Global Home Brewing Systems Market Set to Exceed US$ 1,412.5 Million Revenue by 2033, Driven by a Steady CAGR of 3.7%

The global home brewing systems market is poised for advancement with a projected Compound Annual Growth Rate (CAGR) of 3.7% from 2023 to 2033. According to an in-depth report by FMI, the market aims to elevate its value from an estimated US$ 982.2 million in 2023 to an anticipated worth of US$ 1,412.5 million by the conclusion of 2033.

The driving force behind this growth is the global surge in home brewing practices. As interest in crafting one’s own libations continues to escalate worldwide, the market experiences a simultaneous rise in the availability of advanced home brewing systems. Enthusiasts are no longer confined by traditional methods; instead, they now have access to sophisticated systems that not only streamline but also enhance the entire brewing process, marking a significant evolution in the home brewing landscape.

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The market’s impetus stems from the escalating global traction of home brewing, coupled with the widespread accessibility of advanced home brewing systems. Home brewing encompasses the fermentation-based production of alcoholic beverages like beer, wine, cider, and mead. This involves the processes of extract brewing and all-grain brewing. These home brewing systems streamline and enhance the brewing process, offering heightened efficiency compared to traditional methods.

The ready availability of top-notch ingredients and user-friendly equipment is poised to steer consumers towards embracing home brewing. Moreover, the market is further energized by the surge in disposable income and evolving consumer lifestyles. These factors converge to foster growth and innovation within the sector.

Key Findings:

  • From 2018 to 2022, the global home brewing systems market experienced a steady Compound Annual Growth Rate (CAGR) of 4.7%.
  • Looking ahead, the home brewing systems market in North America is anticipated to exhibit significant growth with a projected CAGR of 38% from 2023 to 2033.
  • In China, there is a forecasted demand surge for home brewing systems, with an expected CAGR of 5.9% over the assessment period.
  • India is also poised for growth in the home brewing systems sector, with a projected CAGR of 5.7% throughout the forecast period.
  • Japan is expected to see a CAGR of 5.5% in home brewing system sales for the year 2023.

“The shift towards favoring local beer consumption is driving an increase in breweries, many of which are now offering their own home brewing kits. Additionally, a strong demand for certified coffee products and the adoption of single-serve coffee home brewing systems will play a pivotal role in propelling the growth of the home brewing systems market,” explains a lead analyst at Future Market Insights.

Market Competition: Home Brewing Systems

Several prominent companies operate within the global home brewing systems market, including Pico Brew, Zeimann, GEA Group, Brewie, Meura, XIMO, Krones, Lehui, Della Taffola, and AlBrew.

Presently, North America commands the largest market share, a trend projected to continue over the forecast period. This dominance is attributed to the region’s expanding population and rising disposable incomes. Moreover, the North American home brewing systems market is poised for rapid expansion in the coming decade due to its favorable legal and regulatory landscape.

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Key Segments Covered:

By Product:

  • Mini Brewer
  • Full Brewer

By Distribution Channel:

  • Online
  • Offline

By Mode of Operation:

  • Automatic
  • Manual

By Region:

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

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Author:

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

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

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

About Future Market Insights (FMI)

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

Contact Us:        

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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Global Pallet Truck Market Share Forecasted to Surpass US$ 79,833.7 Million Valuation by 2033, Growing with an Impressive 7.5% CAGR

The global pallet truck market is poised for remarkable growth, with a projected valuation of US$ 41,115.3 million by 2023. Fueled by an impressive Compound Annual Growth Rate (CAGR) of 7.5%, this upward trajectory is expected to persist until 2033, driving the market towards an extraordinary valuation of US$ 79,833.7 million.

End-users are increasingly recognizing the benefits of pallet truck rentals, strategically allocating resources towards core business operations and daily supply chain activities. Central to this growth are pallet truck companies, which play a pivotal role in ensuring the seamless availability of pallets within operational areas. This contribution is instrumental in realizing a streamlined and efficient supply chain, underscoring the industry’s steadfast commitment to excellence.

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According to the historical estimations from 2017 to 2021, the demand for pallet trucks surged at a stable 3.3% CAGR and is expected to surge by 3.9% in 2022. Due to the growing production capacities and increasing demand in various end-use industries such as food & beverages, retail stores, wholesale distributions, and manufacturing, a reasonable increase in Year-on-Year basis growth was witnessed in 2022.

Future Market Insights predicts a comparison and review analysis of the dynamics of the pallet truck market. Due to the ever-changing dynamics of warehousing and material handling, the emergence of the internet, e-commerce, and freight & logistics have revolutionized the retail sector and driven up demand for the pallet truck market.

