Neuromarketing Solutions Market Projected 7.5% CAGR, Crossing US$ 3.2 Billion by 2032

The neuromarketing solutions market which was esteemed at US$ 1.6 billion in 2022, is anticipated to increment at a 7.5% (CAGR) to arrive at US$ 3.2 billion by 2032.

Administrative and cost-, portability, and adaptability-related difficulties related to neuromarketing solutions might block the neuromarketing solutions market’s development before long, regardless of the market’s promising potential.

Neuromarketing is acquiring notoriety in the media, publicizing, and telecoms enterprises. Some notable organizations are spending vigorously in the investigation of different parts of neuromarketing to more likely comprehend their reactions to media and publicizing efforts, which is moving the neuromarketing solutions market. The interest for purchasers to conduct research is likewise filling the development of the neuromarketing solutions market.

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Since viable examination requires a huge example of information, COVID-19’s effect on the neuromarketing solutions industry is supposed to be helpful soon. Since individuals are being restricted to their homes because of the overall lockdown, information gathered from the genuine world, for example, physical shops, will be enormously diminished.

The overall store network was disturbed, and fabricating offices were covered because of regulations authorized by different countries across the world, which influenced the formation of neuromarketing solutions insignificantly.

The market for neuromarketing solutions is divided into functional magnetic resonance imaging (fMRI), magnetoencephalography (MEG), eye tracking, electroencephalography (EEG), and positron emission tomography (PET) based on technology (PET).

The fMRI sector topped the neuromarketing solutions market with a 47.6% share, closely followed by the EEG segment. Although the mobility and expense of fMRI equipment are a worry for end users, the demand for this technology will not be hampered in the next years, assuring the segment’s continuous dominance.

EEG is the second-most often used technology in neuromarketing solutions, and it is projected to stay so in the next years. Shortly, eye tracking is predicted to pique the interest of experts working in the field of advertising research.

The majority of eye-tracking technologies are used in advertising and media studies. Companies that provide eye-tracking solutions are likely to be actively involved in the process of creating improved remote as well as mobile eye-tracking solutions, as a result of which the neuromarketing solutions market is expected to grow at a rapid rate.

Asia Pacific, Europe, the Middle East and Africa, the United States, and South America are the world’s most important regional markets for neuromarketing solutions. Among them, the United States has emerged as the major contributor to the global market for neuromarketing solutions.

The United States is the headquarters of a huge pool of top enterprises operating in this sector. Europe is another important geographical market for neuromarketing solutions globally. Analysts expect that increased investments and economic advancements in the United Kingdom will boost the neuromarketing solutions market in the future years.

The Asia Pacific is expected to see a major increase in its neuromarketing solutions market shortly, with China expected to dominate the Asia Pacific market for neuromarketing solutions. The Middle East and Africa markets are likely to develop slowly, while the South American market will be hampered by regulatory obstacles.

Key Takeaways from the Neuromarketing Solutions Market Report:

  • In the technology sector, Functional Magnetic Resonance Imaging (fMRI) from the neuromarketing solutions market is anticipated to flourish at the quickest CAGR of 8.2% through 2032.
  • The market size for the neuromarketing solutions market in the United States is expected to reach US$ 1201.7 Million by 2032, growing at a CAGR of 8.4% during the forecast period.
  • United Kingdom is anticipated to reach a market size of US$ 411.9 Million in Neuromarketing solutions by 2032, with a CAGR of 8.1% during the forecast period.
  • China’s Neuromarketing solutions market is anticipated to be worth US$ 305.9 Million by 2032, with a CAGR of 9.7% over the forecast period.
  • Saudi Arabia is expected to have a market size for Neuromarketing solutions of US$ 75.6 Million by 2032, with a CAGR of 6.1% during the forecast period.
  • By 2032, Brazil is expected to reach a market size of US$ 46.9 Million in neuromarketing solutions, with a CAGR of 5.5% during the forecast period.

Leading Key Players:

  • E.B Neuro S.P.A
  • Cadwell Industries, Inc
  • Compumedics Limited
  • ISCAN, Inc
  • SR Research
  • IMotions
  • Tobii Technology

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How does COVID-19 influence the Neuromarketing Solutions Market?
The impact of COVID-19 on the neuromarketing solutions market has been significant because individuals have been confined to their houses as a result of the worldwide lockdown, and the data generated from brick-and-mortar showrooms and such has decreased.

The manufacturing of neuromarketing systems is also projected to be harmed because the global supply chain has been disrupted, and manufacturing sites have been shut down completely.

The pandemic has impacted the number of neuromarketing solutions market opportunities prevalent in the industry.

Neuromarketing Solutions Market Segmentation:

By Technology:

  • Functional Magnetic Resonance Imaging
  • Electroencephalography
  • Eye Tracking
  • Positron Emission Tomography
  • Magnetoencephalography

By Region:

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

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:        

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Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Durable Insulated Containers Market: A Robust Ascent with a 6.4% CAGR by 2032

Durable Insulated Containers Market

Expected to demonstrate a robust Compound Annual Growth Rate (CAGR) of 6.4% throughout the forecast period, the durable insulated containers market is set for significant expansion, escalating from US$ 12.1 billion in 2021 to an anticipated valuation of US$ 24 billion by 2032. This forecast underscores the rising demand for reliable and efficient temperature-controlled containers, driven by factors such as increasing focus on supply chain efficiency, temperature-sensitive product transportation, and the growing significance of cold chain logistics across various industries. The market’s trajectory highlights its critical role in addressing evolving needs for safe and effective storage and transportation solutions.

