Smart Electric Meter Market Surges, Projected US$ 54,254.7 Million by 2032, 10% CAGR

The smart electric meters market is 2022 anticipated to be valued at US$ 20,983.3 million, growing at a CAGR of 10.0%. The market is anticipated to be valued at US$ 54,254.7 million by 2032.

The market for smart electric meters has grown globally as a result of the rising need for precise billing and initiatives to conserve energy. The business environment for the market for smart electric meters has been further enhanced by the electricity network’s quick expansion and the increase in smart grid investment. Utility companies can increase their revenue collection using smart electric meters by improving the accuracy of their invoicing.

A recent development in the market for smart electric meters is the demand for these devices in distribution, automation, and renewable energy integration applications. The market’s demand for smart electric meters will further rise due to a future project on electric vehicle fuel.

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Smart Electric Meter Market: Drivers and Challenges:
The increase in electricity demand is driving the growth of the global smart electric meter market as governments use the technology to reduce energy consumption and make use of available energy to improve access to electricity for people in areas not connected to grid power. Increasing energy prices and growing instances of electricity theft are also drivers that will further boost Smart electric meter demand.

The wireless signals from these smart electric meters lead to health problems making this a major challenge in the market. Other challenges for the smart electric meter market would include regulatory constraints and fierce competition among other players in the global smart meter market.

Smart Electric Meter Market: Competition Landscape

Key Contracts:
In June 2017, Comverge a company famous for its integrated cloud-based demand response, energy efficiency, and customer engagement solutions was acquired by Itron which provides solutions to measure, manage, and analyze energy and water through smart electric meters and smart meters.

In September 2015, Aclara acquired General Electric’s electricity metering business. The acquisition strengthened Aclara’s position in the smart electric meter market. Aclara is famous for its metering in the North American region specifically.

Leading Key Players:
Major industry participants in the Smart electric meter market include Seimens, Itron, Schneider Electric, Landis+GYR, Holley Metering, Iskraeeco, Osaki Electric, Sensus Sentec, Neptune Technology, Honeywell International, Badger Meter, Elster Group and Tableau Software among others.

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Regional Overview:
North America is expected to be the largest market for Smart electric meters due to major growth in the market. The main reason for this is the growth in infrastructure, strict government policies, and the emergence of smart cities.

Asia Pacific is expected to manifest high growth over the foreseeable future. Europe the Middle East and Africa can be seen emerging in this market.

Smart Electric Meter Market Segmentation:

By Product:

  • Smart Electric Meter
  • Smart Water Meter
  • Smart Gas Meter

By End-Use:

  • Residential
  • Commercial
  • Industrial

By Phase:

  • Single
  • Three

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • META
  • Europe

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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Animal Feed Market Is Anticipated To Reach US$ 929.0 billion by 2033: FMI Analysis

Animal Feed Market
Animal Feed Market

According to Future Market Insights (FMI), the global animal feed industry is set to be valued at US$ 530.0 billion in 2023. It is anticipated to reach US$ 929.0 billion by 2033. Over the next ten years, global animal feed demand is likely to increase at a CAGR of 7.3%.

The need for animal protein has increased due to the growing global population. As more people enter the middle class and switch to diets heavy in meat and dairy products, there is an increasing need for the production of livestock and poultry. To accommodate this demand, more animal feed is required.
A portion of the growing demand for animal feed comes from emerging regions’ economies expanding. Due to increased industrialization and urbanization, the populations of countries like China, India, and Brazil are requesting a wider variety of food options. People are eating more meat as a result, which has raised the need for animal feed.

The spread of aquaculture has had a substantial impact on the growth in demand for animal feed. Fish farming has become increasingly popular as a means of meeting the growing demand for seafood around the world.
Feed needs to be high in nutrients for fish to develop properly. The development of aquaculture increases the need for specialized feeds created for different species.

Tailored diets for poultry and cattle have been found to provide advantages in animal nutrition research and improvements. Farmers and producers are realizing the need of providing high-quality, balanced feed to improve animal health, growth rates, and output quality. As a result of increased awareness, the demand for specialty feed items is growing and feed formulations are becoming more sophisticated.

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Global demand for animal feed is on the rise, in part due to ongoing expansion of the pet food sector. Demand for premium pet food has soared as more people acquire pets and cherish them as beloved family members.

A sizable market has been generated for specialty pet food formulations that meet distinct dietary requirements of multiple animal species, including dogs, cats, and exotic pets. Demand for components used in animal feed is increased by the sector’s heavy reliance on it.

High-performance animal breeds that need specialized diet have emerged as a result of improvements in livestock genetics and breeding methods. These genetically enhanced animals have special nutritional needs to sustain their development, output, and general wellbeing.

To address the unique nutritional requirements of these animals, there is a growing demand for customized and specialized animal feed formulations. This trend is especially noticeable in the poultry and dairy sectors, where maximizing production and performance is highly valued.

