Market Research Blog – Page 3095 – New Product Development

Railway Control Stand Market Forecast: Anticipated Growth at a Steady 3.6% CAGR, Expected Value to Reach US$ 2189.6 Million by 2033

The overall value of the global railway control stands market has been estimated at around US$ 1537.3 Million in 2023. It is expected to grow at a reasonable rate of 3.6% over the next ten years. Based on the railway control stands market report, the net worth of the total sales of railway control stands achieved in 2033 will be approximately US$ 2189.6 Million.

The global railway control stands market is driven by increased budget allocations for railway development and a surge in demand for a safe, efficient, and secure transport network. The industry is also anticipated to develop in the upcoming years as a result of the growing use of public transportation services to ease traffic congestion.

However, high capital requirements will hinder the market’s development. The rapid improvement of railway infrastructure in developing countries is expected to provide significant growth opportunities for market participants.

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Governments all around the world are growing more and more interested in incorporating new technology into the infrastructure of the railways. To improve operational efficiency, these efforts are being undertaken. Moreover, governments are developing modern trains and train monitoring systems with the help of technology.

Market growth, however, is expected to be constrained by the installation and maintenance costs associated with railway control stands. As railway control and management solutions become more complex, adoption is expected to be slowed.

Key Takeaways from the Railway Control Stands Market Study

By 2033, the global railway control stands market is expected to reach US$ 2189.6 Mn.
During the period 2018-2022, the market experienced a CAGR of 1.9%.
As for rail type, freight wagons have the highest market share, taking 6% of the market.
According to regional forecasts, railway control stands are likely to capture 4% of the U.S. market.

Competitive Landscape for the Railway Control Stands Market

In developing nations, infrastructure improvements are occurring, and mining and industrial activities are growing, creating significant growth opportunities for emerging players in the global market. A few companies account for most of the market share such as CRCC, CRSC, and CREC. Some other prominent players are as follows

ABB, General Electric, Hitachi Ltd., Mitsubishi Electric Corporation, Alstom SA, Bombardier Inc., MEN Mikro Elektronik GmbH, Siemens AG, DEUTA-WERKE GmbH, EKE Group, Strukton Rail, Toshiba Corporation and Thales Group.

Recent Developments in the Railway Control Stands Industry

In February 2022, the CRRC developed a 3000 hp permanent magnet hybrid shunting locomotive that reached 2,000 kilometers without incident. Consumers appreciated the locomotive’s low energy consumption and environmental protection as compared to conventional shunting diesel locomotives.
With the launch of PTC (Positive Train Control), railcar telematics, and dispatching systems in May 2022, Hitachi Rail has introduced several innovations in automation and digitalization.
Siemens developed the first electrically controlled friction brake for rail vehicles in January 2022 called the air-free brake system, also known as an electronic friction brake system. There is no need for compressed air in the braking system. This redesigned brake offers many technological advantages, as well as a decrease in vehicle weight and an increase in vehicle speed.

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Railway Control Stands by Category

By Rail Type, the Railway Control Stands Market is Segmented as:

Passenger Coaches
Trams
Locomotives
Metros
Freight Wagon

By System Type, the Railway Control Stands Market is Segmented as:

Auxiliary Power
HVAC
Propulsion
On-board Vehicle Control
Train Information
Train Safety

By Region, Railway Control Stands are Segmented as:

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

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.

Explore Wide-ranging Coverage of FMI’s Automotive Landscape

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Automated Guided Vehicles (AGV) Market:

https://www.futuremarketinsights.com/reports/automated-guided-vehicles-market

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Cane Sugar Market Projected to Reach US$ 83.8 Billion by 2032: Analyzing Global Sweetener Trends

The Cane Sugar Market is experiencing substantial growth driven by increasing demand for sweeteners in various industries. Cane sugar, derived from sugarcane plants, remains a prominent choice due to its natural appeal and versatility. It finds extensive application in the food and beverage sector, as well as in the pharmaceutical and cosmetic industries. As consumer awareness about healthier alternatives rises, there is a growing preference for cane sugar over artificial sweeteners.

The global cane sugar market is set to witness growth at a CAGR of 4.6% and is anticipated to reach a valuation of around USD 83.8 Billion by 2032.

Sugar is necessary for flavorful and pleasant food. However, its consumption might lead to weight gain, obesity, diabetes, and cholesterol problems. Cane Sugar is used to combat this by lowering the sweetness of the food while also giving a distinct flavor.

Buying habits have changed dramatically during and after the outbreak. People nowadays are looking for healthier, less processed, and raw sugar kinds, such as brown and organic, to lessen the detrimental effects of sugar consumption on the body. Organic sugar is gaining popularity among customers since it is seen to be healthier and safer than regular sugar. This has changed the cane sugar market outlook.