In Europe, the market for durable insulated containers is expected to trail behind North America in terms of sales but exhibit a noteworthy growth rate during the forecast period. Among European nations, Germany is expected to be the most attractive market, accounting for a significant share of the durable insulated containers market.

Looking further east, the rapid growth of end-user industries and the increased transportation of perishable goods in East and South Asia are projected to drive demand for durable insulated containers. China in East Asia and India in South Asia are likely to maintain their leadership in terms of market share and growth rate within the durable insulated containers market throughout the forecast period.

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Competitive Landscape in the Durable Insulated Containers Market-

  • Cold Chain Technologies,
  • Polar Thermal Packaging Ltd.,
  • Cryopak A TCP Company,
  • Sonoco Product Company (ThermoSafe),
  • SAEPLAST AMERICAS INC.,
  • Snyder Industries, Inc. and
  • Alps Synergy Sdn Bhd

are some of the leading participants in the durable insulated containers market.

Key Propellers to the Durable Insulated Containers Market Share

  1. Cold Chain Logistics Expansion : The growth of the cold chain logistics industry in various regions is a significant driver of the durable insulated containers market. The need to transport temperature-sensitive goods, such as perishable foods and pharmaceuticals, has fueled demand for these containers.
  2. Regional Leadership : North America, especially the United States, and regions like East and South Asia, including China and India, are taking the lead in the durable insulated containers market. Their dominance in market share is due to the growing importance of temperature-controlled transportation.
  3. End-User Industry Growth : The rise of end-user industries that rely on durable insulated containers, such as food and pharmaceuticals, is a key factor propelling market share. These industries depend on maintaining product quality and integrity during transportation.
  4. Perishable Commodity Transport : The increased movement of perishable commodities, both regionally and globally, is contributing to the growing demand for durable insulated containers. These containers are essential for preserving the freshness and safety of such goods.

Recent developments of the Durable Insulated Containers Market:

  • Amcor bought Bemis Company Inc. in June 2019. The merged firm will now trade as Amcor plc (Amcor), with the ticker code AMCR on the New York Stock Exchange and AMC on the Australian Securities Exchange.
  • Sonoco bought Can Packaging, a privately held designer and manufacturer of sustainable paper packaging and associated production equipment headquartered in Habsheim, France, in August 2020 for roughly USD 49 million.
  • Huhtamaki acquired 100% control of its joint venture firm Laminor S.A. in Brazil in March 2020. Laminor, which specialises in high-quality tube laminates for oral care applications, was founded in 2002 as a 50–50 joint venture with Bemis Company, which is now a part of Amcor.

Leading Region in the Durable Insulated Containers Market

The forecast period is expected to witness North America taking the helm in durable insulated container sales, thanks in large part to the region’s burgeoning cold chain logistics sector, which serves as a pivotal driver for these container sales.

The durable insulated containers market is poised to see the United States maintaining a substantial market share, while Canada is anticipated to experience robust growth in durable insulated container sales. Meanwhile, Europe is projected to follow North America in durable insulated container sales and is forecasted to display significant growth throughout the forecast period.

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Key Segments For Durable Insulated Containers Market

By Material Type:

  • Polypropylene (PP)
  • Polyvinyl Chloride (PVC)
  • Polyethylene Terephthalate (PET)
  • Polystyrene (PS)
  • Polyurethane (PU)
  • Nylon

By Size:

  • Up to 20 Litre
  • 21 to 50 Litre
  • 51-100 Litre
  • 101-200 Litre
  • Above 200 Litre

By End User:

  • Food
    • Meat, Poultry & Seafood
    • Dairy Products
    • Others
  • Beverages
  • Healthcare & Pharmaceuticals
    • Drugs
    • Vaccines
    • Biological Product
    • Others
  • Specialty Chemicals
  • Others

By Region:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
  • East Asia (China, Japan, South Korea)
  • South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
  • Oceania (Australia, New Zealand)
  • Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

About Future Market Insights (FMI)

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

Contact Us:        

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Market for Robotic Vacuum Cleaners Is Expected to Reach Around US$ 14774.0 Million by 2033 | FMI

The global robotic vacuum cleaners market is expected to reach a market valuation of US$ 4611.1 million by the year 2023, accelerating with a moderate CAGR of 12.3% from 2023 to 2033. The robotic vacuum cleaners market size is anticipated to be valued at about US$ 14774.0 million by 2033 end.

Vacuum cleaner technology has come a long way in the previous few years. Sales of robotic hoover cleaners are rapidly increasing due to their capacity to clean an area without the need for human intervention.

Robotic hoover cleaners can also be equipped with UV sterilisation, mopping and revolving brushes. Some are made to carry out domestic cleaning tasks effectively. Manufacturers are combining security cameras, intercom systems, and other features with robotic hoover cleaners to provide increased performance and efficiency.

Robotic vacuum cleaners are a result of technological advancements enabled by artificial intelligence (AI) and the internet of things (IoT). They can be programmed and operated remotely to execute their cleaning tasks and they are clever enough to do it with minimal human intervention. With their advanced technologies, robots are playing an increasingly essential role in modern society, making human life easier and more comfortable.

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Market players are concentrating on producing more technologically advanced robotic vacuum cleaners using cutting-edge technology such as artificial intelligence (AI) (Artificial intelligence). Samsung Electronics, for example, released an AI robot vacuum cleaner in 2021 that has improved object identification and operation performance due to artificial intelligence (AI) technology.

