Global Metal-air Battery Market to Reach a Valuation of USD 2.8 Billion by 2034, Growing with an Impressive 15.2% CAGR

According to Future Market Insights (FMI), the growing popularity of electronic devices, the adoption of electric vehicles, and developments in laser and 3D printing are expected to drive the global metal-air battery market towards a USD 2.8 Billion valuation by 2034. From 2024 to 2034, the market is anticipated to expand at a CAGR of 15.2%. Metal-air batteries are expected to outperform lithium-ion batteries in several applications due to their lower cost, higher energy density, and lack of need for frequent recharging.

The potential for breakthrough innovations in electrode materials, electrolyte formulations, and system design holds immense promise for further enhancing the performance and viability of metal-air batteries across diverse applications.

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Innovations in electrode materials are crucial for improving metal-air batteries’ efficiency, stability, and longevity. Researchers are exploring novel materials with enhanced conductivity, surface area, and catalytic properties to optimize electrode oxygen reduction and evolution reactions. These advancements could lead to higher energy densities, faster charging rates, and extended cycle life for metal-air batteries.

Advancements in electrolyte formulations are key to addressing challenges such as electrolyte degradation, dendrite formation, and corrosion of electrode materials. Researchers are investigating new electrolyte chemistries, additives, and solvents to enhance ion conductivity, stability, and safety in metal-air batteries. These innovations are likely to improve battery performance and reliability by mitigating issues related to electrolyte decomposition and side reactions and increasing the demand for metal-air batteries.

“Innovations in system design, including cell architecture, packaging, and thermal management, are crucial for optimizing metal-air batteries’ performance and safety. These improvements are anticipated to enhance energy efficiency, reduce internal resistance, and improve thermal stability, making them more effective in various environments,” – opines Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).

Key Takeaways from the Metal-air Battery Market:

  • The United States metal-air battery industry is projected to experience a CAGR of 15.5% through 2034.
  • Japan’s metal-air battery market is expected to rise at a CAGR of 15.7% through 2034.
  • The United Kingdom’s metal-air battery industry is anticipated to register a CAGR of 16.3% through 2034.
  • South Korean metal-air battery industry is expected to grow at a significant CAGR of 17.7% through 2034.
  • Chinese metal-air battery market is expected to witness a CAGR of 16.0% through 2034.

Competitive Landscape of the Metal-air Battery Market:

Through strategic initiatives, cooperative efforts, and unwavering innovation, establishments are playing a crucial role in creating the metal-air battery market’s future perspective. Innovative research on electrode materials, electrolyte formulations, and system designs is being carried out by research institutes with the aim of improving battery performance, energy density, and cycle life. Manufacturers of batteries make investments in infrastructure and increase production to keep up with the increasing demand for metal-air batteries from a variety of sectors.

In order to ensure battery development and deployment that is safe, dependable, and environmentally sustainable, regulatory authorities are setting standards and rules. To promote cooperation and information exchange among stakeholders and hasten the market’s expansion, industry groups are working to increase the use of metal-air batteries. All of these businesses are laying the groundwork for a future in which grid-scale energy storage solutions, electric cars, renewable energy systems, and the next generation of electronics are all powered by metal-air batteries. This is expected to make the transition to a more sustainable and energy-efficient future achievable.

Recent Developments in the Metal-air Battery Industry:

  • LG Energy Solution invested in Arizona-based Sion Power in January 2024, demonstrating its commitment to developing next-generation lithium-metal battery technologies, with the investment expected to be carried out by Bricks Capital Management and LG Technology Ventures.
  • Japanese scientists developed an all-solid-state rechargeable air battery (SSAB) in June 2023 using a proton-conductive polymer electrolyte and redox-active organic negative electrodes, utilizing organic compounds like quinone- and amine-based chemicals for redox processes involving protons and hydroxide ions.

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Key Companies in the Global Metal-air Battery Market:

  • ZAF Energy Systems
  • ACTXE Limited
  • PolyPlus Battery Company
  • GP Batteries International Limited
  • Arotech Corporation
  • Phinergy
  • NantEnergy
  • Log9 Materials
  • Electric Fuel Limited
  • Metalectrique
  • Eos Energy Storage
  • Fluidic Energy
  • Fuji Pigment Co., Ltd.
  • Changhong Batteries
  • STORNETIC GmbH
  • Phinergy
  • Alcoa Corporation
  • Duracell Inc.
  • Power Japan Plus
  • ReVolt Technology

Global Metal-air Battery Market Segmentation Analysis:

By Metal:

  • Zinc
  • Aluminium
  • Iron
  • Lithium
  • Others

By Voltage:

  • Low
  • Medium
  • High

By Application:

  • Electric Vehicles
  • Military Electronics
  • Electronic Devices
  • Stationary Power
  • Others

By Region:

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

Author:

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

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

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

About Future Market Insights (FMI)

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

Contact Us:        

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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Tris Nonylphenyl Phosphite Market Set for Steady Growth, Reaching US$ 609.37 Million by 2033

The global market for tris nonylphenyl phosphite (TNPP) is poised for substantial growth, driven by its extensive applications in packaging, petrochemicals, and food industries. Valued at US$ 320.42 million in FY 2022, the market is projected to reach US$ 340.28 million by the end of 2023, with a year-on-year growth of 6.2%. Over the forecast period from 2023 to 2033, it is expected to expand at a compound annual growth rate (CAGR) of 6%, culminating in a valuation of US$ 609.37 Million.