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To keep up with consumer demand, major sugar producers are working on generating new types. Growing worries about lifestyle-related health issues including obesity, cardiovascular disease, and diabetes are projected to drive demand for healthier sugar variations even higher.

However, the development of better sugar substitutes such as coconut sugar and stevia, as well as regulations imposed by regulatory bodies and health organizations owing to its negative health effects, such as the American Heart Association’s recommendation of limiting added sugar intake to less than 6 teaspoons (24 grams) per day for women and less than 9 teaspoons (36 grams) per day for men, have shifted consumer preferences towards artificial sweeteners and is shifting consumer preferences towards artificial sweeteners. This is one of the biggest cane sugar market restraints.

To combat this, the cane sugar company executives will have to manage several priorities at the same time as they transition from reacting to the pandemic to recovering and traversing the path forward: monitoring changing consumer preferences, recognizing micro pockets of growth to prioritize in future plans, adjusting commercial strategies, and becoming more flexible to stay a step ahead.

Key Takeaways from Market Study

The cane sugar market is segmented based on product type; wherein liquid sugar is anticipated to account for around 21.7% of the market share over the forecast period.
The North American cane sugar market is expected to witness a lucrative growth rate of 5.6% during the forecast period.
East Asia is inferred to account for 25.8% of the global adoption of cane sugar through 2032.
Cane Sugar application in the bakery industry is expected to hold a market share of over 23.5% in the forecast period

“For the advancement of their businesses, key manufacturers are opting for strong tactics. They’re putting a lot of emphasis on product branding and positioning. They are exploiting consumer pleasure as a feasible approach to grow their worldwide influence. These are the factors that are driving the market for cane sugar forward.” says a Future Market Insights analyst.

Competitive Landscape

Joint ventures, mergers & acquisitions, and other strategic initiatives are continually being pursued by cane sugar market participants. Major firms in fast-growing countries like East Asia and South Asia are also attempting to diversify their product lines to get a competitive edge over their competitors.

As a result of huge, long-term behavioral upheaval across consumers, categories, and channels, the problem of anticipating customer requirements, as well as assessing and managing innovation to meet those needs, is likely to become much more difficult in the post-pandemic era in the cane sugar market.

Consumers are prioritizing needs, looking for larger amounts, shelf-stable, and easy-to-prepare products, as well as those with higher value. They’re switching to online and direct-to-consumer methods for their purchases. Consumer attitudes and disposable cash are increasingly favoring companies that represent for trust, safety, health, and value. This can be corroborated by the few recent cane market developments:

DCM Shriram Ltd announced an investment of about INR 350 crore in sugar mill capacity expansion in November 2021. The company approved three investment proposals for the sugar business, including increasing capacity for refined sugar production according to market choice and increasing feedstock flexibility for its distilleries, to capitalize on increased sugarcane availability in its catchment area.

EID-Parry (India) stated in September 2021 that at its Sankili facility in Andhra Pradesh, it would build a grain/sugar syrup/molasses-based distillery with a capacity of 120 kilo liters per day (KLPD).

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Future Market Insights, in its new report, offers an impartial analysis of the global Cane Sugar market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

The study offers compelling insights based on the cane sugar market by product type (liquid sugar, powdered sugar, granulated textured sugar, granulated flavored sugar, granulated colored sugar, pulp, others), by nature (organic and conventional), by application (dairy, bakery, confectionery, beverage, canned & frozen foods, pharmaceuticals, other food items) & Region across seven major regions of the world.

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Cane Sugar Market by Category

By Product Type, Cane Sugar Market is segmented as:

Liquid Sugar
Powdered Sugar
Granulated Textured Sugar
Granulated Flavored sugar
Granulated Colored Sugar
Pulp
Others

By Nature, Cane Sugar Market is segmented as:

Organic
Conventional

By Application, Cane Sugar Market is segmented as:

Dairy
Bakery
Confectionery
Beverage
Canned & frozen foods
Pharmaceuticals
Other food items

By Region, Cane Sugar Market is segmented as:

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

About Future Market Insights (FMI)

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

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Meat Mixers Market to Reach US$ 4.2 Billion by 2032: Analyzing Growth Trends in Food Processing Equipment

According to Future Market Insights (FMI), the meat mixers market is projected to reach US$ 4.2 Billion by the end of 2032. Sales in the meat mixers are expected to surge at 7.1% CAGR over the assessment period (2022-2032).

The extensive usage of meat mixers in restaurants and hotels to deliver a high level of service is increasing market demand. Meat mixer manufacturers are producing new items to ensure that the equipment is properly maintained and working efficiently.