The BESPOKE Jetbot AI is a smart robot vacuum cleaner designed to clean itself and empty its dust bin. It is the world’s first robot cleaner to be equipped with Intel’s artificial intelligence (AI) solution (Intel Movidius), which enables the robot cleaner to reason independently like humans.

Key Takeaways from the Robotic Vacuum Cleaners Market Study

In terms of robot type, the in-house robot segment is projected to account for 75.9% of the total robotic vacuum cleaners market share in 2021.In terms of mode of charging, auto battery charging type accounts for 70.9% of the total robotic vacuum cleaners market share in 2021.The US is a key market in North America, accounting for 91.5% of robotic vacuum cleaners sales in the region in 2021.The U.K. will emerge as a highly lucrative market within Europe, exhibiting 7.5% CAGR.

“Customers from diverse sectors are increasingly turning to automated products to save time and energy. Within the household sector, the demand for smart home technology is on the rise. This has created ample prospects for the expansion of the robotic vacuum cleaners market,” says an FMI analyst.

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Who is winning?

Leading manufacturers of robotic vacuum cleaners are focused on aggressive promotional strategies, advertisements, and new product launches that have driven sales growth of robotic vacuum cleaners globally.

Major players present in the robotic vacuum cleaners market are iRobot Corporation, LG Electronics, Robert Bosch GmbH, Samsung Corporation, Dyson Ltd., Panasonic Corporation, Xiaomi, ECOVACS, Proscenic, Neato Robotics, Inc., Yujin Robot, Co., Ltd., Hayward Industries, Inc., Pentair plc, Milagrow Business & Knowledge Solutions (Pvt.) Limited. Koninklijke Philips N. V, among others.

Global Robotic Vacuum Cleaners Market by Category

By Robot Type:

  • Outdoor Robot
  • In-House Robot

By Mode of Charging:

  • Manual Charging
  • Auto-Battery Charging

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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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Wavefront Aberrometers Market, Projected to Surpass US$ 53.8 Million by 2032-FMI Projection

The wavefront aberrometers market is expected to develop to a value of US$ 53.8 million by 2032. Wavefront aberrometers are seeing rapid growth in the industry. The wavefront aberrometer market is projected to reach US$ 37.4 million globally in 2022 and grow at a compound annual growth rate (CAGR) of 3.4% from 2022 to 2032, according to FMI Analysts.

With 1000+ market research reports and 1 billion+ data points, Future Market Insights (FMI) serves each and every requirement of the clients operating in the global healthcare, pharmaceuticals, and medical device industries. FMI deploys digital intelligence solutions to offer compelling insights to report buyers that help them in overcoming market challenges, especially at the time of a crisis. Our dedicated team of professionals performs an extensive survey for gathering accurate information associated with the market.

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FMI, in its upcoming business report, elaborates the historical and current scenario of the Wavefront Aberrometers in terms of production, consumption, volume, and value. The report scrutinizes the market into various segments, regions and players on the basis of demand pattern and growth prospects.

Crucial information and forecast statistics covered in the Wavefront Aberrometers report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.

Following government’s measures, particularly social distancing norms and stay-at-home orders, doctors are delaying or postponing elective surgeries unless critical to prevent the spread of the virus to individuals with comorbidities or chronic conditions. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace.

The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Wavefront Aberrometers. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.

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Wavefront Aberrometers market: segmentation

To analyze the Marketing Wavefront Aberrometerseffectively and efficiently, the information has been segregated into key segments and sub-segments.

On the basis of product type:

  • Harmann-Shack wavefront aberrometer
  • Ray tracing wavefront aberrometer
  • Tscherning wavefront aberrometer

On the basis of indication:

  • Hyperopia
  • Myopia
  • Astigmatism
  • Others

Wavefront Aberrometers: Competition Analysis

The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Wavefront Aberrometers. Competitive information detailed in the Wavefront Aberrometers report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Wavefront Aberrometers report.

Key players covered in the report include:

  • Carl Zeiss Meditec
  • Essilor instruments
  • Coburn Technologies, Inc.

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Key Offerings of the Report

  • Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
  • Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
  • Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
  • Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
  • Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Wavefront Aberrometers

Key Segments Profiled in the Wavefront Aberrometers Market

By Product Type:

  • Harmann-Shack wavefront aberrometer
  • Ray tracing wavefront aberrometer
  • Tscherning wavefront aberrometer

By Indication:

  • Hyperopia
  • Myopia
  • Astigmatism
  • Others

By End-User:

  • Hospitals
  • Ambulatory Surgical Centers
  • Specialized Clinics
  • Diagnostic Laboratorie

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia-Pacific
  • Japan

Author By:

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

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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Comprehensive Insights into the Ten-Year Growth Saga of the Pump Controller Market (2023 to 2033)

According to a recent survey published by FMI, the global Digital Pump Controller market is expected to grow at a healthy CAGR during the forecast period between 2023 and 2033. The objective of the report is to uncover micro and macro-economic factors accelerating the sales of Digital Pump Controller over the coming decade.

The study offers a detailed analysis of the market outlook including governing factors and examines the scope of market across various segments including by Product Type, Distribution Channel, End-use & Region. It also offers insights into vital dynamics and their impact on the market across 7 regions and more than 20 countries.