Key Takeaways:

  1. Industry Dynamics: The demand for TNPP is driven by its superior heat stability, compatibility with resins, and resistance to extraction, making it indispensable in diverse industrial applications.
  2. Regional Insights:
    • North America: Witnessing significant growth due to robust investments in the plastics sector and advancements in chemical recycling technologies.
    • Western Europe: Leading the market with substantial investments in sustainable practices and a strong emphasis on chemical recycling.
  3. Market Developments: Key players such as Songwon Industrial Co. Ltd. and Valtris Specialty Chemicals are making strategic investments to meet escalating demand, enhancing product offerings, and expanding their global footprint.

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Regional Insights: In North America, the tris nonylphenyl phosphite market benefits from a burgeoning plastic manufacturing industry fueled by abundant natural gas production. This region’s proactive adoption of chemical recycling technologies and sustainable practices underscores its leadership in the market.

Western Europe, on the other hand, dominates the market due to significant investments in chemical recycling, with projected investments in technology reaching €2.6 billion by 2025. The region’s commitment to sustainability and innovation positions it at the forefront of the global TNPP market.

Future Outlook: While the market presents lucrative opportunities driven by increasing demand for packaged food and lifestyle changes, concerns over the environmental impact of TNPP, particularly on aquatic species, remain a challenge. Ongoing research and regulatory efforts are crucial to mitigate these concerns and sustain market growth.

Tris Nonylphenyl Phosphite Market

Based on end-user:

  • Chemical Industry
  • Others

Based on application:

  • Petrochemicals
  • Stabilizers
  • Rubber

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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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Global Industrial Film Market Surging Towards USD 110.0 Billion Revenue Share by 2034, Driving an Average Growth of 5.9% CAGR

The industrial film market is expected to witness a CAGR of 5.9% through 2034. The market is expected to reach a valuation of USD 62.0 Billion in 2024 and USD 110.0 Billion by 2034. The market’s growth is driven by several factors, including the expansion and modernization of industries worldwide, which are increasingly turning to functional and protective films to ensure the safety of equipment, materials, and products during manufacturing, storage, and transportation processes.

The growing demand for efficient packaging solutions in the e-commerce sector also propels significant growth, particularly for shrink, stretch, and pallet wrapping applications. Developing high-performance industrial films with enhanced properties, such as strength, durability, and chemical resistance, is a key driver of market expansion. Technological advancements in material science have enabled the production of films that cater to diverse industry needs and applications, including weatherproofing, UV protection, and thermal insulation.

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The market is witnessing a growing emphasis on sustainability, prompting industries to adopt eco-friendly packaging materials, including recyclable and biodegradable industrial films, in compliance with stringent regulatory standards.

The industrial film market is experiencing significant growth in emerging economies, particularly in Asia-Pacific and Latin America, undergoing rapid industrialization and urbanization. This growth is driven by increasing demand for industrial films across various sectors, including construction, agriculture, and packaging. The preference for durable and weather-resistant films in construction projects and the adoption of customized film solutions tailored to specific requirements further contribute to market growth.

Market saturation, raw material price fluctuations, and regulatory complexities challenge the market’s continued expansion. The dominance of linear low-density polyethylene (LLDPE) in the market ensures reliable and efficient packaging solutions for industries worldwide, solidifying the industrial film market’s prominence.

Key Takeaways from the Market Study:

  • The linear low-density polyethylene (LLDPE) segment is expected to rise at a 5.8% CAGR through 2034.
  • The transportation segment is expected to lead the market by end use, expanding at a 5.6% of CAGR through 2034.
  • The industrial film market in the United Kingdom is predicted to rise at a 7.1% CAGR through 2034.
  • The industrial film market in South Korea has the potential to increase at a 6.8% CAGR through 2034.
  • The industrial film in Japan is projected to inflate at a CAGR of 6.3% through 2034.
  • The industrial film in China is anticipated to develop at a CAGR of 6.2% through 2034.
  • The industrial film in the United States is estimated to rise at a whopping 6.1% CAGR through 2034.

“Advancements in material science and manufacturing technologies result in innovative film formulations that offer superior performance and versatility for various industrial applications. Infrastructure development, particularly in emerging economies, creates new opportunities for industrial film usage in construction, transportation, and other sectors,” – opines Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).

Competitive Landscape:

Major companies in the industrial film market are strategically expanding their global reach through mergers and acquisitions, partnerships, and geographic expansions. These companies are leveraging their technological expertise and product innovation capabilities to penetrate new markets and strengthen their presence in existing ones. Conducting a market comparative analysis is crucial for guiding companies’ growth strategies by providing insights into market dynamics, competitor positioning, and emerging trends.

