Market Research Blog – Page 3088 – New Product Development

Cylinder Deactivation Systems Market worth US$ 7.1 billion by 2033

Based on recent research conducted by Future Market Insights (FMI), the cylinder deactivation systems (CDS) market is poised to achieve a valuation of approximately US$ 4.5 billion by the conclusion of 2023. Projections indicate a notable growth trajectory, with the market anticipated to expand at a steady compound annual growth rate (CAGR) of 4.6% over the forecast period spanning from 2023 to 2033, reaching a total value of around US$ 7.1 billion by the end of the forecast period.

One of the primary catalysts propelling the growth of the CDS market is the escalating demand for enhanced fuel efficiency in vehicles. Governments worldwide have implemented stringent fuel economy standards, compelling automakers to adopt innovative technologies to meet these mandates. CDS technology stands out as a viable solution, enabling automakers to enhance fuel efficiency and reduce CO2 emissions by deactivating cylinders under specific conditions.

Additionally, the mounting concern surrounding environmental pollution and the enforcement of stricter emission regulations are driving the adoption of CDS technology. By enabling vehicles to operate with fewer cylinders under low-load conditions, CDS systems facilitate a reduction in exhaust emissions. Consequently, these systems are increasingly favored by automakers as a means of adhering to stringent emission regulations while simultaneously addressing environmental concerns.

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Growth Factors

As the cost of fuel continues to rise, consumers are placing greater emphasis on the fuel efficiency of vehicles they purchase. This heightened demand for fuel-efficient vehicles has prompted a surge in the adoption of technologies like Cylinder Deactivation Systems (CDS). With an increasing awareness of environmental impact and a desire for reduced fuel consumption, consumers are urging automakers to innovate and incorporate technologies that enhance fuel efficiency.

CDS technology emerges as a cost-effective solution in this scenario, offering affordability and efficiency in improving fuel economy while simultaneously reducing emissions. Its ease of installation and minimal need for engine or vehicle system modifications make it an attractive choice for automakers striving to meet fuel efficiency and emission reduction targets.

Furthermore, the market witnesses a growing trend towards the development of novel cylinder deactivation technologies. Manufacturers are exploring advanced solutions such as electromagnetic valve actuators, which promise faster and more precise valve control compared to traditional hydraulic valve systems. Additionally, integrating cylinder deactivation with other engine management systems is gaining traction, presenting opportunities to optimize fuel efficiency even further.

Key Companies

Aisin Seiki Co. Ltd.
Borgwarner Inc.
Continental AG
Delphi Technologies
Denso

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Market by Category

By Component:

Valve Solenoid
Engine Control Unit
Electronic Throttle Control

By Actuation Method:

Overhead Camshaft design
Pushrod Design

By End-use:

Passenger cars
Light Commercial Vehicles

By Region:

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

Global Pharmaceutical Unit Dose Packaging Market to Reach US$ 136 Billion by 2033, Growing at a CAGR of 14.8%

The global pharmaceutical unit dose packaging market is expected to attain an impressive valuation of US$ 34.2 billion in 2023 and is projected to reach US$ 136 billion by 2033, trailing a CAGR of 14.8% during the forecast period.

The increasing importance of product traceability and safety is driving the growth of pharmaceutical unit dose packaging market. The growing awareness regarding the risks associated with drug contamination and tampering further escalate product demand that can protect drugs from these risks. For instance, the use of e-pedigree systems is used to track and trace the movement of drugs through the supply chain. This helps to ensure that only authentic drugs reach the market.

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An increase in the supply of active pharmaceutical ingredients (APIs) is further fuelling the demand for blister-based unit dose packaging. The new developments in API manufacturing and development facilities are helping the market to grow.

A surge in demand for child-resistant and senior-friendly packaging is further boosting product demand. Unit dose packaging options are designed to avoid accidental ingestion of drugs by children and older adults. This help in improving patient safety and minimizing the risk of medication errors. Furthermore, the increasing number of prescription drugs is increasing revenue growth.

A rise in global spending on medicine is positively impacting the blister unit dose pharmaceutical packaging. Various developed countries are witnessing a better adoption rate for improved healthcare diagnostics and overall standards, including medicine. This is anticipated to augment growth in the market.

An increase in drug consumption rate is further driving product demand. On the other hand, the evolution of e-commerce platforms is contributing to simplifying drug access and also complying with the strict regulations for safe logistics.

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Key Takeaways

North America is expected to dominate the industry by accumulating over 38.6 % revenue share by end of the forecast period.
The market in India is projected to witness the fastest CAGR of 7.90% during the forecast period.
China is projected to exhibit a 6.90 % of CAGR in Pharmaceutical Unit Dose Packaging market.
By packaging type, vials are projected to account for 35% market share by end of the forecast period.
By material type, Plastic is expected to lead the market by withholding 47.9 % of revenue share in 2023.

