Market Research Blog – Page 1923 – New Product Development

Parenteral Packaging Market Set to Reach USD 20,115.6 Million by 2034, Exhibiting a Steady CAGR of 4.6%

The parenteral packaging market is projected to experience significant growth over the next decade. According to the latest market research, global sales of parenteral packaging products are estimated to be valued at USD 12,791.2 million in 2024, showcasing a year-on-year growth of 4.5%. Over the forecast period from 2024 to 2034, demand for parenteral packaging is expected to rise at a compound annual growth rate (CAGR) of 4.6%, ultimately reaching a market size of USD 20,115.6 million by 2034.

The plastics category, which is predicted to grow at a 4.6% CAGR, is a prime example of the material’s continued importance in the business. Increased emphasis on enhancing patient safety, an increase in the use of injectable drugs, and the incidence of chronic diseases are major growth factors. Parenteral packaging is changing and becoming more important as a link in the pharmaceutical supply chain due to ongoing advancements, the growing use of biopharmaceuticals, and the adoption of sustainable materials.

Request a Sample Report:
https://www.futuremarketinsights.com/reports/sample/rep-gb-1258

One of the key drivers fueling the growth of the parenteral packaging market is the escalating demand for advanced and reliable packaging solutions to meet the stringent requirements of modern pharmaceutical products. The market is characterized by a continuous quest for innovation, driven by factors such as the rise in biopharmaceuticals, increasing healthcare expenditure, and the globalization of pharmaceutical manufacturing.

Innovations in parenteral packaging include the development of smart packaging technologies that incorporate features like RFID and sensors for real-time monitoring of product conditions, ensuring supply chain visibility and product safety. Advancements in prefilled syringe designs with enhanced safety features, eco-friendly and recyclable packaging materials in response to sustainability initiatives, and advanced aseptic processing technologies are shaping the landscape of parenteral packaging.

Growth Drivers in Parenteral Packaging Industry:

Increasing Healthcare Expenditure:
- The rise in global healthcare spending, driven by factors such as population growth, aging demographics, and increased prevalence of chronic diseases, contributes to the growth of the parenteral packaging market.
Rising Demand for Biologics and Biosimilars:
- The growing popularity of biopharmaceuticals and biosimilars necessitates specialized packaging solutions to maintain product integrity. Parenteral packaging plays a crucial role in preserving the efficacy of these complex and sensitive products.
Stringent Regulatory Requirements:
- Evolving regulatory standards and guidelines regarding drug safety and packaging integrity drive pharmaceutical companies to invest in advanced parenteral packaging technologies to ensure compliance and patient safety.
Technological Advancements in Packaging Materials:
- Continuous innovation in materials, such as the development of advanced polymers and barrier coatings, enhances the shelf life of parenterally administered drugs, reducing the risk of contamination and improving overall product stability.
Globalization of the Pharmaceutical Industry:
- The expansion of pharmaceutical manufacturing across borders increases the demand for reliable and efficient parenteral packaging solutions. Companies seek standardized packaging formats to streamline production processes and ensure consistent quality globally.

Market Innovations in Parenteral Packaging:

Smart Packaging Technologies:
- Integration of smart technologies, such as RFID (Radio-Frequency Identification) and sensors, into parenteral packaging enables real-time monitoring of product conditions, enhancing supply chain visibility and ensuring product safety.
Prefilled Syringe Advancements:
- Innovations in prefilled syringe designs, including needle safety features and advanced materials, improve ease of use, reduce the risk of needlestick injuries, and enhance patient compliance, driving increased adoption in the market.
Environmental Sustainability Initiatives:
- Growing emphasis on sustainability leads to the development of eco-friendly and recyclable parenteral packaging materials. Manufacturers are exploring alternatives that minimize environmental impact while maintaining product integrity and safety.
Advanced Aseptic Processing Technologies:
- Ongoing advancements in aseptic processing techniques, such as blow-fill-seal technology and isolator systems, contribute to improved sterility assurance in parenteral packaging, meeting the stringent requirements of the pharmaceutical industry.
Customized and Specialized Packaging Solutions:
- Increasing demand for personalized medicine and niche therapies prompts the development of customized parenteral packaging solutions. Tailored designs accommodate specific drug formulations, dosage requirements, and administration methods, catering to diverse healthcare needs.

Key Companies Profiled

UFP Technologies, Inc.
Schott AG
UDG Healthcare plc
Gerresheimer AG
Becton
Dickinson and Company
Catalent, Inc.
Stevanato Group S.p.A.
Baxter International Inc.
Nipro Corporation
West Pharmaceutical Services, Inc.