Through comprehensive market research and analysis, companies can identify growth opportunities, assess competitive landscapes, and make informed decisions to capitalize on market trends and gain a competitive edge in the global industrial film market.

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Key Players Operating in the Market:

  • TOYOBO Co. Ltd
  • DuPont de Nemours Inc.
  • TEKRA, MURAPLAST d.o.o.
  • Transcendia Vecom
  • ishakha Polyfab Pvt Ltd
  • Klöckner Pentaplast
  • Dow
  • Soretrac (UK) Limited
  • Hypac Packaging Pte Ltd.
  • Peiyu Plastics Corporation
  • AVI Global Plast
  • Verstraete IML
  • Berry Global Inc.
  • Bemis Company, Inc
  • Jindal Poly Films
  • Mitsui Chemicals, Inc.
  • PLASTIC SUPPLIERS, INC.
  • WINPAK LTD.
  • Polifilm GmbH
  • Avery Dennison
  • DIC CORPORATION

Industrial Film Market Segmentation Analysis:

By Type:

  • Linear Low-Density Polyethylene (LLDPE)
  • Low-Density Polyethylene (LDPE)
  • High-Density Polyethylene (HDPE)
  • Polypropylene (PP)
  • Polyethylene Terephthalate (PET)
  • Poly Vinyl Chloride (PVC)
  • Polyamide
  • Others

By End Use:

  • Transportation
  • Construction
  • Industrial Packaging
  • Agriculture
  • Medical
  • Others

By Region:

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

Author:

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

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

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

About Future Market Insights (FMI)

Future Market Insights, 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 Industrial Fuel Filters Market Valuation to Surge Past USD 784.3 Million by 2032, Driving an Average 5.1% CAGR Growth

The industrial fuel filters market, previously valued at USD 476.8 million in 2022, is positioned for significant expansion, aiming to reach an estimated value of USD 784.3 million by 2032, supported by a robust compound annual growth rate (CAGR) of 5.1% throughout the forecast period.

This upward trajectory underscores the market’s resilience and inherent potential, offering a favorable outlook for stakeholders. The increasing adoption of industrial fuel filters can be attributed to several factors, notably the rising prevalence of electric vehicles (EVs). As the automotive sector transitions towards electric propulsion systems, the significance of fuel filtration extends beyond conventional internal combustion engines. Even within the realm of EVs, the critical role of fuel filtration in maintaining the efficiency and durability of fuel cells and other energy storage systems has surged demand for industrial fuel filters. This trend reflects the industry’s adaptability to evolving technological landscapes and its proactive stance towards sustainability.

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Rising Adoption of Industrial Fuel Filters: Electric Vehicles, Automation, and Emissions Standards

The utilization of industrial fuel filters has surged recently, driven by the increased presence of electric vehicles and advanced automation. Moreover, stringent emissions regulations and heightened production levels have contributed to the recent expansion of the industrial fuel filters market. Despite a moderate growth pace, the market is projected to witness a higher CAGR during the forecast period.

Enhanced indoor air quality and improved machinery efficiency are some of the factors fueling the demand for industrial fuel filters. End-use industries are increasingly incorporating these filters to enhance their fuel supply cleanliness. Furthermore, fuel filters play a crucial role in eliminating contaminants such as rust, pollen, and liquid droplets. This dual function not only ensures cleaner fuel but also boosts operational efficiency and overall engine performance.

Boosting Engine Performance: Surging Demand for Industrial Fuel Filters

The industrial fuel filters market is experiencing growth driven by the need for enhanced engine safety during the forecast period. Various types of industrial fuel filters, including metal cartridge fuel filters, fuel injection filters, spin-on fuel filters, and metal-free filters, are poised to witness increased demand based on end-users’ requirements. Additionally, the market’s expansion is propelled by the growing awareness of environmental concerns and government initiatives, contributing to recent growth.

The market segmentation encompasses various types, including chemicals, oil & gas, and marine sectors. Throughout the forecast period, the oil and gas sector is expected to dominate the market. The combination of increasing environmental regulations and technological advancements in the industry has propelled market growth. The focus on improving the quality of oil and gas further fuels the demand in this sector during the forecast period.

Diverse Competition: Shaping the Industrial Fuel Filters Market Landscape

The industrial fuel filters market is characterized by global prominence and fragmentation among key players throughout the forecast period. These players are strategically introducing and developing new products to cater to consumers’ evolving demands. The market dynamics are driven by a range of marketing tactics such as acquisitions, product launches, collaborations, and mergers.