Sustainability Concerns to Encourage Manufacturers into Developing Tech-Friendly Meat Mixers

Errors and delays in service management systems are frequently caused by slow, paper-based processes, limited visibility, and a lack of integration and mobility. Growing millennial awareness of sustainability is leading foodservice equipment makers to focus more on making it digitally friendly and engaging.

In industrial kitchens, online takeaway orders are growing more common. These restaurants usually employ more advanced and efficient technology than traditional restaurants. This is another critical area for equipment providers to focus on.

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Key Takeaways from the Meat Mixers Market Study:

By type, countertop meat mixers are expected to witness fastest growth over the forecast period
In terms of power type, the electric meat mixers are expected to gain traction due to their ease of use and efficiency
Sales of meat mixers in commercial sector to increase at a significant rate during the assessment period.
China is expected to dominate the East Asia meat mixers market on the back of growing demand from hotels, restaurant, and other commercial establishments.

“Consumers are becoming more selective about the products they use in terms of efficiency and energy savings. Restaurants are expected to save money by reducing their use of natural resources such as energy and water. As a result, preference for digital food equipment is increasing, boosting the meat mixers market.” -says Nandini Roy Choudhury ( client Partner for Food and Beverages at Future Market Insights, Inc.)

Who is winning?

Key players operating in the global food service equipment market are focusing on reaching a large consumer base by implementing various strategies such as product innovations, marketing & promotional activity, strengthening distribution channels, and adopting sustainable production.

Some of the leading companies offering meat mixers are Metos, ABM company, Industries Castellvall, Groupe PSV, Industrial Fuerpla, OMET FOODTECH SRL, Storm Engineering, Schroder Maschinenbau GmbH, MAINCA – Equipamientos Carnicos, Swedlinghaus, Cato, Lakidis, METALBUD NOWICKI, VMI, MINERVA OMEGA GROUP, ASGO, Fatosa, VVS Sausage Machines Factory, Unity Engineering, Dadaux SAS, Ari Makina, LEM Products, and others.

Key Companies Profiled

Metos
ABM company
Industries Castellvall
Groupe PSV
Industrial Fuerpla
OMET FOODTECH SRL
Storm Engineering
Schroder Maschinenbau GmbH
MAINCA – Equipamientos Carnicos
Swedlinghaus
Cato
Lakidis
METALBUD NOWICKI
VMI
MINERVA OMEGA GROUP
ASGO
Fatosa
VVS Sausage Machines Factory
Unity Engineering
Dadaux SAS
Ari Makina

Meat Mixers Market By Category

By Type:

Countertop Meat Mixer
Floor Meat Mixer

By Usage:

Heavy Duty
Standard Duty

By Style:

Stationery
Tilting

By Capacity:

20-66 lb
105-140 lb
150-200 lb
above 200 lb

By Power Type:

Electric
Manual

By End Use:

Household
Commercial

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

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About Future Market Insights (FMI)

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

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Nandini Singh Sawlani

Railway Emergency Valves Market Set to Reach US$ 3,312.77 Million by 2033, Driven by a 3.8% CAGR

According to Future Market Insights’ most recent market estimate, the railway emergency valves market is worth US$ 1,957.87 Million in 2023 and expected to reach US$ 3,312.77 Million by 2033, registering at a CAGR of 5.4% during the forecast period.

The market share is projected to increase quickly as a result of the emphasis on safety standards, rising demand for rail infrastructure, and increased attention to safety regulations. Railway emergency valves are more popular in the railway sector, as they can guarantee safe braking and emergency response in the event of any disruption or system malfunction.

The growing investment in the railroad industry has propelled the market share for railway emergency valves. Modern rail infrastructure and equipment have been built as a result of the increasing investment to meet the growing demand for efficient train services.

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The global market share is being impacted by the increased demand for railway emergency valves from the defense industry. The military industry’s reliance on rail travel has increased the need for efficient transportation networks over time.

It is also anticipated that the development of cutting-edge technologies, such as automated valves and sensors, have an effect on the market expansion for railway emergency valves.

In order to conduct business freely across many industries, manufacturers must obtain a single certification and set of regulations for each application. It encourages new businesses to expand, which raises overall profit production across all industries.

Key Takeaways

The railway emergency valves market is likely to register at a CAGR of 5.4% during the forecast period.
Historically, the railway emergency valves market had a CAGR of 3.8% between 2018 and 2022.
The value of the railway emergency valves market is expected to be US$ 3,312.77 Mn by 2033.
Based on type, freight wagons hold a 69.4% share of the railway emergency valves market by 2033.
Based on shutdown valves, the automatic shutdown valve is anticipated to experience the highest CAGR of 9.2% over the projection period.
With a share of 19.4% throughout the forecast period, the US market participants are significantly boosting the demand for railway emergency valves.
From 2023 to 2033, the railway emergency valves market in China is anticipated to expand at a CAGR of 6.4%.
During the predicted period, the UK is forecast to expand at a CAGR of 4.4% in the railway emergency valves market.