Buy Now for a Thorough Report:
https://www.futuremarketinsights.com/checkout/1258

Key Segments:

By Product Type:

Vials
Pre-filled Syringes & Cartridges
Bags
Ampoules
Ready to Use Systems

By Material Type:

Glass
Plastic
- Polyvinyl Chloride (PVC)
- Polyolefin

By Packaging Type:

Small Volume Parenteral (SVP)
Large Volume Parenteral (LVP)

Region:

North America
- U.S.
- Canada
Latin America
- Brazil
- Mexico
- Rest of Latin America
Western Europe
- Germany
- France
- U.K.
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
Eastern Europe
- Russia
- Poland
- Rest of Eastern Europe
APEJ
- China
- India
- Australia & New Zealand
- ASEAN
- Rest of APEJ
Japan
MEA
- GCC Countries
- South Africa
- Rest of MEA

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
LinkedIn| Twitter| Blogs | YouTube

Next Generation Packaging Market Set to Achieve USD 23,952.9 Million by 2033 at a 6.43% of CAGR

The next generation packaging market is poised for significant growth, with projections indicating a market valuation of USD 12,847.9 million by 2023. Driven by rising demand and innovative advancements, the market is expected to expand at a robust compound annual growth rate (CAGR) of 6.43% from 2023 to 2033, ultimately reaching an impressive valuation of USD 23,952.9 million by 2033.

There are a number of important variables that will contribute to the next-generation packaging market’s expected large expansion globally. One of the main factors driving this trend is the growing need for packaging solutions with characteristics like easy-open mechanisms and legible labeling that are specifically designed to meet the needs of the aging global population.

With consumer preferences shifting toward packaged and easy foods, the retail industry in North America is enjoying rapid expansion. It is anticipated that this change would result in a significant demand for sophisticated packaging solutions in the area.

Request a Sample Report Now to get Premium Insights:
https://www.futuremarketinsights.com/reports/sample/rep-gb-709

In the midst of a significant expansion phase, the Asia Pacific food packaging industry is propelled by diverse factors. Increasing per capita income, a steadily growing population, and a rising demand for packaged food products are key drivers fueling this growth trajectory. Emerging economies like India, Japan, and China are at the forefront, steering the region’s increasing appetite for packaged food products.

The relentless pace of technological advancement is driving the production of small electronic devices across diverse industry verticals, ranging from consumer electronics and healthcare to automotive and semiconductor IC manufacturing. This trend is fueled by the growing demand for precise patterning on wafers and chips, leading to the relentless miniaturization of integrated circuits.

Notably, the medical devices sector has experienced a surge in the demand for Nano-sized robotic surgery equipment, driven by advancements in wearable technology and personalized healthcare devices. Consequently, designers are increasingly turning to smart packaging solutions as a means to accommodate these miniature electrical devices.

Within the semiconductor industry, the push for miniaturized electrical components is driven by the escalating need for high-performance electronics. Advanced semiconductor packaging techniques have emerged to meet these demands, but they come at a cost. Compared to conventional packaging methods, advanced packaging methods are more expensive. As the semiconductor manufacturing process progresses to each subsequent node, the costs rise significantly, reaching a point where it becomes economically challenging to continue development and production.

The intricacies of integrated circuits contribute to higher wafer production costs. As chips and integrated circuits become more complex, incorporating intricate designs and densely packed components, the cost of advanced packaging escalates even further. These complexities and associated costs pose challenges for widespread adoption, especially for smaller enterprises operating with limited budgets.

Key Takeaways from the next generation packaging market Study:

The market valuation in 2022 was US$ 12,800.3
Based on packaging type, active packaging is expected to dominate at a market share of 43.6% by 2033.
Based on application, food & beverage will register at a market share of 41.5% by 2033.
The next-generation packaging market size expanded at 2.76% CAGR between 2018 and 2022.
Asia Pacific is estimated to register at a market share of 8.7% in 2023.
North America experiences a projected value share of 19.3% in 2023.

Competitive Landscape:

The next generation packaging industry boasts a substantial array of market participants. Research and development play a pivotal role among these players, primarily focusing on the introduction of eco-friendly product lines as a core aspect of their manufacturing endeavors.

These players employ various expansion strategies, including collaborations, mergers and acquisitions, and diligent exploration of regulatory approvals to bolster their market presence.

The Major key players Are next generation packaging market :

Amcor Limited
WestRock Company
Sonoco Products Company
Sealed Air Corporation
Stora Enso Oyj
Bemis Company, Inc.
MULTIVAC
WS Packaging Group, Inc.
Active Packaging Limited
ULMA Packaging
S. Coop

Some of the key developments:

DuPont, offers the Tyvek 40L medical packaging, a new class of Tyvek for medical packaging applications that offers a practical solution for safeguarding portable, low-risk equipment, we thank DuPont Protection Solutions.
Microchip Technology Inc. has unveiled the GridTime 3000 GNSS time server, a software-configurable system that protects power plants and substations from surges, bad weather, and cyber-attacks targeting critical infrastructure.
Analog Devices, Inc., has unveiled a three-axis MEMS accelerometer that may be used in a variety of healthcare and industrial applications, such as vital sign monitoring, hearing aids, and motion-enabled metering devices. The ADXL367 accelerometer reduces power consumption by two times compared to the previous generation (ADXL362) while boosting noise performance by up to 30%.

Buy a Complete Research Report:
https://www.futuremarketinsights.com/checkout/709

Key Segments Covered

Packaging Type:

Active Packaging
- Antimicrobials
- Gas Scavengers
- Gas Emitters
- Others (Moisture & Corrosion Control)
Intelligent Packaging
- Sensors
- Indicators
- Tags
Modified Atmosphere Packaging

By Application:

Food & Beverages
Healthcare & Pharmaceuticals
Personal Care
Logistics & Supply Chain
Others (Automotive & Industrial)

By Region:

North America
Latin America
Western Europe
Eastern Europe
East Asia
South Asia & Pacific
The 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.