Key Takeaways from the Animal Feed Market Report:

  • The global animal feed industry elevated at a CAGR of 6.1% from 2018 to 2022.
  • The United States animal feed industry is projected to witness a considerable CAGR of 6.3% in the next ten years.
  • China animal feed industry is anticipated to reach a valuation of US$ 101.6 billion by 2033.
  • The United Kingdom animal feed industry is likely to register a CAGR of 5.4% from 2023 to 2033.
  • By source, the plant-based segment is projected to hold the most prominent animal feed market share in 2033.

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“Through a variety of factors, the retail sector is vital in driving up demand for animal feed. Retail businesses might directly affect consumer choices by providing an extensive selection of animal-based goods. It is hence expected to open door to new opportunities” – Nandini Roy Choudhury, Client Partner at Future Market Insights

Who is winning?

Leading companies are placing a strong emphasis on quality assurance in the global animal feed industry. They are doing this by putting strict testing and quality control procedures into place at every stage of the manufacturing process.

They are further gaining certificates such as good manufacturing practices (GMP) or quality certifications for the production of organic or non-GMO feed. The credibility and confidence of customers can be increased with this tactic.

Brands might additionally distinguish their animal feed products by providing distinctive formulas, specialist ingredients, or particular advantages catered to certain animal species. They can differentiate themselves in the market and satisfy particular needs thanks to this tactic.

In order to address the rising demand for ecologically friendly products, numerous animal feed companies might implement sustainable and eco-friendly procedures. They can use less waste, water, and energy while obtaining materials from sustainable agriculture.

For instance,

  • Evonik declared its intention to release an improved version of Biolys in May 2023. It would be a reliable source of lysine for animal feed. Clients will be able to more efficiently meet the essential amino acid L-lysine needs of their animals.

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Animal Feed Market Outlook by Category

By Species:

  • Poultry (Commercial)
  • Backyard Poultry
  • Ruminants (Cattle, Sheep, Goats)
  • Swine
  • Equine

By Form:

  • Wet/Moist Food
  • Dry Kibble
  • Semi-moist Food
  • Frozen
  • Freeze-dried Food

By Source:

  • Plant-based
  • Animal-based
  • Micro-organisms

By Sales Channel:

  • Direct Sales
  • Indirect Sales
  • Modern Trade
  • Animal Feed Stores
  • Veterinary Clinics
  • Online Retailers

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & AfricaAbout Future Market Insights (FMI)Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

     Contact Us:

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    Future Market Insights Inc.
    Christiana Corporate, 200 Continental Drive,
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    T: +1-845-579-5705
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Chicken Offal Market to Be Worth US$ 2,478 million by 2033| Future Market Insights Inc.

Chicken Offal Market

FMI’s analysis reveals that the global chicken offal market is currently valued at US$ 1,024.6 million in 2023 and is expected to grow significantly, reaching a market valuation of US$ 2,478 million by 2033, exhibiting a CAGR of 9.2% during the forecast period.

“Chicken offal” is the term used to describe internal organs and other parts of a chicken that aren’t often consumed as whole chunks of meat. These ingredients, long disregarded in many Western countries, are now highly sought after by a diverse array of customers and are becoming more and more common in a wide range of international cuisines.

A multitude of factors impact the industry, including the growing recognition of many flavors and ingredients due to the expansion of culinary variety and the globalization of food culture. Because of its distinct flavor and texture, chicken offal has established itself as a staple in a wide range of international cuisines, such as Asian, Middle Eastern, African, and Latin American dishes.

The nutritive worth of offal from chicken has drawn interest. It’s full of high-quality proteins, iron, zinc, vitamins A and B12, and other essential elements. When consumers become more health-conscious and explore for other sources of nutrition, chicken offal offers a seductive substitute.
The market for chicken offal has increased due to its cost-effective and environmentally friendly qualities. By integrating these components, the food industry may encourage environmentally friendly behaviors and cut waste. Furthermore, chicken offal is often a more cost-effective option for consumers on a tight budget than top pieces of meat. Customers who are looking for unusual and specialty foods are open to trying out other protein sources, such as chicken offal. These markets provide customized marketing and services to consumers with particular dietary needs, cultural customs, or health-conscious concerns.

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Key Takeaways from the Chicken Offal Report:

  • The global chicken offal market is expected to reach a valuation of US$ 2,478 million by 2033.
  • Global demand for chicken offal is likely to soar at 9.2% CAGR over the forecast period.
  • Based on organs, the liver chicken offal segment is anticipated to reach a valuation of US$ 802.4 million by 2033.
  • By End-use, the dietary supplement segment is likely to exhibit an 8.6% CAGR during the projection period.
  • North America is projected to hold a dominant value share of 29.4% in the global market by 2033.
  • The Germany chicken offal market is projected to reach a valuation of US$ 294.8 million by 2033.
  • Japan market is estimated to witness a value CAGR of 7.9% during the projection period.

“The chicken offal market is currently in a phase of significant growth and transformation. There are several factors driving this growth, including changing consumer preferences, increasing culinary diversity, and the recognition of the nutritional value of chicken offal. These factors have created new opportunities and demand for chicken offal products in both domestic and international markets.” Nandini Roy Choudhury, Client Partner at Future Market Insights

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Who is Winning?