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Advent of Industry 4.0 Technology to Create New Growth Avenues for the Digital Pump Controller Market

Industrial sector is witnessing revolution as manufacturers across the world are extensively emphasizing towards adopting incorporating advanced automation,This is commonly being referred to as Industry 4.0.

With the emergence of industry 4.0, manufacturing facilities are emphasizing on adopting novel technologies such as artificial intelligence, smart manufacturing, internet of things (iot), and machine learning among others. This is expected to create lucrative growth opportunities in the Digital Pump Controller market.

Additionally, increasing government emphasis building a better manufacturing sector and integration of augmented and virtual reality using smart equipment to enhance the output is estimated to propel the demand in the market for coming years.

Key Digital Pump Controller Market Takeaways and Projections

  • The U.S. is estimated dominate the Digital Pump Controller market in North America, accounting for the largest share in the region through 2033.
  • Germany is projected to account for a significant share in the Europe market over the assessment period.
  • China is forecast to hold the lion’s share the East Asia market, projecting the fastest growth in the region between 2023 and 2033
  • India is anticipated to emerge as a highly remunerative market in South Asia, accounting for the largest sales during the forecast period.
  • In terms of Product Type, Distribution Channel, End-use expected to contribute maximum sales in the market, expanding at a robust CAGR during the coming decade.

Report Benefits & Key Questions Answered

  • Digital Pump Controller Historical Market Outlook: Future Market Insight’s analysis examines vital dynamics, such as drivers, opportunities and challenges. It studies their impact on the market over the previous assessment period 2016-2020. The report provides crucial insights to market players to capitalize on opportunities and counter challenges.
  • Digital Pump Controller Demand-Supply Assessment: A latest study published by FMI offers in-depth insights into governing factors facilitating the demand outlook of the Digital Pump Controller market. As per the survey, Digital Pump Controller sales will project steady growth over the forecast period.
  • Digital Pump Controller Market Structure Analysis: The report provides detailed information about tier analysis and the market concentration of the key players in the Digital Pump Controller market. It also categories market players as per Tier 1, Tier 2, and Tier 3 and their market presence in terms of their market share and product portfolio.
  • Digital Pump Controller Consumption by Demographics: The report published by FMI provides consumption by demographics analysis to assist the market players in formulating their marketing strategies on the basis of purchasing power of the customers. It examines changes in consumer behavior and also studies its effect on the demand for Digital Pump Controller.
  • Digital Pump Controller Market Trend Analysis: FMI’s market trend analysis provide detailed insights into current and upcoming trends in the industrial automation industries. It also assist the industry players to identify potentials trends to capitalize on them.

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Competitive Landscape Analysis

The latest study by FMI on the global Digital Pump Controller market gives an exhaustive analysis on the development of existing as well as emerging market players. The detailed analysis on the competitive landscape gives the reader an unbiased view on the latest strategies adopted by leading Digital Pump Controller market players.

The report also profiles some of the leading players operating in the Digital Pump Controller market including:

  1.          Grundfos Pumps Corporation
  2.          Xylem
  3.          Sulzer Ltd
  4.          Spring (Europe) Ltd.
  5.          Precision Digital Corporation
  6.          Kirloskar Brothers Limited
  7.          Dwyer Instruments, Inc.
  8.          C&S Electric Limited
  9.          Valmont Industries, Inc.
  10.          PADMANSHA TECHNOLOGIES PVT. LTD.
  11.          Niagara Solutions
  12.          Proton Power Control

Digital Pump Controller Market Outlook by Category

By Product Type:

  • Constant Pressure Controller
  • Variable Frequency Drive Controller
  • On-off Controllers
  • PID Controller
  • Multi-pump Control System
  • Remote Monitoring Control
  • Smart Control and Automation
  • Fault Detection and Protection
  • PLC Integration
  • Others

By Pump Type:

  • Centrifugal Pump Controllers
  • Submersible Pump Controllers
  • Diaphragm Pump Controllers
  • Gear Pump Controllers
  • Screw Pump Controllers
  • Others

By Power Rating:

  • Low Power (Up to 10 HP)
  • Medium Power (10 to 100 HP)
  • High Power (Above 100 HP)

By Sales Channel:

  • Direct Sales
  • Distributors/Resellers
  • Online Retailers
  • OEM

By End-use:

  • Municipalities and Water Utilities
    • Water Supply and Distribution Systems
    • Wastewater Treatment Plants
    • Sewage Pumping Stations
    • Water Booster Stations
  • Commercial Buildings
    • HVAC Systems
    • Fire Protection Systems
    • Water Supply and Pressure Management
    • Cooling Tower Systems
  • Industrial Facilities
    • Process Water Management
    • Cooling Systems for Machinery and Equipment
    • Boiler Feed Water Systems
    • Chemical Dosing Systems
    • Industrial Wastewater Treatment
    • Others
  • Agriculture and Irrigation Sector
    • Irrigation Systems for Farms and Agricultural Fields
    • Water Supply for Livestock
    • Agricultural Drainage Systems
    • Sprinkler and Drip Irrigation Systems
  • Residential
    • Residential Water Supply Systems
    • Domestic Wastewater Management
    • Swimming Pool Filtration Systems
    • Rainwater Harvesting Systems
  • Oil & Gas
  • Construction
  • Mining
  • Others

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is 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 5,000 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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By 2032, the Air Purifier Market is Projected to Reach a Value of US$ 26.0 Billion | FMI

The global air purifier market is anticipated at US$ 11.5 Billion in 2021. The sector is gaining pace as companies provide technologically improved air purifiers with various wireless technologies. Thereby, garnering US$ 26.0 Billion in 2032, recording a CAGR of 7.8% from 2022-2032.