“A surge in demand for over-the-counter drugs will especially create a favorable ground for pharmaceutical packaging materials. In addition, increasing preference for single-dose packaging formats, and rapid expansion of e-Pharmacy will further propel growth in the market”- comments an FMI Analyst

Competitive Landscape

The Pharmaceutical Unit Dose Packaging market is extremely competitive and consists of numerous key industry players. These players are innovating new products in the respiratory devices domain. This is expected to propel pharmaceutical unit dose packaging market. The key industry players are:

Gerresheimer AG, West Pharmaceuticals Services, Inc, Schott AG, SGD SA, Stevanato Group S.p.a., Klockner Pentaplast Group, UDG Healthcare plc., Nipro Corporation, Amcor plc., Adelphi Healthcare Packaging, Winpak Ltd., Berry Global, Inc., Comar LLC, Constantia Flexibles Group GmbH, Catalent Inc., Becton, Dickinson and Company, Pacific Vial Manufacturing Inc., Sonoco Products Company, WestRock Company, AptarGroup, Inc.

Key market players are leveraging on inorganic growth strategies like acquisition, mergers, partnerships, and collaboration in order to enhance their product portfolio. This is expected to fuel the global Pharmaceutical Unit Dose Packaging Market.

In May 2021, ‘Gerresheimer’ showcased a new platform for on body infusion pump “SensAIR” that can deliver drugs of high viscosity. It is simple to use and helps in the self-determination of medication.
In January 2022, ‘Berry Global Group’ and ‘Raw Elements USA’ collaborated to introduce a sugarcane-based sustainable tube. The tubes are manufactured from waste sugarcane, which is converted into high-density polyethylene and low-density polyethylene to make a material with the same chemical composition as polyethylene obtained from fossil fuels.
In June 2021, Amcor PLC introduced the ‘ACT2100’ heat seal coating for use with medical-grade DuPont Tyvek2 and paper packaging. This innovative coating process enhances the performance characteristics of medical applications.

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global pharmaceutical unit dose packaging market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in pharmaceutical unit dose packaging market, the market is segmented on the basis of product, material, end-use and regions.

Key Segments Profiled in the Pharmaceutical Unit Dose Packaging Industry Survey

By Product:

Blisters
Ampoules
Vials
Prefilled Syringes & Cartridges

By Material:

Plastic
- Polyethylene
- Polypropylene
- Polyvinyl Chloride
- Polyethylene Terephthalate
Aluminium
Glass
Paper & Paperboard

By End Use:

Ophthalmic
Injectable
Biologics
Wound Care
Respiratory Therapy
Orals

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

About Future Market Insights Inc. (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:

Nandini Singh Sawlani

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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Recycled Scrap Metal Market in Europe Booming: Demand to Reach US$ 66.2 Billion by 2032

According to the Future Market Insights report, the European market for recycled scrap metal is valued at US$ 29.8 Billion in 2021. By the end of 2032, the market is expected to reach a market worth US$ 66.2 Billion, growing steadily with a CAGR of 5.3% during 2022-2032. The global increase in urbanization and industrialization is one of the main factors driving the growth of the recycled scrap metal industry in Europe.

The market for recycled scrap metal is growing as a result of the existence of rules and regulations that are enforced by European governments, in addition to the broad adoption of the method by manufacturers for obtaining raw materials to build completed goods without sacrificing their qualities. For instance, the recycling industry in Europe creates a gross domestic product of $107.8 billion. The necessity to minimize greenhouse gas emissions and the general public’s growing environmental responsibility are driving the growth of the European metal recycling industry.

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To fulfill the increased demand for metals in residential structures, the rise of the construction as well as automotive sectors is having a favorable effect on the target market. Additionally, the need for scrap metal recycling is being supported by the scarcity of earth metals and the high cost of mining the earth. Additionally, the need for metal recycling is being fueled by growing worries over the state of the environment and greenhouse gas emissions. Since recycling metal lowers emissions and saves energy, achieving global emission objectives has never been more important. The Bureau of International Recycling estimates that scrap is used to make 40% of the steel produced. Therefore, successful recycling decreased the need to mine new metals. Such developments are expected to boost the demand for recycled scrap metals in Europe during 2022-2032.

Key Takeaways

By the end of 2022, it is anticipated that the European market for recycled scrap metal would be worth around US$ 38.8 Billion.
Non-ferrous metals will have 44.6% of the market share by metal type in 2022.
Over 48% of the shares by source type are expected to be taken up by post-consumer scrap metal usage.
With a CAGR of 5.2% from 2022 to 2032, the transportation sector will dominate the market in terms of end-use.

Competitive Landscape

The key players present in the European recycled scrap metal market are

Aurubis AG
Kuusakoski
Regulator-Cetrisa
Rawlings Manufacturing, Inc.
Guidetti Recycling Systems.