Natures Farmacy, Primitive Choice, Little Warrior, Proliver, Knowde, IQI Petfood, The Good Scent Company, Herbpowders, PCCA, BNK Products, Baith Market, Lifeasible, Feline Instincts, Perdue Farms, Sanderson Farms, Brand-Pilgrim’s Chicken, Foster Farms, Wayne Farms, Bell & Evans, Gold’n Plump, Kunhe & Heitz are key chicken offal and its product manufacturers listed in the report.

Get More Valuable Insights

Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global chicken offal market presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.

Chicken Offal Market by Category

By Organ:

  • Kidneys
  • Hearts
  • Brain
  • Liver
  • Lungs
  • Blends

By End-use:

  • Food and Beverages
  • Dietary Supplements
  • Pet Food
  • Cosmetics and Personal Care

By Region:

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

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Author by:

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

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

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

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

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

 Contact Us:

Nandini Singh Sawlani
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
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Crispy Revolution Unraveling the Growth and Innovation in the Air Fryer Market A Culinary Transformation from 2023 to 2033

air fryer market
air fryer market

air fryer market Soars Anticipated to rise at a steady 7.7% CAGR, from US$ 896.5 million in 2023 to a substantial US$ 1.9 billion by 2033. Air fryers revolutionize cooking efficiency and kitchen space because to their multifunctional features, technological advancements, and growing health consciousness.

The air fryer market is expected to grow during the course of the forecast period at a consistent CAGR of 7.7%. With a projected revenue of US$ 1.9 billion by 2033, the market is expected to hold a share of US$ 896.5 million in 2023. Growing consumer concerns about fitness and health will continue to be a motivating factor. Products with several cooking functions will be in greater demand.

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The market for small appliances has evolved as a result of enhanced product features and growing consumer interest in cutting-edge technology. As a result, producers have created air fryers that function similarly to traditional ovens. This increases cooking efficiency, makes the kitchen more spacious, and enhances accessibility.

The e-commerce sector’s explosive growth, rising consumer income, and developments in clever cooking technologies are propelling market expansion. Another factor propelling market expansion is the increasing use of air fryers in both the home and commercial sectors.

Cooking appliance manufacturers have been impacted by frantic lifestyles and the resulting desire for healthier diets. Modern air fryers are made to shorten cooking times without sacrificing nutrition as a result. Additionally, market players for air fryers have made significant investments in R&D projects to increase cooking operations’ versatility.

Opportunities for growth are anticipated to arise from consumers’ growing preference for products with eco-friendly and energy-efficient characteristics. The creation of ENERGY STAR criteria to minimise GHG (greenhouse gas) emissions as a result of strict safety regulations created by environmental regulatory organisations like the EPA would have a positive long-term impact on developments.

Key Takeaways

  • The United States is expected to remain a prominent regional market due to high preference for oil-free food amongst health-conscious consumers.
  • Strong growth is emerging from emerging economies of India, China, Saudi Arabia, and Russia, driven by changes in urban lifestyles.
  • In terms of product type, digital air fryer held notable share in the global air fryer industry owing to consistency in food quality.
  • Residential sector is expected to experience steady growth within the global air fryer industry space over the forecast period.

Impact of COVID-19 & 2020 Market Analysis

During the COVID-19 outbreak, air fryer manufacturing companies have been severely impacted owing to disrupted supply chains in terms of raw materials and components. Lockdown restrictions led to short-term halt in production, while sales are bouncing back in 2021. Air fryers are emerging as essential equipment in kitchens with the increasing focus on a healthy lifestyle.

The outbreak has also resulted in substantial growth of categories including cleaning and hygiene products. The growth of the e-commerce sector is also a positive influence as companies focus on expanding their distribution networks to online channels to cater to surging consumer demand. However, brick and mortar retail stores suffered through the Covid-19 lockdown period. The change in buying patterns bolstered sales through e-commerce platforms, which will continue in the long-term.

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Who is winning?

The report highlights some prominent players in the global air fryer industry, which include Koninklijke Philips N.V, Newell Brands, Inc., Stanley Black & Decker, Inc., Breville Group Limited, Groupe SEB, SharkNinja Operating LLC (CDH Private Equity), Cuisinart Corporation (Conair Corporation, Meyer Manufacturing Company Limited, GoWISE USA (Ming’s Mark Inc.), among others. Market players are primarily focused on marketing campaigns to promote their products and create brand awareness among consumers, with social media campaigns gaining notable traction.

In July 2020, SharkNinja Operating LLC introduced the new Ninja Foodi 2-Basket Air Fryer. The fryer has a two-basket cooking system feature for additional versatility compared with traditional air fryers. The air fryer’s 8-quart capacity and Dual Zone technology helps the user cook two foods in two ways, and finish at the same time.

In 2019, Koninklijke Philips N.V introduced Airfryer XXL with smart sensing technology. The technology simplifies the cooking process with a unique fat removal technology, with the fat being captured in the bottom tray of the fryer for easy disposal. Additionally, the air fryer can bake, grill and roast.

Product launches will remain a key strategy adopted by market players to gain competitive advantage. Leaders in the air fryer industry are introducing products which fulfil the needs of customers.

