Market Research Blog – Page 3751 – New Product Development

Bakery Products Market Expected to Surpass US$ 354.6 Billion by 2032: Analysis of Growth Drivers

Over the projected period (2022 to 2032), the bakery products market is anticipated to expand at a CAGR of 4.2% and reach a value of US$ 354.6 Billion.

The market is anticipated to be driven by rising consumption of processed foods and a shift in consumer preferences towards easy-to-use food and drink products. The demand for frozen bakery goods is anticipated to expand in the coming years due to the convenience and longer shelf life that frozen food items offer.

Consumer preferences and tastes for various bread items have evolved as a result of changing consumer behaviour. They have been experimenting with new items with various flavours and fillings. Furthermore, health-conscious consumers’ preferences are gradually shifting towards low-calorie products.

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Busy schedules and hectic timelines have convinced the consumers to switch to convenient and ready-to-eat products such as biscuits and bread and rolls which is likely to positively impact the market. Due to the above-listed factors, the demand for bakery products is prophesied to show impressive growth over the forecast period.

Key Takeaways:

Europe is expected to account for the maximum value share of the global market of about 28% by 2022.
By product type, bread and rolls is expected to account for the highest market share in 2022.

In case of specialty segment, sales of gluten-free bakery products are expected to gain momentum.
Indirect channel is expected to account for a higher market value share than direct channel by 2032.
Germany is expected to account for 30% of the Europe bakery products market share over the forecast period.

Competitive Landscape

Manufacturers are adopting various marketing strategies such as new product launches, geographical expansion, merger and acquisitions, partnerships, and collaboration gain a competitive edge in the market. For instance:

In 2021, Mondelez International (MDLZ) had acquired Chipita S.A. which is a Greek snacking company. Chipita produces and markets savory and sweet snacks.
In 2020, ITC’s brand, popularly called as ‘Sunfeast’ had expanded its ‘cake’ category, by introducing its new product named as Sunfeast Caker which is available in three forms, namely Choco Swiss Roll, and Layer Cake, and Trinity.

Explore More Valuable Insights

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

The study offers compelling insights based on bakery products market by product type (biscuits, breads and rolls, cakes and pastries, rusks), specialty type (fortified, gluten-free, organic, low calorie, sugar-free), and distribution channel (direct and indirect) across seven (North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa) major regions of the world.

Global Bakery Products Market by Category

By Product Type:

Biscuits
- Cookies
- Non-Salt Cracker Biscuits
- Salt Cracker Biscuits
- Milk Biscuits
- Cream Biscuits
- Glucose Biscuits
- Marie Biscuits
- Others
Bread and Rolls
- Artisanal
- In-Store
- Packaged
Cakes and Pastries
- Artisanal
- In-Store
- Packaged
Pizza Crusts
Rusks

By Specialty Type:

Gluten-free
Fortified
Organic
Low-calorie
Sugar-free

By Distribution Channel:

Direct
Indirect
- Hypermarkets/Supermarkets
- Convenience Store
- Bakery Stores
- Artisanal Bakeries
- Online Retailers

By Region:

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

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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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Global Automated Brewing System Market to Surpass US$ 1,609.7 Million by 2033, Fueled by a Steady 3.4% CAGR, Reports FMI

The global automated brewing system market is on track to achieve a substantial valuation of US$ 1,609.7 million by 2033, reflecting a notable increase from its 2023 market value of US$ 1,152.2 million. This upward trajectory is driven by a steady Compound Annual Growth Rate (CAGR) of 3.4% anticipated over the decade spanning from 2023 to 2033.

Automated brewing systems have emerged as integral components not only in beer production but also in crafting various alcoholic beverages. These sophisticated systems offer numerous advantages, including enhanced efficiency and consistent quality throughout the brewing process, thereby elevating the industry’s production capabilities.

A key driver behind the sector’s expansion is the rising global demand for beer, coupled with the increased adoption of automation within breweries. These interconnected factors contribute to the growing appeal of automated brewing systems. As the industry continues to evolve, these advanced technologies are poised to revolutionize and optimize beverage production processes on a global scale.

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Market Drivers and Industry Innovations:

Craft Beer Trend Among Millennials and Gen Z: The surge in demand for craft beer, particularly among millennials and Gen Z in emerging economies, is a significant driver for the increased adoption of automated brewing systems.
Beverage Manufacturers’ Innovation: Major beverage manufacturers are gearing up to introduce novel craft beers in distinctive flavors during the forecast period, capitalizing on the growing consumer interest in unique beverage options.