Through mergers, strategic alliances, acquisitions, and partnerships, leading firms in the recycled scrap metal sector are expanding their global footprint. The use of waste materials in industrial processes is being increased by large organizations to cut back on carbon emissions.

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Recent Developments

In 2021, a deal was signed between Aurubis AG and the Düsseldorf-based SMS Company for the development of a multi-metal recycling facility in the United States. With this agreement, the two businesses commit to collaborate closely on the Greenfield development of Aurubis Richmond, with the SMS group creating, delivering, and putting into practice the facility idea.
A cutting-edge piece of machinery for processing complicated recyclable material to recover nickel, copper, tin, precious metals, zinc, and platinum-group metals is the top-blown rotary converter (TBRC), which was developed by the SMS group. Additional facilities for sampling and an off-cleanup are also included in the delivery’s scope. To best satisfy the requirements for building a contemporary recycling facility, both partners are providing their knowledge to attain the requirements to achieve a sustainable circular economy.

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 ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Thin Film and Printed Batteries Market Set to Surge, Projected to Reach US$ 1,138.14 Million by 2033

According to projections, the Thin Film and Printed Batteries Market would be valued US$ 180.78 million in 2023 and US$ 1,138.14 million in 2033. From 2023 to 2033, the market is projected to grow at a CAGR of 20.2%.

The density, lifespan, and safety of thin film and printed batteries have improved. The rising demand for these batteries in electronic products and medical equipment is driving the major companies towards technological advancement, enabling the batteries to become more flexible or thinner.

As an illustration, Tokyo Tech Corporation and Tohoku University have developed batteries with reduced resistance in order to overcome the shortcoming of solid-state batteries.

Market Opportunities

The development of IoT and wireless sensor technologies has led to a rapid uptake of wireless sensors worldwide.
Wireless sensors are now being employed in situations where they have not before been used due to the rapid development of energy-harvesting technologies like thin film and printed flexible batteries.
Microbatteries’ excellent form factors, ultra-thin profiles, and minimal leakage characteristics make it possible to capture energy. Thin film and printed battery manufacturers anticipate the rising popularity of energy-harvesting-based autonomous wireless sensors to provide new business opportunities.

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Key Takeaways from Thin Film and Printed Batteries Market Report:

By 2033, the thin films and printed batteries market in the United Kingdom is likely to expand, with a CAGR of 19.3%.
By 2033, the United States is expected to dominate the thin films and printed batteries market with a valuation of US$ 325.6 million.
The thin films and printed batteries market was significantly expanding, with a size of US$ 150.4 million in 2022.
The thin films and printed batteries sector expanded at a CAGR of 24.3% from 2018 to 2022.
By 2033, China’s thin films and printed batteries market is projected to expand, with a CAGR of 21.3%.
By 2033, South Korea is expected to expand significantly in the thin films and printed batteries business, with a CAGR of 20.7%.
Japan’s thin films and printed batteries industry is likely to expand significantly, with a 19.6% CAGR by 2033.
By 2033, the below 1.5 V segment is expected to dominate the market, with a CAGR of 20.1%, based on voltage.
By 2033, the below 10 mAh segment is expected to dominate the market, with a CAGR of 20%, based on capacity.

Top Competitors and Their Winning Strategies

To improve their market positioning, makers of thin film and printed batteries have used various techniques, including new product introductions, product development, and acquisitions.

Samsung SDI Co., Ltd
Enfucell Oy Ltd.
Ultralife Corporation
Blue Spark Technologies
BrightVolt, Inc

Recent Developments:

In March 2020, Wearable Temperature Tag, a new product from Enfucell, was just introduced. The tag is built using a combination of SoftBattery, NFC, and a sophisticated temperature sensor.
With consistent investment in research and development, Samsung SDI secures breakthrough technologies and increases technological competitiveness. Moreover, Samsung SDI is taking a giant step toward the energy field by extending its business into the cutting-edge materials and components industry.
Imprint Energy said in August 2019 that the developer’s kit for their flexible, ultrathin, secure, printable batteries is now more widely available. The batteries were created specifically to power IoT devices integrated with Semtech’s LoRa devices for low power wide area networks and functioning with Bluetooth Low Energy and other standards.

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Thin Film and Printed Batteries Market: Key Segmentation

By Type:

Thin Films Batteries
Printed Batteries

By Voltage:

Below 1.5V
Between 1.5V and 3V
Above 3V

By Capacity:

Below 10 mAh
Between 10 mAh and 100 mAh
Above 100 mAh

By Rechargeable:

Primary Batteries
Secondary Batteries

By Application:

Consumer Electronics
Smart Cards
Smart Packaging
Medical Devices
Wireless Sensors
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia & Pacific

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Author:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

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Global Autism Spectrum Disorder Management Market Expected Grow At a 5.2% average CAGR is Projected to Reach US$3.55 Billion by 2033.