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

FMI Study Affirms Global Access Control and Authentication Market Estimated to Reach USD 28.1 Billion by 2033, Driving 7.6% CAGR Growth

The access control and authentication market is on a trajectory to achieve a significant valuation of over USD 28.1 billion by 2033, driven by a robust Compound Annual Growth Rate (CAGR) of 7.6% from 2023 onwards.

This remarkable expansion is primarily attributed to the critical role played by authentication platforms in establishing and verifying individuals’ legal identities, extending their functionality beyond basic identification to determining authorized actions based on established authorization policies. The sector’s growth underscores its pivotal importance in shaping the future landscape of security and access management within an increasingly digital and interconnected global environment. This evolution firmly positions the access control and authentication market as a key player in addressing the dynamic security challenges of the modern era.

Experience The Power Of Data – Request Your Sample Report! https://www.futuremarketinsights.com/reports/sample/rep-gb-17851

Ensuring Data Security in the Cloud: Addressing Security Concerns

Although cloud services have several advantages, security concerns can occasionally arise. By 2033, businesses will be moving more and more of their data and software to the cloud. Strong Access Control and Authentication solutions are likely to be in great demand as a result in order to ensure data security in these open environments.

An important part of communication and interaction in cloud services is provided by application programming interfaces (APIs). These APIs could, however, be vulnerable to attacks if they are not appropriately protected. It is necessary to apply the right permission and verification procedures to prevent unauthorized access to and abuse of APIs.

Cybercriminals might target usernames and passwords used to log into cloud services. Phishing attempts, credential stuffing, or bad password management can all lead to unauthorized access to cloud storage accounts.

Key Takeaways from Access Control and Authentication Market Study:

China Access Control and Authentication industry is likely to witness a CAGR of 8.5% in the assessment period.
The United States Access Control and Authentication industry is expected to create an incremental opportunity of USD 4.0 billion in the review period.
In terms of technology, the biometrics segment is projected to witness a CAGR of 7.5% from 2023 to 2033.
Based on application, the residential & commercial segment is estimated to register a CAGR of 7.4% in the forecast period.
Japan and South Korea Access Control and Authentication industry is anticipated to witness CAGRs of 7.0% and 8.0%, respectively from 2023 to 2033.

Competitive Landscape:

Leading suppliers of Access Control and Authentication solutions would provide cloud-based options to give their clients scalable and adaptable services. Cloud computing solutions would make access simple and universal. They can also decrease the requirement for infrastructure on-premises and offer real-time upgrades & monitoring.

Solution providers are further putting more emphasis on providing smooth connectivity with a variety of systems, platforms, and applications. They would be able to accommodate several client needs and improve the user experience if they were compatible with diverse devices & protocols.

Key Companies Profiled in Report:

Bosch Security and Safety Systems
Panasonic Corporation
Thales
Honeywell Commercial Security
Axis Communications AB
Genetec Inc.
Identiv, Inc.
Suprema, Inc.
NEC Corporation
ASSA ABLOY
AMAG Technology, Inc.
Johnson Controls International Plc
Sensory, Inc.

Get Premium Value – Purchase Your Report Now! https://www.futuremarketinsights.com/checkout/17851

Market Segments Covered:

By Technology:

Biometrics
- Fingerprint Recognition
- Face Recognition
- IRIS Recognition
- Voice Recognition
- Others
Smart Card
- Contact Card
- Proximity Card
Electronics Locks and Doors
Magnetic Stripe

By Component:

Hardware
- Readers
- Serial Access Controllers
- IP Access Controllers
- Integrated Solutions
Software
Services
- Support & Maintenance
- Installation & Integration

By Application:

Residential & Commercial
Government & Public Sector
BFSI
IT & Telecom
Retail
Healthcare
Military & Defense
Manufacturing
Hospitality
Education
Others

By Region:

North America
Latin America
Europe
Asia 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)

Contact Us:

Global Atomic Clock Market Revenue Anticipated to Drive Past USD 1048.4 Million Mark by 2033, Growing at 7% CAGR | FMI Prediction

The global atomic clock market, which reached a significant milestone of USD 494.6 million in 2022, is forecasted to surpass USD 531.7 million in 2023. Looking forward to the period spanning from 2023 to 2033, the market is expected to witness a robust Compound Annual Growth Rate (CAGR) of 7.0%. This steady growth trajectory is projected to elevate the market’s revenue to an impressive USD 1048.4 million by 2033.

The notable expansion in the atomic clock market is primarily attributed to the dominant presence of the rubidium and chip-scale segment. This specific segment has demonstrated exceptional growth at a rate of 7.8% CAGR during the historical period from 2018 to 2022, establishing itself as a key driver behind the industry’s overall success. Its outstanding performance has been instrumental in shaping the current market landscape and guiding its promising trajectory, highlighting the critical significance of precision timekeeping across diverse applications and industries.

Get Started With A Free Sample Report – Request Yours Now! https://www.futuremarketinsights.com/reports/sample/rep-gb-17853

Technological Advancements Driving Evolution:

At the core of this dynamic market evolution lies a continuum of technological advancements. The strategic integration of advanced materials and the paradigm of miniaturization have notably culminated in the emergence of compact, precise, and economically viable atomic clocks. This pioneering development has propelled their pervasive adoption across multifarious industry domains.