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Competitive Landscape

To increase their market share and position in the railway emergency valves market, manufacturers are using strategies such as product innovation, mergers and acquisitions, partnerships, and collaborations.

Key players

Cameron
Emerson
Flowserve
Schneider Electric
Johnson Control
IMI
Parker Hannifin
General Electric
Metso
J Flow Controls
Rico
Winn-Marion
Pekos Valves
MIR VALVE
PFF
Accord
DERVOS VALVES
AMOT
MOGAS

Recent Developments:

In September 2019, Emerson acquired the Spence and Nicholson product lines from CIRCOR International. One of the top manufacturers of flow and motion control systems for the most demanding mission- and service-critical applications is CIRCOR International.
- The acquisition expanded Emerson’s wide range of steam system solutions for commercial buildings and industrial processes.
- Additionally, in April 2020, Emerson unveiled its new Remote Assistance service capabilities. This solution makes use of augmented reality (AR) technology to assist plant operators in promptly addressing issues with industrial valves.
- The AR technology uses a dependable, secure channel that complies with ISO 27001 standards.
In order to enhance and grow its valve business, Ross Controls Company, a multinational corporation with operations in India, stated in August 2019 that it has acquired Pneumatrol Ltd.

Key segments

By Type:

Passenger Train
Freight Wagon

By Product:

Pneumatic
Hydraulic

By Shutdown Valve:

Manual Shutdown Valve
Automatic Shutdown Valve

By Region:

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

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Author

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

About Future Market Insights (FMI)

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Seafood Market Surges to US$157.04 Billion by 2033: Exploring Growth Opportunities in the Global Seafood Industry

By 2022, the seafood market will be valued at US$ 110,2 billion, growing at a CAGR of 3.6% between 2022 and 2032. Sales of seafood increased at a CAGR of 3.3% from 2017 to 2022 and will increase at a CAGR of 3.6% from 2022 to 2032. According to FMI, the U.S. seafood market will be worth USD 28.5 billion in 2022, or roughly 25.9% of the global seafood market.

When COVID-19 upended the import/export market, digital technology provided new channels for many fishermen and aquaculture providers. Those who converted their goods to a digital marketplace quickly enough might sell and deliver directly to customers.

Fish Tiangge, a USAID Fish Right initiative in the Philippines, launched an online platform using Facebook in May 2020 to connect fishermen with local consumers. This single programme linked 6,000 fishermen with almost 300,000 households, boosting local food security and maintaining the livelihoods of thousands of fishermen.

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Digital technology is also assisting in the modernization of fishing and aquaculture operations, as well as increasing earnings and raising awareness of sustainable seafood best practises. For example, in India, we’re cooperating with AquaConnect to deliver digital solutions that assist shrimp farmers in identifying quality items and making farm-input purchases. Farmers also receive announcements and documents about growth and disease advisories, as well as advice and information on inexpensive financing and resources to connect to other Indian markets.

In the coming years, digital technology will continue to be a major source of industry evolution and innovation, particularly when it comes to sustainable seafood trends.

“While COVID-19 presented challenges to many small-scale fisherfolk and aquaculture providers, it also revealed areas where the seafood industry may improve its supply chains to become more robust and sustainable.” said a lead analyst at FMI.

Who is winning?

Some of the leading companies offering Seafood are Amalgam Frozen Foods Pvt. Ltd. (AFFL), American Seafoods Company, Austevoll Seafood ASA, Cooke, Inc., Dongwon F&B, Faroe Seafood, Handy Seafood, Inc., Hansung Enterprise Co. Ltd, High Liner Foods Incorporated, Kangamiut Seafood A/S, Lee Fishing Company, Leroy Seafood Group, Lyons Seafoods Limited, Mowi ASA, Pacific Seafood, Phillips Foods, Inc., Princes, Ltd., Sajo Group, Shanghai Fisheries Group Co., Ltd., Stolt Sea Farm, Surapon Foods Public Company Limited, Tassal Group Limited, Thai Union Group PCL, Tri Marine International, Inc., Trident Seafoods Corporation, Young`s Seafood Limited, Zhanjiang Guolian Aquatic Products Co., Ltd., and Others.

Get Valuable Insights into Seafood market

Future Market Insights, in its new offering, provides an unbiased analysis of the Seafood market presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031.