The global autism spectrum disorder management market is anticipated to grow consistently at a 5.2% Compound Annual Growth Rate (CAGR) until it reaches US$3.55 billion in 2033. This market’s expected value in 2023 is US$2.14 billion, which is driving this growth.

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Autism Spectrum Disorder (ASD) is characterized by recurrent behaviors, speech difficulties, and social interaction problems. As awareness and diagnosis rates rise, so does the demand for effective management solutions.

Autism spectrum is a brain illness. The effects of autism spectrum disorder on brain growth and development are permanent.

The primary childhood period is when autism spectrum disorder is first detected. A person with autism spectrum disorder may have a variety of effects, including altered behavior, difficulty communicating during everyday life events, social isolation, and many more.

While the scientific community and research team are unable to determine the exact etiology of autism spectrum disorder, current studies and predictions suggest that the illness may be a result of a hereditary problem.

Competitive Landscape:

Key Take of the Biggies in the Autism Spectrum Disorder Management Market

The key players in the market are making efforts and continually indulging in joint ventures, collaboration & mergers amongst themselves to launch novel products for the treatment of autism by research institutes, and cost-effective treatment for the end-users.

Recent Developments

Some of the recent developments are:

In 2021, Zelira Therapeutics announced the launch of the HOPE (Health Opportunity for Peoples Everywhere) partnership with Alternative Solutions LLC. This is a range of autism spectrum disorder products. This product will help patients recover from their social and communication problems.
In 2021, Fitore Nutrition announced the launch of Spectrum+ to ease the lives of children with an autism spectrum disorder. This product is a natural supplement that pides supportive treatment for children with autism.
Quadrant Bioscience Inc. announced the launch of Carifi ASD. This is the first epigenetic test for autism spectrum disorder.
HAB pharma and JVAC (Jai Vakeel Autism Centre) have partnered to empower autistic kids in India. The 30+ year-old research-based pharma company HAB pharma is expected to help JVAC with diagnosis and treatment.

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Key Players:

Curemark, LLC (Rye, United States)
Alembic Pharmaceuticals Limited (Vadodara, India)
Yamo Pharmaceuticals (New York)
PaxMedica (Woodcliff Lake)
F. Hoffmann-La Roche Ltd (Basel, Switzerland)
Aurobindo Pharma Ltd. (Hyderabad, India)
Otsuka Holdings Co. Ltd. (Tokyo, Japan)
Janssen Pharmaceuticals, Inc. (Titusville, New Jersey)
Teva Pharmaceutical Industries Ltd. (Tel Aviv, Israel)
H. Lundbeck A/S (Copenhagen, Denmark)

Key Segments Covered:

By Product Type:

Autistic Disorder
Asperger Syndrome
PDD-NOS
Other Pervasive Developmental Disorders

By Treatment:

Behavioural Approaches
Early Intervention
Medication
Others

By End-User:

Hospitals
Education Counsellor Center
Others

Key Regions Covered:

North America
- United States
- Canada
Latin America
- Brazil
- Mexico
- Rest of Latin America
Europe
- Germany
- United Kingdom
- France
- Spain
- Russia
- Rest of Europe
Japan
Asia Pacific Excluding Japan
- China
- India
- Malaysia
- Singapore
- Australia
- Rest of Asia Pacific Excluding Japan (APEJ)
Middle East and Africa
- GCC Countries
- Israel
- South Africa
- Middle East and Africa (MEA)

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T: +1-845-579-5705

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Temperature Transmitter Market Set for Rapid Growth, Reaching US$ 3.6 Billion by 2023 | Data by Future Market Insights, Inc.

The temperature transmitter market is forecast to expand at 6.5% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 3.6 billion in 2023.

Temperature transmitters are gaining wide adoption due to the robust integration of technologies like AI, IoT, and robots in wearable technologies. Recent breakthroughs in sophisticated patient monitoring systems permitting remote healthcare are boosting the demand for temperature transmitters. These transmitters improve the intelligence of medical equipment like life-supporting implants.

Temperature sensors are gaining traction in several applications like blood analyzers, sleep apnea machines, ventilators, medical incubators, neonatal ICUs, kidney dialysis machines, and regulating the temperature of organ transplant systems.

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The emergence of technology-focused trends like hybrid vehicles, the electrification of vehicles, and smart transportation in the automotive industry are propelling the demand for IR-based non-contact transmitters.

Robust digitization in the healthcare sector is pushing the adoption of digitally enabled temperature transmitters for various applications. Due to the surging disease burden and the expanding population rate, different developing and developed economies are investing big bucks in digitizing healthcare infrastructure and hospitals. Thus, improving the prospects for temperature transmitters.