Key Takeaways from Report:

  • Expansion of the e-commerce and freight & logistics sectors is expected to rise sales in the retail industry which is resulting in changing dynamics of warehousing and material handling, resulting in increased demand for pallet trucks.
  • The adoption of electric vehicle technology in the material handling sector is anticipated to create positive prospects for the adoption of pallet trucks. As per the FMI analysis, the global pallet trucks market accounts for about 22% of its parent market known as the global material handling equipment market.
  • With the expansion of warehouses, logistic activities, and industrial transportation, the popularity of pallet trucks is also increasing. As per the FMI estimations, the adoption of electric vehicle technology in the material handling industry will spread the latent development opportunities for the global pallet truck market.
  • Large public industrial programs are expected to appear in the building sector in countries like the United States, China, Europe, and India. It will help in expanding the potential for public-private partnerships to finance new projects.
  • The developing nations ought to concentrate on fostering intra-regional trade. This is expected to strengthen the local construction sector and broaden opportunities for the pallet truck market to excel.
  • Owing to the surging emphasis on lean supply chain management, end users are able to focus their energies, resources, and attention on their core business and day-to-day supply chain activities by renting pallet trucks. Moreover, the pallet truck companies also make sure that pallets are available in all the prime operational areas, resulting in a lean supply chain.

Competitive Landscape:

The dominant pallet truck manufacturers in the market are heavily investing in a wide array of technologies such as vision guidance systems, IoT, automation, GPS, and lasers. Several key players are also incorporating autonomous trucks and automated guided vehicle systems (AGVs) into end-to-end solutions for warehouses. The global market players are concentrating on long-term pricing contracts with raw material suppliers in order to avoid volatile price fluctuations in raw materials.

Key Players:

  • Kion group
  • Toyota Industries Corporation
  • Mitsubishi Logisnext
  • Jungheinrich AG
  • Crown Equipment Corporation
  • Hyster Company
  • Goscor Lifts Truck
  • Hyundai Heavy Industries
  • Godrej & Boyce
  • Nilkamal Limited

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Key Segments Covered In Pallet Trucks Industry Analysis:

Control:

  • Manual
  • Semi-Electric
  • Electric
  • Diesel
  • Compressed Natural Gas (CNG)
  • Others

Product Type:

  • Standard
  • Quarter
  • Silent
  • Weighing
  • Scissor

Load Capacity:

  • Below 2000 Kg
  • 2000 – 4000 Kg
  • 4000 – 6000 Kg
  • Above 6000 Kg

End-Use Industry:

  • Food & Beverages
  • Retail stores
  • Wholesale Distributions
  • Freight and Logistics
  • Manufacturing
  • Others

Region:

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

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Author:

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

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

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

About Future Market Insights (FMI)

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

Contact Us:        

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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FMI Projection Reveals Global Pallet Pooling Market Expected to Exceed US$ 14.49 Billion Valuation by 2034, Driven by an Average 6.1% CAGR

The global pallet pooling market is poised for significant growth, with a projected valuation exceeding US$ 8.01 billion by 2024. This initial phase marks the commencement of a robust upward trajectory, with sales expected to sustain a compelling Compound Annual Growth Rate (CAGR) of 6.1%. By 2034, the market is anticipated to achieve a remarkable valuation of US$ 14.49 billion.

Pallet pooling, increasingly embraced by warehouse operators, is gaining substantial momentum due to several compelling reasons. One of its key advantages lies in the significant time and resource savings it offers. By adopting pooled pallets, operators can efficiently bypass labor-intensive tasks associated with repairing, maintaining, and sorting individual pallets. This enhanced efficiency not only optimizes operations but also translates into substantial cost savings.

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Interestingly, the pallet-pooling market currently accounts for roughly 4% of the global material-handling equipment market. This relatively small segment, however, is poised for significant expansion. According to Future Market Insights (FMI), North America is set to take the lead, commanding a substantial 35% of the total market share over the forecast period. This indicates the region’s strong affinity for efficient logistics and its eagerness to embrace innovative solutions like pallet pooling.

Sales in the pallet pooling market are predicted to increase development on the back of rising demand for reducing logistic costs. Pavement management solutions carry backlinks to gather these pallets for repurposing by other manufacturers across the supply chain. The pallet interface eliminates the need for managing pallet distribution, reducing the complexity of pallet purchase, management, and retrieval.

Technological advancements are projected to create growth prospects for the pallet pooling market players. Various pallet pooling companies are focusing on introducing sophisticated pallets. For instance, they are launching pallets covered in radio frequency identification (RFID) tags. Due to numerous advantages, such as effective supply chain monitoring, this concept is rapidly gaining traction.

In the fast-moving consumer goods, food & beverage, and pharmaceutical industries, pallet pooling is very popular. Pooling pallet manufacturers continue to use wood and plastic as their principal materials. Demand for wood pallets is expected to remain high in comparison with other materials such as steel and composites.