Some of the notable players in this competitive landscape include:

  • The Mann+Hummel Group
  • Donaldson Company, Inc.
  • MAHLE GmbH
  • Clarcor Inc.
  • AC Delco Inc.
  • Ahlstrom Corporation
  • Cummins Inc.
  • Sogefi SpA
  • Denso Corporation
  • Hengst Se & Co. Kg
  • GUD Holdings Limited
  • Ryco filters
  • Advanced Filtration Systems

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Industry Segmentation:

Sales Channel:

  • OEM (Original Equipment Manufacturer)
  • Aftermarket

Filters Media:

  • Cellulose
  • Pure Glass
  • Synthetic-Laminated

Product Type:

  • Spin-on Fuel Filters
  • Inline Fuel Filters
  • Cartridge Fuel Filters
  • Nylon Fuel Filters
  • In-tank Fuel Filters
  • Universal Fuel Filters

By End Use:

  • Oil & Gas
  • Marine
  • Chemicals

By Region:

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

Author:

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

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

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

About Future Market Insights (FMI)

Future Market Insights, 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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FMI Analysis States Global Industrial Linear Accelerator Market to Surpass USD 5,486.4 Million Milestone by 2032, Growing at 6.3% CAGR

The industrial linear accelerator market, expected to reach a notable valuation of USD 2,979.8 million in 2022, is set to achieve a remarkable worth of USD 5,486.4 million by 2032. This significant expansion is driven by a projected compound annual growth rate (CAGR) of 6.3%, showcasing the inherent potential and vitality within the market.

The increasing demand for industrial linear accelerators stems from their crucial role in non-destructive testing (NDT). These sophisticated devices are essential for evaluating various material properties without causing any damage. Non-destructive testing has become indispensable across diverse industries such as aerospace, automotive, manufacturing, and healthcare. The ability to inspect and assess materials without compromising their structural integrity not only enhances product quality but also significantly contributes to safety and reliability in industrial processes. This surge in demand highlights the growing recognition of the indispensable role played by industrial linear accelerators in advancing quality and safety standards across multiple sectors.

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Diverse Applications Drive Industrial Linear Accelerator Market Growth:

The industrial linear accelerator market finds applications across a wide range of sectors, including medical waste disposal, cargo inspection, food irradiation, agriculture, aerospace, gemology, castings inspection, rocket motors, and defense/missile systems. Notably, scanning devices are effectively employed for cargo and vehicle inspection, as the process doesn’t compromise the integrity of the material being examined while also saving valuable time and resources. This versatility positions industrial linear accelerators as essential tools in waste management, metal casting, mining, and the food and preservatives industry.

Noteworthy Innovations and Trends in the Industrial Linear Accelerator Market:

Innovation continues to shape the industrial linear accelerator landscape. For instance, Marco Carlone, a prominent expert in the field, has introduced an online simulation tool tailored to assist medical physicists. This groundbreaking tool is expected to catalyze transformative changes within the industrial linear accelerator market. Furthermore, the increasing adoption of non-invasive treatment methods is anticipated to further propel the growth of the industrial linear accelerator market in the coming years.

“Given the extensive applications of industrial linear accelerators across both public and private sectors, the global industrial linear accelerator market is poised for remarkable growth in the coming years,” remarks an analyst at Future Market Insights.

Insights from the Industrial Linear Accelerator Market Study:

  • Europe accounts for approximately 28% of the market share, driven by the increasing volume of international trade activities.
  • North America holds over 20% of the market share, attributed to a surge in industrial production within the United States.
  • The Asia-Pacific region is expected to experience rapid growth in the industrial linear accelerator market, fueled by the proliferation of Industry 4.0 initiatives.

Some of the key players in the market are:

  • MITSUBISHI HEAVY INDUSTRIES, LTD.
  • Wasik Associates Inc.
  • VIVIRAD S.A
  • Iotron Industries Canada, Inc.
  • IBA Group
  • Jiangsu dashing accelerator manufacturer co., LTD
  • DIONDO GMBH
  • High Voltage Engineering Europa B.V. (HVE)
  • NISSIN ELECTRIC Co., Ltd.
  • Varian Medical Systems, Inc.

Recent Developments in the Industrial Linear Accelerator Market:

  • In 2019, Altair Technologies unveiled a new website catering to various industries, including medical, security, and defense, to enhance its online presence and engagement.
  • In 2019, CGN Dahseng Company, Nondestructive Testing Company, and Thailand Advanced Sterilization Company entered into an agreement to promote the establishment of an Electron Accelerator Application Research Centre in Thailand, focusing on electron beam technology for various applications.
  • In April 2021, Varian partnered with Icon Group to deliver 30 linear accelerators and associated treatment software to address the rising cancer cases, thereby contributing to cancer treatment efforts.

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Key Segments:

On the basis of End Use Industry:

  • Automotive industry
  • Metal casting industry
  • Aerospace industry
  • Missile/defence industry
  • Food processing industry
  • Medical Waste Disposal Services Industry
  • Others

On the basis of the Varying Energy Ranges Industry:

  • 2 MeV – 4 MeV
  • 5 MeV – 7 MeV
  • 8 MeV – 10 MeV
  • 10 MeV – 12 MeV
  • Others

On the basis of the Application:

  • Industrial Radiography
  • Cargo Screening
  • Radiation Processing
  • Polymer Modification
  • Sterilization
  • Food Preservation
  • Waste Treatment
  • Others

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • MEA
  • Europe

Author:

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

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

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

About Future Market Insights (FMI)

Future Market Insights, 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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FMI Study Affirms North America Variable Frequency Drive Market to Exceed USD 5,056.2 Million Revenue by 2032, Growing at 6% CAGR

The North America variable frequency drive market is experiencing robust growth, with an anticipated valuation of USD 5,056.2 million by 2032, following a significant milestone of USD 4,770 million in 2022. This positive trajectory is underpinned by a commendable compound annual growth rate (CAGR) of 6% projected for the entire forecast period.