Key Takeaways:

By 2033, the United States temperature transmitter industry is expected to amass US$ 1 billion by 2033. From 2023 to 2033, the market is projected to expand at a CAGR of 5.3%.
The United Kingdom temperature transmitter industry is projected to gain a market value of US$ 173.8 million by 2033. The market is expected to assume a CAGR of 4.9% throughout the decade.
China is expected to acquire a significant portion of the market in the forecast period. 2033 the country is projected to gain US$ 1.7 billion by 2033. In the next ten years, the market is expected to register a CAGR of 7.9%.
The Japan temperature transmitter industry is expected to gain US$ 1 billion by 2033. From 2023 to 2033, the market is projected to register a CAGR of 6.7%.
The South Korean temperature transmitter industry is expected to generate US$ 407 million by 2033. The market is projected to expand at a 6.9% CAGR in the forecast period.
Based on sensing technology, the thermocouple segment is projected to be a top segment in the market. Over the forecast period, the segment is expected to register a CAGR of 6.3%.
Based on industry, the power segment acquired the top position. From 2023 to 2033, the segment is estimated to account for a CAGR of 6%.

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Recent Developments:

In November 2019, Endress+Hauser introduced the first-ever temperature transmitter with Bluetooth. These transmitters are iTEMP TMT71 and TMT72, and they offer high measuring performance, innovative functions, and convenient application across industries. The technology substantially improves plant availability, process efficiency, and cost reduction. The device is convenient and quick to operate via Endress+Hauser’s SmartBlue app.
In March 2023, Amazon introduced a new Echo Dot with sensors for temperature and motion. The 5th Gen Echo Dot is equipped with a temperature sensor, better motion, audio detection, and tap gesture controls. The smart speaker works well with English, Hindi, and Hinglish. The device is compatible with Bluetooth so that users can listen to music from different smartphones.

Key Manufacturers:

Emerson Electric Company
ABB Ltd.
Endress + Hauser AG
Siemens AG
Yokogawa Electric Corporation
Wika Alexander Wiegand SE & Co. KG
Johnson Controls, Inc.
Honeywell International Inc.
Schneider Electric SE
Vaisala OYJ

Key Segments Profiled:

By Sensing Technology:

RTD
Thermocouple
Universal
Multi-channel

By Industry:

Oil & Gas
Food & Beverages
Water & Wastewater
Paper & Pulp
Metal & Mining
Power
Chemical
Pharmaceutical
Others

By Mounting Technology:

Din-Rail
Head
Field

By Communication Protocol:

Hart and Wireless Hart
Foundation Fieldbus
Profibus PA
Others

By Region:

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

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Capitalize on the Booming Wood Charcoal Market: Diverse Applications Drive Growth

A recent report by Future Market Insights (FMI) states that global sales of wood charcoal will value around US$ 20,536.1 Million in 2021. The global wood charcoal market is poised for steady growth, with a projected growth rate of 2.3% from 2022 to 2030. By the end of this period, sales of wood charcoal are anticipated to reach a substantial value of US$ 25,324.8 million. Substantial demand will come from residential sector, especially in developing regions of Asia Pacific, Africa and South America wherein over 2 billion people rely on wood energy for cooking and heating purposes. The study further reveals that cooking and heating in private households make up for about a third of worldwide renewable energy consumption

While emergence of alternative energy sources is hampering market growth, demand from chemical industry for production of chemicals – carbon disulfide, sodium cyanide, and carbon tetrachloride – is reflecting remunerative opportunities.

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Key Highlights

Charcoal lumps continue to generate greater revenue through 2030
Fuel feedstock to remain primary application area of wood charcoal
Adoption of wood charcoal in residential sector to remain over decade ahead
Hardwood to account for leading revenue share, tentative to 80%
Markets in Latin America and South Asia to offer potential growth avenues

“Food prepared from barbeque charcoal (BBQ) grills offer various benefits such as less oil usage, nutritionally rich food, and low fat. As consumers are following stay-at-home orders, at-home consumption is surging and consumers are showing greater interest for indoor grilling. The trend is well-established in developed regions, in particular,” says analyst at FMI.

Wood Charcoal Market – Competitive Intelligence

The global wood charcoal market is highly competitive, with presence of several players competing with each other to capture bigger revenue share. Majority of leading players are allocating huge investments in R&D to roll out innovative offerings that help step up production efficacy and thus improve their regional presence. Case in point,

Greencoal Namibia CC produces pure hardwood lump charcoal made from 100% natural Blackthorn wood. The charcoal offers enhanced lighting characteristics, reduced ash production, and amazing hardwood aroma.
Kingsford Products Company develops professional briquettes made with 100% natural ingredients and premium wood char to assure professional-quality results. These briquettes offer better burn and feature low ash formula.
Royal Oak Enterprises manufactures pure natural hardwood charcoal briquettes derived from wood, vegetable starch, and contain no additional substances.