Seafood Market By Category

By Nature, Seafood Market is Segmented as:

Organic
Conventional

By Source, Seafood Market is Segmented as:

Farm Raised
Wild Caught

By Product Type, Seafood Market is Segmented as:

Ground Fish
Pelagics
Tuna
Salmonids
Molluscs
Crustaceans
Lobsters
Crabs
Shrimp
Other Product Types (Prawns, Trouts, etc)

By Form, Seafood Market is Segmented as:

Fresh
Chilled
Frozen
Ambient

By End Use, Seafood Market is Segmented as:

Food
Pharmaceutical
Cosmetics
Industrial
Biotechnology
Household Retail

By Sales Channel, Seafood Market is Segmented as:

Direct
Indirect
- Modern Trade
- Convenience Stores
- Specialty Food Stores
- Wholesale Stores
- Discount Stores
- Online Retail
- Other Retail Formats

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Frequently Asked Questions

How Big is the Seafood Market?
What is the North America Seafood Market Outlook?
At What Rate will Seafood Demand Grow in Europe?
At What Rate Will Seafood Demand Grow in Japan?

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:

Nandini Singh Sawlani

Global Railway After-Cooler Market: Projected 5.4% CAGR and US$ 1,746.5 Million Valuation by 2033

The global railway after-cooler market demand is projected to have a high-paced CAGR of 5.4% during the forecast period. The current valuation of the railway after-cooler market is US$ 1,032.2 Million in 2023. The value of the railway after-cooler market is anticipated to reach a high of US$ 1,746.5 Million by the year 2033.

The locomotive industry is experiencing the most potentially disruptive decade, and strict government regulations covering carbon emission reductions and advances in fuel efficiency are putting enormous pressure on manufacturers. This is the main factor driving the sales of railway after-coolers, which is likely to increase. Locomotive production in developing nations is predicted to be greater than in industrialized economies. This is mostly due to rising urbanization and stable economic circumstances in these areas.

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During the projection period, the fleet on the railroads is also predicted to increase at a moderate rate, creating significant prospects for development in the railway after-cooler aftermarket. The trend of urbanization is increasing at an exponential rate, resulting in an increase in the average income of the urban population and the ability to improve their lifestyles.

Furthermore, increased demand for modern locomotives is forcing manufacturers to boost the production of commercial trains, creating considerable potential for the global railway after-cooler market size. Engine downsizing is a developing trend in the railway industry as manufacturers strive to reduce fuel consumption and increase vehicle economy. A railway aftercooler’s principal purpose is to increase engine combustion efficiency. This, in turn, makes it a marketable product. Clients are increasingly adopting public transportation, such as high-speed trains and metros, to commute and avoid traffic congestion.

Furthermore, the rolling stock industry’s need for dynamic and rapid transit systems is driving the market. For remote diagnostics, asset planning, and long-distance tracking, developing countries rely largely on effective asset and fleet management systems. Furthermore, automation and internet of things (IoT) technology are being used in railway systems is favorably influencing the railway after-cooler market growth.

However, consumers in wealthy nations across Europe and North America are opting for electric trains due to increased environmental consciousness and volatility in fuel prices. Because a railway after-cooler is not employed in electric trains, the global railway after-cooler market growth is hampered.

Key Takeaways:

During the forecast period, Asia Pacific is expected to account for the largest share of the global railway after-cooler market. The market in this region is expected to rise, which is attributable to the improving living standards of the major population as a result of Asia Pacific’s fast-developing industrial sector and increasing urbanization are important contributors to the region’s rising railway output.
The railway after-cooler market in North America is predicted to develop rapidly, particularly in the U.S., which has generated a CAGR of 19% during the projected period. This is owing to engine development which has emerged from the ongoing drive to reduce fuel consumption and exhaust emissions.
Owing to the simplicity of design, cheap cost, lightweight, ease of usage, and enhanced reliability, the “air-cooled charge air cooler” product type is expected to hold the greatest revenue through the forecast period.
Increased demand for automotive charge air coolers in mid-priced vehicles, as well as the ease with which air cooler systems may be deployed, makes the “OEM” sales channel type likely to account for a significant share and is the most preferred sales channel type.