Key Takeaways:

  • By structural design, sales in the block pallet pooling segment are slated to increase at a 6.7% CAGR over the forecast period.
  • Based on material, the wooden pallets segment will account for 57% of the total market share over the assessment period.
  • In terms of end-use industry, sales in the FMCG segment will command more than 33% of the total market share in 2022.
  • The U.S. pallet pooling market will offer an incremental opportunity of US$ 1.3 Bn over the forecast period.
  • Total sales of pallet pooling services in China will reach a valuation of US$ 214.6 Bn by 2032.
  • Demand for pallet pooling services in Germany is poised to grow at a 3.6% CAGR over the forecast period.

Competition Landscape:

Pallet pooling service providers are focusing on business expansion by opening new distribution centers and sales offices. Many manufacturers are creating strong networks with dealers and distributors to expand their businesses across multiple regions.

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Key Players Covered in Pallet Pooling Market:

  • Brambles
  • LOSCAM
  • Euro Pool Group
  • Faber Halbertsma Group
  • LPR
  • Schoeller Arca Time Materials Handling Solutions Limited
  • Contraload NV
  • Zentek Pool System GmbH
  • PPS Midlands Limited
  • Demes Logistics GmbH & Co. KG

Key Segments Covered in Report:

Structural Design:

  • Block
  • Stringer
  • Customized

Materials:

  • Wood
  • Composite
  • Plastic
  • Steel
  • Other Metals

End-Use Industry:

  • FMCG Industry
  • Food & Beverages
  • Pharmaceuticals
  • Electronics
  • Chemicals
  • Others

Region:

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

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Author:

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

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

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

About Future Market Insights (FMI)

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

Contact Us:        

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
LinkedIn| Twitter| Blogs | YouTube

FMI Predicts Global Turbidimeter Market Projected to Surge Past US$ 952.1 Million Milestone by 2029, Driven by a Consistent 4.0% CAGR

The global turbidimeter market is poised for substantial growth, projected to surpass a valuation of US$ 952.1 million by 2029. With an initial year-end valuation of approximately US$ 641.8 million in 2022, reflecting a robust growth rate of 5.6%, this marks the onset of a progressive trajectory.

Future Market Insights (FMI) forecasts a steady Compound Annual Growth Rate (CAGR) of 4.0% over the seven-year period from 2022 to 2029, signaling sustained expansion. Industries emphasizing precision, texture, and adherence to stringent cleanliness standards, notably in sectors such as food, beverage, and chemicals, underscore the critical importance of product quality. Moreover, as regulatory standards for water quality become increasingly stringent, there is a rapid uptick in demand for various types of turbidimeters to ensure compliance.

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FMI’s insights also shed light on the geographic distribution of this market. North America is expected to take the lead, driven by a higher concentration of water treatment plants in the region. Meanwhile, Europe boasts a substantial share as well, surpassing North America in the Global Turbidimeter market. Together, these two regions are projected to collectively hold a revenue share of 41% in the global market by the conclusion of 2029.

This data underscores the critical role that turbidimeters play in a world where the purity and quality of water are paramount. As industries continue to prioritize adherence to rigorous quality standards, the turbidimeter market is set to play an increasingly vital role in ensuring that products and processes meet the highest standards of cleanliness and purity, safeguarding both consumers and the environment.

Quality maintenance is becoming a priority for various sectors that use analytical testing equipment, and turbidimeters are one of the preliminary equipment utilized for quality analysis. This would remain among the key factors pushing sales of turbidimeter at a global level.

Customers would be inclined towards online turbidimeters in the near future, as they are accurate, quicker, and thus, highly reliable. Moreover, online turbidity monitoring is possible for continuous flow systems with a high measuring range of up to 10,000 NTU.

Key Takeaways – Turbidimeter Market Study:

  • Turbidity level of potable water has become a serious concern owing to contamination caused by toxic industrial waste and other pollutants. Strict measures are being taken for regulating turbidity levels of water.
  • Various water treatment and effluent treatment plants (ETP) have been established in order to regulate turbidity and other parameters, which will fuel the growth of market.
  • Increasing number of desalination plants in the Middle Eastern region is amplifying demand for turbidimeters.
  • Handheld turbidimeters are gaining traction owing to their compact size and application in time-critical measurements. However, highly accurate analysis is still majorly conducted by benchtop turbidimeters, as they have a wider measurment range.
  • Currently, sales of benchtop turbidimeters are relatively high in South Asia, because of more popularity of laboratory analysis in various industries.
  • Prices of benchtop and handheld turbidimeters are comparatively low in East Asia than other regions, owing to the prominent presence of local manufacturers.
  • Manufacturers are increasingly selling their products online to capitalize on features such as user-friendly interface, easy selection criteria, and price comparison.