Notable Industry Developments:

Innovative Non-Alcoholic Beer Launch: In November 2022, Katrina Brewing Co. made its mark in the non-alcoholic beer sector by introducing two captivating flavors, Lime & Sea Salt and Mexican Lager, inspired by authentic Mexican cheladas. This move addresses the year-round craving for invigorating summer flavors and offers a well-balanced crisp lager option that pairs well with various Mexican cuisine.
Collaborations and Celebrity Endorsements: A strategic approach by sports groups and celebrities involves collaborating to introduce new beer varieties, aiming to attract a broader customer base. In January 2023, Terre Haute Brewing Company partnered with Indiana State University Athletics to jointly launch Crossroads Cream Ale, demonstrating the power of alliances in expanding the market reach.

Key Insights from the Automated Brewing System Market Analysis:

USA Market Share Projection: The automated brewing system market in the USA is poised to secure a substantial share of approximately 7% over the next decade.
Steady Growth in China: The Chinese automated brewing system market is expected to experience steady growth, exhibiting a robust CAGR of 8% throughout the forecast period.
Historical Growth Trend: Between 2017 and 2022, the automated brewing system market demonstrated a notable 9% CAGR in its historical performance.
Prominence of Mini Brewers: Among product types, mini brewers are foreseen to command a significant share during the assessment period.
Global Market Valuation: The worldwide automated brewing system market is projected to surpass a valuation of US$ 1,609.7 million by the year 2033.

Focus on Innovation and Industry Collaborations:

Major industry participants are channeling significant investments into research and development endeavors to introduce pioneering solutions. Collaborative initiatives such as partnerships, alliances, and joint ventures with local entities are employed by some companies to extend their geographical reach and jointly innovate advanced systems catering to bulk coffee or beer production needs.

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Competitive Landscape in the Automated Brewing System Market:

Prominent players in the global automated brewing system market encompass BREWIE, Brew Jacket LLC, PicoBrew Inc., HomeBrew West, MiniBrew BV, BrewArt, LG Corporation, Kickstarter, PBC Coffee, Speidel Tank-und Behälter bau GmbH, and Williams Warn Ltd., among others.

Automated Brewing System Industry by Category:

By Product Type:

Full-Size Brewer
Mini Brewer

By Capacity:

Less than 5 liters
5 to 10 liters
10 liters and above

By Mechanism:

Manual
Semi-automatic
Fully Automatic

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East and 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)

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Nandini Singh Sawlani

Water Enhancers Market Projected to Reach US$ 4 Billion by 2032: Exploring Innovations, Consumer Trends

The global water enhancers market is expected to witness growth at a CAGR of 9.5% from 2022 to 2032 and reach a valuation of US$ 4 Billion by 2032. Increasing shift of consumers towards food and beverages that can improve their overall health is anticipated to push the market.

Manufacturers are consistently developing innumerable fortified foods and functional beverages to fulfill consumer demand for healthy products. Water enhancers are formulations that are added to the water to enhance its flavor and nutritional content.

These enhancers are being increasingly consumed by sports athletes and gym enthusiasts. They have gained immense popularity as novel enhancers can eliminate the time required to prepare a drink from scratch. They are also easy to carry and can be stored for a longer period of time.

Health and label-conscious consumers often check the source of ingredients that are used to make the final product. As a result, retailers are mentioning nutrient contents on the packaging of their products to remain transparent.

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Reputed brands are offering water enhancers that are keto-friendly, gluten-free, vegan, non-dairy, and low-carb. As these products cater to a wide range of consumer requirements, demand for water enhancers is expected to surge in the upcoming decade.

Water enhancers are expected to help consumers increase their daily water intake to meet the prescribed levels for maintaining good health and building a strong immunity against foreign pathogens. Water intake varies according to age, gender, activity level, lifestyle, and overall health condition.

As consumers are adopting healthy lifestyles, demand for natural water enhancers that are rich in minerals, vitamins, amino acids, and herbs is expected to increase in the evaluation period. Surging spending capacity and changing lifestyles of consumers, especially in North America, Europe, and Asia is also expected to drive the market during the assessment period.

Key Takeaways: Water Enhancers Market

The North America and Latin America water enhancers markets are expected to exhibit growth at CAGRs of 8.2% and 8.1%, respectively, through 2032.
North America is set to account for 50% of the water enhancers market share during the assessment period.
The Europe water enhancers market is projected to reach US$ 352 Mn in 2032.
The India water enhancers market is estimated to create an absolute $ opportunity of US$ 136 Mn in 2022.
By active ingredients, the sweeteners segment is likely to hold the highest market share and grow at a CAGR of 8.5% by 2032.