Over the past ten years, membrane technology has grown in popularity in air purifiers. In order to achieve effective air filtration, membrane filters are created by combining the electrospinning and netting processes with a receptive substrate design. When using ePTFE and UPE membranes in air purifiers, the efficiency and pressure decrease are remarkable.

People are becoming more aware about their health and fitness as a result of increasing health awareness. The impact of air pollution in causing respiratory disorders, such as acute respiratory infections and chronic obstructive pulmonary disease, is well established. Because industrialization, urbanization, and contemporary lifestyles cannot be compromised on, strategies to reduce emissions and reverse the problem of poor air quality are gaining traction. Air purifiers are proving to be the most promising solution for addressing poor air quality.

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The air purifier market has seen a lot of claims made by manufacturers in order to promote their brand and level up the competition. As a matter of fact, consumer purchase patterns are often influenced by company claims.

Producers and brand owners have focusing on improving efficiency and efficacy of their products to woo increasing number of consumers. LG, for example, stated that in 2020, it will produce a one-of-a-kind cover for the PuriCare Wearable Air Purifier that will use the company’s UVnano sterilisation technology to kill 99.99 percent of germs in under 30 minutes using UV-C LED rays.

Air Purifier Market Outlook Compared to Growth Registered in 2016-2020

The outbreak of the novel COVID-19 dampened sales prospects due to restrictions impos4ed on, which also caused disruptions in supply chains activities across various industries. Contrary to this, the unprecedented pandemic outbreak also made people more cautious about air they breathe.

The focus on disinfection and living in a hygienic environment was at its peak during COVID-19, which has helped the air purifier market to recuperate from the pandemic-induced restrictions.

In the coming years, the demand for air purifier will get stronger, especially as consumers exhibit higher willingness to maintain healthy indoor air quality. Driven by this, the global air purifier market will exhibit 11.3% CAGR between 2021 and 2031 in comparison to 8.5% CAGR exhibited in 2016-2020.

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The demand for air purifier for home and offices is predicted to increase significantly over the forecast period. Increasing online penetration of leading air purifier manufacturers will also aid growth in the market.

High installation of air purifiers in schools, hospitals, and other institutions is likely to remain a chief growth driver. The demand from commercial sector will rise as well. More than 80% of the overall revenue from air purifiers is expected to come from the commercial sector. This is owing to manufacturers’ growing efforts to diversify their economies and develop innovative products.

Key Takeaways from the Air Purifier Market Study

  • In terms of technology, HEPA filters account for a major share in the air purifier market. Demand in this category is expected to grow at a CAGR of 4.3% in 2020.
  • Leading companies in the air purifier market will cover nearly 42% of sales.
  • The U.S. will account for maximum demand in North America, sealing its dominance in the global market.
  • Demand in the U.K. will grow at an impressive pace, pushing overall growth in the Europe market.

“As competition continues soaring, market players are likely to focus on making air purifiers smarter. They are integration concepts of artificial intelligence to enable improve machine-human interaction,” says an FMI analyst.

Who is Winning?

Leading manufacturers of air purifier are focusing on aggressive promotional strategies, advertisements, and new product launches to drive sales growth of air purifier globally.

Major players present in the air purifier market are Koninklijke Philips N. V, LG Electronics Inc., Xiaomi Corporation, Afpro Filters B.V., Dyson Ltd., Godrej Appliances, Condair Group AG, Daikin Industries, Ltd., Honeywell International Inc., Whirlpool Corporation, Japan Air Filter Malaysia Sdn. Bhd., Hitachi Limited, Dyson Technology Ltd, and Panasonic Corporation among others.

Global Air Purifier Market by Category

By Technology Type:

  • HEPA
  • Electrostatic Precipitator
  • Ion and Ozone Generators
  • Activated Carbon
  • Other Technologies

By Coverage Area:

  • Below 250 Sq. Ft.
  • 250-400 Sq. Ft.
  • 401-700 Sq. Ft.
  • Above 700 Sq. Ft.

By Region:

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

About Future Market Insights, Inc. (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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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Connected TV’s Market Set for 13.7% CAGR, Eyeing US$ 16.2 Billion in 2032

The connected TV’s market is expected to reach a value of $12.6 billion in 2022 and US$ 16.2 billion in 2032. It is anticipated to demonstrate growth at a CAGR of 13.7% from 2022 to 2032. The demand for connected TVs is expected to increase shortly as more established and emerging firms release TV sets with 8K and 4K resolutions.

The television sector all across the world is facing a deep restructuring. Connected TVs have gained traction over the past few years all over the world. It is a TV set that links to the internet. Connected TVs allow the consumer to access all forms of non-linear web content through a form of remote control. The connected TVs allow users to access social networking sites such as Google, Facebook, and others through Wi-Fi connectivity and offer a facility to record TV programs.

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Due to effectiveness and efficiency, connected TVs have gained various features and have become affordable. With the technology change, these TVs are becoming as suitable as personal computers when it comes to web browsing as well as internet and video browsing.

Apart from this, connected TVs support Ethernet, USB, Wi-Fi, Bluetooth, and flash memory cards from digital cameras and HDMI and other video-audio connections. The global connected TV market shipments and revenue have showcased substantial growth in 2014 and are projected to escalate at a rapid pace during the period 2015-2025.