Driving Forces: Telecommunications and Space Sectors:

The increased demand for atomic clocks finds its impetus within the burgeoning telecommunications and space sectors. As intricate communication networks and global positioning systems (GPS) proliferate, the demand for meticulous timekeeping attains paramount significance. Consequently, atomic clocks are pivotal, galvanizing synchronized communication and seamless device coordination.

Navigating the Celestial Realm: Atomic Clocks in Space Exploration:

Within space exploration, atomic clocks have emerged as a cornerstone technology. These instruments’ unparalleled precision facilitates meticulous distance, location, and timing measurements within the cosmic expanse. The intensifying need for unparalleled measurements in space missions underscores atomic clocks’ pivotal role in navigation, tracking, and precise data collection.

Synchronizing Unseen Forces: Atomic Clocks in Particle Accelerators:

Even within the sophisticated arena of particle accelerators, the pivotal role of synchronized timing facilitated by atomic clocks takes center stage. This precision timing mechanism is decisive in capturing exact moments of particle collisions, enabling profound insights into the subatomic realm with unparalleled precision.

In essence, the atomic clock market’s trajectory of growth and its wide-ranging implications underscore the profound influence of this technology on multiple industries, positioning it as a critical enabler of precision, synchronization, and advancement.

Key Takeaways from Atomic Clock Market Study:

During the historical period between 2018 and 2022, sales of atomic clocks had escalated at 7.9% CAGR.
By type, the rubidium & chip-scale segment is set to witness at 6.8% CAGR over the forecast period from 2023 to 2033.
Based on application, the space & military/aerospace segment is projected to register at 6.7% CAGR between 2023 and 2033.
The United States is estimated to account for a significant valuation of USD 185.8 million by 2033.
China is set to register USD 239.4 million in 2033 in the global atomic clock market.

Make Informed Decisions – Purchase The Premium Report Now! https://www.futuremarketinsights.com/checkout/17853

Key Players:

AccuBeat ltd.
Excelitas Technologies Corp.
IQD Frequency Products Ltd.
Leonardo
Microchip Technology Inc.

Market Segments:

By Type:

Rubidium & Chip-Scale
Cesium
Hydrogen Maser

By Application:

Space & Military/Aerospace
Scientific & Metrology Research
Telecom & Broadcasting
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East & Africa

Author:

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)

Contact Us:

FMI Study States Global Adaptive Optics Market Share to Cross USD 14.5 Billion by 2033, Growing at a Robust CAGR of 24.9% CAGR

The global adaptive optics market is poised for an extraordinary ascent, projected to surge from its 2023 valuation of USD 1.6 billion to a staggering USD 14.5 billion by 2033. This remarkable trajectory underscores the increasing significance of adaptive optics technology on a global scale.

Undergoing a transformative journey, the adaptive optics market is buoyed by recent statistics showcasing its immense potential. With noteworthy sales revenue of USD 1.1 billion achieved by the close of 2022, the market has established a robust foundation for a dynamic and highly promising future. Anticipating an exceptional 24.9% Compound Annual Growth Rate (CAGR) in the forthcoming years, this remarkable growth rate mirrors the accelerating demand for adaptive optics solutions across diverse industries, highlighting the market’s pivotal role in advancing technological capabilities.

Ready To Dive Deeper? Request Your Sample Report Now! https://www.futuremarketinsights.com/reports/sample/rep-gb-3157

Expanding Horizons: The Surging Global Market Fueled by Adaptive Optics Advancements

The rising adoption of Adaptive Optics technology across several sectors including astronomy, military & defense, communication, and biomedical is driving the global market forward.

Adaptive Optics is a technique/technology used for compensating atmospheric distortions by precisely deforming a mirror. It is being used in a wide range of applications. For instance, it finds application in laser communication systems and astronomical telescopes for removing the effects of atmospheric distortion.

Similarly, it is used in optical fabrication, microscopy, and retinal imaging systems to lower optical aberrations. These widening applications are expected to boost the target segment during the projection period.

Revolutionizing Optical Precision: Adaptive Optics’ Vital Role in Advancing Science and Medicine

Adaptive Optics systems play a pivotal role in enhancing the capabilities of optical systems by mitigating atmospheric disturbances, thereby vastly elevating the performance of devices like lasers, telescopes, and various other intricate systems. This technology’s significance is underscored by the escalating prevalence of retinal diseases and substantial investments in research and development, aimed at propelling Adaptive Optics to new heights.

In the realm of biomedical imaging and ophthalmology, Adaptive Optics emerges as a game-changer, spearheading an era of transformation. Through its prowess, researchers and scientists are empowered to unravel intricate details of retinal structure, function, and the underlying causes of retinal pathologies, ushering in unprecedented clarity in their pursuits.

Key Takeaways from the Adaptive Optics Market Report:

The global Adaptive Optics industry is forecast to attain a valuation of USD 14.4 Billion by 2033.
Based on components, the wavefront sensor segment is expected to thrive at 24.8% CAGR during the forecast period.
By end-use industry, the military & defense sector is projected to expand at a CAGR of 24.7% through 2033.
The United States Adaptive Optics Market value is expected to reach USD 4.3 Billion by 2033.
Adaptive Optics demand in China is forecast to increase at 26.0% CAGR during the assessment period.
The Adaptive Optics industry in Japan is anticipated to exceed a valuation of USD 1.1 Billion by 2033.
South Korea Market is projected to expand at 25.4% CAGR through 2033.
The United Kingdom Market is likely to progress at 23.9% CAGR during the assessment period.