“Rising awareness about the consumption of nutrient-rich food and beverages is expected to propel the demand for water enhancers globally. Key companies are investing in the development of sugar-free, vegan, and non-carbonated beverages to provide nutrition to consumers,” says a Future Market Insights analyst.

Competitive Landscape: Water Enhancers Market

Key manufacturers operating in the water enhancers market are focusing on research & development activities to offer various flavored products. They are also collaborating with start-up firms and developing new product lines to enter the untapped areas.

For instance,

In July 2020, Kraft Foods, a leading food manufacturing and processing conglomerate based in the U.S., introduced its latest Mio Liquid Water Enhancer. The product not only helps a person in achieving their quota of drinking but also enhances taste. It is available in dozens of flavors, including Lemonade, Berry, Pomegranate, Tangerine, Orange, and Black Cherry. It will help consumers to drink more water without the addition of sugar or soda.

More Valuable Insights on Water Enhancers Market

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

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Water Enhancers Market Outlook by Category

By Active Ingredients:

Sweeteners
Vitamins
Electrolytes
Anti-oxidants

By Sales Channel:

Offline Sales Channel
- Supermarkets/Hypermarkets
- Departmental Stores
- Convenience Store
- Other Sales Channel
Online Sales Channel
- Company Website
- E-commerce Platform

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

Frequently Asked Questions

How much is the global water enhancers market worth?
What will be the global water enhancers market size by 2032?
At what CAGR did the global water enhancers market grow in the historical period?
At what rate will the demand for water enhancers grow in Europe?
What is the North America water enhancers market outlook?

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Author

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

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

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

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

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

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Fish Feed Pellet Making Machines Market Poised to Surpass US$ 2,167.9 Million by 2033, Driven by a Robust 5.6% CAGR

The fish feed pellet making machine market is poised for significant growth, driven by a robust Compound Annual Growth Rate (CAGR) of 5.6% over the forecasted period. By 2033, this burgeoning market is expected to exceed a valuation of US$ 2,167.9 million, marking a substantial increase from the projected US$ 1,257.2 million in 2023. The year 2022 is anticipated to conclude with a valuation of nearly US$ 1,190.5 million, and 2023 is expected to witness commendable year-on-year growth of 4.3%.

These highly specialized devices are meticulously engineered to transform powdered fish food into compact, nutrient-rich pellets. Designed to cater to the needs of commercial fish farmers, these cutting-edge machines empower farmers to provide a consistent and tailored diet for their aquatic stock. The resulting pellets, characterized by their small size, address the specific dietary requirements of fish, thereby contributing significantly to the growth and health of aquatic ecosystems.

The trajectory of this market underscores its vital role in meeting the evolving needs of the aquaculture industry and emphasizes the importance of advanced technologies in promoting sustainable and efficient fish farming practices.

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As per FMI, increasing export of fish and other seafood products from various countries across the globe is likely to drive sales in the market. In emerging economies, international companies are expected to enter for capturing the overall industry.

One prominent catalyst propelling growth in this market is the burgeoning trend of organic farming. Organic fish production places a premium on genetically unmodified organisms, eschews chemical pesticides and products, and upholds the welfare of aquatic life through lower stocking density.

Moreover, increasing demand for organic farming owing to rising awareness regarding the importance of sustainability, as well as animal welfare is set to augment sales. Thus, fish farmers are practicing organic farming methods to provide chemical free and genetically modified products.

Rising inclination of consumers towards organic food items is projected to compel key manufacturers to expand their production capacity of organic feed. Changing eating habits and lifestyles of consumers in both developed and developing countries are the other factors that would accelerate sales in the market.

Key Takeaways from the Fish Feed Pellet Making Machine Market Study:

Top 3 countries in the global fish feed pellet making machine market are projected to generate a share of 8% in the next ten years.
The global fish feed pellet making machine market is estimated to be valued at US$ 1,190.5 million by the end of 2022 from a valuation of US$ 1,006.0 million in 2018.
The USA fish feed pellet making machine market is anticipated to generate the lion’s share of nearly 8% by 2033.
Germany fish feed pellet making machine market is predicted to account for a considerable share of about 3% in Europe during the estimated time frame.
In Asia Pacific, India is likely to witness moderate growth and exhibit a CAGR of 3% from 2023 to 2033.

“Key companies in the fish feed pellet making machine market are anticipated to invest huge sums in the manufacturing of dry pelleted fish feed. This type of feed is projected to be extensively used for improving digestibility and balance of nutrients for matching specific needs of various fish species,” says a lead analyst at Future Market Insights.