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Competitive Landscape:

Owing to the existence of both international and local players, the global railway after-cooler market is fragmented. A vast number of manufacturers have a significant market share in their respective regions. Organic developments, such as product releases and approvals, are often highly adopted by key companies. For instance, in May 2017, Dana developed a technically superior heat exchanger for inductive air systems for FCA’s 2018 Dodge Challenger SRT Demon. These factors are estimated to expand the global railway after-cooler market size. The following companies are key leaders in the global market for railway after-cooler:

Dana Limited
Delphi Auto Parts
Denso Corporation
DuPont
MAHLE Inc.
Banco Products Ltd.
Calsonic Kansei Corporation
Modine Manufacturing Company
Valeo SA
Vestas Aircoil

Key Segments Profiled in the Railway After-cooler Market Survey

By Product Type:

Air-cooled Charge Air Cooler
Liquid-cooled Charge Air Cooler

By Position:

Stand-alone
Integrated

By Fuel Type:

Gasoline
Diesel

By Material:

Aluminum
Stainless Steel
Copper
Others

By Sales Channel:

OEM
After-market

By Region:

North America
Latin America
Asia Pacific

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Automotive Airbag Market:

https://www.futuremarketinsights.com/reports/automotive-airbag-market

Magazine, and EE Times.

Author

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

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Canned Salmon Market Set to Reach US$ 9.2 Billion by 2032 with a Strong CAGR of 6.8%

The canned salmon market is expected to witness growth at a CAGR of 6.8%, reaching a valuation of US$ 9.2 Billion by 2032.

Salmon byproducts are used in a wide range of goods, including pet food, animal feed, and fat absorbers in the meat and confectionery industries. These applications help manufacturers reduce waste and make better use of resources.

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The manufacturers therefore improve the company’s revenue by selling such items that use the available resources created by the production of the company’s core product. Thai Union Group, Pataya Food Industries, Alaska Seafood Company, and other large seafood companies are also involved in the production of pet food.

The canned salmon market is predicted to expand considerably as more players are investing in online retail format to reach out to more customers in accordance with the growing trend of online shopping. The online retail model is handy for consumers, and growing digitalization across emerging economies will augment the growth in the market.

East Asia is expected to witness surge in demand for canned salmons due to less stringent policies in addition to rising population and changes in consumer spending patterns. Owing to these factors, demand for canned salmons is expected to rise in the near future.

“Manufacturers are offering a wide range of flavors and forms of canned salmon, which in turn will augment the growth in the market. In addition to this, rising adoption of sustainable practices for aquaculture will drive sales in the forthcoming years,” says an FMI analyst.

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Key Takeaways:

Based on source, sales in the farmed fish segment will increase at a 5.6% CAGR over the forecast period.
In terms of species, demand for pacific species will grow at a 6.9% CAGR through 2032.
By sales channel, the indirect segment is projected to expand at a 7% CAGR over the forecast period.
Total sales of canned salmon in the U.S. market will reach a valuation of US$ 775.8 Mn in 2022.
Thailand will emerge as a lucrative pocket, accounting for 30% of the South Asia canned salmon market share in 2022.

Competitive Landscape

Key canned salmon producers are working on research and development in order to offer a variety of goods that do not include any chemical additives. To enter untapped market, leading players are partnering and developing new product lines. For instance:

Thai Union Group plans to launch Plant based products comprising both seafood and non-seafood in Asia Pacific region in 2021.
Subsidiary of Thai Union Group, John West Foods Ltd. has unveiled a Salmon Fridge Pot in 2021 in a bid to attract younger consumers and make the tinned salmon category more relevant to consumers.

Canned Salmon Market By Category

By Source:

Wild
Farmed

By Species:

Atlantic
Pacific
- Pink
- Sockeye
- Coho
- Chum
- Chinook

By Form:

Skinless Boneless
Chunks
Fillets

By Category:

Smoked Fish- In Oil/ Deep Fried
Smoked Fish- Steamed
Conventional/ Traditional

By Sales Channel:

Direct Sales
Indirect Sales
- Modern Trade
- Convenience Stores
- Specialty Food Stores
- Wholesale Stores
- Discount Stores
- Online Retail
- Other Retail Formats

Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global canned seafood market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

The study offers compelling insights based on Source (Wild and Farmed), By Form (Skinless/ Boneless, Chunks, and Fillets), Category (Smoked Fish- In Oil/ Deep Fried, Smoked Fish- Steamed, and Conventional/ Traditional), Species (Atlantic and Pacific), Sales Channel (Direct Sales and Indirect Sales), & Region (North America, Latin America, Europe, East Asia, South Asia, Oceania, MEA).

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

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Nandini Singh Sawlani

Lactose-Free Butter Market Projected to Reach US$ 603 Million by 2033: Catering to Growing Dairy-Free Preferences

The global lactose-free butter market is estimated to reach US$ 311 million in 2023 and is projected to reach US$ 603 million by 2033. According to Future Market Insights (FMI), the lactose-free butter market is poised to expand at 7% CAGR, over the forecast period.

Growth is related to rising global difficulties such as allergies and lactose intolerances. Health-conscious consumers are adjusting their tastes to consume more lactose-free products as an alternative to dairy foods.