Key Companies Profiled

The Clorox Company
Royal Oak Company
Duraflame Inc.
Fire & Flavor Grilling Company
Fogo Charcoal
Cooks International LLC
Southern Fuelwood

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To Know More About Wood Charcoal Market:

A new market research report published by Future Market Insights (FMI) on the global wood charcoal market report offers comprehensive insights into the market demand trends and analysis of opportunities over the forecast period, 2022-2030. The report examines the wood charcoal market through five different segments – product type, wood type, end use, application and region. The wood charcoal market report also provides extensive assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in the manufacturing of wood charcoal and product adoption across several end-use industries.

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 ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Global MRI-Safe Neurostimulation Systems Market Expected to Growth at a 15.3% CAGR Annual Growth Rate and Reach US$ 1,158.9 Million by 2033

The global MRI-safe neurostimulation systems market is anticipated to increase dramatically and surpass US$ 1,158.9 million in value by 2033. Future Market Insights estimates that this upturn would result in a 15.3% compound annual growth rate (CAGR), growing the market from its projected US$278.5 million size in 2023.

MRI-safe neurostimulation systems offer a novel approach to treating neurological illnesses. The ability to deliver customized brain stimulation with these state-of-the-art devices while maintaining compatibility with Magnetic Resonance Imaging (MRI) studies is a significant advantage for ongoing patient monitoring.

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Implantable neurostimulation systems, such as MRI-Safe, are less invasive and have demonstrated superior acceptance and success rates when compared to traditional medical therapies. Applications for MRI-safe neurostimulation devices include Parkinson’s disease, hearing loss, obesity, gastroparesis, chronic pain, and epilepsy. Additionally, because neurological illnesses are becoming more common, the U.S. market for implantable neurostimulation systems is expected to rise significantly over the next several years. Patients can now have an MRI without worrying about any potential negative effects thanks to the development of MRI-safe neurostimulation technologies. It is also projected that this will increase demand for MRI-safe neurostimulation devices, which will boost the market’s revenue creation.

Innovation and Investment Drive Growth:

Growing Awareness: Increased awareness among medical professionals and patients about the availability and benefits of MRI-safe neurostimulation systems is fostering market adoption.
Technological Advancements: Biotechnology companies are actively investing in research and development, leading to the creation of more advanced and effective MRI-safe neurostimulation systems.
Expansion of Treatment Facilities: The growing number of clinics and diagnostic centers equipped with these systems is improving access to treatment for patients worldwide.

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Competition Landscape:

The top businesses in the global market for MRI-safe neurostimulation systems include Boston Scientific, Sorin, Medtronic Inc., Cyberonics, Inc., AADCO Medical Inc., and Biotronik, among others.

Furthermore, a number of significant industry participants in the global MRI-Safe Neurostimulation Systems Market are currently concentrating more on forming alliances, purchasing businesses, and/or engaging in joint ventures in order to increase the size of their individual customer bases.

An important general trend is that enterprises in the market for MRI-safe neurostimulation devices are now searching for nations with advantageous policies in order to establish themselves internationally. Nowadays, companies in the industry are trying to start strategies like CSR initiatives and targeted marketing. Businesses are increasingly choosing to do business in nations with advantageous legislation in an effort to become globally recognized. It enables these companies to cut expenses while hiring industry experts at every pivotal juncture in the operation of their own enterprises.

In December 2023, Boston Scientific, a manufacturer of medical devices used in interventional medical specialties, constructed a new manufacturing and supply chain facility in Johns Creek, Georgia. The $62.5 million investment is expected to bring roughly 340 new jobs to Fulton County over the next seven years.
In January 2023, Nevro Corp. a global medical device company delivering comprehensive, life-changing solutions for the treatment of chronic pain, announced a series of data presentations supporting the use of the company’s HFX™ 10 kHz Therapy for patients with chronic pain.
In July 2023, Boston Scientific has a mystical company behind an ambitious plan for building a $170 million facility in Maple Grove, a project that will significantly help in the expansion of the medical technology company’s presence in the city and will thus lead in the creation of more than 175 new jobs.

Key Companies Profiled:

Medtronic Inc.
Cyberonics, Inc.
AADCO Medical Inc.
Boston Scientific
Sorin
St. Jude Medical
Biotronik
Codman & Shurtleff’s
Nevro Corporation
Boston Scientific Corporation

Key Segments Profiled in the MRI-Safe Neurostimulation Systems Market

By Product:

Implantable
Transcutaneous

By Application:

Spinal Cord Stimulation (SCS)
Peripheral Nerve Stimulation
Intracranial Stimulation
Deep Brain Stimulation
Motor Cortex Stimulation
Sensory Nerve Stimulation
Vagus Nerve Stimulation

By End User:

Hospitals & Clinics
Diagnostic Labs and Centers
Ambulatory Surgical Centers
Research Laboratories

By Region:

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

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Empowering Engineers: Embrace the Future with Game-Changing SRAM and ROM Design IP. SRAM and ROM design IP Market Maybe Valued at US$ 23 million in 2023.