Global Connected TV’s: Market Segmentation:
The Global connected TV market is segmented based on applications such as internet access, entertainment, and for the purpose of education. Besides this, the global connected TV market is also divided based on capabilities which include internet surfing, live videos, TV broadcasting, program recording, video on demand, and others. It has been observed that one of the major trends arriving in the global connected TV market is the rising acceptance of connected TVs in advertising which aids advertisers in flourishing their customer base. Thus with the advent of connected TV advertisers can grasp the attention of viewers by placing striking advertisements such as multi-screen advertisements.

Global Connected TV Market: Growth Drivers:
Higher spending on electronic items by consumers is one of the major growth drivers of the global connected TV market which is anticipated to bolster the market till 2025. The rising number of technologically developed devices accessible in the market is anticipated to foster the demand for devices that provide multi-functional capabilities to customers and are likely to enhance the adoption of connected TVs. The huge investments in the advancement in technology by the manufacturers as well as the rising significance of the internet in day-to-day activities will fortify the global connected TV market during the forecast period.

Global Connected TVs Market: Regional Outlook:
Geographically, the Global Connected TV market can be divided into major regions which include North America, Latin America, Western and Eastern Europe, Asia-Pacific region, Japan, the Middle East, and Africa.  Due to the maturity of the market and a large number of technology-savvy people, North America and Europe captured a significant share of the global connected TV market in 2014. Gradually connected TVs are gaining popularity in the Asia region with the rising awareness and change in preferences of Asian consumers.  In the next 10 years till 2025, the Asian region will capture the major share in the global connected TV market.

Leading Key Players:

  • Koninklijke Philips NV
  • Apple Inc.
  • Insignia Systems Inc.
  • Samsung Electronics Co. Ltd.
  • Haier Group Corporation
  • Panasonic Corporation
  • Hisense Group Co. Ltd.
  • Westinghouse Electric Corporation
  • VIZIO Inc.
  • TCL Corporation
  • Hitachi Ltd.
  • Sony Corporation
  • LG Electronics Inc.

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The Report covers an exhaustive analysis on:

  • Connected TV’s Market Segments
  • Connected TV’s Market Dynamics
  • Historical Actual Market Size, 2012 – 2015 for Global Connected TV Market
  • Connected TV’s Market Size & Forecast 2016 to 2025
  • Supply & Demand Value Chain
  • Connected TV’s Market Current Trends/Issues/Challenges
  • Competition & Companies Involved in the Global Connected TV Market
  • Technology
  • Value Chain
  • Global Connected TV’s Market Drivers and Restraints

Connected TV’s Market:

Report Highlights:

  • Detailed overview of the parent market
  • Changing market dynamics of the Global Connected TV industry
  • In-depth market segmentation of Global Connected TV’s industry
  • Historical, current, and projected market size in terms of volume and value of Global Connected TV’s industry
  • Recent industry trends and developments in Global Connected TV’s industry
  • Competitive landscape of Global Connected TV’s industry
  • Strategies of key players and product offerings in the Global Connected TV industry
  • Potential and niche segments/regions exhibiting promising growth in Global Connected TV’s industry
  • A neutral perspective toward market performance
  • Must-have information for market players to sustain and enhance their market footprint

Connected TV’s Market Segmentation:

By Device:

  • Smart TV
  • Streaming Media Player

By Resolution Type:

  • HDTV
  • Full HD TV
  • 4K UHD TV

By Inch:

  • 40-50 Inch
  • 30-40 Inch
  • Below 30 Inch
  • Above 50 Inch

By Panel Type:

  • QLED
  • OLED
  • LED
  • LCD

By Price Range:

  • High
  • Medium
  • Low

By End Use:

  • Residential
  • Industrial
  • Commercial
    • Entertainment Services
    • Retail
    • Healthcare
    • Corporates
    • Institutes

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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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Clinical Decision Support Systems Market, Set to Soar and Aim for a Staggering US$ 14.69 Billion by 2033-FMI Projection

The global clinical decision support systems market is anticipated to expand at a moderate rate of 10.4% over the course of the forecast period. As of 2023, the market for clinical decision support systems is estimated to be worth US$ 5.46 billion. By 2033, the market for clinical decision support systems is anticipated to have grown to a peak of US$ 14.69 billion.

The adoption of clinical decision support in the healthcare industry and surging investments in R&D, and innovations in clinical decision support systems increase the demand for the market. Leading clinical decision support system manufacturers are increasingly focusing on introducing novel compact and advanced clinical decision support systems this in turn is anticipated to foster the market growth in the near future.

Also, the growing risk of data privacy and the lack of technically qualified and skilled staff to implement the CDSS and resolve related issues are some of the prominent factors anticipated to hinder the market’s growth during the forecast period.