A primary driver behind this exceptional expansion is the escalating electricity rates in North America. As energy costs continue to increase, businesses and manufacturers are actively seeking innovative solutions to optimize their energy consumption. Variable frequency drives (VFDs) have emerged as highly effective tools in this endeavor. These devices enable precise regulation of voltage and frequency, empowering machinery to operate at optimal energy-efficient levels. Consequently, significant cost savings are realized, positioning VFDs as attractive investments for businesses strategically focused on reducing their electricity expenses. The market’s trajectory reflects a strategic response to the evolving energy landscape, emphasizing the growing importance of energy-efficient solutions in the industrial sector.

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Efficient Energy Management and Innovations in Motor Control:

Escalating energy costs have necessitated the adoption of energy-efficient motor control systems, offering a viable alternative to conventional throttling mechanisms like valves and fixed speed controllers. Len Busch Roses, exemplifying this trend, employs Danfoss’ variable frequency drive to meticulously regulate airflow in their snapdragon greenhouse, yielding a substantial 22% reduction in energy expenditures.

The integration of smart grid technology is gaining traction, potentially revolutionizing voltage and phase angle variations, consequently enhancing electricity transmission efficiency.

Furthermore, the application of a single variable frequency drive to govern multiple electric motors has emerged as an energy-saving strategy, diminishing energy wastage. The synchronous bypass technique utilizes a variable frequency drive for initiating and synchronizing multiple motors, seamlessly transferring the load from one source to another. According to Rockwell Automation, an asynchronous variable frequency drive system capable of overseeing two motors can result in a remarkable 33% reduction in initial capital expenditure.

Key Insights from the North America Variable Frequency Drive Market:

  • The North America Variable Frequency Drive market is prominently led by AC drives, constituting over 70% of the market share. This dominance stems from their extensive utility in heavy and medium industries such as power generation, oil and gas, food and beverages, paper and pulp, infrastructure, and automotive sectors.
  • Low voltage units, comprising more than 80% of the market share, are driven by escalating demand for low-power variable frequency drives across applications like fans, pumps, machine tools, cranes, fluid machines, printing machines, metal processing machines, and food processing equipment.

According to an analyst at Future Market Insights, the market’s growth is underpinned by the pursuit of enhanced productivity and reduced downtime.

Key Players Operating in the Industry:

  • Fuji Electric Co.
  • Schneider Electric
  • Mitsubishi Electric Corporation
  • Toshiba International Corporation
  • Siemens AG
  • Emerson Industrial Automation
  • ABB Ltd.
  • Johnson Controls Inc.
  • American Electric Technologies Inc.
  • Rockwell Automation Inc.
  • General Electric Company
  • Honeywell International Inc.
  • Hitachi Limited

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Competitive Landscape:

  1. In June 2021, Yaskawa Electric Corporation introduced the HV600 drive series, featuring advanced variable speed control for HVAC applications.
  2. Eaton Corporation unveiled the PowerXL DM1 micro variable frequency drive in June 2021, targeting OEMs across industrial and commercial sectors.
  3. Fuji Electric made strides in the renewable energy sphere, announcing a venture into virtual power plants in September 2022.
  4. Emerson expanded its reach in the life sciences sector through the acquisition of Fluxa in June 2022, bolstering its industry position.

Key Segments Profiled:

By Voltage Range Type:

  • Low Voltage Range
  • Medium Voltage Range

By End-use Industry:

  • Oil & Gas
  • Food Processing
  • Automotive

By Application:

  • Standard
  • Regenerative

Author:

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

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

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

About Future Market Insights (FMI)

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

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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FMI Forecast States Global Below 30 Hp Centrifugal Water Pump Market Projected to Reach USD 68.95 Million by 2032, Driven by 5.3% CAGR

The global below 30 Hp centrifugal water pump market is positioned for impressive expansion, aiming for a projected valuation of USD 68.95 million by 2032, compared to USD 37.1 million in 2022. This significant growth is supported by a projected compound annual growth rate (CAGR) of 5.3% over the forecasted period, highlighting the market’s dynamic and promising nature.

A primary driver propelling this surge is the escalating demand for cost-effective and energy-efficient centrifugal water pumps. With the rising energy costs, both consumers and industries are increasingly prioritizing energy consumption and environmental impact reduction. In response to this heightened awareness, there’s a growing preference for water pumps that not only ensure effective water circulation but also achieve this goal with reduced energy consumption. Centrifugal water pumps, renowned for their efficiency, are well-positioned to meet this demand, thereby driving the market’s robust growth. This trajectory underscores the market’s strategic alignment with the evolving landscape of energy efficiency and sustainability in water circulation solutions.