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Key Players Operating in the Industry:

CPM Asia
Andritz Group
Buhler AG
Salmco Ltd.
Zhengchang Group
LIMA Machinery
Darin
Jinan Baimai Haiyuan Extrusion Machinery
Sunspring Machinery

Market Segmentation:

By Type:

Ring Die Pellet Mill
Flat Die Pellet Mill

By Application:

Small-Scale Aquaculture
Large-Scale Aquaculture
Others

By Sales Channel:

Online
Offline

By Region:

North America
Europe
Asia Pacific
Latin America
MEA
RoW

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Author:

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)

Contact Us:

Nandini Singh Sawlani

DC Switchgear Market Aims for US$ 29.361 Billion Valuation by 2033, Driven by a Solid 6.9% CAGR

The DC switchgear market is poised for remarkable growth, with a projected valuation of US$ 15.066 billion in 2023, paving the way for a robust and consistent expansion trajectory. With a compelling Compound Annual Growth Rate (CAGR) of 6.9% forecasted for the decade spanning from 2023 to 2033, the market anticipates reaching an exceptional valuation of US$ 29.361 billion by 2033.

This upward trend is primarily driven by the rising global energy consumption and escalating demand for DC switchgear across a diverse range of applications. DC switchgear, comprising a spectrum of essential components, plays a pivotal role within electrical grids by effectively governing and managing shifts in direct current (DC) levels. Its significance extends across various sectors, including railways, maritime applications, and battery storage. Notably, the switchgear market commands a substantial share, contributing approximately 18.1% to the broader DC switchgear industry landscape.

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Elevating DC Switchgear Industry: Factors Shaping Growth and Challenges Ahead

Fueling Growth: Embracing Energy Efficiency and Network Stability

The trajectory of the DC switchgear industry’s expansion is poised to receive a significant boost, primarily propelled by the shift towards energy-efficient distribution networks. This transition aligns with the heightened focus on transmission network stability, security, and reliability. The growing investments in the renewable energy sector further amplify the potential for lucrative opportunities within the DC switchgear market throughout the projected period.

Renewable Energy Landscape: Bridging Rural Areas with HVDC Solutions

A paradigm shift is evident in the energy landscape, with solar, wind (onshore and offshore), biomass, hydropower, and geothermal power plants transforming rural regions. To harness energy from these diverse sources and mitigate transmission losses over long distances, HVDC systems, along with DC switchgear, play a crucial role. Notably, the amalgamation of renewable power generation sources and HVDC transmission connections in nascent or ongoing projects is increasingly prevalent, mandating consistent system monitoring for optimal performance and fault protection.

Promising Prospects Amidst Complex Challenges:

While abundant opportunities beckon, the DC switchgear market is not devoid of challenges. The installation of upgraded DC switchgear faces multiple hurdles, including adverse environmental conditions, stringent regulations, and intricate technical considerations. These factors pose a potential risk to a nation’s economy. Additionally, the integration of smart devices enhances operational efficiency but also introduces security vulnerabilities. Cybersecurity concerns loom, encompassing issues like data theft and security breaches that could lead to power outages and blackouts. Furthermore, safeguarding substations, which include DC switchgear, necessitates multi-layered cybersecurity measures, potentially hindering the rising demand for DC switchgear.

Key Insights: Unveiling Dynamics in the DC Switchgear Market

Railway Segment: Leading Contributor in Projected Growth

Forecasts indicate that the railway segment will emerge as the most substantial contributor during the forecast period, driving the momentum of the DC switchgear market.

Capacity Matters: Thriving Sales of 750 V DC Switchgear

End users’ quest for heightened efficiency positions DC switchgear with a capacity of 750 V in the forefront, sustaining the highest sales figures.

U.S. Outlook: Robust Growth by 2025

Anticipated to witness a growth exceeding 5% by 2025, the DC switchgear market in the United States is propelled by government initiatives aiming to modernize and elevate existing distribution networks.

Outdoor Resilience: Dominance of Outdoor Installation

The outdoor installation segment is poised to claim a significant DC switchgear market share, attributed to its remarkable endurance against harsh climatic conditions, coupled with cost-effective and dependable operations.

Competitive Outlook: Leading Players in the DC Switchgear Market

Prominent entities making their mark in the DC switchgear market encompass Toshiba Infrastructure Systems & Solutions Corporation (Japan), Siemens (Germany), Hitachi Energy Ltd. (Japan), ABB (Switzerland), Eaton (Ireland), L & T (India), Lucy Electric (UK), and Hubbell Incorporated (United States).

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Strategic Pursuits: Pathways to Market Dominance

In a bid to secure a substantial stake within the DC switchgear market, companies employ diverse strategies. These strategies encompass contracts and agreements, investments and expansions, as well as partnerships, collaborations, alliances, and joint ventures. Each of these tactics is instrumental in positioning companies at the forefront of the dynamic DC switchgear landscape.