Consuming lactose-free butter helps to maintain lactase enzyme levels in the body. Lactose intolerance refers to the human body’s inability to digest lactose.

Gas, bloating, and abdominal pain are few of its common symptoms when it is consumed in any form. In this case, consumers switch to lactose free butter and other products that aids in eradicating unpleasant and painful symptoms of lactose intolerance.

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Besides this, rising number of diseases such as obesity, diabetes, and other health issues coupled with surging demand for sugar free, lactose free, and gluten-free products are few of the drivers predicted to boost the market in the coming years. Backed by these aforementioned factors, the demand for lactose free butter is expected to rise at an impressive rise over the forthcoming decade.

Key Takeaways from Market Study

Europe is expected to dominate the global lactose free butter market, accounting about 32% by 2022
Germany is expected to account for the maximum market share of nearly 25% in Europe lactose free butter market
By product type, spreadable lactose free butter is expected to account for lion’s share of the global market by the end of 2032
By nature, organic lactose free butter is expected to dominate the global lactose free butter market over the assessment period

Online channel is expected to show an impressive growth in terms of distribution channels over the assessment period (2022-2032)

“Demand for lactose-free butter is increasing globally amid growing consumption of lactose free products across the globe. Also, the growing trend of veganism across the globe is another factor driving the growth in the market”, says a Future Market Insights analyst.

Competitive Landscape

Various market players are adopting different marketing and promotional strategies such as partnerships, collaboration, merger and acquisitions, new product launches and geographical expansion.

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Future Market Insights, in its new report, offers an impartial analysis of the global lactose free butter market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

Global Lactose-Free Butter Market By Category

By Product Type:

Spreadable
Non-Spreadable

By Nature:

Organic
Conventional

By Source:

Cream
Milk
Skimmed
Whole

By End Use:

HoReCa/Foodservice
Household/Retail
Food Industry
Bakery and Confectionery
Meat products
Infant Formula
Desserts

By Distribution Channel:

Direct
Indirect
- Hypermarkets/Supermarkets
- Convenience Stores
- Specialty Stores
- Independent Retailers
- Online Retailers

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The report covers an exhaustive analysis on:

At what value is the lactose free butter market expected to reach?
How much is the global lactose free butter market expected to grow?
What strategies are adopted by the market players in the lactose free butter market?
What percent of share does the top 10 companies in the lactose free butter hold?
Which are the major countries driving demand for lactose free butter?

About Future Market Insights (FMI)

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

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Nandini Singh Sawlani

Almond Butter Market Forecasted to Reach US$1.245 Billion by 2033, Driven by 6.0% CAGR

The market for almond butter is anticipated to achieve a valuation of US$ 669.0 million by the end of 2023. Expanding at a CAGR of 6.0% from 2023 to 2033, the market is estimated to reach a valuation of US$ 1,245 million by 2033.

Because of the growing worldwide population and the resulting desire for clean-label and plant-based products, almond butter is becoming increasingly popular as a spread, snack, and sauce thickener. As a result, the sector is expanding as more individuals throughout the world choose healthier lifestyles.

Innovation in the food and beverage industry, particularly in the plant-based food sector, has greatly benefited the almond butter company. These modifications in the product’s appearance, nutritional value, and shelf life created a number of business opportunities.

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The two primary reasons that are expected to obstruct the growth of the worldwide almond butter market are the high cost of almonds and the availability of high-fat alternatives.

The market size is also probably going to be hampered by the global price fluctuations of almonds. The growing sensitivity or allergy of consumers to almonds is another problem facing the worldwide market that will require future solutions.

The introduction of new goods is a constant priority for companies that make almond butter. Companies are currently introducing these items to the market in addition to raw, roasted, flavored (such almond butter with chia seeds and strawberry), flavored almond butter, and organic almond butter.

This trend of innovation is anticipated to open up a wide array of market opportunities, in turn fostering overall market growth.

Key Takeaways:

The United Kingdom almond butter market is projected to move forward with a CAGR of 5.8% from 2023 to 2033.
The almond butter industry in India is likely to advance at a rate of 9.7% during the forecast period.
The United States of America almond butter industry recorded a value share of 20% in 2022 on a global level.
During the projected period, China’s almond butter industry is anticipated to expand at a rate of 8%.
By nature, organic almond butter was predicted to dominate the market, holding a 19.6% value share in 2022.
Spreads segment, by form held sway over the market for almond butter holding 32.8% in 2022.

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What is the Competition Landscape in the Almond Butter Market?

The leading players in the global almond butter market concentrate on effective methods to beat the competition and keep or increase their market share globally. The market for almond butter is highly competitive since it has a wide range of international, regional, and local companies.

