global calibrator market are multifaceted, reflecting a harmonious synergy of key catalysts.

  1. Mining Renaissance: The mining sector stands as a towering pillar in the resurgence of the calibrator market. With an unprecedented demand for precise measurements and calibrations in mining operations, calibrators have become indispensable. Mining enterprises worldwide are increasingly recognizing the pivotal role played by calibration in optimizing operations, ensuring safety, and boosting overall efficiency. This newfound appreciation for precision has culminated in a remarkable boost to the calibrator market.
  2. Technological Advancements: The calibrator market is experiencing a technological renaissance, driven by cutting-edge innovations. Advancements in calibration technology have ushered in an era of unprecedented accuracy and efficiency. The integration of advanced sensors, automation, and data analytics has empowered industries to achieve previously unattainable levels of precision. This infusion of technology not only enhances productivity but also propels the market forward by catering to the evolving needs of diverse sectors.
  3. Regulatory Compliance: Stringent regulatory mandates in various industries are further fueling the demand for calibrators. Compliance with rigorous quality and safety standards is non-negotiable, especially in sectors such as healthcare, aerospace, and manufacturing. Calibrators are the linchpin in ensuring that these industries adhere to the highest quality and safety protocols, thereby positioning them as an indispensable tool in the arsenal of regulatory compliance.

However, amid this remarkable ascent, certain challenges cast a shadow on the horizon, necessitating prudent strategies and vigilance:

  1. Cost Implications: As calibrators continue to evolve with advanced features and capabilities, their cost has also witnessed an upward trajectory. Industries, particularly smaller enterprises, may face budgetary constraints when investing in high-end calibrators. Striking a balance between cost-effective solutions and cutting-edge technology remains a delicate challenge.
  2. Skilled Workforce: The effective utilization of calibrators requires a skilled and knowledgeable workforce. Ensuring that personnel possess the necessary expertise to operate and interpret calibration data is crucial. The scarcity of qualified professionals in this field may pose a bottleneck to the broader adoption of calibrators.

Key Takeaways on Factors Shaping the Calibrator Industry Demand:

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Competitive Landscape

Leading entities within the global calibrators market are actively engaged in comprehensive research and development endeavors aimed at introducing state-of-the-art multifunction calibrator solutions tailored to a diverse array of industries. Concurrently, several companies are strategically expanding their geographical footprint and bolstering their distribution networks to fortify their market positions. Furthermore, select industry players are forging strategic alliances through joint ventures, partnerships, mergers, and acquisitions, aiming to expedite the production of digital calibrators to meet the heightened demand emanating from various industrial sectors.

Illustrative Example:

In December 2021, Leuze Electronic, a distinguished specialist in innovative and pragmatic optical sensor solutions for factory automation headquartered in South Germany, unveiled a series of groundbreaking sensors designed to obviate the need for manual configuration each time a product change occurs. These sensors are seamlessly integrated via IO-Link, offering continuous monitoring and reproducible remote calibration capabilities. These pioneering features not only render the sensor solutions Industry 4.0-ready but also enhance their ease of integration into cutting-edge packaging machinery.

Calibrators market Key Players:

Calibrators Market by Category

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
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Website: https://www.futuremarketinsights.com
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