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Key Takeaways:

  • By product, the integrated CDSS segment is expected to record a 7.7% CAGR by 2032
  • By delivery mode, the on-premises segment to expand at a 7.7% growth rate during the forecast period
  • The U.S market to garner US$ 1.5 Billion and record a 7.7% CAGR from 2022-2032
  • Market in China to procure US$ 360 Million, expanding at a 7.7% growth rate during the assessment period

Competitive Landscape

Eminent players of the global clinical decision support market include Cerner, Epic, MEDITECH, Wolters Kluwer Health, and Zynx Health among others. Recent key developments among players include:

  • In March 2022 — MEDITECHand Google Health announced collaboration on an integrated solution within MEDITECH’s Expanse platform to help clinicians provide the best care through quick and easy access to information from multiple sources with a true longitudinal view of a patient’s health history.
  • In October 2021- Cerner announces the launch of a new operating unit, Cerner Enviza, that offers data-driven solutions and research services to help bring clarity to multi-dimensional data through real-world evidence and insights. The combined expertise of the Cerner and Kantar Health teams is expected to help accelerate the discovery, development and deployment of therapies and advance clinical research and the life sciences industry to improve everyday health.
  • In February 2021— Zynx Health, has been ranked 1 in KLAS Research’s 2022 Best in KLAS Awards in the category of Clinical Decision Support – Care Plans and Order Sets. Zynx Health received near-perfect scores across the grading criteria (Culture, Loyalty, Operations, Product, Relationship, Value) used to assess Best in KLAS status. The award marks Zynx Health’s seventh Best in KLAS designation.

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More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global clinical decision support market presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of Product (Integrated CDSS, Standalone CDSS) by Delivery Mode (On-premises, Cloud-based) by Model (Knowledge-based, Non-knowledge based) by Type (Therapeutics, Diagnosis) by Component (Service, Software, Hardware) by Application (Advance CDSS, Conventional CDSS) by Level of Interactivity (Active CDSS, Passive CDSS) by Setting (In-patient, Ambulatory Care Settings) and Region (North America, Latin America Europe, APAC, and Middle East & Africa,)

Key Segments Of Clinical Decision Support Industry Survey

Clinical Decision Support Market by Product:

  • Integrated CDSS
  • Standalone CDSS

Clinical Decision Support Market by Delivery Mode:

  • On-premises Clinical Decision Support
  • Cloud-based Clinical Decision Support

Clinical Decision Support Market by Model:

  • Knowledge-based Clinical Decision Support
  • Non-knowledge based Clinical Decision Support

Clinical Decision Support Market by Type:

  • Clinical Decision Support for Therapeutics
  • Clinical Decision Support fort Diagnosis

Clinical Decision Support Market by Component:

  • Clinical Decision Support Service
  • Clinical Decision Support Software
  • Clinical Decision Support Hardware

Clinical Decision Support Market by Application:

  • Advance CDSS
  • Conventional CDSS

Clinical Decision Support Market by Level of Interactivity:

  • Active CDSS
  • Passive CDSS

Clinical Decision Support Market by Setting:

  • In-patient Clinical Decision Support
  • Clinical Decision Support in Ambulatory Care Settings

Clinical Decision Support Market by Region:

  • North America Clinical Decision Support Market
  • Latin America Clinical Decision Support Market
  • Europe Clinical Decision Support Market
  • Asia & Pacific Clinical Decision Support Market
  • Middle East & Africa (MEA) Clinical Decision Support Market

Author By:

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

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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Charting the Course of a 7.2% CAGR in the Coil Winding Machine Market over the Next Decade (2023 to 2033)

According to insights from Future Market Insights, the coil winding machine market is poised to reach a significant milestone, with a projected value of US$ 4 billion by the end of 2023. What’s even more compelling is the anticipated global surge in demand, forecasted to climb at a remarkable compound annual growth rate (CAGR) of 7.2%. By the year 2033, the market is expected to more than double, reaching an impressive value of US$ 8 billion. This suggests a dynamic and thriving landscape for coil winding machines, underscoring their pivotal role in meeting the evolving needs of various industries.

Coil Winding Machine market is expected to grow at a healthy CAGR during the forecast period between 2023 and 2033. The objective of the report is to uncover micro and macro-economic factors accelerating the sales of Coil Winding Machine over the coming decade.

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The Introduction of Industry 4.0 Technology Will Open Up New Growth Opportunities for the Coil Winding Machine Market

The industrial sector is undergoing a change as manufacturers throughout the world place a strong emphasis on incorporating advanced automation. This is usually referred to as Industry 4.0.

With the advent of Industry 4.0, manufacturers are emphasising the use of novel technologies such as artificial intelligence, smart manufacturing, the internet of things (IoT), and machine learning, among others. This is projected to open up attractive potential for growth in the Coil Winding Machine market.

Additionally, increasing government emphasis building a better manufacturing sector and integration of augmented and virtual reality using smart equipment to enhance the output is estimated to propel the demand in the market for coming years.

Key Coil Winding Machine Market Takeaways and Projections

  • The U.S. is estimated dominate the Coil Winding Machine market in North America, accounting for the largest share in the region through 2022.
  • Germany is projected to account for a significant share in the Europe market over the assessment period.
  • China is forecast to hold the lion’s share the East Asia market, projecting the fastest growth in the region between 2023 and 2033
  • India is anticipated to emerge as a highly remunerative market in South Asia, accounting for the largest sales during the forecast period.

Report Benefits & Key Questions Answered

  • Coil Winding Machine Historical Market Outlook: Future Market Insight’s analysis examines vital dynamics, such as drivers, opportunities and challenges. It studies their impact on the market over the previous assessment period 2016-2020. The report provides crucial insights to market players to capitalize on opportunities and counter challenges.
  • Coil Winding Machine Demand-Supply Assessment: A latest study published by FMI offers in-depth insights into governing factors facilitating the demand outlook of the Coil Winding Machine As per the survey, Coil Winding Machine sales will project steady growth over the forecast period.
  • Coil Winding Machine Consumption by Demographics: The report published by FMI provides consumption by demographics analysis to assist the market players in formulating their marketing strategies on the basis of purchasing power of the customers. It examines changes in consumer behavior and also studies its effect on the demand for Coil Winding Machine.
  • Coil Winding Machine Market Trend Analysis: FMI’s market trend analysis provide detailed insights into current and upcoming trends in the industrial automation industries. It also assist the industry players to identify potentials trends to capitalize on them.