In 2023, the SRAM and ROM design IP market may be worth US$ 23 million. By 2033, it is anticipated to have grown by a compound annual growth rate (CAGR) of 3.5%, reaching US$ 33.1 million. Greater processing speeds drive the rise of the SRAM and ROM design IP industry, while other factors, like the scaling problem of SRAM, may restrain this growth.

The rapid expansion of data volume and the rising popularity of online content have propelled storage manufacturers to develop continuously. Microcontrollers, embedded systems, programmable devices, and application-specific ICs are in high demand in the industrial and scientific sectors and the automotive industry. Demand for electronics components in the consumer electronics segment is on the rise.

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Accelerating SRAM and ROM Design IP Market Growth with Faster Processing Speed

The SRAM and ROM design IP industry is witnessing remarkable growth propelled by the demand for faster processing speeds. The clock speed of a CPU plays a crucial role in determining the retrieval and interpretation of instructions, enabling computers to perform tasks swiftly. SRAM’s superiority over DRAM lies in its reduced need for refreshing, resulting in faster access times.

With access periods as low as ten nanoseconds, SRAM outperforms DRAM’s 60 nanoseconds. By serving as a processor cache, SRAM enhances system performance. The rising applications of SRAM, driven by the need for efficient data retrieval and processing, fuel the SRAM and ROM design IP market expansion.

The Struggle of SRAM Scaling for Design IP Industry

The scaling issue of SRAM is hindering the market growth of SRAM and ROM design IP. Two significant challenges associated with SRAM scaling are cell stability and physical area constraints. The minimum voltage required for SRAM (SRAM Vmin) depends on transistor Vt mismatch, which is affected by structural and random dopant fluctuation (RDF).

Vt mismatch is inversely proportional to the size of the device/cell, meaning larger cells are more stable. Unfortunately, the scaling of SRAM cell size is restricted by critical ground rules, posing difficulties in terms of physical area. Chipmakers must make tough processes and design choices to overcome these challenges. Consequently, these obstacles may harm the market growth for SRAM and ROM design IP in the forecast period.

Key Takeaways

From 2023 to 2033, the SRAM sector in the type category of the SRAM and ROM design IP market is expected to see a CAGR of 3.5%.
Market growth for SRAM and ROM design IP in North America may average 3.3% CAGR from 2023 to 2033.
During the anticipated period, the SRAM and ROM design IP industry in the United States is expected to grow at a CAGR of 2.6%.
Between 2023 and 2033, the SRAM and ROM design IP business in the United States can reach US$ 10.4 million.
From 2023 to 2033, the United Kingdom SRAM and ROM design IP market may grow to US$ 1.5 million.
Market in the United Kingdom is anticipated to grow at a 2.9% CAGR over the forecast period.
China’s SRAM and ROM design IP industry is anticipated to grow at a 4.7% CAGR between 2023 and 2033.
By 2033, the China SRAM and ROM design IP market to be worth US$ 2.8 million.
Market growth in Japan is anticipated to average 3.2% CAGR throughout the forecast period.
Between 2023 and 2033, the Japan SRAM and ROM design IP business may reach US$ 2.4 million.
Between 2023 and 2033, the South Korean SRAM and ROM design IP industry to reach US$ 1.3 million.
SRAM and ROM design IP business in South Korea is anticipated to grow at a CAGR of 4.1% during the next years.

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Competitive Landscape

Moderate market fragmentation exists for SRAM and ROM Design IP globally. The SRAM and ROM design IP manufacturers are advancing their product lines with the most recent technological trends and advancements. To enhance their market share, they concentrate on strategic alliances.

Recent Innovations

Mentor Graphics and TSMC Collaborate for Enhanced IC Design and Advanced Packaging Solutions

The industry-leading N5 and N6 process technologies from TSMC were certified by Mentor Graphics Corporation in May 2020. This follows the company’s announcement that it had obtained certification for a wide range of Mentor integrated circuit (IC) design tools. Utilizing Mentor’s Caliber platform 3DSTACK packaging technology to enable TSMC’s advanced packaging platforms, the partnership between Mentor and TSMC has expanded to include advanced packaging technologies.

Everspin and GLOBALFOUNDRIES Extend Joint Development Agreement for Next-Gen MRAM Solution

The spin-transfer torque (STT-MRAM) joint development agreement (JDA) between Everspin Technologies Inc. and the specialized foundry GLOBALFOUNDRIES (GF) was modified in March 2020. On the development and production of STT-MRAM using technologies of 40 nm, 28 nm, and 22 nm, Everspin, and GF collaborated. They revised their agreement to establish the terms of a future project using an advanced 12-nm FinFET MRAM technology.

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Key Segments

By Type:

SRAM
ROM

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

Author:

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Global Drug Discovery Informatics Market is expected to reach US$ 12.5 Billion by 2033

According to a recently published analytical report by Future Market Insights, the global drug discovery informatics market demand is poised for significant growth, projected to generate US$ 2.9 billion in sales by 2022 and reach a valuation of US$ 12.5 billion by 2033 with a Compound Annual Growth Rate (CAGR) of 14.4% from 2023 to 2033.