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The below 30Hp centrifugal water pump market is predicted to expand owing to the surging investments in infrastructure and increased construction activities. Owing to the expansion of the water supply network and a surge in agriculture initiative operations, there is a rising demand for these water pumps. Over the assessment period, a phenomenal rise in demand for cost-effective and energy-efficient centrifugal water pumps can be seen attributing to the rising energy costs and increasing environmental consciousness among end users.

Key Takeaways:

  • With the help of technological advancements, the performance of a below 30 Hp centrifugal water pump in the market is anticipated to bolster, making it efficiently usable in several downstream applications. Furthermore, they save a chunk of money by not put hefty investments and setting up supplementary equipment like pulsation dampeners.
  • Attributing to its corrosion-resistant design, the below 30Hp centrifugal water pumps efficiently operate in environments where conventional pumps degrade rapidly. Over the assessment period, the demand for below 30Hp centrifugal water pumps is likely to increase due to rising energy costs and increasing environmental consciousness among end users.
  • These pumps are massively used in several end-use industries that allow producers, distributors, and users of chemicals to transport a wide range of fluids under diverse conditions, including ones that would quickly destroy other pumps.
  •  More than 50% of all the pumps sold around the globe are below 30 Hp centrifugal water pumps. These pumps are majorly utilized in both small as well as large-scale industrial applications including power, wastewater treatment, and chemicals.
  • Over the projection period, a reasonable surge in the sales of below 30 Hp centrifugal water pumps witnessed owing to their efficiency, which is ideal for home and agricultural applications. This is resulting in a surging need for new water sources all over the world.
  • As compared to various other pumping methods, below 30 Hp centrifugal chemical pumps have a good energy efficiency rating. Due to this, they have a big advantage over other pump designs in the market.

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Competitive Landscape:

The below 30 Hp centrifugal water pump market is massively consolidated, as prominent regional and local players account for a collective revenue share of around 70% of the total centrifugal water pump market in the country.

Key Players in Below 30 Hp Centrifugal Water Pump Market are Grundfos, KSB Pumps Ltd., Xylem Inc, Wilo SE, Flowserve Corporation, Calpeda S.p.A, Omega Egypt Co.

Key Segments:

By Application:

  • Industrial
  • Agriculture
  • Domestic

By Product:

  • Mini Pumps (0.5-30 HP)
  • Monobloc Pumps (0.5-30 HP)
  • Submersible Pumps (0.5-30 HP)

By Capacity:

  • 0.5 Hp (minimum)
  • 30 Hp (maximum)

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific

Author:

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

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

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

About Future Market Insights (FMI)

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

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Military Parachutes Market Anticipated to Exceed USD 2.43 Billion by 2033, Surging at an Average 5.5% CAGR | FMI Study

The global military parachutes market is anticipated to experience robust compound annual growth rate (CAGR) of 5.5% throughout the forecast period. This trajectory is expected to propel the market from its 2023 valuation of USD 1.42 billion to an estimated USD 2.43 billion by 2033.

The driving force behind this remarkable growth is the widespread adoption of military parachutes across various military operations, establishing the defense sector as the primary end-user industry in the market. Serving as critical assets, military parachutes play a pivotal role in ensuring the safety and efficiency of paratroopers and equipment deployment, solidifying their indispensable status within modern armed forces. This market’s expansion underscores its strategic importance in addressing the evolving needs of defense forces globally.

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Anticipated Surge in Military Parachutes Sales Driven by Defence Industry and UAV Operations:

The defence industry is poised to be the primary driving force behind the increased sales of military parachutes, with their utilization spanning a range of military operations. Additionally, the rising use of Unmanned Aerial Vehicles (UAVs) for Intelligence, Surveillance, and Reconnaissance (ISR) operations has been facilitated by the growing adoption of parachutes in various procedures, including leisure activities.

Furthermore, the projected growth in military parachutes sales is expected to be further propelled by the escalation of international conflicts. The incorporation of technological advancements such as lightweight materials, GPS systems, drogue chutes, and recovery parachutes is set to contribute to the global expansion of the military parachute market. Industry experts unanimously view these factors as conducive to the promising growth of the military parachute market.

“Military parachutes find essential applications in cargo and military sectors, establishing a robust foundation for the burgeoning growth of the military parachute market,” comments an analyst at Future Market Insights.

Key Insights from the Military Parachute Market:

  • The North American region dominates the market share, propelled by prominent parachute manufacturers like Mills Manufacturing, BAE System Plc, and Airborne Systems situated in the US.
  • Europe commands a significant market share, attributed to substantial investments in parachute production within the region.
  • The Asia-Pacific region is projected to contribute over 30% of the market share during the forecast period, driven by increased defense equipment spending in the upcoming years.