Key Segments Covered:

By Component Type:

Power Distributor Switch Breaker
Switch Disconnector
MCCB
MCB
HRC Fuse
Earth Fuse

By Voltage Range:

Up to 750V
750V to 1800V
1800V to 3000V
3000V to 10,000V
Above 10kV

By Insulation Type:

Air Insulated
Gas Insulated
Oil Insulated
Vacuum Insulated
Solid Insulated

By Deployment Type:

Fixed Mounting
Plug-In
Withdrawable Units

By Application:

Railways
Solar Farms
Battery Storage
EV Charging Infrastructure
Marine
Power Generation and Distribution
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia Pacific
The 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.

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Geiger Counters Market Set to Soar, Projected to Exceed US$ 157.4 Million by 2033 on the Back of Strong 7.2% CAGR

The global geiger counters market poised for exponential growth, projected to surpass a valuation of US$ 157.4 million by 2033, driven by a robust Compound Annual Growth Rate (CAGR) of 7.2% from 2023 onwards. These devices, essential for radiation detection, are witnessing consistent expansion across various sectors, including nuclear power plants, medical facilities, environmental monitoring agencies, and laboratories, underscoring their pivotal role in ensuring safety and efficiency. Additionally, their significance extends to personal security measures, offering individuals peace of mind and reassurance.

The demand for Geiger counters is intricately linked to the nuclear sector. With ongoing investments in nuclear energy and the expansion of nuclear power generation capacity by various countries, there arises a parallel requirement for radiation monitoring equipment, which includes Geiger counters.

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Industry stakeholders, from manufacturers to end-users, are eager to harness the potential of this burgeoning market. This growth not only presents lucrative opportunities but also underlines the vital role Geiger counters play in ensuring safety, security, and progress in a world increasingly reliant on nuclear technology and radiation-based applications.

Geiger counters’ demand is intricately linked with the nuclear sector’s growth. As nations invest in nuclear energy and expand their nuclear power generation capabilities, there arises a corresponding requirement for radiation monitoring tools, including Geiger counters.

Strict regulations and safety standards established by governments and regulators necessitate radiation protection adherence. Industries dealing with radioactive sources must employ radiation monitoring devices like Geiger counters to ensure compliance with these rules.

The medical realm extensively employs Geiger counters in nuclear medicine, radiography, and radiotherapy. The rising prevalence of conditions necessitating radiation-based diagnosis and treatment, such as cancer, fuels the use of Geiger counters in medical facilities.

Industry Trends:

Growing global nuclear sector drives increased demand for Geiger counters in radiation monitoring and nuclear power plant safety.
Technological advances enhance Geiger counters with improved sensor technology, increased sensitivity, data storage, and integration with other devices for efficient data collection.
Digital and intelligent Geiger counters replace traditional analog versions, offering features like digital displays, data logging, and mobile app compatibility for real-time analysis.
Geiger counters find applications beyond nuclear industry, including medicine, environmental monitoring, laboratories, and manufacturing plants.

Competitive Landscape:

Prominent players within the Geiger counters market are dedicating significant efforts to research and development, aiming to innovate and enhance their services and offerings.

Several other companies are strategically focusing on mergers, acquisitions, collaborations, and partnerships with local entities. These endeavors aim to broaden their product portfolios, tap into specialized expertise, and leverage additional resources, expediting the development of cutting-edge technologies.

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Illustrative Examples:

In November 2018, DJI introduced two innovative products: the Zenmuse XT2 thermal imaging sensor for drones and a growth kit facilitating the integration of custom sensors, components, and payloads onto drones. In 2015, SoftBank introduced a groundbreaking radiation-detecting mobile phone, the Pantone 5 107SH. Notably, it became the world’s first mobile phone equipped with a built-in Geiger counter, capable of accurately measuring radiation levels with a precision of 20%.

Key Players in the Industry:

Arrow-Tech
ECOTEST
FLIR Systems
Fuji Electric
Gamma-Scout

Market Segmentation:

Type:

Handheld Geiger Counters
Benchtop Geiger Counters
Wearable Geiger Counters

Application:

Healthcare
Industry & Manufacturing
Defense
Others

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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.

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Global Gate Valve Market Set to Surpass US$ 24.3 Billion by 2033 with a Consistent 5.0% CAGR | Future Market Insights, Inc.

The global gate valve market is poised for significant expansion, with anticipated revenues reaching US$ 14.8 billion in 2023. Industry projections indicate a steady Compound Annual Growth Rate (CAGR) of 5.0% from 2023 to 2033. This trajectory positions the gate valve market to achieve a noteworthy pinnacle of US$ 24.3 billion by the conclusion of this assessment period, highlighting its resilience and substantial potential for expansion.