Air Fryer Market by Category

Device Type

  • Manual
  • Digital

Wattage

  • Below 1200 Watt
  • 1200-1500 Watt
  • 1500-1800 Watt
  • 1800-2200 Wattage
  • 2200 Wattage & Above

End Use

  • Commercial
  • Residential

Price Range

  • Below US$ 25
  • US$ 25 – US$ 100
  • US$ 100 – US$ 200
  • US$ 200- US$ 300
  • US$ 300 & Above

Sales Channel

  • Direct Sales
  • Supermarket/Hypermarket
  • Department Stores
  • Specialty Stores
  • Online Retailers
  • Other Sales Channel

Frequently Asked Questions

  • What is the air fryer industry size?
  • Which end-user segment witnesses most lucrative growth opportunities?
  • Which sales channel will be the most lucrative in future?

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About Future Market Insights (FMI) 

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Single Electron Transistor Market Sets Sights on 9.7% CAGR, US$ 14.7 Billion by 2032

The demand for the single electron transistor market is anticipated to increase at a CAGR of 9.7% throughout the forecast period, reaching an estimated value of US$ 14.7 billion by 2032.

Due to the growing number of switching devices, which are used to regulate electron tunnelling to amplify current, the market share of single electron transistors is likely to rise.

Single electron spectroscopy, ultrasensitive microwave detectors, infrared radiation detection, and other digital and analogue fields are expected to see an increase in demand for single electron transistors, which is expected to propel the growth of the single electronic transistor market.

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The Single Electron Transistor (SET) is a type of electronic device that operates by controlling the flow of individual electrons through a semiconductor material. SETs have the potential to revolutionize the electronics industry by providing low-power, high-speed computing solutions.

The global single electron transistor market is expected to grow significantly in the coming years, driven by factors such as increasing demand for high-performance computing, growing adoption of Internet of Things (IoT) devices, and the need for low-power consumption in electronic devices.

The Asia Pacific region is expected to be the fastest-growing market for SETs due to the increasing adoption of IoT devices and the growing demand for high-performance computing solutions in countries such as China, Japan, and South Korea.

the single electron transistor market is poised for significant growth in the coming years, driven by the increasing demand for high-performance computing and the need for low-power consumption in electronic devices.

Who are Some of the Prominent Rivals in the Single Electron Transistor Market?
The single electron transistor market is consolidated by the key prominent rival to expand their business all around the globe. These key players along with the manufacturers are making several marketing tactics to boost the single electron transistor market size during the forecast period.

Numerous strategies are implemented by market players to improve their position in the market. Some of these strategies include mergers, acquisitions, product launches, and partnerships among others to boost the single electron transistor market.

Recent Development in the Single Electron Transistor Market are:
The newly launched single electron transistor is beneficial to maintain the thermal power and keep the electron temperature below the Coulomb energy.

Leading Key Players:

  •  Supracon AG
  •  Continental Device India Limited
  •  ON semiconductors
  •  4 Star Electronics Pvt Ltd
  •  Toshiba Schneider Inverter Corporation

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Single Electron Transistor Market Segmentation:

By Transistor Type:

  • Metallic
  • Semiconducting

By Application:

  • Single electron memories
  • Infrared radiation detection
  • Ultrasensitive Microwave detectors
  • Supersensitive Electrometers

By Regions:

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

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

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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Automotive Variable Oil Pump Market Demand Expected to Reach US$ 10.6 Billion by 2030

The global automotive variable oil pump market demand is expected to reach US$ 10.6 billion by year 2030. Consumers’ rising spending power and the soaring demand for passenger cars are projected to fuel market expansion.

The Automotive Variable Oil Pump Market involves the production, distribution, and sale of variable oil pumps used in automotive engines for efficient oil management. These pumps are designed to vary the flow rate and pressure of oil according to engine speed, load, and operating conditions, optimizing lubrication, reducing energy consumption, and improving fuel efficiency.
Here’s an overview of the Automotive Variable Oil Pump Market:

Market Overview:

Scope: The market encompasses a range of variable oil pumps designed for various types of internal combustion engines, including gasoline, diesel, and hybrid powertrains, used in passenger cars, light trucks, commercial vehicles, and off-highway vehicles.

Key Players: Major players in the market include automotive component manufacturers, engine system suppliers, and technology companies specializing in oil pump design, production, and integration.

Market Dynamics: Factors such as increasing vehicle electrification, emission regulations, fuel efficiency requirements, and advancements in engine technology drive demand and innovation in the automotive variable oil pump segment.

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Market Trends:

Electrification and Hybridization: The increasing electrification and hybridization of automotive powertrains drive demand for variable oil pumps optimized for hybrid and electric vehicle (EV) applications, including oil cooling systems, thermal management, and lubrication control for electric motors and battery packs.

Engine Downsizing and Turbocharging: The trend towards engine downsizing and turbocharging in gasoline and diesel engines creates opportunities for variable oil pumps to improve lubrication efficiency, manage increased thermal loads, and enhance engine performance under high-temperature, high-speed operating conditions.

Start-Stop Systems: Integration of start-stop systems in automotive engines requires variable oil pumps capable of providing instant oil pressure and lubrication upon engine restart, minimizing wear and reducing emissions during frequent stop-start cycles in urban driving environments.