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Key Players Profiled:

  • Thermo Fisher Scientific Inc.
  • Danaher (Hach) Corp
  • Emerson Electric Co
  • Xylem Inc.
  • METTLER TOLEDO
  • Merck KGaA
  • PCE Instruments
  • Hanna Instruments Inc.
  • Tintometer Inc.
  • LaMotte Company

Market Segmentation:

By Portability Type:

  • Handheld
  • Stationary

By Application:

  • On-field
  • Off-field

By End Use:

  • Wastewater Treatment
  • Chemical & Materials
  • Oil & Gas
  • Pharmaceutical
  • Pulp & paper
  • Food & Beverages
  • Research & Academia
  • Others

By Region:

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

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Author:

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

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

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

About Future Market Insights (FMI)

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

Contact Us:        

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
LinkedIn| Twitter| Blogs | YouTube

Empowering the Future: Smart Grid Technology Market Poised for Remarkable Growth at 19.6% CAGR, Set to Reach US$ 2.5 Trillion by 2033

The global smart grid technology market is set to witness remarkable growth, with a robust compound annual growth rate (CAGR) of 19.6% projected between 2023 and 2033, according to a recent market analysis conducted by Future Market Insights (FMI). The study indicates that the market is positioned to capture a substantial market share, estimated to reach a staggering US$ 2.5 trillion by 2033. In 2023, the market is anticipated to attain a valuation of US$ 429 billion.

The adoption of smart grid technology is driven by several key factors contributing to its exponential growth. Chief among them is the enhanced electrical transmission efficiency, which not only regulates and optimizes electrical transmission but also results in faster restoration post outages and efficient damage analysis. Additionally, the technology’s smart mitigation of electrical losses and wastage is gaining prominence among grid authorities. Remote monitoring of meters further aids authorities in curbing electrical theft.

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The intersection of higher energy consumption, rapid urbanization, efficient power supply, and power tracking systems is fundamentally reshaping the smart grid technology market landscape. Substantial investments in research and development aimed at materials utilization and energy conservation tools are fostering market growth. Collaborative efforts from governments, grid authorities, and power generation units are propelling the technological advancement of grid systems.

Key Players

  • ABB (Switzerland)
  • Siemens (Germany)
  • Schneider Electric (France)
  • S&C Electric Company (United States)
  • Eaton (Ireland)
  • GE (United States)
  • IBM (United States)
  • Wipro Limited (India)
  • Honeywell
  • Cisco (United States)
  • Aclara (United States)
  • Landis+Gyr (Switzerland)
  • Oracle
  • Itron

Key Highlights:

  • Projected CAGR of 19.6% for the smart grid technology market between 2023 and 2033.
  • Estimated market share of US$ 2.5 trillion by 2033, showcasing the rapid market expansion.
  • Anticipated market value of US$ 429 billion by the close of 2023.

Drivers and Opportunities:

The driving force behind the growth of the smart grid technology market lies in its enhanced electrical transmission efficiency, swift restoration post outages, and efficient damage analysis. The technology’s capability to mitigate electrical losses and wastage, coupled with remote monitoring, contributes significantly to its appeal.

Competition Analysis and Regional Trends:

As the smart grid technology market flourishes, numerous companies are vying to capture a share of this burgeoning sector. Competition among key players is expected to intensify as the market gains momentum.

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Key Segments Covered

By Software and Hardware Type:

  • Distribution Management System – DMS
  • Demand Response Management – DRM
  • Meter Data Management System – MDMS
  • Supervisory Control and Data Acquisition – SCADA
  • Smart Meter
  • Outrage Management System – OMS

By Sensors:

  • Voltage Sensors
  • Transformer Monitoring Sensors
  • Dynamic Line Rating Sensors
  • Home Area Network Sensors

By Communication Network:

  • Wide Area Network – WAN
  • Home Area Network – HAN

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)
  • The Middle East and Africa
    • GCC Countries
    • Israel
    • South Africa
    • The Middle East and Africa (MEA)

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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.

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 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Tower Crane Market Expected to Witness US$ 33,661.95 Million Valuation by 2033, Driven by a Consistent 4.8% CAGR

The tower crane market is primed for significant growth, projecting an ascent to US$ 21,063.30 million in 2023, further reaching an impressive US$ 33,661.95 million by 2033. This notable expansion is expected to be upheld by a consistent Compound Annual Growth Rate (CAGR) of 4.8% from 2023 to 2033.

The development of efficient tower cranes necessitates a wealth of expertise and experience. Typically anchored securely to foundations on construction sites, these cranes have witnessed a progressive increase in size and strength as construction professionals strive to enhance productivity, efficiency, and safety. Both stationary and mobile cranes, tailored to project requirements, find versatile application across various tasks.

Modern tower cranes play a pivotal role in empowering construction firms to achieve heightened productivity and efficiency. They facilitate the construction of tall buildings, even in densely populated urban areas, employing environmentally sustainable methods. Notably, they contribute to expedited project completion, with labor cost savings emerging as one of their most appealing features.

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Companies that develop buildings benefit from tower cranes because they can work more quickly and effectively. To handle even the heaviest tasks effortlessly, these heavy-lifting staples will come in handy. The tower cranes are not only a great addition to any urban aesthetic, but also they also come in handy for lifting heavy items, such as concrete, steel, and other heavy items.