Key Companies Profiled:

Teledyne e2v
Northrop Grumman Corporation
Thorlabs Inc.
Iris AO, Inc.
Adaptica S.R.L.
Active Optical Systems LLC
OKO Technologies
Imagine Optic Sa
Boston Micromachines Corporation
Physics CORP

Unlock Advanced Analytics – Get The Premium Report Now! https://www.futuremarketinsights.com/checkout/3157

Adaptive Optics Market Segmentation:

By Component:

Wavefront Sensor
Wavefront Modulator
Control System
Others

By End-user Industry:

Consumer
- Head-Mounted Display
- Camera Lenses
- Other Consumer Devices
Astronomy
Bio-Medical
- Ophthamology
- Biomedical Microscopy
- Cell Analysis
- Other Applications
Military & Defense
- Laser Defense System
- Biometric Security
- Surveillance
- Other Applications
Industrial Manufacturing
- Precision Manufacturing
- Machine Vision
- 3D Printing
- Other Applications
Communication & Others
- Free-Space Optical Communications
- Sensing
- Other Applications

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

Author:

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)

Contact Us:

FMI Predicts Global Sliding Bearings Market Forecasted to Drive Past USD 2,420.0 Million by 2033, Driven by 8.7% CAGR Growth

The sliding bearing market is poised for significant growth, with a robust Compound Annual Growth Rate (CAGR) of 8.7% projected from 2023 to 2033, according to the latest report from Future Market Insights (FMI). This forward-looking projection not only indicates sustained demand for sliding bearings but also suggests an accelerated pace, with sales expected to surpass the noteworthy milestone of USD 2,420.0 million by 2033.

Insights from FMI shed light on the substantial progress achieved by the global sliding bearing market. By the end of 2022, the market had already reached a substantial size, standing at approximately USD 952.8 million, laying a solid foundation for further expansion. Projections aligned with this upward trajectory suggest that revenue generated from sliding bearing sales is set to reach USD 1,051.9 million in 2023. This figure not only underscores the market’s resilience but also signals a notable growth trajectory for the industry. The exceptional growth rate of the market reflects its enduring relevance and the escalating demand for sliding bearings across diverse applications.

Click Here To Get Your Free Sample Report Now! https://www.futuremarketinsights.com/reports/sample/rep-gb-17925

Advanced sliding bearings are used to invest in products and technologies that contribute to energy efficiency. As developing economies industrialize and urbanize, there is a growing demand for energy-efficient machinery and equipment. This is ultimately expected to boost the sliding bearing market in these regions.

The aerospace and defense sectors often demand sliding bearings with advanced materials due to their lightweight and high-strength properties. Reduced weight and high durability improve performance in aircraft, missiles, and military vehicles. Adopting new technologies, like 3D printing and nanotechnology, can facilitate the production of sliding bearings with advanced materials. This results in a potential reduction of manufacturing costs and drives growing demand.

Industries that require high-performance machinery may seek a competitive edge by using advanced materials in sliding bearings. This drives sales among industries where performance is critical. As emerging economies industrialize and modernize, they require sliding bearings with advanced materials. Such developments are anticipated to help meet high quality and performance standards, contributing to growing demand from these industries.

Key Takeaways from the Sliding Bearing Market:

The global sliding bearing market is expected to witness a CAGR of 8.7% between 2023 and 2033.
In terms of material, the metallic division is expected to expand at a CAGR of 8.5% between 2023 and 2033.
By bearing type, the radial segment is anticipated to exhibit an 8.3% CAGR through the end of the projected period.
The United Kingdom is set to be worth USD 101.1 Million by 2033.
Japan will likely dominate the market with a CAGR of 9.4% throughout the projected period.

“Soaring demand for advanced material will likely drive demand in the sliding bearing market by 2033. Key manufacturers are expanding their product portfolios to offer a wide range of sliding bearings for various applications and industries. Lightweight and highly durable sliding bearings are expected to remain high in demand from crucial sectors like automotive and aerospace through 2033.” – says a lead Future Market Insights (FMI) analyst.

Competitive Landscape:

Staying updated with industry trends such as Industry 4.0, automation, and IoT integration can be important for manufacturers to meet evolving customer requirements. They offer customized solutions to meet specific customer requirements, which can be a valuable strategy to secure high-value contracts.

Recent Developments in the Sliding Bearing Market:

Canam Group is an expert in creating and manufacturing metal parts in the North American building industry. The company works in the construction, structural steel, and bridge industries.
Cosmec Inc. (Cosmec) is a structural bearings designer and manufacturer supplying the transportation infrastructure sector. Cosmec provides design and engineering services for fabricators, primary contractors, state agencies of transportation, and engineering consulting companies, along with producing structural bearings.