Oil Viscosity Control: Advancements in oil viscosity control and management technologies enable variable oil pumps to optimize oil viscosity and flow characteristics according to engine temperature, load, and speed, improving engine efficiency, reducing friction, and enhancing fuel economy.

Integrated Powertrain Solutions: Automotive OEMs and component suppliers increasingly offer integrated powertrain solutions that combine variable oil pumps with other engine components, such as variable valve timing systems, turbochargers, and direct injection systems, to optimize powertrain performance and efficiency.

Adoption of Electric Oil Pumps: The adoption of electric oil pumps as part of electrified powertrains, mild hybrid systems, and electrified accessory drives increases demand for variable oil pump solutions with integrated electric motor-driven pump units, enhancing overall powertrain efficiency and thermal management capabilities.

Market Drivers:

Fuel Efficiency Regulations: Stringent fuel efficiency and emission regulations worldwide drive the adoption of variable oil pumps and other engine technologies to improve fuel economy, reduce CO2 emissions, and comply with regulatory standards.

Engine Performance Requirements: The demand for higher engine performance, power density, and torque output in modern automotive engines necessitates advanced lubrication systems, including variable oil pumps, to ensure adequate lubrication, cooling, and friction reduction under demanding operating conditions.

Customer Demand for Efficiency: Consumer demand for fuel-efficient vehicles and reduced operating costs motivates automotive manufacturers to integrate variable oil pumps and other efficiency-enhancing technologies into their vehicle lineup to meet customer expectations and market demands.

Technology Advancements: Continuous advancements in variable oil pump technology, including improved pump designs, materials, control algorithms, and electronic systems, drive innovation in the automotive lubrication segment, offering enhanced performance, reliability, and efficiency benefits for vehicle manufacturers and consumers.

Environmental Awareness: Growing environmental awareness and sustainability concerns among consumers, regulators, and industry stakeholders emphasize the importance of energy-efficient technologies, such as variable oil pumps, in reducing vehicle emissions and environmental impact throughout the vehicle lifecycle.

Cost Savings and ROI: The potential for cost savings, return on investment (ROI), and total cost of ownership (TCO) benefits associated with variable oil pumps, including fuel savings, reduced maintenance costs, and extended engine life, incentivize automotive OEMs and fleet operators to adopt these technologies for their vehicles.

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Automotive Variable Oil Pump Market: Participant Insights

The automotive variable oil pump market is fairly competitive, with the presence of key market participants that have expertise in advanced manufacturing techniques. Market stakeholders in developing markets are poised to expand their business operations and increase value-addition in their product offerings through portfolio rationalization. Furthermore, to endure in the long run, product innovation is one of the key strategies being adopted by market players.

Some of the key market participants in the global automotive variable oil pump market are Continental AG, KSPG AG, Denso Corporation, and Robert Bosch GmbH.

AUTOMOTIVE VARIABLE OIL PUMP MARKET TAXONOMY

The global automotive variable oil pump market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the readers.

Fuel Type

  • Gasoline
  • Diesel
  • Hybrid

Sales Channel

  • OEMs
  • Aftermarket

Vehicle Type

  • Passenger Cars
  • LCVs
  • HCVs

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.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

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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Cat Food Toppers Market Surges at 8.7% CAGR, Eyeing US$ 6,700.2 Million by 2032 | FMI

With a predicted CAGR of 8.7% from 2022 to 2032, the cat food toppers market is expected to grow from its estimated US$ 2,910.9 million in 2022 to around US$ 6,700.2 million by 2032. In the cat food market, cat food toppers have a market share of between 12% and 17%. It is anticipated that as pet owners look for ways to increase the nutritional content of their pets’ food, demand would soar in the market.

As per Future Market Insights (FMI), the sales in cat food toppers market is expected to surge with growing awareness of the ingredients used in pet food items. Cat owners are becoming increasingly aware of the health advantages of natural and organic cat food products, therefore, generating high demand for organic and natural cat food products. Cat owners also prefer food that is devoid of artificial colors and preservatives while also being nutritious for their cats.

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Observing the rising trends for organic cat food products, the manufacturers are expanding their product portfolio to offer organic cat food products and to cater to the needs & requirements of cat owners. The manufacturers are heavily investing in research to develop superior quality and high nutritional organic cat toppers.

For instance, in 2021, The Honest Kitchen, a manufacturer of natural pet meals, toppers, treats, and vitamins, launched a 100% human-grade cat food portfolio. The new product line includes dehydrated, dry, and wet feeds that are comprehensive and balanced. Along with this, they also introduced toppers, snacks, and a hydration booster. The company made the limited number of items currently available at independent supply stores, websites, and approved e-commerce distributors.

Further, the global cat food toppers market is estimated to expand at a CAGR of over ~8.7% during the forecast period of 2022-2032, and it is estimated to be valued at US$ ~6,700.2 Mn by the end of 2032.