Prominent Companies in the Military Parachute Market:

  • Airborne Systems
  • Butler Parachute Systems
  • Cimsa Ingenieria De Sistemas, S.A.
  • Complete Parachute Solutions, Inc.
  • Fujikura Parachute CO., LTD.
  • FXC Corporation

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Recent Developments in the Global Military Parachute Market:

  1. Lockheed Martin Contract for F-35 Parachutes: In July 2021, Lockheed Martin, a renowned aerospace and defense company, secured a significant contract valued at USD 62 million. The contract was awarded to supply parachutes and drag chute systems for the F-35 Lightning II combat aircraft. Under this contract, Lockheed Martin is tasked with delivering 190 parachutes and 56 drag chute systems. These systems are intended for non-Department of Defense (DOD) participants and Foreign Military Sales (FMS) clients. This contract highlights the company’s role in providing crucial equipment to enhance the performance and safety of advanced combat planes.
  2. Testing of T-11R Single Pin Troop Reserve Parachute: In January 2021, the US Airborne and Special Operations Test Directorate (ABNSOTD) conducted comprehensive testing on the new T-11R Single Pin Troop reserve parachute. The purpose of the testing was to ensure the functionality and reliability of the parachute from both rotary and fixed-wing high-performance aircraft. Successful testing of the T-11R Single Pin Troop reserve parachute is expected to facilitate its mass induction. The significance of this development lies in the potential enhancement of safety for military personnel during airborne operations by utilizing advanced reserve parachute systems.

Market Segmentation Analysis:

By Product Type:

  • Round-type Parachute
  • Cruciform Parachute
  • Ribbon and ring/ Annular
  • Ram air parachute

By Application:

  • Personnel parachutes
  • Cargo Parachutes

By Region:

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

Author:

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

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

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

About Future Market Insights (FMI)

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

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Electric Kebab Machine Market Share Anticipated to Exceed USD 560 Million Mark by 2033, Growing at an Average 6.7% CAGR

The global electric kebab machine market is poised for significant expansion, with revenue anticipated to surpass the USD 560 million mark by 2033. Presently valued at USD 292 million, this industry is propelled by robust projections, forecasting a steady Compound Annual Growth Rate (CAGR) of 6.7% from 2023 to 2033.

The electric kebab machine, a groundbreaking advancement in culinary technology, distinguishes itself by leveraging electricity to ensure consistent and reliable heat—a vital aspect of the kebab-making process. Whether catering to culinary enthusiasts, home chefs, or individuals with a discerning palate for freshly grilled kebabs, this appliance signifies a transformative addition to the gastronomic sphere. Insights provided by Future Market Insights, Inc. shed light on the market’s potential, underscoring its pivotal role in advancing culinary innovation.

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United States Leads with a Dominating Share in the Electric Kebab Machine Market:

In accordance with the electric kebab machine market survey report, the United States had the greatest market share of 33% in overall revenue generation. The USA Electric kebab machine market is projected to retain its dominance by growing at a healthy CAGR of 7.2% and attaining a sales volume of nearly USD 140 Million in the final year of this projected timeline.

  • Factors Driving the Growth of Electric Kebab Machine Market in the USA

Owing to the greater prevalence of at-home and outdoor cooking facilities, the Region had the largest number of electric Doner kebab machine sold in the year 2022. Barbecuing and grilling steaks have become a vital element of consumer behavior in the USA, combined with a desire for taste and flavor variation in dishes. As stated by the Hearth, Patio, and Barbecue Association, 30% of customers in the country use grills or smokers, resulting in increased momentum for the USA electric kebab machine market.

Growth Prospects for Electric Kebab Machine Market in European Countries:

  • UK Emerges as a Key Player with Rapid Growth in the Electric Kebab Machine Market

During the years 2023 to 2033, the United Kingdom’s electric kebab machine industry is expected to rise rapidly with the highest CAGR of 8.4% of any other country. This expansion from the previous growth rate of 5.3% during the years 2018 to 2022 can be ascribed to millennials’ and youths’ increased interest in recreational culinary activities.

  • Growing Trends in European Electric Kebab Machine Market

Similar emerging trends in the electric kebab machine market can be traced in other European nations resulting in an outgrowth of regional players in recent years. Additionally, the German, France, and Italy electric kebab machine market income is getting highly driven by the tourists’ predilection for grilled vegetables and meats in their diet.

South Korean Market Witnesses Rising Demand for Electric Kebab Machines:

  • Factors Behind the Growth of Electric Kebab Machine Sales in South Korea

As per the records of the electric kebab machine market statistics report, the product demand in South Korea is expected to grow at a rate of 5.2% and is headed to contribute around USD 14 Million by the year 2033. South Korean electric kebab machine market witnessed rapid development as a result of rising street food consumption and investment in barbeque items in important regions such as China and South Korea.

  • Innovative Features Propel South Korea’s Electric Kebab Machine Market

The ubiquity of sandwiches, hotdogs, and French toast on outdoor barbecues, as well as the rising desire for items other than burgers and fries, are opening the door for the regional electric kebab machine market. Electric kebab machine manufacturers in South Korea are heavily putting money into new product designs with sophisticated technical features in order to give consumers the greatest convenience.