Key to this growth narrative are the strategic initiatives undertaken by industry leaders. These market pioneers strategically focus on capitalizing on opportunities within offshore and chemical gate projects, effectively positioning themselves to enhance their presence and market dominance within the gate valve sector. Their forward-thinking endeavors align seamlessly with the increasing demand for gate valves in critical industries such as energy, oil and gas, and chemical processing.

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Gate Valves: Essential Components for Oil & Gas Sector Operations

Gate Valves play a pivotal role within the oil & gas sector, acting as crucial tools for controlling the flow of hydrocarbons during exploration, drilling, and production endeavors. These valves find extensive usage in key infrastructure elements such as wellheads and Christmas trees, where they assume the responsibility of managing oil & gas flow, upholding safety standards, and preventing potential leaks.

The versatile application of Gate Valves spans across both the upstream (exploration and production) and midstream (transportation and storage) segments of the oil & gas industry. In the upstream domain, these valves are strategically placed at wellheads and production facilities. Meanwhile, within the midstream sector, Gate Valves find their role in pipelines and storage tanks, facilitating the smooth transportation and storage of fluids.

Key Insights from Gate Valve Market Analysis:

Sales of Gate Valves witnessed strong growth with a CAGR of 4.8% from 2018 to 2022.
The wedge Gate Valves segment is expected to hold a significant market share of 45.4% by 2023 based on disc type.
The oil & gas segment is projected to create a considerable absolute dollar opportunity of US$ 2,634.9 Million in 2023, in terms of end-use applications.
Geographically, North America is poised to contribute substantially, accounting for more than 24.7% of the total market value in 2023.
Brazil is anticipated to generate an incremental opportunity of US$ 354.7 Million in 2023.

Prominent Players in the Gate Valve Market:

Emerson Electric Co.
Flowserve Corporation
AVK Holding A/S
Velan Inc.
DeZURIK Inc.
Zhejiang Zhongcheng Valve Co. Ltd.
Crane Co. Ltd
Tecofi
Weir Group PLC
Bray International
Others

Recent Noteworthy Developments:

Weir Minerals introduced the Isogate WR knife gates valve in March 2012, offering a substantial enhancement in valve performance for mine and aggregates operators.
AVK Valves launched four new sizes of Gate Valves featuring PE ends with outer pipe dimensions of 450, 500, 560, and 630 mm in February 2020. These additional sizes are available in PN10 and PN16 in black/blue basic pipes.

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Gate Valve Market Segmentation:

By Disc Type:

Wedge Gate Valve
- Solid Wedge
- Flexible Wedge
- Split Wedge
Parallel Slide Gate Valve
Knife Gate Valve
Slab Gate Valve

By Valve Material Used:

Cast Iron
Steel
- Carbon Steel
- Stainless Steel
- Alloy Steel
- Cast Steel
Brass
Bronze
Plastic
- PVC
- CPVC
- PP
- Others

By Size:

0.25 inch to 2 inch
3 to 12 inch
14 to 30 inch
More Than 30 inch

By End Use:

Oil & Gas
- Upstream
- Midstream
- Downstream
Water and Wastewater Treatment
- Flow Control
- High-pressure Applications
- Corrosive Fluid Handling
- Others
Chemical and Petrochemical
Power Generation
- Steam System
- Cooling System
- Fuel Supply System
- Others
Mining and Minerals
HVAC
Marine and Shipbuilding
Others

By Region:

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

Contact Us:

Nandini Singh Sawlani

“Virtual Mobile Infrastructure Market Thrives with Global Sales Reaching US$ 155.7 Million in 2023, Forecasting a Projected Growth of 8.3% to US$ 346.6 Million by 2033

According to a recently published market study report by Future Market Insights, the virtual mobile infrastructure market had global sales of US$ 155.7 million in 2023. The market is anticipated to increase by 8.3% between 2023 and 2033, reaching a valuation of US$ 346.6 million. Services are predicted to generate the highest amount of revenue between 2023 and 2033, with a CAGR of 8.3%.

Some of the factors driving the growth of the global Virtual Mobile Infrastructure Market include improved information security, cheaper hardware and running costs, and simplified services of the flexible work environment through a single control center. Virtual Mobile Infrastructure is a method of storing the working configuration of a portable device in the cloud. When virtualized infrastructure is installed, the application begins to run on a virtual machine in the central server.

Over the forecast period, the market for mobile virtual network operators is likely to be driven by the increased usage of data and value-added offerings such as online broadcasts and M-commerce-based services. Increased smartphone adoption and the resulting increase in mobile subscriber base are expected to significantly boost to industry development.

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Mobile virtual network providers offer a wide range of consumer demands, however, they do not control the whole infrastructure or radio frequency license. It improves security by removing the need for employees to download a mobile app or keep sensitive company data on their mobile devices, such as smartphones and tablets. Furthermore, virtual mobile infrastructure enables administrators to centrally set up and deploy multiple mobile workplaces to their employees, making mobile workplace administration simple and efficient.

“The increased usage of data and value-added services such as online broadcasts and M-commerce based services is boosting the market for services in Virtual Mobile Infrastructure.” comments a Future Market Insights analyst.

Competitive Landscape

Lebara Group, Lyca Mobile, TalkTalk Group, Giffgaff, Poste Mobile SpA, Virgin Mobile, and TracFone Wireless Inc. are the key players in the virtual mobile infrastructure market.

Some of the key developments in the virtual mobile infrastructure market include:

In October 2021, Avast Safe Browser PRO, a premium edition of their safe browser, has been introduced by Avast, the company behind one of the most popular antivirus programs.
In September 2021, Trend Micro Incorporated, launched a new safe room for Indian cloud users. To be sovereign and private, will assist the country in storing data securely within it.

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More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Virtual Mobile Infrastructure Market, presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in Virtual Mobile Infrastructure Market in terms of Component (Platforms, Services), Deployment Type (Cloud, On-premises), and Vertical (BFSI, Healthcare, Manufacturing, IT and Telecom, Government, Others), across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

Market Segments Covered in Virtual Mobile Infrastructure Market Analysis

By Component:

Platforms
Services

By Deployment Type:

Cloud
On-premises

By Vertical:

BFSI
Healthcare
Manufacturing
IT and Telecom
Government
Others

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About Future Market Insights (FMI)

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Pet Treat Market Set to Reach US$ 122.1 Billion by 2032: Analysis of Growth Drivers, Market Trends

In 2022, the pet treat market is anticipated to be worth US$ 70.1 billion. During the forecast period, sales are expected to grow at a CAGR of 5.7%, reaching a value of US$ 122.1 billion by 2032. According to new data from Future Market Insights (FMI), pet treat demand is expected to expand 5.5% year on year (Y-o-Y) in 2022.

Customers believe that raw organic meals are the best choice for their pets because processing can lose both nutrients and enzymes. They are also concentrating on freeze-dried organic pet food pieces and specialty kibbles, which is pushing organic pet food producers to provide clean-labeled organic pet food, human-grade organic pet food, organic pet food that is focused on the keto diet, as well as organic pet food made from sustainable food sources.

As pet owners prioritise providing natural and chemical-free nutrition for their cherished animals, the market for organic pet food is rapidly rising. Organic pet food is growing more popular in the market due to increased consumer awareness of its ethical and health benefits, which is supporting its rise in the pet care sector.

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Dog as pet type, adult pet life-stage, medium pet size, raw packaged items, flavored products, and online retail sales channel segments are the most lucrative segments in the global organic pet food market.

“Increasing awareness regarding digestive issues in pets due to harmful effects of processed pet food products, along with high demand for flavorful pet food products across emerging economies will boost the market over the assessment period,” says and FMI analyst.

Key Takeaways

Based on pet-life stage, sales of adult organic pet food are forecast to gain traction through 2032.
The global organic pet food demand is projected to grow year-on-year (Y-o-Y) by 5.7% in 2022.
The U.S. is expected to dominate the North America organic pet food market over the assessment period.
Germany will emerge as a lucrative pocket in the Europe organic pet food market through 2032.
China is expected to account for a lion’s share in the East Asia organic pet food market over the forecast period.

Competitive Landscape

Purina PetCare (Nestle), Biopet Pet Care Pty Ltd, Evanger’s Dog & Cat Food Company, Inc., Newman’s Own, Inc., and Castor & Pollux Natural Pet works are some of the leading organic pet food manufacturers.

Key organic pet food brands are conducting several research activities and are looking for strategic partnerships, while other brands are focusing on developing applications in the food sector to launch high quality food and beverage solutions. For instance:

In 2020, Primal Pet announced to rebrand its Mixes line in pet food category as Market Mix Raw Toppers. The products are organic with organically sourced from animal protein, bone, and organ (85%) and organic fruits and vegetables (15%).

Explore More Valuable Insights

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

The study offers compelling insights based on pet type (dog, cat, fish, bird, and others), pet life-stage (adult, kitten/ puppy, and others), pet size (small, medium, large, and others), packaging type (raw, powdered, dry & dehydrated, liquid & gravy, canned, frozen & freeze-dried, and others), flavor (unflavoured and flavoured), and sales channel (hypermarkets /supermarkets, convenience stores, discount stores, online retail, and others retail formats), across seven major regions of the world.

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Pet Treat Market by Category

By Pet Type:

Dog
Cat
Others

By Pet Life-stage:

Adult
Kitten/ Puppy
Others

By Product Type:

Granules & Flakes
Chunks & Nuggets
Sticks & Wafers
Kibbles & Pellets
Shredded & Sliced
Others

By Packaging Type:

Raw
Powdered
Dry & Dehydrated
Liquid & Gravy
Canned
Frozen & Freeze-Dried
Others

By Flavor:

Unflavoured
Flavored
- Bacon & Beef
- Chicken & Duck
- Cheese
- Cod & Fish
- Egg
- Fruit & Berries
- Lamb & Pork
- Liver
- Mint
- Peanut Butter
- Others

By Sales Channel:

Hypermarkets /Supermarkets
Convenience Stores
Discount Stores
Online Retail
Others Retail Formats

By Region:

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

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About Future Market Insights (FMI)

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Nandini Singh Sawlani

Global Air Pollution Control Systems Market Set to Exceed US$ 178 Billion by 2033, Driven by a Robust 7.8% CAGR

The global air pollution control systems market is poised for substantial growth, with Future Market Insights forecasting a noteworthy valuation of US$ 84.3 billion in 2023. Positioned for resilient and sustained expansion, the sector anticipates a robust Compound Annual Growth Rate (CAGR) of 7.8% from 2023 to 2033, culminating in an impressive valuation of US$ 178.8 billion by the end of the decade.

This growth is driven by the escalating numbers of vehicles worldwide and the continuous expansion of industrial domains, synergistically contributing to the heightened demand for air pollution control systems. These critical systems play a pivotal role in capturing and eliminating harmful particulates from industrial emissions, fostering a cleaner and more environmentally responsible approach to air quality management.

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Surging Demand for Air Pollution Control Systems Driven by Stricter Regulations and Sustainability Focus:

Governments worldwide are adopting stringent environmental regulations to combat air pollution and harmful emissions. This has spurred the rapid growth of the air pollution control systems market, as industries seek compliant and efficient solutions. The increasing emphasis on sustainability and the transition to cleaner energy sources further propel the demand for air pollution control technologies. Industries are actively striving for reduced carbon footprints and cleaner practices, amplifying the need for air pollution control systems.

Advancements in air pollution control technologies have yielded more effective and cost-efficient solutions. Technological progress in electrostatic precipitators, fabric filters, scrubbers, and catalytic converters has bolstered their performance and attractiveness across diverse industry sectors. As industrialization expands in developing nations, the demand for air pollution control systems continues to surge. Governments and industries in these regions are notably investing in cleaner technologies to address environmental concerns, further driving market growth.

Key Insights from the Air Pollution Control Systems Market:

Anticipated to attain a valuation of US$ 19.8 billion by 2023, the Chinese air pollution control systems market demonstrates robust growth prospects.
Scrubbers are poised to exhibit a commendable 7.7% CAGR from 2023 to 2033, emerging as a promising product segment.
Forecasts by industry experts indicate that air pollution control systems demand will capture a significant 72.60% market share in the United States by 2033.
The United Kingdom’s air pollution control systems market is projected to expand at a notable 7.5% CAGR by 2033.
South Korea’s air pollution control market is predicted to reach a noteworthy US$ 10.2 billion valuation by 2033.
Within the application spectrum, the chemical industry is expected to fuel sales growth with a solid 7.5% CAGR.

Competitive Landscapes:

Air pollution control systems market is characterized by a plethora of prominent players offering an extensive array of products. The competition among these entities is influenced by factors like product innovation and competitive pricing.

These businesses actively engage in Research and Development to cater to customer requirements, introduce novel products, and optimize performance. Market expansion strategies encompass collaborations, mergers, acquisitions, and partnerships to strengthen their foothold in the industry.

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Key Players Operating in the Industry:

Babcock & Wilcox Enterprises Inc.
Beltran Technologies Inc.
Elex aG
Feida Group Company Limited
FLSmidth & Co. A/S
Fujian Long King Co. Ltd.
Hamon
John Wood Group Plc
KC Cottrell Co., Ltd.
Mitsubishi Hitachi Power Systems Ltd

Segmentation Analysis:

By Product:

Scrubbers
Thermal Oxidizers
Catalytic Converters
Electrostatic Precipitators
Others

By Application:

Chemical
Iron & Steel
Power Generation
Cement
Others

By Region:

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

Contact Us:

Nandini Singh Sawlani