A portable option also eliminates the need to carry bulky equipment. Automation and remote operation technologies are gradually being adopted by the construction industry. Remote control and automation could lead to tower cranes becoming less dependent on on-site operators. The result can be an improvement in safety and efficiency, as well as a reduction in labor costs.

Key Takeaways:

  • By design, bottom stewing cranes will contribute 63.4% of market revenue through 2033.
  • According to the forecast, hammerhead cranes will hold a 35.6% market share.
  • The United Kingdom is expected to experience a CAGR of 4% until 2033.
  • Throughout 2033, the demand for tower cranes in the United States is expected to increase by 4.5% CAGR.
  • By 2033, the tower crane market in India is predicted to expand at 5.8% CAGR until 2033.

“New manufacturing techniques and efficient tower cranes will drive demand. Increasing safety regulations and rental rates will drive market growth over the next few years,” – opines Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).

Competitive Landscape:

Various players operate in the tower crane industry, making it moderately competitive. It is becoming increasingly common for players to carve out a niche for a specific demographic. Strong partnerships with a high focus on innovation have benefited the market. As a result, a series of tower cranes have been launched since the beginning of the decade.

Market Developments Include

  • In September 2023, The NFT Group, headquartered in Abu Dhabi, is the exclusive distributor of Potain cranes in the Middle East and has one of the world’s largest tower crane fleets. As part of the vast NEOM development, two Potain tower cranes have been purchased and are being shipped immediately to a Saudi Arabian tourist attraction. An MCT 1005 and an MCT 1105 are two of Potain’s largest topless tower cranes, but one is the newest.
  • In October 2023, Manitowoc launched its Grove GRT8100-1 rough-terrain crane and Grove five-axle all-terrain cranes at GIS Expo 2023, Europe’s largest lifting, transportation, and industrial exhibition. With so many customers, partners, and colleagues attending the GIS Expo, the event has become increasingly important.

Key Companies Operating in the Tower Crane Market:

  • Xuzhou Construction Machinery Group Co. Ltd.
  • Zoomlion Heavy Industry Science & Technology Company Ltd.
  • Liebherr
  • Terex Corporation
  • Manitowoc
  • Sany Group
  • Action Construction Equipment
  • Konecranes
  • Raimondi

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Tower Crane Industry Segmentation Analysis:

By Lifting Capacity:

  • Up to 5 Tons
  • 5 to 10 Tons
  • 10 to 20 Tons
  • 20 to 30 Tons
  • 50 to 250 Tons

By Design:

  • Top Slewing
  • Bottom Slewing

By Product Type:

  • Self-Erecting
  • Hammerhead Cranes
  • Luffing Jib Cranes
  • Mobile Cranes

By End-use:

  • Building & Construction
  • Civic Infrastructure
  • Marine & Sea Ports
  • Mining
  • Others

By Region:

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

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Author:

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

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

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

About Future Market Insights (FMI)

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

Contact Us:        

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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Global Digital Pump Market Set to Gear Up for US$ 20.5 Billion Revenue by 2032, Fueled by an Average 6.1% CAGR | FMI Projection

The digital pump market is envisioning a substantial Compound Annual Growth Rate (CAGR) of 6.1% from 2022 to 2032. This upward momentum is set to elevate the market to remarkable heights, projecting a valuation of US$ 20.5 billion by 2032, marking a significant increase from its 2022 valuation of US$ 11.3 billion.

At the heart of this surge in the digital pump market lies their versatile utility, particularly in terms of energy savings and cost efficiency. These innovative pumps find applications across a diverse spectrum of sectors, including buildings, water treatment plants, boiler control systems, and automation. Their remarkable ability to optimize and streamline fluid management processes emerges as a pivotal factor driving market growth.

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These pumps not only conserve energy and reduce costs but also find applications in various sectors such as construction, water treatment facilities, boiler control systems, and automation, contributing significantly to the market’s expansion. Additionally, the acceleration of market growth is attributed to several other factors, including stringent energy-efficiency regulations in developed nations, the rise of the Industrial Internet of Things (IIoT), and the economic advantages associated with intelligent systems, particularly in the context of smart water and wastewater management.

Moreover, the increasing global capacity for power generation and substantial investments in non-oil and gas sectors within the Middle East and North Africa (MENA) region are poised to further bolster the growth of the digital pump market throughout the analysis period.

Notable Insights from the Market Analysis:

  • The global digital pump market reached a valuation of US$ 11.3 Billion by the end of 2022.
  • The United States is anticipated to lead the market demand, accounting for the highest value share of US$ 5.5 Billion in 2032.
  • The period from 2015 to 2021 witnessed a considerable expansion in Digital Pump demand, marked by a Compound Annual Growth Rate (CAGR) of 6.7%.
  • Among different connectivity options, the conventional pump controller dominates the digital pump market, exhibiting a CAGR of 4.9%.

“Remarkably, digital pumps offer energy and cost savings while finding applications in building infrastructure, water treatment facilities, boiler control systems, and automation. This vital aspect drives the growth of the market,” comments an analyst from FMI.