Key Takeaways from the Cat Food Toppers Market Study

  • North America and Europe together are expected to hold a share of around 66.0% in the global cat food toppers market.
  • Based on product type, dry topper segment is expected to witness fastest growth over the forecast period.
  • In terms of packaging type, pouches and bags will collectively witness high demand in the global cat food toppers market.
  • Based on sales channel, the sales from hypermarkets and supermarkets segment is anticipated to grow at a CAGR of ~6.5% during the forecast period.
  • Online retails segment is anticipated to rise at a CAGR of ~11.3% in cat food toppers market.

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“Cat food topper manufacturers are formulating strategies and sales channels for the expansion of their product line to cater to all types of cat breed requirements. Key players are focusing on innovation in product portfolio to improve the shelf life and for the customisation of the product.” Says an FMI analyst.

Who is winning?

Leading manufacturers of cat food toppers are focused on aggressive promotional strategies, advertisements, and new product launches that have driven sales growth of cat food toppers market globally.

Major players present in the cat food toppers market Stella & Chewy’s, The Honest Kitchen, Blue Buffalo Co., Ltd., Nature’s Variety, Merrick Pet Care, Inc., Castor & Pollux Natural Petworks, Mars Incorporated, Only Natural Pet, Petco Animal Supplies, Inc. (WholeHearted), Applaws Natural Cat and Dog and Cat Food, and Tiki Pets among others.

Global Cat Food Toppers Market by Category

By Product Type:

  • Dry Topper
  • Wet Topper

By Packaging Type:

  • Pouches
  • Bags
  • Can
  • Bottles & Jars

By Packaging Size (in Ounces):

  • 0-10
  • 10-20
  • above 20

By Life Stage:

  • Kitten
  • Adult

By Sales Channel:

  • Hypermarkets/Supermarkets
  • Stores
  • Pet Specialty Stores
  • Independent Grocery Retailers
  • Drugstores
  • Online Retailers
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

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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RF Duplexer Market Hits US$ 21,623.5 Million Mark, Forecasts Robust 10.7% CAGR up to 2032

The global RF duplexer market is anticipated to grow at a rate of 10.7% CAGR, bringing in US$ 7,847.3 million in revenue in 2022 and rising to US$ 21,623.5 million by 2032. The cellular industry is expanding quickly as a result of rising lifestyle spending in developing nations.

The demand for wireless communication and military applications is increasing, which is what is driving the growth of the RF duplexer market. Given that they enable bi-directional communication, RF duplexers are currently in higher demand in electronic devices like smartphones, tablet computers, set-top boxes, and portable PCs. As a result, it is encouraging the use of wireless communication and military technology.

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RF Duplexer Market: Dynamics:
Rising deployment of LTE networks and increasing demand for RF duplexers in many wireless communication devices is expected to boost the RF Duplexer market. The development of mobile computing devices with advanced functions and multiple wireless bands has created complexity in RF devices.

This complexity in RF devices can be a restraining factor for the RF duplexer market. The emergence of automated and integrated solutions in electronic devices is the upcoming trend in the RF duplexer market. 

Leading Key Players:

A few prominent players in the RF Duplexer market include-

  • Bird Technologies
  • Arrow Electronics, Inc.
  • CTS Corporation
  • Qorvo, Inc.
  • Wainwright Instruments GmbH
  • Anatech Electronics, Inc.
  • Microwave Filter Company Inc.
  • Renaissance Electronics & Communications, LLC
  • TDK Corporation
  • DFINE Technology Co., Ltd.
  • Westell Technologies, Inc. and
  • Broadcom Ltd.

Emerging Trends in the RF duplexer market are brought about as a result of the major players’ adoption of several growth strategies, including product launches, acquisitions, and collaborations.

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RF Duplexer Market: Regional Outlook:
North America is expected to hold the largest share of the RF duplexer market due to the increasing wireless communication industry in this region. Asia Pacific is the fastest-growing region due to technological advancement in the wireless industry that creates huge opportunities in the cellular segment which is expected to contribute to major growth in the RF duplexer market.

Europe is projected to contribute to the growth of the RF duplexer market in the forecast period due to the presence of RF duplexer providers in countries such as Italy, the UK, and Germany. 

RF duplexer Market Segmentation:

By Product Type:

  • Indoor Monitor
  • Outdoor Monitor

By End-User:

  • Petrochemicals
  • Residential
  • Commercial
  • Power Generation
  • Other End Users

By Pollutant Type:

  • Physical Pollutants
  • Chemical Pollutants
  • Biological Pollutants

By Sampling Method:

  • Manual
  • Continuous
  • Intermittent

By Region:

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

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

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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Copper Coated Films Market: Projected Growth at a CAGR of Around 7%-9% by 2032

Copper Coated Films Market

In 2021, the global copper-coated films market boasted a market revenue of US$ 3 billion. Projections indicate a substantial surge in demand, surpassing a valuation of US$ 9 billion, with growth expected at a Compound Annual Growth Rate (CAGR) ranging between 7% to 9% throughout the forecast period spanning from 2022 to 2032. This anticipated growth underscores the rising utilization of copper-coated films across various industries, driven by their superior conductivity and protective properties. As technological advancements continue to drive innovation and enhance product performance, the market for copper-coated films is poised for significant expansion in the coming years.