Almond butter production has spiked as a result of a market trend toward plant-based substitutes brought on by rising consumer awareness, providing a legion of opportunities to the manufacturers.

Established food manufacturers, as well as small and medium-sized specialty brands, compete for market share by offering a wide range of almond butter products. They differentiate themselves through various factors such as taste, texture, ingredient quality, organic certifications, and innovative flavor combinations.

Packaging and marketing strategies play a crucial role in capturing consumer attention and loyalty. To gain a competitive edge, companies are investing in research and development to create unique formulations, including flavored almond butter, crunchy variants, and blends with other nuts or super-food ingredients.

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Almond Butter Market by Category

By Nature:

Organic
Conventional

By Form:

Spreads
Liquid
Blocks

By End Use:

Food and Beverage Industry
HoReCa
Household Retail

By Sales Channel:

B2B
B2C
- Modern Trade
- Convenience Stores
- Traditional Grocery Stores
- Specialty Stores
- Online Retail
- Other Retail Formats

By Region:

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

About Future Market Insights (FMI)

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

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Synchronous Condenser Market: Investment Opportunities with CAGR of 8.4 % and US$ US$ 2,381.08 Million Projected by 2033

The global synchronous condenser market is predicted to register a valuation of US$ 1,102.90 million in 2023 and reach up to US$ 2,381.08 million by 2033. The global market is estimated to progress at a CAGR of 8.4% during the forecast period.

Opportunities in the Synchronous Condenser Market

Advanced Control Systems: Manufacturers are developing advanced control systems integrated with the Internet of Things to improve the capabilities and performance of synchronous condensers, attracting end users’ needs. These condensers are maintaining costs, monitoring real-time data, and operating remotely, bringing lucrative opportunities to the market.

Energy Storage: The increasing adoption of energy storage technologies with synchronous condensers is driving market opportunities. These combinations enhance voltage support, frequency regulation, and grid resilience.

Customized Solutions: Manufacturers offer diverse synchronous condenser designs to satisfy end users’ requirements. They are developing unique and customized grid stability for effective solutions and are advancing the market opportunities.

Hybrid Power Plants: The rising hybrid power plants are increasing the demand for synchronous condensers with renewable energy sources for a stable power supply. These power plants offer sustainable energy to support grid stability and are capturing end users’ attention.

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Global Expansion: Manufacturers are growing renewable energy industries in the international market by offering clean energy sources and advanced grid solutions. They are expanding their reach with high-quality power supply solutions.

Research and Development: Key players are investing huge amounts of money in research and development activities to offer compact and efficient synchronous condensers. They are adopting advanced and eco-friendly materials to design these condensers to reduce environmental impact.

Cybersecurity Solutions: Rising digitalization is advancing the energy sector by offering cybersecurity solutions to reduce errors and hacks and protect data.

Educational Programs: The establishment of training and educational programs to understand grid operation and maintenance is increasing the demand for synchronous condensers.

These are some of the opportunities that manufacturers are bringing to shine in the global market.

“Rising demand for electricity around the globe is significantly increasing the adoption of highly efficient and advanced synchronous condensers. The manufacturers are focusing on developing sustainable power supply solutions to expand their market reach and increase their profits,” says an analyst at FMI.

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Key Takeaways:

The synchronous condenser marketis expected to grow at a CAGR of 8.4% from 2023 to 2033.
The United States is expected to register a CAGR of 7.2% through 2033.
Canada is anticipated to capture a CAGR of 7.7% through 2033.
India is anticipated to register a CAGR of 9.3% over the forecast period.
China significantly drives the global market with a CAGR of 9.2% through 2033.
With a CAGR of 7.7% from 2023 to 2033, the United Kingdom is rapidly advancing in the global market.
The hydrogen cooled is estimated to lead the global market during the forecast period.

Key Players Uplift the Synchronous Condenser Market

Key players are playing a vital role in the global market by innovating cost-effective, high-quality, and improved products for their customers. They are heavily invested in research and development activities to fulfill consumers’ demands.

These players are adopting various marketing strategies to capture high revenue in the global market, including mergers, acquisitions, product launches, collaborations, and partnerships. These players are focusing on capturing consumers by launching affordable products to attract them.

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Key Segments in the Global Synchronous Condenser Market

By Product:

New synchronous condenser
Refurbished synchronous condenser

By Cooling Type:

Air cooled
Hydrogen cooled
Water cooled

By Power Rating:

Less than 50 MVAR
50 to 80 MVAR
80 to 100 MVAR
100 to 150 MVAR
150 to 200 MVAR
Above 200 MVAR

By Starting Method:

Static frequency converter
Pony motors
Others

By End Use:

Electrical power utilities
- Electric grids
- Solar farms
Mining
Commercial
Others

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 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