Competitive Landscape Analysis

Some of the key market participants in the global Coil Winding Machine market, identified across the value chain include:

  • Synthesis India Pvt. Ltd.
  • ACME Mechatronics, Inc.
  • Broomfield
  • Bachi Company
  • Nittoku Engineering
  • Metar Machines
  • STO Group
  • BR Technologies
  • Whitelegg Machines
  • Bestec Co., Ltd.
  • B.M.P. & Equipment
  • Gorman Machine Corp
  • Micro Tool & Machine Ltd.
  • WELLYANG Electronics Technology
  • JARS Machines
  • Shining Sun Enterprise
  • Jinkang Precision Mechanism
  • Zhuhai Ascend Technology

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Coil Winding Machine Market: Segmentation

The global Coil Winding Machine market can be segmented on the basis of machine type, operation, spindle number, end use and duty level.

By Machine Type:

  • CNC Linear/ Toroidal Winding Machines
  • Armature Coil Winding Machines
  • Transformer Coil Winding Machines

By Operation:

  • Manual Coil Winding Machine
  • Semi-Automatic Coil Winding Machine
  • Automatic Coil Winding Machine

By Spindle Number:

  • Single Spindle
  • Multi Spindle

By End Use:

  • Automotive
  • Electronic
  • Textile
  • Building
  • Others

By Duty Level:

  • Light duty
  • Medium duty
  • Heavy duty

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 is 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 5,000 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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Market for Plush Blankets is Anticipated to Grow at a CAGR of 5.4% by 2033 | FMI

Around US$ 441.1 million was projected to be the total value of the global plush blanket market in 2022, as per a recently published Future Market Insights report. Sales of plush blankets are anticipated to approach 21,698,000 units throughout the forecast period, with the United States, India, and the United Kingdom emerging as key producers of plush blankets. By 2023, it is expected to have generated US$ 787 million, with a CAGR of 5.4% from 2023 to 2033.

Consumers are choosing organic blankets more frequently as they become more aware of the drawbacks of conventional blankets or blankets made with dangerous chemicals and artificial colours. In an effort to minimise landfill waste and prevent detrimental effects on the environment, consumers are more inclined to choose sustainable products. Eco-friendly plush blankets are now part of the product ranges of plush blanket manufacturers.

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The market for plush blankets is projected to rise as a result of the real estate sector’s rapid improvement. Sales of luxurious blankets are increasing as more upscale bedding becomes available for home use. People who have well-decorated homes are more hospitable and more motivated and interested to work from home. Plush blankets additionally offer premium along with fancy bedding assistance to customers, as well as aesthetic delight.

The market for plush blankets is anticipated to develop as internet usage increases and online distribution channels like Walmart and Amazon continue to grow. One of the main elements influencing the selling of plush blankets via online channels is the superior convenience and accessibility of a broad selection of items. India’s expanding infrastructure is opening up opportunities for investments in the hospitality industry, particularly in hotels and resorts. The presence of several multinational hotel chains is growing in India, which is anticipated to drive sales of plush blankets within the commercial sector in India during the course of the assessment year.

Key Takeaways from the Market Study

  • Between 2018 and 2022, the demand for plush blankets increased at a 4.6% CAGR.
  • In 2022, the residential sector was estimated to have 31% of the market share for plush blankets overall.
  • Over the projection period, demand for plush blankets of the twin size is anticipated to grow at a 5.2% CAGR.
  • Sales of plush blankets through online channels are anticipated to grow at a 7.2% CAGR until 2033.
  • The market for plush blankets in Russia is anticipated to grow at a 4.8% CAGR over the forecast period.
  • Over the course of the assessment period, plush blanket sales in the United States are anticipated to increase at a 4.9% CAGR.

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“The growing popularity of plush blankets has been fueled by the increased use of plush, lightweight materials that provide precise warmth,” remarks an FMI analyst.

Competitive Landscape

Leading companies in the worldwide plush blanket market are putting a lot of effort into research and development in order to introduce cutting-edge goods and services to the market. Well-known businesses are also attempting to form strategic alliances with local distributors and consumers in order to increase their market presence.

Prominent players in the plush blanket market are:

  • L.Bean Inc.
  • Bed Bath & Beyond Inc.
  • American Blanket Company.
  • Sunbeam Products, Inc.
  • Home Depot Product Authority, LLC.
  • Bare Home
  • Utopia Deals
  • FleecePro
  • Plush Addict
  • Shannon Fabrics Inc.
  • Robert Kaufman Fabrics

Some key developments of the leading companies in this market are:

  • A personalized Space Shuttle Launch Rocket Plush Blanket is available from PIXERS.
  • Jay Franco & Sons, Inc.’s Avengers-themed plush blankets are available through Zulily, LLC.

More Valuable Insights Available

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

To understand opportunities in the plush blanket market, the market is segmented on the basis of plush blanket by type (twin, twin XL, full, queen, king), sales channel (direct sales, hypermarkets/ supermarkets, specialty stores, online retailing, convenience stores), end-use (residential, commercial) and across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

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.

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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