Competitive Scenario:

Key players in the global Digital Pump Market are strategically expanding their global footprint through a variety of tactics, including collaborations, partnerships, and alliances. These industry participants are also making substantial investments in research and development (R&D) to infuse innovation into their products, thereby reinforcing their market position.

Notable recent developments among major players include:

  • In August 2021, Regal Beloit Corporation, a leading global manufacturer and engineering solutions provider for power transmission, introduced the Century VGreen Evo pool pump motor to its product lineup. This new motor, driven by advanced variable speed technology, stands as one of the most energy-efficient pool pump motors available in the market.
  • In March 2020, Framo and Aker BP announced a smart pump maintenance contract for seawater lift pumps in the Norwegian Continental Shelf. The six-year contract extension is a continuation of a pilot contract initiated in 2018 involving pump supplier Framo, production company Aker BP, and industrial AI Software as a Service (SaaS).

Key Players:

  • ITT Corporation
  • Xylem
  • KSB Aktiengesellschaft
  • Flowserve Corporation
  • Wilo SE
  • ABB
  • Grundfos Holding
  • Sulzar
  • Colfax Corporation
  • Regal Beloit
  • Wanner International
  • Kirloskar

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Key Segments Covered:

Digital Pump by Connectivity:

  • Conventional Digital Pump Controller
  • Mobile/Remote Digital Pump Controller

Digital Pump by Distribution Channel:

  • Online Digital Pump Sales
  • Retail Digital Pump Sales
  • Company Owned
  • Third-Party

Digital Pump by Industry:

  • Digital Pump for Manufacturing
    • Food and Beverage
    • Pharmaceutical
    • Oil & Gas
    • Textile and Paper
    • Chemicals
    • Biotechnology
    • Construction
  • Digital Pumps for the Public Sector
    • Water and Wastewater Treatment
    • Pumping Stations
  • Digital Pumps for Agriculture
  • Digital Pumps for Residential Use

Digital Pump by Region:

  • North America Digital Pump Market
  • South America Digital Pump Market
  • Europe Digital Pump Market
  • Asia Pacific Digital Pump Market
  • Middle East and Africa Digital Pump Market

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Author:

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

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

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

About Future Market Insights (FMI)

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

Contact Us:        

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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FMI Analysis Suggests Global Mining Hoses Market Projected to Surpass US$ 749.3 Million Revenue by 2032, Growing with a CAGR of 6.7%

The mining hoses market is projecting a robust Compound Annual Growth Rate (CAGR) of 6.7% from 2022 to 2032, ultimately reaching an impressive US$ 749.3 million by 2032. Noteworthy is the market’s resilient expansion, with a slightly higher CAGR of 7.2% observed from 2015 to 2021, culminating in a market size of US$ 364.0 million in 2021.

A key catalyst propelling this growth is the rapid expansion of construction operations worldwide. As burgeoning economies embark on extensive projects, the demand for mining hoses is expected to experience a substantial upsurge. Furthermore, the integration of cutting-edge technologies within these operations is set to revolutionize the mining hoses market landscape, adding an intriguing dimension to its growth trajectory.

Stakeholders and industry participants are strongly advised to closely monitor this trajectory as the mining hoses market positions itself for significant expansion, driven by the convergence of construction growth and technological advancements in the mining sector.

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Increased production of minerals and mineral-based products like mineral powders in emerging economies like India and China are opening up new market spaces for the mining hoses market, enhancing the sales of mining hoses solutions.

The use of hoses is an integral part of most equipment in mines, along with surface operations, industrial hoses, and shops, fuelling the sales of mining hoses in multiple regions.

Key Takeaways:

  • The slurry segment from the mining hoses market’s transporting media category is expected to grow at the fastest CAGR of 6.3% in the service type category, helping it to reach US$ 110.1 Million.
  • The synthetic rubber segment is expected to grow at a strong CAGR of 7.19% in the component category of the mining hoses market. USA, Canada, Japan, China, and Europe hold a 6% CAGR that is estimated for the slurry segment of transporting media category.
  • United States is expected to reach a market size of US$ 83.2 million in mining hoses by 2032.
  • The market size of the mining hoses market in China is expected to reach US$ 152.3 Million by 2032, growing at a CAGR of 9.1% during the research period.
  • Canada’s mining hoses market is expected to thrive at a CAGR of 5.3% over the forecast period.
  • Japan’s mining hoses market is expected to flourish at a CAGR of 3.2% during the research period (2022-2032).
  • While Germany within Europe grows slowly at a CAGR of 3.7% between 2022 and 2032.