Invest In Insights – Secure Your Premium Report Now! https://www.futuremarketinsights.com/checkout/17925

Key Players Profiled:

AST Bearings LLC
Brammer Plc
Canam Group, Inc
Cosmec, Inc
Ekspan Ltd

Market Segmentation Analysis:

By Material:

Metallic
Non-metallic

By Bearing Type:

Radial
Liner
Thrust
Angular Contact
Other

By Application:

Engine
Brakes
Bogie
Interior
Exterior

By Region:

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

Author:

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)

Contact Us:

FMI Study Projects Global Cutting and Bending Machine Market to Exceed USD 16,383.6 Million by 2032, Growing at 7.1% CAGR

The global cutting and bending machine market expects a valuation of USD 16,383.6 million by 2032, driven by a robust Compound Annual Growth Rate (CAGR) of 7.1%. Initially valued at USD 8,238.3 million in 2022, the market is experiencing heightened demand across sectors such as automotive, aerospace, electronics, and construction.

This growth is attributed to the widespread adoption of cutting and bending machines, recognized for their versatility and efficiency, across various industries including automotive, metal fabrication, electrical, and electronics. These machines are playing a pivotal role in shaping the modern manufacturing landscape, underscoring their crucial contribution to the future development of diverse industries.

Request Your Complimentary Sample Report Now! https://www.futuremarketinsights.com/reports/sample/rep-gb-15820

For increasing the production rate, there is increasing automation in the material processing equipment and their assembly lines, in which integration of cutting machines with robots and automatic or electric bending machines is gaining traction owing to its ability to do faster flexible sheet metal bending in vehicle manufacturing. This will boost the assembly line’s productivity and allow operators to increase production efficiency in a minimum amount of time.

Regionally, Asia Pacific is likely to emerge as the fastest growing market for cutting and bending machines due to the high presence of leading automotive and electronic component manufacturers and growing end-use industries in these regions.

Key Takeaways from Cutting and Bending Machine Market Study:

By operation, automatic segment is estimated to account for the highest share of more than 45% in terms of value in 2022.
By end use, the automotive segment will dominate the market in terms of end use, creating an incremental opportunity of nearly USD 2,578.7 Million from 2022 to 2032.
By product type, cutting machine segment is set to account for more than 80% of the global cutting and bending machine market during the forecast period.
The North America cutting and bending machine market is expected to grow at 7.6% CAGR through 2032.
The U.S. cutting and bending machine market is predicted to expand by 1.9x through 2032.
The cutting and bending machines market in China is expected to reach a valuation of USD 1,317.0 Million by the end of 2032.

“Significant market opportunities are projected to occur with the differentiated product offerings by the manufacturers attuned to the end user’s viewpoint.” says a Future Market Insights analyst.

Who is Winning?

The cutting and bending machine market is fragmented with the leading players acquiring around 25% to 35% of the market shares. These players are likely to invest in new technology developments and expansion of their distribution networks to maintain their market presence.

Some of the key players in this industry include TRUMPF Group, Amada Co. Ltd., Bystronic Group, Coherent Inc., Hans Laser Technology Ltd., and Others.

Find More Valuable Insights:

The research report analyzes the demand for Cutting and Bending machines. The global Cutting and Bending machine market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends, and market background. As per Future Market Insights, the market has been analyzed based on Product Type, Operation, End Use, and Region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both supply-side and demand factors.

Upgrade Your Knowledge – Get The Premium Report Now! https://www.futuremarketinsights.com/checkout/15820

Global Cutting and Bending Machine Industry by Segments:

By Product Type:

Cutting Machine
- Laser Cutting Machine
- Waterjet Cutting Machine
- Plasma Cutting Machine
- Flame Cutting Machine
Bending Machine
- Electric
- Hydraulic
- Pneumatic
- Others

By Operation:

Automatic
Semi-automatic
Manual

By End Use:

Automotive
Aerospace
Electrical and Electronics
Marine & Construction
Others

By Region:

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

Author:

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)

Contact Us:

FMI Projects Global Industrial Planetary Gearbox Market Share to Reach USD 6.5 Billion by 2033, Driven by 5.2% CAGR Growth

The global industrial planetary gearbox market is poised for significant expansion, with an anticipated valuation of USD 6.5 billion by 2033, driven by a steady Compound Annual Growth Rate (CAGR) of 5.2% from 2023 to 2033.

A key driver behind this growth is the increasing demand for precision gearboxes, particularly within the cement industry. The cement sector’s adoption of advanced material handling tools such as bucket elevators, belt conveyor systems, and wagon tipplers has become integral to modern manufacturing processes, necessitating the reliance on planetary gearboxes for precise and reliable operation. This underscores the market’s crucial role in enhancing efficiency across key industries.

See The Value For Yourself – Request Your Sample Report Now! https://www.futuremarketinsights.com/reports/sample/rep-gb-17997

During the assessment period, sales of industrial gearboxes are anticipated to soar throughout Asia Pacific. Sales are expected to increase as lightweight designs and miniaturization become more popular.

The global demand for lightweight and compact gear solutions is expected to increase due to a rising trend toward portable machinery, robotics, and automation. For instance, efficiency and agility are crucial components in the robotics industry.

By supplying the required torque, miniature planetary gears are anticipated to reduce the weight and footprint of robotic limbs and joints. Thanks to this feature, robots can probably carry out the assigned jobs with more dexterity and accuracy.