According to Future Market Insights (FMI), North America is poised to assert dominance in the global copper-coated films market, with the United States leading the charge in this region. This leadership can be attributed to several key factors.

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Firstly, the United States is experiencing a surge in the use of artificial intelligence (AI) chips and 3D sensors across a range of consumer electronic devices, including smart TVs, smartphones, and wearable gadgets. The incorporation of smart technology and the introduction of augmented reality experiences are driving the market’s growth in this tech-savvy nation.

Furthermore, the adoption of electric vehicles (EVs) is on the rise, and North America boasts the presence of prominent EV manufacturers, including industry giant Tesla. This trend is creating substantial opportunities for the copper-coated films market as these films are utilized in various components and technologies within EVs. Consequently, the region’s progressive technological landscape and the growing EV market make it a promising hub for copper-coated film applications.

Market Competition-

Key players operating in the global copper coated films market include

  • Dunmore Corporation,
  • Remtec Inc.,
  • Avery Dennison Corporation, among others.

Leading players are adopting business strategies such as acquisitions, mergers, collaborations, and partnerships to expand their consumer base. Some of the players are focusing on advancing their manufacturing technologies to improve the product line.

Market Drivers:

  1. Growing Demand in Electronics Industry: Copper-coated films find extensive use in the electronics industry for applications such as flexible printed circuit boards (PCBs), antennas, RFID tags, and electromagnetic interference (EMI) shielding. The expanding electronics sector, driven by advancements in consumer electronics, telecommunications, and automotive electronics, is a significant driver for the market.
  2. Rising Demand for Lightweight Materials: As industries seek lightweight and flexible materials to enhance product performance and reduce manufacturing costs, copper-coated films offer a viable solution. Their lightweight nature coupled with good electrical conductivity makes them ideal for various applications, including aerospace, automotive, and packaging.
  3. Increasing Adoption of Electric Vehicles (EVs): With the global shift towards electric vehicles, there’s a growing demand for copper-coated films in battery technologies, electrical wiring, and components due to their excellent conductivity and lightweight properties. The EV market’s expansion is expected to fuel the demand for these films further.
  4. Advancements in Nanotechnology: Technological advancements, particularly in nanotechnology, have enabled the development of thinner and more efficient copper-coated films with enhanced properties such as improved conductivity, flexibility, and durability. These innovations drive market growth by expanding the range of applications and improving overall performance.
  5. Rising Focus on Sustainable Packaging Solutions: The increasing awareness of environmental sustainability is driving demand for eco-friendly packaging materials. Copper-coated films, when used in packaging applications, offer benefits such as recyclability and extended shelf life, thereby aligning with the sustainability goals of various industries.

Market Restraints:

  1. High Cost of Production: The production of copper-coated films involves sophisticated manufacturing processes, including vacuum deposition or electroplating, which can be capital-intensive. Additionally, the fluctuating prices of copper, a primary raw material, can impact production costs, posing a challenge for manufacturers.
  2. Limited Flexibility in High-Temperature Applications: While copper-coated films exhibit excellent electrical conductivity and flexibility at room temperature, their performance may degrade at high temperatures. This limitation restricts their suitability for certain applications, particularly those subjected to elevated temperatures or thermal cycling.
  3. Challenges in Adhesion and Coating Uniformity: Achieving uniform coating thickness and ensuring proper adhesion of the copper layer onto the substrate can be technically challenging, especially for complex-shaped or textured surfaces. Inconsistent coating quality may affect the functional performance of the films, leading to reliability issues in electronic and other applications.
  4. Competition from Substitute Materials: Copper-coated films face competition from alternative materials such as conductive polymers, graphene-based films, and other metal coatings. These substitutes offer unique properties and may present cost advantages in certain applications, thereby posing a threat to the market share of copper-coated films.
  5. Environmental and Regulatory Concerns: The use of copper in manufacturing processes raises environmental and regulatory concerns, particularly regarding waste disposal and potential environmental impact. Compliance with regulations governing the use, handling, and disposal of copper-coated films adds complexity and may increase operational costs for manufacturers.

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Which are the Factors Limiting the Sales of Copper Coated Films Market?

Use of aluminum foils and copper foils due to their bond strength, flexibility, and conductivity is increasing in the automotive, aerospace, military, and manufacturing sectors. This is expected to limit the sales of copper coated films in the near future.

Also, the fluctuating prices of copper and lack of availability and supply in the developing economies might hinder the growth in the market. Furthermore, changing need for high battery energy density, conductivity, and other features to enhance the efficiency and durability of various equipment is projected to inhibit the demand for copper coated films.

Key Segmentations:

Thickness:

  • Up to 25 Micron
  • 25-50 Micron
  • 50-100 Micron
  • More than 100 Micron

Substrate Material:

  • Polyamide (PA)
  • Polyethylene terephthalate (PET)
  • Woven and Non-Woven Fabrics
  • Others (Aluminum, etc.)

Application:

  • Lamination
  • Decoration
  • Labelling
  • Insulation

End Use Industries:

  • Automotive
  • Electrical & Electronics
  • Industrial
  • Others

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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.