The report highlights that Discovery Informatics, with a CAGR of more than 15% from 2023 to 2033, is expected to be the major revenue-generating segment within the drug discovery informatics market. This robust growth underscores the pivotal role played by informatics in revolutionizing the pharmaceutical and biotechnology industries, particularly in enhancing the process of drug development.

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The Drug Discovery Informatics Market stands at the forefront of innovation, leveraging computational tools, software, and data analytics solutions to expedite and enhance the drug discovery and development process. These advancements are crucial in meeting the increasing demand for novel and targeted therapies, driving the integration of informatics to streamline complex workflows in drug research.

As the pharmaceutical and biotechnology industries continue to evolve, the significance of informatics in drug discovery is becoming increasingly evident. Companies operating within this space are poised to capitalize on the growing demand for efficient and effective solutions that accelerate the pace of drug development while ensuring regulatory compliance and safety standards.

With the projected growth trajectory of the global drug discovery informatics industry, stakeholders are urged to stay abreast of market trends and technological advancements to capitalize on emerging opportunities and drive innovation in the quest for improved healthcare outcomes.

Key Factors Driving the Market:

Increasing Complexity of Drug Discovery: The drug discovery process involves a vast amount of data from various sources, including genomics, proteomics, and chemical libraries. Informatics tools help in managing and analyzing this data effectively.
Rising R&D Costs: The cost of developing a new drug is substantial, and pharmaceutical companies are under pressure to optimize their R&D processes. Drug discovery informatics offers ways to improve efficiency and reduce costs.
Advancements in Computational Methods: The growth of computational power and sophisticated algorithms has enabled more accurate simulations and predictions, reducing the need for extensive laboratory testing.
Personalized Medicine: The trend towards personalized medicine requires tailoring treatments to individual patient characteristics. Informatics helps in identifying patient subgroups that may respond differently to treatments.
Big Data and Omics Data Integration: The availability of vast amounts of biological and chemical data requires advanced informatics tools to integrate, analyze, and extract meaningful insights.
Drug Repurposing: Informatics tools can assist in identifying existing drugs that might be repurposed for new therapeutic indications, saving time and resources.

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Key Takeaways:

The largest market, with a value of US$ 4.1 billion, is anticipated to be in the United States by the end of 2033. From 2015 to 2022, it expanded at a considerable CAGR of 12.3%; going forward, it is anticipated to increase at a CAGR of 14.4%. One of the factors propelling the Drug Discovery Informatics market in the region is a rising emphasis on data-driven solutions by biotech and pharmaceutical firms.
By 2033, the market in the United Kingdom is projected to be worth US$ 669 million, expanding at a CAGR of 16% between 2023 and 2033. During the projection period, the market is expected to generate an absolute dollar opportunity of US$ 514 million.
By 2033, the market in Japan is projected to be worth US$ 731 million. The market in the nation is anticipated to generate an absolute dollar potential of US$ 597 million during the forecast period, expanding at a CAGR of 18.7%.
From 2023 to 2033, the market in South Korea is anticipated to expand at a CAGR of 12.8%. The industry is anticipated to see an absolute dollar potential of US$ 194 million during this time and reach US$ 275 million by 2033.

Competitive Analysis:

Certara
Boehringer Ingelheim International GmbH
Infosys Ltd.
Charles River Laboratories
Collaborative Drug Discovery, Inc.
Eurofins DiscoverX Products
Jubilant Biosys
Selvita
Novo Informatics Pvt. Ltd.
ChemAxon Ltd.
Albany Molecular Research Inc.
Oracle
Accenture
Agilent Technologies, Inc.
Illumina, Inc.

Some of the recent developments of key Drug Discovery Informatics providers are as follows:

In April 2022, Iktos, a provider of Artificial Intelligence for new drug design announced their collaboration with Teijin Pharma Limited to evolve Artificial Intelligence for small molecules drug discovery.
In January 2022, Shanghai Fosun Pharmaceutical collaborated with Insilico Medicine for the discovery and development of drugs utilizing AI technology.

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Segments Covered in Drug Discovery Informatics Market Analysis:

By Technique:

Discovery Informatics
- Identification, Validation, & Assay Development Informatics
- Lead Generation
- Enzymes
- Other Cleanings
Development Informatics
- Lead Optimization
- FHD Preparation
- Phase IA
- Phase IB/2

By Mode:

Outsourced
In-house

By Services:

Sequence Analysis Platforms
Molecular Modelling
Docking
Clinical Trial Data Management
Other Services

By Region:

North America
Latin America
Europe
APAC
Middle East and Africa (MEA)

About Future Market Insights (FMI)

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Nandini Singh Sawlani

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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