Japan’s Strategy to Counter Lower Demand for Electric Kebab Machines:

  • Japan’s Electric Kebab Machine Market Shows Steady Growth

As per the electric kebab machine market report, the overall growth rate of the target market in Japan is estimated to be around 6.9% and is projected to reach almost USD 35 Million by the end of the year 2033.

  • Traditional Inclination and Export Sector Fuel Japan’s Electric Kebab Machine Market

The traditional inclination for healthy foods, coupled with changing lifestyles and the desire for handmade grilled foods, are the primary reasons for the continued expansion of the electric kebab machine industry in Japan. Though the growth rate in terms of sales of electric kebab machine in Japan is less than that 8.4% in China, the strengthening of the export sector has made it a lucrative region for global and regional market players.

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Key Players Profiled in the Electric Kebab Machine Market Report:

  • Kebapchef
  • Lavna
  • Lazada
  • Wellberg

Key Segments Covered:

By Voltage:

  • 6 Volts
  • 110 Volts
  • 220Volts
  • 380 Volts
  • Others

By Buyer Type:

  • Commercial Buyers
  • Household Buyers
  • Others

By Sales Channel:

  • Food Equipment Specialty Retailers
  • Brand Franchised Stores
  • Modern Trade
  • E-Commerce Platforms
  • Others

By Region:

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

Author:

Ronak Shah (Associate Vice President at Future Market Insights) is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.

What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers’ shifting preferences.

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

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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FMI Analysis States Global Food Extruder Market Estimated to Drive Past USD 87.2 Billion Revenue Share in 2033, Growing at 3.9% CAGR

The global food extruder market is currently poised at a remarkable valuation of USD 59.6 billion, showcasing consistent growth momentum, as per the latest findings from a comprehensive study by FMI. With a projected Compound Annual Growth Rate (CAGR) of 3.9% anticipated throughout the forecast period, the market is anticipated to soar to an impressive USD 87.2 billion by the year 2033.

Renowned for its cutting-edge technological advancements, food extrusion stands as a cornerstone process, offering unparalleled versatility and a plethora of advantages. Extruders adeptly handle a diverse spectrum of ingredients, facilitating the production of an extensive range of food products distinguished by varied textures, appearances, and colors. From the irresistible crispiness of snacks to the nutritional allure of breakfast cereals, formulations for pet food, and the burgeoning sector of meat alternatives, the applications of food extrusion are both expansive and promising.

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Driving Factors:

The evolving consumer lifestyle, characterized by an increasing preference for packaged and processed foods, propels food businesses to adopt advanced food extrusion technology. This technology not only enhances productivity but also promotes energy efficiency.

Innovation and Expansion:

Emerging companies are embracing food extruder systems to diversify their product portfolios, venturing into the production of various processed food items, including those made from grains and spices.

Key Highlights:

  • The dominant product category is the single screw extruder, expected to flourish at a 3.2% CAGR (2023 – 2033). Its ease of maintenance and operational flexibility contribute to its sustained growth.
  • Leading the end user segments, food processing is projected to expand at a 3.6% CAGR between 2023 and 2033. Its significant contribution to the food processing domain accounts for its robust growth rate.
  • The US food extruder market has exhibited strong growth and is poised to achieve the highest CAGR of 3.0% throughout the forecast period. Valued at USD29.2 billion, this growth is propelled by a burgeoning food and beverages industry, coupled with a rising demand for nutritious processed bars.
  • China, expected to secure the second-largest market share of USD5.8 billion by 2033, is anticipated to experience the second-highest CAGR of 2.9% between 2023 and 2033. This growth is attributed to an increase in per capita income and the prevalence of contemporary instant food trends in China.

Competitive Landscape:

Prominent companies within the food extruder market prioritize enhancing unit efficiency, speed, affordability, and reliability. Their strategies encompass employing techniques like mergers and acquisitions to bolster supply chains and diversify distribution channels. Key players in this market include Buhler, Baker Perkins, Coperion, Lindquist Machine, and Pavan SPA.

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Recent Market Developments:

  • Baker Perkins has unveiled novel extruders that leverage twin-screw extrusion technology at the core of their versatile systems, enabling the production of a wide array of high-quality extruded ingredients.
  • Buhler has expanded its processing unit’s offerings with the integration of advanced extruders, catering to the production of aqua feed, pet food, breakfast cereals, and food ingredients. The rising demand for packaged and affordable processed foods is driving this innovation.

Food Extruder Market by Category:

By Type, the Food Extruders Market is Segmented as:

  • Single Screw Extruders
  • Twin Screw Extruders
  • Contra Twin Screw Extruders

By End Use, the Food Extruders Market is Segmented as:

  • Food Processing
  • Bakery Confectionaries
  • Others

By Sales Channel, Food Extruder Market is Segmented as:

  • Direct
  • Retail Sales

By Region, Food Extruder Market is Segmented as:

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

Author:

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

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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