Recent Developments:

  • Continental Group has introduced its new series of material handling, dredge & mining hoses, increasing the sales of mining hoses.
  • Eaton Corporation PLC has launched and upgraded its new set of hoses, tubing, connectors, and fittings. This pushes the sales of mining hoses worldwide.
  • Metso Corporation has launched its Slurry hoses that have a high standard of quality and safety, fuelling the sales of mining hoses worldwide.
  • Weir Group PLC has launched its series of hose and pipe spools that are robust & reliable rubber hose products, pushing the overall demand for mining hoses.
  • Trelleborg AB has launched and designed new and better hoses with high manufacturing quality for specific industries. This pushes the demand for mining hoses in new markets.

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Competitive Landscape:

Some of the mining hoses market’s key competitors profiled in the research are AlfaGomma SpA, Continental Group, Eaton Corporation PLC, Weir Group PLC, Trelleborg AB, Goodall, Metso Corporation, TESS International, and Novaflex Inc.

Key Segments Covered:

By Transporting Media:

  • Industrial Water/Alkali
  • Bulk Water
  • Slurry

By Material:

  • Natural Rubber
  • Synthetic Rubber

By Region:

  • North America
  • South America
  • Europe
  • Asia Pacific
  • Middle East & Africa

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Author:

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

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

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

About Future Market Insights (FMI)

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

Contact Us:        

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
LinkedIn| Twitter| Blogs | YouTube

Global Lightning Arrester Market Predicted to Witness US$ 1,466.7 Million Revenue by 2032, Fueled by a Consistent 6.5% CAGR

In the year 2022, the global lightning arrester market stands poised for significant expansion, with a valuation of US$ 782.1 million, marking the onset of substantial growth over the next decade. Forecasts project a remarkable ascent to US$ 1,466.7 million by 2032, indicating a robust Compound Annual Growth Rate (CAGR) of 6.5%. Lightning arresters, often overlooked yet indispensable, assume a pivotal role in ensuring the safety of electrical equipment across various sectors, including residential, industrial, and infrastructure applications.

As global demand for reliable lightning protection solutions continues to surge, the lightning arrester market anticipates noteworthy advancements, emphasizing the crucial role these devices play in fortifying the safety and resilience of electrical systems. Stakeholders and industry participants are urged to stay abreast of this dynamic market landscape as it progresses towards unprecedented growth and innovation.

Of significant concern, North America grapples with an escalating vulnerability to frequent lightning strikes, resulting in a surge of damage to electrical infrastructure within the region. Consequently, the North American lightning arrester market is poised to witness a robust CAGR of 5.8% throughout the forecast period. This underscores the critical need for advanced lightning protection solutions in the region to effectively mitigate the risks associated with lightning-induced damage to electrical infrastructure.

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This growth can be attributed to a combination of factors, including stringent safety regulations and the ever-increasing power consumption of high-rise buildings. Lightning arresters serve as the ultimate guardians against the unpredictable forces of nature, acting as a barrier that dissipates the energy of lightning strikes and prevents them from wreaking havoc within buildings. This pivotal role in safeguarding lives and property underscores their significance in ensuring electrical safety in an electrified world.

As we surge forward into the future, the global lightning arrester market plays a critical role in fortifying our defenses against the capricious forces of nature, proving that safety and innovation go hand in hand in the modern world of electrical engineering.

Key Takeaways from Market Study:

  • By rating type, above 110 KV sales are expected to remain dominant during the forecast period and will account for more than 40% by 2032.
  • By product type, the valve type lightning arrester segment is anticipated to grow with a CAGR of 7.7% through the forecast period.
  • By end Use, the power Industry segment is projected to lead the lightning arrester market and is further anticipated to create an absolute dollar opportunity worth US$ 145.9 Mn by 2032.
  • In terms of region, lightning arrester sales in South Asia & Pacific are estimated to increase at a CAGR of 7.2%.

Countries such as the U.S., China, India, Indonesia, Malaysia, etc. are prone to lightning strikes. Further, according to a study from the National Lightning Safety Institute, there has been a significant increase in lightning-related incidents over the past decade, with more than $2 billion in property damage reported each year. While traditional lightning rods are still the most prevalent kind of protection, lightning arresters are becoming a more popular option since they can protect a larger area for a lower cost.

Lightning Arrester Market Competitive Landscape:

Key Players Operating in the Industry:

  • Eaton
  • ABB
  • Hubbell
  • GE Grid
  • Schneider Electric SE
  • TE Connectivity
  • Toshiba

The lighting arreter market is moderately consolidated, with leading players accounting for more than 40% of the market share. These players are likely to invest in new technology developments, expansion of their distribution networks, and tie-ups with prominent end-users to maintain their market presence.