Lightweight design plays a key role in the automobile and aerospace industries. Electric vehicles (EVs) and aviation makers can turn toward lightweight industrial planetary gears to increase battery life and fuel efficiency.

They plan to invest in design optimization techniques and distinctive materials to accomplish the aforementioned objective. It is planned to use carbon fiber-reinforced composites and other lightweight materials in the gear production process. These are anticipated to increase the items’ strength and durability.

Adopting IoT and smart technologies is projected to change how industrial planetary gears are maintained and assessed across North America. New gearboxes with sensors are about to be released by important firms.

They are useful to measure vibration, temperature, and lubricant levels. The data is also anticipated to be sent to the cloud or centralized control systems. It will be examined there to learn more about the performance and condition of the gearbox.

Key Takeaways from the Industrial Planetary Gearbox Market Study:

The global industrial planetary gearbox industry grew at a considerable CAGR of 6.3% in the historical period between 2018 and 2022.
The United States industrial planetary gearbox industry is projected to showcase a CAGR of 5.5% from 2023 to 2033.
The United Kingdom is anticipated to reach a valuation of USD 227.8 million by 2033 in the industrial planetary gearbox industry.
In terms of end-use, the discrete industry segment is projected to showcase a CAGR of around 5.0% from 2023 to 2033.
Based on product, the standard segment is projected to register a CAGR of 5.1% in the forecast period.

“The demand for standard industrial planetary gearboxes is anticipated to increase due to the ongoing expansion of manufacturing companies and fast globalization. In terms of maintaining uniformity and efficiency across worldwide production sites, these are expected to be important.” – Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.).

Take Your Research Further – Purchase The Premium Report Now! https://www.futuremarketinsights.com/checkout/17997

Competitive Landscape:

Leading manufacturers of industrial planetary gearboxes are spending a lot of money on research & development to improve the designs of their products. They are improving efficiency, torque capacity, durability, and compactness.

They are also implementing Industry 4.0 technology such as IoT sensors and predictive maintenance. They hope that these will aid them in enhancing the dependability and effectiveness of their own industrial planetary gearboxes. To draw in additional customers, they might also introduce an industrial planetary gearbox at the same time.

Key Players:

ABB Group
Bondioli & Pavesi India Pvt. Ltd
Bonfiglioli Italia S.P.A
Bonfiglioli Riduttori
China High Speed Transmission Equipment Group Company, Ltd

Market Segmentation:

By Product:

Standard
Precision

By End-Use:

Discrete Industry
Process Industry

By Region:

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

Author:

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)

Contact Us:

FMI Analysis Affirms Global Industrial Counter Market Revenue Expected to Surge Past USD 1,560 Million Mark by 2033, Growing at 4.1% CAGR

The global industrial counter market is forecasted to reach an impressive valuation of USD 1560.0 million by the year 2033, fueled by a steady Compound Annual Growth Rate (CAGR) of 4.1% from 2023 onwards. With an estimated worth of approximately USD 1042.4 million in 2023, this market segment demonstrates a consistent trajectory of expansion, underpinned by its essential role in diverse industrial applications.

Industrial counters play a pivotal role in numerous industrial processes, serving as integral components for counting and measuring various parameters critical for automation, control, and precision. Despite their discreet nature, these counters emerge as indispensable tools in the industrial landscape, ensuring accuracy and efficiency across a wide spectrum of operations. Their significant contribution enhances overall productivity and quality in industrial processes, making them essential assets for modern manufacturing, production, and process control endeavours.

Take The First Step Towards Insights – Request Your Sample Report! https://www.futuremarketinsights.com/reports/sample/rep-gb-17994

The Industrial counter is being progressively integrated into automation systems, which is vital in industrial automation. Industrial Internet of Things (IIoT) integration enables real-time data monitoring. High precision and precise control are key to sales in the pharmaceutical and healthcare sectors.

With the growing demand for safe, high-quality goods, quality control and assurance are increasingly emphasized. Rising emphasis on precision control in the healthcare sector is a critical growth aspect for the industrial counter industry. The application of airborne particle counters is growing in the ecological monitoring of pharmaceutical, biopharmaceutical, and radiopharmaceutical facilities.

The emergence of the smart industrial counter is a key trend in the target market. Due to their ease of reading, convenience, ease of installation, and low maintenance requirements, light-emitting diode counters are becoming popular in the industrial counter market. Some suppliers offer services such as diverse colors and visual variations for LED displays, counters that can maintain count values even during a power failure and counters that display several values.

Key Takeaways from the Industrial Counter Market Report:

The United States industrial counter industry is projected to reach USD 283.5 Million in the forecast period.
The United Kingdom industrial counter industry is set to be valued at USD 57.1 Million by 2033.
China’s industrial counter industry is likely to total USD 242.9 Million by 2033.
Japan industrial counter industry is estimated to register USD 178.1 Million by 2033.
Based on end-use, the food and beverages segment is set to witness a CAGR of 3.8% from 2023 to 2033.

“Industrial counter is an integral part of the food and beverage business, where they are used to count a variety of products such as semi-finished products, raw materials, finished products, and packaging materials. The food sector is categorized by a significant sum of material handling for which appropriate measurement is necessary. This requires industrial counter that can accurately amount product quantities.” – Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).