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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Marine Fin Stabilizer Market Projected CAGR of 12.1% to Reach US$ 26.1 Billion by 2033

The global marine fin stabilizer market is anticipated to reach a valuation of US$ 8.3 billion in 2023, driven by the growing marine market culture. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 12.1% between 2023 and 2033, and reaching a total valuation of around US$ 26.1 billion by 2033.

The Marine Fin Stabilizer Market involves the manufacturing, distribution, and installation of fin stabilizers used in marine vessels to reduce roll motion and improve stability, comfort, and safety while navigating through water. Fin stabilizers are hydrodynamic devices mounted on ships and boats to minimize rolling motion caused by waves and sea conditions, enhancing onboard comfort for passengers and crew, and reducing the risk of seasickness and vessel fatigue. Here’s an overview of the Marine Fin Stabilizer Market:

Market Overview:

Scope: The market encompasses a range of fin stabilizers designed for various types of marine vessels, including cruise ships, yachts, ferries, commercial vessels, offshore support vessels, naval ships, and luxury superyachts.

Key Players: Major players in the market include marine equipment manufacturers, shipbuilders, naval architects, and suppliers specializing in stabilizer systems, hydrodynamic engineering, and marine technology solutions.

Market Dynamics: Factors such as the growth of the marine industry, increasing demand for passenger comfort and safety, regulatory requirements, and advancements in stabilizer technology drive demand and innovation in the marine fin stabilizer segment.

Market Trends:

Demand for Comfort and Safety: Increasing demand for passenger comfort and safety drives the adoption of stabilizer systems in cruise ships, yachts, and passenger vessels to mitigate seasickness, reduce motion sickness, and enhance onboard experiences for passengers and crew.

Vessel Size and Complexity: Growing trend towards larger, more complex vessels, including cruise liners, megayachts, and offshore platforms, creates opportunities for advanced stabilizer systems with higher performance capabilities, improved control features, and integrated automation.

Environmental Regulations: Compliance with environmental regulations and emission standards in the maritime industry incentivizes the adoption of energy-efficient stabilizer technologies, such as retractable fins, advanced control algorithms, and hybrid propulsion systems, to reduce fuel consumption and minimize carbon emissions.

Technological Innovations: Ongoing research and development efforts focus on technological innovations in stabilizer design, materials, and control systems, including active fin control, real-time motion prediction, adaptive control algorithms, and advanced sensor technologies for optimized stabilization performance.

Digitalization and Connectivity: Integration of digitalization, connectivity, and data analytics capabilities into stabilizer systems enables remote monitoring, predictive maintenance, and performance optimization of stabilizer functions, leveraging data-driven insights and condition-based maintenance strategies.

Customization and Integration: Increasing demand for customized stabilizer solutions tailored to specific vessel types, operating profiles, and owner preferences drives innovation in stabilizer design, integration, and installation, offering flexibility and adaptability to diverse maritime applications.

Market Drivers:

Passenger Expectations: The growing expectations of passengers and guests for comfort, luxury, and smooth sailing experiences on cruise ships, yachts, and luxury vessels drive demand for effective stabilizer systems capable of reducing motion sickness and enhancing onboard comfort.

Safety and Seakeeping Performance: The importance of safety and seakeeping performance in marine vessels, particularly in rough seas and adverse weather conditions, underscores the need for reliable stabilizer systems to improve vessel stability, maneuverability, and safety margins.

Cruise Industry Growth: The expansion of the cruise industry and the increasing popularity of cruise vacations worldwide fuel demand for stabilizer-equipped cruise

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Market Competition

Key players in the marine fin stabilizers market focus on research and development for new product designs of fin stabilizers for merchant vessels, fishing vessels, and coast guard ships. Many companies also focus on strengthening their geographic presence across the globe through partnerships and collaborations with other manufacturers.

  • First order for LNG fuel gas supply systems was received by Mitsubishi Heavy Industries for their high-pressure marine engines for both low and high-pressure types.
  • Kongsberg Maritime announced a contract with Finnish shipyard Rauma marine constructions (RMC) for delivering marine propulsion and steering equipment for passenger ferries.

Key Companies Profiled

  • The Neptune
  • Groupe Foure Lagadec
  • Fincantieri S.p.A
  • SKF Group
  • Western Marine Electronics Inc.
  • Imtra Corp
  • Kongsberg Maritime (RRCM)
  • The NAIAD Dynamics US Inc
  • Mitsubishi Heavy Industries
  • Quantum Marine Stabilizers
  • Matn’s Stabilizers
  • CMC Marine Srl
  • ABT TRAC
  • Rotorswing Marine United Kingdom
  • WTSV Technologies

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Global Marine Fin Stabilizer Market by Category

By Product Type:

  • Retractable fin stabilizers
  • Non- retractable fin stabilizers
  • Anchor or rest stabilizers

By Vessel Type:

  • Passenger Vessels
    • Passenger & Vehicle Ferries
    • Cruise Ships
    • Yachts & Superyachts
  • Naval and Coast Guard Vessels
  • Fishing Vessels
  • Merchant Vessels

By Fit Type:

  • First Fit
  • Retro Fit

By Region:

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

Author

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

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
LinkedInTwitterBlogs | YouTube