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Key Segments Covered In Lightning Arrester Industry Analysis

By Rating:

  • Below 35 KV
  • 35-110 KV
  • Above 110 KV

By Product Type:

  • Rod gap arrester
  • Horn gap arrester
  • Multi gap arrester
  • Expulsion-type lightning arrester
  • Valve-type lightning arrester
  • Metal oxide varistor lightning arrester
  • Others

By End Use:

  • Infrastructure
  • Power Industry
  • Industrial
  • Municipal
  • Residential

By Region:

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

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Author:

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

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

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

About Future Market Insights (FMI)

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

Contact Us:        

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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FMI Analysis Projects RFID Kanban Systems Market to Cross of US$ 8.4 Billion Revenue by 2032, Driven by Robust CAGR of 18.1%

The RFID Kanban systems market is poised for remarkable growth, with projections indicating a surge to surpass US$ 8.4 billion by 2032, driven by an impressive compound annual growth rate (CAGR) of 18.1%. This upward trajectory, originating from a market size of US$ 1.6 billion in 2022, underscores the transformative potential of RFID Kanban solutions in modern inventory management.

A significant catalyst fueling this expansion is the escalating demand for smart healthcare systems and advanced inventory management solutions. Amidst profound transformations within the healthcare sector, the integration of technology has become indispensable. RFID Kanban Systems emerge as a pivotal solution, offering a streamlined and highly efficient approach to managing medical supplies, pharmaceuticals, and equipment.

In the healthcare domain, RFID Kanban Systems are revolutionizing inventory management by enabling real-time tracking of inventory levels. This ensures consistent availability of critical items for medical professionals, ultimately enhancing patient care by reducing downtime and optimizing operational costs within healthcare facilities.

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Key Takeaways:

  • Growing demand for restocking of products the demand for RFID box segment to grow at a CAGR of 17.5% during the forecast period
  • The U.S. market is expected to reach US$ 3 Billion by 2032, growing at a CAGR of 17.9% by the forecast period.
  • Growing demand for automation businesses in China are expected to grow at a CAGR of 17.4% from 2022-2032.
  • Multi-Bin RFID Kanban Systems is expected to grow at a CAGR of 17.9% during the forecast period.
  • A growing demand for inventory management of drugs in Japan is projected to drive market growth at a CAGR of 16.2% during the forecast period.

RFID Kanban Systems: Competitive Landscape

New technologies and increasing technological innovations in the market will benefit manufacturers. Strategic partnerships can allow a company to expand its operational capabilities. Business expansion can be made smarter and more dynamic to reduce security breaches and power outages.

  • In December 2021, InvoTech Systems, Inc., a leader in trusted identity solutions, was acquired by HID Global, a worldwide provider of trusted identity solutions. As a result of the acquisition, HID Global’s RFID portfolio grows even further to provide a comprehensive range of advanced textile inventory management solutions for uniforms, linens, and laundry operations.
  • In April 2022, Chipotle Mexican Grill is going to test radio-frequency identification (RFID) technology in nearly 200 of their restaurants and distribution center in Chicago. This test has been developed in collaboration with the RFID Lab at Auburn University. In order to enhance inventory and traceability, the company plans to utilize the technology. With this new technology, Chipotle will be able to respond quickly to concerns about food safety and quality.

Key Players:

  • Brooks Automation Inc.
  • Datelka
  • Grifols S A
  • Hurst Green Plastics Ltd
  • LogiTag Systems
  • MATTTEO
  • MetraTec GmbH
  • Palex Medical SA (Bidco Palex S.L.)
  • Pepperl+Fuchs SE
  • Scan Modul B.V.

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Key Segments Covered In The RFID Kanban Systems Market Report:

RFID Kanban Systems Market by Type:

  • Single Bin RFID Kanban Systems
  • Multi-Bin RFID Kanban Systems

RFID Kanban Systems Market by Component:

  • RFID Kanban Systems Box
  • RFID Kanban Systems Base
  • RFID Kanban Systems Shelf/Cabinet
  • RFID Kanban Systems Electronic Shelf Displays
  • Other RFID Kanban System Components

RFID Kanban Systems Market by Application:

  • RFID Kanban Systems for Supply Chain Inventory Management
  • RFID Kanban Systems for Equipment Identification
  • RFID Kanban Systems for Track and Trace Solutions
  • RFID Kanban Systems for Other Applications

RFID Kanban Systems Market by Data Center Type:

  • RFID Kanban Systems for Enterprise Data Centers
  • RFID Kanban Systems for Managed Data Centers
  • RFID Kanban Systems for Colocation Data Centers
  • RFID Kanban Systems for Cloud and Edge Data Centers

RFID Kanban Systems Market by Vertical:

  • RFID Kanban Systems for BFSI
  • RFID Kanban Systems for Government and Public Sector
  • RFID Kanban Systems for IT and ITeS
  • RFID Kanban Systems for Manufacturing
  • RFID Kanban Systems for Healthcare and Life Science
  • RFID Kanban Systems for Telecommunications

RFID Kanban Systems Market by Region:

  • North America RFID Kanban Systems Market
  • Europe RFID Kanban Systems Market
  • Asia Pacific RFID Kanban Systems Market
  • Middle East and Africa RFID Kanban Systems Market
  • Latin America RFID Kanban Systems Market

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Author:

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

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

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

About Future Market Insights (FMI)

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

Contact Us:        

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
LinkedIn| Twitter| Blogs | YouTube