Competitive Landscape:

Leading companies in the industrial counter industry are introducing new and innovative goods to meet the growing demand. Worldwide companies are inflowing new markets in developing regions to expand their customer base and increase their presence. Suppliers and manufacturers likewise adopt several strategies, including joint ventures, acquisitions, mergers, new product development, and geographic expansion.

For instance,

2019 Spectris acquired Red Lion Controls, a networking solutions and industrial automation benefactor.
In 2018, Azbil Corporation acquired LUM Technologies, a German provider of non-invasive online analysis tools.
In 2021, Honeywell acquired Sparta Systems, a provider of cloud-based software solutions for life sciences.
In 2019, TASI Group acquired ONICON Measurement Solutions, which delivers energy and flow measurement systems.

Get Premium Access – Secure Your Exclusive Report Now! https://www.futuremarketinsights.com/checkout/17994

Key Companies Profiled in Industrial Counter Market Report:

Eaton Corporation PLC
Fargo Controls, Inc.
Hengstler GmbH
Littelfuse, Inc.

Industrial Counter Market Segmentation Analysis:

By Type:

Preset Counters
Electromagnetic Counters
Time Counters
Totalizing Counters
Mechanical Counters
Digital Counters

By End-use:

Food & Beverage
Healthcare
Semiconductor & Electronics
Industrial Manufacturing

By Regions:

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

Author:

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)

Contact Us:

Global Low Voltage Cable Market Revenue Share to Drive Past USD 255 Billion Milestone by 2033, Driving a Steady Growth of 5.8% CAGR

The global low voltage cable market has witnessed remarkable growth, achieving a substantial valuation of USD 135.3 billion in 2022. This upward trajectory is set to continue, with an anticipated value of USD 144.5 billion by the end of 2023, showcasing robust year-over-year expansion. Looking ahead, the market is forecasted to experience a significant Compound Annual Growth Rate (CAGR) of 5.8% for low voltage cable sales, culminating in a remarkable revenue milestone of USD 255.0 billion by 2033, indicating sustained and substantial growth.

A pivotal driver behind this expansion is the consistent demand within the residential sector. The increasing need for electricity in households, alongside the growing prevalence of smart homes, serves as a significant catalyst propelling this demand. The latest market analysis underscores the poised growth of the residential segment, projecting a CAGR of 5.4% through 2033, reaffirming the indispensable role of low voltage cables in shaping the contemporary residential landscape.

Claim Your Free Sample Report And Start Exploring! https://www.futuremarketinsights.com/reports/sample/rep-gb-17996

Rising energy demand from residential and industrial sectors is expected to boost the global low voltage cable market. These cables often transmit electricity from power plants and other sources to end users.

Renewable energy sources like wind and solar power are becoming popular due to their benefits and declining costs. This is expected to uplift demand for low voltage cable as they are essential for integrating renewable energy into the power grid.

Rapid infrastructural development is anticipated to bolster low voltage cable sales. Governments worldwide are investing heavily in infrastructure development projects. These projects require low voltage cable for power supply and communication.

Surging popularity of smart buildings and adoption of automation & control systems are another key factors expected to foster the low voltage cable market growth. Low-voltage cables are widely used for power distribution, lighting control, data transmission, and other applications.

Leading low voltage cable manufacturers focus on producing novel solutions from eco-friendly materials to reduce the carbon footprint. This will positively impact the overall performance of the worldwide low voltage cable industry.

Key Takeaways from the Low Voltage Cable Market Report:

The global low voltage cable industry is forecast to reach USD 255.0 billion by 2033.
Based on installation type, overhead segment is set to thrive at 5.6% CAGR through 2033.
By end use, residential segment is anticipated to expand at a CAGR of 5.4%.
The United States market revenue is expected to total USD 46.3 billion by 2033.
Sales revenue in China is forecast to total USD 37.2 billion by 2033.
Demand in Japan is projected to increase at 6.0% CAGR between 2023 and 2033.
The United Kingdom market is set to thrive at a CAGR of 6.2% through 2033.
Korea is predicted to witness a CAGR of 5.5% over the forecast period.

“The exponential growth of residential and industrial sectors due to increasing population and economic growth is expected to create demand for low voltage cable during the forecast period. Key players are concentrating on developing more efficient and reliable low voltage cable to boost their revenues”, – opines Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).

Who is Winning?

ABB Group, Encore Wire Corporation, Finolex Cables Ltd., General Cable Corporation, Nexans SA, NKT Cables Group GmbH, Polycab Wires Pvt. Ltd, Prysmian Group, Sumitomo Electric Industries Ltd., and Finolex are leading low voltage cable manufacturers listed in the report.

To gain maximum profits and expand their customer base, key companies are implementing several strategies. These include new product launches, facility expansions, partnerships, mergers, acquisitions, and collaborations.

Don’t Settle For Less – Purchase The Premium Report Now! https://www.futuremarketinsights.com/checkout/17996

Recent Developments in the Low Voltage Cable Industry:

In May 2023, a new range of low-carbon distribution grid cables was launched by Nexans in the French market.
In December 2022, new low-voltage power cables using low-carbon materials were developed by NXT.

Low Voltage Cable Industry Segmentation Analysis:

By Installation Type:

Overhead
Underground

By End Use:

Residential
Commercial
Industrial

By Region:

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

Author:

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)

Contact Us: